5 Bed 3.5 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
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SoldMLS# 2026010003

$1,320,000

5 Bed 3.5 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL

1418 NW 37th Place, Cape Coral, FL, 33993

5 beds3.5 baths2,748 sqft3 garage
BoatingWaterfront

About this home

Built in 2023 along the 120-foot Optimist Canal, this Gulf-access residence offers boating access to open water and expansive southern views across intersecting canals that create an impressive waterfront setting. The home provides 2,748 square feet under air with five bedrooms and 3.5 baths designed for comfortable living and entertaining. The open-concept interior features 12-foot ceilings with a 13-foot tray in the main living area and 10-foot ceilings throughout, complemented by oversized 24x24 matte-finish porcelain tile flooring. Integrated LED tray lighting is smartphone controlled. Impact-rated windows and doors are installed throughout. Zero-corner pocketing sliding glass doors retract fully to open the living area to the lanai. While the corner sliders are not impact-rated, they are storm protected since the covered lanai area is enclosed by electric roll-down Kevlar storm shutters, creating a protected space for outdoor furnishings during severe weather. With a true chef's kitchen, this home is set apart from many comparable properties. It includes an oversized island, Forno eight-burner dual gas range with gas stone electric oven and hood, Café Advantium microwave, Samsung Wi-Fi-enabled refrigerator, additional pantry refrigerator, quartz countertops, and extensive cabinetry. The fifth bedroom functions as an oversized cabana-style mother-in-law suite with private sliding glass doors to the lanai, kitchenette, and dual-sink bath. All bathrooms include dual vanities except the pool bath. Additional upgrades include an Ecobee thermostat, Navien 199k BTU gas tankless water heater, whole-house reverse osmosis system with secondary RO added in 2024, and a buried 250-gallon propane tank servicing the range, water heater, and pool heater. Western rear exposure provides sunset views from the custom pool and spa area. The screened outdoor space features a panoramic picture-window enclosure, paver deck, oversized spa, swim-up tiki hut bar with approximately 20 by 10 feet of thatched covering, wraparound bar seating, outdoor kitchen added in 2024, low-voltage lighting, outdoor shower, and mounted televisions in the lanai and tiki hut. The gas pool heater provides rapid heating and is managed through a Jandy AquaLink system controllable by phone. The property has also operated successfully as a short-term vacation rental in the past with a perfect 5.0 star Airbnb rating. It generated approximately $14,000 in revenue during March 2025 alone. The layout, cabana suite, resort-style outdoor area, and expansive water views support exceptional STR potential. The three-car garage offers 12-foot ceilings and over $8,000 in added storage and fitness upgrades. A new well pump was installed in 2025, and the seawall was replaced in 2021. Located near the planned Seven Islands development area. Furnishings are negotiable.

Property details

Type
SingleFamilyResidence
Year built
2023
Interior
2,748 sqft
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
3 car
Days on market
55
Total association fees
None
CDD
None
Est. taxes (1.4%)
$18,480/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
West
Waterfront
Yes
Gulf access
Yes
Gulf access type
Indirect — bridges/locks
Pool
Yes
Spa
Yes
Natural gas
No
Water
Well
Sewer
Septic Tank
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.

Above marketThis home is priced above comparable recent sales.
This home
$480/sqft
Comp median
$383/sqft
Difference
+25%

Based on the $/sqft of 3 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
3621 NW 14th StreetDec 2025$999,9005/22,612$383
1534 NW 40th PlaceFeb 2026$1,280,0004/32,663$481
16 NW 38th PlaceFeb 2026$1,050,0005/32,852$368
Average3 comps$1,109,967$411

Market trends — Cape Coral

Median list
$399,999
Median $/sqft
$234
Median sold (90d)
$384,900
Avg days on market
94
Active listings
2,509
Median sold price · Cape Coral
$382,000last 3 months7% vs $356,900 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM11.3% YoY
$340k$368k$395kJul ’25Jul ’26
$395,000Jul ’26 · 316 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 $83,550 (6.1%) from the original list price.

Jul 8, 2026Sold$1,276,350
Apr 6, 2026Price reducedfrom $1,349,900$1,320,000
Feb 27, 2026Listed$1,359,900

The good, the trade-offs & the location

Pros
  • Built 2023 — post-2002 Florida wind codes (typically lower insurance)
  • Private pool
  • Gulf access (Indirect — bridges/locks)
  • Storm protection: Impact Windows/Doors
  • 3-car garage
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
7.3 mi
Cape Coral Hospital
Beach
16.8 mi
Sanibel Island
Airport
13.3 mi
Page Field (Fort Myers)
Shopping
7.1 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.