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2304 38th Terrace, Cape Coral
New construction
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SW CAPE · 33914 · Canal

2304 38th Terrace

Cape Coral, FL 33914

$1,199,000
New construction Reduced $50K Zone AE

$484 / sq ft · 110 days on market

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  • 3 Beds
  • 3 Baths
  • 2,476 Sq ft
  • 2025 Built
  • 0.23 ac Lot

How this home is priced

List price $1,199,000, measured against the last 120 days of new-construction closings in Cape Coral — comparable new builds are closing in about 106 days.

$484

Per sq ft

Sold median $231

+199.8%

vs median sold

$400K median

106 days

Median days to close

New construction

99.1%

Sold-to-list

Typical negotiation

Builder & community

Builder
Community
CAPE CORAL
Subdivision
CAPE CORAL
MLS status
Active
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Utilities & assessments

Cape Coral's Utilities Extension Project converts well-and-septic streets to city water; the assessment follows the property.

Water
Assessment Paid
Sewer
Assessment Paid
Utility assessment
None on record

Source: MLS. Verify current and future utility assessment status with the City of Cape Coral and the seller.

Flood zone Zone AE

1% annual-chance flood zone. New construction is built to current base-flood elevation, which is why new homes here often insure for a fraction of older ones. Read the flood-zone guide.

About this home

Welcome to this brand-new, modern Gulf Access Home, perfectly positioned on an intersecting canal with sought after southern rear exposure, delivering sun-filled days and breathtaking water views all year around. This thoughtful designed residence offers 3 spacious bedrooms, 3 full bathrooms and a large den, providing flexibility for family living, guests or a home office. The open-concept layout centers a great kitchen with a generous center island, seamlessly flowing into the dining area where large picture windows frame the canal intersecting and flood the space with natural light. Expansive 10 ft zero corner sliders blur the line between indoor and outdoor living, opening to a lanai and oversized pool deck designed for true Florida enjoyment. Outside you'll find a large pool, spa and sun shelf, creating the perfect setting for relaxing, entertaining or soaking up the sun all year long. Weather you are looking for a primary residence, a seasonal retreat or a high performing vacation rental, this waterfront home checks all the boxes - modern design, prime exposure and an unbeatable view.

Home features

Bedrooms
3
Bathrooms
3
Living area
2,476 sqft
Garage
3-car
Pool
Pool & spa
Waterfront
Canal Access, Intersecting Canal, Seawall
Lot
0.23 acres
Stories
1
Year built
2025

Property details

MLS #
1167343073
Status
Active · New construction
MLS status
Active
Property type
Single-family residence
Subdivision
CAPE CORAL
Listed
May 25, 2026
Days on market
110
ZIP
33914
County
Lee County
Water
Assessment Paid
Sewer
Assessment Paid

Location

Open in Maps
KA

Listing agent

Karl Aschenbrenner

Premier Cape Realty Inc.

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The data relating to real estate for sale on this website comes in part from the Southwest Florida MLS. Real estate listings held by brokerage firms other than the listing broker are marked with the IDX logo. Information deemed reliable but not guaranteed. © 2026 Southwest Florida MLS. Listing courtesy of Premier Cape Realty Inc..

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