For Sale House MLS# 2026033240

420 SE 15th TER

CAPE CORAL, FL 33990

$369,500

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About 420 SE 15th TER

**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!**

Property details

Property

Type
Single Family Residence
MLS type
Single Family Home
Status
Active
Year built
1988
Stories
1
Living area
1,873 sqft
Price / sqft
$197
Lot
0.23
Full baths
2
Furnished
Unfurnished
Original price
$375,000
MLS #
2026033240

Interior

Features
true, Ceiling Fan(s), Central Electric, Breakfast Bar, Eat-in Kitchen, Formal, Closet Cabinets, French Doors, Pantry, Smoke Detectors, Vaulted Ceiling(s), Window Coverings, Zero/Corner Door Sliders, true, Central Electric, Laundry in Residence, Tile, Vinyl, Electric Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Icemaker, Washer
Appliances
Electric Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Icemaker, Washer
Flooring
Tile, Vinyl
Heating
true, Central Electric
Cooling
true, Ceiling Fan(s), Central Electric
Laundry
Laundry in Residence
Windows
Window Coverings

Exterior & lot

Features
Ranch, Single Family, Open Porch/Lanai, Storage, Storage, Covered, Driveway Paved, Attached, Parking spaces: 2
Construction
Concrete Block, Stucco, 1, Concrete Block, Metal, Window Coverings
Roof
Metal
Foundation
Concrete Block
Lot
Canal, Landscaped Area, Water, View, CAPE CORAL UNIT 24 BLK.1014 PB 14 PG 68 LOTS 62 + 63, 24-44-23-C3-01014.0620, Fenced, No Commercial, No RV
Fence
Fenced
View
Canal, Landscaped Area, Water
Waterfront
Canal Front, Seawall
Parking
Covered, Driveway Paved, Attached
Garage spaces
2

Schools

District
Lee County School District

Utilities

Utilities
Central
Water
Central
Security
Smoke Detector(s)

Financial

Financial
Florida Gulf Coast
Annual tax
$6,700
Tax year
2025
Parcel
24-44-23-C3-01014.0620
Legal
CAPE CORAL UNIT 24 BLK.1014 PB 14 PG 68 LOTS 62 + 63

Location

Subdivision
CAPE CORAL
Area
CAPE CORAL
County
Lee
Community
Lee, Paved, 0.0, Florida Gulf Coast

Location

Neighborhood
CAPE CORAL
School district
Lee County School District

Ask about this property

Questions on 420 SE 15th TER, CAPE CORAL, FL 33990, or want to see it in person?

Listed by Edward Schiff, Schiff Realty, Inc

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.