NOT LISTED FOR SALE

2202 SW 38th Terrace Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $904,000 - $1,179,000

3 Beds
3 Baths
2,168 Sq Ft
$462/Sq Ft Est. Value

Last Sold April 11, 2024

Last sale price $1,125,000 $519 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $6,429/month

225 Days on Market

Highlights

  • Boat Dock
  • New Construction
  • Waterfront
  • Cape Elementary School Rated A-
  • Concrete Pool
  • Canal Access

About This Home

As of April 2024

FINISHED .. ready for you.. check out all the new photos..Introducing a luxurious masterpiece in the desirable SW Cape Coral area, this new construction home offers a perfect blend of elegance and functionality. One of the most exceptional features is the 100 ft wide gulf access canal. Whether you're a boating enthusiast or simply enjoy serene water views you will be in awe. This home exudes luxury and comfort making it a rare gem in the Cape Coral real estate market. Boasting 3 bedrooms and 3 baths, this stunning property spans 2168 sq ft under air, with an additional 400 sq ft of inviting outside living space, ideal for embracing the Florida lifestyle. Step inside to discover a thoughtfully designed indoor and outdoor living. The grand kitchen features top-of-the-line Jen Air appliances, a 90-degree doors creating a spacious interior and the outside patio. Outside, relax with a marble pool patio overlooking the sparkling heated saltwater pool and spa. The summer kitchen with appliances. The attention to detail is evident in every corner of this home. Welcome home to your own piece of paradise. All photos are of similar home that is complete.

Last Agent to Sell the Property

Cynthia 'Cindy' Brown

Gulf Coast Living Real Estate, Inc License #260031393 Listed on: 08/16/2023

Last Buyer's Agent

Ralph Nudi

Epique Realty, Inc. License #090072009

Epique Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,636

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Waterfront
  • North Facing Home
  • Rectangular Lot
  • Sprinkler System
  • Property is zoned R1-W

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Slate Roof
  • Stucco

Interior Spaces

  • 2,168 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Open Floorplan
  • Den
  • Screened Porch
  • Tile Flooring
  • Canal Views

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms
  • Dual Sinks
  • Shower Only
  • Separate Shower

Laundry

  • Laundry Tub
  • Washer and Dryer Hookup

Home Security

  • Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Saltwater Pool
  • Gunite Spa
  • Outdoor Shower
  • Outside Bathroom Access
  • Screen Enclosure

Outdoor Features

  • Canal Access
  • Deck
  • Screened Patio
  • Outdoor Kitchen
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 29 / 4947
  • Assessor Parcel Number 04-45-23-C4-04947.0290

Community Details

Overview

  • No Home Owners Association
  • Cape Coral Subdivision

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,636

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Lot Size: 80 x 125 x 80 x 125
  • Ownership: Single Family
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • New Construction: Yes
  • Year Built: 2023
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 4098

Interior Features

  • Furnished: Unfurnished
  • Spa Features: Electric Heat, Gunite, In Ground, Screened
  • Private Spa: Yes
  • Appliances: Dishwasher, Electric Cooktop, Ice Maker, Microwave, Refrigerator, Wine Cooler
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Tile
  • Interior Amenities: Breakfast Bar, Built-in Features, Cathedral Ceiling(s), Dual Sinks, Entrance Foyer, Family/Dining Room, Fireplace, Kitchen Island, Living/Dining Room, Pantry, Shower Only, Separate Shower, Cable TV, Bar, Split Bedrooms
  • Living Area: 2168.0
  • Dining Room Type: Den, Screened Porch, Great Room
  • Stories: 1
  • Window Features: Impact Glass
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Rectangular Lot, Sprinklers Automatic
  • Pool Features: Concrete, Electric Heat, Heated, In Ground, Screen Enclosure, Salt Water, Outside Bath Access
  • Pool Private: Yes
  • View: Canal, Landscaped, Water
  • View: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Disclosures: RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Deck, Security/High Impact Doors, Sprinkler/Irrigation, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Gas Grill
  • Patio And Porch Features: Deck, Lanai, Porch, Screened
  • Property Condition: New Construction
  • Roof: Slate

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Inside, Laundry Tub
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Community Features: Boat Facilities, Non-Gated
  • Amenities: None
  • Phone: 0000000000
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 04-45-23-C4-04947.0290
  • Zoning Description: R1-W
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 2635.83
  • Tax Block: 4947
  • Tax Lot: 29
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2025
Sold by
Arnold Russell
Bought by
Russell C Arnold Trust and Arnold
Current Estimated Value
$970,671

Purchase Details

Listed on
Aug 16, 2023
Closed on
Apr 1, 2024
Sold by
South Point Homes/Florida Llc
Bought by
Arnold Russell
Seller's Agent
Cynthia 'Cindy' Brown
Gulf Coast Living Real Estate, Inc
Buyer's Agent
Ralph Nudi
Epique Realty, Inc.
List Price
$1,350,000
Sold Price
$1,125,000
Premium/Discount to List
-$225,000
-16.67%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.75%
Original Mortgage
$766,550
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2024
Sold by
2209 Sw 43Rd Holding Llc
Bought by
South Point Homes Of Florida Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$936,000
Interest Rate
7.29%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 20, 2021
Closed on
May 28, 2021
Sold by
Ferraiola James
Bought by
2202 Sw 38Th Holding Llc
Seller's Agent
Geary Quinn
Realty One Group MVP
Buyer's Agent
Suzanne Vasbinder
List Price
$179,000
Sold Price
$179,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.96%

Purchase Details

Closed on
May 12, 1998
Sold by
Westcott Thomas
Bought by
Ferraiola James
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Russell C Arnold Trust $100 None Listed On Document
Arnold Russell $1,125,000 Title Unlimited
South Point Homes Of Florida Llc $100 Omega National Title
2202 Sw 38Th Holding Llc $179,000 Landsel Title Agency Inc
Ferraiola James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arnold Russell $766,550
Previous Owner South Point Homes Of Florida Llc $936,000
Previous Owner 2209 Sw 43Rd Holding Llc $2,905,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2024 04/11/24 Sold $1,125,000 -6.1% $519 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
02/01/2024 02/01/24 Price Changed $1,198,000 0.0% $553 / Sq Ft
01/17/2024 01/17/24 Price Changed $1,198,500 0.0% $553 / Sq Ft
01/08/2024 01/08/24 Price Changed $1,199,000 -3.9% $553 / Sq Ft
12/14/2023 12/14/23 Price Changed $1,248,000 -0.1% $576 / Sq Ft
11/01/2023 11/01/23 Price Changed $1,249,000 -0.1% $576 / Sq Ft
10/21/2023 10/21/23 Price Changed $1,250,000 -3.8% $577 / Sq Ft
10/21/2023 10/21/23 Price Changed $1,299,000 -0.1% $599 / Sq Ft
09/25/2023 09/25/23 Price Changed $1,300,000 -3.7% $600 / Sq Ft
08/16/2023 08/16/23 For Sale $1,350,000 +654.2% $623 / Sq Ft
05/28/2021 05/28/21 Sold $179,000 0.0% --
04/28/2021 04/28/21 Pending -- -- --
03/20/2021 03/20/21 For Sale $179,000 -- --
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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 $13,369 $795,068 $162,270 $538,881
2023 $3,451 $154,660 $0 $0
2022 $2,636 $140,600 $140,600 $0
2021 $2,149 $110,000 $110,000 $0
2020 $2,337 $108,000 $108,000 $0
2019 $2,396 $108,000 $108,000 $0
2018 $2,326 $98,000 $98,000 $0
2017 $2,164 $80,000 $80,000 $0
2016 $2,140 $80,000 $80,000 $0
2015 $2,128 $71,900 $71,900 $0
2014 $1,931 $63,300 $63,300 $0
2013 -- $38,300 $38,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Cynthia 'Cindy' Brown

    Seller's Agent in 2024

    Cynthia 'Cindy' Brown

    Gulf Coast Living Real Estate, Inc

    (561) 927-7350

    24 in this area

    146 Total Sales

    Section Image
  • Ralph Nudi

    Buyer's Agent in 2024

    Ralph Nudi

    Epique Realty, Inc.

    (262) 656-7171

    10 in this area

    78 Total Sales

    Section Image
  • Geary Quinn

    Seller's Agent in 2021

    Geary Quinn

    Realty One Group MVP

    (239) 560-0793

    16 in this area

    78 Total Sales

    Section Image

  • S

    Buyer's Agent in 2021

    Suzanne Vasbinder

    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223058750

Florida Gulf Coast Multiple Listing Service

APN: 04-45-23-C4-04947.0290

Florida Lee County Cape Coral 33914 Pelican

2202 SW 38th Terrace, Cape Coral, FL

This home is located at 2202 SW 38th Terrace, Cape Coral, FL 33914 since 16 August 2023 and is currently estimated at $1,002,302, approximately $462 per square foot. This property was built in 2023. 2202 SW 38th Terrace is a home located in Lee County with nearby schools including Cape Elementary School, Caloosa Elementary School, and Tropic Isles Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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