2589 NW 5th Pl, Cape Coral, FL 33993 - Photo 1

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1/5

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$46,900

For Sale
Active
Residential Lots
0.244 Acres
Updated 10 days ago

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Property Description

Experience panoramic views from this exceptional oversized homesite positioned on a pristine freshwater basin flowing directly into the picturesque Carousel Lake. Each morning, be captivated by spectacular sunrises painting the sky with brilliant colors that reflect magnificently across the expansive water vista. This premier property presents the perfect canvas for your custom dream home, situated in the flourishing Northwest Cape Coral neighborhood where rapid development signals tremendous growth potential and increasing property values. Strategically located near the prestigious Coral Oaks Golf Course and just moments from the highly anticipated Festival Park development, you'll soon enjoy premium recreational amenities that complement the peaceful waterfront lifestyle. Imagine spending your days embracing the tranquility of waterfront living-kayaking through serene waterways, fishing from your private shoreline, or exploring the interconnected canal system and Carousel Lake by small boat. Whether you're ready to build immediately or seeking a smart investment opportunity in one of Cape Coral's most promising areas, this oversized waterfront property offers exceptional value in today's competitive market where premium waterfront homesites are increasingly scarce. Don't miss this wonderful opportunity to secure your slice of Florida waterfront paradise in a thriving community poised for continued growth and appreciation.RetryClaude can make mistakes. Please double-check responses.

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Full Property Details

Full Property Details for 2589 NW 5th Pl

General

Price: $46,900
Taxes: (2024)
Status: Active
Type: Residential Lots
Source: Bonita_Springs
MLS ID: 225025196
Updated: 1/7/2026
Added to Site: 313 day(s) ago

Additional Information

Shared Amenities: None, Non-Gated

Location

Area: CC41 - Cape Coral Unit 37-43, 48, 49
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Direction Faces: West

Community

Assoc. Fees Include: None
Management Type: None

Utilities

Sewer: None
Water: None
Utility Description: None

Structural Information

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

Lot Features

Property View: Basin, Canal
Lot Size (Acres): 0.244
Lot Size (Sq. Ft.): 10,628
Lot Size Source: Property Appraiser Office
Lot Dimensions: 77 x 94 x 126 x 125
Frontage: Public Road
Frontage Feet: 77
Irrigation System: None
Lot Features: Irregular Lot, Oversize
Trees/Vegetation: Grassed
Zoning: R1-W
Lot Description: Irregular Lot, Oversize

Water Features

Water Front: Yes
Water Front Desc.: Canal Front
Canal Width: Canal Width 200+

Financial Considerations

Price Per Acre: $192,213
Tax Year: 2024
Terms: Buyer Finance/Cash

Disclosures and Reports

Legal Description: CAPE CORAL UNIT 40 BLK 2806 PB 17 PG 86 LOTS 1 + 2
Property ID: 26-43-23-C4-02806.0010
Section: 26
Block: 2806
Lot Number: 1

Listed by RE/MAX Realty Team

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Schools

Schools serving 2589 NW 5th Pl

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

Name	Grades	Distance
Diplomat Elementary School 1115 Northeast 16th Terrace, Cape Coral, FL 33909	K-5	2.5 mi
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993	K-5	3.1 mi
Dr Carrie D Robinson Littleton Elementary School 700 Hutto Road, North Fort Myers, FL 33903	K-5	4.3 mi
Diplomat Middle School 1039 Northeast 16th Terrace, Cape Coral, FL 33909	6-8	2.4 mi
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993	6-8	3.1 mi
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990	6-8	4.7 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	2.8 mi
Island Coast High School 2125 De Navarra Parkway, Cape Coral, FL 33909	9-12	3.9 mi
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903	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 2589 NW 5th Pl Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/07/2026

Price Reduced

$46,900

-9.63%

MLS

11/13/2025

Price Reduced

$51,900

-12.77%

MLS

3/10/2025

Listed

$59,500

-66.93%

MLS

10/28/2005

Sold

$179,900

—

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 2589 NW 5th Pl

Year

Property Taxes

Change

Tax Assessment

Change

2025

$344

-59%

$39,245

2024

$831

$36,649

-14%

2023

$804

54%

$42,736

352%

2021

$521

-18%

$9,450

-66%

2022

$638

22%

$27,689

230%

2021

$521

-4%

$8,400

-30%

2018

$542

$12,079

-31%

2017

$528

13%

$17,523

35%

2016

$468

12%

$13,020

24%

2015

$419

11%

$10,500

-16%

2014

$376

-19%

$12,432

48%

2019

$462

72%

$8,400

12%

2013

$269

—

$7,500

—

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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 2589 NW 5th Pl

2589 NW 5th Pl, Cape Coral, FL 33993 (MLS# 225025196) is a Residential Lots property with a lot size of 0.244 acres. 2589 NW 5th Pl is currently listed for $46,900 and was received on March 10, 2025. Want to learn more about 2589 NW 5th Pl? 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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2589 NW 5th Pl Cape Coral, FL 33993