4 Bed SingleFamilyResidence for Sale in Cape Coral
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For SaleMLS# 2026022834

$499,900

4 Bed SingleFamilyResidence for Sale in Cape Coral

509 SW 27th Terrace, Cape Coral, FL, 33914

4 beds2.5 baths2,470 sqft2 garage
Gated

About this home

SELLER INCENTIVE: Seller will contribute up to $15,000 toward the buyer's allowable closing costs with an accepted full-price offer, subject to contract terms and lender guidelines. SELLER FINANCING AVAILABLE: 20% down payment, 10% interest rate, 3-year balloon, and 2-year prepayment penalty. Financing terms are subject to seller approval, qualification, and mutually agreed-upon contract terms. Beautifully renovated 4-bedroom + den, 2.5-bath home with a 2-car garage in Southwest Cape Coral. This move-in-ready property features a newer roof installed in 2023, brand-new A/C installed in 2025, and a spacious open-concept living area designed for comfortable everyday living and entertaining. The versatile den provides an ideal space for a home office, study, or additional flex space. Enjoy the screened-in lanai and outdoor living area, along with the convenience of city water and sewer, with assessments paid in full. Conveniently located near shopping, dining, schools, and everyday amenities. Flood insurance is not required based on the current property information. Don't miss the opportunity to make this beautifully updated Cape Coral home your own!

Property details

Type
SingleFamilyResidence
Year built
2016
Interior
2,470 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
95
Total association fees
None
CDD
None
Est. taxes (1.4%)
$6,999/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
Shutters
Exposure
North
Waterfront
No
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

Amenities

SeeRemarks

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
$202/sqft
Comp median
$203/sqft
Difference
0%

Based on the $/sqft of 7 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
326 SW 31st StreetSep 2025$385,0004/22,470$156
2540 SW 9th PlaceApr 2026$482,0004/22,319$208
3017 SW 2nd PlaceSep 2025$440,0003/32,307$191
2720 SW 11th AvenueNov 2025$490,0005/22,409$203
3317 SW 5th PlaceSep 2025$575,0004/22,503$230
909 SW 22nd TerraceMay 2026$525,0003/42,554$206
Average6 comps$482,833$199

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
  • Built 2016 — post-2002 Florida wind codes (typically lower insurance)
  • Lower flood risk (zone X)
  • Storm protection: Shutters
  • 2-car garage
Location convenienceHigh
Hospital
3.4 mi
Cape Coral Hospital
Beach
10.5 mi
Fort Myers Beach
Airport
7.6 mi
Page Field (Fort Myers)
Shopping
4.4 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.