With approved building and MEP plans for mixed-use workforce housing and commercial space, this entitled land presents a prime investment opportunity in CP zoning, allowing flexibility for a wide range of uses (confirm with zoning). The development includes 39 workforce housing units and 8,300 square feet of commercial space, blending residential and commercial possibilities and creating the ideal live-work scenario. This property is ideal for developers or entrepreneurs looking to capitalize on the growing demand for affordable housing and commercial opportunities in the area. The 39 workforce housing units are designed with modern, efficient layouts to meet the needs of the local workforce. The 8,300 sq. ft. of commercial space is positioned to accommodate various business uses under CP zoning, providing flexibility and income potential through long-term leases. Located in the bustling South Cape Coral area, this parcel offers convenient access to public transportation, major highways, schools, parks, restaurants, and healthcare facilities. Its strategic location ensures residents a high quality of life and access to local amenities. This investment offers strong potential due to the high demand for workforce housing, ensuring a stable rental market. The commercial space provides opportunities for long-term leases and additional revenue streams. Investing in this property also contributes to the local community by providing much-needed affordable housing and supporting local businesses. The growth potential is significant, with property values expected to rise as the area develops. Please note that this deed-restricted property under the Live Local Bill requires 40% of the units to be rented to individuals earning less than 120% of the Area Median Income (AMI). As of April 2024, the AMI in Cape Coral is $88,800. Seller financing is available.
Property Details
Property Features
Listing Office:
Office Name: Coast Life Properties LLC
Office Phone: (616) 638-9795
Listing Agent: Kyle Doyon
Exterior Features
Exterior Information:
Waterfront: None
View: City
Lot Features
Lot Information:
Lot: Oversized Lot, See Remarks
Lot Size: 0.69 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $1,450,000
Tax Information:
Annual Amount: $2,058
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Cape Coral, FL.
This property is $1.0M more than the Median Sold Price in Cape Coral, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: SWFL
MLS Number: #224056208
Listing Office:
Office Name: Coast Life Properties LLC
Office Phone: (616) 638-9795
Listing Agent: Kyle Doyon
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/22/2024, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jan 06, 2010
Jan 06, 2010Home Sold
$99,100
Apr 13, 2005
Apr 13, 2005Home Sold
$360,000
Dec 16, 1997
Dec 16, 1997Home Sold
$80,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$2,058
$120,000
2019
$1,933
$43,923
2018
$1,541
$39,930
2017
$1,456
$60,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Cape Elementary School
4519 Vincennes Blvd
Distance between this listing and this school1.04 miles
Public District Grades KG-5
7
/10
Pelican Elementary School
3525 SW 3rd Ave
Distance between this listing and this school1.82 miles
Public District Grades KG-5
7
/10
Gulf Elementary School
3400 SW 17th Pl
Distance between this listing and this school3.47 miles
Public District Grades KG-5
Nearby Schools
7
/10
Gulf Middle School
1809 SW 36th Ter
Distance between this listing and this school3.33 miles
Public District Grades 6-8
2
/10
Heritage Charter Academy of Cape Coral
2107 Santa Barbara Blvd
Distance between this listing and this school3.48 miles
Public Charter Grades KG-8
8
/10
Oasis Charter Middle School
3507 Oasis Blvd
Distance between this listing and this school3.98 miles
Public Charter Grades 6-8
Nearby Schools
5
/10
Cape Coral High School
2300 Santa Barbara Blvd
Distance between this listing and this school3.21 miles
Public Magnet Grades 9-12
5
/10
Ida S. Baker High School
3500 Agualinda Blvd
Distance between this listing and this school3.61 miles
Public District Grades 9-12
7
/10
Oasis Charter High School
3519 Oasis Blvd
Distance between this listing and this school3.96 miles
The neighbors living near this home have an average income of $81,019. The majority of Cape Coral, FL residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 430 SW 47th Ter
What is the listing price of this property?
The listing price of 430 SW 47th Ter property is $1,450,000.
What type of property is this?
The property 430 SW 47th Ter is land located in Cape Coral, Florida, 33914.
Is this property for sale now?
Active Listing: 430 SW 47th Ter is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,058 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 6, 2010 for $99,100. (source: MLS/tax record).
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This home is located at 430 SW 47th Ter in Cape Coral, FL and zip code 33914 in the Caloosahatchee neighborhood. This home sits on a 0.69 acre lot. It has been listed on Rocket Homes since July 02, 2024 and is currently priced at $1,450,000.
Cape Coral, FL housing market in October 2024 saw over 30 listings sold above listed price, more than 80 sold at listed price and over 263 sold below. The number of homes for sale in Cape Coral, FL increased by 5% between September 2024 and October 2024. In October 2024 median list price was $390,012 and the average listing age was 79 days.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
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