PENDING
$630K PRICE DROP
703 SW 53rd Terrace Cape Coral, FL 33914
Pelican NeighborhoodEstimated payment $4,977/month
Total Views
2,437
5
Beds
3
Baths
2,935
Sq Ft
$262
Price per Sq Ft
Highlights
- Lake Front
- Concrete Pool
- Den
- Cape Elementary School Rated A-
- No HOA
- Balcony
About This Home
BACK ON THE MARKET! BUYERS LOSS!!***OWNER WANTS SOLD!!! PRICED BELOW MARKET VALUE!!! EXTREMELY RARE TRIPLE LOT ON A SALT WATER LAKE WITH GULF ACCESS! THIS IS THE BEST OF BOTH WORLDS! This home will give you the opportunity to live "THE LAKE LIFE" and "THE SALT LIFE"
This property offers a newer expansive dock that extends the full width (approx. 125 feet) of the property with a newer boat lift and newer Tiki Hut. There are so many possibilities having a large fenced yard, for example you could set it up for the kids or pets to roam and play, or if you chose, you have the space to expand the home, or build a RV Garage, etc.
This home also has a 400 amp electrical service for that home expansion or RV garage, Salt water HEATED pool,three AC units, Updated kitchen with new cabinets, granite type counter tops, large laundry room with a laundry tub and cabinets, New flooring throughout!
This home features vaulted ceilings and a natural brick fireplace. The first floor has a master bedroom with sliding doors that lead out to the pool, a walk in closet, attached bathroom that also has a door leading out to the pool that also acts as a pool bath. Additional three bedrooms and another bathroom on the first floor. The second floor has a private master suite with an attached study, the study has a door that leads out to a second floor deck where you can see the entire lake! This second floor suite also offers a large bathroom, a large closet and a separate place for your shoes. There is so much more this home offers that you would have to make an appointment to see for yourself. Don't Delay! Call Today to schedule a private tour of this AMAZING home on the Popular Gulf Access Eight Lakes!!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,467
Year Built
- Built in 1981
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are 240 x 125 x 240 x 125
- Lake Front
- Street terminates at a dead end
- South Facing Home
- Fenced
- Property is zoned R1-W
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
Home Design
- Metal Roof
- Stucco
Interior Spaces
- 2,935 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Fireplace
- Jalousie or louvered window
- French Doors
- Entrance Foyer
- Combination Dining and Living Room
- Den
- Tile Flooring
- Lake Views
- Fire and Smoke Detector
Kitchen
- Breakfast Bar
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
- Bathtub
- Shower Only
- Separate Shower
Laundry
- Laundry Tub
- Washer and Dryer Hookup
Pool
- Concrete Pool
- In Ground Pool
Outdoor Features
- Balcony
- Open Patio
- Porch
Utilities
- Central Heating and Cooling System
- Sewer Assessments
- Cable TV Available
Community Details
- No Home Owners Association
- Cape Coral Subdivision
Listing and Financial Details
- Legal Lot and Block 40 / 4534
- Assessor Parcel Number 14-45-23-C4-04534.0400
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 | $9,748 | $609,584 | -- | -- |
| 2023 | $9,467 | $585,485 | $0 | $0 |
| 2022 | $9,092 | $568,432 | $0 | $0 |
| 2021 | $9,524 | $597,914 | $392,652 | $205,262 |
| 2020 | $9,737 | $544,256 | $374,800 | $169,456 |
| 2019 | $9,788 | $549,081 | $374,800 | $174,281 |
| 2018 | $10,037 | $549,909 | $357,000 | $192,909 |
| 2017 | $9,427 | $467,561 | $303,000 | $164,561 |
| 2016 | $9,769 | $479,621 | $317,613 | $162,008 |
| 2015 | $9,716 | $464,905 | $270,483 | $194,422 |
| 2014 | $8,808 | $401,197 | $250,548 | $150,649 |
| 2013 | -- | $405,211 | $218,753 | $186,458 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2025 04/21/25 | Pending | -- | -- | -- |
| 03/21/2025 03/21/25 | Pending | -- | -- | -- |
| 03/09/2025 03/09/25 | Price Changed | $770,000 | -0.6% | $262 / Sq Ft |
| 03/09/2025 03/09/25 | For Sale | $775,000 | 0.0% | $264 / Sq Ft |
| 02/27/2025 02/27/25 | Price Changed | $775,000 | -2.5% | $264 / Sq Ft |
| 02/25/2025 02/25/25 | Price Changed | $795,000 | -0.6% | $271 / Sq Ft |
| 02/22/2025 02/22/25 | Price Changed | $800,000 | -3.6% | $273 / Sq Ft |
| 02/22/2025 02/22/25 | Price Changed | $830,000 | -1.2% | $283 / Sq Ft |
| 02/17/2025 02/17/25 | Price Changed | $840,000 | -3.7% | $286 / Sq Ft |
| 02/17/2025 02/17/25 | Price Changed | $872,000 | -1.1% | $297 / Sq Ft |
| 02/15/2025 02/15/25 | Price Changed | $882,000 | -1.1% | $301 / Sq Ft |
| 02/13/2025 02/13/25 | Price Changed | $892,000 | -0.6% | $304 / Sq Ft |
| 02/06/2025 02/06/25 | Price Changed | $897,000 | -0.3% | $306 / Sq Ft |
| 02/04/2025 02/04/25 | Price Changed | $900,000 | -2.2% | $307 / Sq Ft |
| 01/24/2025 01/24/25 | Price Changed | $920,000 | -1.1% | $313 / Sq Ft |
| 01/22/2025 01/22/25 | Price Changed | $930,000 | -0.5% | $317 / Sq Ft |
| 01/15/2025 01/15/25 | Price Changed | $935,000 | -0.5% | $319 / Sq Ft |
| 01/05/2025 01/05/25 | Price Changed | $940,000 | -1.1% | $320 / Sq Ft |
| 12/29/2024 12/29/24 | Price Changed | $950,000 | -13.6% | $324 / Sq Ft |
| 12/26/2024 12/26/24 | For Sale | $1,100,000 | +12.8% | $375 / Sq Ft |
| 12/23/2024 12/23/24 | Off Market | $975,000 | -- | -- |
| 12/17/2024 12/17/24 | For Sale | $975,000 | 0.0% | $332 / Sq Ft |
| 12/08/2024 12/08/24 | Off Market | $975,000 | -- | -- |
| 12/08/2024 12/08/24 | Price Changed | $975,000 | -2.5% | $332 / Sq Ft |
| 12/06/2024 12/06/24 | Price Changed | $1,000,000 | -16.7% | $341 / Sq Ft |
| 12/06/2024 12/06/24 | Price Changed | $1,200,000 | 0.0% | $409 / Sq Ft |
| 12/06/2024 12/06/24 | For Sale | $1,200,000 | -14.3% | $409 / Sq Ft |
| 11/22/2024 11/22/24 | Off Market | $1,400,000 | -- | -- |
| 11/19/2024 11/19/24 | For Sale | $1,400,000 | +115.4% | $477 / Sq Ft |
| 08/06/2018 08/06/18 | Sold | $650,000 | 0.0% | $221 / Sq Ft |
| 07/07/2018 07/07/18 | Pending | -- | -- | -- |
| 04/11/2018 04/11/18 | For Sale | $650,000 | +145.3% | $221 / Sq Ft |
| 10/09/2014 10/09/14 | Sold | $265,000 | +32.5% | $90 / Sq Ft |
| 09/09/2014 09/09/14 | Pending | -- | -- | -- |
| 02/19/2014 02/19/14 | For Sale | $200,000 | -- | $68 / Sq Ft |
Source: Florida Gulf Coast Multiple Listing Service
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $770,000 | Landsel Title | |
| Certificate Of Transfer | -- | -- | |
| Certificate Of Transfer | -- | -- | |
| Warranty Deed | $450,000 | Lansel Title Agency Inc | |
| Warranty Deed | $265,000 | Bankers Title & Escrow Servi | |
| Quit Claim Deed | $42,700 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $430,000 | New Conventional | |
| Previous Owner | $186,600 | Small Business Administration | |
| Previous Owner | $300,000 | Unknown | |
| Previous Owner | $405,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $212,000 | New Conventional | |
| Previous Owner | $470,000 | Negative Amortization | |
| Previous Owner | $251,000 | Fannie Mae Freddie Mac |
Source: Public Records
Similar Homes in Cape Coral, FL
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 224094107
APN: 14-45-23-C4-04534.0400
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