Residential for Sale in Cape Coral
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For SaleMLS# 2026034494

$265,500

Residential for Sale in Cape Coral

2718 SW 38th Terrace, Cape Coral, FL, 33914

- beds baths sqft

About this home

Beautiful residential homesite in a desirable Southwest Cape Coral location, offering approximately 0.23 acres with 80 ft of frontage and 125 ft of depth. Central water and sewer are available, providing convenient access to essential utilities. The property is well positioned near shopping, dining, parks, schools, boating, and other area amenities. An excellent opportunity to build a new residence in a growing and established Cape Coral community.

Property details

Type
Residential
Year built
Not specified
Interior
Not specified
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
None
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$3,717/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
None listed
Exposure
South
Waterfront
No
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Not specified
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.

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Market trends, Cape Coral

Median list
$399,900
Median $/sqft
$233
Median sold (90d)
$390,000
Avg days on market
95
Active listings
2,486
Median sold price · Cape Coral
$390,000last 3 months9.3% vs $356,900 prior 3 months
Median closed price by month · Cape Coral
7.1% MoM18.3% YoY
$340k$380k$420kJul ’25Aug ’26
$420,000Aug ’26 · 196 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.

The good, the trade-offs & the location

Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
  • No garage listed
Location convenienceHigh
Hospital
6.4 mi
Cape Coral Hospital
Beach
10.2 mi
Fort Myers Beach
Airport
10.4 mi
Page Field (Fort Myers)
Shopping
7.4 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.