$389,000
4 Bed 2 Bath SingleFamilyResidence for Sale in CAPE CORAL, FL
1407 NE 5th Avenue, Cape Coral, FL, 33909
About this home
Discover this beautifully designed new construction home offering 1,842 sq. ft. of living space in the heart of Cape Coral. Thoughtfully crafted for modern lifestyles, this property combines elegance, comfort, and functionality. Features Include: 3 spacious bedrooms and 2 full bathrooms. A versatile den, ideal for a home office, media room, or guest space. Sleek tile flooring throughout, ensuring durability and style. Soaring high ceilings that create an open and airy ambiance. Premium impact-resistant windows, offering safety, energy efficiency, and added value. Situated in a highly sought-after area of Cape Coral, this home provides convenient access to top-rated schools, shopping centers, dining options, and recreational amenities. This is more than a home; it’s a lifestyle upgrade. Don’t miss the opportunity to make it yours. Schedule your private tour today!
Property details
- Type
- SingleFamilyResidence
- Year built
- 2024
- Interior
- 1,842 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 177
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,446/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- Exposure
- East
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Unpaid
- Sewer
- Assessment Unpaid
- 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.
Based on the $/sqft of 12 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 |
|---|---|---|---|---|---|
| 1309 NE 5th Place | May 2026 | $384,999 | 4/2 | 1,828 | $211 |
| 1302 NE 5th Avenue | May 2026 | $368,990 | 4/2 | 1,829 | $202 |
| 342 NE 14th Terrace | Jun 2026 | $384,990 | 4/2 | 1,829 | $210 |
| 1429 NE 6th Avenue | May 2026 | $385,000 | 3/2 | 1,784 | $216 |
| 503 NE 15th Terrace | Jun 2026 | $384,990 | 4/2 | 1,829 | $210 |
| 421 NE 15th Terrace | Apr 2026 | $392,999 | 4/3 | 2,020 | $195 |
| Average | 6 comps | $383,661 | $207 |
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.
Price & status history
Up $6,900 (1.7%) from the original list price.
| Oct 28, 2025 | Sold | $405,900 |
| Aug 21, 2025 | Price reducedfrom $399,000 | $389,000 |
| Jul 31, 2025 | Back on market | |
| Nov 20, 2024 | Listed | $399,000 |
The good, the trade-offs & the location
- Built 2024 — post-2002 Florida wind codes (typically lower insurance)
- New construction
- Lower flood risk (zone X)
- Storm protection: Impact Windows/Doors
- 2-car garage
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.