UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
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
Lot Dimensions Appraiser
Property Sub-Type Residential
Property Description
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 Cape Coral
Area Cc23 - Cape Coral Unit 28, 29, 45, 62, 63, 66, 68
Direction Southwest
Interior
Furnishings Furnished
Fireplace No
Exterior
Community Features Boat Facilities, Non- Gated
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront Description Lake
View Y/N Yes
Water Access Desc Assessment Paid
View Lake, Water
Present Use Multi-Family,Mixed Use,Single Family
Garage No
Building
Lot Description Cleared, Oversized Lot
Faces Southwest
Sewer Assessment Paid
Water Assessment Paid
Others
HOA Fee Include None
Senior Community No
Tax ID 14-44-23-C4-13000.0010
Acceptable Financing All Financing Considered, Cash, Contract, Owner May Carry
Listing Terms All Financing Considered, Cash, Contract, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026033868
Nearby Locations
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