420 SE 15th Terrace $375,000
- Beds
- 3
- Baths
- 2.00
- Ft2
- 1,873
- Lot Acres
- 0.23
- Year Built
- 1988
- Heat
- Central,Electric
- Roof
- Metal
**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!**
General Amenities
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Virtual Tour
420 SE 15th Terrace
Cape Coral, Florida 33990
United States
Cape Coral, Florida 33990
United States
Subdivision: CAPE CORAL
County: Lee
Sale Type: For Sale
Ref #: 2026033240
Last Updated: Tuesday, 18 August 2026 02:57
Category: Single Family
Listed by Schiff Realty, Inc
- Beds
- 3
- Baths
- 2.00
- Ft2
- 1,873
- Lot Acres
- 0.23
- Heat
- Central,Electric
- Cooling
- CentralAir,CeilingFans,Electric
- Roof
- Metal
- Year Built
- 1988
- Garage Size
- 2
- Frontage
- Yes
Virtual Tour
420 SE 15th Terrace
Cape Coral, Florida 33990
United States
Cape Coral, Florida 33990
United States
Subdivision: CAPE CORAL
County: Lee
Sale Type: For Sale
Ref #: 2026033240
Last Updated: Tuesday, 18 August 2026 02:57
Category: Single Family
Listed by Schiff Realty, Inc