1637 NW 39th Avenue
Cape Coral, FL, 33993 $ 154,900
Baths0.0 Monthly Estimate*
$ 954
Studio for $154,900. The lot size is 0.23.
There’s a certain kind of waterfront property that does more than offer a place to build—it creates the backdrop for an entirely different pace of life. This Gulf access homesite along the Penelop Canal in Unit 61 offers that rare combination of immediate enjoyment and long-term opportunity, with approximately 80 feet of waterfront and a spacious 125-foot depth that gives you room to design a home tailored to the way you truly want to live. Here, the water naturally becomes part of your daily routine. Imagine stepping from your future lanai to your boat in just moments, with the freedom to head out for a sunrise cruise, a spontaneous afternoon on the islands, or a full day exploring the Gulf waters. From this location, destinations like Cayo Costa, Cabbage Key, Boca Grande, and Sanibel are all within easy reach, making waterfront dining, fishing adventures, and quiet beach escapes feel effortlessly accessible. One of the most underrated features of this property is its eastern rear exposure—a setting many waterfront buyers grow to appreciate more with time. Mornings begin with soft sunlight shimmering across the canal, creating a calm and welcoming atmosphere, while afternoons bring a more comfortable outdoor environment with natural shade over your future pool and lanai area. It’s the kind of orientation that supports relaxed outdoor living year-round without the harsh intensity of direct western heat. The location also places you near one of Cape Coral’s most exciting future developments. Situated roughly a mile from the highly anticipated Seven Islands project, this area continues to attract attention as new construction and infrastructure reshape the surrounding corridor. With plans for marina access, waterfront dining, recreation, entertainment, and gathering spaces, Seven Islands is expected to further elevate both lifestyle appeal and long-term value throughout Northwest Cape Coral. Beyond the boating lifestyle, everyday conveniences remain close at hand. A championship golf course sits just a few miles away, along with expanding shopping and dining options throughout the area. Travel is equally convenient, with Punta Gorda Airport approximately 20 miles away and Southwest Florida International Airport within about 30 miles. More than just vacant land, this property offers the opportunity to create something deeply personal—a home where mornings begin with reflections dancing on the water, afternoons unfold at a slower pace, and boating becomes woven into everyday life. As the surrounding area continues to grow and evolve, this homesite offers not only a beautiful setting for today, but also a meaningful investment in what’s still to come.
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FeaturesGeneralSewer None
Utilities None Sewer Not Available Water Not Available
Possession Close Of Escrow
HOA Fee 0
Association Fee Includes None
View Canal
Property Subtype Residential
Tax Year 2025
Current Use Single Family
Waterfront Features Canal Access
Community Features Non-Gated
HOA Fee 2 0
County Lee
Property Type Land
Association Amenities None
Subdivision Name CAPE CORAL
Facing Direction East
Status Active
City Cape Coral
Land Lease Amount 0
Senior Community Y/N false
MLS Area CC43 - Cape Coral Unit 58 59-61 76
Lot Size Units Acres
Tax Annual Amount 1910.84
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026020931
Standard Status Active
Tax Lot 0190
Property Sub Type Additional Residential Unimproved Land
HOA Fee 3 0
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ExteriorLot Features Rectangular Lot
Water Source None
Lot Size Area 0.23
Lot Dimensions 80 x 125 x 80 x 125
Lot Size Acres 0.23
Lot Size Source Appraiser
Waterfront Y/N true
Covered Spaces 0
Road Responsibility Public Maintained Road
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* Excluded FeaturesList Byjudy@teamedtogether.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $954
- Monthly Property Taxes
- $159
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Cape Coral, FL
Average List Price $153,961
Percent of Sale Price 1%
About Cape Coral, FL 184,744 Population
76% Since 2002
$ 54,021 Median Income
44.67 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/7/2026 | $154,900 | | Listed Price |