4 Bed Waterfront Home for Sale in Coral Lakes
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Under ContractMLS# 2026014271

$300,000

4 Bed Waterfront Home for Sale in Coral Lakes

2537 Deerfield Lake Court, Cape Coral, FL, 33909

4 beds2.5 baths2,603 sqft2 garage
GatedPickleballTennisBocceFitness CenterClubhouseDog ParkBasketballPlaygroundCommunity PoolWaterfront

About this home

*SHORT SALE*-Spacious two-story home now available in the desirable Coral Lakes community—offered as a short sale opportunity! Situated in one of the highest elevated areas of Cape Coral with underground utilities, this property combines peace of mind with a strong sense of neighborhood pride and no Flood Zone. Inside you’ll find solid wood cabinetry paired with light granite countertops throughout. The first floor offers a functional and flexible layout, including a breakfast nook, formal dining area, two separate living spaces, a half bath, and a generously sized laundry room. Upstairs, all four bedrooms and two full bathrooms provide privacy and comfort, including a spacious primary suite with an updated bath featuring a soaking tub, separate shower, and dual sinks. This is an excellent opportunity to own in a sought-after community at a competitive value—schedule your private showing today!

Property details

Type
SingleFamilyResidence
Year built
2007
Interior
2,603 sqft
Lot size
11,456.28 sqft
Acreage
0.26 acres
Garage
2 car
Days on market
98
Total association fees
$3,988/yr (~$332/mo)
CDD
None
Est. taxes (1.4%)
$4,200/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
Northeast
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
Call, Conditional
County
Lee

Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.

Maintenance included in the fee

IrrigationWaterLegalAccountingMaintenanceGroundsPestControlReserveFundRoadMaintenanceStreetLights

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

BasketballCourtBocceCourtBilliardRoomBilliardsClubhouseSportCourtDogParkFitnessCenterPlaygroundPickleballParkPoolSpaHotTubSidewalksTennisCourtsTrails

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.

Below marketThis home is priced below comparable recent sales, a potential value.
This home
$115/sqft
Comp median
$137/sqft
Difference
-16%

Based on the $/sqft of 5 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
2552 Deerfield Lake CourtMar 2026$365,0004/32,471$148
944 Golden Pond CourtJun 2026$330,0003/22,603$127
1121 Amber Lake CourtJun 2026$349,9004/32,547$137
2691 Sunset Lake DriveOct 2025$350,0005/32,471$142
3037 Lake Butler CourtSep 2025$342,0004/32,558$134
Average5 comps$347,380$138

Market trends, Coral Lakes

Median list
$339,990
Median $/sqft
$204
Median sold (90d)
$316,950
Avg days on market
79
Active listings
98
Median sold price · Coral Lakes
$318,000last 3 months1.2% vs $322,000 prior 3 months
Median closed price by month · Coral Lakes
3.6% MoM11.4% YoY
$250k$340k$430kJul ’25Aug ’26
$305,500Aug ’26 · 22 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 community medians from the MLS · see all listings. Indicative, not an appraisal.

Price & status history

Down $50,000 (14.3%) from the original list price.

Aug 4, 2026Under contract
Jul 16, 2026Price reducedfrom $330,000$300,000
Jun 4, 2026Back on market
Mar 25, 2026Listed$350,000

The good, the trade-offs & the location

Pros
  • Built 2007 — post-2002 Florida wind codes (typically lower insurance)
  • Lower flood risk (zone X)
  • Waterfront
  • 2-car garage
Location convenienceHigh
Hospital
5 mi
Cape Coral Hospital
Beach
17.5 mi
Fort Myers Beach
Airport
9.9 mi
Page Field (Fort Myers)
Shopping
3.9 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.