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850 SE 1st Terrace

Cape Coral, FL 33990
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Bed 2

Bed

Bath 2

Bath

SqFt1,815

Sqft

Acres0.23

Acre(Lot)

THE ULTIMATE BOGO—BUY THE LAKEFRONT LOT AND GET THE HOUSE! Okay, maybe not literally, but when a property on beautiful Shamrock Lake is priced this close to lot value AND comes with a cute saltbox-style home with a new roof, impact windows, updated kitchen, two-car garage, in-ground spa and an unfinished second floor with even more potential…you have to admit, that’s one heck of an opportunity! This one is all about LOCATION, VALUE and POSSIBILITY—and there’s plenty of all three. Inside, 10’ ceilings and a greatroom-style floorplan give the home an open, airy feel, while large 8’ pocketing sliders put that LAKE VIEW front and center. The kitchen has already received a stylish refresh with white wood shaker cabinetry featuring tongue-and-groove construction and soft-close features, white an d gray granite countertops and a stunning backsplash. The home currently offers two bedrooms, each with the privacy of its own bathroom, including an en-suite arrangement with walk-in closet and several updates. But here’s where the POTENTIAL gets even more interesting—the unfinished second floor is already pre-plumbed and pre-wired and may offer the opportunity to create an additional bedroom, loft/study and/or bathroom. Bring your ideas and imagine what this home could become! Outside, the extended lanai is all about enjoying the Florida lifestyle and those wide-open lake views. There’s even a large in-ground concrete spa for soaking, relaxing and taking it all in. And Shamrock Lake isn’t just a pretty view—it’s your gateway to adventure! Head out from your own backyard and explore Cape Coral’s connected freshwater lakes and canals, whether you’re fishing, kayaking, boating, bird watching or simply enjoying an afternoon playing on the water. Newer impact-glass windows add another valuable improvement, while electric roll-down Kevlar shutters protect your patio furniture and lanai. The two-car garage features a newer hurricane-reinforced garage door. Thanks to Hurricane Ian this lovely home has NEW vinyl siding, NEW gutters and a NEW 2024 dimensional-shingle roof. The home was repiped several years ago, the water heater is NEW in 2026 and the HVAC is approximately 10–11 years old. City water and sewer are IN AND PAID. Even better, the property is not located in a mandatory flood insurance zone and experienced no water intrusion from any storms. CAPE CORAL is known for its 400 miles of canals—more than any other city in the world—Cape Coral offers boating, fishing, kayaking, waterfront dining, golf, parks, recreation and sunshine in abundance. With easy access to Fort Myers, area beaches, airports and all that Southwest Florida has to offer, it’s easy to understand why so many people love calling the Cape home. Shamrock Lake is your playground to explore, you can fish, kayak, boat, bird watch or simply sit back and enjoy the view. Come for the LAKEFRONT LOT, stay for all the possibilities…and decide for yourself if this might just be Cape Coral’s ultimate BOGO!

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Detail Ic Property Details

Property Type : Residential

Price : $300,000

AD Id : 89620894

MLS Id : 2026034208

Beds : 2

Lot Size : 0.23 Acre

Living Area Size : 1,815 Sq. Ft

Tax Amount : $1,141.27

Year Built : 1988

Garage : 2

County : Lee

Subdivision: Cape Coral

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 2

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Roofing Information

    Shingle

    Flooring Information

    Carpet, Tile
  • Interior Features

    BreakfastBar, BedroomOnMainLevel, EntranceFoyer, HighCeilings, LivingDiningRoom, MainLevelPrimary, MultiplePrimarySuites, ShowerOnly, SeparateShower, WalkInClosets, WindowTreatments, SplitBedrooms
    Roof: Shingle
    Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
    Laundry Features: Inside, LaundryTub
    Window Features: SingleHung, ImpactGlass, WindowCoverings
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir, Electric Water front: 1

  • Building Information

    Year Built: 1988
    Building Area Total: 4867
    Construction Materials: VinylSiding, WoodFrame
    Patio And Porch Features: Lanai, Porch, Screened
    Private Pool: No
    Water front Features: Lake,NavigableWater,Seawall,AcrossTheRoadWaterFrontage
    View: Lake, Water
  • Exterior Features

    Exterior Features: SprinklerIrrigation, RoomForPool, ShuttersElectric, ShuttersManual

  • Lot Information

    Lot Dimensions: 80 x 125 x 80 x 125 Main Square Feet: 0.23 Lot Size Acres: 0.23 Lot Size Source: Appraiser Lot Description: RectangularLot,SprinklersAutomatic

    Property Information

    Subdivision: CAPE CORAL Source Property Type: Residential Zoning Description: R1 Property SubType: Single Family Residence Direction Faces: South Property Age: 38

  • Listing Price Information

    Listing Price: $300000
    AllFinancingConsidered, Cash, FHA, VaLoan

  • Tax Information

    Parcel Number: 18-44-24-C1-01478.0240 Tax Lot: 24 + 25 Tax Block: 1478 Tax Year: 2025 Annual Tax: $1141.27 Tax Legal Desc: CAPE CORAL UNIT 16 BLK 1478 PB 13 PG 86 LOTS 24 + 25

  • Parking Information

    Attached, Garage, GarageDoorOpener

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 2 Pets Allowed: Yes

    Homeowners Association Information

    Included Fees: None
    Association Amenities: None
    Community Features: BoatFacilities, NonGated

  • Utility Information

    CableAvailable, HighSpeedInternetAvailable
  • Location Information

    Direction: North on Se 8th Pl to East on SE 1st Ter. Property is on the left. WaterSource: AssessmentPaid, Public Security Features: SecuritySystemOwned,SecuritySystem
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1832 SE Van Loon Terrace, Cape Coral, FL, 33990 $294,560 3 2 1,408 10,000 Sq. Ft
610 SE 21st Lane, Cape Coral, FL, 33990 $343,900 3 2 1,415 10,000 Sq. Ft
2374 Coral Point Drive, Cape Coral, FL, 33990 $1,750,000 4 4 3,915 0.23 Acre
2368 Coral Point Drive, Cape Coral, FL, 33990 $1,500,000 4 4 3,511 0.22 Acre
2306 SE 15th Terrace, Cape Coral, FL, 33990 $525,000 3 2 1,403 0.23 Acre
2314 SE 13th Street, Cape Coral, FL, 33990 $274,999 3 2 1,627 0.24 Acre
946 SE 23rd Place, Cape Coral, FL, 33990 $780,000 3 2 2,136 0.23 Acre
1239 SE 23rd Avenue, Cape Coral, FL, 33990 $469,900 4 2 2,156 0.34 Acre
2304 SE 8th Terrace, Cape Coral, FL, 33990 $360,000 4 3 1,903 --
2304 SE 8th Terrace, Cape Coral, FL, 33990 $398,900 4 3 1,903 0.23 Acre

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/16/2026 @ 15:45

MLS: 2026034208 LISTED BY: Paula Hellenbrand, Encore Realty Services Inc 239-542-4600 SOURCE: FGC

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