Cape Coral Homes under $400,000

Cape Coral Homes under $400,000

Welcome to Cape Coral, Florida – a vibrant and picturesque city nestled in Lee County, known for its stunning waterfront views and a lifestyle that perfectly blends relaxation with recreation. With over 400 miles of navigable waterways, Cape Coral is a boater's paradise, offering direct access to the Gulf of Mexico and an array of outdoor activities. From fishing and kayaking to sunbathing on beautiful beaches, Cape Coral is an outdoor enthusiast's dream.

For those seeking an affordable slice of this Florida paradise, you’ll be delighted to discover a range of homes available for under $400,000. These properties offer not only great value but also a chance to experience the charm and warmth of Cape Coral living. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find an array of options, including cozy single-family homes, modern townhouses, and inviting villas.

The community spirit in Cape Coral is palpable, with numerous parks, recreational facilities, and events that bring residents together. Enjoy the vibrant local dining scene, unique boutiques, and cultural experiences that make Cape Coral a wonderful place to call home.

With its affordable housing options, stunning natural beauty, and a welcoming community, Cape Coral is the perfect place to start your next chapter. Explore the possibilities today and discover why so many are choosing to make Cape Coral their home!

Newest Cape Coral Homes under $400,000

27 NE 9th Place, Cape Coral
$329,800
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Move in ready 3 bedroom, 2 bathroom Cape Coral home with a new roof in 2025, new kitchen appliances in 2025, remodeled guest bathroom in 2026, new exterior siding in 2024, hurricane windows and hurricane sliding doors installed in 2023, and an updated AC system with all new ductwork. This 1,656 square foot home offers a desirable split bedroom floor plan, screened in lanai, room to add a pool, multiple living spaces, an updated kitchen, spacious primary bedroom, walk in closet, and a long list of recent improvements that make this a great option for buyers looking for an updated home in Cape Coral, Florida. The kitchen was remodeled in 2022 and offers an abundance of countertop space, making meal preparation and entertaining easy. New kitchen appliances were added in 2025, providing another important recent update. A convenient breakfast area is located directly off the kitchen, while the traditional dining area provides a separate space for formal meals and gatherings. The home also features both a living room and family room, giving you flexible space for entertaining, relaxing, working from home, or everyday living. The spacious primary bedroom offers plenty of room for a king size bedroom set and features a walk in closet for additional storage. The split bedroom layout places the additional bedrooms separately from the primary suite, offering privacy for homeowners, family members and guests. The guest bathroom was remodeled in 2026, adding another fresh and modern update to the interior. Sliding doors open to the screened in lanai, creating additional outdoor living space and an easy connection between the interior and exterior of the home. There is also room to add a pool, giving buyers the opportunity to create their own private pool area and take advantage of the Florida outdoor lifestyle. The list of major improvements continues throughout the home. The roof was replaced in 2025, the exterior siding was replaced in 2024, and hurricane windows, hurricane sliding doors and a hurricane rated skylight were installed in 2023. The air conditioner was replaced in 2021 and all AC ductwork was replaced in 2022. The interior was painted in 2022, while the kitchen was remodeled the same year. For buyers searching for a move in ready Cape Coral home, updated 3 bedroom homes in Cape Coral, homes with a new roof, hurricane windows, remodeled kitchen, updated bathrooms, newer AC system, screened lanai, pool potential or a split bedroom floor plan, this property offers a strong combination of updates, usable living space and future potential. With 1,656 square feet, 3 bedrooms, 2 bathrooms, a spacious primary suite, walk in closet, living room, family room, breakfast area, traditional dining space and screened in outdoor living area, the home provides plenty of flexibility for both everyday living and entertaining. Major recent improvements mean you can spend less time worrying about immediate updates and more time enjoying your Cape Coral home.

27 NE 9th Place, Cape Coral

919 SE 18th Terrace, Cape Coral
$379,000
4 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
**SPECTACULAR CUSTOM-BUILT HOME WITH EXCEPTIONAL FEATURES!** This beautifully maintained 4-bedroom, 2-bath residence offers 2,234 square feet of living space and an inviting, open floor plan filled with natural light. A newer roof and select impact-resistant windows provide added peace of mind, while the spacious layout offers plenty of room for comfortable living and entertaining. The impressive primary suite features a luxurious bathroom with dual sinks, a separate jetted soaking tub, and a walk-in shower, along with an oversized walk-in closet. Throughout the home, you'll find ceramic tile flooring in the main living areas, with carpeting in three bedrooms. The kitchen showcases granite countertops, while the living room is enhanced by a custom built-in wall unit and wiring for surround sound. A beautiful glass double-door entry creates an impressive first impression and opens to the bright, spacious interior. Step outside to the approximately 305-square-foot covered rear lanai with a tiled floor—an ideal space for morning coffee, entertaining, or enjoying the peaceful private backyard. Mature landscaping surrounds the property, while a charming front-yard koi pond with a waterfall adds a unique touch of Florida ambiance. Additional features include upgraded window coverings, abundant storage, and a well-designed floor plan that provides both functionality and privacy. **City water, sewer, and irrigation are already in place and paid in full. This custom home offers a wonderful combination of space, character, comfort, and desirable upgrades.

919 SE 18th Terrace, Cape Coral

2139 NE 28th Street, Cape Coral
$174,900
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
One or more photo(s) has been virtually staged, AI generated or rendered. OPPORTUNITY, FLEXIBILITY & POTENTIAL ! Discover the possibilities at **2139 NE 28th Street, Cape Coral, FL!** Offering 3 bedrooms, 2 bathrooms, and just under 1,200 square feet of living space, this single-family home presents an excellent opportunity for homeowners, investors, and buyers looking to create something of their own. The functional floor plan features an open living and dining area, a spacious kitchen with ample cabinetry, a primary suite, and two additional bedrooms. Outside, enjoy a partially fenced yard with mature tropical landscaping, offering room for outdoor entertaining, pets, or future improvements. **Major UPDATES include a NEW ROOF (2023) and NEW ELECTRICAL SERVICE (2023),** providing added value and peace of mind. The property is also located in **Flood Zone X**, where flood insurance is generally not required by mortgage lenders. Whether you're searching for an affordable primary residence, a seasonal Florida getaway, a long-term rental investment, or a property to renovate and personalize, this home offers flexibility for a variety of goals. Conveniently situated in Northeast Cape Coral, with access to major roadways, shopping, dining, schools, and everyday essentials, the location combines residential living with accessibility. This is your opportunity to secure a single-family home in Cape Coral with significant potential, valuable recent improvements, and the flexibility to make it your own. Bring your vision and discover the possibilities!

2139 NE 28th Street, Cape Coral

4238 NW 34th Terrace, Cape Coral
$396,000
4 Beds ⋅ 3 Baths ⋅ Cape Coral SubDv.
Beautiful Lot home, make it yours now! Bright and spacious property in a prime location, offering a peaceful residential setting with quick access to green areas and outdoor recreation. Discover this stunning, move-in-ready new construction home offering 1737 sq ft of living area located in the fastest-growing area of Cape Coral. Featuring a sleek contemporary layout with 10-foot ceilings and elegant tile flooring throughout, this residence boasts 4 spacious bedrooms and 3 stylish bathrooms. Enjoy a gourmet kitchen with white cabinetry, quartz countertops in both the kitchen and bathrooms, and stainless steel appliances. Bathrooms feature frameless glass-enclosed showers/bathtubs, adding a luxurious touch. A washer and dryer are also included for your convenience. The open floor plan seamlessly connects living, dining, and kitchen areas, while the private backyard offers a peaceful retreat. Built with Stem Wall foundation for enhanced elevation and structural strength, this home also features impact-resistant windows and doors, automatic garage door, irrigation system, and high-end finishes throughout. This property is ideal for families, snowbirds, or investors. Plus, it includes a builder’s warranty 2-years and 10-year structural coverage offering peace of mind for years to come. Don’t miss this incredible opportunity to own a high-quality home in a booming location!-WITH SHELVES, FILTER AND BLINDS

4238 NW 34th Terrace, Cape Coral

4238 Nw 34th Terrace, Cape Coral
$396,000
4 Beds ⋅ 3 Baths ⋅ Cape Coral SubDv.
Beautiful Lot home, make it yours now! Bright and spacious property in a prime location, offering a peaceful residential setting with quick access to green areas and outdoor recreation. Discover this stunning, move-in-ready new construction home offering 1737 sq ft of living area located in the fastest-growing area of Cape Coral. Featuring a sleek contemporary layout with 10-foot ceilings and elegant tile flooring throughout, this residence boasts 4 spacious bedrooms and 3 stylish bathrooms. Enjoy a gourmet kitchen with white cabinetry, quartz countertops in both the kitchen and bathrooms, and stainless steel appliances. Bathrooms feature frameless glass-enclosed showers/bathtubs, adding a luxurious touch. A washer and dryer are also included for your convenience. The open floor plan seamlessly connects living, dining, and kitchen areas, while the private backyard offers a peaceful retreat. Built with Stem Wall foundation for enhanced elevation and structural strength, this home also features impact-resistant windows and doors, automatic garage door, irrigation system, and high-end finishes throughout. This property is ideal for families, snowbirds, or investors. Plus, it includes a builder’s warranty 2-years and 10-year structural coverage offering peace of mind for years to come. Don’t miss this incredible opportunity to own a high-quality home in a booming location!-WITH SHELVES, FILTER AND BLINDS

4238 Nw 34th Terrace, Cape Coral

624 SW 9th Avenue, Cape Coral
$355,000
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Welcome to 624 SW 9th Ave, a well-maintained 3-bedroom, 2-bath pool home offering a fresh, move-in-ready interior, a thoughtful list of recent improvements and a convenient central Cape Coral location. Inside, higher ceilings help the home feel open and airy, while fresh interior paint throughout creates a clean, neutral backdrop ready for the next owner. The primary suite offers two spacious walk-in closets, and brand-new carpeting was just installed in both guest bedrooms. Step outside to a fully fenced backyard designed for easy Florida living. The solar-heated pool is surrounded by a paver deck, and the desirable southwest rear exposure offers beautiful afternoon light and the opportunity to enjoy colorful evening skies and sunsets from your own backyard. A hot tub will also convey with the property; the seller has never occupied the home and makes no representation as to its current operation. Additional highlights include a 2020 roof, 2-car garage, newly added manual storm shutters and a vinyl privacy fence — practical improvements that add comfort, convenience and peace of mind. Before listing, the sellers also completed a professional home inspection and addressed the minor items identified on the report, helping prepare the property for a smooth transition to its next owner. Located in Flood Zone X, where flood insurance is typically not required by lenders, the home sits in an established residential area between Pine Island Road and Veterans Parkway, making it easy to get around the city while staying close to schools, shopping, dining and the continued growth along the Pine Island Road corridor. Fresh, functional and easy to enjoy, this home offers a comfortable blend of indoor and outdoor living in a location that continues to benefit from Cape Coral’s ongoing expansion.

624 SW 9th Avenue, Cape Coral

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