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Offered at $69,500Active
beds
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baths
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sq ft
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Built
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420 Diplomat Parkway E

Cape Coral, FL 33909

About this home

This presents a prime opportunity to develop on a lot zoned RD-D this allows single family or duplex to be built on this parcel in Cape Coral, situated within the highly sought after Flood Zone X, where flood insurance is not required. With city water, sewer, and irrigation already in place, and all ASSEMENTS HAVE BEEN PAID IN FULL. This property is ready for development, making it a perfect choice for investors or those looking to generate rental income. Situated in a rapidly growing area, this lot offers convenient access to Pine Island Road, where you’ll find endless shopping, dining, and entertainment options. Just 11 miles to I-75, commuting is a breeze, while nearby attractions like Sun Splash Water Park, local golf courses, parks, and nature preserves provide plenty of recreation for residents. Cape Coral continues to be one of Southwest Florida’s most sought after markets, offering boating access, year round outdoor activities, and a vibrant community atmosphere. Whether you’re planning to build a single family home a duplex or expand your investment portfolio, this property presents incredible potential. Don’t miss this opportunity to secure a prime piece of Cape Coral real estate—priced to sell and ready for your vision!

Listing last checked: Listing updated:

Listed by Kevin Heikes · Coldwell Banker Realty · MLS #2026034421

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Details at a glance

Building1 property facts
Style
Residential
Land & utilities3 property facts
Lot size
0.2492 acres
Water
AssessmentPaid
Sewer
AssessmentPaid
Financial3 property facts
Annual taxes
$897
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $69,500 asking price. Adjust the assumptions to your situation.

Known monthly costs$426 / monthAdjust
Principal & interest
$351
Property tax
$75
Insurance
Not entered
HOA
$0

Listing annual taxes: $897. 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.

More property insights

Comparable properties 3 supplied

Sold Aug 31, 2026

$65,000

821 NE 15th Lane

Sold Sep 4, 2026

$65,000

1816 NE 8th Place

Sold Aug 31, 2026

$65,000

1910 NE 8th Place

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About 420 Diplomat Parkway E

Can I request a private showing?

Request a tour of 420 Diplomat Parkway E 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.