See Home Value
Cape Coral 33914 Pelican
2606 SW 48th Terrace
$1,350,000 - $1,648,000
House - Off Market

2606 SW 48th Terrace

CAPE CORAL, FL 33914
bedrooms
4 Beds
bathrooms
4 Baths
square feet
4006 Sqft
Sold Mar 09, 2022
$1,500,000
$1,050,000 by Bridgewater Bank
Mortgage Due Mar 04, 2029
Sold Oct 19, 2016
$1,000,000
$850,000 by Capital Bank Na
Mortgage Due Nov 01, 2046

About This Property

This is the home you've been eagerly anticipating with new roof in 2023! Set upon one of Cape Coral's most exclusive lots, this residence boasts a generous footprint on a large lot of over half an acre. With 237 feet of water frontage, a coveted southern exposure on a rare, wider canal, you'll have fantastic water views with more privacy. Located at a prime location in the West Cape, you'll have easy access to shopping and amenities, yet being on a quiet street in a relaxing neighborhood. Upon entering, you'll be greeted by a striking dual staircase. The open-concept floor plan is designed for hosting, and features a well-appointed wet bar, perfect for entertaining family & friends. The primary suite, along with an additional bedroom are both conveniently located on the main level, while the second level offers 2 more en suite bedrooms, each offering balconies showcasing the incredible water views. With many updates including tile Roof, exterior paint, patio area tile and more, you'll enjoy the aesthetics of this home.

The manager has listed the unit size as 4006 square feet.
Unit Size
4,006Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$374
Property Type
House
Property Taxes
$1,696
HOA Dues
-
Year Built
1997

Price History

Date / Event Date Event Price
Apr 18, 2024 No longer available -
No longer available
Mar 18, 2024 In contract -
In contract
Mar 13, 2024 Price Decreased $1,499,900
↓ $187K (11.1%)
Price Decreased
Feb 1, 2024 Price Decreased $1,687,000
↓ $112K (6.2%)
Price Decreased
Oct 25, 2023 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: A
  • Building Style: Colonial
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Cathedral
  • Roof Cover Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 738
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 25,352
  • Total Building Area: 7,713
  • Gross Building Area: 7,713
  • Building Area: 3,871
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,871
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAPE CORAL
  • Land Acres: 0.582
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CAPE CORAL UNIT 72 BLK 5004 PB 23 PG 24 LOT 4

Ownership

  • Current Owner : J2Z PROPERTIES 1 LLC
  • Previous Owner : LENZ FAMILY REVOCABLE TRUST
  • Owner Before Previous Owner: HOFMANN HERBERT
  • Owner Before Previous Owner 2: HOFMANN ZUKROWSKA IWONA
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lee County School District
  • Census Tract: 010416

Zoning

  • Zoning: R1-W

Geography

  • Assessors Map Reference: 12-17
  • Account Number: 10116986
  • Subdivision Tract Number: C2
  • Parcel: 17-45-23-C2-05004.0040
  • Block: 5004
  • Lot: 4
  • Meridian: SEC 17 TWN 45S RNG 23E
  • Municipality: CITY OF CAPE CORAL
  • Latitude: 26.5616
  • Longitude: -82.0278

    Address

  • Full Address: 2606 Sw 48th Ter
  • Legal Unit: 72
  • Address - House Number: 2606
  • Street Direction: SW
  • Address - Street Name: 48th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Cape Coral
  • Carrier Code: R235
  • 4-Digit Zip Code: 6640
  • Zip Code: 33914

Valuation

    Tax

  • Total Area: 5,007
  • Tax Year: 2023
  • Tax Amount: $27,696
  • Tax Rate Code Area: 057

    Appraisal Valuation

  • Standard Deviation: 0.0826
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 93
  • Final Value: 1,637,445
  • High Value: 1,772,750
  • Low Value: 1,502,140

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,050,000
  • First Open Lien Mortgage Lender: BRIDGEWATER BANK
  • First Open Lien Mortgage Recording Date: Mar 09, 2022
  • First Open Lien Mortgage Loan Amount: $1,050,000
  • First Open Lien Mortgage Term: 83
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 04, 2029

    Market Valuation

  • Market Total Value: $1,669,446
  • Market Land Value: $1,224,580
  • Market Improvement Value: $407,740

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,669,446
  • Assessed Land Value: $1,224,580
  • Assessed Improvements Value: $407,740

    Sales

  • Current Sale Contract Date: Mar 03, 2022
  • Current Sale Recording Date: Mar 09, 2022
  • Current Sale Transaction ID: 11881313033
  • Current Sale Price: $1,500,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 79682
  • Previous Sale Recording Date: Oct 19, 2016
  • Previous Sale Contract Date: Oct 17, 2016
  • Previous Sale Amount: $1,000,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRIDGEWATER BANK
  • First Mortgage Transaction Date: Mar 09, 2022
  • First Mortgage Loan Amount: $1,050,000
  • First Mortgage Terms: 83
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 04, 2029

    Previous Mortgages

  • Previous Mortgage Lender: CAPITAL BANK NA
  • Previous Mortgage Transaction Date: Oct 19, 2016
  • Previous Mortgage Loan Amount: $850,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2046



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
3,035 ft²
$389/ft²
$1,180,000 Jul 30, 2023
$1,180,000 Sep 18, 2023
$558/mo
House
5 Beds
5 Baths
3,045 ft²
$489/ft²
$1,490,000 Jul 12, 2022
$1,490,000 Aug 22, 2023
$236/mo
House
5 Beds
4 Baths
2,594 ft²
$520/ft²
$1,350,000 Dec 1, 2023
$1,350,000 Feb 21, 2024
$230/mo
House
3 Beds
3 Baths
2,456 ft²
$627/ft²
$1,540,000 Nov 1, 2023
$1,540,000 Nov 15, 2023
$1,233/mo
House
4 Beds
3.5 Baths
3,489 ft²
$428/ft²
$1,495,000 Aug 19, 2022
-
$1,164/mo
House
4 Beds
3.5 Baths
3,127 ft²
$464/ft²
$1,450,000 Jan 31, 2024
-
$1,285/mo
House
4 Beds
3 Baths
3,416 ft²
$435/ft²
$1,485,000 Feb 18, 2024
-
$947/mo
House
4 Beds
3.5 Baths
2,991 ft²
$533/ft²
$1,595,000 Jul 10, 2023
-
$1,229/mo
House
4 Beds
3.5 Baths
2,871 ft²
$574/ft²
$1,648,000 Jan 10, 2024
-
$324/mo
House
4 Beds
3.5 Baths
2,678 ft²
$523/ft²
$1,399,999 Jul 10, 2023
-
$951/mo
House
4 Beds
2 Baths
2,793 ft²
$522/ft²
$1,459,000 Sep 15, 2023
-
$739/mo
House
4 Beds
3 Baths
2,340 ft²
$513/ft²
$1,200,000 Nov 4, 2023
-
$1,140/mo

About Pelican


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Frequently Asked Questions

When was property at 2606 Southwest 48th Terrace built and last sold?
The property at 2606 Southwest 48th Terrace was built in 1997 and last sold on Mar 3, 2022 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 2606 Southwest 48th Terrace is $1,796,809.
What are some comparable homes to 2606 Southwest 48th Terrace?
Homes that are comparable to 2606 Southwest 48th Terrace include a house property at 2234 Cape Coral Parkway West, 2834 Southwest 49th Terrace, 4612 Southwest 22nd Place.

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