$1,099,000
5 Bed 3 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
16 NW 38th Place, Cape Coral, FL, 33993
About this home
Located in one of the fastest growing and most desirable neighborhoods in the NW Cape, this Custom Coastal Masterpiece is sure to please even the most discerning buyer. This is not your typical “cookie cutter” floor plan, as this home not only offers 4 Bedrooms & 2 Full Baths in the main house, but it also offers a completely private Detached Guest Quarters with 1 Bedroom and 1 Additional Bath that is accessible from the outside pool area. This space would be ideal as a Mother-in-Law Suite, a Private Home Office, a Game Room or Fitness Studio, or even a Poolside Cabana Bar for Outdoor Entertaining. With just under 3,000 square feet of air-conditioned living space, there is plenty of room for a large family or for entertaining guests. Features include Custom Wood Cabinetry, Quartz Countertops, High-End Stainless-Steel Appliances including a Gas Range and a Wine Chiller, Decorative Tray Ceilings with Crown Molding & Accent Lighting, Gorgeous Kitchen & Bath Tile, Upgraded Plumbing & Light Fixtures, 90 Degree Disappearing Corner Sliding Glass Doors, Impact Resistant Windows & Doors, and SO MUCH MORE! The features are truly too numerous to list! Outside you’ll find a MASSIVE Covered Lanai with two private spaces that allow for an Outdoor Dining Area as well as an Outdoor Living Area. Beyond that you will find the Sparkling Heated Pool, Brick Paver Deck, and a Picture Window Screen Enclosure that provides stunning water views of the Micanopy Canal. Enjoy Quick Gulf Access to some of the best boating, fishing, and waterfront dining destinations on the SW Gulf Coast! This home is in close proximity and a short walking distance to the 7 Islands Development Project that will bring a vibrant atmosphere to the community, along with restaurants, shopping, and recreational facilities. This home is on city water and sewer, and ALL ASSESSMENTS ARE PAID IN FULL! This home had NO flooding during Hurricanes Ian, Milton, & Helene. The seller also has an ASSUMABLE VA LOAN with a fixed interest rate of 3.5% that the seller is offering to any qualified Veterans. This home is easy to show and priced to sell. Don’t let this one slip away! Secure your “Piece of Paradise” today!
Property details
- Type
- SingleFamilyResidence
- Year built
- 2022
- Interior
- 2,852 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 115
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $15,386/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- Yes
- Spa
- No
- Natural gas
- Yes
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Yes
- County
- Lee
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 5 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 |
|---|---|---|---|---|---|
| 113 SW 34th Avenue | Jun 2026 | $870,000 | 4/3 | 2,766 | $315 |
| 3620 SW 4th Lane | Oct 2025 | $870,000 | 4/3 | 2,766 | $315 |
| 1418 NW 37th Place | Jul 2026 | $1,276,350 | 5/3 | 2,748 | $464 |
| 11593 Island Avenue | Aug 2025 | $950,000 | 4/3 | 2,778 | $342 |
| 1534 NW 40th Place | Feb 2026 | $1,280,000 | 4/3 | 2,663 | $481 |
| Average | 5 comps | $1,049,270 | $383 |
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 $149,000 (12.4%) from the original list price.
| Feb 26, 2026 | Sold | $1,050,000 |
| Jan 9, 2026 | Price reducedfrom $1,199,000 | $1,099,000 |
| Oct 1, 2025 | Listed | $1,199,000 |
The good, the trade-offs & the location
- Built 2022 — post-2002 Florida wind codes (typically lower insurance)
- Private pool
- Gulf access (Direct — no bridges)
- Storm protection: Impact Windows/Doors
- 2-car garage
- In a higher-risk flood zone (AE) — flood insurance likely required
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.