$61,900
Residential for Sale in Cape Coral
2314 NE 16th Terrace, Cape Coral, FL, 33909
About this home
Discover an exceptional investment opportunity distract allows up to 9 dwelling units in the rapidly growing community of Cape Coral. This rare 2-lots located at 2314 NE 16TH TER & 2318 NE 16TH TER in multi-family zoning offering endless possibilities for developers investors and builders looking to capitalize on Southwest Florida’s. *seller is offering ground lease as well. *the 2 lots will be sold together.
Property details
- Type
- Residential
- Year built
- Not specified
- Interior
- Not specified
- Lot size
- 10,628.64 sqft
- Acreage
- 0.24 acres
- Garage
- None
- Days on market
- 69
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $867/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- Northeast
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Unpaid
- Sewer
- Assessment Unpaid
- 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 $116,500 (65.3%) from the original list price.
| Aug 10, 2026 | Price reducedfrom $62,900 | $61,900 |
| Jun 2, 2026 | Listed | $178,400 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- 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.
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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.