305 NE 31ST TERRACE, CAPE CORAL, FL, 33909
Active174 days on marketListed Feb 19, 2026MLS #A4682597
About this home
305 NE 31ST TERRACE
Build your dream home on this well-located dry lot in desirable Northeast Cape Coral. Positioned in a growing residential neighborhood with established homes and new construction, this property offers a quiet setting with convenient access to Del Prado Blvd, US-41, shopping, dining, and schools. Nearby public boat ramps provide access to Cape Coral’s boating lifestyle without waterfront pricing. No HOA and located in a non-flood zone area, offering flexibility and long-term peace of mind. Whether you're building now or securing land for the future, this NE Cape Coral lot delivers location, value, and opportunity. The City of Cape Coral is launching a Utility Extension Project. For additional information visit their website.
Facts & features
The home at a glance
0.23 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$547 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$547/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Cape Coral
Get to know Cape Coral. See the full Cape Coral guide →
CAPE CORAL 33909 — neighborhood snapshot
Population
36,917
Median age
38
Median income
$79,096
Median home value
$292,800
Avg household
2.88
Households w/ children
4,297
For the school run
Lee County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Cape Coral market
$375K → $405K
Cape Coral median sold, yr/yr
96.4%
Sale-to-list ratio (12 mo)
Median sold price, Cape Coral, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 29% below the CAPE CORAL 33909 median. See the full Cape Coral market guide →
Paper trail
This home's history
Reality check
What actually sold near 305 NE 31ST TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$260,000
930 SW 34TH STREET · same community
3 bd · 2 ba · 1,182 sqft · $220/sqft · 68 DOM
Sold · Dec ’25$254,000
1714 NE 40TH LANE · same community
3 bd · 2 ba · 1,357 sqft · $187/sqft · 43 DOM
Sold · Mar ’26$298,000
4404 SW 7TH AVENUE · same community
3 bd · 2 ba · 1,359 sqft · $219/sqft · 51 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Yumiko Sugawara
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 305 NE 31ST TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 305 NE 31ST TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Yumiko's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
305 NE 31ST TERRACE FAQs
What would the monthly payment be for 305 NE 31ST TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $547/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 305 NE 31ST TERRACE?+
The most recent tax bill on record (2025) was $881. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Cape Coral?+
At $49,500, this home is listed about 89% below the Cape Coral median of $449,000. The market section on this page shows how the area is trending.
Which schools are assigned to 305 NE 31ST TERRACE?+
Diplomat Middle School (middle), Diplomat Elementary School (elementary), Dr Carrie D Robinson Littleton Elementary School (elementary), Tropic Isles Elementary School (elementary), Caloosa Middle School (middle), North Fort Myers High School (high), Caloosa Elementary School (elementary), Mariner High School (high), Island Coast High School (high), Hancock Creek Elementary School (elementary), Cape Coral High School (high), Ida S. Baker High School (high) — Lee County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the CAPE CORAL 33909 market on paper
$49,500 is 29% below the CAPE CORAL 33909 median of $70,000.
02Time on market is leverage
174 days on market against a Cape Coral median of 50 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Diplomat Middle School, Diplomat Elementary School, Dr Carrie D Robinson Littleton Elementary School, Tropic Isles Elementary School, Caloosa Middle School, North Fort Myers High School, Caloosa Elementary School, Mariner High School, Island Coast High School, Hancock Creek Elementary School, Cape Coral High School, Ida S. Baker High School — Diplomat Elementary School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of CAPITAL REAL ESTATE ENTERPRISE · Andrea Eck. MLS #A4682597.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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