Waterfront Home for Sale in Cape Coral
1 / 17
▶ View Virtual Tour
For SaleMLS# 226031768

$399,000

Waterfront Home for Sale in Cape Coral

3516 SW 7th Terrace, Cape Coral, FL, 33991

- beds baths sqft
GatedBoatingWaterfront

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 list
$399,000
Median $/sqft
$233
Median sold (90d)
$384,999
Avg days on market
92
Active listings
2,482
Median sold price · Cape Coral
$384,999last 3 months6.9% vs $360,000 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM5.7% YoY
$340k$365k$390kJul ’25Sep ’26
$369,990Sep ’26 · 55 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
  • Gulf access (Direct — no bridges)
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
  • No garage listed
Location convenienceHigh
Hospital
6.4 mi
Cape Coral Hospital
Beach
14.2 mi
Sanibel Island
Airport
11.9 mi
Page Field (Fort Myers)
Shopping
6.7 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

Loading map…

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.