Waterfront Home for Sale in Cape Coral
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For SaleMLS# 2026036656

$354,900

Waterfront Home for Sale in Cape Coral

3338 NW 47th Avenue, Cape Coral, FL, 33993

- beds baths sqft
BoatingWaterfront

About this home

RARE DIRECT GULF ACCESS OPPORTUNITY ON THE WIDE SPREADER CANAL! Build your dream waterfront home on this prime NW Cape Coral homesite with a seawall and dock already in place. Enjoy western rear exposure, beautiful water views, and spectacular Florida sunsets. NO BRIDGES along the boating route, giving you convenient Gulf access from your own waterfront property. Across the canal, federally protected mangroves provide a natural backdrop and added privacy, with no homes directly behind you. Impressive new homes are being built throughout this highly desirable area of NW Cape Coral. You’re conveniently located near Coral Oaks Golf Course, city parks, boat ramps, shopping, restaurants, and the Pine Island Road corridor, with easy access toward Punta Gorda. Crystal Lake Park is also nearby, offering walking trails, a lookout point, kayak/canoe launch, scuba diving opportunities, outdoor recreation, and more. The highly anticipated Seven Islands development is nearby and is expected to bring additional marina, dining, entertainment, and mixed-use amenities to the area. NW Cape Coral continues to grow with new construction, restaurants, shopping, and exciting new projects. Whether you’re ready to build now or secure a waterfront property for the future, opportunities like this are hard to find. Don’t miss your chance to own a prime Gulf access homesite and create your own piece of paradise in Cape Coral!

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%)
$4,969/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
$232
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,481
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
1.3% MoM8.4% YoY
$340k$365k$390kJul ’25Aug ’26
$384,750Aug ’26 · 413 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

Pros
  • Waterfront
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
  • No garage listed
Location convenienceHigh
Hospital
9.6 mi
Cape Coral Hospital
Beach
19.2 mi
Sanibel Island
Airport
14.8 mi
Punta Gorda Airport
Shopping
9.2 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.