1124 SW 48th Terrace Unit 208 Cape Coral, FL 33914
Pelican NeighborhoodEstimated payment $2,385/month
Highlights
- Boat Dock
- Home fronts a seawall
- Canal View
- Cape Elementary School Rated A-
- Canal Access
- Maid or Guest Quarters
About This Home
GULF ACCESS, CORNER UNIT with sweeping intersecting canal views and no flood concerns—this second-floor condo delivers the full Southwest Florida lifestyle at a fraction of the cost. Just minutes to open water with no bridges, no locks, and dock space included—select your spot on the composite dock (with water available at the dock) and register with the HOA. Properties with this kind of unrestricted Gulf access typically cost hundreds of thousands more. Tucked into a quiet and peaceful community, this condo offers the best of both worlds: serenity on the water, yet located in a prime South Cape Coral location with quick access to local shopping, dining, and entertainment. You're just minutes to Fort Myers and close to the airport—ideal for seasonal residents, snowbirds or out-of-town guests. Enjoy both sunsets and sunrises from the balcony of this true south-facing unit. This light-filled unit has been thoughtfully updated with new laminate flooring, granite kitchen countertops, newer stainless steel appliances, and a newer washer and dryer. The renovated master bath features a new vanity, mirror, lighting, and a brand-new shower. Additional upgrades include IMPACT WINDOWS, HURRICANE SHUTTERS for the sliders, new blinds, fresh paint, six-panel doors, LED lighting throughout, nightlight settings in the hallway, master bath, and closet, and a newly-installed lighted bar feature in the foyer and lots of storage. The unit is being offered fully furnished, including a brand-new adjustable king-size bed in the primary suite—making it move-in ready for a snowbird, first-time buyer, or investor seeking a quality rental property. Major updates include: ROOF (2023), AC (2018), WATER HEATER (2019). Also included: a detached carport and a private storage shed. The beautiful waterfront pool is also south-facing, giving you sun all day long. Affordable. Furnished. Peaceful. And offering the kind of Gulf access usually found only in much higher price points. This one checks every box.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,615
Year Built
- Built in 1982
Lot Details
- Home fronts a seawall
- Home fronts a canal
- North Facing Home
HOA Fees
- $669 Monthly HOA Fees
Home Design
- Entry on the 2nd floor
- Shingle Roof
- Stucco
Interior Spaces
- 1,293 Sq Ft Home
- 2-Story Property
- Furnished
- Bar
- Ceiling Fan
- Shutters
- Sliding Windows
- Entrance Foyer
- Great Room
- Combination Dining and Living Room
- Canal Views
Kitchen
- Self-Cleaning Oven
- Microwave
- Dishwasher
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- Maid or Guest Quarters
- 2 Full Bathrooms
- Shower Only
- Separate Shower
Laundry
- Laundry in Garage
- Dryer
- Washer
Home Security
Parking
- 1 Detached Carport Space
- Assigned Parking
Outdoor Features
- Canal Access
- Balcony
- Screened Patio
- Outdoor Storage
Schools
- Choice Elementary And Middle School
- Choice High School
Utilities
- Central Heating and Cooling System
- Sewer Assessments
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 208 / 300
- Assessor Parcel Number 15-45-23-C2-00300.2080
Community Details
Overview
- Association fees include insurance, irrigation water, ground maintenance, sewer, trash, water
- 16 Units
- Association Phone (239) 542-4404
- Low-Rise Condominium
- Villa De Vern Condo Subdivision
Recreation
- Boat Dock
- Pier or Dock
- Community Pool
Pet Policy
- Pets up to 35 lbs
- Call for details about the types of pets allowed
- 1 Pet Allowed
Additional Features
- Community Storage Space
- Impact Glass
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,615 | $239,016 | -- | $239,016 |
| 2023 | $931 | $49,459 | $0 | $49,459 |
| 2022 | $3,346 | $227,783 | $0 | $227,783 |
| 2021 | $3,519 | $183,388 | $0 | $183,388 |
| 2020 | $3,747 | $188,955 | $0 | $188,955 |
| 2019 | $3,746 | $189,763 | $0 | $189,763 |
| 2018 | $2,753 | $146,965 | $0 | $146,965 |
| 2017 | $2,655 | $148,580 | $0 | $148,580 |
| 2016 | $2,452 | $133,271 | $0 | $133,271 |
| 2015 | $2,175 | $105,900 | $0 | $105,900 |
| 2014 | $1,954 | $90,800 | $0 | $90,800 |
| 2013 | -- | $87,100 | $0 | $87,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2025 10/06/25 | Pending | -- | -- | -- |
| 09/08/2025 09/08/25 | For Sale | $267,900 | 0.0% | $207 / Sq Ft |
| 07/11/2025 07/11/25 | Price Changed | $267,900 | -0.7% | $207 / Sq Ft |
| 05/26/2025 05/26/25 | For Sale | $269,900 | +31.7% | $209 / Sq Ft |
| 12/13/2018 12/13/18 | Sold | $205,000 | -8.9% | $159 / Sq Ft |
| 11/13/2018 11/13/18 | Pending | -- | -- | -- |
| 09/10/2018 09/10/18 | For Sale | $225,000 | -- | $174 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $205,000 | Cape Corla Title Ins Agency | |
| Warranty Deed | $250,000 | Attorney | |
| Warranty Deed | $180,000 | Attorney | |
| Warranty Deed | $106,900 | -- | |
| Warranty Deed | $92,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $525,000 | Seller Take Back | |
| Previous Owner | $137,000 | Unknown | |
| Previous Owner | $70,000 | Credit Line Revolving | |
| Previous Owner | $58,500 | Credit Line Revolving | |
| Previous Owner | $96,210 | New Conventional | |
| Previous Owner | $96,210 | No Value Available |
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 225049097
APN: 15-45-23-C2-00300.2080
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