430 SW 47th Terrace Cape Coral, FL 33914
Pelican NeighborhoodEstimated payment $8,347/month
Highlights
- City View
- 0.69 Acre Lot
- Oversized Lot
- Cape Elementary School Rated A-
About This Lot
Prime development opportunity in South Cape Coral! This entitled land parcel is offered with approved building and MEP plans for a mixed-use project. The site is zoned CP (confirm with zoning for intended use) and is designed for 39 workforce housing apartments and 8,300 square feet of commercial space, offering an ideal live-work scenario. The residential units feature modern, efficient layouts tailored to the local workforce, while the commercial space offers flexibility for a wide range of business uses. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. This strategic location supports a high quality of life for residents and strong visibility for businesses. High rental demand and flexible use make this a standout investment opportunity, offering stable income potential through long-term residential and commercial leases. The property is deed-restricted under Florida’s Live Local Bill, requiring 40% of units to be leased to individuals earning no more than 120% of the Area Median Income (AMI), which is $88,800 as of April 2024.
Seller financing is available.
Whether you're a developer or investor seeking to contribute to Cape Coral’s workforce housing solutions while capturing long-term value, this property is ready for action.
Property Details
Property Type
- Land
Lot Details
- 0.69 Acre Lot
- Lot Dimensions are 240 x 125 x 240 x 126
- Southwest Facing Home
- Oversized Lot
- Property is zoned CP
Home Design
- Mixed Use
Additional Features
- City Views
- Sewer Assessments
Community Details
- Cape Coral Subdivision
Listing and Financial Details
- Legal Lot and Block 39 / 1700
- Assessor Parcel Number 11-45-23-C4-01700.0390
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 | $4,895 | $240,000 | $240,000 | -- |
| 2023 | $2,533 | $64,308 | $0 | $0 |
| 2022 | $2,147 | $58,462 | $0 | $0 |
| 2021 | $2,164 | $120,000 | $120,000 | $0 |
| 2020 | $2,058 | $120,000 | $120,000 | $0 |
| 2019 | $1,933 | $120,000 | $120,000 | $0 |
| 2018 | $1,542 | $60,000 | $60,000 | $0 |
| 2017 | $1,456 | $60,000 | $60,000 | $0 |
| 2016 | $1,369 | $60,000 | $60,000 | $0 |
| 2015 | $1,084 | $30,000 | $30,000 | $0 |
| 2014 | $1,109 | $30,000 | $30,000 | $0 |
| 2013 | -- | $30,000 | $30,000 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | For Sale | $1,450,000 | 0.0% | -- |
| 02/13/2025 02/13/25 | Off Market | $1,450,000 | -- | -- |
| 10/07/2024 10/07/24 | Pending | -- | -- | -- |
| 10/03/2024 10/03/24 | Price Changed | $1,450,000 | -3.3% | -- |
| 08/26/2024 08/26/24 | For Sale | $1,500,000 | 0.0% | -- |
| 07/02/2024 07/02/24 | For Sale | $1,500,000 | +435.7% | -- |
| 10/27/2023 10/27/23 | Sold | $280,000 | -2.4% | -- |
| 09/15/2023 09/15/23 | Pending | -- | -- | -- |
| 10/23/2019 10/23/19 | For Sale | $286,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $280,000 | None Listed On Document | |
| Trustee Deed | $99,100 | None Available | |
| Warranty Deed | $360,000 | Platinum Land Title Agency I | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $80,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Previous Owner | $270,000 | Unknown | |
| Previous Owner | $62,000 | No Value Available |
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 224056208
APN: 11-45-23-C4-01700.0390
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