3706 NW 46th Ter · Cape Coral, FL 33993

$357,990

4 bd · 2.0 ba · 2,044 sqft · Land · 430 Days on market

Built 2025 10,454 sqft lot ↓ 19% since listing

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

Key facts

• Irrigation system
• Tile flooring
• Granite countertops

Tags

• IRRIGATION SYSTEM
• ENERGY SMART FEATURES
• GRANITE COUNTERTOPS
• TILE FLOORING

Property features AI

Finance

• Financial info: Pets are allowed
• HOA & community: Non-gated community; No association fee

Exterior

• Parking: Attached garage; 2 covered garage spaces
• Security: Smoke detectors
• Utilities: Cable available; Septic tank; Well water
• Home design: Single-story home; Entry level: 1; Faces north; New construction
• Construction: Block, concrete and stucco construction; Shingle roof
• Exterior features: Corner lot; Rectangular lot; Paved road access; South exposure; Shutters (manual)

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Icemaker
• Bedrooms: Master bedroom; Two additional bedrooms; Den (can be used as extra living space)
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms; Separate/shower-only configuration in at least one bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Vaulted ceilings; Split bedroom layout; Separate/formal dining room; Pantry; Cable TV ready; Shower only (separate shower); Double-hung windows; Unfurnished
• Laundry & utility: Washer; Dryer; Laundry located inside

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $358k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $358k).
• Recommended offer: $315k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.3% vs local median 3.1% in Cape Coral — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#208 in FL, #3,098 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, amenities B+; Watch: commute F.
• Lee (suburban): math 47% / reading 50% proficiency, ranked #42 of 73 in FL (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Gulf Elementary School (math 70% / reading 65%, grade B+, #435 of 2,144 statewide, top 21%, 1,231 students, 38% FRL); Challenger Middle School (math 59% / reading 56%, grade B, #157 of 571 statewide, top 28%, 1,124 students, 50% FRL); Ida S. Baker High School (math 44% / reading 47%, grade D-, #223 of 667 statewide, top 34%, 1,933 students, 39% FRL) — zoned schools average 42% FRL vs 57% district-wide (15 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents falling (-5.5%/yr); 2671 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• At $4,558/mo this rent would consume 60% of the median local household income ($91k/yr) (locally 286% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Lee County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 430 days — a 12% lower offer ($315k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 2y ago; this cycle's ask has dropped $36k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $315,031 (12.0% below list)

Questions for the listing agent

1. It's been on market 430 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 11.34%
• Cash-on-cash: 18.04%
• DSCR: 1.80
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -0.7%
• Equity multiple: 0.98×
• Total profit: $-2,486
• Equity at exit: $53,377

10-year hold

• IRR: 5.5%
• Equity multiple: 1.35×
• Total profit: $35,181
• Equity at exit: $30,952

Cash invested: $100,237 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33993

• Home prices YoY: -14.1%
• Rents YoY: -5.5%
• Active inventory: 2671
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $4,558 high
• Mortgage (P&I): −$1,877
• Tax from tax record: −$68 /mo · $814/yr
• Insurance: −$149
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$957
• Net cashflow: $1,080

Break-even live

Break-even rent $3,191

Max offer price $357,990

Occupancy floor 71%

Sensitivity live

Price	-10% $1,283	-5% $1,181	+0% $1,080	+5% $979	+10% $877
Rent	-10% $720	-5% $900	+0% $1,080	+5% $1,260	+10% $1,440
Rate	-1.0pp $1,260	-0.5pp $1,171	base $1,080	+0.5pp $987	+1.0pp $893

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $89,498
• Closing costs: $10,740
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4157 NW 39th Ave Cape Coral, FL	3.0	2.0	1515	$2,500	$1.65	5d	1	0.65mi
4157 NW 39th Ave Cape Coral, FL	3.0	2.0	1515	$2,500	$1.65	25d	1	0.65mi
1010 Islamorada Blvd Punta Gorda, FL	3.0	2.0	1592	$4,700	$2.95	25d	1	1.01mi
3250 Southshore Dr Unit 54B Punta Gorda, FL	3.0	2.0	2069	$5,750	$2.78	25d	1	1.12mi
3471 Sunset Key Cir #102 Punta Gorda, FL	3.0	2.0	1991	$5,750	$2.89	25d	1	1.17mi
3280 Southshore Dr Unit 87A Punta Gorda, FL	3.0	2.0	2069	$4,000	$1.93	25d	1	1.18mi
3304 Sunset Key Cir Unit D Punta Gorda, FL	3.0	2.0	2255	$5,750	$2.55	25d	1	1.19mi
3270 Southshore Dr Unit 72B Punta Gorda, FL	3.0	2.0	2069	$5,750	$2.78	25d	1	1.19mi
3313 Sunset Key Cir Punta Gorda, FL	3.0	2.0–3.0	2089	$6,750	$3.23	25d	4	1.22mi
3617 NW 38th Ter Cape Coral, FL	4.0	3.0	1903	$2,200	$1.16	25d	1	1.28mi
2060 Matecumbe Key Rd Punta Gorda, FL	2.0–3.0	2.0	1271	$5,400	$4.25	25d	3	1.28mi
2091 King Tarpon Dr Punta Gorda, FL	3.0	2.0	1640	$5,200	$3.17	25d	1	1.35mi
3001 King Tarpon Dr Punta Gorda, FL	3.0	2.0	1734	$5,500	$3.17	25d	1	1.37mi
3812 NW 38th St Cape Coral, FL	3.0	2.0	1920	$2,600	$1.35	25d	1	1.39mi
17849 Hibiscus Cove Ct #1 Punta Gorda, FL	3.0	2.0	1937	$6,250	$3.23	25d	1	1.40mi

Listing history 38 events

1. 2026-06-22
   days on market $357,990 Active 430 DOM
2. 2026-06-17
   days on market $357,990 Active 426 DOM
3. 2026-06-16
   days on market $357,990 Active 425 DOM
4. 2026-06-16
   days on market $357,990 Active 424 DOM
5. 2026-06-13
   days on market $357,990 Active 422 DOM
6. 2026-06-09
   days on market $357,990 Active 418 DOM
7. 2026-06-07
   pricedays on market $357,990 Active 416 DOM
8. 2026-06-02
   days on market $359,990 Active 411 DOM
9. 2026-06-01
   days on market $359,990 Active 410 DOM
10. 2026-06-01
    days on market $359,990 Active 409 DOM
11. 2026-05-06
    price $359,990 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

12. 2026-05-06
    price $405,966 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

13. 2026-05-06
    price $359,990 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

14. 2026-04-09
    price $405,966 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

15. 2026-04-08
    price $359,990
16. 2026-03-28
    price $367,000 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

17. 2026-03-16
    price $367,000
18. 2026-02-08
    price $369,000 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

19. 2026-02-03
    price $427,966 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

20. 2025-12-30
    status Active 1326-char remark

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    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

21. 2025-12-29
    historical 1326-char remark

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    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

22. 2025-12-21
    status Active 1326-char remark

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    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

23. 2025-12-20
    historical 1326-char remark

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    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

24. 2025-11-13
    status Active 1326-char remark

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    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

25. 2025-11-11
    historical 1326-char remark

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    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

26. 2025-07-26
    price $369,000 1326-char remark

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    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

27. 2025-07-25
    price $369,000
28. 2025-07-09
    status Active 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

29. 2025-07-07
    historical 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

30. 2025-05-29
    status Active 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

31. 2025-05-25
    historical 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

32. 2025-05-03
    price $388,000 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

33. 2025-05-02
    price $388,000
34. 2025-04-17
    listed $394,000 Active
35. 2024-11-06
    price $394,000 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

36. 2024-10-01
    price $419,000 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

37. 2024-07-10
    price $426,768 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

38. 2024-06-26
    listed $441,768 Active 1326-char remark

    Show marketing remark (1326 chars)

    Welcome to the Delray, where thoughtful design and modern living come together to create the perfect home for you and your family. This 3-bedroom, 2-bathroom haven boasts a spacious 2,044 square feet of luxurious living space, ensuring that every square inch is designed with your comfort in mind. As you step through the front door, the foyer invites you into your new home. To your left, a versatile den awaits - perfect for a home office or library. To your right, a private dining room sets the stage for intimate gatherings and memorable meals. Continue your journey into the heart of the home, where the open kitchen seamlessly blends with the expansive 22×16 great room. The kitchen, a culinary enthusiast's dream, features a central island with a convenient dishwasher and sink. A generously sized pantry ensures you have ample storage space, making it easy to keep your kitchen organized and clutter-free. The Delray's split-bedroom plan ensures privacy and tranquility. On the right side of the home, discover the owner's suite - a sanctuary of comfort and style. Revel in the spaciousness of the large walk-in closet, providing a home for your wardrobe and accessories. The owner's bathroom is a retreat in itself, complete with a linen closet, a private water closet, and all the modern amenities you desire.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $814 · $68/mo
• Projected year-2 tax: $2,971 · $248/mo
• Expected delta: +$2,158/yr (+$180/mo · 265.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $54,696
• − Mortgage interest: −$20,053
• − Property taxes: −$814
• − Insurance: −$6,908
• − Repairs & maintenance: −$4,376
• − Management: −$4,376
• − Depreciation: −$10,414
• Taxable income: $7,755
• Est. tax owed @ 24.0%: −$1,861
• After-tax cash flow: $11,098/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lee
• NCES district ID: 1201080
• Math proficiency: 47% ▼ -11.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $49,518
• Composite: 41.49/100
• National rank: #3458
• State rank: #42 of 73 in FL

Livability — Cape Coral

• Score: 77/100
• State rank: #208
• US rank: #3098

Category grades

Amenities B+ Commute F Cost of living B Crime B- Employment C+ Housing A+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cape Coral, FL
• County: Lee County · 788,662 people
• City population: 217,388
• Metro: Cape Coral-Fort Myers, FL
• Population (ZIP): 35,580
• Household income: $90,577
• Rent vs Own: 12.6% rent · 87.4% own
• Severe rent burden: 286.0

Population outlook (Lee County) Hauer SSP2

• Today (2025): 871,946 people
• By 2030: 955,468 · +9.6%
• By 2040: 1,113,587 · +27.7%
• By 2050: 1,256,891 · +44.1%
• By 2075: 1,560,270 · +78.9%
• By 2100: 1,726,848 · +98.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 57% Hispanic / Latino 30% Two or more races 21% Black 7% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 17% Dominican 1%
• Common ancestry: Romanian 2% Hispanic 2% Lithuanian 2%
• Foreign-born: 21% · Canada, Jamaica, China
• Languages at home: 73% English-only · Spanish 24% French/Haitian/Cajun 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Lee

• 2024 margin: Strong R (+28.4) · D 35.5% · R 63.9%
• 2008→2024 swing: -18.0pp toward R · 2008: -10.4pp · 2024: -28.4pp
• All cycles: 2024: R+28.4 2020: R+19.2 2016: R+20.4 2012: R+16.6 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.34%
• Current HPI: 337.0575
• Rent YoY: ▼ -5.51%
• Metro: Cape Coral-Fort Myers, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-18.5% since first listed

28 events — show timeline

• 2026-05-06 Price Changed $359,990 Zillow
• 2026-05-06 Price Changed $405,966 Zillow
• 2026-05-06 Price Changed $359,990 Zillow
• 2026-04-09 Price Changed $405,966 Zillow
• 2026-04-08 Price Changed $359,990 FORTMLS
• 2026-03-28 Price Changed $367,000 Zillow
• 2026-03-16 Price Changed $367,000 FORTMLS
• 2026-02-08 Price Changed $369,000 Zillow
• 2026-02-03 Price Changed $427,966 Zillow
• 2025-12-30 Relisted — Zillow
• 2025-12-29 Delisted — Zillow
• 2025-12-21 Relisted — Zillow
• 2025-12-20 Delisted — Zillow
• 2025-11-13 Relisted — Zillow
• 2025-11-11 Delisted — Zillow
• 2025-07-26 Price Changed $369,000 Zillow
• 2025-07-25 Price Changed $369,000 FORTMLS
• 2025-07-09 Relisted — Zillow
• 2025-07-07 Delisted — Zillow
• 2025-05-29 Relisted — Zillow
• 2025-05-25 Delisted — Zillow
• 2025-05-03 Price Changed $388,000 Zillow
• 2025-05-02 Price Changed $388,000 FORTMLS
• 2025-04-17 Listed $394,000 FORTMLS
• 2024-11-06 Price Changed $394,000 Zillow
• 2024-10-01 Price Changed $419,000 Zillow
• 2024-07-10 Price Changed $426,768 Zillow
• 2024-06-26 Listed $441,768 Zillow

Property tax history

+10.5%/yr

Latest (2025): $814 · +11.5% YoY. Source: county tax records.