$49,000
Residential for Sale in Cape Coral
2521 SW 1st Terrace, Cape Coral, FL, 33991
About this home
Build your future home or invest in this regular-sized residential lot with an irregular shape, offering flexibility in site planning. Located in a quiet, established area of Cape Coral Unit 54, this R1-D zoned lot is intended for single-family use and is situated on a paved public road with north rear exposure—ideal for outdoor living design. No HOA fees and residential use restrictions help maintain neighborhood character. Well and septic are required. Utilities including electric, cable, and trash removal are available. The property is competitively priced compared to nearby lots currently on the market, making it an attractive option for both builders and end buyers. Conveniently located near shopping, dining, schools, and major roadways, this lot offers strong value in a growing Cape Coral area.
Property details
- Type
- Residential
- Year built
- Not specified
- Interior
- Not specified
- Lot size
- 10,977.12 sqft
- Acreage
- 0.25 acres
- Garage
- None
- Days on market
- 125
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $686/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Well
- Sewer
- Septic Tank
- New construction
- No
- Pets
- Not specified
- County
- Lee
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
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Market trends, Cape Coral
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $20,000 (29%) from the original list price.
| Aug 14, 2026 | Price reducedfrom $42,000 | $49,000 |
| Aug 14, 2026 | Back on market | |
| Feb 8, 2026 | Listed | $69,000 |
The good, the trade-offs & the location
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.