NEW CONSTRUCTION
$40K PRICE DROP
2702 NW 1st Terrace Cape Coral, FL 33993
Burnt Store NeighborhoodEstimated payment $2,580/month
Total Views
1,268
3
Beds
2
Baths
1,988
Sq Ft
$231
Price per Sq Ft
Highlights
- Great Room
- No HOA
- Den
- Cape Elementary School Rated A-
- Screened Porch
- 2 Car Attached Garage
About This Home
Welcome to The Drexel, a stunning home nestled in the heart of Cape Coral, FL situated on a Canal front lot with a seawall in place! This beautifully designed residence seamlessly blends modern elegance with exceptional functionality, offering the perfect setting for comfortable family living. Boasting a spacious, open-concept layout, The Drexel features three generously sized bedrooms, two luxurious bathrooms, and a versatile flex space—ideal for a home office, playroom, or any space that suits your needs.
As you enter, you'll be greeted by soaring 9-foot ceilings and a striking Tray Ceiling, enhancing the sense of space and light. The home features sleek ceramic tile flooring throughout the main living areas, providing both style and durability, while plush carpeting in the bedrooms adds warmth and comfort. The heart of the home is the inviting great room, which flows effortlessly into the gourmet kitchen. Here, you'll find a spacious island with an eating bar, perfect for casual meals and entertaining, as well as beautiful granite countertops, shaker cabinets, and modern appliances that make cooking a joy.
The primary suite is a private oasis, offering a spacious walk-in closet and an elegant en-suite bath with a spa-inspired design. The luxurious master bath features a double vanity, a tiled shower, and all the comforts you would expect from a well-crafted home. The two secondary bedrooms are equally spacious and share a well-appointed bathroom, creating an ideal layout for family living or guests.
Designed with energy efficiency in mind, The Drexel includes Energy STAR qualified, insulated windows, low-emissivity glass, and a smart thermostat to ensure comfort all year round. The home also features an extended screened lanai, perfect for enjoying Florida's beautiful weather, as well as architectural shingles, hurricane shutters, and an irrigation system to maintain your landscaping. Additionally, a 2-car garage with garage openers and a paved driveway add to the home's convenience and curb appeal.
Located in the vibrant and welcoming community of Cape Coral, The Drexel is perfectly positioned to take advantage of all that this beautiful area has to offer—scenic canals, lush parks, excellent shopping and dining, and easy access to the Gulf of Mexico. Whether you're relaxing at home or exploring the nearby attractions, this home offers the ideal combination of style, convenience, and quality of life.
The Drexel is more than just a home—it's a lifestyle. Come experience the perfect blend of comfort and luxury in the heart of Cape Coral.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,121
Year Built
- Built in 2025 | Under Construction
Lot Details
- 0.27 Acre Lot
- North Facing Home
- Rectangular Lot
- Property is zoned R1-W
Parking
- 2 Car Attached Garage
- Driveway
Home Design
- Shingle Roof
- Stucco
Interior Spaces
- 1,988 Sq Ft Home
- 1-Story Property
- Tray Ceiling
- Entrance Foyer
- Great Room
- Combination Dining and Living Room
- Den
- Screened Porch
- Fire and Smoke Detector
- Washer and Dryer Hookup
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Range
- Microwave
- Kitchen Island
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Dual Sinks
- Shower Only
- Separate Shower
Outdoor Features
- Screened Patio
Schools
- Trafalgar Elementary School
- Trafalgar Middle School
- Mariner High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
- Cape Coral Subdivision
Listing and Financial Details
- Legal Lot and Block 4 / 4008
- Assessor Parcel Number 08-44-23-C3-04008.0040
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 | $1,382 | $55,273 | $55,273 | -- |
| 2023 | $1,121 | $41,015 | $36,979 | $0 |
| 2022 | $659 | $11,000 | $0 | $0 |
| 2021 | $548 | $10,000 | $10,000 | $0 |
| 2020 | $565 | $12,000 | $12,000 | $0 |
| 2019 | $578 | $14,000 | $14,000 | $0 |
| 2018 | $577 | $14,000 | $14,000 | $0 |
| 2017 | $542 | $14,535 | $14,535 | $0 |
| 2016 | $507 | $14,300 | $14,300 | $0 |
| 2015 | $494 | $17,000 | $17,000 | $0 |
| 2014 | $406 | $12,900 | $12,900 | $0 |
| 2013 | -- | $8,500 | $8,500 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2025 06/21/25 | Price Changed | $459,900 | -4.2% | $231 / Sq Ft |
| 04/26/2025 04/26/25 | Price Changed | $479,900 | -4.0% | $241 / Sq Ft |
| 01/17/2025 01/17/25 | For Sale | $499,900 | +400.4% | $251 / Sq Ft |
| 09/10/2024 09/10/24 | Pending | -- | -- | -- |
| 09/09/2024 09/09/24 | Sold | $99,900 | 0.0% | -- |
| 04/12/2024 04/12/24 | For Sale | $99,900 | -- | -- |
Source: Florida Gulf Coast Multiple Listing Service
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $647,800 | Steel City Title | |
| Special Warranty Deed | $99,900 | Steel City Title | |
| Warranty Deed | $41,000 | Elite Title | |
| Warranty Deed | $35,000 | Elite Title | |
| Warranty Deed | $14,900 | Attorney | |
| Warranty Deed | -- | -- |
Source: Public Records
Similar Homes in Cape Coral, FL
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 225007100
APN: 08-44-23-C3-04008.0040
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.
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
Nearby Homes
- 2631 W First St Unit 901E
- 101 NW 28th Ave
- 128 NW 26th Place
- 2629 NW Embers Terrace
- 2701 NW Embers Terrace
- 207 NW 27th Ave
- 2628 NW Embers Terrace
- 213 NW 27th Place
- 2720 NW Embers Terrace
- 212 NW 26th Ave
- 220 NW 26th Place
- 2725 Embers Pkwy W
- 227 NW 27th Place
- 2704 Embers Pkwy W
- 2630 Embers Pkwy W
- 2720 Embers Pkwy W
- 2511 NW 1st St
- 2621 SW Embers Terrace
- 2721 NW 3rd St
- 301 NW 26th Place
- 129 NW 27th Place
- 2628 NW Embers Terrace
- 2821 NW 2nd St
- 5 SW 26th Place
- 2704 SW Embers Terrace
- 314 NW 25th Place
- 2900 SW 1st Terrace
- 210 NW 24th Ave
- 232 NW 24th Ave
- 317 El Dorado Blvd N
- 116 NW 23rd Ave
- 2817 SW 3rd St
- 416 NW 24th Place
- 2222 NW 2nd St
- 305 NW 22nd Ct
- 206 NW 22nd Ave
- 328 SW 29th Ave
- 337 SW 29th Ave
- 174 Shadroe Cove Cir Unit 1001
- 2248 NW 5th Terrace