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. 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.
Active
$1,450,000
430 SW 47th Ter, Cape Coral, FL 33914
--beds
--baths
0.69Acres
Unimproved Land
Built in ----
0.69 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Entitled land parcelRapidly growing areaMajor roadways
- 17 days
- on Zillow |
- 89 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 04, 2025 at 04:03am
Listed by:
Kyle Doyon 616-638-9795,
Coast Life Properties LLC,
Melissa Abele 239-406-3335,
Coast Life Properties LLC
Source: SWFLMLS,MLS#: 224056208
Originating MLS: Florida Gulf Coast

Travel times
Facts & features
Interior
Features
- Has fireplace: No
Property
Features
- Has view: Yes
- View description: City
- Waterfront features: None
Lot
- Size: 0.69 Acres
- Features: Oversize
Details
- Parcel number: 114523C401700.0390
- Zoning: CP
Utilities & green energy
- Water: Assessment Paid
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: No Subdivision, Non-Gated
- Subdivision: CAPE CORAL
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Cape Coral
Financial & listing details
- Annual tax amount: $64,308
- Date on market: 7/2/2024
- Lease term: Buyer Finance/Cash,Exchange,Seller Financing
- Electric utility on property: Yes
- Road surface type: Paved
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