$599,900
4 Bed 3 Bath Pool SingleFamilyResidence for Sale in CAPE CORAL, FL
3318 NW 1st Terrace, Cape Coral, FL, 33993
About this home
Take this opportunity to own this new construction Southern exposure home boasting a spectacular 2335 sq. ft. 4 bedroom 3 bath 3car garage pool home with ASSESSMENTS PAID on city water and sewer. Located the sought after neighborhood of NW Cape Coral. Quiet neighborhood surrounded by new construction homes. This home has an open floor plan built with attention to detail built by Petersen Homes who has been building quality homes in Cape Coral for over 25 years. Fully fenced in yard. Entry has spacious porch to enjoy your morning coffee. Large great room views pool through 24' sliding glass doors that can open 3 different ways making your entertaining options many. Step outside to the pool area large paver deck that has access to pool bath, and is pre-plumbed for you design your own outdoor kitchen. The spacious outdoor pool area has a shower with hot and cold water, the deck runs 62' width of the house giving you ample area for entertaining, dining, sunbathing on the tanning shelf with bubbler water features in the pool. Windows are low-E impact glass. 13' tray ceiling with crown mold. 8' doors. All cabinets are wood with soft close feature. Built in microwave cabinet, large walk-in pantry, large kitchen island with quartz countertops, under cabinet lighting and marble backsplash. Featured coffee or wine bar with extra cabinet space. Great room floor plan with tile in all living areas exception of primary and guest bedrooms. Spacious master suite, including 2 walk-in closets and shower has 2 shower heads 1 being an elegant rain head. Split floor plan has a 2nd master suite with a walk-in closet. 3rd bathroom has the unique feature of access to the garage. Garage is pre-plumbed for fridge or ice maker, pull down stairs lead to 8x12 attic storage space. This home is close to prime locations such as Publix, Walgreens, a public boat ramp and the Pine Island Rd corridor which is full of plenty of restaurants and shopping opportunities.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2024
- Interior
- 2,335 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 3 car
- Days on market
- 70
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $8,399/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- Yes
- Pets
- Yes
- County
- Lee
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
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 |
|---|---|---|---|---|---|
| 110 SW 37th Avenue | Sep 2025 | $737,900 | 4/3 | 2,135 | $346 |
| 3628 NW 3rd Terrace | Aug 2025 | $497,000 | 4/3 | 2,264 | $220 |
| 417 NW 36th Place | Sep 2025 | $555,000 | 4/2 | 2,388 | $232 |
| 3733 SW 1st Lane | May 2026 | $549,900 | 3/2 | 2,207 | $249 |
| 3615 SW 4th Lane | Aug 2025 | $700,000 | 4/3 | 2,214 | $316 |
| 437 NW 39th Avenue | Oct 2025 | $715,000 | 3/2 | 2,135 | $335 |
| Average | 6 comps | $625,800 | $283 |
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 $69,000 (11.3%) from the original list price.
| Sep 5, 2025 | Sold | $540,000 |
| Jul 9, 2025 | Price reducedfrom $599,000 | $599,900 |
| Jun 11, 2025 | Listed | $609,000 |
The good, the trade-offs & the location
- Built 2024 — post-2002 Florida wind codes (typically lower insurance)
- New construction
- Private pool
- Storm protection: Impact Windows/Doors
- 3-car garage
- In a higher-risk flood zone (AE) — flood insurance likely required
- 55+ age-restricted community
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.