$356,990
4 Bed SingleFamilyResidence for Sale in Cape Coral
616 NW 1st Lane, Cape Coral, FL, 33993
About this home
NEW BUILD COMPLETE - MOVE-IN-READY. WAS $369,990 - NOW $356,990. ALL ASSESSMENTS PAID AT CLOSING. SPECIAL INCENTIVES: UP TO $15,000 towards CLOSING COST / PREPAIDS when using a preferred lender. The Waterford’s expansive 1,812-square-foot design lives even larger than its generous footprint suggests, showcasing a true open-concept layout that feels bright, airy, and exceptionally roomy. A wide gathering room anchored by a vaulted ceiling flows seamlessly into a designer kitchen, creating the perfect environment for entertaining or everyday living. The spacious kitchen features a large center island, shaker-style cabinetry, upgraded, quartz countertops, and stainless-steel appliances including a refrigerator, dishwasher, range, and microwave. The Owner’s suite offers a private retreat with a walk-in shower, separate water closet room, and a generous walk-in closet. Three additional bedrooms share a well-appointed guest bathroom on the opposite side of the home for maximum privacy. Thoughtful details continue throughout the Waterford, including decorative brick pavers on the driveway and covered lanai, professionally designed landscaping and designer-selected paint colors, lighting, and plumbing fixtures all working together to create a home that feels modern, open, and exceptionally comfortable.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2026
- Interior
- 1,812 sqft
- Lot size
- 11,282.04 sqft
- Acreage
- 0.26 acres
- Garage
- 2 car
- Days on market
- 87
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $4,998/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- 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
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 8 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 |
|---|---|---|---|---|---|
| 703 NW 1st Terrace | Apr 2026 | $369,900 | 4/2 | 1,696 | $218 |
| 522 NW 1st Lane | Jul 2026 | $365,000 | 4/3 | 1,826 | $200 |
| 627 NW 2nd Terrace | Aug 2026 | $345,000 | 3/2 | 1,656 | $208 |
| 814 NW 1st Terrace | Jul 2026 | $350,000 | 4/2 | 1,828 | $191 |
| 207 NW 4th Place | Feb 2026 | $356,000 | 4/2 | 1,829 | $195 |
| 505 NW 3RD Terrace | Jan 2026 | $350,000 | 4/2 | 1,828 | $191 |
| Average | 6 comps | $355,983 | $201 |
Market trends, Cape Coral Mobile Home Estates
Live community medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $17,990 (4.9%) from the original list price.
| Aug 22, 2026 | Sold | $352,000 |
| Jul 29, 2026 | Price reducedfrom $359,990 | $356,990 |
| May 4, 2026 | Listed | $369,990 |
The good, the trade-offs & the location
- Built 2026 — 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.