Cape Coral Homes under $500,000

Cape Coral Homes under $500,000

Welcome to Cape Coral, Florida – a vibrant city known for its stunning waterfront properties, lush landscapes, and a laid-back lifestyle that captures the essence of Florida living. Nestled in Lee County, Cape Coral is often referred to as the "Waterfront Wonderland" due to its impressive network of over 400 miles of navigable waterways, making it a paradise for boating enthusiasts and nature lovers alike. With its sun-soaked beaches, beautiful parks, and a plethora of recreational activities, Cape Coral offers a perfect blend of relaxation and adventure.

For those looking to call this charming city home, Cape Coral boasts an impressive selection of properties priced under $500,000. Whether you’re a first-time homebuyer, a growing family, or seeking a seasonal retreat, there’s something for everyone in this price range. From cozy single-family homes to modern townhouses, you can find residences that offer both comfort and style without breaking the bank.

Imagine sipping your morning coffee while gazing out at the tranquil waters, or hosting weekend barbecues in your spacious backyard. The homes in Cape Coral under $500,000 provide ample opportunities to enjoy outdoor living, with many properties featuring private pools, screened-in lanais, and easy access to boating and fishing.

With a thriving community, excellent schools, and a variety of dining and shopping options, Cape Coral is not just a place to live; it's a lifestyle. Discover the perfect home in this beautiful city and embrace the enchanting Florida lifestyle that awaits you!

Newest Cape Coral Homes under $500,000

30 SW 15th Terrace, Cape Coral
$430,000
4 Beds ⋅ 3 Baths ⋅ Cape Coral SubDv.
Looking for a home that offers space, savings, and peace of mind? This stunning Cape Coral property has it all! Featuring 4 bedrooms, 3 full baths, and 2,584 square feet of living space, this home sits on an expansive oversized lot of more than one-third acre. Enjoy the financial benefits of fully paid city assessments and the added advantage of being outside a mandatory flood insurance zone. The solar panel system will be paid off at closing, allowing you to enjoy lower electric bills from day one. Major upgrades include a new roof in 2022 and a new fence in 2025. This is the kind of home that not only looks great but makes financial sense, too. The screened lanai and expansive back yard with southern exposure will mean plenty of sunshine all afternoon and with room for a pool, pergola or garden, the possibilities are endless to create your own tropical oasis. Located in a great neighborhood near plenty of shopping, schools, dining and parks, you won't have to go far to enjoy the best of SW Florida. Call for your private showing.

30 SW 15th Terrace, Cape Coral
1014 SW 8th Place, Cape Coral
$300,000
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Short Sale Deal Buy Below Market Value! Fantastic opportunity to get your hands on a great deal. Waterfront Canal Home in Southwest Cape Coral Located in Flood Zone X – flood insurance not required. Welcome to modern Florida living at its finest. This beautifully crafted 3-bedroom, 2-bath residence built in 2023 offers a desirable split floor plan and an exceptional location on the freshwater Dragoon Canal, providing peaceful water views and a relaxing Florida lifestyle. This home features approximately 2,081 square feet of living space with tile flooring throughout and an open-concept design ideal for everyday living and entertaining. The kitchen is thoughtfully designed with custom cabinetry, quartz countertops, stainless steel appliances, and a spacious walk-in pantry. Architectural details include tray ceilings and tasteful modern finishes throughout the home. The primary suite offers a private retreat with dual vanities, a large walk-in closet, and a well-appointed en-suite bath. The split bedroom layout provides added privacy for guests or family members. Ceiling fans are installed in every bedroom, and the home is filled with natural light. Additional highlights include a two-car attached garage, professionally landscaped lot, and direct canal frontage with seawall. The outdoor space offers plenty of room to relax, entertain, or enjoy waterfront living. Located in desirable Southwest Cape Coral, this home is close to shopping, dining, schools, and major roadways, making it a convenient and attractive option for full-time residents or seasonal buyers. Property is virtually staged schedule a private showing today so you can visualize your custom design desires.

1014 SW 8th Place, Cape Coral
1138 NW 15th Terrace, Cape Coral
$295,000
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
UPDATED 3-BEDROOM HOME FOR ONLY $295,000! NEWER ROOF, NEWER AC, NEW APPLIANCES & MORE!! If you've been searching for an affordable, move-in-ready home with all the major updates already completed, this is one you don't want to miss! Offering 3 bedrooms, 2 bathrooms, and 1,672 square feet of living space, this well maintained Cape Coral home delivers outstanding value at an attractive price. Built in 2003, this home features a NEW ROOF (2022), AC (2021), and NEW WATER HEATER (2026), providing peace of mind and helping eliminate some of the biggest expenses associated with homeownership. Step inside to discover a freshly updated interior featuring new Whirlpool stainless steel appliances, new flooring in all three bedrooms, new ceiling fans, modern lighting fixtures, and recent interior painting. Both bathrooms have received attention as well, including new toilets, new shower tile in both bathrooms, a new bathtub in the guest bathroom, and a new glass shower door in the primary bathroom. With so many improvements already completed, you can spend less time worrying about renovations and more time enjoying your new home! PRICED AT JUST $295,000, THIS HOME OFFERS THE SPACE, UPDATES, AND VALUE BUYERS ARE LOOKING FOR! Don't miss your opportunity to own an updated Cape Coral home at a competitive price.

1138 NW 15th Terrace, Cape Coral
504 SW 28th Terrace, Cape Coral
$355,000
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Discover this inviting 3-bedroom, 2-bathroom home offering 1,666 sq ft of comfortable living space. Designed with an open floor plan, the home features bright and spacious living and dining areas that flow seamlessly into the kitchen, creating the perfect setting for everyday living and entertaining. The primary suite includes a private bathroom and generous closet space, while the additional bedrooms offer flexibility for family, guests, or a home office. Step outside to the screened-in patio with a pool, providing a relaxing space to enjoy your morning coffee or unwind in the evenings. Located in a quiet residential neighborhood, this move-in ready home is easy to show and ready for its next owner.

504 SW 28th Terrace, Cape Coral
609 SE 2nd Street, Cape Coral
$480,000
4 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
**SELLER OFFERING $10,000 TOWARD BUYER’S CLOSING COSTS! BRAND-NEW CONSTRUCTION | NAVIGABLE CANAL | CITY WATER ASSESSMENTS PAID | CUSTOM KITCHEN | IMPACT WINDOWS & DOORS | OUTDOOR KITCHEN!** EXPERIENCE THE ULTIMATE CAPE CORAL LIFESTYLE WHERE MODERN LUXURY MEETS WATERFRONT LIVING! Welcome to this stunning 4-bedroom, 2-bathroom home offering 2,698 total sq. ft. and 1,808 sq. ft. under A/C, thoughtfully designed to combine elegance, comfort, and the best of Florida living. From the moment you step inside, you'll be captivated by the soaring ceilings, beautiful porcelain tile flooring throughout, abundant natural light, and spacious open-concept layout that creates a bright and inviting atmosphere. **THE KITCHEN IS A TRUE SHOWSTOPPER!** Featuring gorgeous custom cabinetry, a generous walk-in pantry, brand-new appliances, and beautiful finishes, this kitchen perfectly blends sophistication and functionality. The primary suite offers a peaceful, spa-inspired retreat designed for ultimate relaxation. **BUT THE REAL MAGIC CONTINUES OUTSIDE!** Step into your private, fully fenced backyard overlooking a **NAVIGABLE CANAL**, where peaceful waterfront views and Florida's beautiful weather become part of your everyday lifestyle! Imagine enjoying your morning coffee by the water, hosting unforgettable gatherings around your outdoor kitchen, or transforming your spacious backyard into your very own tropical paradise. **THERE'S PLENTY OF ROOM TO BUILD YOUR DREAM POOL!** Whether you envision a resort-style pool, an outdoor entertainment area, or a relaxing waterfront retreat, the possibilities are exciting! Additional premium features include **IMPACT-RESISTANT WINDOWS & DOORS**, epoxy-finished garage and lanai floors, and the added benefit of **CITY WATER ASSESSMENTS ALREADY PAID!** And here's the opportunity you've been waiting for: **THE SELLER IS CONTRIBUTING $10,000 TOWARD BUYER'S CLOSING COSTS!** Why settle for ordinary when you can have brand-new construction, waterfront living, modern upgrades, and exceptional value all in one property? **THIS IS MORE THAN A HOME — IT'S THE FLORIDA LIFESTYLE YOU'VE BEEN DREAMING OF!** Easy to show! Schedule your private tour today, bring your offer, and let's make this dream a reality!

609 SE 2nd Street, Cape Coral
825 SW 31st Street, Cape Coral
$380,000
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
LIKE NEW, built in 2023 on 3 consecutive lots and ready for a quick closing! Featuring modern construction, spacious living, and exceptional property value on .34 acres. Offering 3 bedrooms, a versatile den that can easily be converted into a 4th Bedroom, 2 full bathrooms, and an attached 2-car garage. The inviting interior features a separate dining room, perfect for hosting family gatherings and entertaining friends. This property offers the space, flexibility, location, and a versatile floor plan today's buyers are looking for. Designed with both comfort and functionality in mind, the thoughtfully arranged split-bedroom floor plan provides added privacy for owners and guests alike. Another valuable feature is its X/X-500 FLOOD ZONE, offering added peace of mind and an optional lower flood insurance premium. Utility assessments paid in full on this property. Step outside to the fully fenced backyard, where the expansive property provides plenty of room for pets, outdoor entertaining, gardening, or creating your own private backyard oasis. Plenty of room for a pool. Just a short 16 mile drive to Fort Myers Beach! Conveniently situated just a short distance from Veterans Memorial Parkway, this home provides easy access to shopping, restaurants, medical facilities, and everyday conveniences. Nearby parks and recreation include Koza/Saladino Park and the Pelican sports complexes. Waterfront dining and weekend outings can be enjoyed at Cape Harbour, Tarpon Point, and South Cape, where you’ll find appealing destinations for dining by the water, a relaxed afternoon by the marina and browsing shops. A Saturday-morning farmers market tradition. The Cape Coral Farmers Market at Club Square in South Cape offers produce, baked goods, local foods, and handmade items. Come see everything this home has to offer!

825 SW 31st Street, Cape Coral
216 NW 9th Terrace, Cape Coral
$299,000
4 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Potential Short Sale! Enjoy this RARE OVERSIZED South-Facing Lot – Over 1/3 Acre so you can park a boat or trailer with ease! This nearly new 2022-built FURNISHED home sits on a rare oversized rear south-facing lot in a NO FLOOD ZONE, meaning no flood insurance is required. South-facing rear exposure is ideal for pool living, providing warm sunshine throughout the winter and refreshing afternoon shade in the summer for a comfortable year-round outdoor experience. Plenty of room to build your dream oversized pool and still have room for pets and kids to play in the backyard. Why wait for new construction when you can move right into this beautiful four-bedroom, three-car garage home at a fantastic price? FHA and VA buyers are welcome. Inside, you’ll love the open-concept floor plan with cathedral ceilings, a center island kitchen, granite counters, and stainless-steel appliances. The spacious living room flows seamlessly to the large, covered lanai, perfect for enjoying the Southwest Florida lifestyle. Quality finishes are found throughout, including concrete block construction with metal frame interior, a stone-accented elevation, an under-truss lanai, and a Lenox 15 SEER high-efficiency A/C system. Additional features include PGT Low-E insulated windows, Moen plumbing fixtures, dimensional shingles, 36-inch upper cabinets with soft-close doors, granite counters in both kitchen and baths, and 18-inch tile flooring in the main living areas. The three-car garage has been upgraded with epoxy-coated flooring and a paver driveway, complemented by an irrigation system for easy yard maintenance. All of this comes in a prime location near US-41 and Pine Island Road, placing you just minutes from shops, restaurants, gyms, banks, and more. With new home construction prices continuing to rise, this is your opportunity to secure an incredible deal.

216 NW 9th Terrace, Cape Coral
1813 NW 37th Place, Cape Coral
$390,000
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
MOVE-IN READY • TURNKEY • NO HOA! Experience the best of Florida living in this beautifully upgraded NW Cape Coral home! Offering 3 bedrooms plus a private office, 2 bathrooms, a 2-car garage, and 1,915+ sq. ft. of living space, this exceptional residence combines modern elegance, thoughtful upgrades, and inviting indoor-outdoor living. Step inside to a bright, open-concept floor plan featuring impressive 12–13 ft. ceilings, elegant tray ceilings, and polished porcelain tile flooring throughout. The stunning kitchen is designed to impress, featuring white sod close cabinetry with a spice cabinet right next to the oven, granite countertops, premium stainless steel appliances, stylish pendant lighting, and an oversized center island perfect for entertaining. The spacious primary suite offers a relaxing retreat with a freestanding soaking tub, oversized walk-around shower with dual showerheads, dual vanities, and heated mirrors. Hurricane impact windows and doors provide added peace of mind, while ceiling fans, upgraded Floratam sod, an irrigation system with timer, soffit lighting, paver driveway, and beautifully maintained landscaping complete the package. Take the entertaining outdoors to the expansive paver lanai and oversized patio, featuring a fully equipped outdoor kitchen with built-in grill, refrigerator, sink, and outdoor fan. The guest bathroom offers convenient access to the patio, and there's plenty of room to add a pool and create your own private Florida oasis! Located in desirable NW Cape Coral, surrounded by beautiful Gulf-access homes and conveniently close to boat ramps, shopping, dining, parks, and everyday amenities. Whether you're looking for a full-time residence, seasonal getaway, or vacation rental opportunity, this TURNKEY home delivers exceptional value, comfort, and lifestyle possibilities, all with NO HOA FEES! Just bring your suitcase and start enjoying the Florida lifestyle!

1813 NW 37th Place, Cape Coral
1807 SW 4th Street, Cape Coral
$425,000
4 Beds ⋅ 3 Baths ⋅ Cape Coral SubDv.
Location, space, and an exciting future for the neighborhood. Just a short distance from the highly anticipated Cape Coral Grove, this 2022-built home puts you near a planned 131-acre town center featuring shopping, restaurants, entertainment, parks, and community events. Imagine dinner, live music, or a movie nearby. Situated on an oversized THREE-LOT property totaling about one-third of an acre, this 4-bedroom, 2.5-bath home offers 1,906 square feet of comfortable living space, including a split-bedroom floor plan, spacious kitchen, high ceilings, and screened lanai. The fenced backyard offers plenty of room for entertaining, pets, or a future pool. With no HOA fees, newer construction, and one of Cape Coral's most exciting developments planned nearby, this home offers more than just a place to live. It's an opportunity to enjoy the next chapter of Cape Coral.

1807 SW 4th Street, Cape Coral
19 SE 21st Avenue, Cape Coral
$349,000
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Affordable Pool Home in a well-established Cape Coral Neighborhood - NON-FLOOD ZONE & ALL ASSESSMENTS PAID! Discover the comfort and convenience of Southwest Florida living in this inviting 3-bedroom, 2-bathroom pool home, situated on a lovely palm-tree-lined street. Surrounded by attractive landscaping, this property offers plenty of space to relax, entertain and enjoy the Florida lifestyle. The kitchen, remodeled in 2019, features a beautiful natural stone backsplash with rich, earthy tones, Corian countertops, tile flooring, soft-close cabinetry, a convenient Lazy Susan and a pantry with pull-out shelving. One-year-old Whirlpool appliances add to the kitchen's appeal. An enclosed, air-conditioned Florida room is filled with natural light, providing additional living space to enjoy year-round. Step outside to your private backyard retreat, complete with a screened pool enclosure, fenced yard that's ideal for pets and a lawn sprinkler system. A spacious storage shed offers plenty of room for tools and outdoor equipment. Also includes a 5600-Watt PowerBoss Generator. The garage door, lanai sliders and 7 of the 12 house windows are hurricane impact resistant. This property is convenienty located near shopping, dining, medical facilities, parks and schools. Whether you're looking for a year-round residence or a seasonal Florida getaway, this home offers a wonderful opportunity to enjoy all that Cape Coral has to offer!

19 SE 21st Avenue, Cape Coral
5210 Coronado Parkway Unit 8, Cape Coral
$160,000
2 Beds ⋅ 2 Baths ⋅ Coronado Manor Condo SubDv.
Downtown Cape Coral Living | 2 Bed • 2 Bath Condo Location, convenience, and the best of the Cape Coral lifestyle! Welcome to this charming second-floor, 2-bedroom, 2-bathroom condo located in the heart of downtown Cape Coral! Just a short walk (about 5 minutes) from a variety of local restaurants, bars, and entertainment, this property offers the perfect combination of comfort and convenience. Enjoy an open-air building layout, a private balcony accessible from one of the bedrooms, in-unit laundry, an assigned parking space, additional guest parking, and access to a refreshing community pool. Located approximately five minutes by car from the Cape Coral Yacht Club area, this condo places you near waterfront recreation and some of the city’s most exciting redevelopment initiatives. With continued investment in downtown Cape Coral, including new dining, retail, residential, and public waterfront improvements, this location offers an opportunity to be part of an evolving and vibrant community. Whether you’re looking for a primary residence, seasonal getaway, or investment opportunity, this condo is worth exploring! Schedule your private showing today and discover everything downtown Cape Coral has to offer!

5210 Coronado Parkway Unit 8, Cape Coral
1344 S Gator Circle, Cape Coral
$455,999
4 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Welcome to this beautiful home in Cape Coral, Florida, featuring modern finishes, thoughtful upgrades, and a private outdoor retreat. Built in 2021, this 4-bedroom, 2-bathroom home offers approximately 1,932 square feet of living space on an approximately 10,000-square-foot lot, combining contemporary style with desirable features for enjoying the Florida lifestyle. Kitchen: Modern kitchen featuring a distinctive blue glazed ceramic tile backsplash. Attractive light-colored, wood-look plank flooring with a natural finish, creating a cohesive and modern appearance. Extended height cabinets with crown molding, modern hardware and soft close doors/drawers. Stylish bathroom finishes, including a walk-in shower with a glass enclosure, marble-look wall tiles, decorative gray hexagonal mosaic accents, and sleek black fixtures. The bedrooms are generous in size and some feature customized closets! Enjoy a private outdoor retreat perfect for relaxing, entertaining, and enjoying the Florida sunshine while helping keep insects and debris out of the pool area. - Pool heating system for more comfortable swimming throughout the year. - LED pool lighting for added ambiance and evening enjoyment. - Pool pump, circulation, and filtration equipment. - Custom-made pool-deck flooring, featuring attractive natural stone-look pavers. The property features a fenced yard offering privacy and a defined outdoor space. Landscaping details- The combination of fencing, landscaping, and coordinated finishes enhances the property's curb appeal. - Samsung split-system air conditioning equipment installed in the garage area. - Professionally installed exterior generator hookup with a transfer switch, providing a convenient connection for a compatible backup generator during power outages. - Dedicated exterior electrical connection and concrete slab area for the generator setup. - Pool heating, pump, and filtration equipment. - Modern exterior design with coordinated roof, siding, and trim colors. - Kitchen: Blue glazed ceramic tile backsplash - Flooring: Light-colored wood-look plank flooring - Bathrooms: Modern walk-in shower, glass enclosure, marble-look tile, and decorative mosaic accents - Outdoor features: Private swimming pool, screened lanai, fenced yard, and landscaped grounds - Pool features: Chlorine system, heating, LED lighting, and filtration equipment - Pool deck: Custom-made flooring with natural stone-look pavers - Garage: Samsung split-system AC equipment - Backup power: Professionally installed exterior generator hookup with transfer switch This home is a MUST SEE That delivers the Florida lifestyle you've been dreaming of! Impeccably maintained, beautifully appointed and designed for effortless living and entertaining. Don't just dream about owning it, MAKE IT YOURS!

1344 S Gator Circle, Cape Coral
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