$461,000
4 Bed Waterfront Home for Sale in Cape Coral
302 SE 1st Terrace, Cape Coral, FL, 33990
About this home
NEW concrete seawall on the Moro Canal with CITY WATER/sewer/reclaimed water & ASSESSMENTS PAID. NO FLOOD INSURANCE REQUIRED *ZONE X* ASK ABOUT INCENTIVES! NEW CONSTRUCTION = NEW ELEVATION + NEW WIND LOAD BUILD CODES + BUILDER WARRANTY! This is the Perfect 4 bedroom, 2 bathroom, 2 car garage ranch with 2330 sq ft of highly functional space on a gorgeous Canal Lot in the Heart of Cape Coral. High Volume Ceilings, Plank Tile & Granite Throughout, - Copious Natural Lighting, Southern Rear Exposure from your 23'x8' covered lanai, - Parade of Homes winner for best feature "Integrated Family Living Space" *MLS Listing Data Subject to Errors & Omissions**Price & Availability Subject to Change*
Property details
- Type
- SingleFamilyResidence
- Year built
- 2026
- Interior
- 2,330 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 57
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,454/yr
- Flood zone (area est.)
- No · Low risk (X)
- 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 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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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 |
|---|---|---|---|---|---|
| 305 SE 2nd Street | Jul 2026 | $498,500 | 4/3 | 2,265 | $220 |
| 106 SE 5th Avenue | Jan 2026 | $470,000 | 4/3 | 2,265 | $208 |
| 213 SE 6th Street | Jan 2026 | $471,000 | 3/2 | 2,169 | $217 |
| 613 SE 4th Place | Aug 2026 | $520,000 | 3/3 | 2,330 | $223 |
| 118 NE 8th Place | Oct 2025 | $495,000 | 3/2 | 2,210 | $224 |
| 410 SE 7th Street | Jul 2026 | $410,000 | 3/2 | 2,255 | $182 |
| Average | 6 comps | $477,417 | $212 |
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 $17,900 (3.7%) from the original list price.
| Aug 8, 2026 | Price reducedfrom $463,900 | $461,000 |
| Jun 12, 2026 | Listed | $478,900 |
The good, the trade-offs & the location
- Built 2026 — post-2002 Florida wind codes (typically lower insurance)
- Lower flood risk (zone X)
- Waterfront
- 2-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.