$399,000
Waterfront Home for Sale in Cape Coral
3516 SW 7th Terrace, Cape Coral, FL, 33991
About this home
DIRECT GULF ACCESS - NO BRIDGES! Bring your vision and your builder to this exceptional Gulf-access homesite in a quiet Cape Coral neighborhood where the best of the Southwest Florida lifestyle is right outside your future back door. This cleared residential lot with SEAWALL IN PLACE offers the highly sought-after combination of southern exposure and direct access to the Gulf of Mexico with NO bridges and NO locks between you and the open water. NO ASSESSMENTS! All city assessments are in and fully paid, providing an important advantage for your future construction plans. Imagine building your dream home and stepping outside to your own waterfront lifestyle - launch the boat, head out for a day of fishing, cruise toward the Gulf, or enjoy a sunset on the water without the restrictions of bridges or locks. The navigable canal and established seawall create an outstanding foundation for the home and boating lifestyle you've been dreaming about. Location is another major advantage. Pine Island Road puts shopping, restaurants, entertainment and everyday conveniences close at hand, while nearby Matlacha offers the colorful Old Florida atmosphere, waterfront dining, local art galleries, fishing and island-style activities that make this part of Southwest Florida so special. Enjoy local favorites such as Blue Dog Bar & Grill, Miceli's Restaurant and Yucatan Waterfront Tiki Bar and Grill, or head into Cape Coral for an even greater selection of restaurants, shopping and entertainment. The nearby Pine Island Road corridor puts convenient dining options within easy reach. For the savvy investor, this property also presents an exciting opportunity to acquire a waterfront parcel in a desirable boating community and hold it for future development or appreciation. and assessments paid, much of the groundwork is already established. Whether you're ready to build your forever home, create a seasonal Gulf Coast retreat, or add a waterfront parcel to your real estate investment portfolio, this is an opportunity worth seeing. Direct Gulf access, southern exposure, seawall in place and a location surrounded by the best of Cape Coral and Matlacha—this is Florida waterfront living at its finest!
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%)
- $5,586/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- 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.
Seeing several homes? Build a tour and we'll route it for you.
Your notes on this home
Keep private notes on this home, what you love, what to ask about, saved to your account and shared with your agent.
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
- Gulf access (Direct — no bridges)
- 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.
Similar homes nearby
$375,000
MLS# 202601563512068 Matlacha Boulevard, Matlacha Isles, FL, 33991
$469,900
MLS# 20250047762500 Harbor View Drive, Matlacha, FL, 33993
$399,000
MLS# 20260258262567 Cay Cove, Matlacha, FL, 33993
$439,000
MLS# 20260364942607 Bayshore Drive, Matlacha, FL, 33993
$349,000
MLS# 2250215242686 Clyde Street, Matlacha, FL, 33993
$349,000
MLS# 20260082662650 Coco Plum Drive, Matlacha, FL, 33993
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.