Waterfront Home for Sale in Cape Coral
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For SaleMLS# 225068925

$62,500

Waterfront Home for Sale in Cape Coral

1218 NW 16th Place, Cape Coral, FL, 33993

- beds baths sqft
GatedBoatingWaterfront

About this home

Oversized Waterfront Triple Lot – 15,000 Sq Ft of Pure Florida Paradise Imagine stepping out to your backyard and launching straight into the ultimate Florida lifestyle. This massive 15,000 sq ft triple lot with coveted western exposure offers breathtaking sunsets over the canal—perfect to enjoy right from your future pool or lanai. Nestled in the highly desirable NW Cape Coral, this property combines peace and privacy with quick access to shopping, dining, golf courses, and nearby boat ramps. Whether you love fishing, kayaking, or simply soaking up the views, this canal-front gem delivers it all—directly from your backyard. With no flood insurance required and free and clear of any environmental restrictions, this lot is a rare opportunity waiting to be claimed. Priced to move, it will not last long. Build your dream home here and experience sunsets, serenity, and waterfront living at its finest.

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
368
Total association fees
None
CDD
None
Est. taxes (1.4%)
$875/yr
Flood zone (area est.)
No · Low risk (X)
Storm protection
None listed
Exposure
West
Waterfront
Yes
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

CableTvOther

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
$399,000
Median $/sqft
$232
Median sold (90d)
$384,999
Avg days on market
93
Active listings
2,463
Median sold price · Cape Coral
$385,000last 3 months7.4% vs $358,500 prior 3 months
Median closed price by month · Cape Coral
10.5% MoM2.9% YoY
$340k$365k$390kJul ’25Sep ’26
$340,000Sep ’26 · 13 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.

Price & status history

Down $7,500 (10.7%) from the original list price.

Sep 3, 2026Price reducedfrom $68,500$62,500
Aug 31, 2025Listed$70,000

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • Waterfront
Consider
  • No garage listed
Location convenienceHigh
Hospital
4.9 mi
Cape Coral Hospital
Beach
15.9 mi
Fort Myers Beach
Airport
10.9 mi
Page Field (Fort Myers)
Shopping
4.6 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.