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Bean Group
Offered at $39,000Active
beds
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baths
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sq ft
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Built
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224 NW 28th Terrace

Cape Coral, FL 33993

About this home

Building a dream home in Southwest Florida? This .366-acre oversized corner lot in Central Cape Coral is a rare find that perfectly balances space, privacy, and convenience.Property Overview Located at 224 NW 28th TER, this property offers a generous 15,943 sq. ft. canvas for a custom single-family residence. Its unique "inside corner" positioning provides extra design flexibility and a sense of seclusion within a growing, vibrant neighborhood.Location & Lifestyle: The lot is strategically placed to keep you connected to the best of the Gulf Coast:Everyday Essentials: Just minutes from local schools, parks, shopping centers, and diverse dining options.Coastal Escapes: Enjoy a short drive to the artistic charm of Matlacha, the Waterfront Resturants in Downtown Cape Coral and Fort Myers.Seamless Commutes: Quick access to major arteries like Burnt Store Road and Pine Island Road makes traveling through Lee County effortless.Key HighlightsFeatureDetailsSize.37 Acres (approx. 58x189x175x125)ZoningR1-D (Single Family Residential)ExposureSouthwest Rear Exposure (ideal for sunsets/pools) Utilities: Septic & Well requiredAnnual Taxes$990 (2024)Note: With no HOA fees and a central location, this lot is an excellent choice for both immediate custom construction or as a long-term investment in Cape Coral's expanding market. This lot does have an Owl restriction, however, I have found only one degraded and empty nest. The only requirement would be to have an enviormental firm check the lot and send their findings to Cape Coral. Approximate cost $300 to $400. This is a great opportunity to purchase this oversized property.

Listing last checked: Listing updated:

Listed by Smitty Smith · ERA Cape Realty · MLS #2026038797

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Details at a glance

Building1 property facts
Style
Residential
Land & utilities3 property facts
Lot size
0.366 acres
Water
None, Well
Sewer
None, Septic Tank
Financial3 property facts
Annual taxes
$990
Assessment year
2024
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $39,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$280 / monthAdjust
Principal & interest
$197
Property tax
$83
Insurance
Not entered
HOA
$0

Listing annual taxes: $990. 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. Ter

    $49,000 · Mar 14, 2026

  2. Sld

    $177,900 · Sold $175,000 · Jul 23, 2019

  3. Sld

    $97,900 · Sold $97,900 · Aug 6, 2009

  4. Sld

    $75,570 · Sold $76,100 · Jul 9, 2009

More property insights

Comparable properties 3 supplied

Sold Jul 28, 2026

$40,000

221 Kismet Parkway W

Sold Jul 1, 2026

$42,000

2800 NE 2nd Place

Sold Jul 29, 2026

$40,000

414 Kismet Parkway W

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About 224 NW 28th Terrace

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