$1,150,000

430 SW 47th TER, Cape Coral, FL 33914

Land
Built in ——
0.69acre lot
—— car garage
$——/sqft
Listed 1 year ago

Property Description

Prime development opportunity in South Cape Coral! This entitled land parcel is offered with approved building and MEP plans for a mixed-use project. The site is zoned CP (confirm with zoning for intended use) and is designed for 39 workforce housing apartments and 8,300 square feet of commercial space, offering an ideal live-work scenario. The residential units feature modern, efficient layouts tailored to the local workforce, while the commercial space offers flexibility for a wide range of business uses. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. This strategic location supports a high quality of life for residents and strong visibility for businesses. 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 than 120% of the Area Median Income (AMI), which is $88,800 as of April 2024. Buyers may select either of two paths: Acquire the lot and build under their own contractor and financing; or partner with Coast Life Developers through a build-for-buyer agreement, with the option for long-term property management upon delivery. Seller financing is available. 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.

Listing Status:: Active
Date Added:: July 2, 2024
Data Last Updated:: February 12, 2026 at 3:18PM
Listing Office:: Coast Life Properties LLC : 616-638-9795
Listing Agent:: Kyle Doyon : 616-638-9795
MLS ID:: 224056208

Road/Access: Paved
HOA Amenities: 0.0
Originating MLS: FGC_FORT
County: Lee

Zoning: CAPE CORAL UNIT 44 BLK 1700 PB 21 PG 106 LOTS 39 THRU 4411-45-23-C4-01700.0390
View: CityView
Current Use: CommercialMulti-FamilyMixed Use

Utilities: Electricity AvailableSewer AvailableTrash CollectionWater Available
Water: Assessment Paid
Sewer: Assessment Paid

Source: FGC_FORT

This listing courtesy of Kyle Doyon , Coast Life Properties LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Pelican Elementary School

3525 SW 3rd Ave, Cape Coral, FL, 33914

Grades KG-5

1.57 miles away

Gulf Middle School

1809 SW 36th Ter, Cape Coral, FL, 33914

Grades 6-8

2.34 miles away

Ida S. Baker High School

3500 Agualinda Blvd, Cape Coral, FL, 33914

Grades 9-12

2.61 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.