PENDING
NEW CONSTRUCTION
$20K PRICE DROP
423 NE 5th Terrace Cape Coral, FL 33909
Diplomat NeighborhoodEstimated payment $3,220/month
Total Views
1,093
4
Beds
3
Baths
1,931
Sq Ft
$293
Price per Sq Ft
Highlights
- New Construction
- Concrete Pool
- Canal Access
- Cape Elementary School Rated A-
- Waterfront
- Canal View
About This Home
Experience elevated living in this stunning new construction 4-bedroom, 3-bathroom home, thoughtfully crafted with style and functionality in mind. Offering nearly 2,000 sq. ft. of living space and over 3,000 sq. ft. under roof, this residence features soaring 12–13 ft. coffered ceilings, elegant porcelain tile throughout, and a spacious open-concept layout perfect for both daily living and entertaining. The gourmet kitchen is a true centerpiece, equipped with high-end finishes and ample counter space for the passionate cook or host. Retreat to the luxurious primary suite, complete with a spa-inspired bathroom featuring a freestanding soaking tub, dual vanities, and double rainfall shower heads for a relaxing escape. Step outside to your own private retreat—a beautifully designed concrete pool, a summer kitchen with built-in grill, and peaceful views overlooking a freshwater canal. With a three-car garage, eye-catching curb appeal, and exceptional attention to detail throughout, this home delivers the ultimate in luxury living in Cape Coral. Schedule your private showing today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,975
Year Built
- Built in 2024 | New Construction
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 80 x 125 x 80 x 125
- Waterfront
- Southeast Facing Home
- Rectangular Lot
- Sprinkler System
- Property is zoned R1-W
Parking
- 3 Car Attached Garage
- Driveway
Home Design
- Traditional Architecture
- Shingle Roof
- Stucco
Interior Spaces
- 1,931 Sq Ft Home
- 1-Story Property
- Built-In Features
- Coffered Ceiling
- French Doors
- Formal Dining Room
- Tile Flooring
- Canal Views
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 3 Full Bathrooms
- Dual Sinks
- Bathtub
- Multiple Shower Heads
- Separate Shower
Home Security
- Impact Glass
- High Impact Door
- Fire and Smoke Detector
Pool
- Concrete Pool
- In Ground Pool
Outdoor Features
- Canal Access
- Open Patio
- Outdoor Kitchen
- Outdoor Grill
- Porch
Utilities
- Central Air
- Heat Pump System
- Sewer Assessments
Community Details
- No Home Owners Association
- Cape Coral Subdivision
Listing and Financial Details
- Legal Lot and Block 35 / 2398
- Assessor Parcel Number 12-44-23-C2-02398.0350
Map
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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 | $1,975 | $49,912 | $49,912 | -- |
| 2023 | $3,010 | $13,044 | $0 | $0 |
| 2022 | $2,936 | $11,858 | $0 | $0 |
| 2021 | $2,783 | $11,500 | $11,500 | $0 |
| 2020 | $2,986 | $9,800 | $9,800 | $0 |
| 2019 | $3,035 | $14,000 | $14,000 | $0 |
| 2018 | $3,020 | $14,000 | $14,000 | $0 |
| 2017 | $499 | $13,243 | $13,243 | $0 |
| 2016 | $453 | $11,000 | $11,000 | $0 |
| 2015 | $423 | $11,200 | $11,200 | $0 |
| 2014 | $365 | $11,050 | $11,050 | $0 |
| 2013 | -- | $7,600 | $7,600 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Pending | -- | -- | -- |
| 07/22/2025 07/22/25 | Price Changed | $565,000 | -1.7% | $293 / Sq Ft |
| 07/04/2025 07/04/25 | Price Changed | $574,900 | -1.3% | $298 / Sq Ft |
| 06/20/2025 06/20/25 | Price Changed | $582,500 | -0.4% | $302 / Sq Ft |
| 06/09/2025 06/09/25 | For Sale | $585,000 | -- | $303 / Sq Ft |
Source: Florida Gulf Coast Multiple Listing Service
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $60,000 | Elite Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $365,500 | Balloon |
Source: Public Records
Similar Homes in Cape Coral, FL
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 225050172
APN: 12-44-23-C2-02398.0350
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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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