Residential for Sale in Cape Coral
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For SaleMLS# 2026034055

$34,900

Residential for Sale in Cape Coral

4308 NW 27th Terrace, Cape Coral, FL, 33993

- beds baths sqft
Gated

About this home

Great buildable lot in the ever-expanding Northwest Cape! Ideally located west of Old Burnt Store Road and just minutes from the exciting Seven Islands development project, this property offers an outstanding opportunity to build your dream home or invest in one of Cape Coral's fastest-growing areas. Surrounded by brand-new homes and situated in a quiet Gulf-access neighborhood, this cleared lot features desirable southern rear exposure and is NOT located within the utility expansion area, helping to keep future costs down. Conveniently located near shopping, dining, schools, parks, and major roadways for easy access throughout Southwest Florida. Buy now and build, or hold for future appreciation as development continues to transform the area. Not an assignment of contract. Local sellers with quick responses and smooth transactions. NO Assignment Contracts.

Property details

Type
Residential
Year built
Not specified
Interior
Not specified
Lot size
10,018.8 sqft
Acreage
0.23 acres
Garage
None
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$489/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
None listed
Exposure
South
Waterfront
No
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
None
Sewer
None
New construction
No
Pets
Not specified
County
Lee

Maintenance included in the fee

Trash

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

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 list
$399,900
Median $/sqft
$233
Median sold (90d)
$389,000
Avg days on market
95
Active listings
2,499
Median sold price · Cape Coral
$389,000last 3 months8.1% vs $360,000 prior 3 months
Median closed price by month · Cape Coral
8.4% MoM19.7% YoY
$340k$383k$425kJul ’25Aug ’26
$425,000Aug ’26 · 105 sales

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.

The good, the trade-offs & the location

Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
  • No garage listed
Location convenienceHigh
Hospital
8.7 mi
Cape Coral Hospital
Beach
18.3 mi
Sanibel Island
Airport
14.7 mi
Page Field (Fort Myers)
Shopping
8.4 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.