Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2025016071

$199,900

Waterfront Home for Sale in Cape Coral

1206 NW 36th Avenue, Cape Coral, FL, 33993

- beds baths sqft
GatedBoatingWaterfront

About this home

Cleared GULF ACCESS LOT with a NEWER SEAWALL in place. Located in the growing North West Section of Cape Coral Florida. This Lot is ready for that New Construction Home. It is located on the Rococo Canal that is about 120ft+ wide with some INCREDIBLE views and fishing right from your backyard. Conveniently located less than 5 minutes to the Coral Oaks Golf Course, 15 minutes to Punta Gorda. This location is part of the North 3 - 2028 City Water and Sewer Expansion. Just minutes from the North Spreader Canal, this location provides convenient access to Matlacha’s vibrant waterfront dining and charming island atmosphere. Additionally, it is located near the highly anticipated Seven Islands project, a future Cape Coral landmark featuring mixed-use spaces, upscale restaurants, marinas, and entertainment. Enjoy breathtaking sunsets every evening with the lot’s desirable WESTERN exposure, providing a serene and picturesque backdrop for your future home. Imagine designing your ideal residence on this prime piece of real estate, where every day begins and ends with the tranquility of waterfront living. Whether you’re an avid boater or simply seeking a slice of paradise, this lot provides the perfect canvas for your vision.

Property details

Type
Residential
Year built
Not specified
Interior
Not specified
Lot size
10,890 sqft
Acreage
0.25 acres
Garage
None
Days on market
256
Total association fees
None
CDD
None
Est. taxes (1.4%)
$2,799/yr
Flood zone (area est.)
Yes · High risk (AE)
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
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
92
Active listings
2,478
Median sold price · Cape Coral
$384,999last 3 months7% vs $359,900 prior 3 months
Median closed price by month · Cape Coral
0.5% MoM8.1% YoY
$340k$365k$390kJul ’25Sep ’26
$378,250Sep ’26 · 36 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 $45,000 (18.4%) from the original list price.

Sep 4, 2026Price reducedfrom $209,900$199,900
Dec 22, 2025Listed$244,900

The good, the trade-offs & the location

Pros
  • Waterfront
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
  • No garage listed
Location convenienceHigh
Hospital
7 mi
Cape Coral Hospital
Beach
16.5 mi
Fort Myers Beach
Airport
12.9 mi
Page Field (Fort Myers)
Shopping
6.9 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.