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Property Description
**Exceptional Multifamily Development Opportunity!** Rare chance to acquire a prime development site in one of Cape Coral's fastest-growing corridors. This property is planned for a **14-unit multifamily project** consisting of **two 7-unit buildings**, with significant pre-development work already completed. The project includes substantial engineering, planning, and entitlement progress, offering a valuable opportunity for developers looking to accelerate the development process. Ideally located on Cape Coral Parkway West, the property is just minutes from Cape Harbour, Tarpon Point Marina, shopping, restaurants, entertainment, and provides convenient access to the Cape Coral Bridge and Fort Myers.This property is ideally positioned to meet the growing demand for quality multifamily housing in Southwest Florida. A comprehensive Offering Memorandum (OM), including project details, development status, engineering progress, and additional supporting information, is available in the Listing Attachments section of the MLS.Buyers and their representatives are encouraged to review all attached documents and verify all information with the City of Cape Coral regarding zoning, permitted uses, approvals, and development requirements.
Full Property Details
Full Property Details for 148 Cape Coral Pkwy W
General
- Price: $1,298,000
- Taxes: (2025)
- Status: Active
- Type: Residential Lots
- Source: Bonita_Springs
- MLS ID: 2026030826
- Updated: 7/28/2026
- Added to Site: 3 day(s) ago
Additional Information
- Shared Amenities: No Subdivision
Location
- Area: CC21 - Cape Coral Unit 3, 30, 44, 6
- County: Lee
- Subdivision: CAPE CORAL
- Building Name: CAPE CORAL
- Direction Faces: East
Community
- Assoc. Fees Include: None
Utilities
- Sewer: Assessment Paid
- Water: Assessment Paid, Central
- Utility Description: Sewer Available, Water Available
Structural Information
- Description/Design: Residential Lot
- Current Bldg. Use: Multi_MF
Lot Features
- Property View: None/Other
- Lot Size (Acres): 0.92
- Lot Size (Sq. Ft.): 40,075
- Lot Size Source: Property Appraiser Office
- Lot Dimensions: 400 x 400 x 110 x 110
- Frontage: Public Road
- Frontage Feet: 400
- Irrigation System: Assessment Paid, Central
- Lot Features: Oversize
- Zoning: R3-D
- Lot Description: Oversize
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Price Per Acre: $1,410,869
- Tax Year: 2025
- Terms: Buyer Finance/Cash, Seller Pays Title
Disclosures and Reports
- Legal Description: CAPE CORAL UNIT 3 BLK 163 PB 12 PG 71 LOTS 6 + 7
- Property ID: 14-45-23-C2-00163.0060
- Section: 14
- Block: 163
- Lot Number: 6
Listed by Realty 365 Inc
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Schools
Schools serving 148 Cape Coral Pkwy W
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Pelican Elementary School 3525 Southwest 3rd Avenue, Cape Coral, FL 33914 | K-5 | 1.6 mi |
Cape Elementary School 4519 Vincennes Boulevard, Cape Coral, FL 33904 | K-5 | 1.8 mi |
Gulf Elementary School 3400 Southwest 17th Place, Cape Coral, FL 33914 | K-5 | 3 mi |
Gulf Middle School, Cape Coral, FL 1809 Southwest 36th Terrace, Cape Coral, FL 33914 | 6-8 | 2.8 mi |
Trafalgar Middle School 2120 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 4.7 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 3 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 3.2 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 7.3 mi |
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903 | 9-12 | 8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 148 Cape Coral Pkwy W
Date
Details
Price
Change
Source
7/28/2026
Listed
$1,298,000
686.67%
MLS
3/07/2024
Sold
$165,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 148 Cape Coral Pkwy W
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,964
126%
$134,449
83%
2024
$1,310
21%
$73,325
41%
2023
$1,082
9%
$51,849
-4%
2022
$995
8%
$54,264
29%
2021
$924
16%
$42,000
125%
2018
$800
18%
$18,682
-31%
2017
$680
11%
$27,132
23%
2016
$610
16%
$22,000
45%
2015
$528
-11%
$15,200
-35%
2014
$591
-28%
$23,300
13%
2019
$826
125%
$20,550
77%
2013
$367
—
$11,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 148 Cape Coral Pkwy W
148 Cape Coral Pkwy W, Cape Coral, FL 33914 (MLS# 2026030826) is a Residential Lots property with a lot size of 0.92 acres. 148 Cape Coral Pkwy W is currently listed for $1,298,000 and was received on July 28, 2026. Want to learn more about 148 Cape Coral Pkwy W? Do you have questions about finding other Residential Lots real estate for sale in Cape Coral? You can browse all Cape Coral real estate or contact a Coldwell Banker agent to request more information.

