$149,000
Waterfront Home for Sale in Cape Coral
1616 NE 2nd Terrace, Cape Coral, FL, 33909
About this home
Triple-Lot Waterfront Opportunity in Established Cape Coral Location. Rare opportunity to own a triple lot in an established section of Cape Coral, offering plenty of space and outstanding waterfront potential. City water and sewer are already in place and paid, providing significant value and convenience for future development. Enjoy an impressive 120 feet of frontage on a freshwater canal, perfect for creating your own waterfront retreat. Because this is a freshwater property, a seawall is not required. Instead, you can utilize a littoral, or natural shoreline, zone—potentially saving you thousands of dollars compared with properties requiring seawalls. With three lots, 120 feet of freshwater frontage, and paid water and sewer, this property offers an exceptional combination of size, location, and value in Cape Coral. Don’t miss this opportunity to build your Florida waterfront dream while taking advantage of the substantial savings that come with a freshwater canal property.
Property details
- Type
- Residential
- Year built
- Not specified
- Interior
- Not specified
- Lot size
- 14,984.64 sqft
- Acreage
- 0.34 acres
- Garage
- None
- Days on market
- 0
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $2,086/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- 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.
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Waterfront
- 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.