$318,000
4 Bed 2 Bath Waterfront SingleFamilyResidence for Sale in STONEWATER, FL
879 Stonewater Lake Terrace, Cape Coral, FL, 33993
About this home
BACK ON MARKET! BUYER BACKED OUT! APPRAISED ABOVE LIST PRICE!!!!!Impeccable New Construction in the Prestigious Gated Community of Stonewater. Experience the pinnacle of Florida living in this stunning 2023-built single-family home located in one of Cape Coral’s most desirable gated communities. Designed with modern elegance and comfort in mind, this spacious 4-bedroom, 2-bathroom home spans over 2,000 square feet of beautifully finished living space—perfect for families, entertaining, or simply enjoying the Southwest Florida lifestyle. From the moment you arrive, you’ll be captivated by the tile driveway and inviting entryway, leading to a screened lanai that overlooks a tranquil lake view—ideal for peaceful mornings and vibrant sunsets. Step inside to a bright and open floor plan, featuring soaring 8-foot interior doors, upgraded baseboards and casings, and sophisticated finishes throughout. The heart of the home boasts a gourmet kitchen with gleaming granite countertops, 42” upper cabinets, stainless steel appliances, a breakfast bar, and a large walk-in pantry—creating the perfect space for cooking and gathering. The primary suite is a true retreat, offering two spacious walk-in closets, a spa-style walk-in shower, and dual sinks for added luxury. Three additional bedrooms provide ample space for guests or a home office. This home is including alarm system the buyers can activate with motion sensors, and access to city water and sewer. Located in the highly sought-after community of Stonewater, residents enjoy resort-style amenities with low HOA fees. Enjoy access to a sparkling community pool, playground for the kids, fully equipped fitness center, tennis courts, pickleball, and more—all just steps from your door. Don’t miss your chance to own a piece of paradise in one of Cape Coral’s fastest-growing and most coveted neighborhoods. This home is move-in ready, better than new, and priced to sell. Schedule your private tour today and start living the Florida lifestyle you’ve been dreaming
Property details
- Type
- SingleFamilyResidence
- Year built
- 2023
- Interior
- 2,032 sqft
- Lot size
- 10,332.432 sqft
- Acreage
- 0.24 acres
- Garage
- 2 car
- Days on market
- 108
- Total association fees
- $2,684/yr (~$224/mo)
- CDD
- None
- Est. taxes (1.4%)
- $4,452/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
- Public Sewer
- 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
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
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 9 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
Seeing several homes? Build a tour and we'll route it for you.
Your notes on this home
Keep private notes on this home — what you love, what to ask about — saved to your account and shared with your agent.
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 |
|---|---|---|---|---|---|
| 860 Heather Lake Avenue | Mar 2026 | $299,000 | 3/2 | 2,000 | $150 |
| 304 Spring Hill Lake Loop | Sep 2025 | $315,000 | 4/2 | 2,032 | $155 |
| 518 NW 7th Avenue | Dec 2025 | $325,000 | 4/2 | 2,052 | $158 |
| 507 SPRING HILL LAKE Loop | Oct 2025 | $361,780 | 3/2 | 2,034 | $178 |
| 515 SPRING HILL LAKE Loop | Oct 2025 | $355,000 | 3/2 | 2,034 | $175 |
| 458 SPRING HILL LAKE Loop | Aug 2025 | $350,000 | 4/2 | 2,034 | $172 |
| Average | 6 comps | $334,297 | $165 |
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 $61,900 (16.3%) from the original list price.
| Aug 18, 2025 | Sold | $318,000 |
| Jul 21, 2025 | Price reducedfrom $329,000 | $318,000 |
| Jun 10, 2025 | Back on market | |
| Mar 24, 2025 | Listed | $379,900 |
The good, the trade-offs & the location
- Built 2023 — 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.
Similar homes nearby
$334,900
MLS# 20260213301824 SW 2nd Street, Cape Coral, FL, 33991
$370,000
MLS# 2026016277307 SE 1st Place, Cape Coral, FL, 33990
$375,000
MLS# 20260303032513 Keystone Lake Drive, Cape Coral, FL, 33909
$289,900
MLS# 20260308181425 Weeping Willow Court, Cape Coral, FL, 33909
$295,000
MLS# 20260197112677 Blue Cypress Lake Court, Cape Coral, FL, 33909
$349,900
MLS# 20250225042311 SW 4th Court, Cape Coral, FL, 33991
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.