REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 495,000
Est. payment /mo
Active
503 SW 3rd CT Cape Coral, FL 33991
0.57 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 2026033868
HOA Y/N No
Annual Tax Amount $6,661
Tax Year 2025
Lot Size 0.570 Acres
Acres 0.57
Source Florida Gulf Coast
Property Description
503 SW 3rd Ct. is a premier 0.57± acre waterfront residential development opportunity located in the heart of Cape Coral. Overlooking scenic Lake Kennedy, the property features approximately 200 feet of water frontage and is one of the largest waterfront multifamily development sites currently available in the area.
The site is fully cleared, improved with a new 200-foot seawall, and benefits from water and sewer assessments being paid in full, providing a streamlined path to development.
The property's Residential Multi-Family Low (RML) zoning provides development flexibility, permitting a variety of residential product types including single-family homes, duplexes, and multifamily development with allowable densities of up to 16 units per acre.
Whether developed immediately or held as a long-term investment, 503 SW 3rd Ct. offers an exceptional opportunity to capitalize on Cape Coral's continued residential growth and strong demand for waterfront housing.
PROPERTY HIGHLIGHTS:
• 0.57± acre waterfront residential development site
• RML zoning permits multifamily, duplex, and single-family residential uses
• Residential densities of up to 16 units per acre
• 200 ft. of frontage along Lake Kennedy with a new 200 ft. seawall installed
• Water & sewer assessments paid in full
• Ability to permit a dock
• Fully cleared and development-ready
• Convenient access to shopping, dining, schools, healthcare, and major roadways
The site is fully cleared, improved with a new 200-foot seawall, and benefits from water and sewer assessments being paid in full, providing a streamlined path to development.
The property's Residential Multi-Family Low (RML) zoning provides development flexibility, permitting a variety of residential product types including single-family homes, duplexes, and multifamily development with allowable densities of up to 16 units per acre.
Whether developed immediately or held as a long-term investment, 503 SW 3rd Ct. offers an exceptional opportunity to capitalize on Cape Coral's continued residential growth and strong demand for waterfront housing.
PROPERTY HIGHLIGHTS:
• 0.57± acre waterfront residential development site
• RML zoning permits multifamily, duplex, and single-family residential uses
• Residential densities of up to 16 units per acre
• 200 ft. of frontage along Lake Kennedy with a new 200 ft. seawall installed
• Water & sewer assessments paid in full
• Ability to permit a dock
• Fully cleared and development-ready
• Convenient access to shopping, dining, schools, healthcare, and major roadways
Location
State FL
County Lee
Community Boating, Non-Gated
Area Cape Coral
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Waterfront Description Lake
View Y/N Yes
View Lake, Water
Present Use 00-Vacant Residential
Street Surface Paved
Garage No
Building
Lot Description Oversize
Water Assessment Paid
New Construction No
Others
Senior Community No
Tax ID 14-44-23-C4-13000.0010
Listed by LSI Companies Inc. • Justin Milcetich
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION