4 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
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SoldMLS# 2025002661

$647,000

4 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL

2029 SE 27th Terrace, Cape Coral, FL, 33904

4 beds2 baths2,304 sqft2 garage
BoatingWaterfront

About this home

Incredible opportunity to own a custom-built waterfront home with one of the most desirable views in Cape Coral! Located at a unique bend in the canal, this home offers sweeping long and wide water views that set it apart. With 4 spacious bedrooms (or 3 bedrooms plus a large office/den), this home is ideal for both comfortable living and working from home. Thoughtfully updated with a brand-new roof (Jan 2024), new A/C system (2022), and re-piped plumbing, the home provides peace of mind and low-maintenance living. The private dock is equipped with shore power and water hookups, ready to accommodate your large boat. This is true sailboat water with no fixed bridges, offering direct access to the Caloosahatchee River and open Gulf waters in just minutes. Additional features include a garage with a van-height door and attic access via stairway, providing ample space for storage, hobbies, or oversized vehicles. Located in a prime neighborhood, you’ll enjoy easy access to all that Cape Coral has to offer and a quick drive to Downtown Fort Myers, featuring downtown shopping, entertainment, Edison Mall, and Fort Myers Beach just 30 minutes away. This home combines waterfront luxury, modern updates, and a truly unbeatable location—perfect for boaters and anyone seeking the ultimate Southwest Florida lifestyle.

Property details

Type
SingleFamilyResidence
Year built
1992
Interior
2,304 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
8
Total association fees
None
CDD
None
Est. taxes (1.4%)
$9,058/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Shutters
Exposure
South
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
Yes
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
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.

Below marketThis home is priced below comparable recent sales — a potential value.
This home
$281/sqft
Comp median
$334/sqft
Difference
-16%

Based on the $/sqft of 8 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
2606 SE 20th PlaceOct 2025$530,0003/22,245$236
2026 SE 29th StreetFeb 2026$700,0003/22,145$326
2607 SE 23rd AvenueMay 2026$799,9003/22,292$349
2313 SE 19th PlaceApr 2026$710,0003/22,293$310
2317 SE 27th StreetJul 2026$780,0003/22,191$356
1951 SE 32nd StreetJul 2026$750,0003/22,142$350
Average6 comps$711,650$321

Market trends — Cape Coral

Median list
$399,999
Median $/sqft
$234
Median sold (90d)
$384,900
Avg days on market
93
Active listings
2,525
Median sold price · Cape Coral
$382,000last 3 months7% vs $356,900 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM11.3% YoY
$340k$368k$395kJul ’25Jul ’26
$395,000Jul ’26 · 314 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 $32,000 (4.9%) from the original list price.

Oct 2, 2025Sold$615,000
Jul 23, 2025Listed$647,000

The good, the trade-offs & the location

Pros
  • Private pool
  • Waterfront
  • Storm protection: Shutters
  • 2-car garage
Consider
  • Built 1992 — 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
2.4 mi
Cape Coral Hospital
Beach
10.4 mi
Fort Myers Beach
Airport
4.2 mi
Page Field (Fort Myers)
Shopping
3.4 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.