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430 SW 47th Terrace

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Cape Coral, FL 33914

Prime development opportunity in South Cape Coral! This entitled land parcel is offered with approved plans for a mixed-use project featuring 39 workforce housing apartments and 8300 sq ft of commercial space. The site is zoned CP (confirm with zoning for intended use), offering an ideal live-work scenario for residents. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. 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. 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.

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430 SW 47th Terrace

$13,500,000

  • MLS# : 2025015434
  • Built in 2026

Nearby schools

  • Lee County School District

    Actual schools may vary. We recommend verifying with the local school district, the school assignment and enrollment process.

    Map & directions

    Contact

    Kyle Doyon

    Email agent

    FPO

    Coast Life Properties LLC

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     By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from Realtor.com (Move Sales, Inc.) about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to Realtor.com ’s Terms of Use and to Realtor.com ’s Privacy Policy regarding information relating to you. Msg/data rates may apply. This consent applies even if you are on a corporate, state, or national Do Not Call list.
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