4 Bed Waterfront Home for Sale in Stonewater
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For RentMLS# 2026007113

$2,500

4 Bed Waterfront Home for Sale in Stonewater

421 Coral Reef Place, Cape Coral, FL, 33993

4 beds3 baths2,794 sqft2 garage
GatedPickleballTennisFitness CenterClubhousePlaygroundCommunity PoolWaterfront

About this home

Gorgeous Lake view !! Welcome to this beautiful unfurnished home, nestled in the desirable gated community Stonewater. This two-story residence boasts an impressive 2,756 sqft of living space, featuring 4 bedrooms plus Den and Loft, complemented by 3 bathrooms. The heart of this home is the expansive kitchen, equipped with sleek stainless steel appliances, granite countertops, and a convenient walk-in pantry. The main living area, adorned with tile flooring, provides a fresh, modern look and seamlessly connects to the serene lake view outdoors, offering a perfect backdrop for relaxation and gatherings. Residents of Stonewater enjoy a bounty of amenities including a sparkling community pool, a well-equipped exercise room, tennis and pickleball courts, a clubhouse, and a designated play area for children, ensuring entertainment and wellness are just steps away. The property's location further enhances its appeal, being close to schools and a short drive from essential shopping. For recreational activities, the nearby Northwest Softball Complex offers outdoor enjoyment for all ages. This home is ideal for those seeking a blend of comfort and convenience in a vibrant community. Embrace the opportunity to create your family’s future in this charming and secure environment at Stonewater.

Property details

Type
SingleFamilyResidence
Year built
2023
Interior
2,794 sqft
Lot size
6,677.748 sqft
Acreage
0.15 acres
Garage
2 car
Days on market
129
Total association fees
None
CDD
Yes
Est. taxes (1.4%)
$35/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
East
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Assessment Paid
Sewer
Assessment Paid
New construction
No
Pets
No
County
Lee

Amenities

ClubhouseFitnessCenterPlaygroundPickleballPoolSidewalksTennisCourts

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.

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Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
92
Active listings
2,485
Median sold price · Cape Coral
$384,999last 3 months6.9% vs $360,000 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM5.7% YoY
$340k$365k$390kJul ’25Sep ’26
$369,990Sep ’26 · 55 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 $600 (19.4%) from the original list price.

Jul 29, 2026Price reducedfrom $2,900$2,500
Mar 26, 2026Listed$3,100

The good, the trade-offs & the location

Pros
  • Built 2023 — post-2002 Florida wind codes (typically lower insurance)
  • Lower flood risk (zone X)
  • Waterfront
  • 2-car garage
Location convenienceHigh
Hospital
3.5 mi
Cape Coral Hospital
Beach
14.7 mi
Fort Myers Beach
Airport
9.5 mi
Page Field (Fort Myers)
Shopping
3.3 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.