$199,000
Waterfront Home for Sale in Cape Coral
4323 NW 28th Street, Cape Coral, FL, 33993
About this home
Rather than find your dream home, you can build it on this unique lot featuring DIRECT GULF ACCESS - no bridges! And when you aren't boating, take in the expansive views of Lavedo Lake from your backyard oasis. Located near Cape Coral's Spreader Canal and its mangroves, you will also get to enjoy the water life, including the local, coastal birds. This is a unique opportunity to create your very own gulf access home, incorporating the best of the west coast's gulf waters. Nestled away and yet easy access to Matlacha, restaurants, golf courses, shopping, a quick drive around the area well tell you the potential of this location.
Property details
- Type
- Residential
- Year built
- Not specified
- Interior
- Not specified
- Lot size
- 11,586.96 sqft
- Acreage
- 0.27 acres
- Garage
- None
- Days on market
- 475
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $2,786/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — Gulf frontage
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Unpaid
- Sewer
- None
- 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 $125,000 (38.6%) from the original list price.
| Sep 4, 2026 | Price reducedfrom $229,000 | $199,000 |
| Sep 4, 2026 | Back on market | |
| Nov 21, 2024 | Listed | $324,000 |
The good, the trade-offs & the location
- Gulf access (Direct — Gulf frontage)
- 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.
Similar homes nearby
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.