This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/3
1631 NE 16 Ter, Cape Coral, FL 33909
$85,000
1631 NE 16 Ter, Cape Coral, FL 33909View this property at 1631 NE 16 Ter, Cape Coral, FL 33909
1631 NE 16 TerCape CoralFL33909
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/3
Property Description
Prime vacant land in Cape Coral with RML zoning, ideal for Residential Multi-Family use, offers a lucrative investment opportunity due to high demand for multifamily properties. The zoning allows for significant potential for builders and developers to establish multifamily rental units. The undeveloped land is an optimal foundation for your multifamily residential project, located in a high-demand area within a sought-after neighborhood. Utility connections are set to begin within two months, expected to substantially increase lot values. Duplex lots in the area are already valued above $100,000.00. Seize this opportunity in a rapidly growing market.
Full Property Details
Full Property Details for 1631 NE 16th Terrace
General
- Price: $85,000
- Taxes: $771 (2023)
- Status: Active
- Type: Lots/Land
- MLS ID: A11541611
- Updated: 2/29/2024
- Added to Site: 65 day(s) ago
Location
- Area: Cape Coral
- County: Lee County
- Subdivision: CAPE CORAL
- Building Name: CAPE CORAL
- Direction Faces: East
Community
- Community Name: Cape Coral
Structural Information
- Structure Type: Other
- Detached/Attached: Detached
- Current Bldg. Use: Multi-Family, Other Usage
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.2296
- Lot Features: No Misc/Improvements, Other
- Development Status: Undeveloped
- Trees/Vegetation: No Trees
- Zoning: Zoning: RML
Financial Considerations
- Tax Amount: $771
- Tax Year: 2023
- Terms: All Cash
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Legal Description: CAPE CORAL UNIT 33 BLK 2207 PB 16 PG 41 LOTS 43 + 44
- Property ID: 324324C4022070430
Listed by Home Wiz USA
Get Pre-Approved Today
Schools
Schools serving 1631 NE 16th Terrace
School District:Lee County School District
Rating | Name | Grades | Distance |
---|---|---|---|
1115 Ne 16th Ter, Cape Coral, FL 33909 | K-5 | 0.6 mi | |
700 Hutto Rd, N Ft Myers, FL 33903 | PK-5 | 1.7 mi | |
5145 Orange Grove Blvd, N Ft Myers, FL 33903 | PK-5 | 2 mi | |
1039 Ne 16th Ter, Cape Coral, FL 33909 | 6-8 | 0.7 mi | |
610 Del Prado Blvd S, Cape Coral, FL 33990 | 6-8 | 2.8 mi | |
425 Chiquita Blvd N, Cape Coral, FL 33993 | 6-8 | 4.4 mi | |
5000 Orange Grove Blvd, N Ft Myers, FL 33903 | 9-12 | 2.1 mi | |
2125 De Navarra Pkwy, Cape Coral, FL 33909 | 9-12 | 3.1 mi | |
701 Chiquita Blvd N, Cape Coral, FL 33993 | 9-12 | 4.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1631 NE 16th Terrace
Date
Details
Price
Change
Source
2/28/2024
Listed
$85,000
462.91%
MLS
10/14/2016
Sold
$15,100
—
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 1631 NE 16th Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2023
$771
51%
$37,999
318%
2021
$511
-14%
$9,100
-57%
2022
$594
11%
$21,000
69%
2019
$535
3%
$12,409
10%
2018
$521
11%
$11,281
10%
2017
$468
28%
$10,255
44%
2016
$366
10%
$7,100
9%
2015
$334
-1%
$6,500
10%
2014
$336
71%
$5,922
35%
2013
$196
—
$4,400
—
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 1631 NE 16th Terrace
1631 NE 16 Ter, Cape Coral, FL 33909 (MLS# A11541611) is a Lots/Land property with a lot size of 0.2296 acres. 1631 NE 16 Ter is currently listed for $85,000 and was received on February 28, 2024. Want to learn more about 1631 NE 16 Ter? 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.