1508 NW 16th Terrace, Cape Coral, FL 33993 - Photo 1

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$50,000

For Sale
Active
Lots/Land
0.34 Acres
Updated 9 days ago

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Property Description

Build Your Dream Home on an Oversized Corner Lot in Growing NW Cape Coral! Exceptional opportunity to own a 0.34-acre (approx. 14,810 sq ft) oversized residential lot located in the rapidly developing Northwest Cape Coral area. This spacious parcel offers approximately 120 ft of frontage and 125 ft of depth, providing ample room for a custom home, pool, and additional outdoor living space. This property is perfect for both homeowners and investors looking to capitalize on future growth. Conveniently located near schools, shopping, dining, and with easy access to major roads, making commuting simple while still enjoying a peaceful setting. Don't miss this chance to secure a premium oversized lot in one of Cape Coral's most up-and-coming areas!

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Full Property Details

Full Property Details for 1508 NW 16th Terrace

General

Price: $50,000
Taxes: $1,236 (2025)
Status: Active
Type: Lots/Land
Source: MidFloridaRegionalMLS
MLS ID: O6393655
Updated: 3/25/2026
Added to Site: 10 day(s) ago

Location

Area: 33993 - Cape Coral
County: Lee
Development Name: 33993 - Cape Coral
Subdivision: CAPE CORAL
Driving Directions: See Adresss

Community

Community Name: 33993 - Cape Coral
Association: Yes

Utilities

Sewer: None
Water: Public
Utility Description: Electricity Available, Public, Water Available, Water Nearby

Structural Information

Current Bldg. Use: Residential

Lot Features

Lot Size (Acres): 0.34
Lot Size (Sq. Ft.): 14,985
Lot Size: 14985
Lot Dimensions: 120 x 123
Street/Road Desc.: Asphalt

Financial Considerations

Price Per Acre: $147,059
Assoc Fee Desc.: None
Tax Amount: $1,236
Tax Year: 2025

Disclosures and Reports

Ownership: Fee Simple
Special Conditions: None
Legal Description: CAPE CORAL UNIT 42 BLK 2924B PB 17 PG 33 LOTS 4 THRU 6
Flood Zone Info: X
APN: 344323C402924.B040
Property ID: 344323C402924.B040
Block/Lot/Section: 2924B

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Schools

Schools serving 1508 NW 16th Terrace

School District:Lee County School District, Fort Myers, FL

Name	Grades	Distance
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993	K-5	2.6 mi
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991	K-5	4.4 mi
Trafalgar Elementary School 1850 Southwest 20th Avenue, Cape Coral, FL 33991	K-5	4.5 mi
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993	6-8	1.5 mi
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991	6-8	4.3 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	1.2 mi
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991	9-12	5.3 mi
Island Coast High School 2125 De Navarra Parkway, Cape Coral, FL 33909	9-12	5.6 mi
Skyline Elementary School 620 Southwest 19th Street, Cape Coral, FL 33991	K-5	4.7 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 1508 NW 16th Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/25/2026

Listed

$50,000

132.56%

MLS

12/01/2021

Sold

$21,500

—

Public Record

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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 1508 NW 16th Terrace

Year

Property Taxes

Change

Tax Assessment

Change

2024

$1,124

—

$29,282

-35%

2024

$1,124

15%

$45,133

37%

2023

$980

55%

$32,852

199%

2021

$631

-23%

$11,000

-50%

2022

$819

30%

$22,000

134%

2021

$631

11%

$9,400

-4%

2019

$568

$9,824

10%

2018

$560

$8,931

-26%

2017

$523

14%

$12,032

56%

2016

$457

10%

$7,700

2015

$415

19%

$7,100

16%

2014

$349

37%

$6,100

20%

2013

$254

—

$5,100

—

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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 1508 NW 16th Terrace

1508 NW 16th Terrace, Cape Coral, FL 33993 (MLS# O6393655) is a Lots/Land property with a lot size of 0.34 acres. 1508 NW 16th Terrace is currently listed for $50,000 and was received on March 25, 2026. Want to learn more about 1508 NW 16th Terrace? Do you have questions about finding other Lots/Land 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.

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1508 NW 16th Terrace Cape Coral, FL 33993