3 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 226019562

$589,000

3 Bed Waterfront Home for Sale in Cape Coral

1606 SE 28th Street, Cape Coral, FL, 33904

3 beds3 baths1,698 sqft2 garage
BoatingWaterfront

About this home

A rare combination on Cape Coral's SE waterfront: direct sailboat access to the Gulf with no fixed bridges, Zone X non-flood designation, and a 2025 renovation by Anchor Lux Design. The home operated through Hurricane Ian without damage. From this dock, the open Gulf is a straight cruise away, with no bridge clearances to plan around. Sanibel and Captiva sit within reach for nature and beach exploring. Cape Coral's shopping, dining, and entertainment district is minutes by car, and waterfront restaurants are accessible by boat. 3 bedrooms, 3 bathrooms, 1,698 sq ft. Turnkey furnished package available separately. The kitchen anchors the home with black matte cabinetry, stone island, double wall ovens, induction cooktop, and statement pendant lighting. The open layout flows into a great room with curated furnishings and art, grounded by large-format porcelain tile throughout. Leading out to a screened Lanai with views of the Lido Canal. The primary ensuite has a freestanding soaking tub with floor-mounted matte black faucet, walk-in porcelain shower with built-in niche, dual arched LED-lit mirrors over a floating oak vanity, and a cohesive matte black hardware palette. Another rarity, a second bedroom also ensuite, with a rain shower bath that doubles as a cabana bath: direct access the backyard. The space reads warm against wood-look porcelain and oak millwork. A flexible room, currently configured as a game room, works for full-time residents, snowbirds, or rental operators. Build details: impact windows throughout, new HVAC with new ductwork, new plumbing, new electrical with dimmers, new attic insulation, new fascia and soffits, low-energy LED lighting, full-property irrigation.

Property details

Type
SingleFamilyResidence
Year built
1969
Interior
1,698 sqft
Lot size
10,454.4 sqft
Acreage
0.24 acres
Garage
2 car
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$8,246/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
North
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Yes
County
Lee

Amenities

Sidewalks

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
$347/sqft
Comp median
$345/sqft
Difference
+1%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
1621 SE 29th TerraceMay 2026$525,0003/21,680$313
1119 SE 28th TerraceJul 2026$590,0003/21,620$364
1112 SE 31st StreetDec 2025$580,0003/21,535$378
2903 SE 10th AvenueMay 2026$571,0003/31,725$331
3511 SE 18th PlaceAug 2026$520,0003/21,509$345
2236 SE 27th StreetJun 2026$580,0003/21,686$344
Average6 comps$561,000$346

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$232
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,481
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
1.3% MoM8.4% YoY
$340k$365k$390kJul ’25Aug ’26
$384,750Aug ’26 · 413 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
  • Waterfront
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Consider
  • Built 1969 — pre-2002 construction may carry older wind codes and higher insurance
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
2.3 mi
Cape Coral Hospital
Beach
10.2 mi
Fort Myers Beach
Airport
4.9 mi
Page Field (Fort Myers)
Shopping
3.5 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.