850 SE 1st Terrace Cape Coral, FL $ 300,000
850 SE 1st Terrace
$ 300,000
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850 SE 1st Terrace

Cape Coral, FL, 33990
$ 300,000
Bedrooms2 Baths2.0 Sq 1,815

Monthly Estimate*

$ 1,894

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Single Family Home for sale in Cape Coral, FL

for $300,000 with 2 bedrooms and 2 full baths. This 1,815 square foot home was built in 1988 on a lot size of 0.23.

THE ULTIMATE BOGO—BUY THE LAKEFRONT LOT AND GET THE HOUSE! Okay, maybe not literally, but when a property on beautiful Shamrock Lake is priced this close to lot value AND comes with a cute saltbox-style home with a new roof, impact windows, updated kitchen, two-car garage, in-ground spa and an unfinished second floor with even more potential…you have to admit, that’s one heck of an opportunity! This one is all about LOCATION, VALUE and POSSIBILITY—and there’s plenty of all three. Inside, 10’ ceilings and a greatroom-style floorplan give the home an open, airy feel, while large 8’ pocketing sliders put that LAKE VIEW front and center. The kitchen has already received a stylish refresh with white wood shaker cabinetry featuring tongue-and-groove construction and soft-close features, white and gray granite countertops and a stunning backsplash. The home currently offers two bedrooms, each with the privacy of its own bathroom, including an en-suite arrangement with walk-in closet and several updates. But here’s where the POTENTIAL gets even more interesting—the unfinished second floor is already pre-plumbed and pre-wired and may offer the opportunity to create an additional bedroom, loft/study and/or bathroom. Bring your ideas and imagine what this home could become! Outside, the extended lanai is all about enjoying the Florida lifestyle and those wide-open lake views. There’s even a large in-ground concrete spa for soaking, relaxing and taking it all in. And Shamrock Lake isn’t just a pretty view—it’s your gateway to adventure! Head out from your own backyard and explore Cape Coral’s connected freshwater lakes and canals, whether you’re fishing, kayaking, boating, bird watching or simply enjoying an afternoon playing on the water. Newer impact-glass windows add another valuable improvement, while electric roll-down Kevlar shutters protect your patio furniture and lanai. The two-car garage features a newer hurricane-reinforced garage door. Thanks to Hurricane Ian this lovely home has NEW vinyl siding, NEW gutters and a NEW 2024 dimensional-shingle roof. The home was repiped several years ago, the water heater is NEW in 2026 and the HVAC is approximately 10–11 years old. City water and sewer are IN AND PAID. Even better, the property is not located in a mandatory flood insurance zone and experienced no water intrusion from any storms. CAPE CORAL is known for its 400 miles of canals—more than any other city in the world—Cape Coral offers boating, fishing, kayaking, waterfront dining, golf, parks, recreation and sunshine in abundance. With easy access to Fort Myers, area beaches, airports and all that Southwest Florida has to offer, it’s easy to understand why so many people love calling the Cape home. Shamrock Lake is your playground to explore, you can fish, kayak, boat, bird watch or simply sit back and enjoy the view. Come for the LAKEFRONT LOT, stay for all the possibilities…and decide for yourself if this might just be Cape Coral’s ultimate BOGO!

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Single Family Active

Price

$ 300,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 1,141

Style

Other

Lot Size

0.23

Year Built

1988

Town/City

Cape Coral

County/Region

Lee

MLS | Web ID

2026034208

Features
General
Sewer Assessment Paid Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available High Speed Internet Available
Possession Close Of Escrow
Roof Shingle
Appliances Dryer Dishwasher Microwave Range Refrigerator Washer
HOA Fee 0
Garage Spaces 2
Association Fee Includes None
Patio/Porch Features Lanai Porch Screened
Architectural Style Other
Security Features Security System Owned Security System
Construction Materials Vinyl Siding Wood Frame
Pets Allowed Yes
Year Built 1988
View Lake Water
Property Subtype Single Family Residence
Tax Year 2025
Ownership Single Family
Waterfront Features Lake Navigable Water Seawall Across the Road Water Frontage
Community Features Boat Facilities Non-Gated
HOA Fee 2 0
County Lee
Property Type Residential
Association Amenities None
HOA false
Attached Garage true
Subdivision Name CAPE CORAL
Facing Direction South
Garage Y/N true
Full Baths 2
Status Active
Directions North on Se 8th Pl to East on SE 1st Ter. Property is on the left.
City Cape Coral
Disclosures RV Restriction(s) Seller Disclosure
Land Lease Amount 0
Senior Community Y/N false
Zoning Description R1
MLS Area CC14 - Cape Coral Unit 16 18 22-
Lot Size Units Acres
Carport Spaces 0
Carport Y/N false
Spa Features Gunite In Ground Screened
Tax Annual Amount 1141.27
Property Condition Resale
Virtual Tour https://tours.realestatephotos360.com/s/idx/333765 https://tours.realestatephotos360.com/s/idx/333772
Standard Status Active
Tax Lot 24 + 25
Property Sub Type Additional Single Family Residence
Legal Description CAPE CORAL UNIT 16 BLK 1478 PB 13 PG 86 LOTS 24 + 25
HOA Fee 3 0
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Interior
Interior Amenities Breakfast Bar Bedroom on Main Level Entrance Foyer High Ceilings Living/Dining Room Main Level Primary Multiple Primary Suites Shower Only Separate Shower Walk-In Closet(s) Window Treatments Split Bedrooms
Flooring Carpet Tile
Furnished Y/N Unfurnished
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Window Features Single Hung Impact Glass Window Coverings
Half Baths 0
Laundry Features Inside Laundry Tub
Total Bedrooms 2
Entry Level 1
Room Type Other Screened Porch Great Room
Total Baths 2
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Exterior
Exterior Amenities Sprinkler/Irrigation Room For Pool Shutters Electric Shutters Manual
Parking Features Attached Garage Garage Door Opener
Lot Features Rectangular Lot Sprinklers Automatic
Water Source Assessment Paid Public
Lot Size Area 0.23
Spa true
Building Area Total 4867
Lot Dimensions 80 x 125 x 80 x 125
Lot Size Acres 0.23
Private Pool false
Lot Size Source Appraiser
Waterfront Y/N true
Covered Spaces 2
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Paula Hellenbrand

Listing Agent

Encore Realty Services Inc

Broker

paula@encorerealty.com

Email

Affordability Calculator

$1,989
Per Month
95%
5%
0%
Monthly Principal & Interest
$1,894
Monthly Property Taxes
$95
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/17/2026$300,000 Listed Price

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850 SE 1st Terrace, Cape Coral, FL, 33990 is a Single Family Home for sale at $300,000 with 1,815 sqft and a lot size of 0.23. 850 SE 1st Terrace has 2 bedrooms, 2.0 baths, and was built in 1988. The property's zip code is 33990 which is in Cape Coral, FL