Waterfront Home for Sale in Cape Coral, FL, $44,900
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For SaleMLS# 226028366

$44,900

Waterfront Home for Sale in Cape Coral, FL, $44,900

4304 NE 21st Avenue, Cape Coral, FL, 33909

beds baths sqft
GatedBoatingWaterfront

About this home

83' EXTRA-WIDE FRONTAGE | DESIRABLE SW REAR EXPOSURE | PROVEN RESALE VALUE | FLOOD ZONE X. Rare building lot in NE Cape Coral designed to accommodate a luxury floor plan with no mandatory flood insurance required!! Positioned in a high-growth corridor surrounded by new construction selling from the mid-$340s to $400k+, this parcel provides exceptional resale potential. The expansive 83-foot frontage easily accommodates a wider custom home or 3-car garage layout, while the coveted SW rear exposure delivers optimal year-round sun to your future pool deck. Positioned on a serene canal with intersecting water views to the north and quick access toward Gator Slough. Close to major highways, grocery stores, and schools-under 20 minutes to historic Downtown Fort Myers, beaches, and Pine Island Rd shopping. Secure your piece of waterfront property today! Developer/Investor Alert: Seller also owns 2820 NW 22nd Ave (Western exposure freshwater canal lot) and is open to a simultaneous portfolio package.

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%)
$629/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
Southwest
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
$399,999
Median $/sqft
$235
Median sold (90d)
$385,000
Avg days on market
95
Active listings
2,498
Median sold price · Cape Coral
$385,000last 3 months6.9% vs $360,000 prior 3 months
Median closed price by month · Cape Coral
2.2% MoM13.4% YoY
$340k$371k$403kJul ’25Aug ’26
$402,500Aug ’26 · 8 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
  • Lower flood risk (zone X)
  • Waterfront
Consider
  • No garage listed
Location convenienceHigh
Hospital
7.2 mi
Cape Coral Hospital
Beach
19.7 mi
Fort Myers Beach
Airport
11.3 mi
Page Field (Fort Myers)
Shopping
6 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.