$450,000
4 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
401 SE 23rd Terrace, Cape Coral, FL, 33990
About this home
**NOT IN A FLOOD ZONE**ALL WATER AND SEWER ASSESSMENTS ARE IN AND PAID**FRESH WATER WIDE CANAL** 4 BEDROOMS WITH A 3-CAR GARAGE**POOL** I think that about covers what you are looking for in your Cape Coral New Home. Concrete 3-car garage driveway is where you begin viewing this property. Upon entering you walk into a foyer overlooking a HUGE living room to the left and a dining area straight ahead overlooking the lanai, pool and canal. First door on the right belongs to your personal EXTREMELY LARGE MASTER'S SUITE/BATH. HUGE! Plenty of room to make a nice sitting area or office overlooking the pool. Two double vanities and a HUGE shower to boot! To the left of entry doorway leads to a very "workable" kitchen overlooking the lanai, pool and canal. This is a great home for entertaining. Plenty of space here if you want to host a party for at least 30 guests. Huge family room with entry to the pool and the three guests suites. If you don't need the three guests rooms you can make one an office, one a sewing room, art studio, home gym...the possibilities are endless! Think outside the box in this home! Another nice feature is the POOL BATH. No dripping swimsuits throughout your home! Now for the features of this home: Custom blinds throughout. Plantation shutters or pull downs. Air conditioner installed in 2025. New Roof in 2023. Not a drop of water through any of the past hurricanes in this home. Three-car garage with full attic access. Newer hot water heater. No dock but you have the fun of designing your own! NICE ESTABLISHED NEIGHBORHOOD. Close to all kinds of shopping, restaurants, schools, churches...and centrally located . Hop on Veterans and you are in Ft. Myers or Punta Gorda. 10-minute drive to downtown Cape Coral and all it has to offer! Cannot say enough about this location. Located on the Challenger Canal. Great waterway for sure! Enjoy nature at it's finest! Turtles and fish and an occasion otter may pass by. Truly very relaxing. The only problem I foresee with this home is that it may be too large for you - but one never knows unless you come and see it. House is not perfect and can use some personal touches but there's fun in doing that too!
Property details
- Type
- SingleFamilyResidence
- Year built
- 2007
- Interior
- 2,261 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 3 car
- Days on market
- 42
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,300/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- 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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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.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 172 SE 23rd Street | Jul 2026 | $398,000 | 3/2 | 2,309 | $172 |
| 624 SE 23rd Terrace | Nov 2025 | $495,000 | 3/2 | 2,165 | $229 |
| 164 SE 19th Lane | Sep 2025 | $435,000 | 4/3 | 2,296 | $189 |
| 2133 SE 8th Place | Feb 2026 | $498,000 | 3/2 | 2,374 | $210 |
| 411 SE 17th Street | Jul 2026 | $425,000 | 4/2 | 2,344 | $181 |
| 619 SE 30th Street | May 2026 | $410,000 | 3/2 | 2,156 | $190 |
| Average | 6 comps | $443,500 | $195 |
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 $45,000 (9.5%) from the original list price.
| Apr 20, 2026 | Sold | $430,000 |
| Feb 11, 2026 | Price reducedfrom $475,000 | $450,000 |
| Jan 23, 2026 | Listed | $475,000 |
The good, the trade-offs & the location
- Built 2007 — post-2002 Florida wind codes (typically lower insurance)
- Lower flood risk (zone X)
- Private pool
- Waterfront
- 3-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.