427 NE 23rd Terrace
Cape Coral, FL, 33909 $ 48,000
Baths0.0 Monthly Estimate*
$ 296
Studio for $48,000. The lot size is 0.23.
BUILD NOW, BUILD LATER … OR SIMPLY SECURE YOUR PIECE OF THE SW FLORIDA LIFESTYLE TODAY! This CLEARED STANDARD DOUBLE LOT SITE is ready for your future dream home and located in an area of NEWER HOMES with additional new construction continuing throughout the neighborhood. Whether you are ready to break ground now or prefer to hold as a long-term investment, Cape Coral offers flexibility with NO BUILD TIME RESTRICTIONS and NO HOA FEES or restrictive HOA rules to navigate. Even better, this property is NOT LOCATED IN A FLOOD ZONE, helping reduce future building and insurance concerns. Future utility expansion area six (6). Cape Coral continues to attract buyers from across the country for good reason. Often referred to as the WATERFRONT WONDERLAND, Cape Coral is home to nearly 400 MILES OF CANALS — more than many cities in the world — creating a lifestyle centered around boating, fishing, kayaking, paddleboarding, waterfront dining, and sunshine-filled days outdoors. Residents love the relaxed coastal atmosphere combined with the convenience of a growing city that continues to expand with new restaurants, shopping, entertainment, and recreation. Whether your idea of the perfect day includes launching a boat, enjoying pickleball with friends, golfing year-round, or simply watching Florida sunsets, this area offers something for nearly every lifestyle. This property is located near freshwater and saltwater boat ramps, city parks, golf courses, pickleball courts, walking and biking paths, schools, libraries, shopping, dining, healthcare, and everyday conveniences. Cape Coral is also known for being PET FRIENDLY and RENTAL FRIENDLY, making this property attractive for both future personal use and investment potential. Another reason buyers continue to invest in Southwest Florida is the location itself. Cape Coral provides convenient access to some of Florida’s most popular destinations including SANIBEL ISLAND, CAPTIVA ISLAND, FORT MYERS BEACH, PINE ISLAND, MATLACHA, and the beautiful Gulf beaches and barrier islands that make this region famous worldwide. RSW INTERNATIONAL AIRPORT and PGA PUNTA GORDA AIRPORT are located nearby for easy travel connections, while nearby downtown Fort Myers offers riverfront dining, entertainment, art walks, and community events throughout the year. With continued growth, strong demand for new construction, and the flexibility to BUILD NOW OR HOLD FOR THE FUTURE, opportunities like this continue to attract buyers looking to secure land in one of Southwest Florida’s most recognized and desirable coastal communities. Cape Coral continues to earn national recognition as one of the BEST places to LIVE, WORK, and RETIRE while also frequently being recognized among the SAFEST CITIES IN THE COUNTRY. YOUR FUTURE FLORIDA ADDRESS STARTS HERE.
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FeaturesGeneralSewer None
Utilities Trash Collection Sewer Not Available Water Not Available
Possession Close Of Escrow
HOA Fee 0
Association Fee Includes None
View Landscaped
Property Subtype Residential
Tax Year 2025
Current Use Single Family
Waterfront Features None
Community Features Boat Facilities Non-Gated
HOA Fee 2 0
County Lee
Property Type Land
Association Amenities None
Subdivision Name CAPE CORAL
Facing Direction South
Status Active
Directions Head North on Del Prado Blvd S to West on Kismet Pkwy to South onto NE 5th Pl. Turn West on NE 23rd Ter. Destination will be on the right.
City Cape Coral
Disclosures RV Restriction(s)
Land Lease Amount 0
Senior Community Y/N false
Zoning Description R1-D
MLS Area CC31 - Cape Coral Unit 17 31-36
Lot Size Units Acres
Tax Annual Amount 892.04
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026021467
Standard Status Active
Tax Lot 28 + 29
Property Sub Type Additional Residential Unimproved Land
Legal Description CAPE CORAL UNIT 36 BLK 2533 PB 16 PG 117 LOTS 28 + 29
HOA Fee 3 0
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ExteriorLot Features Cleared Rectangular Lot
Water Source None
Lot Size Area 0.23
Lot Dimensions 80 x 125 x 80 x 125
Lot Size Acres 0.23
Road Surface Type Paved
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 0
Road Responsibility Public Maintained Road
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* Excluded FeaturesList ByPaula HellenbrandListing Agent
Encore Realty Services IncBroker
paula@encorerealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $296
- Monthly Property Taxes
- $74
- 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 $152,837
Percent of Sale Price 218%
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 |
|---|
| 5/20/2026 | $48,000 | | Listed Price |