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224 NW 28th Terrace, CAPE CORALCape Coral, FL 33993Price: $39,000

  • Price: $39,000
  • Est. Mortgage of $/month
  • 1 Day on Market
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$
%
$/month over payments
Federal 30-year interest rate: 7.03% last updated on Sep 24, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $39,000List Price
  • 0.37Acreage
  • 2026038797MLS Number

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Building a dream home in Southwest Florida? This .366-acre oversized corner lot in Central Cape Coral is a rare find that perfectly balances space, privacy, and convenience.Property Overview Located at 224 NW 28th TER, this property offers a generous 15,943 sq. ft. canvas for a custom single-family residence. Its unique "inside corner" positioning provides extra design flexibility and a sense of seclusion within a growing, vibrant neighborhood.Location & Lifestyle: The lot is strategically placed to keep you connected to the best of the Gulf Coast:Everyday Essentials: Just minutes from local schools, parks, shopping centers, and diverse dining options.Coastal Escapes: Enjoy a short drive to the artistic charm of Matlacha, the Waterfront Resturants in Downtown Cape Coral and Fort Myers.Seamless Commutes: Quick access to major arteries like Burnt Store Road and Pine Island Road makes traveling through Lee County effortless.Key HighlightsFeatureDetailsSize.37 Acres (approx. 58x189x175x125)ZoningR1-D (Single Family Residential)ExposureSouthwest Rear Exposure (ideal for sunsets/pools) Utilities: Septic & Well requiredAnnual Taxes$990 (2024)Note: With no HOA fees and a central location, this lot is an excellent choice for both immediate custom construction or as a long-term investment in Cape Coral's expanding market. This lot does have an Owl restriction, however, I have found only one degraded and empty nest. The only requirement would be to have an enviormental firm check the lot and send their findings to Cape Coral. Approximate cost $300 to $400. This is a great opportunity to purchase this oversized property.

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Listed by Smitty Smith of ERA Cape Realty

Based on information submitted to Gulf Coast as of September 30, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or Gulf Coast.  All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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