Description
Here’s your chance to pick up a 10,628 sq ft canal-front lot in a fast-developing pocket of Cape Coral. Located on the west side of Wilmington Pkwy, this parcel has freshwater access, city utilities nearby, and comps all around it. Whether you’re a builder, investor, or long-term speculator—this one’s got room to move.
📍 Property Overview
🔹 Lot Size: 10,625 sq ft
🔹 Zoning: R1-W (Single-Family Waterfront Residential)
🔹 Waterfront: Freshwater canal access
🔹 Located on the North side of Cape Coral Unit 43
🛠️ Strategic New Build Opportunity
Ideal build size is 1,700–2,000 sq ft. Estimated impact fees run around $15,000, and average build cost is $130/sq ft, depending on contractor and finishes. You’ll be surrounded by solid, owner-occupied new homes—many of which are already pending or recently sold.
📊 Local Sales Comps (Within 0.25 mi – Past 6 Months)
New Construction Homes
🔵 937 Wilmington Pkwy – 1,871 sq ft | Sold: $470,000 | $251/sq ft
🔵 1106 NE 9th Ave – 1,885 sq ft | Sold: $475,000 | $252/sq ft
🔵 1008 NE 11th Ln – 1,755 sq ft | Sold: $450,000 | $256/sq ft
💰 Numbers Breakdown*
Build Size Total Project Cost (Land + Build + Fees) Projected Resale @ $245–$260/sq ft Est. Spread
1,700 sq ft ~$293,000 $416K – $442K $123K–$149K
2,000 sq ft ~$330,000 $490K – $520K $160K–$190K
💡 Why This Lot Wins
✅ Freshwater Canal – More appealing to end buyers vs. dry lots
✅ Comps Back It Up – New builds nearby are moving at $245–$260/sq ft
✅ High Growth Zone – Cape Coral remains one of Florida’s top investor markets
✅ Exit Flexibility – Build & flip, hold as rental, or offer to retail buyer at completion