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Under contract-accepting backup offers. Build your dream home on this prime homesite in desirable NE Cape Coral! This generous 80' x 125' lot offers plenty of room for a spacious custom home, pool, and outdoor living area. Situated on a quiet street in an established neighborhood with NO HOA, you'll enjoy easy access to shopping, dining, schools, parks, and major roadways while maintaining a peaceful residential setting. Located in Flood Zone X, this property is outside the Special Flood Hazard Area according to FEMA maps. Whether you're ready to build your forever home or invest for the future, this property offers an outstanding opportunity in one of Southwest Florida's fastest-growing communities. Enjoy convenient access to the Caloosahatchee River, where public parks, boat ramps, fishing, kayaking, and waterfront recreation are just a short drive away—giving you all the benefits of the Florida lifestyle without paying waterfront prices. As Cape Coral continues to grow, vacant lots in desirable neighborhoods are becoming increasingly scarce. Don't miss your chance to secure your piece of paradise and start building the home you've always envisioned.
Disclaimer: A gopher tortoise burrow was previously identified on the property (March 2023). Gopher tortoises are a protected species under Florida law, and the current status of the burrow or any tortoise occupancy has not been verified by the seller. Buyers are encouraged to conduct their own due diligence regarding the property's current conditions, permitting, construction requirements, and any relocation or mitigation that may be necessary prior to development.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $39,920 | $39,920 | $39,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $239 | $252 | $332 |
| Total Monthly Payment | $314 | $327 | $407 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.