NOT LISTED FOR SALE

2201 NE Pine Island Rd Cape Coral, FL 33909

Diplomat Neighborhood

Estimated Value: $15,576,694

15.56 Acres
$1,001,073 Price per Acre
677,794 Sq Ft Lot

Last Sold September 01, 2017

Last sale price $4,625,000

Est. 237% increase in value since last sale

Current estimated payment $98,329/month

Highlights

  • City View
  • North Fort Myers High School Rated A
  • 15.56 Acre Lot

About This Lot

As of September 2017

Large 15.56 commercial land property with great frontage on Pine Island Road in Cape Coral. Property is cleared, ready for development. Property has Pine Island Road Corridor Land Use and Zoning which permits the range of commercial uses: retail, office, ALF, Hotel, restaurants, fast food, car dealerships and light industrial by special exception. One of the few large parcels available along the City's busiest commercial corridor. City population is 180,000 permanent and will be between 350,000 and 400,000. Property is just east of BJ's and across from the new Walmart Neighborhood Market. May be purchased with adjacent property, listed separately at $7,125,000 to create a 30 plus acre development parcel.

Last Agent to Sell the Property

Annette Barbaccia

Miloff Aubuchon Realty Group License #258012566 Listed on: 03/09/2017

Miloff Aubuchon Realty Group

Last Buyer's Agent

Annette Barbaccia

Miloff Aubuchon Realty Group License #258012566 Listed on: 03/09/2017

Miloff Aubuchon Realty Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,342

Lot Details

  • 15.56 Acre Lot
  • Lot Dimensions are 650 x 598 x 633 x 525
  • South Facing Home
  • Property is zoned C-3

Additional Features

  • City Views
  • Cable TV Available

Community Details

  • Cape Coral Subdivision

Listing and Financial Details

  • Legal Lot and Block 47 / 3551
  • Assessor Parcel Number 05-44-24-C2-03551.0000

Property Details

Property Type

Land

Est. Annual Taxes

$24,342

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Prop. Type: Land
  • Lot Size Acres: 15.56
  • Lot Size: 650 x 598 x 633 x 525
  • Subdivision Name: CAPE CORAL
  • Directions: Head west from US 41 along Pine Island Road. Property is between NE 23rd and Hibiscus. From Del Prado, head east on Pine Island Road, property is on the left, north side, just east of BJs.
  • Property Sub Type Additional: Commercial,Unimproved Land
  • Special Features: None

Exterior Features

  • Lot Features: See Remarks
  • View: City
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Direction Faces: South

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Other, Sewer Available, See Remarks, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: See Remarks

Fee Information

  • Association Fee Includes: None

Lot Info

  • Current Use: Commercial
  • Parcel #: 05-44-24-C2-03551.0000
  • Zoning Description: C-3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 24342.0
  • Tax Block: 3551
  • Tax Lot: 47
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2024
Sold by
Cape Coral Auto Land Llc
Bought by
Nocc Llc
Current Estimated Value
$15,576,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,450,000
Outstanding Balance
$14,180,440
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$1,396,254

Purchase Details

Closed on
Mar 19, 2019
Sold by
Cape Coral Auto Land Llc
Bought by
Statte Of Florida Department Of Trans

Purchase Details

Listed on
Mar 9, 2017
Closed on
Sep 1, 2017
Sold by
Pine I R Llc
Bought by
Cape Carol Auto Land Llc
Seller's Agent
Annette Barbaccia
Miloff Aubuchon Realty Group
Buyer's Agent
Annette Barbaccia
Miloff Aubuchon Realty Group
List Price
$4,950,000
Sold Price
$4,625,000
Premium/Discount to List
-$325,000
-6.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.05%

Purchase Details

Closed on
Feb 21, 2007
Sold by
Pine I R Llc
Bought by
Nap Eastpoint Llc
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
Nocc Llc $17,000,000 None Listed On Document
Statte Of Florida Department Of Trans -- Attorney
Cape Carol Auto Land Llc $4,625,000 Omnione Title Services Llc
Nap Eastpoint Llc $690,400 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nocc Llc $14,450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2017 09/01/17 Sold $4,625,000 -6.6% --
08/02/2017 08/02/17 Pending -- -- --
03/09/2017 03/09/17 For Sale $4,950,000 -- --
Source: Florida Gulf Coast Multiple Listing Service

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
2025 $201,566 $13,321,217 $5,724,223 $6,488,874
2024 $184,982 $11,188,790 -- --
2023 $184,982 $10,171,627 $0 $0
2022 $172,746 $9,246,934 $0 $0
2021 $163,664 $8,406,304 $4,191,601 $4,214,703
2020 $161,753 $7,997,911 $3,517,771 $4,480,140
2019 $87,208 $4,067,566 $4,067,566 $0
2018 $72,192 $3,729,303 $3,729,303 $0
2017 $31,649 $2,033,952 $2,033,952 $0
2016 $24,342 $1,186,472 $1,186,472 $0
2015 $22,317 $1,016,976 $1,016,976 $0
2014 $23,007 $1,016,976 $1,016,976 $0
2013 -- $1,016,976 $1,016,976 $0
Source: Public Records

Agents Affiliated with this Home

  • Annette Barbaccia

    Seller's Agent in 2017

    Annette Barbaccia

    Miloff Aubuchon Realty Group

    (239) 850-8301

    4 in this area

    50 Total Sales

    Annette Barbaccia
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 217018602

Florida Gulf Coast Multiple Listing Service

APN: 05-44-24-C2-03551.0000

Florida Lee County Cape Coral 33909 Diplomat

2201 NE Pine Island Rd, Cape Coral, FL

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