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Bean Group
Offered at $369,500Active
beds
3
baths
2
sq ft
1,873
Built
1988

420 SE 15th Terrace

Cape Coral, FL 33990

About this home

**GREAT INVESTMENT OPPORTUNITY – NOT IN A FLOOD ZONE X – TENANT IN PLACE – SOUTHERN EXPOSURE WATERFRONT HOME!** Fantastic investment opportunity! Beautiful **concrete block waterfront home** with 3 bedrooms, 2 baths, 2-car garage and southern exposure on a freshwater canal. Tenant in place through **April 1st, paying $1,950/month and taking care of the lawn.** Start collecting rental income immediately while owning a beautifully updated waterfront property! Located in ** Not In Flood Zone X**, with **city water and sewer**, canal views, brick paver driveway and a **fully fenced property**. White vinyl fencing in front and Left Side with chain-link fencing along the right sides and rear provides security for pets and family while preserving the water views. A HUGE highlight is the **2025 stone-coated STEEL ROOF that looks like beautiful tile!** Get the upscale appearance of tile with the strength, durability and benefits of a metal roof—a combination that can be favorable from an insurance standpoint. **3-nail roof strapping** was also completed in 2025 to help with insurance rates. Seller would prefer to keep this income-producing property but needs to sell to complete another property, creating a great opportunity for the next owner. Enter through double doors into a spacious home with high ceilings, tile throughout the main living areas and **hurricane-impact windows, doors and sliders**. Huge living room with recessed lighting and a 3-panel impact-glass pocket slider opening to the lanai for true indoor-outdoor living. Remodeled kitchen features **quartz countertops, real wood cabinets**, U-shaped counter, large pantry and spacious dining area with bay windows. Bedrooms feature waterproof luxury vinyl plank flooring. Primary suite has double sliders to the oversized lanai and a remodeled spa-like bath with quartz vanity, walk-in shower, decorative stone accents, built-in niches, handheld and rain showers, plus LED lighting. Remodeled guest bath offers quartz countertop, real wood cabinetry and tub/shower. Outside, enjoy a **large concrete patio, southern exposure and freshwater canal views**, perfect for entertaining, barbecuing and relaxing. Interior laundry with newer washer/dryer, storage shed and 2-car garage with insulated hurricane-rated garage door. **UPGRADES:** **2026** New hot water heater. **2025** Stone-coated steel roof, 3-nail strapping, remodeled kitchen & baths, quartz counters, real wood cabinets, waterproof vinyl plank bedroom flooring, interior & exterior painted. **2022** New A/C with UV lighting. **2017** High-impact windows, doors & sliders; paver driveway. **2014** Re-piped with CPVC. Close to **schools, shopping, dining, restaurants, hospitals and everyday conveniences.** Immediate rental income, major upgrades, Flood Zone X, city water/sewer, full fencing, southern exposure and canal frontage. **GREAT INVESTMENT AT A GREAT PRICE – DON'T MISS OUT!**

Listing last checked: Listing updated:

Listed by Edward Schiff · Schiff Realty, Inc · MLS #2026033240

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Details at a glance

Interior4 property facts
Rooms
0
Heating
Central, Electric
Cooling
Central Air, Ceiling Fan(s), Electric
Flooring
Tile, Vinyl
Building4 property facts
Style
Single Family Residence
Year built
1988
Garage
2
Roof
Metal
Land & utilities4 property facts
Lot size
0.23 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Financial3 property facts
Annual taxes
$6,700
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $369,500 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,427 / monthAdjust
Principal & interest
$1,868
Property tax
$558
Insurance
Not entered
HOA
$0

Listing annual taxes: $6,700. 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. New

    $2,000 · Sep 30, 2026

  2. New

    $339,500 · Aug 10, 2026

  3. Lsd

    $1,950 · Sold $1,950 · Mar 23, 2026

  4. Ter

    $346,950 · Nov 15, 2025

  5. Sld

    $385,000 · Sold $370,000 · Mar 29, 2024

  6. Sld

    $70,000 · Sold $70,000 · Jun 9, 2009

  7. Sld

    $89,900 · Sold $81,900 · May 6, 2009

  8. Lsd

    $995 · Sold $995 · Dec 15, 2008

  9. Lsd

    $1,000 · Sold $1,000 · Nov 5, 2007

  10. Sld

    $223,900 · Sold $220,000 · Jun 27, 2006

  11. Sld

    $349,000 · Sold $349,000 · Jun 5, 2005

  12. Sld

    $63,900 · Sold $63,900 · Jul 7, 2004

  13. Sld

    $164,900 · Sold $162,500 · May 14, 2004

More property insights

Comparable properties 3 supplied

Sold Aug 31, 2026

$355,000

432 SE 17th Street

Sold Jun 30, 2026

$387,500

1702 SE 5th Court

Sold Sep 4, 2026

$345,000

221 SE 10th Terrace

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About 420 SE 15th Terrace

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