3731 SE 15th Place Cape Coral, FL 33904
Caloosahatchee NeighborhoodEstimated payment $12,083/month
Highlights
- City View
- 1.03 Acre Lot
- Oversized Lot
- Cape Elementary School Rated A-
About This Lot
Entitled land with approved building and MEP plans for a mixed-use development featuring workforce housing and commercial space. This property is zoned C1 (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project includes 70 workforce housing units designed to meet the increasing demand for affordable housing, offering well-planned and comfortable living spaces. In addition, 8,300 square feet of versatile commercial space is available for retail, office, or mixed-use purposes, providing ample flexibility for various businesses.
Located in the thriving South Cape Coral area, this property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for residents and commercial tenants. The nearby schools, parks, restaurants, and healthcare facilities further enhance the appeal, ensuring a high quality of life for future residents.
With strong demand for workforce housing, this development offers a stable rental market, complemented by the potential for long-term commercial leases. The property’s design supports community impact, fostering a vibrant and integrated environment. As the area grows and develops, there is significant appreciation potential, making this a compelling investment opportunity. The property is deed-restricted under the Live Local Bill, requiring 40% of units to be rented to tenants earning less than 120% of the area median income (AMI). As of April 2024, Cape Coral's AMI is $88,800. Seller financing is available.
Property Details
Property Type
- Land
Lot Details
- 1.03 Acre Lot
- Lot Dimensions are 120 x 120 x 121 x 121
- Southeast Facing Home
- Oversized Lot
- Property is zoned C1
Property Views
- City Views
Home Design
- Mixed Use
Utilities
- Sewer Assessments
- Cable TV Available
Community Details
- Cape Coral Subdivision
Listing and Financial Details
- Legal Lot and Block 11 / 526
- Assessor Parcel Number 06-45-24-C3-00526.0760
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,421 | -- | -- | -- |
| 2023 | $1,553 | $60,000 | $57,000 | $0 |
| 2022 | $1,085 | $30,066 | $0 | $0 |
| 2021 | $1,081 | $45,000 | $45,000 | $0 |
| 2020 | $1,020 | $45,000 | $45,000 | $0 |
| 2019 | $953 | $45,000 | $45,000 | $0 |
| 2018 | $868 | $33,750 | $33,750 | $0 |
| 2017 | $746 | $22,500 | $22,500 | $0 |
| 2016 | $699 | $22,500 | $22,500 | $0 |
| 2015 | $658 | $22,500 | $22,500 | $0 |
| 2014 | $598 | $22,500 | $22,500 | $0 |
| 2013 | -- | $12,750 | $12,750 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/07/2024 10/07/24 | Pending | -- | -- | -- |
| 10/03/2024 10/03/24 | Price Changed | $2,150,000 | -2.3% | -- |
| 08/26/2024 08/26/24 | For Sale | $2,200,000 | 0.0% | -- |
| 07/02/2024 07/02/24 | For Sale | $2,200,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $369,000 | Agent Title Services | |
| Warranty Deed | $100,000 | -- | |
| Warranty Deed | $100,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $239,850 | New Conventional |
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 224056206
APN: 06-45-24-C3-00526.0760
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