807 NE 38th Ter, Cape Coral, FL 33909 - Photo 1

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$49,900 -$5,000 (-9.11%) Price Reduced

For Sale
Active
Residential Lots
0.28 Acres
Updated 1 day ago

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Property Description

Excellent opportunity to own this oversized freshwater canal lot, encompassing 0.28 acres of prime real estate in this booming section of Cape Coral. Situated on a freshwater canal, this lot is the perfect canvas to build the masterpiece home you've always dreamed of. Zone X, no flood insurance required! The adjacent lot at 801 NE 38th Ter and 3819 Andalusia Blvd, are also available for purchase, combining for nearly an acre of land. Build a single grand estate or multiple homes. This is a rare chance to secure a large parcel in a rapidly growing area. Whether you envision a luxurious single estate or multiple homes, the possibilities are endless. No assessments due at this time. Inquire today for more details!

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Full Property Details

Full Property Details for 807 NE 38th Terrace

General

Price: $49,900
Taxes: (2024)
Status: Active
Type: Residential Lots
Source: Bonita_Springs
MLS ID: 2025011305
Updated: 3/3/2026
Added to Site: 167 day(s) ago

Additional Information

Shared Amenities: No Subdivision, Non-Gated

Location

Area: CC32 - Cape Coral Unit 84-88
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Direction Faces: South

Community

Assoc. Fees Include: None

Utilities

Sewer: None
Water: None
Utility Description: Electricity Available

Structural Information

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

Lot Features

Property View: Canal, Water
Lot Size (Acres): 0.28
Lot Size (Sq. Ft.): 12,196
Lot Size Source: Property Appraiser Office
Lot Dimensions: 115 x 80 x 130 x 125
Frontage: Public Road
Frontage Feet: 115
Street/Road Desc.: Paved
Irrigation System: None
Lot Features: Oversize
Zoning: R1-W
Lot Description: Oversize

Water Features

Water Front: Yes
Water Front Desc.: Canal Front, Navigable Water
Canal Width: Canal Width 81-120

Financial Considerations

Price Per Acre: $178,214
Tax Year: 2024
Terms: Buyer Finance/Cash, Buyer Pays Title, FHA, VA Loan

Disclosures and Reports

Legal Description: CAPE CORAL UNIT 87 BLK 5682 PB 24 PG 74 LOTS 23 + 24
Property ID: 18-43-24-C4-05682.0230
Section: 18
Block: 5682
Lot Number: 23

Listed by Sposen Realty & Development

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Schools

Schools serving 807 NE 38th 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	3.1 mi
Dr Carrie D Robinson Littleton Elementary School 700 Hutto Road, North Fort Myers, FL 33903	K-5	3.5 mi
North Fort Myers Academy For The Arts 1856 Arts Way, North Fort Myers, FL 33917	6-8	4.9 mi
Diplomat Middle School 1039 Northeast 16th Terrace, Cape Coral, FL 33909	6-8	3 mi
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993	6-8	5.6 mi
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990	6-8	5.9 mi
Island Coast High School 2125 De Navarra Parkway, Cape Coral, FL 33909	9-12	1.7 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	5.3 mi
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903	9-12	5.5 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 807 NE 38th Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/03/2026

Price Reduced

$49,900

-9.11%

MLS

1/21/2026

Price Reduced

$54,900

-8.19%

MLS

12/14/2025

Price Reduced

$59,800

-0.17%

MLS

9/19/2025

Listed

$59,900

24.79%

MLS

2/21/2022

Sold

$48,000

—

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 807 NE 38th Terrace

Year

Property Taxes

Change

Tax Assessment

Change

2025

$559

-50%

$36,338

-12%

2024

$1,122

13%

$41,131

30%

2023

$995

84%

$31,649

277%

2021

$541

-13%

$8,400

-58%

2022

$623

15%

$19,990

144%

2021

$541

-2%

$8,200

-29%

2018

$554

$11,495

2017

$507

10%

$10,901

15%

2016

$463

-11%

$9,500

-5%

2019

$523

17%

$10,000

-12%

2015

$446

19%

$11,400

18%

2014

$375

27%

$9,700

17%

2013

$295

—

$8,300

—

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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 807 NE 38th Terrace

807 NE 38th Ter, Cape Coral, FL 33909 (MLS# 2025011305) is a Residential Lots property with a lot size of 0.28 acres. 807 NE 38th Ter is currently listed for $49,900 and was received on September 19, 2025. Want to learn more about 807 NE 38th 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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807 NE 38th Terrace Cape Coral, FL 33909