Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2025006878

$40,000

Waterfront Home for Sale in Cape Coral

3512 NE 21st Place, Cape Coral, FL, 33909

- beds baths sqft
GatedBoatingWaterfront

About this home

OVERSIZED CAPE CORAL LOT WITH SUNSET VIEWS!!! Located in the Gator Circle area, this oversized lot is perfectly situated on a freshwater canal with sought-after western exposure, allowing you to enjoy breathtaking Florida sunsets right from your own backyard. Imagine building your dream home here, where you can fish, paddleboard, or kayak just steps from your back door. The property is only minutes from the beautiful new 16.8-acre Gator Trails Park which offers a natural setting with open green space, picnic shelters, playgrounds, walking paths, and areas for basketball or pickleball, making it a wonderful spot for family gatherings and recreation. Beyond the neighborhood, the location is hard to beat. You’ll enjoy a quick drive to downtown Fort Myers and downtown Cape Coral, where dining, shopping, and entertainment await, and the world-famous white sandy beaches of Southwest Florida are also within easy reach. This is a rare opportunity to own a premium lot in a peaceful yet convenient location—perfect for creating the Florida lifestyle you’ve always dreamed of.

Property details

Type
Residential
Year built
Not specified
Interior
Not specified
Lot size
16,509.24 sqft
Acreage
0.38 acres
Garage
None
Days on market
246
Total association fees
None
CDD
None
Est. taxes (1.4%)
$560/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
West
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
None
Sewer
None
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.

Price & status history

Down $14,900 (27.1%) from the original list price.

Aug 17, 2026Back on market
Feb 17, 2026Price reducedfrom $53,000$40,000
Aug 21, 2025Listed$54,900

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • Waterfront
Consider
  • No garage listed
Location convenienceHigh
Hospital
6.1 mi
Cape Coral Hospital
Beach
18.6 mi
Fort Myers Beach
Airport
10.2 mi
Page Field (Fort Myers)
Shopping
5 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.