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Bean Group
Offered at $149,000Active
beds
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baths
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sq ft
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Built
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1616 NE 2nd Terrace

Cape Coral, FL 33909

About this home

Triple-Lot Waterfront Opportunity in Established Cape Coral Location. Rare opportunity to own a triple lot in an established section of Cape Coral, offering plenty of space and outstanding waterfront potential. City water and sewer are already in place and paid, providing significant value and convenience for future development. Enjoy an impressive 120 feet of frontage on a freshwater canal, perfect for creating your own waterfront retreat. Because this is a freshwater property, a seawall is not required. Instead, you can utilize a littoral, or natural shoreline, zone—potentially saving you thousands of dollars compared with properties requiring seawalls. With three lots, 120 feet of freshwater frontage, and paid water and sewer, this property offers an exceptional combination of size, location, and value in Cape Coral. Don’t miss this opportunity to build your Florida waterfront dream while taking advantage of the substantial savings that come with a freshwater canal property. Short term Seller financing available.

Listing last checked: Listing updated:

Listed by Joella Consolazio · Properties in Paradise Real Estate, LLC · MLS #2026034982

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Details at a glance

Building1 property facts
Style
Residential
Land & utilities4 property facts
Lot size
0.344 acres
Water
AssessmentPaid
Sewer
AssessmentPaid
Waterfront
Y
Financial3 property facts
Annual taxes
$2,073
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $149,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$926 / monthAdjust
Principal & interest
$753
Property tax
$173
Insurance
Not entered
HOA
$0

Listing annual taxes: $2,073. 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

    $550,000 · Sold $550,000 · Jan 22, 2024

  2. Sld

    $18,000 · Sold $18,000 · Apr 10, 2020

  3. Sld

    $42,000 · Sold $42,000 · Mar 7, 2018

More property insights

Comparable properties 3 supplied

Sold May 29, 2026

$144,000

1802 NE 2nd Terrace

Sold May 20, 2026

$160,000

1001 SE 12th Lane

Sold Aug 4, 2026

$135,000

4425 N Gulf Circle

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About 1616 NE 2nd Terrace

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