4 Bed SingleFamilyResidence for Sale in Cape Coral
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For SaleMLS# 2026036476

$515,000

4 Bed SingleFamilyResidence for Sale in Cape Coral

427 SW 21st Terrace, Cape Coral, FL, 33991

4 beds3 baths2,009 sqft2 garage
Gated

About this home

Welcome to this stunning **BRAND-NEW CONSTRUCTION** home offering over **2,000 sq. ft. of beautifully designed living space** in a highly desirable Cape Coral location. Built with luxury and functionality in mind, this home showcases an open-concept floor plan, elegant finishes, and exceptional attention to detail throughout. The heart of the home is the impressive **chef-inspired kitchen**, featuring premium finishes, generous counter space, abundant cabinetry, and a large center island perfect for entertaining. The home continues to impress with **luxurious bathrooms** featuring modern fixtures, designer finishes, and a sophisticated contemporary feel. Step outside and enjoy the Florida lifestyle with a **custom outdoor BBQ/kitchen area**, ideal for entertaining family and friends. The property is also **FULLY FENCED**, providing additional privacy and a great outdoor space to enjoy year-round. Even better, **ALL CITY WATER & SEWER ASSESSMENTS ARE FULLY PAID**, eliminating the concern of a large outstanding assessment balance. The property is also **located outside a designated Special Flood Hazard Area** and includes a **2-10 Home Buyers Warranty** for additional peace of mind. **SELLER IS MOTIVATED! PRICE IS NEGOTIABLE AND SELLER IS WILLING TO CONTRIBUTE TOWARD BUYER’S CLOSING COSTS WITH AN ACCEPTABLE OFFER.** New construction, luxury finishes, over 2,000 sq. ft., paid assessments, outdoor entertaining space, and a fully fenced yard—this home is ready for its new owner!

Property details

Type
SingleFamilyResidence
Year built
2025
Interior
2,009 sqft
Lot size
10,890 sqft
Acreage
0.25 acres
Garage
2 car
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$7,210/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
Impact Windows/Doors
Exposure
West
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
Yes
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.

Above marketThis home is priced above comparable recent sales.
This home
$256/sqft
Comp median
$214/sqft
Difference
+20%

Based on the $/sqft of 3 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
237 SW 21st StreetJul 2026$560,0003/22,101$267
710 SW 21st StreetNov 2025$472,9004/32,206$214
1816 SW 3rd PlaceMay 2026$469,9004/32,206$213
Average3 comps$500,933$231

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,489
Median sold price · Cape Coral
$386,000last 3 months8% vs $357,500 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM7% YoY
$340k$365k$390kJul ’25Aug ’26
$380,000Aug ’26 · 372 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 2025 — post-2002 Florida wind codes (typically lower insurance)
  • New construction
  • Lower flood risk (zone X)
  • Storm protection: Impact Windows/Doors
  • 2-car garage
Location convenienceHigh
Hospital
2.8 mi
Cape Coral Hospital
Beach
11.3 mi
Fort Myers Beach
Airport
7.7 mi
Page Field (Fort Myers)
Shopping
3.7 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.