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$550,000
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Property Description
This exceptional multi-family zoned lot offers 200 feet of lakefront on the scenic shores of LAKE KENNEDY in beautiful Cape Coral, Florida. With water and sewer assessments fully paid and a BRAND NEW SEAWALL, this property is development-ready and perfectly suited for investors or builders looking to create a premier project. Lake Kennedy, part of the sought-after Seven Lakes Chain, provides tranquil water views and access to boating, fishing, and recreational activities, making this location ideal for residents who enjoy an active lifestyle. The generous lakefront footage offers plenty of space for multiple units to enjoy serene water views, as well as plenty of space for a large shared outdoor area or dock. Cape Coral's thriving community, excellent schools, and proximity to shopping, dining, and entertainment enhance the lot's value, making it an ideal investment opportunity. Don't miss this chance to build on one of the area's most desirable lakes and bring your project vision to life in the heart of Cape Coral!
Full Property Details
Full Property Details for 503 SW 3rd Ct
General
- Price: $550,000
- Taxes: (2025)
- Status: Active
- Type: Residential Lots
- Source: Bonita_Springs
- MLS ID: 2026013042
- Updated: 4/7/2026
- Added to Site: 11 day(s) ago
Additional Information
- Shared Amenities: No Subdivision
Location
- Area: CC23 - Cape Coral Unit 28, 29, 45, 62, 63, 66, 68
- County: Lee
- Subdivision: CAPE CORAL
- Building Name: CAPE CORAL
- Direction Faces: Southwest
Community
- Assoc. Fees Include: None
Utilities
- Sewer: Assessment Paid
- Water: Assessment Paid
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Sewer Available, Water Available
Structural Information
- Description/Design: Residential Lot
- Current Bldg. Use: Multi_MF
Lot Features
- Property View: Lake
- Lot Size (Acres): 0.5739
- Lot Size (Sq. Ft.): 24,999
- Lot Size Source: Property Appraiser Office
- Lot Dimensions: 201 x 201 x 125 x 125
- Frontage: Public Road
- Frontage Feet: 201
- Irrigation System: Assessment Paid
- Lot Features: 3 Lots, Oversize
- Lot Description: 3 Lots, Oversize
Water Features
- Water Front: Yes
- Water Front Desc.: Lake
- Lake Front: Yes
Financial Considerations
- Price Per Acre: $958,355
- Tax Year: 2025
- Terms: Buyer Finance/Cash
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: WILLIAMSON ESTATES LOTS 1 + 2
- Property ID: 14-44-23-C4-13000.0010
- Section: 14
- Block: 13000
- Lot Number: 1
Listed by Elite Global Realty Group LLC
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Schools
Schools serving 503 SW 3rd Ct
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993 | K-5 | 1.1 mi |
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991 | K-5 | 1.5 mi |
Skyline Elementary School 620 Southwest 19th Street, Cape Coral, FL 33991 | K-5 | 1.8 mi |
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 1.4 mi |
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993 | 6-8 | 2 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 2.1 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 2.2 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 4.3 mi |
Trafalgar Elementary School 1850 Southwest 20th Avenue, Cape Coral, FL 33991 | K-5 | 2.6 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 503 SW 3rd Ct
Date
Details
Price
Change
Source
4/07/2026
Listed
$550,000
—
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 503 SW 3rd Ct
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,661
1%
$143,083
-65%
2024
$6,583
-5%
$410,792
-20%
2023
$6,959
183%
$512,592
854%
2021
$2,461
-47%
$53,750
-50%
2022
$4,603
—
$107,500
—
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 503 SW 3rd Ct
503 SW 3rd Ct, Cape Coral, FL 33991 (MLS# 2026013042) is a Residential Lots property with a lot size of 0.5739 acres. 503 SW 3rd Ct is currently listed for $550,000 and was received on April 07, 2026. Want to learn more about 503 SW 3rd Ct? 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.

