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3 Beds
2 Baths
1,873 sqft

$369,500

420 SE 15th TER, Cape Coral FL, 33990

Price per sqft$197.28
Built in1988
Property size1,873 sqft
Property typeResidential

Overview

Active

Listed Aug 17, 2026

Updated Sep 11

**GREAT INVESTMENT OPPORTUNITY – NOT IN A FLOOD ZONE X – TENANT IN PLACE – SOUTHERN EXPOSURE WATERFRONT HOME!** Fantastic investment opportunity! Beautiful **concrete block waterfront home** with 3 bedrooms, 2 baths, 2-car garage and southern exposure on a freshwater canal. Tenant in place through **April 1st, paying $1,950/month and taking care of the lawn.** Start collecting rental income immediately while owning a beautifully updated waterfront property! Located in ** Not In Flood Zone X**, with **city water and sewer**, canal views, brick paver driveway and a **fully fenced property**. White vinyl fencing in front and Left Side with chain-link fencing along the right sides and rear provides security for pets and family while preserving the water views. A HUGE highlight is the **2025 stone-coated STEEL ROOF that looks like beautiful tile!** Get the upscale appearance of tile with the strength, durability and benefits of a metal roof—a combination that can be favorable from an insurance standpoint. **3-nail roof strapping** was also completed in 2025 to help with insurance rates. Seller would prefer to keep this income-producing property but needs to sell to complete another property, creating a great opportunity for the next owner. Enter through double doors into a spacious home with high ceilings, tile throughout the main living areas and **hurricane-impact windows, doors and sliders**. Huge living room with recessed lighting and a 3-panel impact-glass pocket slider opening to the lanai for true indoor-outdoor living. Remodeled kitchen features **quartz countertops, real wood cabinets**, U-shaped counter, large pantry and spacious dining area with bay windows. Bedrooms feature waterproof luxury vinyl plank flooring. Primary suite has double sliders to the oversized lanai and a remodeled spa-like bath with quartz vanity, walk-in shower, decorative stone accents, built-in niches, handheld and rain showers, plus LED lighting. Remodeled guest bath offers quartz countertop, real wood cabinetry and tub/shower. Outside, enjoy a **large concrete patio, southern exposure and freshwater canal views**, perfect for entertaining, barbecuing and relaxing. Interior laundry with newer washer/dryer, storage shed and 2-car garage with insulated hurricane-rated garage door. **UPGRADES:** **2026** New hot water heater. **2025** Stone-coated steel roof, 3-nail strapping, remodeled kitchen & baths, quartz counters, real wood cabinets, waterproof vinyl plank bedroom flooring, interior & exterior painted. **2022** New A/C with UV lighting. **2017** High-impact windows, doors & sliders; paver driveway. **2014** Re-piped with CPVC. Close to **schools, shopping, dining, restaurants, hospitals and everyday conveniences.** Immediate rental income, major upgrades, Flood Zone X, city water/sewer, full fencing, southern exposure and canal frontage. **GREAT INVESTMENT AT A GREAT PRICE – DON'T MISS OUT!**

$2,458/mo

Est. mortgage payment based on a $369,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2026033240

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.23 Acres

Other Property Details

Taxes
$6,700
Tax Frequency
Annually
Secondary Association Fee
Not Listed
Garage
Yes
View
Yes
Waterfront
Yes
55+/Senior Community
No

Also listed on MLSN

Listed by Edward Schiff, Schiff Realty, Inc

Listing Contact: 239-699-7559 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Owens Jablonski | Gulf Coast Advisors shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:17 AM UTC, 9/11/2026

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