420 SE 15th Terrace, Cape Coral, FL 33990

$369,500 · Active

MLS #2026033240

Price

$369,500

Status

Active

Bedrooms

3

Bathrooms

2

Living area

1,873 sq ft

Home type

SingleFamilyResidence

Year built

1988

Lot size

0.23 acres

Full bathrooms

2

Half bathrooms

0

Private pool

No

Waterfront

Yes

HOA

No

55+ community

No

County

Lee

Garage spaces

2

Annual property taxes

$6,700

Subdivision

CAPE CORAL

Style

Ranch, OneStory

Appliances & Equipment

Dryer · Dishwasher · ElectricCooktop · Disposal · IceMaker · Microwave · Refrigerator · RefrigeratorWithIceMaker · Washer

Bathrooms

2 total bathrooms · 2 full bathrooms

Bedrooms

3 total bedrooms

Building

Built in 1988 · Living area: 1873.0 · Building faces North · 1 storey · Entry level: 0 · Construction Materials: Block, Concrete, Stucco

Community

BoatFacilities · NonGated

Cooling

CentralAir · CeilingFans · Electric

Exterior Features

Patio/Porch Features: Open, Patio, Porch · Fence · SecurityHighImpactDoors · Patio · Storage

Floors

Tile · Vinyl

Garage

2 spaces

Heating

Central · Electric

Home Owner's Association

Association Fee: $0 · Fee Includes: None · Amenities: None, Management

Interior Features

BreakfastBar · BedroomOnMainLevel · ClosetCabinetry · SeparateFormalDiningRoom · EatInKitchen · FrenchDoorsAtriumDoors · MainLevelPrimary · Pantry · SplitBedrooms · ShowerOnly · SeparateShower · CableTv · VaultedCeilings · WindowTreatments

Laundry

Inside

Lot

0.23 acres · Dimensions: 80 x 125 x 80 x 125 · RectangularLot

Parking

2 covered spaces · Attached · Covered · Driveway · Garage · Paved · TwoSpaces · GarageDoorOpener

Pets Policy

Allowed: Call, Conditional

Property

Resale · Canal · Landscaped · Water

Roof

Metal

Sewer

PublicSewer

Utilities

CableAvailable · HighSpeedInternetAvailable · Water Source: Public

Water Features

CanalAccess · Seawall

Windows

ImpactGlass · WindowCoverings

View virtual tour

About this home

**GREAT INVESTMENT OPPORTUNITY – NOT IN A FLOOD ZONE X – TENANT IN PLACE – SOUTHERN EXPOSURE WATERFRONT HOME!** Fantastic investment opportunity! Beautiful **concrete block waterfront home** with 3 bedrooms, 2 baths, 2-car garage and southern exposure on a freshwater canal. Tenant in place through **April 1st, paying $1,950/month and taking care of the lawn.** Start collecting rental income immediately while owning a beautifully updated waterfront property! Located in ** Not In Flood Zone X**, with **city water and sewer**, canal views, brick paver driveway and a **fully fenced property**. White vinyl fencing in front and Left Side with chain-link fencing along the right sides and rear provides security for pets and family while preserving the water views. A HUGE highlight is the **2025 stone-coated STEEL ROOF that looks like beautiful tile!** Get the upscale appearance of tile with the strength, durability and benefits of a metal roof—a combination that can be favorable from an insurance standpoint. **3-nail roof strapping** was also completed in 2025 to help with insurance rates. Seller would prefer to keep this income-producing property but needs to sell to complete another property, creating a great opportunity for the next owner. Enter through double doors into a spacious home with high ceilings, tile throughout the main living areas and **hurricane-impact windows, doors and sliders**. Huge living room with recessed lighting and a 3-panel impact-glass pocket slider opening to the lanai for true indoor-outdoor living. Remodeled kitchen features **quartz countertops, real wood cabinets**, U-shaped counter, large pantry and spacious dining area with bay windows. Bedrooms feature waterproof luxury vinyl plank flooring. Primary suite has double sliders to the oversized lanai and a remodeled spa-like bath with quartz vanity, walk-in shower, decorative stone accents, built-in niches, handheld and rain showers, plus LED lighting. Remodeled guest bath offers quartz countertop, real wood cabinetry and tub/shower. Outside, enjoy a **large concrete patio, southern exposure and freshwater canal views**, perfect for entertaining, barbecuing and relaxing. Interior laundry with newer washer/dryer, storage shed and 2-car garage with insulated hurricane-rated garage door. **UPGRADES:** **2026** New hot water heater. **2025** Stone-coated steel roof, 3-nail strapping, remodeled kitchen & baths, quartz counters, real wood cabinets, waterproof vinyl plank bedroom flooring, interior & exterior painted. **2022** New A/C with UV lighting. **2017** High-impact windows, doors & sliders; paver driveway. **2014** Re-piped with CPVC. Close to **schools, shopping, dining, restaurants, hospitals and everyday conveniences.** Immediate rental income, major upgrades, Flood Zone X, city water/sewer, full fencing, southern exposure and canal frontage. **GREAT INVESTMENT AT A GREAT PRICE – DON'T MISS OUT!**

Courtesy of Edward Schiff, Schiff Realty, Inc.

Contact LPT Realty at (877) 366-2213 to ask about this home.