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$449,900
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Property Description
Welcome to The Drexel, a stunning home nestled in the heart of Cape Coral, FL situated on a Canal front lot with a seawall in place! This beautifully designed residence seamlessly blends modern elegance with exceptional functionality, offering the perfect setting for comfortable family living. Boasting a spacious, open-concept layout, The Drexel features three generously sized bedrooms, two luxurious bathrooms, and a versatile flex space-ideal for a home office, playroom, or any space that suits your needs. As you enter, you'll be greeted by soaring 9-foot ceilings and a striking Tray Ceiling, enhancing the sense of space and light. The home features sleek ceramic tile flooring throughout the main living areas, providing both style and durability, while plush carpeting in the bedrooms adds warmth and comfort. The heart of the home is the inviting great room, which flows effortlessly into the gourmet kitchen. Here, you'll find a spacious island with an eating bar, perfect for casual meals and entertaining, as well as beautiful granite countertops, shaker cabinets, and modern appliances that make cooking a joy. The primary suite is a private oasis, offering a spacious walk-in closet and an elegant en-suite bath with a spa-inspired design. The luxurious master bath features a double vanity, a tiled shower, and all the comforts you would expect from a well-crafted home. The two secondary bedrooms are equally spacious and share a well-appointed bathroom, creating an ideal layout for family living or guests. Designed with energy efficiency in mind, The Drexel includes Energy STAR qualified, insulated windows, low-emissivity glass, and a smart thermostat to ensure comfort all year round. The home also features an extended screened lanai, perfect for enjoying Florida's beautiful weather, as well as architectural shingles, hurricane shutters, and an irrigation system to maintain your landscaping. Additionally, a 2-car garage with garage openers and a paved driveway add to the home's convenience and curb appeal. Located in the vibrant and welcoming community of Cape Coral, The Drexel is perfectly positioned to take advantage of all that this beautiful area has to offer-scenic canals, lush parks, excellent shopping and dining, and easy access to the Gulf of Mexico. Whether you're relaxing at home or exploring the nearby attractions, this home offers the ideal combination of style, convenience, and quality of life. The Drexel is more than just a home-it's a lifestyle. Come experience the perfect blend of comfort and luxury in the heart of Cape Coral.
Full Property Details
Full Property Details for 2702 NW 1st Terrace
General
- Price: $449,900
- Taxes: (2023)
- Status: Active
- Type: Single Family
- Source: Bonita_Springs
- MLS ID: 225007100
- Updated: 12/30/2025
- Added to Site: 366 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: Great Room, Den - Study, Entrance Foyer, Pantry, Tray Ceiling(s), Walk-In Closet(s)
- Appliances: Disposal, Microwave, Range
- Furnishings: Unfurnished
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom: Dual Sinks, See Remarks, Shower Only
Bedrooms
- Total Bedrooms: 3
- Primary Bedroom: Master BR Ground
Other Rooms
- Kitchen: Kitchen Island, Pantry
- Dining Room: Breakfast Bar, Dining - Living, Eat-in Kitchen
- Laundry: Washer/Dryer Hookup, Inside
Additional Information
- Shared Amenities: None, No Subdivision
- Security/Safety: Smoke Detector(s), Smoke Detectors
Exterior
- Porch/Patio/Deck: Screened Porch, Screened Lanai/Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Driveway Paved, Attached
Location
- Area: CC42 - Cape Coral Unit 50, 54, 51, 52, 53,
- County: Lee
- Subdivision: CAPE CORAL
- Building Name: CAPE CORAL
- Driving Directions: From US-41, head west on Pine Island Rd (FL-78). Turn left onto Del Prado Blvd N and continue north. Turn right onto NW 26th St, then turn left onto NW 1st Ter. Your destination, 2702 NW 1st Ter, will be on your right.
- Direction Faces: North
School Information
- Elementary School: TRAFALGAR ELEMENTARY
- Middle School: TRAFALGAR MIDDLE
- High School: MARINER HIGH
Community
- Assoc. Fees Include: None
- Units Assoc/Comm: 1
- Pets Allowed: Yes
- Management Type: None
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Electric
- Heating Type: Central Electric
Utilities
- Sewer: Central
- Water: Central
- Cable Available: Yes
- Utility Description: Cable Available
Structural Information
- Description/Design: Single Family Residence
- Exterior Const.: Concrete Block, Stucco
- Roof: Shingle
- Windows: Other
- Stories/Levels: 1
- Stories in Building: 1
- Square Feet: 1,988
- Sq. Ft. Source: Architectural Plans
- Living Area: 1,988 Sq. Ft.
- Year Built: 2025
- Property Condition: New Construction
Additional Structures
- Other Structures: Guest House
Lot Features
- Property View: None/Other
- Lot Size (Acres): 0.265
- Lot Size (Sq. Ft.): 11,543
- Lot Size Source: Property Appraiser Office
- Irrigation System: Other
- Lot Features: Regular
- Zoning: R1-W
- Lot Description: Regular
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Tax Year: 2023
- Terms: Buyer Finance/Cash, FHA, VA Loan
Disclosures and Reports
- Ownership: Single Family
- Legal Description: CAPE CORAL UNIT 55 BLK 4008 PB 19 PG 95 LOTS 4 + 5
- Property ID: 08-44-23-C3-04008.0040
- Section: 8
- Block: 4008
- Lot Number: 4
Listed by New Home Star Florida LLC
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Schools
Schools serving 2702 NW 1st Terrace
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Trafalgar Elementary School 1850 Southwest 20th Avenue, Cape Coral, FL 33991 | K-5 | 2.6 mi |
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993 | K-5 | 3.4 mi |
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991 | K-5 | 3.5 mi |
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993 | 6-8 | 1.5 mi |
Trafalgar Middle School 2120 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 2.5 mi |
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 3.4 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 1.7 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 4.5 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 4.7 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 2702 NW 1st Terrace
Date
Details
Price
Change
Source
12/30/2025
Price Increased
$449,900
4.65%
MLS
10/17/2025
Price Reduced
$429,900
-6.52%
MLS
6/21/2025
Price Reduced
$459,900
-4.17%
MLS
4/25/2025
Price Reduced
$479,900
-4%
MLS
1/17/2025
Listed
$499,900
1119.27%
MLS
1/13/2023
Sold
$41,000
—
Public Record
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 2702 NW 1st Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$497
-50%
$32,300
3%
2024
$999
23%
$31,503
-1%
2023
$812
63%
$31,979
276%
2021
$498
-21%
$8,500
-47%
2022
$632
27%
$15,938
81%
2021
$498
11%
$8,800
37%
2019
$448
2%
$6,430
10%
2018
$440
6%
$5,845
-46%
2017
$414
8%
$10,901
9%
2016
$384
17%
$10,000
64%
2015
$328
21%
$6,100
1%
2014
$272
42%
$6,016
50%
2013
$191
—
$4,000
—
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 2702 NW 1st Terrace
2702 NW 1st Ter, Cape Coral, FL 33993 (MLS# 225007100) is a Single Family property with 3 bedrooms and 2 full bathrooms. 2702 NW 1st Ter is currently listed for $449,900 and was received on January 17, 2025. Want to learn more about 2702 NW 1st Ter? Do you have questions about finding other Single Family 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.

