NOT LISTED FOR SALE

1024 SE 38th St Cape Coral, FL 33904

Caloosahatchee Neighborhood

Estimated Value: $514,000 - $661,000

0.58 Acre
$1,023,586 Price per Acre
25,256 Sq Ft Lot

Last Sold July 14, 2023

Last sale price $660,000

Est. 10% decrease in value since last sale

Current estimated payment $3,729/month

344 Days on Market

Highlights

  • Boating
  • Water access To Gulf or Ocean
  • Home fronts a canal
  • Cape Elementary School Rated A-
  • 0.58 Acre Lot
  • Corner Fireplace

About This Lot

As of July 2023

RARE FIND! BEST LOCATION WATERFRONT MULTI-FAMILY BUILDING LOT! HUGE SELLER PRICE REDUCTION! MULTI-FAMILY 9 UNIT BUILD SITE ON RUBICON CHANNEL WITH ALMOST 300 FEET OF SEA WALLED SITE! THIS UNIQUE PROPERTY IS ZONED FOR MULTI-FAMILY FOR UP TO 9 UNITS EACH WITH PRIVATE DOCKS! Seawall was installed 2016, all assessments paid. BUY-BUILD-INVEST-SPEC-HOLD, HERE IS YOUR OPPORTUNITY TO BUILD 9 WATERFRONT TOWN HOMES, KEEP ONE, SELL THE OTHER EIGHT, BUILD AND SELL ALL UNITS AS A CONDO PROJECT OR KEEP THEM AS VACATION RENTALS. COULD BE BIG MONEY GENERATOR. Located in a low traffic area, plus outstanding view of intersecting canals. SERIOUSLY, YOUR TALKING ABOUT AAA WATERFRONT LOCATION FOR BUILDERS OR PRIVATE BUYERS AT INCREDIBLE PRICING AND OPPORTUNITY!!

Last Agent to Sell the Property

Steve Bacardi

Coldwell Banker Realty Listed on: 06/14/2022

Coldwell Banker Realty

Last Buyer's Agent

David Meyers

Premiere Plus Realty Company License #FORT-258005224

Premiere Plus Realty Company

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,384

Lot Details

  • 0.58 Acre Lot
  • Home fronts a canal
  • Southeast Facing Home
  • Paved or Partially Paved Lot
  • Property is zoned R3-W

Interior Spaces

  • Corner Fireplace
  • Canal Views

Utilities

  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06-45-24-C4-00485.0010
  • Tax Block 485

Community Details

Overview

  • Cape Coral Condos
  • Cape Coral Community

Amenities

  • Door to Door Trash Pickup

Recreation

  • Boating
  • Water access To Gulf or Ocean
  • Fixed Bridges

Property Details

Property Type

Land

Est. Annual Taxes

$4,384

Lot Details

0

Listing Details

  • Legal Description: CAPE CORAL UNIT 14 PB 13 PG 66 BLK 485 LOT 1 + BLK 488 LOTS 31 + 32 + VAC ROW
  • Property Type: Lot & Land
  • Table: Lot & Land
  • Street View Param: 1$26.582368$-81.953535$99.24$13.33$1.00$-wRwoSkH10B5zX2mS4HS_w
  • Property Information: RARE FIND! BEST LOCATION WATERFRONT MULTI-FAMILY BUILDING LOT! HUGE SELLER PRICE REDUCTION! MULTI-FAMILY 9 UNIT BUILD SITE ON RUBICON CHANNEL WITH ALMOST 300 FEET OF SEA WALLED SITE! THIS UNIQUE PROPERTY IS ZONED FOR MULTI-FAMILY FOR UP TO 9 UNITS EACH WITH PRIVATE DOCKS! Seawall was installed 2016, all assessments paid. BUY-BUILD-INVEST-SPEC-HOLD, HERE IS YOUR OPPORTUNITY TO BUILD 9 WATERFRONT TOWN HOMES, KEEP ONE, SELL THE OTHER EIGHT, BUILD AND SELL ALL UNITS AS A CONDO PROJECT OR KEEP THEM AS VACATION RENTALS. COULD BE BIG MONEY GENERATOR. Located in a low traffic area, plus outstanding view of intersecting canals. SERIOUSLY, YOUR TALKING ABOUT AAA WATERFRONT LOCATION FOR BUILDERS OR PRIVATE BUYERS AT INCREDIBLE PRICING AND OPPORTUNITY!!
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Canal Width: Canal Width 151-200
  • Gulf Access Type: Bridge(s)/Water Indirect
  • Gulf Access Yn: Yes
  • Waterfront Description: Canal
  • Road: Paved Road, Public Road
  • View: Canal

Utilities

  • Utilities Available: Cable, Electric, Sewer, Trash Removal, Water
  • Sewer: Assessment Paid, Central
  • Water: Central

Condo/Co-op/Association

  • Approval: Buyer
  • Sub Condo Name: CAPE CORAL
  • Development Name: CAPE CORAL

Association/Amenities

  • Development: Cape Coral
  • Community Type: Boating, Non-Gated

Lot Info

  • Lot Back: 224
  • Lot Frontage: 275
  • Lot Left: 76
  • Lot Right: 125
  • Lot Unit: 1
  • Price Per Acre: 1138323.56
  • Section: 6
  • Zoning Code: R3-W
  • Acres: 0.5798
  • Waterfront: Yes
  • Ground Cover: Grass
  • Land Improvements: Build To Suit
  • Land Use Code: 08-Multi-Family-Less Than 10 Uni
  • Lot Description: Corner, Oversize
  • Lot Type: Residential Lot
  • Rear Exposure: Se
  • Usage: Multi_mf
  • Parcel Number: 06-45-24-C4-00485.0010

Tax Info

  • Tax District Type: Municipal Service Tax Unit
  • Taxes: 4383.63
  • Tax Year: 2021
  • Tax Description: City And County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2020
Closed on
Apr 9, 2021
Sold by
Premier Properties Of Cape Coral Inc
Bought by
Pt Land Development Llc
Seller's Agent
Robert Peterson
Commercial Realty Specialists
Buyer's Agent
Amy Robbins
List Price
$349,900
Sold Price
$340,000
Premium/Discount to List
-$9,900
-2.83%
Current Estimated Value
$593,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,475
Avg. Annual Appreciation
13.43%
Original Mortgage
$238,000
Outstanding Balance
$215,814
Interest Rate
3%
Mortgage Type
Credit Line Revolving
Estimated Equity
$377,661

Purchase Details

Closed on
Jan 7, 2015
Sold by
Kennedy Patricia A
Bought by
Premier Properties Of Cape Coral Inc

Purchase Details

Closed on
Sep 17, 2008
Sold by
Kennedy Builders Of Cape Coral Inc
Bought by
Kennedy Patricia A

Purchase Details

Closed on
Oct 21, 1999
Sold by
Palm Development Inc
Bought by
Kennedy Builders Of Cape Coral Inc

Purchase Details

Closed on
Jan 23, 1998
Sold by
Palmer Carson Palmer A and Palmer Carson
Bought by
Palm Dev Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
7.19%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pt Land Development Llc $340,000 Bay Breeze Title Svcs Llc
Premier Properties Of Cape Coral Inc $240,000 Attorney
Kennedy Patricia A -- Attorney
Kennedy Builders Of Cape Coral Inc $180,000 --
Palm Dev Inc $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pt Land Development Llc $238,000
Closed Pt Land Development Llc $238,000
Previous Owner Palm Dev Inc $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $660,000 -5.6% --
05/24/2023 05/24/23 Pending -- -- --
04/13/2023 04/13/23 Price Changed $699,000 -12.6% --
03/31/2023 03/31/23 Price Changed $799,900 +6.7% --
12/01/2022 12/01/22 Price Changed $749,900 -25.0% --
09/15/2022 09/15/22 For Sale $999,900 +51.5% --
09/15/2022 09/15/22 Off Market $660,000 -- --
06/14/2022 06/14/22 For Sale $999,900 +100.0% --
02/15/2022 02/15/22 Sold $500,000 0.0% --
02/15/2022 02/15/22 Pending -- -- --
05/18/2021 05/18/21 For Sale $500,000 +47.1% --
04/15/2021 04/15/21 Sold $340,000 -2.8% --
03/16/2021 03/16/21 Pending -- -- --
03/18/2020 03/18/20 For Sale $349,900 -- --
Source: Naples Area Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,802 $566,004 $566,004 --
2023 $6,802 $376,328 $170,433 $0
2022 $5,060 $271,320 $271,320 $0
2021 $4,384 $210,000 $210,000 $0
2020 $4,458 $210,000 $210,000 $0
2019 $4,764 $231,000 $231,000 $0
2018 $4,669 $220,000 $220,000 $0
2017 $6,925 $337,200 $337,200 $0
2016 $6,966 $337,200 $337,200 $0
2015 $3,542 $207,200 $207,200 $0
2014 $1,254 $72,700 $72,700 $0
2013 -- $53,000 $53,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Bacardi

    Seller's Agent in 2023

    Steve Bacardi

    Coldwell Banker Realty

    (239) 272-2387

    4 in this area

    305 Total Sales

    Steve Bacardi
    Section Image

  • D

    Buyer's Agent in 2023

    David Meyers

    Premiere Plus Realty Company

    Section Image
  • Paulette DuCharme Hansen

    Seller's Agent in 2022

    Paulette DuCharme Hansen

    Miloff Aubuchon Realty Group

    (239) 738-5973

    5 in this area

    12 Total Sales

    Paulette DuCharme Hansen
    Section Image

  • n

    Buyer's Agent in 2022

    non-member MLS

  • O

    Buyer's Agent in 2022

    Out of area Non Member

    FGC Non-MLS Office

  • R

    Seller's Agent in 2021

    Robert Peterson

    Commercial Realty Specialists

    (239) 826-6412

    3 in this area

    24 Total Sales

    Robert Peterson
    Section Image
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Map

Source: Naples Area Board of REALTORS®

MLS Number: 222045313

Naples Area Board of REALTORS®

APN: 06-45-24-C4-00485.0010

Florida Lee County Cape Coral 33904 Caloosahatchee

1024 SE 38th St, Cape Coral, FL

This home is located at 1024 SE 38th St, Cape Coral, FL 33904 since 14 June 2022 and is currently estimated at $593,475. 1024 SE 38th St is a home located in Lee County with nearby schools including Cape Elementary School, Caloosa Elementary School, and Tropic Isles Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2025 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

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