$525,900
4 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
137 SE 23rd Terrace, Cape Coral, FL, 33990
About this home
PRICE IMPROVEMENT + BIG BUYER INCENTIVES!***Welcome to this stunning 4-bedroom, 2-bath pool home in desirable SE Cape Coral. Perfectly situated on a FRESHWATER CANAL WITH ASSESSMENTS PAID, this property offers both lifestyle and value. Whether you’re searching for a family home, seasonal retreat, or high-demand vacation rental, this residence checks every box.***Step inside through the GRAND 11.4-foot entry that opens into the main living area, creating a bright, open feel the moment you arrive. The bedrooms and garage feature 9.4-foot CEILINGS, while 8-foot solid interior doors add to the elevated design.***The primary suite is a true retreat, complete with a cozy sitting area, a relaxing soaking tub, and a step-in shower. The home flows seamlessly outdoors to a HEATED SALTWATER 12x24 pool with a sun shelf, bubbler, screened lanai, and an OVERSIZED 18x50 paver deck—perfect for entertaining or unwinding in style.***Additional features include a 2-car EPOXY-finished garage with 9.4-foot ceilings and HURRICANE-IMPACT WINDOWS and DOORS.***For boaters and nature lovers, enjoy kayaking, fishing, or small-boat fun right from your canal. You’re just 10 minutes to HORTON PARK BOAT RAMP, offering quick access to the RIVER and GULF.***Location Highlights:• Freshwater canal home with assessments paid• Centrally located near shopping, dining, parks and schools• Quick access to Veterans Parkway for easy entertainment to Fort Myers• Just 40 minutes to SANIBEL beaches• Minutes from Cape Coral’s best restaurants and attractions** BUYER BONUS: The seller is generously offering up to $20,000 in credits toward buyer’s CLOSING COSTS or RATE BUY-DOWNS—a rare opportunity to make your move more affordable. This home truly shows like a MODEL and is ready for its next chapter. Don’t miss your chance to own this CAPE CORAL GEM!
Property details
- Type
- SingleFamilyResidence
- Year built
- 2023
- Interior
- 1,793 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 26
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $7,363/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- 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.
Based on the $/sqft of 6 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 |
|---|---|---|---|---|---|
| 120 SE 24th Street | May 2026 | $510,000 | 3/3 | 1,872 | $272 |
| 329 NE 8th Terrace | Oct 2025 | $515,000 | 4/2 | 1,781 | $289 |
| 204 SW 28th Street | Jan 2026 | $599,900 | 4/2 | 1,718 | $349 |
| 2539 SW 4th Avenue | Dec 2025 | $460,000 | 4/3 | 1,898 | $242 |
| 406 SW 28th Street | Nov 2025 | $600,000 | 3/2 | 1,964 | $305 |
| 606 SW 25th Street | Aug 2025 | $464,900 | 3/2 | 1,900 | $245 |
| Average | 6 comps | $524,967 | $284 |
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
Down $25,900 (4.9%) from the original list price.
| Oct 31, 2025 | Sold | $500,000 |
| Sep 10, 2025 | Listed | $525,900 |
The good, the trade-offs & the location
- Built 2023 — post-2002 Florida wind codes (typically lower insurance)
- Lower flood risk (zone X)
- Private pool
- Waterfront
- 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.