248 SE 31st Ter, Cape Coral, FL 33904 - Photo 1

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$189,900 -$10,000 (-5%) Price Reduced

For Sale
Active
Residential Lots
0.266 Acres
Updated 5 days ago

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Property Description

Discover the perfect waterfront property for your dream home! This exceptional Gulf access lot with Southern exposure in beautiful Cape Coral offers an unparalleled location for boating enthusiasts. With only one bridge standing between you and the open waters of the Caloosahatchee River and the Gulf of Mexico, this is the ideal spot for quick and easy access to world-class fishing, sailing, and waterfront dining. Property Highlights: Gulf Access: Only one bridge to navigate before reaching the Caloosahatchee River and Gulf of Mexico. Waterfront Lifestyle: Concrete dock and seawall already built so you can enjoy year-round boating, kayaking, and sunset views. Prime Location: Situated in a quiet neighborhood with close proximity to local amenities, dining, shopping, and entertainment. Build Your Dream Home: Generous lot size provides ample space for a custom-built home with a pool and outdoor living area. Don't miss out on this rare opportunity to own a piece of paradise in Cape Coral. Whether you're an avid boater or simply looking for the ultimate waterfront lifestyle, this lot offers endless possibilities.

Full Property Details

Full Property Details for 248 SE 31st Terrace

General

Price: $189,900
Taxes: (2024)
Status: Active
Type: Residential Lots
Source: Bonita_Springs
MLS ID: 225021532
Updated: 1/12/2026
Added to Site: 326 day(s) ago

Additional Information

Shared Amenities: Boating, Non-Gated

Exterior

Exterior Features: Dock, Concrete Dock, Dock Included

Location

Area: CC13 - Cape Coral Unit 19-21, 25, 26, 89
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Driving Directions: I-75 to Colonial Blvd exit.Turns into Veterans Pkwy once over Mid-Point Bridge. Left onto Santa Barbara Blvd. Left onto SE 31st Ter. Lot is .31 miles on the right.
Direction Faces: North

Community

Assoc. Fees Include: None

Utilities

Sewer: Assessment Paid
Water: Assessment Paid, Irrigation Water
Cable Available: Yes
Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Removal, Water Available

Structural Information

Description/Design: Residential Lot
Current Bldg. Use: Single Family

Lot Features

Property View: Canal
Lot Size (Acres): 0.266
Lot Size (Sq. Ft.): 11,586
Lot Size Source: Property Appraiser Office
Lot Dimensions: 80 x 80 x 140 x 140
Frontage: Public Road
Frontage Feet: 80
Street/Road Desc.: Paved
Road Maintenance: City Maintained
Irrigation System: Assessment Paid
Lot Features: Regular, Cleared
Trees/Vegetation: Grassed
Zoning: R1-W
Lot Description: Regular, Cleared

Water Features

Water Front: Yes
Gulf Access: Yes
Water Front Desc.: Canal Front
Canal Width: Canal Width 81-120
Boat Dock Slip: Yes

Financial Considerations

Price Per Acre: $713,909
Tax Year: 2024
Terms: Buyer Finance/Cash

Disclosures and Reports

Legal Description: CAPE CORAL UNIT 26 BLK.861 PB 14 PG 128 LOTS 47 + 48
Property ID: 36-44-23-C4-00861.0470
Section: 36
Block: 861
Lot Number: 47

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Schools

Schools serving 248 SE 31st Terrace

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	0.9 mi
Skyline Elementary School 620 Southwest 19th Street, Cape Coral, FL 33991	K-5	2 mi
Cape Elementary School 4519 Vincennes Boulevard, Cape Coral, FL 33904	K-5	2.2 mi
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991	6-8	2.3 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	3.6 mi
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991	9-12	1.3 mi
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914	9-12	3 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	5.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 248 SE 31st Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/12/2026

Price Reduced

$189,900

-5%

MLS

2/26/2025

Listed

$199,900

-23.12%

MLS

2/17/2005

Sold

$260,000

—

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 248 SE 31st Terrace

Year

Property Taxes

Change

Tax Assessment

Change

2025

$1,885

-24%

$154,812

-7%

2024

$2,485

14%

$166,556

19%

2023

$2,184

25%

$139,559

67%

2021

$1,741

-13%

$83,616

-38%

2022

$2,011

16%

$135,562

107%

2021

$1,741

26%

$65,616

20%

2018

$1,379

-4%

$54,596

-30%

2017

$1,443

$78,228

-7%

2016

$1,425

-1%

$83,978

40%

2019

$1,439

$60,056

-26%

2015

$1,364

22%

$81,298

43%

2014

$1,120

32%

$57,000

68%

2013

$849

—

$33,900

—

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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 248 SE 31st Terrace

248 SE 31st Ter, Cape Coral, FL 33904 (MLS# 225021532) is a Residential Lots property with a lot size of 0.266 acres. 248 SE 31st Ter is currently listed for $189,900 and was received on February 26, 2025. Want to learn more about 248 SE 31st 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.

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248 SE 31st Terrace Cape Coral, FL 33904