706 SW 51ST TERRACE, CAPE CORAL, FL, 33914
Active114 days on marketListed Apr 14, 2026MLS #C7524657
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About this home
706 SW 51ST TERRACE
DISTINCTIVE CAPE COD STYLE HOME IN CAPE CORAL’S SOUGHT AFTER EIGHT LAKES AREA! Welcome to 706 SW 51st Ter, a unique 3-bedroom, 2-bath home offering 1,908 square feet of living space in one of Southwest Cape Coral’s most desirable neighborhoods. With its classic Cape Cod architecture, dormer windows, and inviting curb appeal, this home stands apart from the typical Florida-style homes and offers character rarely found in the area. Inside, the home has been updated with a beautifully remodeled kitchen featuring quartz countertops, shaker-style cabinetry, a stylish tile backsplash, built-in wine rack, pantry, and a large breakfast bar open to the family room, with French doors to the screened lanai. The layout flows into the formal dining room, and Living room. The primary bedroom is located on the main floor, and both bathrooms have been updated with walk-in tiled showers and glass doors. Upstairs, two generously sized bedrooms feature charming dormer windows and cozy reading nooks that create warm and inviting spaces full of character. Outdoor living is just as enjoyable with a large screened lanai overlooking the large backyard, along with a separate open-air patio area with privacy fencing, ideal for relaxing or entertaining. The oversized yard offers plenty of space to add a pool while still leaving room for landscaping or garden space. Additional highlights include a laundry room, 2-car garage, and an oversized paver driveway. Located in Cape Coral’s highly desirable SW area within the popular Eight Lakes neighborhood, this home is just minutes from Tarpon Point Marina, Cape Harbour, Downtown Cape Coral, Rotary Park, and the Rose Garden area, offering easy access to dining, shopping, and some of the area’s best amenities. If you’re looking for a home with distinctive architecture, modern updates, and a prime Cape Coral location, this property is one you won’t want to miss.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,908
Sqft
0.23 ac
Lot size
2
Garage
1981
Year built
Two
Levels
$178
Per sqft
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.
$2,446 /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
$2,446/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.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+11%
$/sqft vs CAPE CORAL
$178 vs $246
Days on market
114 vs 49 typical
Where $178/sqft sits among the 145 homes for sale in CAPE CORAL
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Eight Lakes
Get to know Cape Coral. See the full Cape Coral guide →
Eight Lakes — neighborhood snapshot
Population
515
Median age
68
Median income
$129,279
Median home value
$633,300
Avg household
2
Households w/ children
8%
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)
48 of 145
CAPE CORAL have cut their price
Median sold price, Cape Coral, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 15% below the CAPE CORAL 33914 median. See the full Cape Coral market guide →
Paper trail
This home's history
Reality check
What actually sold near 706 SW 51ST 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$375,000
3007 ACADEMY BOULEVARD · same community
3 bd · 2 ba · 1,914 sqft · $196/sqft · 101 DOM
Sold · Dec ’25$560,000
210 SW 37TH TERRACE · same community
3 bd · 2 ba · 1,856 sqft · $302/sqft · 163 DOM
Sold · Dec ’25$305,000
2730 NW 6TH STREET · same community
4 bd · 2 ba · 1,830 sqft · $167/sqft · 14 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
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 706 SW 51ST TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 706 SW 51ST TERRACE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
706 SW 51ST TERRACE FAQs
What would the monthly payment be for 706 SW 51ST TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,446/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 706 SW 51ST TERRACE?+
The most recent tax bill on record (2025) was $1,614. 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 $340,000, this home is listed about 24% below the Cape Coral median of $445,750. The market section on this page shows how the area is trending.
Which schools are assigned to 706 SW 51ST TERRACE?+
Pelican Elementary School (elementary), Cape Elementary School (elementary), Gulf Middle School (middle), Ida S. Baker High School (high), Gulf Elementary School (elementary), Cape Coral High School (high), Trafalgar Middle School (middle), Mariner High School (high), North Fort Myers 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
01Under the CAPE CORAL 33914 market on paper
$340,000 is 15% below the CAPE CORAL 33914 median of $399,000, and at $178/sqft it sits under the Cape Coral average of $296.
02Time on market is leverage
114 days on market against a Cape Coral median of 49 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Pelican Elementary School, Cape Elementary School, Gulf Middle School, Ida S. Baker High School, Gulf Elementary School, Cape Coral High School, Trafalgar Middle School, Mariner High School, North Fort Myers High School — Gulf Elementary School rates 4 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $365,000, now $340,000 — a $25K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of CENTURY 21 SELLING PARADISE · Christine Blasses. MLS #C7524657.
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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