Residential for Sale in Cape Coral
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For SaleMLS# 2026036805

$42,000

Residential for Sale in Cape Coral

229 NW 9th Terrace, Cape Coral, FL, 33993

- beds baths sqft

About this home

Cleared, buildable R1 corner lot in NW Cape Coral's fastest-growing quadrant — 85 ft of frontage on a paved road, priced to move at $42,000. Quarter-acre, zoned R1, cleared and ready. Well and septic needed, power nearby, Zone X with no flood insurance headaches, no wetlands to engineer around. Environmental study already on hand and available on request, so your due diligence is half done before you make an offer. NW Cape Coral is the city's growth frontier - heaviest concentration of active new construction in Cape Coral, new schools, and steady demand from buyers priced out of the SW and SE quadrants. This corner lot sits minutes from Mariner High & Middle and the Burnt Store Road corridor for easy access across the Cape. Comparable lots in this area are moving in under 15 days — clean, build-ready parcels like this don't sit. Go direct to the site — no appointment needed to walk the lot. Bring your builder or your offer; call/text for the survey and environmental report.

Property details

Type
Residential
Year built
Not specified
Interior
Not specified
Lot size
10,497.96 sqft
Acreage
0.24 acres
Garage
None
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$588/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
South
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 list
$399,000
Median $/sqft
$232
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,481
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
1.3% MoM8.4% YoY
$340k$365k$390kJul ’25Aug ’26
$384,750Aug ’26 · 413 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

Pros
  • Lower flood risk (zone X)
Consider
  • No garage listed
Location convenienceHigh
Hospital
3.3 mi
Cape Coral Hospital
Beach
15.2 mi
Fort Myers Beach
Airport
9.2 mi
Page Field (Fort Myers)
Shopping
2.8 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.