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$48,000
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Property Description
BUILD NOW, BUILD LATER ... OR SIMPLY SECURE YOUR PIECE OF THE SW FLORIDA LIFESTYLE TODAY! This CLEARED STANDARD DOUBLE LOT SITE is ready for your future dream home and located in an area of NEWER HOMES with additional new construction continuing throughout the neighborhood. Whether you are ready to break ground now or prefer to hold as a long-term investment, Cape Coral offers flexibility with NO BUILD TIME RESTRICTIONS and NO HOA FEES or restrictive HOA rules to navigate. Even better, this property is NOT LOCATED IN A FLOOD ZONE, helping reduce future building and insurance concerns. Future utility expansion area six (6). Cape Coral continues to attract buyers from across the country for good reason. Often referred to as the WATERFRONT WONDERLAND, Cape Coral is home to nearly 400 MILES OF CANALS - more than many cities in the world - creating a lifestyle centered around boating, fishing, kayaking, paddleboarding, waterfront dining, and sunshine-filled days outdoors. Residents love the relaxed coastal atmosphere combined with the convenience of a growing city that continues to expand with new restaurants, shopping, entertainment, and recreation. Whether your idea of the perfect day includes launching a boat, enjoying pickleball with friends, golfing year-round, or simply watching Florida sunsets, this area offers something for nearly every lifestyle. This property is located near freshwater and saltwater boat ramps, city parks, golf courses, pickleball courts, walking and biking paths, schools, libraries, shopping, dining, healthcare, and everyday conveniences. Cape Coral is also known for being PET FRIENDLY and RENTAL FRIENDLY, making this property attractive for both future personal use and investment potential. Another reason buyers continue to invest in Southwest Florida is the location itself. Cape Coral provides convenient access to some of Florida's most popular destinations including SANIBEL ISLAND, CAPTIVA ISLAND, FORT MYERS BEACH, PINE ISLAND, MATLACHA, and the beautiful Gulf beaches and barrier islands that make this region famous worldwide. RSW INTERNATIONAL AIRPORT and PGA PUNTA GORDA AIRPORT are located nearby for easy travel connections, while nearby downtown Fort Myers offers riverfront dining, entertainment, art walks, and community events throughout the year. With continued growth, strong demand for new construction, and the flexibility to BUILD NOW OR HOLD FOR THE FUTURE, opportunities like this continue to attract buyers looking to secure land in one of Southwest Florida's most recognized and desirable coastal communities. Cape Coral continues to earn national recognition as one of the BEST places to LIVE, WORK, and RETIRE while also frequently being recognized among the SAFEST CITIES IN THE COUNTRY. YOUR FUTURE FLORIDA ADDRESS STARTS HERE.
Full Property Details
Full Property Details for 427 NE 23rd Terrace
General
- Price: $48,000
- Taxes: (2025)
- Status: Active
- Type: Residential Lots
- Source: Bonita_Springs
- MLS ID: 2026021467
- Updated: 5/19/2026
- Added to Site: 8 day(s) ago
Additional Information
- Shared Amenities: None, Boating, Non-Gated
Location
- Area: CC31 - Cape Coral Unit 17, 31-36,
- County: Lee
- Subdivision: CAPE CORAL
- Building Name: CAPE CORAL
- Driving Directions: Head North on Del Prado Blvd S to West on Kismet Pkwy to South onto NE 5th Pl. Turn West on NE 23rd Ter. Destination will be on the right.
- Direction Faces: South
Community
- Assoc. Fees Include: None
- Management Type: None
Utilities
- Sewer: None
- Water: None
- Utility Description: Trash Removal
Structural Information
- Description/Design: Residential Lot
- Current Bldg. Use: Single Family
Lot Features
- Property View: Landscaped Area
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,018
- Lot Size Source: Property Appraiser Office
- Lot Dimensions: 80 x 80 x 125 x 125
- Frontage: Public Road
- Frontage Feet: 80
- Street/Road Desc.: Paved
- Irrigation System: None
- Lot Features: Regular, Cleared
- Zoning: R1-D
- Lot Description: Regular, Cleared
Water Features
- Water Front Desc.: None
- Canal Width: None
- Boat Dock Slip: Yes
Financial Considerations
- Price Per Acre: $208,695
- Tax Year: 2025
- Terms: Buyer Finance/Cash
Disclosures and Reports
- Legal Description: CAPE CORAL UNIT 36 BLK 2533 PB 16 PG 117 LOTS 28 + 29
- Property ID: 36-43-23-C2-02533.0280
- Section: 36
- Block: 2533
- Lot Number: 28 + 29
Listed by Encore Realty Services Inc
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Schools
Schools serving 427 NE 23rd Terrace
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 | 1.1 mi |
Dr Carrie D Robinson Littleton Elementary School 700 Hutto Road, North Fort Myers, FL 33903 | K-5 | 3 mi |
Tropic Isles Elementary School 5145 Orange Grove Boulevard, North Fort Myers, FL 33903 | K-5 | 3.6 mi |
Diplomat Middle School 1039 Northeast 16th Terrace, Cape Coral, FL 33909 | 6-8 | 1.1 mi |
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990 | 6-8 | 3.8 mi |
Island Coast High School 2125 De Navarra Parkway, Cape Coral, FL 33909 | 9-12 | 3 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 3.3 mi |
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903 | 9-12 | 4.1 mi |
Caloosa Elementary School 620 Del Prado Boulevard South, Cape Coral, FL 33990 | K-5 | 4 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 427 NE 23rd Terrace
Date
Details
Price
Change
Source
5/19/2026
Listed
$48,000
—
MLS
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 427 NE 23rd Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$892
15%
$12,079
-60%
2024
$775
15%
$30,458
36%
2023
$675
36%
$22,422
167%
2021
$497
-10%
$8,400
-46%
2022
$554
11%
$15,574
108%
2021
$497
—
$7,500
-29%
2019
$496
12%
$10,500
69%
2018
$444
8%
$6,202
-40%
2017
$412
8%
$10,255
8%
2016
$381
14%
$9,500
38%
2015
$335
25%
$6,900
33%
2014
$267
38%
$5,170
23%
2013
$193
—
$4,200
—
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 427 NE 23rd Terrace
427 NE 23rd Ter, Cape Coral, FL 33909 (MLS# 2026021467) is a Residential Lots property with a lot size of 0.23 acres. 427 NE 23rd Ter is currently listed for $48,000 and was received on May 19, 2026. Want to learn more about 427 NE 23rd 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.

