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$789,999
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Property Description
I am thrilled to share an exceptional investment opportunity with you-a well maintained 8-Plex that is currently fully occupied SW Cape. (Gold Coast West-Professionally Managed - No age restrictions) This property is a true gem, offering both stability and considerable upside potential and low HOA fees. Situated in a single building, the 8-Plex includes eight units, with the seller owning five out of the eight. The layout has been thoughtfully designed around a private central courtyard, complete with a charming and functional solar heated pool. Imagine walking through the breezeway to find your own private oasis, featuring picnic tables and a privately fenced yard, perfect for gatherings or quiet enjoyment. Each of the five spacious units within the property each boasts 2 bedrooms and 2 bathrooms, providing ample space for tenants. The convenience of in-unit laundry adds an extra layer of appeal. The units feature either tile flooring throughout or luxury vinyl, ensuring durability and ease of maintenance. Additionally, screened lanais extend the living space outdoors, creating a delightful and versatile environment for tenants. Recent capital improvements have been made, ensuring peace of mind for any potential investor. Each unit has been updated, showcasing the added value potential for future renovations. Building has been freshly painted as well. Less than a mile from Cape Harbour Marina, with great restaurants, shopping and boating. This property offers a rare opportunity in today's market, blending turnkey income, long-term appreciation, and prime rental appeal. Properties like this seldom hit the market, so don't hesitate-seize this ideal investment opportunity today!
Full Property Details
Full Property Details for 1429 SW 48th Terrace #3-7
General
- Price: $789,999
- Taxes: $10,970 (2024)
- Status: Active
- Type: Commercial Residential Facility
- Source: Bonita_Springs
- MLS ID: 2025016684
- Updated: 1/28/2026
- Added to Site: 84 day(s) ago
Business
- Business Type: Commercial Only
Rental Information
- Lease Info: Monthly Gross
Parking
- Total Spaces: 12
Location
- Area: CC21 - Cape Coral Unit 3, 30, 44, 6
- County: Lee
- Driving Directions: Cape Coral Parkway go south on Chiquita, turn left 1st street which is SW 48th Street. Condo on the left.
Heating & Cooling
- Air Conditioning: Yes
Utilities
- Utility Description: Electricity Available, Water Available
Structural Information
- Description/Design: Multi-Family: 5+ Units
- Stories/Levels: 2
- Stories in Building: 2
- Current Bldg. Use: Investment
- Year Built: 1984
Lot Features
- Lot Size (Acres): 0.0895
- Lot Size (Sq. Ft.): 3,898
- Lot Size Source: Property Appraiser Office
- Frontage Feet: 91
- Fence: Yes
- Fencing (Description): Fenced
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Price Per Acre: $161
- Assoc Fee Freq.: Annually
- Tax Amount: $10,970
- Tax Year: 2024
Disclosures and Reports
- Legal Description: Gold Coast West Condo
- Inclusions: Building And Land
- Property ID: 15-45-23-C1-01600.0060
Listed by EXP Realty LLC
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Schools
Schools serving 1429 SW 48th Terrace #3-7
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Gulf Elementary School 3400 Southwest 17th Place, Cape Coral, FL 33914 | K-5 | 2 mi |
Pelican Elementary School 3525 Southwest 3rd Avenue, Cape Coral, FL 33914 | K-5 | 2.2 mi |
Cape Elementary School 4519 Vincennes Boulevard, Cape Coral, FL 33904 | K-5 | 3.5 mi |
Gulf Middle School, Cape Coral, FL 1809 Southwest 36th Terrace, Cape Coral, FL 33914 | 6-8 | 1.8 mi |
Trafalgar Middle School 2120 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 4.1 mi |
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 4.2 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 1.9 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 3.6 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 7.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1429 SW 48th Terrace #3-7
Date
Details
Price
Change
Source
1/28/2026
Price Reduced
$789,999
-1.24%
MLS
12/01/2025
Listed
$799,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1429 SW 48th Terrace #3-7
Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
100%
2024
100%
100%
2023
100%
100%
2022
100%
100%
2021
100%
100%
2020
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1429 SW 48th Terrace #3-7
1429 SW 48th Ter #3-7, Cape Coral, FL 33914 (MLS# 2025016684) is a Commercial Residential Facility property. 1429 SW 48th Ter #3-7 is currently listed for $789,999 and was received on December 01, 2025. Want to learn more about 1429 SW 48th Ter #3-7? Do you have questions about finding other Commercial Residential Facility real estate for sale in Cape Coral? You can browse all Cape Coral real estate or contact a Coldwell Banker agent to request more information.

