
Residential Land for Sale in Cape Coral, Florida
304 SW 3rd Pl, Cape Coral, FL 33991
THE ULTIMATE CAPE CORAL DEVELOPER’S DREAM – WATERFRONT CORNER LOT WITH MULTIFAMILY POTENTIAL! Stop looking, you’ve just found the crown jewel of Cape Coral. This prime .39-acre waterfront CORNER LOT is the golden ticket your portfolio has been begging for. Nestled in a rapidly expanding, high-demand pocket where neighboring properties showcase high-density residential zoning up to 10+ units an acre, this parcel is a blank canvas for a lucrative multifamily masterpiece. Picture building luxury units where your tenants wake up to sparkling water views, then step outside to experience the absolute best of Southwest Florida living. Location isn’t just everything here—it’s a goldmine. Your future tenants are walking distance or a short drive from the high-thrill Sun Splash Family Waterpark, premier bowling alleys, basketball courts, and championship miniature golf. It is the ultimate "live, work, play" trifecta that keeps vacancy rates at zero. Whether you build high-end multi-generational rentals or a sleek modern plex, this corner lot commands premium rents and maximum visibility. Waterfront land in Cape Coral is disappearing fast, and a corner tract with this development upside is virtually extinct. Do not wait for someone else to build your dream. Bring your blueprint, secure your future, and dominate the market
Location
- Street address
- 304 SW 3rd Pl
- County
- Lee County
- Zip code
- 33991
- Community
- Cape Coral
- Elevation
- 11 feet
Directions
From Pine Island Rd. Go South East onto Nicholas Pkwy W, Turn Left onto SW 3rd St, property will be on your Right at the corner of SW 3rd Place.
Property details
- Lot size
- 0.36 acres15,682 sq ft
- Zoning
- R3-D
- MLS #
- MFRMLS TB8520593
- Posted
Property taxes
- 2025
- $1,981
Parcels
- 14-44-23-C3-01957.0260
Legal description
CAPE CORAL UNIT 29 BLK 1957 PB 16 PG 23 LOTS 26 THRU 28
Resources
Nearby schools
| Name | Type |
|---|---|
| Patriot Elementary | Elementary |
| Challenger Middle School | Middle |
| Mariner High School | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 18, 2026 | New listing | $310,000 | — | MFRMLS |






