Where new homes are being built in Cape Coral
Most building is now in the north of the city, where lots were sold decades ago and utilities are still being extended. The city says it has extended water, sewer and irrigation to nearly all of Cape Coral south of Pine Island Road and is now working north, so northwest (33993) and northeast (33909) Cape Coral have the most new homes on individual lots. The southwest (33914) still has infill building on canal lots and in marina communities.
That pattern matters for costs. A lot in a utility extension area can carry a special assessment when lines arrive, while a lot that already has service may have paid it. The utility assessment guide explains how to check.
Cape Coral new-home builders and price ranges compared
These builder listings appeared on NewHomeSource on 25 September 2026. Prices are builder asking ranges and change often, so confirm current pricing and incentives directly.
| Builder | Community or program | ZIP | Listed price range |
|---|---|---|---|
| Centex | Sawgrass at Coral Lakes (townhomes) | 33909 | $249,990 to $274,990 |
| Lennar | New Homes in Cape Coral, Americana Series | 33991 | $286,990 to $386,499 |
| D.R. Horton | Stonewater | 33993 | $328,990 to $449,999 |
| D.R. Horton | Cape Coral Well and Septic | 33914 | $299,999 to $372,875 |
| Maronda Homes | Burnt Store Village | 33914 | $344,900 to $374,900 |
| LGI Homes | Cape Coral | 33914 | $320,900 to $373,900 |
| Holiday Builders | Cape Coral | 33909 | $279,990 to $420,990 |
| Adams Homes | Cape Coral North, Mid and South | 33909, 33991, 33914 | $332,300 to $510,850 |
| Christopher Alan Homes | Cape Coral | 33993 | $258,990 to $514,990 |
| Terrata Homes | Cape Coral | 33993 | $395,900 to $555,900 |
| Landstar Development | Marina Villas (townhomes) | 33914 | $549,900 to $683,900 |
Lennar also announced Palmetta Pines Townhomes in northeast Cape Coral, near U.S. 41 and Del Prado Boulevard, opening in summer 2026 with three-bedroom plans of 1,343 to 1,392 square feet priced from the $200,000s.
Each builder and community
Prices below are builder asking ranges from NewHomeSource on 25 September 2026, before lot premiums and options.
Lennar: Americana Series and Palmetta Pines
Lennar's scattered-lot Americana Series listed at $286,990 to $386,499 in 33991. Lennar also announced Palmetta Pines Townhomes in northeast Cape Coral near U.S. 41 and Del Prado Boulevard, opening in summer 2026 with three-bedroom plans of 1,343 to 1,392 square feet from the $200,000s.
D.R. Horton: Stonewater and well-and-septic homes
D.R. Horton listed Stonewater, a gated community of 337 homes in 33993, at $328,990 to $449,999, and a separate Cape Coral well-and-septic program in 33914 at $299,999 to $372,875. Ask which lots have city utilities.
Centex: Sawgrass at Coral Lakes
Centex listed townhomes at Sawgrass at Coral Lakes, inside the 370-acre Coral Lakes gated community in 33909, at $249,990 to $274,990, the lowest entry price in the table.
Maronda Homes: Burnt Store Village
Maronda listed Burnt Store Village in 33914 at $344,900 to $374,900.
LGI Homes
LGI listed Cape Coral homes in 33914 at $320,900 to $373,900.
Holiday Builders and Adams Homes
Holiday Builders listed homes in 33909 from $279,990 to $420,990. Adams Homes listed north, mid and south Cape Coral programs across 33909, 33991 and 33914 at $332,300 to $510,850.
Christopher Alan Homes and Terrata Homes
Both build on lots in 33993. Christopher Alan listed $258,990 to $514,990 and Terrata $395,900 to $555,900.
Landstar Development: Marina Villas at Cape Harbour
Landstar listed Marina Villas townhomes at Cape Harbour at $549,900 to $683,900, the top of the range, with a marina community setting.
Scattered-lot homes versus planned communities
When a builder lists its community simply as "Cape Coral", it usually builds on individual lots spread across the city's grid. You pick a lot and a plan. That gives you choice of location, often with no HOA, but each lot differs:
- Utilities. Some lots have city water and sewer; others need a well and septic system. D.R. Horton markets a separate well-and-septic program. Where city lines arrive later, a utility assessment and connection costs can follow. See the utility assessment guide.
- Neighbors and roads. A new home may sit next to vacant lots that will be built on later.
- Water frontage. Freshwater and gulf-access canal lots cost more and need seawall checks. See the waterfront homes guide.
Planned communities such as Stonewater, Sawgrass at Coral Lakes and Marina Villas at Cape Harbour come with an association, shared amenities and rules. Ask for the HOA budget and fees before you compare prices.
CDD and HOA fees on new Cape Coral homes
A community development district (CDD) is a special-purpose government that finances infrastructure through bonds and charges owners an annual assessment on the tax bill. Because most of Cape Coral was laid out as individual lots decades ago, many scattered-lot homes are not in a CDD, but some newer projects are. One example is the Cape Coral Town Center CDD, which the city created in August 2023 and which covers about 130 acres.
For any new home, ask the builder in writing:
- Is the lot in a CDD? If so, what are the annual debt and operations assessments, and when do the bonds pay off?
- What is the HOA fee, what does it cover and is the developer subsidizing it now?
- Are impact fees, utility connection charges and any utility assessment included in the price?
Then check the parcel's current tax bill for non-ad valorem lines. The Cape Coral cost of living guide lists the city's standard assessments.
Inspections, warranties and flood elevation
New homes must meet the Base Flood Elevations set by FEMA's Lee County maps, effective 17 November 2022. Ask for the elevation certificate once the slab is poured and again at completion, and give it to your insurance agent early. A home built to current elevation standards can price better for flood insurance than an older home below it. See the Cape Coral flood zone guide.
Hire your own inspector for pre-drywall and final inspections even on a new home, and read the builder's warranty for what counts as a structural defect. The Florida home inspection checklist covers timing.
New build or resale in today's market
Resale prices have been falling. Zillow's typical Cape Coral home value was $335,825 in August 2026, down 3.9% in a year, and a brokerage search on 25 September 2026 showed 605 new-construction listings at a median ask of $400,000. With that much supply, ask each builder about rate buydowns or closing-cost help.
Compare the total monthly cost of a new home, including any HOA or CDD, with a resale home that may need a roof or insurance upgrades. The Cape Coral housing market page tracks resale trends, and the ZIP code guide explains each area.
Buying new with a local agent
The builder's sales staff work for the builder. If you want your own representation, ask the builder before your first visit how it handles outside agents and whether your agent needs to register you on that visit. A local agent can compare the builder's price per square foot with nearby resales, check the lot's utility and flood status, and review the contract's deposit, delay and warranty terms. They can also ask what incentives the builder is offering this month, which often change faster than list prices. We can introduce you to a local agent who knows the Cape Coral builders.
Common questions
How much is a new construction home in Cape Coral?+
Builder listings on NewHomeSource in September 2026 ranged from about $250,000 for Centex townhomes at Sawgrass at Coral Lakes to about $684,000 for Marina Villas at Cape Harbour. Most single-family builder programs from Lennar, D.R. Horton, Maronda, LGI and Adams listed roughly between $290,000 and $450,000 before lot premiums and options.
Which builders are building in Cape Coral?+
Builders listing Cape Coral homes on NewHomeSource in September 2026 included Lennar, D.R. Horton, Centex, Maronda Homes, LGI Homes, Holiday Builders, Adams Homes, Christopher Alan Homes, Terrata Homes and Landstar Development. Lennar also announced Palmetta Pines Townhomes in northeast Cape Coral for summer 2026.
Do new homes in Cape Coral have CDD fees?+
It depends on the lot. Much of Cape Coral was laid out as individual lots decades ago, and many new homes are built on those lots without a CDD. A few newer projects sit in districts such as the Cape Coral Town Center CDD. Ask the builder in writing and check the parcel's tax bill for CDD lines.
Do new Cape Coral homes have city water and sewer?+
Not always. Some lots are served by city water and sewer, and others use a private well and septic system. D.R. Horton, for example, lists a separate Cape Coral well-and-septic program. If city lines later reach the area, a utility assessment and connection costs may follow, so ask for the lot's utility status in writing.
Where is most new construction in Cape Coral?+
Mainly in the north of the city. The city has extended utilities to nearly all of Cape Coral south of Pine Island Road and is now working north, where many vacant lots remain. In September 2026, builders listed homes across 33993, 33909, 33991 and 33914, including planned communities such as Stonewater and Sawgrass at Coral Lakes.
Should I use an agent to buy a new build in Cape Coral?+
It is usually worth it. The builder's sales team represents the builder. Your own agent can compare prices with resales, check the lot's utility and flood status, and review deposit and warranty terms. Ask the builder before your first visit whether your agent must register you then.
Sources
- NewHomeSource: New construction homes in Cape Coral, FL
- Lennar newsroom: Three new townhome communities coming to Southwest Florida (March 31, 2026)
- Cape Coral Town Center Community Development District
- City of Cape Coral: Flood protection and information
- GreaterFtMyers.com: Cape Coral new construction
- GreaterFtMyers.com: Cape Coral gated communities
- Zillow Research: Home value, rent and market data (August 2026)
- City of Cape Coral: Utilities Extension Project (UEP)
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Antonio Roberts
Antonio Roberts has spent five years helping more than 500 Florida buyers and sellers choose the right real estate agent. He is not a real estate agent himself: he researches what matters in a Florida move and connects people with licensed local agents, free of charge.
Reviewed by a licensed Florida real estate agent. Before publication, this guide was checked for accuracy by a licensed Florida real estate agent on our team. It is general information, not legal, tax or financial advice.
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