$419,000
Waterfront Residential for Sale in CAPE CORAL, FL
1907 SE 37th Terrace, Cape Coral, FL, 33904
About this home
Exceptional direct Gulf access homesite offering sailboat access with no bridges—an outstanding opportunity for builders, developers, investors, or anyone looking to create a custom waterfront retreat. Situated on a canal just off Savona Parkway, this property provides less than a five-minute boat ride to open water, making it an ideal site for a luxury spec home or custom waterfront residence. Located in one of Cape Coral's most desirable boating neighborhoods, the property is surrounded by upscale homes and is just minutes from the redeveloped Jaycee Park, Slipaway Food Truck Park, The Cove at 47th, Bimini Basin, and the future Cape Coral Yacht Club. Conveniently positioned between the Midpoint and Cape Coral bridges, the location offers easy access to Fort Myers, the beaches, and the islands. With direct sailboat access, a premier waterfront location, and exceptional potential for luxury new construction, this is a rare opportunity to build in one of Southwest Florida's most sought-after boating communities.
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%)
- $5,866/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- 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 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
- Waterfront
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
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.