4 Bed SingleFamilyResidence for Sale in Cape Coral
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SoldMLS# 224094420

$388,900

4 Bed SingleFamilyResidence for Sale in Cape Coral

118 NW 1st Place, Cape Coral, FL, 33993

4 beds2 baths1,809 sqft2 garage
Gated

About this home

SYNERGY HOMES, a Better House a Better Value! This stunning new construction home has City Water & Sewer and is located in Cape Coral which has some of the highest ratings for quality of life, retirement, outdoor activities, and overall livability. The Cape ranks particularly high in terms of cost of living and safety. With a generous 1,809 square feet of living space, this 4-bedroom, 2-bath home is close to shopping, dining and has plenty of extra room to build a pool just outside your large 10x16 under-truss lanai. Lounge in your peaceful backyard behind your upscale vinyl privacy fence. Builder's preferred lender is currently offering 5.75 FHA with 3.5 down for 30 years fixed. Photos of pool have been virtually staged and do not represent the current standing of the property. This home also includes a generous 2-Car garage with epoxy flooring. ALL at a competitive price! Currently slated for completion in March 2025. Photos and virtual tour are of a similar home. Comes with a full Builders 2-10 warranty. Builder has other homes available at varying stages of completion. Call us to set up a time to discuss options including color schemes and timeframe.

Property details

Type
SingleFamilyResidence
Year built
2025
Interior
1,809 sqft
Lot size
10,672.2 sqft
Acreage
0.24 acres
Garage
2 car
Days on market
280
Total association fees
None
CDD
None
Est. taxes (1.4%)
$5,445/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
West
Waterfront
No
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
Yes
Pets
Yes
County
Lee

Amenities

Other

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
$215/sqft
Comp median
$206/sqft
Difference
+4%

Based on the $/sqft of 9 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
201 NW 3rd LaneJun 2026$410,0003/21,783$230
405 NW Juanita CourtFeb 2026$353,0004/21,829$193
2 NE 3rd LaneJun 2026$364,9003/21,772$206
207 NW 4th PlaceFeb 2026$356,0004/21,829$195
454 NE Juanita CourtNov 2025$415,0003/31,927$215
412 NW 4th StreetMar 2026$354,0004/21,829$194
Average6 comps$375,483$206

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$384,999
Avg days on market
92
Active listings
2,482
Median sold price · Cape Coral
$384,999last 3 months6.9% vs $360,000 prior 3 months
Median closed price by month · Cape Coral
3.9% MoM4.3% YoY
$340k$365k$390kJul ’25Sep ’26
$364,995Sep ’26 · 50 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.

Price & status history

Down $35,750 (8.7%) from the original list price.

Oct 9, 2025Sold$373,150
Apr 10, 2025Price reducedfrom $389,900$388,900
Nov 20, 2024Listed$408,900

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)
  • 2-car garage
Location convenienceHigh
Hospital
2.6 mi
Cape Coral Hospital
Beach
14.2 mi
Fort Myers Beach
Airport
8.6 mi
Page Field (Fort Myers)
Shopping
2.4 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.