$895,000

430 SW 47th TER, Cape Coral, FL 33914

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

Property Description

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 than 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.

Listing Status:: Active
Date Added:: June 24, 2026
Data Last Updated:: July 28, 2026 at 12:18PM
Listing Office:: Coast Life Properties LLC : 239-402-5581
Listing Agent:: Kyle Doyon : 616-638-9795
MLS ID:: 2026027499

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 $

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