THE ULTIMATE CAPE CORAL DEVELOPER’S DREAM - 304 SW 3RD PL, CAPE CORAL
WATERFRONT CORNER LOT WITH MULTIFAMILY POTENTIAL - 304 SW 3RD PL, CAPE CORAL
This prime .39-acre waterfront CORNER LOT is the golden ticket your portfolio has been begging for - 304 SW 3RD PL, CAPE CORAL
Nestled in a rapidly expanding, high-demand pocket where neighboring properties showcase high-density residential zoning - 304 SW 3RD PL, CAPE CORAL
Picture building luxury units where your tenants wake up to sparkling water views - 304 SW 3RD PL, CAPE CORAL
The property is in the distance just off the water by the local water park attraction - 304 SW 3RD PL, CAPE CORAL
step outside to experience the absolute best of Southwest Florida living. - 304 SW 3RD PL, CAPE CORAL
7 photos

$310,000

304 SW 3RD PL
CAPE CORAL, FL 33991
Listed by Tiffany Novitsky · LAUREN MICHAELS R.E. PARTNERS
Bedrooms
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Bathrooms
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Living area
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Year built
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About this home

THE ULTIMATE CAPE CORAL DEVELOPER’S DREAM – WATERFRONT CORNER LOT WITH MULTIFAMILY POTENTIAL! Stop looking, you’ve just found the crown jewel of Cape Coral. This prime .39-acre waterfront CORNER LOT is the golden ticket your portfolio has been begging for. Nestled in a rapidly expanding, high-demand pocket where neighboring properties showcase high-density residential zoning up to 10+ units an acre, this parcel is a blank canvas for a lucrative multifamily masterpiece. Picture building luxury units where your tenants wake up to sparkling water views, then step outside to experience the absolute best of Southwest Florida living. Location isn’t just everything here—it’s a goldmine. Your future tenants are walking distance or a short drive from the high-thrill Sun Splash Family Waterpark, premier bowling alleys, basketball courts, and championship miniature golf. It is the ultimate "live, work, play" trifecta that keeps vacancy rates at zero. Whether you build high-end multi-generational rentals or a sleek modern plex, this corner lot commands premium rents and maximum visibility. Waterfront land in Cape Coral is disappearing fast, and a corner tract with this development upside is virtually extinct. Do not wait for someone else to build your dream. Bring your blueprint, secure your future, and dominate the market

Property details

MLS #
MFRTB8520593
Property type
Land
Subdivision
CAPE CORAL
Status
Active
Days on market
N/A
On market date
June 17, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.36 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter
MID CAPE GLOBAL ACADEMY
0.28 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
759
Student:teacher ratio
19.5:1
District
LEE
Middle
CHALLENGER MIDDLE SCHOOL
1.6 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,115
Student:teacher ratio
20.6:1
District
LEE
HighCharter
NORTH NICHOLAS HIGH SCHOOL
0.3 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
282
Student:teacher ratio
40.3:1
District
LEE

Mortgage calculator

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Est. monthly payment
$2,017/mo
$62,000 down
$248,000 loan
Principal & interest$1,609
Property tax (est.)$258
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated June 18, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.