Cape Coral Homes under $500,000

Cape Coral Homes under $500,000

Welcome to Cape Coral, Florida—a vibrant city nestled in Lee County, known for its picturesque waterways, lush landscapes, and a welcoming community. Often referred to as the "Waterfront Wonderland," Cape Coral boasts over 400 miles of navigable waterways, making it a paradise for boating and fishing enthusiasts. With its sunny climate and an array of recreational activities, this charming city is not just a place to live, but a lifestyle to embrace.

If you're searching for your dream home in Cape Coral, you'll be delighted to know that there are plenty of options available under $500,000. This price range opens the door to a variety of beautiful properties, from cozy single-family homes to modern townhouses, all designed to suit diverse tastes and lifestyles. Imagine waking up in a charming residence with a spacious backyard, perfect for family gatherings or quiet evenings under the stars. Many homes in this price range offer desirable features such as updated kitchens, inviting living spaces, and even access to the stunning waterways that define Cape Coral.

In addition to its beautiful homes, Cape Coral is home to an array of amenities, including parks, shopping centers, and top-rated schools, making it an ideal location for families and retirees alike. With a strong sense of community and a plethora of outdoor activities, Cape Coral truly embodies the essence of Florida living. Whether you're looking to invest in a vacation home or settle down in a friendly neighborhood, Cape Coral has something for everyone. Come discover your perfect slice of paradise today!

Newest Cape Coral Homes under $500,000

1329 NE 17th Street, Cape Coral
$225,900
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
This is a short Sale subject to existing lender's approval which could result in delays.Gorgeous 3 bedrooms, 2 Baths, 2 car garage.Close to everything Surfside shops, restaurants,school perfect for first time home buyer.

1329 NE 17th Street, Cape Coral
1431 NW Embers Terrace, Cape Coral
$450,000
4 Beds ⋅ 3 Baths ⋅ Cape Coral SubDv.
Why Wait to Build? Step Into This 2022 home today. Skip the construction delays and move right into this beautifully designed, nearly-new home offering almost 2,400 sq. ft. of living space. Showcasing a highly desirable great room concept and a true split floor plan, this 4-bedroom, 3-full-bathroom home is built for both comfortable everyday living and effortless entertaining. Inside, you will find gorgeous tile flooring flowing seamlessly throughout, leading into a large, well-appointed kitchen. The spacious master retreat offers a private oasis complete with dual sinks, a separate tub, and a walk-in shower. A dedicated pool bath provides convenient direct access to the large, oversized lanai, where you will find plenty of backyard space ready for you to design your dream custom pool. Enjoy complete peace of mind with full impact windows and doors, plus a 3-car garage for all your toys and storage needs. Ideally located just off the Pine Island Road corridor, you are on central city water and sewer with a major bonus: no flood insurance is required! Why wait to build when your perfect Florida home is already waiting for you?

1431 NW Embers Terrace, Cape Coral
615 SW 39th Terrace, Cape Coral
$499,900
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
NEW LISTING – Welcome to Paradise and Your Beautiful Waterfront Pool Home. Situated on the Dorade Freshwater Canal with access to Mohave Lake, this Updated Pool Home has 3 Bedrooms, Den, 2 Baths, 2 Car Garage, and is being Sold Turnkey! You will Love the Updated Kitchen with Quartz Counters, Island, Breakfast Bar, Good-sized Pantry, and Custom Coffee Bar. The Kitchen is open to the Family Room, which has Pocketing Sliding Glass Doors that seamlessly Blend and Expand your indoor living to the Large Lanai and Pool area outdoors, Perfect for Entertaining and Relaxing, whether you are swimming in your Heated Pool, spending time with friends and family, watching your pets or children enjoy the fenced backyard, or just taking in the Waterview of the Canal. If you like to fish, the Dock may just become your favorite place to fish. Additional Upgrades and Features include a New Roof in 2021, AC 2020, Accordion and Roll-down Hurricane Shutters 2019, Water Heater 2018, Updated Bathrooms, Drop-down Stair Attic access, Automatic Sprinkler System, and Beautiful Wood Flooring in the Living Room, Office, and All the Bedrooms. The home is Storm Protected with Accordion Shutters for all the windows and Roll-down Shutters on the Lanai. The Living Room, Family Room, Lanai, and All Bedrooms are equipped with Ceiling Fans. Utility Assessments Are Paid in Full. NO FLOOD INSURANCE REQUIRED. Ideal Location close to Restaurants, Shopping, Golf, Schools, and just a Short Drive to RSW International Airport and the Punta Gorda Airport.

615 SW 39th Terrace, Cape Coral
2701 SW 4th Place, Cape Coral
$359,000
3 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Welcome to your move-in ready Cape Coral gem! Built in 2016 and thoughtfully updated, this beautifully maintained 3-bedroom + den, 2-bath home offers the perfect blend of style, comfort, and convenience. Step inside to discover a spacious, open kitchen designed to be the heart of the home, featuring a large center island, granite countertops, and attractive tile backsplash—ideal for everyday living and entertaining. The 2020 roof adds valuable peace of mind, while the flexible den provides the perfect space for a home office, study, or additional living area. The spacious primary suite is a true retreat, complete with an updated dual-sink vanity, stunning shower, and an oversized walk-in closet that is every shoe lover’s dream! Two additional bedrooms, office and a well-appointed second bath provide plenty of room for family and guests. Outside, enjoy beautiful landscaping and a fenced yard offering privacy and space to relax, entertain, or let your four-legged friends play. Centrally located in Cape Coral close to shopping, dining, and the popular restaurants and entertainment of Downtown Cape Coral. And for added convenience, this home is located in an X-Zone, meaning flood insurance is not lender-required. With its desirable updates, spacious layout, beautiful outdoor space, and convenient location, this home checks all the boxes. Move-in ready and waiting for you—come see why Cape Coral living could be your next great move!

2701 SW 4th Place, Cape Coral
1406 NE 12th Place, Cape Coral
$309,900
4 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
New Construction! Builder Incentive! Flex Cash of $5,000 towards closings costs, pre-paids, or rate buy down with the use of a preferred lender and preferred title. New Construction - 4 bedroom, 2 bathroom home. Concrete block home. One story home with an open floor plan perfect for cooking in the kitchen while entertaining your family and friends. Large master bedroom and walk in closet! Enjoy an open kitchen with shaker-style cabinets, Stainless Steel appliances (microwave, dishwasher, range), pantry, and a countertop bar to the gathering room. Your owner's suite is complete with a walk-in wardrobe closet and a private in-suite bath. Plus enjoy a 2-car garage, architectural shingles, energy-efficient insulation and windows, and a builder warranty. Please note that virtual tour/photos showcase the home layout and colors and design options although actual home for sale may differ and may not be exact depiction of this home listed. Furnishings and decor do not convey with home. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change at any time without notice or obligation.

1406 NE 12th Place, Cape Coral
5125 York Court, Cape Coral
$495,000
4 Beds ⋅ 3 Baths ⋅ Cape Coral SubDv.
WATERFRONT POOL HOME IN THE CAPE CORAL YACHT CLUB! Boater’s paradise! This turnkey 4-bedroom, 2-bath waterfront home sits on a quiet cul-de-sac with approximately 5-minute boat access to the Caloosahatchee River and the Gulf of Mexico. A third bathroom is currently being added. Enjoy eastern exposure, a private pool and spa, and a huge screened lanai with plenty of room for multiple seating and entertaining areas. The kitchen features wood cabinetry and an eat-in area overlooking the pool and waterfront. Major updates include a NEW ROOF, new seawall (2019), and A/C (2018). Tile runs throughout the main living areas, with carpet in the bedrooms. The location is hard to beat—about 5 minutes by boat to the river, approximately 5 minutes to Cape Coral Yacht Club Beach, and minutes from downtown Cape Coral’s restaurants and shopping. Waterfront, pool, spa, boat access, cul-de-sac, and turnkey living—this is the Cape Coral lifestyle.

5125 York Court, Cape Coral
4017 Palm Tree Boulevard Unit 406, Cape Coral
$240,000
2 Beds ⋅ 2 Baths ⋅ Clubhouse Villas SubDv.
Enjoy the best of Florida living in this beautifully updated, turnkey penthouse condo in the gated community of Banyan Trace! Located on the 4th floor, this 2-bedroom, 2-bathroom residence features soaring vaulted ceilings that create a bright, open, and spacious feel, with the convenience of an elevator. Modern tile plank flooring and granite countertops add a stylish touch, while the turnkey furnishings make this condo truly move-in ready. Just bring your suitcase and start enjoying the Florida lifestyle! Banyan Trace offers an array of resort-style amenities, including an oversized pool and spa, fitness room, tennis and pickleball courts, and bocce ball. Ideally situated in Southeast Cape Coral, you'll enjoy quick access to the new Bimini Square and vibrant downtown Cape Coral, where you can explore an abundance of restaurants, nightlife, farmers markets, and local entertainment. Whether you're looking for a seasonal getaway, full-time residence, or investment opportunity, this condo offers the perfect blend of comfort, convenience, and resort-style living!

4017 Palm Tree Boulevard Unit 406, Cape Coral
2430 NW 9th Terrace, Cape Coral
$385,000
4 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Welcome to 2430 NW 9th Terrace, a 2023-built, 4-bedroom, 2-bath pool home offering 1,828 square feet and the popular Cali floor plan. The open-concept interior features tile flooring throughout, a spacious kitchen with white cabinetry, quartz countertops, stainless steel appliances, and smart-home technology. The outdoor space is a standout, featuring a heated pool and spa, beautiful travertine pavers, and a fully fenced backyard - perfect for entertaining or simply enjoying the Florida lifestyle. Additional features include a two-car garage, paver driveway, and irrigation system. Conveniently located in Northwest Cape Coral near shopping, dining, parks, and boat ramps. Move-in ready with modern finishes and an outdoor space that truly sets this home apart.

2430 NW 9th Terrace, Cape Coral
3310 NW 5th Terrace, Cape Coral
$435,000
4 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Welcome to this spacious and beautifully maintained 4 bedroom plus den, 2 bath pool home, offering over $60,200 in recent improvements and more than 2,500 square feet of living space. Thoughtfully updated and designed for comfortable Florida living, this home combines generous living spaces, modern finishes, a desirable split bedroom floor plan, and an exceptional outdoor setting. Major improvements include a new roof (2023), new HVAC system (2020), whole-house reverse osmosis system (2021), remodeled primary bathroom and new tile flooring in all bedrooms (2021), updated kitchen with new appliances (2022, excluding microwave), new hurricane shutters and front of home windows (2022), new privacy fence (2023), pool mineralizer system (2023), new pool pump and timer (2024/2025), and a newly rescreened lanai (2024). Inside, the home features vaulted ceilings, generously sized rooms, and abundant natural light throughout. The large updated kitchen is the heart of the home, showcasing ample white cabinetry, granite countertops, a stunning tile backsplash, and stainless-steel appliances. The open and spacious living areas flow naturally toward the screened pool and lanai through large windows and sliding glass doors. The expansive primary suite offers a private retreat with two walk in closets and a beautifully remodeled en-suite bathroom featuring dual vanities, a soaking tub, and a separate tiled walk in shower. Three additional bedrooms provide plenty of space for family and guests, with newer tile flooring and walk in closets in two of the guest bedrooms. A separate den provides versatile space that can be used as a home office, study, media room, or additional living area. The formal dining room offers even more flexibility and could easily serve as a second den, sitting area, or additional flex space to suit your lifestyle. Step outside and enjoy the best of Florida living in the spacious screened pool and lanai area. The southern exposure provides an inviting outdoor setting, while the privacy fenced backyard offers additional seclusion. The property is beautifully landscaped and surrounded by mature royal palms, coconut palms, and lush tropical landscaping, creating a welcoming and distinctly Florida atmosphere. Additional features include an indoor laundry room and attached two car garage with epoxy flooring. The surrounding area is equally appealing, with the home nestled among beautiful luxury waterfront properties in a quiet, well established neighborhood. The property is also located near the Seven Islands Project and Cape Coral Grove, placing it in an area experiencing continued development and investment. With extensive improvements already completed, this property offers an exceptional opportunity to enjoy the Southwest Florida lifestyle with many of the major updates already taken care of.

3310 NW 5th Terrace, Cape Coral
3225 NW 21st Street, Cape Coral
$340,000
4 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Why start from scratch when you can move into a newer home with upgrades already in place? Built in 2022, this well-maintained Northwest Cape Coral home offers 1,808 square feet of living space, 4 bedrooms plus a den, 2 bathrooms and an open floor plan with room to work, relax, and entertain. Nine-foot ceilings create an airy feel, while tray ceilings in the living room and primary bedroom add architectural detail. Wood-look plank tile flows throughout the home.The spacious kitchen features white shaker-style cabinets, granite countertops, Samsung smart appliances, a pantry, and a large island with plenty of room for meal prep, casual dining, and entertaining. Step outside to the spacious screened lanai with paver flooring an inviting spot for morning coffee, weekend barbecues, and evenings with friends. The outdoor barbecue setup, complete with a mini refrigerator and sink, is included in the sale. A fenced yard, paver patio, and mango and avocado trees enhance the outdoor space, while a paver driveway adds curb appeal. Practical upgrades include a new A/C, a whole-home reverse osmosis system with a 500-gallon storage tank, whole-home surge protection, and a new generator with a 50-amp hookup for backup power. The garage features an epoxy floor and storage racks to help keep everything organized. The home is located near Coral Oaks Golf Course, with convenient access to shopping and dining along Pine Island Road and the site of the planned Seven Islands development. With thoughtful upgrades inside and out, this home is ready for its next chapter. Schedule your private showing today!

3225 NW 21st Street, Cape Coral
1403 SE 27th Street, Cape Coral
$272,000
2 Beds ⋅ 2 Baths ⋅ Cape Coral SubDv.
Discover this clean, move-in ready charming house in Cape Coral—ideal for first-time home buyers, downsizers, or anyone searching for in South Cape Coral. Located in a quiet yet convenient neighborhood, this well-maintained property offers excellent value among Cape Coral houses for sale under budget-friendly prices. Enjoy newer paint, stainless appliances, and a newer A/C in this non-smoker home. The flexible den provides extra living space for an office, guest room, or hobby area. Relax on the large screened lanai or enjoy the spacious backyard—perfect for outdoor Florida living. A 2-car garage rounds out this practical, low-maintenance home. Whether you’re looking for affordable Cape Coral real estate, starter homes in Cape Coral, or a peaceful place to call home near shopping, dining, and parks, this South Cape Coral gem delivers wholesome comfort and smart value. Schedule your showing today!

1403 SE 27th Street, Cape Coral
3026 Santa Barbara Boulevard, Cape Coral
$480,000
6 Beds ⋅ 4 Baths ⋅ Cape Coral SubDv.
Excellent investment opportunity in a highly desirable and centrally located Cape Coral area! This tenant-occupied duplex offers a total of 6 bedrooms and 4 bathrooms, with each unit featuring 3 bedrooms and 2 bathrooms. Conveniently located near Santa Barbara Blvd and Gleason Pkwy, with easy access to shopping centers, restaurants, schools, and other everyday conveniences. With tenants already in place, this property provides an established rental arrangement from day one. A great opportunity for investors looking to add a well-located income-producing property to their portfolio. Schedule your showing today!

3026 Santa Barbara Boulevard, Cape Coral
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