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$172,400
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Property Description
Discover an exceptional investment opportunity distract allows up to 9 dwelling units in the rapidly growing community of Cape Coral. This rare 2-lots located at 2314 NE 16TH TER & 2318 NE 16TH TER in multi-family zoning offering endless possibilities for developers investors and builders looking to capitalize on Southwest Florida's. *seller is offering ground lease as well.
Full Property Details
Full Property Details for 2314 NE 16th Terrace
General
- Price: $172,400
- Taxes: (2025)
- Status: Active
- Type: Residential Lots
- Source: Bonita_Springs
- MLS ID: 2026023760
- Updated: 6/12/2026
- Added to Site: 18 day(s) ago
Additional Information
- Shared Amenities: Non-Gated
Location
- Area: CC31 - Cape Coral Unit 17, 31-36,
- County: Lee
- Subdivision: CAPE CORAL
- Building Name: CAPE CORAL
- Direction Faces: Southwest
Community
- Assoc. Fees Include: None
Utilities
- Sewer: Assessment Unpaid
- Water: Assessment Unpaid
- Utility Description: Other
Structural Information
- Description/Design: Residential Lot
- Current Bldg. Use: Multi_MF
Lot Features
- Property View: City
- Lot Size (Acres): 0.244
- Lot Size (Sq. Ft.): 10,628
- Lot Size Source: Property Appraiser Office
- Frontage: Public Road
- Irrigation System: Assessment Unpaid
- Lot Features: Oversize
- Zoning: R3-D
- Lot Description: Oversize
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Price Per Acre: $706,557
- Tax Year: 2025
- Terms: Cash
Disclosures and Reports
- Legal Description: CAPE CORAL UNIT 33 BLK 2221 PB 16 PG 44 LOTS 7 + 8
- Property ID: 32-43-24-C3-02221.0070
- Section: 32
- Block: 2221
- Lot Number: 7
Listed by Century 21 AllPoints Realty
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Schools
Schools serving 2314 NE 16th Terrace
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Dr Carrie D Robinson Littleton Elementary School 700 Hutto Road, North Fort Myers, FL 33903 | K-5 | 1.1 mi |
Diplomat Elementary School 1115 Northeast 16th Terrace, Cape Coral, FL 33909 | K-5 | 1.4 mi |
Tropic Isles Elementary School 5145 Orange Grove Boulevard, North Fort Myers, FL 33903 | K-5 | 1.5 mi |
Diplomat Middle School 1039 Northeast 16th Terrace, Cape Coral, FL 33909 | 6-8 | 1.5 mi |
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990 | 6-8 | 2.9 mi |
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903 | 9-12 | 1.8 mi |
Island Coast High School 2125 De Navarra Parkway, Cape Coral, FL 33909 | 9-12 | 3.1 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 5 mi |
Hancock Creek Elementary School 1601 Skyline Drive, North Fort Myers, FL 33903 | K-5 | 2.7 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 2314 NE 16th Terrace
Date
Details
Price
Change
Source
6/12/2026
Price Reduced
$172,400
-3.36%
MLS
6/02/2026
Listed
$178,400
137.87%
MLS
1/19/2024
Sold
$75,000
—
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 2314 NE 16th Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,038
8%
$29,070
-2%
2024
$964
26%
$29,579
-22%
2023
$767
30%
$37,999
81%
2022
$591
16%
$21,000
131%
2021
$508
9%
$9,100
43%
2018
$465
12%
$6,378
-39%
2017
$417
13%
$10,417
47%
2016
$369
10%
$7,100
9%
2015
$336
-1%
$6,500
10%
2014
$338
-29%
$5,922
-16%
2019
$473
138%
$7,016
56%
2013
$199
—
$4,500
—
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 2314 NE 16th Terrace
2314 NE 16th Ter, Cape Coral, FL 33909 (MLS# 2026023760) is a Residential Lots property with a lot size of 0.244 acres. 2314 NE 16th Ter is currently listed for $172,400 and was received on June 02, 2026. Want to learn more about 2314 NE 16th Ter? 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.

