623 NE 7TH TERRACE, CAPE CORAL, FL, 33909
Active73 days on marketListed May 29, 2026MLS #S5150905
About this home
623 NE 7TH TERRACE
Build your dream home on this exceptional freshwater lot in one of Cape Coral's fastest-growing areas! This prime homesite offers the added value of approximately $23,000 in completed city water and sewer improvements, saving future owners significant time and expense. Surrounded by newer homes and ongoing development, this property provides an excellent opportunity for builders, investors, or anyone looking to create their custom Florida retreat. Enjoy the peaceful setting while remaining conveniently located near shopping, dining, schools, parks, and major roadways. With Cape Coral continuing to experience strong growth and demand, vacant lots with utility improvements already in place are becoming increasingly desirable. Don't miss this opportunity to secure a premium homesite in a thriving neighborhood with substantial infrastructure value already invested. Verify utility assessment status and building requirements with the City of Cape Coral.
Facts & features
The home at a glance
0.24 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.
$1,106 /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
$1,106/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 79% above the CAPE CORAL 33909 median. See the full Cape Coral market guide →
Paper trail
This home's history
Reality check
What actually sold near 623 NE 7TH 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
Kamilla Pagotto
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 623 NE 7TH TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 623 NE 7TH TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Kamilla's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
623 NE 7TH TERRACE FAQs
What would the monthly payment be for 623 NE 7TH TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,106/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 623 NE 7TH TERRACE?+
The most recent tax bill on record (2025) was $1,862. 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 $125,000, this home is listed about 72% below the Cape Coral median of $441,200. The market section on this page shows how the area is trending.
Which schools are assigned to 623 NE 7TH 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
Four things that matter here
01Positioned at the premium end
$125,000 runs 79% above the CAPE CORAL 33909 median.
02Water views
The water view is part of what you're buying — views hold value independently of the structure.
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.
04The price has already moved
Listed at $149,000, now $125,000 — a $24K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of STAR PLATINUM REALTY GROUP INC · David Cepeda. MLS #S5150905.
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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