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Bean Group
Offered at $560,000Active
beds
4
baths
2
sq ft
1,996
Built
2007

223 NW 5th Terrace

Cape Coral, FL 33993

About this home

Welcome to one of the best values in Cape Coral! Situated on an incredible ½-acre fenced waterfront lot with 165 feet of freshwater canal frontage, this extensively renovated 4-bedroom, 2-bath pool home offers features that are nearly impossible to find at this price. Best of all, ALL CITY ASSESSMENTS ARE PAID and the home is located in a NON-FLOOD ZONE, saving you thousands. Every inch of this home has been thoughtfully updated, featuring gorgeous porcelain tile throughout, fresh interior paint, beautifully remodeled bathrooms, and a designer kitchen with all-wood cabinetry, custom storage, a coffee and wine bar, and built-in wine cooler. The attention to detail and pride of ownership are evident from the moment you walk in. Outside is where this property truly stands apart. Enjoy your private pool and hot tub, relax under the Sunbrella electric shade, or take advantage of the massive fenced backyard with room to store your boat, RV, trailer, and all your toys behind the privacy fence. A dedicated dog run, mature mango, banana, and avocado trees, and a brand-new 165-foot seawall complete this one-of-a-kind outdoor retreat. Major upgrades include paid-off solar panels, whole-house reverse osmosis, a 2-year-old A/C, impact sliding glass doors, plantation shutters, accordion hurricane shutters, Kevlar garage screen, epoxy garage floor, and an electric tankless water heater. Renovated. Waterfront. Half-acre lot. Assessments paid. Opportunities like this are exceptionally rare—don't miss your chance to own one of Cape Coral's most unique and move-in-ready waterfront properties.

Listing last checked: Listing updated:

Listed by Jenn Spears, Bob Ashworth · RE/MAX Realty Team · MLS #2026019246

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Details at a glance

Interior3 property facts
Heating
Central, Electric
Cooling
Central Air, Electric
Flooring
Tile
Building4 property facts
Style
Single Family Residence
Year built
2007
Garage
3
Roof
Built-Up, Flat, Shingle
Land & utilities4 property facts
Lot size
0.4591 acres
Water
AssessmentPaid
Sewer
AssessmentPaid
Waterfront
Y
Financial3 property facts
Annual taxes
$1,285
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $560,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,939 / monthAdjust
Principal & interest
$2,832
Property tax
$107
Insurance
Not entered
HOA
$0

Listing annual taxes: $1,285. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.

Partial estimate: add insurance to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Sld

    $307,500 · Sold $305,000 · Mar 7, 2019

  2. Sld

    $179,000 · Sold $177,000 · Nov 3, 2009

  3. Sld

    $130,900 · Sold $128,000 · Nov 1, 2005

  4. Sld

    $79,000 · Sold $79,000 · Aug 27, 2004

More property insights

Comparable properties 3 supplied

Sold Sep 30, 2026

$530,000

1833 NW 7th Avenue

Sold Sep 24, 2026

$605,000

428 SW 35th Street

Sold Sep 8, 2026

$515,000

9629 Gladiolus Preserve Circle

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About 223 NW 5th Terrace

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