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430 SW 47th Terrace

Cape Coral, FL 33914
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Acres0.69

Acre(Lot)

Prime development opportunity in South Cape Coral. This entitled land parcel is offered with approved plans for a mixed-use project featuring 39 workforce housing apartments and 8300 sq ft of commercial space. The site is zoned CP (confirm with zoning for intended use), offering an ideal live-work scenario for residents. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. High rental demand and flexible use make this a standout investment opportunity, offering stable income potential through long-term residential and commercial leases. The property is deed-restricted under Florida's Live Local Bill, requiring 40% of units to be leased to individuals earning no more th an 120% of the Area Median Income (AMI), which is $88,800 as of April 2024. Whether you're a developer or investor seeking to contribute to Cape Coral's workforce housing solutions while capturing long-term value, this property is ready for action. Buyers have options: 1) Acquire the entitled lot ($995,000) and building plans to build under their own contractor and financing 2) Use Curran Young and the current construction estimate: $250/sf. Pre-construction pricing is subject to change. Specifications, features, and availability may be modified prior to contract. Property is currently undeveloped and not subject to any lease or rental agreements. Buyer is responsible for securing any future tenants or rental arrangements.

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Detail Ic Property Details

Property Type : Land

Price : $995,000

AD Id : 86106205

MLS Id : 2026027499

Lot Size : 0.69 Acre(Lot)

County : Lee

Subdivision: Cape Coral

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Feature Features

  • Lot Information

    Lot Dimensions: 240 x 125 x 240 x 126 Main Square Feet: 0.688 Lot Size Acres: 0.688 Lot Size Source: Appraiser Lot Description: MultipleLots,OversizedLot

    Property Information

    Subdivision: CAPE CORAL Source Property Type: Land Zoning Description: CP Property SubType: Commercial Direction Faces: Southwest

  • Listing Price Information

    Listing Price: $995000
    AllFinancingConsidered, Cash, Exchange1031

  • Tax Information

    Parcel Number: 11-45-23-C4-01700.0390 Tax Lot: 39 THRU 44 Tax Block: 1700 Tax Year: 2025 Annual Tax: $4869 Tax Legal Desc: CAPE CORAL UNIT 44 BLK 1700 PB 21 PG 106 LOTS 39 THRU 44

  • Homeowners Association Information

    Included Fees: None
    Community Features: NonGated, None

  • Utility Information

    ElectricityAvailable, SewerAvailable, TrashCollection, WaterAvailable
  • Location Information

    WaterSource: AssessmentPaid
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/06/2026 @ 16:45

MLS: 2026027499 LISTED BY: Kyle Doyon, Coast Life Properties LLC 239-402-5581 SOURCE: FGC

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