Date
Details
Price
Change
Source
12/12/2025
Listed
$200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/5
$200,000
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1/5
Property Description
Prime commercial opportunity in a growing section of Cape Coral. This rare triple lot-totaling 15,000 sq ft-located at 523 SW 3rd Terrace offers excellent visibility and easy access just minutes from the high-traffic corridor of Pine Island Road and Nicholas Parkway. Designated Commercial Professional (CP), the property is ideally suited for office, medical, professional services, or a variety of low-intensity commercial uses. All utilities are available, including Central Water, Sewer, and Irrigation, with assessments paid in full. The surrounding area is well-established with businesses such as Crunch Fitness and Dunkin', and close to major retailers including Office Depot, Kohl's, Walmart, and nearby healthcare services-creating strong consumer and employee convenience. The property is also located outside of any designated flood zone. A highly desirable oversized site offering exceptional development flexibility in one of Cape Coral's most active commercial districts.
Full Property Details
Full Property Details for 523 SW 3rd Terrace
General
- Price: $200,000
- Taxes: $1,710 (2025)
- Status: Active
- Type: Commercial Land
- Source: Bonita_Springs
- MLS ID: 2025023401
- Updated: 12/12/2025
- Added to Site: 38 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
- Driving Directions: Heading Pine Island to the West, Make a right on Nicolas. 3 blocks down is 3rd Terrace, make a right. Lot is to the right.
- Direction Faces: South
Community
- Assoc. Fees Include: None
- Management Type: None
Utilities
- Sewer: Assessment Paid, Central
- Water: Assessment Paid, Central, Irrigation Water
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Structural Information
- Description/Design: Commercial Lot
- Elevator Desc: 5-10 Feet
- Current Bldg. Use: Commercial
Lot Features
- Property View: City
- Lot Size (Acres): 0.361
- Lot Size (Sq. Ft.): 15,725
- Lot Size Source: Property Appraiser Office
- Lot Dimensions: 133 x 118 x 125 x 125
- Frontage: Public Road
- Frontage Feet: 133
- Street/Road Desc.: Paved
- Irrigation System: Assessment Paid, Central
- Elevation (Approx.): 5-10 Feet
- Lot Features: 3 Lots, Oversize
- Potential Use: Professional
- Zoning: CC
- Lot Description: 3 Lots, Oversize
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Price Per Acre: $554,016
- Tax Amount: $1,710
- Tax Year: 2025
- Terms: Buyer Finance/Cash, Cash, Consider 1st Mortgage, Owner Will Carry, Seller Pays Title
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: CAPE CORAL UNIT 29 BLK 1937 PB 16 PG 22 LOTS 33 THRU 35
- Property ID: 14-44-23-C4-01937.0330
- Section: 14
- Block: 1937
- Lot Number: 33
Listed by Palermo Real Estate LLC
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Listing agent
— 523 SW 3rd Terrace —
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Schools
Schools serving 523 SW 3rd Terrace
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 | 1.6 mi |
Skyline Elementary School 620 Southwest 19th Street, Cape Coral, FL 33991 | K-5 | 1.9 mi |
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 1.5 mi |
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993 | 6-8 | 1.8 mi |
Trafalgar Middle School 2120 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 2.5 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 1.9 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 2.4 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 4.3 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 523 SW 3rd Terrace
Tax History
Tax History for 523 SW 3rd Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,568
9%
$367,416
9%
2024
$4,187
21%
$336,884
50%
2023
$3,451
12%
$225,314
-6%
2022
$3,087
-23%
$238,465
34%
2021
$4,035
—
$177,766
10%
2021
$4,035
8%
$161,497
2%
2019
$3,748
3%
$159,093
7%
2018
$3,638
7%
$149,202
7%
2017
$3,396
9%
$139,713
13%
2016
$3,112
9%
$123,307
12%
2015
$2,847
69%
$109,798
14%
2014
$1,680
21%
$96,000
12%
2013
$1,388
—
$85,896
—
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 523 SW 3rd Terrace
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- Active
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- Condo / Townhouse
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
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Listed by SW Coastal Dream Team (239) 275-5500
- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 4Total Baths
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- Active
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- 2Beds
- 2Total Baths
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Listed by The Vetere Team (239) 851-5600
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- Single Family
- Closed
- Updated 6 days ago
- 3Beds
- 2Total Baths
- 1,070Sq. Ft.
523 SW 3rd Ter, Cape Coral, FL 33991 (MLS# 2025023401) is a Commercial Land property with a lot size of 0.361 acres. 523 SW 3rd Ter is currently listed for $200,000 and was received on December 12, 2025. Want to learn more about 523 SW 3rd Ter? Do you have questions about finding other Commercial Land 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.