2021 NE 4th Ave · Cape Coral, FL 33909

$249,000

4 bd · 2.0 ba · 1,853 sqft · SingleFamily public records · 13 Days on market

Built 2023 0.25 ac lot Est $361k · 31% under

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +11.8/30.0
• Schools +4.1/10.0
• 1% rule +3.9/10.0
• Livability +3.9/5.0
• DSCR +3.5/10.0
• Condition / age +2.5/5.0
• Rent growth +1.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Home is CO. The Estero plan by LGI Homes is a spacious one-story retreat located within the picturesque community of Cape Coral North. This home features an open concept floor plan, 4 bedrooms and 2 full baths complete with unbelievable upgrades including paver driveway, impact resistant windows and doors, energy-efficient Whirlpool® appliances including a refrigerator with ice maker, spacious granite countertops, 36” upper cabinets with crown molding, undermount kitchen sink, Moen® faucets, convenient outlet with USB charging capability, brushed nickel hardware and an attached two-car garage with a WiFi-enabled garage door opener. The Estero showcases a master suite with a large walk-in closet, a spacious family room and a dining area, as well as a covered back patio and front yard landscaping. Cape Coral also provides residents with easy access to the best shopping, dining and entertainment Fort Myers has to offer.

Key facts

• 0.25 acre lot
• 2 garage spots
• Built 2023

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: No association fee

Exterior

• Parking: Attached 2-car garage; Driveway parking; Paved parking
• Security: Smoke detectors
• Utilities: Well water; Septic tank; Cable available
• Home design: Single-story home; Resale property; Entry level: 1; Faces west
• Construction: Block, concrete and stucco construction; Shingle roof
• Exterior features: Open patio and porch; Patio; Porch; Corner lot; Rectangular lot; Paved public road access; East exposure

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Main-level bedroom(s)
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Double-hung, sliding, and impact-resistant windows; Bedroom on the main level; Bathtub and separate shower; Dual sinks; Eat-in kitchen; Family/Dining room configuration; Living/Dining room; Pantry; Walk-in closet(s)
• Laundry & utility: Interior laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $249k.

Deal economics

• At list price, monthly cash flow is $-70 ($-845/yr) — negative.
• To cash-flow at today's rent, offer at most $237k (5.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $222k (10.7% below list).
• Recommended offer: $222k (10.7% below list) — sets the bar for 1% rule.
• Cap rate 6.0% 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 (-5.6%/yr); 1604 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 15,411 units permitted in Lee County in 2024 (4,686 in 5+ unit buildings).
• This rent runs 37% of the median local income ($73k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $222,286 (10.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.89% ✗
• Cap rate: 5.95%
• Cash-on-cash: -1.21%
• DSCR: 0.95
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $361,335
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1821 NE 5th Ct	0.31mi	4/2.0	1,829 (-1%)	12mo	$348,000	$190	73
506 NE 20th Ter	0.13mi	3/2.0 (-1)	1,993 (+8%)	6mo	$290,000	$146	71
345 NE 17th St	0.45mi	3/2.0 (-1)	1,835 (-1%)	8mo	$415,000	$226	65
301 Diplomat Pkwy E	0.61mi	4/2.5	1,812 (-2%)	1mo	$345,000	$190	65
710 NE 20th St	0.41mi	4/2.5	1,998 (+8%)	2mo	$330,000	$165	65
2013 NE 6th Ave	0.25mi	4/3.0	2,020 (+9%)	9mo	$393,285	$195	62
338 NE 25th Ter	0.56mi	3/2.0 (-1)	1,824 (-2%)	8mo	$409,999	$225	59
2026 Santa Barbara Blvd N	0.61mi	4/3.0	2,017 (+9%)	1mo	$565,000	$280	52
421 NE 15th Ter	0.65mi	4/3.0	2,020 (+9%)	2mo	$392,999	$195	49
2302 NE 7th Ave	0.44mi	3/2.0 (-1)	1,619 (-13%)	8mo	$318,000	$196	47
2012 NW Juanita Pl	0.67mi	4/2.0	1,617 (-13%)	1mo	$294,900	$182	47
343 NE 25th Ter	0.60mi	3/2.0 (-1)	1,639 (-12%)	2mo	$345,000	$210	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -21.9%
• Equity multiple: 0.26×
• Total profit: $-51,251
• Equity at exit: $37,127

10-year hold

• IRR: -26.2%
• Equity multiple: -0.08×
• Total profit: $-75,181
• Equity at exit: $21,529

Cash invested: $69,720 (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 33909

• Home prices YoY: -23.1%
• Rents YoY: -5.6%
• Active inventory: 1604
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,223 high
• Mortgage (P&I): −$1,306
• Tax from tax record: −$417 /mo · $5,004/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $-70

Break-even live

Break-even rent $2,312

Max offer price $236,555

Occupancy floor 98%

Sensitivity live

Price	-10% $71	-5% $0	+0% $-70	+5% $-141	+10% $-211
Rent	-10% $-246	-5% $-158	+0% $-70	+5% $17	+10% $105
Rate	-1.0pp $55	-0.5pp $-7	base $-70	+0.5pp $-135	+1.0pp $-201

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2024 NE 5th Ave Cape Coral, FL	4.0	2.0	1617	$1,850	$1.14	4d	1	0.10mi
1822 NE 4th Pl Cape Coral, FL	3.0	2.0	1684	$1,835	$1.09	25d	1	0.27mi
2107 NE 1st Pl Cape Coral, FL	4.0	2.0	1760	$1,895	$1.08	3d	1	0.35mi
1824 NE 7th Pl Cape Coral, FL	3.0	2.0	1592	$1,970	$1.24	15d	1	0.47mi
309 NE 17th St Cape Coral, FL	3.0	2.0	1850	$3,100	$1.68	25d	1	0.49mi
331 NE 25th St Cape Coral, FL	4.0	2.0	1565	$2,000	$1.28	25d	1	0.51mi
314 NE 17th St Cape Coral, FL	4.0	2.0	1734	$2,216	$1.28	4d	1	0.51mi
1913 NE Juanita Pl Cape Coral, FL	4.0	2.0	1695	$2,395	$1.41	16d	1	0.51mi
2034 NE 8th Pl Cape Coral, FL	4.0	2.0	1734	$1,900	$1.10	25d	1	0.55mi
1700 NE 6th Pl Cape Coral, FL	3.0	2.0	1556	$2,200	$1.41	25d	1	0.55mi
500 NE 16th Ter Cape Coral, FL	4.0	2.0	1695	$2,195	$1.29	25d	1	0.57mi
2205 NE 8th Pl Cape Coral, FL	3.0	2.0	1408	$2,200	$1.56	25d	1	0.60mi
2603 NE 4th Ave Cape Coral, FL	3.0	2.0	1356	$1,471	$1.08	4d	1	0.64mi
827 NE 23rd Ter Cape Coral, FL	4.0	2.0	1412	$1,850	$1.31	4d	1	0.69mi
2524 NE 1st Pl Cape Coral, FL	4.0	3.0	1683	$2,250	$1.34	25d	1	0.70mi
2620 NE 5th Ave Cape Coral, FL	3.0	2.0	1597	$3,500	$2.19	25d	1	0.71mi
530 NE 15th Ter Cape Coral, FL	3.0	2.0	1637	$2,106	$1.29	15d	1	0.72mi
2216 NE 10th Pl Cape Coral, FL	5.0	3.0	1836	$2,300	$1.25	25d	1	0.80mi
306 NE 14th Ter Cape Coral, FL	3.0	2.0	1410	$1,595	$1.13	12d	1	0.84mi
1414 NE 6th Ave Cape Coral, FL	4.0	2.0	1919	$2,195	$1.14	25d	1	0.85mi
101 NW 25th St Cape Coral, FL	4.0	2.0	1613	$1,900	$1.18	4d	1	0.89mi
2728 NE 6th Pl Cape Coral, FL	4.0	2.0	1760	$1,795	$1.02	3d	1	0.90mi
1100 NE 19th St Cape Coral, FL	3.0	2.0	1597	$1,900	$1.19	15d	1	0.91mi
36 NW 26th St Cape Coral, FL	3.0	2.0	1270	$1,990	$1.57	4d	1	0.93mi
1322 NE 2nd Pl Cape Coral, FL	3.0	2.0	1666	$1,900	$1.14	25d	1	0.93mi
1228 NE 4th Pl Cape Coral, FL	3.0	2.0	1860	$2,500	$1.34	25d	1	1.01mi
2227 NW 3rd Pl Cape Coral, FL	3.0	2.5	1771	$1,799	$1.02	25d	1	1.02mi
2227 NW 3rd Pl Cape Coral, FL	3.0	3.0	1771	$1,999	$1.13	16d	1	1.02mi
1221 NE 4th Ave Cape Coral, FL	3.0	2.0	1614	$1,995	$1.24	15d	1	1.02mi
214 NW 25th St Cape Coral, FL	3.0	2.0	1983	$2,100	$1.06	25d	1	1.03mi
1020 NE 15th Ln Cape Coral, FL	3.0	2.0	1250	$1,700	$1.36	25d	1	1.05mi
2616 NW 1st Pl Cape Coral, FL	4.0	2.0	1829	$1,946	$1.06	22d	1	1.06mi
221 NW 25th St Cape Coral, FL	3.0	2.0	1407	$1,780	$1.27	25d	1	1.06mi
324 NW 24th Ter Cape Coral, FL	3.0	2.0	1499	$2,500	$1.67	4d	1	1.13mi
2122 NE 13th Pl Cape Coral, FL	3.0	2.0	1279	$1,850	$1.45	25d	1	1.13mi
1217 Santa Barbara Blvd N Cape Coral, FL	3.0	2.0	1790	$2,300	$1.28	25d	1	1.15mi
101 NW 13th St Cape Coral, FL	3.0	2.0	1557	$2,150	$1.38	25d	1	1.18mi
2112 NE 14th Ave Cape Coral, FL	3.0	2.0	1472	$1,941	$1.32	4d	1	1.19mi
2925 NE 6th Ave Cape Coral, FL	4.0	2.0	1651	$2,000	$1.21	25d	1	1.20mi
1114 NE 3rd Ave Cape Coral, FL	3.0	2.0	1558	$2,750	$1.77	25d	1	1.23mi

Listing history 20 events

1. 2026-05-06
   status Pending
2. 2026-04-22
   listed $249,000 Active
3. 2024-01-31
   soldstatus $411,900 Closed 944-char remark

   Show marketing remark (944 chars)

   Home is CO. The Estero plan by LGI Homes is a spacious one-story retreat located within the picturesque community of Cape Coral North. This home features an open concept floor plan, 4 bedrooms and 2 full baths complete with unbelievable upgrades including paver driveway, impact resistant windows and doors, energy-efficient Whirlpool® appliances including a refrigerator with ice maker, spacious granite countertops, 36” upper cabinets with crown molding, undermount kitchen sink, Moen® faucets, convenient outlet with USB charging capability, brushed nickel hardware and an attached two-car garage with a WiFi-enabled garage door opener. The Estero showcases a master suite with a large walk-in closet, a spacious family room and a dining area, as well as a covered back patio and front yard landscaping. Cape Coral also provides residents with easy access to the best shopping, dining and entertainment Fort Myers has to offer.

4. 2023-11-27
   status Pending 944-char remark

   Show marketing remark (944 chars)

   Home is CO. The Estero plan by LGI Homes is a spacious one-story retreat located within the picturesque community of Cape Coral North. This home features an open concept floor plan, 4 bedrooms and 2 full baths complete with unbelievable upgrades including paver driveway, impact resistant windows and doors, energy-efficient Whirlpool® appliances including a refrigerator with ice maker, spacious granite countertops, 36” upper cabinets with crown molding, undermount kitchen sink, Moen® faucets, convenient outlet with USB charging capability, brushed nickel hardware and an attached two-car garage with a WiFi-enabled garage door opener. The Estero showcases a master suite with a large walk-in closet, a spacious family room and a dining area, as well as a covered back patio and front yard landscaping. Cape Coral also provides residents with easy access to the best shopping, dining and entertainment Fort Myers has to offer.

5. 2023-11-17
   price $411,900 944-char remark

   Show marketing remark (944 chars)

   Home is CO. The Estero plan by LGI Homes is a spacious one-story retreat located within the picturesque community of Cape Coral North. This home features an open concept floor plan, 4 bedrooms and 2 full baths complete with unbelievable upgrades including paver driveway, impact resistant windows and doors, energy-efficient Whirlpool® appliances including a refrigerator with ice maker, spacious granite countertops, 36” upper cabinets with crown molding, undermount kitchen sink, Moen® faucets, convenient outlet with USB charging capability, brushed nickel hardware and an attached two-car garage with a WiFi-enabled garage door opener. The Estero showcases a master suite with a large walk-in closet, a spacious family room and a dining area, as well as a covered back patio and front yard landscaping. Cape Coral also provides residents with easy access to the best shopping, dining and entertainment Fort Myers has to offer.

6. 2023-10-18
   price $409,900 944-char remark

   Show marketing remark (944 chars)

   Home is CO. The Estero plan by LGI Homes is a spacious one-story retreat located within the picturesque community of Cape Coral North. This home features an open concept floor plan, 4 bedrooms and 2 full baths complete with unbelievable upgrades including paver driveway, impact resistant windows and doors, energy-efficient Whirlpool® appliances including a refrigerator with ice maker, spacious granite countertops, 36” upper cabinets with crown molding, undermount kitchen sink, Moen® faucets, convenient outlet with USB charging capability, brushed nickel hardware and an attached two-car garage with a WiFi-enabled garage door opener. The Estero showcases a master suite with a large walk-in closet, a spacious family room and a dining area, as well as a covered back patio and front yard landscaping. Cape Coral also provides residents with easy access to the best shopping, dining and entertainment Fort Myers has to offer.

7. 2023-09-07
   price $414,900 944-char remark

   Show marketing remark (944 chars)

   Home is CO. The Estero plan by LGI Homes is a spacious one-story retreat located within the picturesque community of Cape Coral North. This home features an open concept floor plan, 4 bedrooms and 2 full baths complete with unbelievable upgrades including paver driveway, impact resistant windows and doors, energy-efficient Whirlpool® appliances including a refrigerator with ice maker, spacious granite countertops, 36” upper cabinets with crown molding, undermount kitchen sink, Moen® faucets, convenient outlet with USB charging capability, brushed nickel hardware and an attached two-car garage with a WiFi-enabled garage door opener. The Estero showcases a master suite with a large walk-in closet, a spacious family room and a dining area, as well as a covered back patio and front yard landscaping. Cape Coral also provides residents with easy access to the best shopping, dining and entertainment Fort Myers has to offer.

8. 2023-08-24
   price $411,900 944-char remark

   Show marketing remark (944 chars)

   Home is CO. The Estero plan by LGI Homes is a spacious one-story retreat located within the picturesque community of Cape Coral North. This home features an open concept floor plan, 4 bedrooms and 2 full baths complete with unbelievable upgrades including paver driveway, impact resistant windows and doors, energy-efficient Whirlpool® appliances including a refrigerator with ice maker, spacious granite countertops, 36” upper cabinets with crown molding, undermount kitchen sink, Moen® faucets, convenient outlet with USB charging capability, brushed nickel hardware and an attached two-car garage with a WiFi-enabled garage door opener. The Estero showcases a master suite with a large walk-in closet, a spacious family room and a dining area, as well as a covered back patio and front yard landscaping. Cape Coral also provides residents with easy access to the best shopping, dining and entertainment Fort Myers has to offer.

9. 2023-07-20
   status Active 944-char remark

   Show marketing remark (944 chars)

   Home is CO. The Estero plan by LGI Homes is a spacious one-story retreat located within the picturesque community of Cape Coral North. This home features an open concept floor plan, 4 bedrooms and 2 full baths complete with unbelievable upgrades including paver driveway, impact resistant windows and doors, energy-efficient Whirlpool® appliances including a refrigerator with ice maker, spacious granite countertops, 36” upper cabinets with crown molding, undermount kitchen sink, Moen® faucets, convenient outlet with USB charging capability, brushed nickel hardware and an attached two-car garage with a WiFi-enabled garage door opener. The Estero showcases a master suite with a large walk-in closet, a spacious family room and a dining area, as well as a covered back patio and front yard landscaping. Cape Coral also provides residents with easy access to the best shopping, dining and entertainment Fort Myers has to offer.

10. 2023-07-17
    status Pending 944-char remark

    Show marketing remark (944 chars)

    Home is CO. The Estero plan by LGI Homes is a spacious one-story retreat located within the picturesque community of Cape Coral North. This home features an open concept floor plan, 4 bedrooms and 2 full baths complete with unbelievable upgrades including paver driveway, impact resistant windows and doors, energy-efficient Whirlpool® appliances including a refrigerator with ice maker, spacious granite countertops, 36” upper cabinets with crown molding, undermount kitchen sink, Moen® faucets, convenient outlet with USB charging capability, brushed nickel hardware and an attached two-car garage with a WiFi-enabled garage door opener. The Estero showcases a master suite with a large walk-in closet, a spacious family room and a dining area, as well as a covered back patio and front yard landscaping. Cape Coral also provides residents with easy access to the best shopping, dining and entertainment Fort Myers has to offer.

11. 2023-05-09
    price $414,900 944-char remark

    Show marketing remark (944 chars)

    Home is CO. The Estero plan by LGI Homes is a spacious one-story retreat located within the picturesque community of Cape Coral North. This home features an open concept floor plan, 4 bedrooms and 2 full baths complete with unbelievable upgrades including paver driveway, impact resistant windows and doors, energy-efficient Whirlpool® appliances including a refrigerator with ice maker, spacious granite countertops, 36” upper cabinets with crown molding, undermount kitchen sink, Moen® faucets, convenient outlet with USB charging capability, brushed nickel hardware and an attached two-car garage with a WiFi-enabled garage door opener. The Estero showcases a master suite with a large walk-in closet, a spacious family room and a dining area, as well as a covered back patio and front yard landscaping. Cape Coral also provides residents with easy access to the best shopping, dining and entertainment Fort Myers has to offer.

12. 2023-03-16
    listed $408,900 Active 944-char remark

    Show marketing remark (944 chars)

    Home is CO. The Estero plan by LGI Homes is a spacious one-story retreat located within the picturesque community of Cape Coral North. This home features an open concept floor plan, 4 bedrooms and 2 full baths complete with unbelievable upgrades including paver driveway, impact resistant windows and doors, energy-efficient Whirlpool® appliances including a refrigerator with ice maker, spacious granite countertops, 36” upper cabinets with crown molding, undermount kitchen sink, Moen® faucets, convenient outlet with USB charging capability, brushed nickel hardware and an attached two-car garage with a WiFi-enabled garage door opener. The Estero showcases a master suite with a large walk-in closet, a spacious family room and a dining area, as well as a covered back patio and front yard landscaping. Cape Coral also provides residents with easy access to the best shopping, dining and entertainment Fort Myers has to offer.

13. 2021-07-01
    soldstatus $220,000
14. 2021-05-05
    soldstatus $40,000
15. 2021-04-30
    soldstatus $20,000 Closed 1002-char remark

    Show marketing remark (1002 chars)

    CORNER LOT with Eastern Exposure in unit 36. New Construction built nearby! City shows this lot is NOT in a Special Flood Hazard Area. EVERYONE IS MOVING TO SUNNY SW FLORIDA!!! City of blue skies, lots of sunshine and beautiful palm trees. Imagine building your dream home in this lovely community and living the Paradise dream. .. . Or keep it as an INVESTMENT as we watch the City grow!!! Cape Coral offers Saltwater Boating Access from different Community Boat Ramps located throughout the city, which gives boating access to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand and more. .. Not to mention. .. this area offers some of the best fishing to be found anywhere in the world. You'll love that this lot is about 5 mile to Coral Oaks 18-hole Championship Golf Course. And easy access to the Fort Myers International airport only about 28 miles away and Punta Gorda Airport about 22 miles. PRICES ARE ON THE RISE so hurry and call today!

16. 2021-03-29
    status Pending 1002-char remark

    Show marketing remark (1002 chars)

    CORNER LOT with Eastern Exposure in unit 36. New Construction built nearby! City shows this lot is NOT in a Special Flood Hazard Area. EVERYONE IS MOVING TO SUNNY SW FLORIDA!!! City of blue skies, lots of sunshine and beautiful palm trees. Imagine building your dream home in this lovely community and living the Paradise dream. .. . Or keep it as an INVESTMENT as we watch the City grow!!! Cape Coral offers Saltwater Boating Access from different Community Boat Ramps located throughout the city, which gives boating access to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand and more. .. Not to mention. .. this area offers some of the best fishing to be found anywhere in the world. You'll love that this lot is about 5 mile to Coral Oaks 18-hole Championship Golf Course. And easy access to the Fort Myers International airport only about 28 miles away and Punta Gorda Airport about 22 miles. PRICES ARE ON THE RISE so hurry and call today!

17. 2021-03-27
    listed $22,000 Active 1002-char remark

    Show marketing remark (1002 chars)

    CORNER LOT with Eastern Exposure in unit 36. New Construction built nearby! City shows this lot is NOT in a Special Flood Hazard Area. EVERYONE IS MOVING TO SUNNY SW FLORIDA!!! City of blue skies, lots of sunshine and beautiful palm trees. Imagine building your dream home in this lovely community and living the Paradise dream. .. . Or keep it as an INVESTMENT as we watch the City grow!!! Cape Coral offers Saltwater Boating Access from different Community Boat Ramps located throughout the city, which gives boating access to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand and more. .. Not to mention. .. this area offers some of the best fishing to be found anywhere in the world. You'll love that this lot is about 5 mile to Coral Oaks 18-hole Championship Golf Course. And easy access to the Fort Myers International airport only about 28 miles away and Punta Gorda Airport about 22 miles. PRICES ARE ON THE RISE so hurry and call today!

18. 2015-06-22
    soldstatus $11,750
19. 2015-02-04
    soldstatus $209,500
20. 2009-08-26
    soldstatus $5,500

ⓘ 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: $5,004 · $417/mo
• Projected year-2 tax: $5,004 · $417/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 2/10 Low FEMA zone X (unshaded) · 3% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 31 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: $26,674
• − Mortgage interest: −$13,948
• − Property taxes: −$5,004
• − Insurance: −$1,245
• − Repairs & maintenance: −$2,134
• − Management: −$2,134
• − Depreciation: −$7,244
• Taxable loss: −$5,034
• Est. tax savings @ 24.0%: +$1,208
• After-tax cash flow: $363/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): 40,231
• Household income: $73,053
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 1657.0

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 0.55)
• Race & ethnicity: White 56% Hispanic / Latino 36% Two or more races 24% Black 3% Asian 1%
• Hispanic origin (detail): Puerto Rican 7% Cuban 14% Dominican 4%
• Common ancestry: Romanian 2% Lithuanian 2% Serbian 1%
• Foreign-born: 20% · Canada, Jamaica
• Languages at home: 69% English-only · Spanish 27% Other Indo-European 1% German/W. Germanic 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: ▼ -94.24%
• Current HPI: 313.8761
• Rent YoY: ▼ -5.60%
• 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

+4427.3% since first listed

20 events — show timeline

• 2026-05-06 Pending — FORTMLS
• 2026-04-22 Listed $249,000 FORTMLS
• 2024-01-31 Sold (MLS) $411,900 FORTMLS
• 2023-11-27 Pending — FORTMLS
• 2023-11-17 Price Changed $411,900 FORTMLS
• 2023-10-18 Price Changed $409,900 FORTMLS
• 2023-09-07 Price Changed $414,900 FORTMLS
• 2023-08-24 Price Changed $411,900 FORTMLS
• 2023-07-20 Relisted — FORTMLS
• 2023-07-17 Pending — FORTMLS
• 2023-05-09 Price Changed $414,900 FORTMLS
• 2023-03-16 Listed $408,900 FORTMLS
• 2021-07-01 Sold (Public Records) $220,000 Public Records
• 2021-05-05 Sold (Public Records) $40,000 Public Records
• 2021-04-30 Sold (MLS) $20,000 FORTMLS
• 2021-03-29 Pending — FORTMLS
• 2021-03-27 Listed $22,000 FORTMLS
• 2015-06-22 Sold (Public Records) $11,750 Public Records
• 2015-02-04 Sold (Public Records) $209,500 Public Records
• 2009-08-26 Sold (Public Records) $5,500 Public Records

Property tax history

+27.7%/yr

Latest (2025): $5,004 · -7.2% YoY. Source: county tax records.