$369,000
3 Bed Waterfront Home for Sale in Cape Coral
2016 SE 27th Terrace, Cape Coral, FL, 33904
About this home
SAILBOAT ACCESS • SOUTHERN EXPOSURE • WATERFRONT OPPORTUNITY! Bring your vision and take advantage of this opportunity to own a Southern Exposure waterfront home in beautiful Cape Coral! Located on a sailboat-access canal, this property offers direct boating access with no bridges—perfect for enjoying Southwest Florida’s incredible boating, fishing and waterfront lifestyle. The highly desirable Southern Exposure provides abundant sunshine throughout the day, making the backyard an ideal setting for a future pool, outdoor entertaining area, or simply relaxing and enjoying life on the water. The home does have known foundation concerns and is being offered with transparency. Professional estimates for the necessary foundation repairs are available for review, allowing buyers to understand the scope of work and plan accordingly. Bring your contractor, bring your ideas, and discover the potential this Cape Coral property has to offer! NO FLOODING!!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1974
- Interior
- 1,708 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%)
- $5,166/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Yes
- County
- Lee
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.
Based on the $/sqft of 6 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 1903 Cornwallis Parkway | Nov 2025 | $365,000 | 4/3 | 1,773 | $206 |
| 2285 SE 28th Street | Jul 2026 | $405,000 | 3/2 | 1,800 | $225 |
| 1741 SE 29th Lane | Oct 2025 | $345,000 | 3/3 | 1,619 | $213 |
| 1514 Shelby Parkway | Oct 2025 | $355,000 | 3/2 | 1,681 | $211 |
| 2540 SE 25th Avenue | Jul 2026 | $375,000 | 3/2 | 1,520 | $247 |
| 1503 SE 23rd Terrace | Mar 2026 | $320,000 | 3/2 | 1,718 | $186 |
| Average | 6 comps | $360,833 | $215 |
Market trends, Cape Coral
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
- Waterfront
- 2-car garage
- Built 1974 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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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.