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570 NE 4th Terrace

Cape Coral, FL 33909
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Acres0.69

Acre(Lot)

Entitled land with approved plans for a mixed-use development featuring workforce housing and commercial contractor suites. This property is zoned RD (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project comprises 27 workforce housing units, designed to meet the growing demand for affordable housing and offering well-planned and comfortable living spaces. 8 versatile contractor suites are available on the lower level. Private stairways lead to upper-level living spaces, perfect for those seeking a live-work lifestyle. The connecting door can be securely locked, allowing separate tenants to occupy the living space and contractor suite independently if needed. Located in the Opportunity Zone, this property offers excellent tax benefits, as well as access to public transportation, major highways, and local amenities, making it an attractive location for both residents and commercial tenants. The nearby schools, parks, restaurants, and healthcare facilities further enhance the appeal, ensuring a high quality of life for future residents. The property's design supports community impact, fostering a vibrant and integrated environment. The property is deed-restricted under the Live Local Bill, requiring 40% of units to be rented to tenants earning less than 120% of the area median income (AMI). As of April 2024, Cape Coral's AMI is $88,800. 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 : 87698234

MLS Id : 2026029090

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 125 Main Square Feet: 0.6887 Lot Size Acres: 0.6887 Lot Size Source: Appraiser Lot Description: MultipleLots,RectangularLot

    Property Information

    Subdivision: CAPE CORAL Source Property Type: Land Zoning Description: RD Property SubType: Commercial Direction Faces: Northeast

  • Listing Price Information

    Listing Price: $995000
    AllFinancingConsidered, Cash, OwnerMayCarry

  • Tax Information

    Parcel Number: 12-44-23-C2-02378.0110 Tax Lot: 11 Tax Block: 2378 Tax Year: 2024 Annual Tax: $4831.31 Tax Legal Desc: CAPE CORAL UNIT 35 BLK 2378 PB 16 PG 103 LOTS 11 + 12

  • Homeowners Association Information

    Included Fees: None
    Community Features: None

  • Utility Information

    None, SewerNotAvailable, WaterNotAvailable
  • Location Information

    WaterSource: None
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2513 NE 9th Ave, Cape Coral, FL, 33909 $470,000 -- -- -- 24,000 Sqft(Lot)
1616 Andalusia Boulevard, Cape Coral, FL, 33909 $75,000 -- -- -- 12,000 Sqft(Lot)
2137 NE 27th Street, Cape Coral, FL, 33909 $47,000 -- -- -- 10,000 Sqft(Lot)
2205 NE 25th Terrace, Cape Coral, FL, 33909 $44,000 -- -- -- 10,018 Sqft(Lot)
302 NE 10 St, Cape Coral, FL, 33909 $55,000 -- -- -- 10,614 Sqft(Lot)
2625 NE 5th Pl, Cape Coral, FL, 33909 $49,500 -- -- -- 10,001.38 Sqft(Lot)
3239 NE 9 Avenue, Cape Coral, FL, 33909 $41,000 -- -- -- 10,625 Sqft(Lot)
1724 Andalusia Boulevard, Cape Coral, FL, 33909 $85,000 -- -- -- 18,000 Sqft(Lot)
614 Jacaranda Pkwy E, Cape Coral, FL, 33909 $38,000 -- -- -- 10,000 Sqft(Lot)
2221 NE 25th Terrace, Cape Coral, FL, 33909 $37,850 -- -- -- 10,250 Sqft(Lot)

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 07/10/2026 @ 10:51

MLS: 2026029090 LISTED BY: Kyle Doyon, Coast Life Properties LLC 239-402-5581 SOURCE: FGC

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