1503 NW 38 AVENUE, CAPE CORAL, FL, 33993
Active7 days on marketListed Aug 4, 2026MLS #S5155027
About this home
1503 NW 38 AVENUE
Experience modern waterfront luxury in this stunning new construction residence. Soaring ceilings, walls of impact glass, and an open-concept layout create a bright, airy atmosphere filled with natural light and breathtaking water views. The kitchen is the centerpiece of the home, featuring an oversized waterfall quartz island, sleek European-style cabinetry, premium stainless steel appliances, built-in oven and microwave, designer fixtures, and lots of storage, perfect for entertaining and everyday living. The master bedroom is a true private retreat with tray ceilings, oversized walk-in custom closets, and a spa-inspired bath showcasing dual floating vanities, LED backlit mirrors, a freestanding soaking tub, and dual glass-enclosed rainfall showers with floor-to-ceiling porcelain tile. Additional bedrooms are generously sized with high ceilings and designer finishes. Spacious laundry room with custom cabinetry and utility sink for everyday convenience. Seamless indoor-outdoor living space opens through oversized sliding glass doors to a covered lanai, sparkling pool, and tranquil waterfront setting, creating the ideal Florida lifestyle. Additional features include: Contemporary architectural design, 3-car garage, Large-format porcelain tile throughout, Impact windows and doors, High-end lighting and plumbing fixtures, Custom European cabinetry, Quartz countertops throughout, Designer tray ceilings and recessed LED lighting, Premium waterfront lot This residence combines luxury, functionality, and timeless modern elegance in one spectacular waterfront home. A must see!
Facts & features
The home at a glance
4
Bedrooms
3
Bathrooms
2,100
Sqft
0.24 ac
Lot size
2
Garage
2026
Year built
One
Levels
$476
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.
$6,178 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
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
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$6,178/mo
Includes estimated PMI — it drops off once you reach 20% equity. 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
+51.8%
$/sqft vs CAPE CORAL
$476 vs $246
Days on market
7 vs 51 typical
Where $476/sqft sits among the 146 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 Cape Coral
Get to know Cape Coral. See the full Cape Coral guide →
CAPE CORAL 33993 — neighborhood snapshot
Population
33,045
Median age
43.7
Median income
$89,220
Median home value
$319,500
Avg household
2.96
Households w/ children
3,468
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)
57 of 146
CAPE CORAL have cut their price
Median sold price, Cape Coral, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 1059% above the CAPE CORAL 33993 median. See the full Cape Coral market guide →
Paper trail
This home's history
Reality check
What actually sold near 1503 NW 38 AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$490,000
2213 SW 7TH PLACE · same community
3 bd · 2 ba · 2,067 sqft · $237/sqft · 101 DOM
Sold · Jun ’26$384,000
123 SW 29TH STREET · same community
4 bd · 2.5 ba · 2,048 sqft · $188/sqft · 46 DOM
Sold · Dec ’25$444,000
2711 SW 27TH STREET · same community
3 bd · 2 ba · 2,028 sqft · $219/sqft · 30 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
Gavin Hatcher
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 1503 NW 38 AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1503 NW 38 AVENUE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Gavin's phone and CRM.
Straight answers
1503 NW 38 AVENUE FAQs
What would the monthly payment be for 1503 NW 38 AVENUE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $6,178/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 1503 NW 38 AVENUE?+
The most recent tax bill on record (2025) was $2,973. 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 $999,900, this home is listed about 126% above the Cape Coral median of $442,500. The market section on this page shows how the area is trending.
Which schools are assigned to 1503 NW 38 AVENUE?+
Mariner Middle School (middle), Mariner High School (high), Trafalgar Elementary School (elementary), Challenger Middle School (middle), Hector A. Cafferata Junior Elementary School (elementary), Patriot Elementary School (elementary), Skyline Elementary School (elementary), Ida S. Baker High School (high), Cape Coral High School (high), North Fort Myers High School (high), Island Coast 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
$999,900 runs 1059% above the CAPE CORAL 33993 median — but at 2,100 sqft it's also 16% larger than the typical Cape Coral listing.
02Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
03Fresh on the market
Only 7 days on market in a Cape Coral market that averages 51 — if it fits, move quickly.
04Strong assigned schools
Mariner Middle School, Mariner High School, Trafalgar Elementary School, Challenger Middle School, Hector A. Cafferata Junior Elementary School, Patriot Elementary School, Skyline Elementary School, Ida S. Baker High School, Cape Coral High School, North Fort Myers High School, Island Coast High School — Challenger Middle School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of DIRECT REALTY SOLUTIONS · Ana Saya. MLS #S5155027.
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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