$600,000
4 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
2118 SW 38th Terrace, Cape Coral, FL, 33914
About this home
Reduced $50K to sell today! Beautiful Waterfront Gulf Access Pool Home nestled in desirable Southwest Cape Coral. This one checks all the boxes! Southern Exposure, NOT in Flood Zone, and Assessments Paid! Inside showcases the water views, the floor plan is designed for both comfort and style with features including High Ceilings, 4 Bedrooms or 3 and a den if you prefer, Updated Bathrooms, and Continuous Ceramic Tile throughout the home. Triple Slider Pocket Doors lead to the spectacular Lanai and featuring everything New and Updated, incuding Freshly refinished Pool with Newly added Hot Tub with Waterfall, New Pool Cage, New Tile Throughout Pool area and Lanai, Brand New Custom Dock and Lift! Conveniently located close to shopping, dining, and top-rated schools, this home is the perfect blend of elegance and convenience. Don’t wait—schedule your private tour today and make this waterfront gem your own!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1999
- Interior
- 1,805 sqft
- Lot size
- 10,628.64 sqft
- Acreage
- 0.24 acres
- Garage
- 2 car
- Days on market
- 6
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $8,400/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- Yes
- 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 5 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 |
|---|---|---|---|---|---|
| 2516 SW 37th Terrace | Oct 2025 | $562,450 | 3/3 | 2,003 | $281 |
| 4142 SW 22nd Court | Apr 2026 | $535,000 | 3/2 | 1,875 | $285 |
| 4130 SW 23rd Place | Dec 2025 | $610,000 | 3/2 | 1,664 | $367 |
| 2619 SW 35th Lane | Feb 2026 | $625,000 | 3/2 | 1,749 | $357 |
| 4012 SW 28th Place | Jun 2026 | $595,000 | 3/2 | 1,742 | $342 |
| Average | 5 comps | $585,490 | $326 |
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 $50,000 (7.7%) from the original list price.
| Mar 5, 2026 | Sold | $600,000 |
| Jan 20, 2026 | Back on market | |
| Jan 16, 2026 | Price reducedfrom $650,000 | $600,000 |
| Jan 10, 2026 | Listed | $650,000 |
The good, the trade-offs & the location
- Private pool
- Waterfront
- 2-car garage
- Built 1999 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
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.