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3802 1st Terrace, Cape Coral
New construction
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NW CAPE · 33991

3802 1st Terrace

Cape Coral, FL 33991

$395,000
New construction Reduced $45K Zone AE

$197 / sq ft · 299 days on market

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  • 3 Beds
  • 2 Baths
  • 2,009 Sq ft
  • 2024 Built
  • 0.23 ac Lot

How this home is priced

List price $395,000, measured against the last 120 days of new-construction closings in Cape Coral — comparable new builds are closing in about 106 days.

$197

Per sq ft

Sold median $231

-1.2%

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, Assessment Unpaid
Sewer
Assessment Paid, Assessment Unpaid
Utility assessment
Unpaid — on record

Unpaid utility assessment on record. An unpaid balance is recorded against this property. Confirm the amount and who pays it at closing.

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

Investors just drop price and it wont be longer on the market. Beautiful New Construction Home in SW Cape Coral – 3 Bed + Den / 2 Bath / 2-Car Garage Discover modern living in this brand-new 3-bedroom, 2-bathroom home with a dedicated office/den, perfectly situated in the desirable SW Cape Coral area. Surrounded by beautiful homes with Gulf-access canals, this property offers an exceptional location and a welcoming neighborhood feel. Step inside to an open-concept layout featuring excellent finishes, elegant flooring, and a stylish kitchen with quartz countertops, stainless steel appliances, soft-close cabinetry, and a spacious island ideal for gatherings. The home boasts beautifully designed bathrooms, showcasing premium tile work, modern fixtures, and a spa-like ambiance. The primary suite provides a private retreat with a large walk-in closet and a luxurious ensuite bathroom. The additional bedrooms are well-sized and filled with natural light, offering comfort for family or guests. A covered lanai provides the perfect spot for relaxing or entertaining outdoors, with plenty of space to add a future pool. With a 2-car garage, contemporary design, and high-quality construction, this home is truly move-in ready. Located close to shopping, dining, and some of Cape Coral’s most scenic waterways, this property offers the best of Florida living in a rapidly growing and highly desirable neighborhood

Home features

Bedrooms
3
Bathrooms
2
Living area
2,009 sqft
Garage
2-car
Pool
No
Waterfront
No
Lot
0.23 acres
Stories
1
Year built
2024

Property details

MLS #
1146442205
Status
Active · New construction
MLS status
Active
Property type
Single-family residence
Subdivision
CAPE CORAL
Listed
Nov 17, 2025
Days on market
299
ZIP
33991
County
Lee County
Water
Assessment Paid, Assessment Unpaid
Sewer
Assessment Paid, Assessment Unpaid

Location

Open in Maps
AG

Listing agent

Andres Guarin

Universe Realty Group, 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 Universe Realty Group, Inc.

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