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503 SW 3rd Court

Cape Coral, FL 33991
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Acres0.57

Acre(Lot)

503 SW 3rd Ct. is a premier 0.57± acre waterfront residential development opportunity located in the heart of Cape Coral. Overlooking scenic Lake Kennedy, the property features approximately 200 feet of water frontage and is one of the largest waterfront multifamily development sites currently available in the area. The site is fully cleared, improved with a new 200-foot seawall, and benefits from water and sewer assessments being paid in full, providing a streamlined path to development. The property’s Residential Multi-Family Low (RML) zoning provides development flexibility, permitting a variety of residential product types including single-family homes, duplexes, and multifamily development with allowable densities of up to 16 units per acre. Whether developed immediately or h eld as a long-term investment, 503 SW 3rd Ct. offers an exceptional opportunity to capitalize on Cape Coral’s continued residential growth and strong demand for waterfront housing. PROPERTY HIGHLIGHTS: • 0.57± acre waterfront residential development site • RML zoning permits multifamily, duplex, and single-family residential uses • Residential densities of up to 16 units per acre • 200 ft. of frontage along Lake Kennedy with a new 200 ft. seawall installed • Water & sewer assessments paid in full • Ability to permit a dock • Fully cleared and development-ready • Convenient access to shopping, dining, schools, healthcare, and major roadways

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Detail Ic Property Details

Property Type : Land

Price : $495,000

AD Id : 89554869

MLS Id : 2026033868

Lot Size : 0.57 Acre(Lot)

County : Lee

Subdivision: Cape Coral

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Feature Features

  • Heating & Cooling

    Water front: 1

  • Lot Information

    Lot Dimensions: 201 x 125 x 201 x 125 Main Square Feet: 0.57 Lot Size Acres: 0.57 Lot Size Source: Appraiser Lot Description: Cleared,OversizedLot

    Property Information

    Subdivision: CAPE CORAL Source Property Type: Land Property SubType: Residential Direction Faces: Southwest

  • Listing Price Information

    Listing Price: $495000
    AllFinancingConsidered, Cash, Contract, OwnerMayCarry

  • Tax Information

    Parcel Number: 14-44-23-C4-13000.0010 Tax Lot: 0010 Tax Block: 13000 Tax Year: 2025 Annual Tax: $6661

  • Homeowners Association Information

    Included Fees: None
    Community Features: BoatFacilities, NonGated

  • Utility Information

    ElectricityAvailable, SewerAvailable, WaterAvailable
  • Location Information

    WaterSource: AssessmentPaid
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Nearby Home Value

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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 08/16/2026 @ 14:36

MLS: 2026033868 LISTED BY: Justin Milcetich, LSI Companies Inc. 239-489-4066 SOURCE: FGC

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