2516 NW 1st Ter, Cape Coral, FL 33993 - Photo 1

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$50,000 Just Listed

For Sale
Active
Residential Lots
0.244 Acres
Updated 4 days ago

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Property Description

Oversized freshwater canal lot in NW Cape Coral - no gulf access, so you get quiet, private canal-front living at real value. This .24-acre (10,629 sq ft) has a South rear exposure, cleared and ready, on a public paved road with cable and electric available at the street. No HOA, no mandatory club fees. Bring your builder and enjoy peaceful canal living in a growing corner of Cape Coral. There is a current burrowing owl nest at the front of the property. The lot is buildable - construction and site work must comply with City of Cape Coral requirements.

Full Property Details

Full Property Details for 2516 NW 1st Terrace

General

Price: $50,000
Taxes: (2025)
Status: Active
Type: Residential Lots
Source: Bonita_Springs
MLS ID: 2026034362
Updated: 8/19/2026
Added to Site: 5 day(s) ago

Additional Information

Shared Amenities: No Subdivision

Location

Area: CC42 - Cape Coral Unit 50, 54, 51, 52, 53,
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Driving Directions: From Colonial Blvd/Cape Coral. Turn right onto Chiquita Blvd S. Turn left onto Embers Parkway, then turn right onto NW 24th Place. Next, turn left onto NW 1st Street, followed by a right onto NW 25th Avenue. The destination will be on your left.
Direction Faces: North

Community

Assoc. Fees Include: None
Management Type: None

Utilities

Sewer: None
Water: None
Cable Available: Yes
Utility Description: Cable Available, Electricity Available

Structural Information

Description/Design: Residential Lot
Current Bldg. Use: Other/See Remarks

Lot Features

Property View: City
Lot Size (Acres): 0.244
Lot Size (Sq. Ft.): 10,628
Lot Size Source: Property Appraiser Office
Lot Dimensions: 80 x 80 x 125 x 125
Frontage: Public Road
Frontage Feet: 80
Irrigation System: None
Lot Features: Oversize, Cleared
Zoning: R1-W
Lot Description: Oversize, Cleared

Water Features

Water Front: Yes
Water Front Desc.: None/Other

Financial Considerations

Price Per Acre: $204,918
Tax Year: 2025
Terms: Buyer Finance/Cash, Cash

Disclosures and Reports

Legal Description: CAPE CORAL UNIT 55 BLK 4007 PB 19 PG 96 LOTS 48 + 49
Property ID: 08-44-23-C3-04007.0480
Section: 8
Block: 4007
Lot Number: 48

Listed by Palermo Real Estate LLC

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Schools

Schools serving 2516 NW 1st Terrace

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

Name	Grades	Distance
Trafalgar Elementary School 1850 Southwest 20th Avenue, Cape Coral, FL 33991	K-5	2.6 mi
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993	K-5	3.2 mi
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991	K-5	3.3 mi
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993	6-8	1.3 mi
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991	6-8	3.3 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	1.5 mi
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991	9-12	4.3 mi
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914	9-12	4.7 mi
Skyline Elementary School 620 Southwest 19th Street, Cape Coral, FL 33991	K-5	3.6 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 2516 NW 1st Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

8/19/2026

Listed

$50,000

203.03%

MLS

3/11/2016

Sold

$16,500

—

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 2516 NW 1st Terrace

Year

Property Taxes

Change

Tax Assessment

Change

2025

$963

—

$16,105

10%

2025

$963

$14,641

-71%

2024

$906

16%

$50,508

34%

2023

$781

48%

$37,686

277%

2021

$528

-17%

$10,000

-63%

2022

$638

21%

$26,920

124%

2021

$528

-6%

$12,000

-14%

2018

$562

$14,000

-1%

2017

$546

12%

$14,212

-1%

2016

$488

-13%

$14,300

2019

$561

18%

$14,000

-18%

2015

$477

23%

$17,000

32%

2014

$389

37%

$12,900

57%

2013

$283

—

$8,200

—

View All

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 2516 NW 1st Terrace

2516 NW 1st Ter, Cape Coral, FL 33993 (MLS# 2026034362) is a Residential Lots property with a lot size of 0.244 acres. 2516 NW 1st Ter is currently listed for $50,000 and was received on August 19, 2026. Want to learn more about 2516 NW 1st 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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2516 NW 1st Terrace Cape Coral, FL 33993