4 Bed Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026003556

$384,600

4 Bed Waterfront Home for Sale in Cape Coral

226 NE 15th Terrace, Cape Coral, FL, 33909

4 beds2 baths1,755 sqft2 garage
GatedBoatingWaterfront

About this home

READY TO MOVE IN! Ask about 4.99% financing* + closing cost contribution* Welcome to this stunning waterfront home in Cape Coral, offering 4 bedrooms and 2 bathrooms with a desirable south-facing rear and tranquil canal views. Enjoy peace of mind with a seawall already in place and modern finishes throughout, including stainless steel appliances. This beautiful home is perfectly positioned to capture Florida living at its best. Subject listing may have errors or omissions. Property subject to price adjustment. Schedule your tour today!

Property details

Type
SingleFamilyResidence
Year built
2026
Interior
1,755 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
2 car
Days on market
207
Total association fees
None
CDD
None
Est. taxes (1.4%)
$5,384/yr
Flood zone (area est.)
Not available
Storm protection
None listed
Exposure
South
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Assessment Unpaid
Sewer
Assessment Unpaid
New construction
No
Pets
Yes
County
Lee
Above marketThis home is priced above comparable recent sales.
This home
$219/sqft
Comp median
$202/sqft
Difference
+8%

Based on the $/sqft of 17 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
301 Diplomat ParkwayMay 2026$345,0004/21,812$190
1412 NE 2nd PlaceAug 2026$350,0003/21,654$212
331 NE 15th StreetAug 2026$369,0003/31,621$228
301 NE 14th StreetJul 2026$345,0004/21,755$197
111 NE 15th TerraceJun 2026$369,9904/21,829$202
322 NE 17th StreetApr 2026$328,7004/21,829$180
Average6 comps$351,282$202

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$232
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,481
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
1.3% MoM8.4% YoY
$340k$365k$390kJul ’25Aug ’26
$384,750Aug ’26 · 413 sales

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 $35,000 (8.3%) from the original list price.

Jun 11, 2026Price reducedfrom $419,600$384,600
Jan 21, 2026Listed$419,600

The good, the trade-offs & the location

Pros
  • Built 2026 — post-2002 Florida wind codes (typically lower insurance)
  • Waterfront
  • 2-car garage
Location convenienceHigh
Hospital
3.6 mi
Cape Coral Hospital
Beach
15.8 mi
Fort Myers Beach
Airport
9.2 mi
Page Field (Fort Myers)
Shopping
2.7 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.