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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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$365,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $292,000 | $292,000 | $292,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | $135 | $135 | $135 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,798 | $1,846 | $2,425 |
| Total Monthly Payment | $2,007 | $2,055 | $2,634 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.