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Offered at $1,298,000Active
beds
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baths
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148 Cape Coral Parkway W

Cape Coral, FL 33914

About this home

**Exceptional Multifamily Development Opportunity!** Rare chance to acquire a prime development site in one of Cape Coral's fastest-growing corridors. This property is planned for a **14-unit multifamily project** consisting of **two 7-unit buildings**, with significant pre-development work already completed. The project includes substantial engineering, planning, and entitlement progress, offering a valuable opportunity for developers looking to accelerate the development process. Ideally located on Cape Coral Parkway West, the property is just minutes from Cape Harbour, Tarpon Point Marina, shopping, restaurants, entertainment, and provides convenient access to the Cape Coral Bridge and Fort Myers.This property is ideally positioned to meet the growing demand for quality multifamily housing in Southwest Florida. A comprehensive Offering Memorandum (OM), including project details, development status, engineering progress, and additional supporting information, is available in the Listing Attachments section of the MLS.Buyers and their representatives are encouraged to review all attached documents and verify all information with the City of Cape Coral regarding zoning, permitted uses, approvals, and development requirements.

Listing last checked: Listing updated:

Listed by Yelina Gonzalez · Realty 365 Inc · MLS #2026030826

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Details at a glance

Building1 property facts
Style
Residential
Land & utilities3 property facts
Lot size
0.92 acres
Water
Public
Sewer
AssessmentPaid
Financial3 property facts
Annual taxes
$2,964
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $1,298,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$6,810 / monthAdjust
Principal & interest
$6,563
Property tax
$247
Insurance
Not entered
HOA
$0

Listing annual taxes: $2,964. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.

Partial estimate: add insurance to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Sld

    $180,000 · Sold $165,000 · Feb 1, 2024

More property insights

Comparable properties 3 supplied

Sold May 7, 2026

$1,375,000

5827 SW 1st Avenue

Sold May 15, 2026

$1,250,000

581 Carlos Circle

Sold May 19, 2026

$1,250,000

6408 Pine Avenue

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About 148 Cape Coral Parkway W

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Request a tour of 148 Cape Coral Parkway W and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.