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$699,000
Monthly Est:$3,479
3 Beds
- 3 Baths
3 full baths
2,217sqft
148 SW 38th Terrace, Cape Coral, FL 33914
$699,000
$3,479/moEst:
Get Pre-Approved
Single Family Residence
Built in 2003
$-- HOA
0.31 acre lot
$315/sq.ft
Description
Discover a truly unique waterfront property in desirable Southwest Cape Coral, situated at the end of a quiet dead-end street with 225 feet of seawall and waterfront on both sides of the oversized lot. With intersecting canal views, southern exposure, and Gulf access, this exceptional property offers an incredible waterfront lifestyle and boating opportunity.
The spacious residence features 3 bedrooms, 3 bathrooms, and over 2,200 square feet of living area, with an inviting open-concept floor plan designed for comfortable living and entertaining. The main living area showcases impressive vaulted 14 ft ceilings, tile flooring throughout, and a bright, open feel. The kitchen offers a breakfast bar, stainless steel appliances, and an easy connection to the living spaces.
A versatile additional living area currently features a pool table but could easily be used as a formal dining room, game room, office, or flexible entertainment space. The spacious primary suite is a private retreat, offering direct access to the pool area, two walk-in closets, dual sinks, a separate water closet, a soaking tub, and a walk-in shower.
Two additional guest bedrooms and two additional bathrooms provide plenty of space for family and guests. A dedicated laundry room includes Samsung front-load washer and dryer.
Step outside and enjoy an impressive waterfront oasis featuring a heated pool and spa, an expansive pool deck, and a large covered lanai with plenty of room for outdoor dining and lounging. The oversized lot is the true centerpiece of the property, with waterfront along both sides, two boat lifts, and a catwalk on each side, providing exceptional access and flexibility for boating enthusiasts. The stunning intersecting canal views and southern exposure create a spectacular setting for enjoying Southwest Florida sunsets and outdoor living.
Offered turnkey, this property presents an outstanding opportunity as a primary residence, second home, or investment property. A rare combination of an oversized dual-waterfront lot, Gulf access, extensive seawall, boating amenities, heated pool and spa, and a prime Southwest Cape Coral location makes this property one you won't want to miss.
- Houzeo last checked: 8 minutes ago
- Listing updated: September 20, 2026 at 4:50 pm
- Listing Provided by: Nadja Brunner (239) 257-9917 DRE #258019294 | Century 21 Sunbelt Realty (239) 542-8611
- Source: Florida Gulf Coast MLS, Fort Myers-FL | MLS#: 2026038013

Property Details
Status
Pending
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
Year Built
2003
HOA Fees
-
Finished Area
2,217 sqft
Lot Size
0.31 acre lot
Basement Area
- sqft
MLS Name
Florida Gulf Coast MLS, Fort Myers
MLS Number
2026038013
MLS Status
Pending
Days on Market
48
Cumulative Days on Market
4

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Interior
Flooring
Tile
Appliances
Dryer, Disposal, Ice Maker, Microwave, Range, Refrigerator, Refrigerator With Ice Maker, Washer
Interior Features
Breakfast Bar, Bathtub, Cathedral Ceilings, Separate Formal Dining Room, Dual Sinks, High Ceilings, Kitchen Island, Living Dining Room, Custom Mirrors, Pantry, Separate Shower, Cable Tv, Vaulted Ceilings, Walk In Closets, Window Treatments, Split Bedrooms
Sewer
Assessment Paid, Public Sewer
Window Features
Double Hung, Sliding, Window Coverings
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central, Electric
Exterior Features
Sprinkler Irrigation, Patio, Shutters Manual
Construction
Year Built
Year Built: 2003
Home type
Single Family Residence
Architectural Style
Ranch, One Story
Construction Materials
Block, Concrete, Stucco
Property Condition
Resale
Roof
Tile
Utilities & Energy
Water Source
Assessment Paid, Public
Laundry Features
Washer Hookup, Dryer Hookup, Inside
Parking Features
Attached, Garage, Garage Door Opener
Pool Features
Concrete, In Ground, Screen Enclosure
Association Amenities
None
Utilities
Cable Not Available
Other Features
Lot Features
Corner Lot, Dead End, Irregular Lot, Oversized Lot, Sprinklers Automatic
Patio And Porch Features
Lanai, Patio, Porch, Screened
Disclosures
Owner Has Flood Insurance, Rv Restrictions
Community Features
Non Gated
Subdivision Name
Cape Coral
Price History
| Date | Event | Price |
|---|---|---|
09/20/2026 Source: | Pending | $699,000 $315/sqft |
09/16/2026 Source: | Listed for Sale | $699,000 $315/sqft |
Pelican Ranks #4 in Cape Coral, FL
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Based on information from the Florida Gulf Coast Multiple Listing Service, Inc. through Nov 04, 2026, 05:00AM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some IDX listings have been excluded from this website. © 2026 Florida Gulf Coast Multiple Listing Service - All Rights Reserved.
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