3 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026036091

$389,900

3 Bed Waterfront Home for Sale in Cape Coral

2005 NW 3rd Terrace, Cape Coral, FL, 33993

3 beds2 baths2,017 sqft2 garage
GatedOn-site DiningBoatingWaterfront

About this home

Discover the perfect blend of comfort and style in this beautifully maintained NW Cape Coral home, built in 2009. With over 2,000 sq ft of living space, this home is designed for modern living, featuring an open-concept layout that maximizes space and natural light. The living areas are enhanced by tile flooring set on the diagonal and soaring volume ceilings, creating a sense of grandeur throughout. The well-appointed kitchen is a chef’s delight, offering granite countertops, a stylish backsplash, and ample cabinetry for all your storage needs. The spacious master bedroom is a true retreat, complete with his and her closets and an ensuite bathroom featuring a separate garden tub and shower, perfect for unwinding after a long day. Enjoy picturesque canal views from your backyard, ideal for serene mornings or peaceful evenings. Plus, with a brand new roof installed in 2023, this home is move-in ready and waiting for you. Don’t miss the opportunity to make this exceptional property your own—schedule a private tour today!

Property details

Type
SingleFamilyResidence
Year built
2009
Interior
2,017 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$5,459/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Shutters
Exposure
North
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Well
Sewer
Septic Tank
New construction
No
Pets
Yes
County
Lee

Maintenance included in the fee

Trash

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

Restaurant

Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.

At marketThis home is priced in line with comparable recent sales.
This home
$193/sqft
Comp median
$182/sqft
Difference
+6%

Based on the $/sqft of 5 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Your notes on this home

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Recently sold nearby

Closed comparable sales within ~1 mile in the last 12 months, similar price, size, beds/baths, and age.

AddressSoldSold priceBeds/BathsSq ft$/sqft
405 NW 18th AvenueAug 2026$385,0003/22,105$183
302 NW 24th AvenueJun 2026$345,0003/22,217$156
1804 SW 2nd StreetMar 2026$389,0003/21,996$195
401 NW 27th AvenueApr 2026$342,0004/21,880$182
316 NW 12th PlaceApr 2026$340,0003/22,095$162
Average5 comps$360,200$176

Market trends, Cape Coral

Median list
$399,900
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,487
Median sold price · Cape Coral
$385,000last 3 months7.4% vs $358,500 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM7% YoY
$340k$365k$390kJul ’25Aug ’26
$380,000Aug ’26 · 351 sales

Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.

Live area medians from the MLS · see all listings. Indicative, not an appraisal.

The good, the trade-offs & the location

Pros
  • Built 2009 — post-2002 Florida wind codes (typically lower insurance)
  • Waterfront
  • Storm protection: Shutters
  • 2-car garage
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
4.7 mi
Cape Coral Hospital
Beach
14.8 mi
Fort Myers Beach
Airport
10.6 mi
Page Field (Fort Myers)
Shopping
4.6 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.