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Bean Group
Offered at $470,000Active
beds
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baths
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sq ft
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Built
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505 SW 31st Place

Cape Coral, FL 33991

About this home

DON’T MISS THIS AMAZING OPPORTUNITY! Imagine building the home of your dreams on this exceptional 4-LOT HOMESITE, perfectly positioned at the end of a freshwater canal in Southwest Cape Coral. Located in one of Cape Coral's up-and-coming areas, this property is surrounded by beautiful new homes. The property is MOSTLY CLEARED AND READY TO BUILD WITH SEAWALL ALREADY IN PLACE, saving you time and money in site preparation. Picture waking up each morning to sweeping, unobstructed water views; a peaceful canal gently shimmering in the sunlight, framed by swaying palms and lush tropical landscaping. This tranquil scene invites quiet coffee hours on a private dock, with kayaks gliding past, and stunning sunsets that paint the sky in vivid hues reflected on the water. This oversized homesite offers room for a luxurious waterfront home, expansive outdoor living spaces, a beautiful pool, a private guesthouse, and custom dockage. Its generous dimensions provide both privacy and the perfect setting for waterfront living. Experience the best of Cape Coral with serene canal-front views, abundant outdoor space, and the opportunity to create a personalized waterfront retreat. The City of Cape Coral documentation indicates that no owl nests are present on the property (buyer to verify and do their own due diligence). Corner lots offer design flexibility, multiple driveway and garage options, and enhanced curb appeal with frontage on three streets. The EASTERN EXPOSURE brings abundant morning sunlight into your backyard oasis, creating bright, inviting outdoor living spaces. Ideal for a custom pool design, it offers consistent sunshine throughout the day. The surrounding area is well maintained and attractive, enhancing curb appeal and supporting long-term property values in a desirable neighborhood of quality homes. This amazing lot site already has CITY WATER AND SEWER IN PLACE. No need for well and septic. Your custom builder can connect the city utilities right away. Ideally located within walking or biking distance to shopping, dining, schools, and parks, with convenient access to major roadways connecting you to Fort Myers and/or Punta Gorda and beyond. Enjoy abundant recreational opportunities nearby, including the Burnt Store boat ramp, golf courses, and community centers, as well as an easy drive to Sanibel, Captiva, and Fort Myers Beach. Whether building now or investing for the future, this property offers the flexibility and features today’s buyers are seeking—bring your builder and your vision. For the convenience of all parties, we request that all offers be submitted in writing on the most recent Florida Realtors Vacant Land Contract and accompanied by proof of funds. NO verbal offers are accepted. Residential lots of this grand size don’t happen often. Make your future happen now!

Listing last checked: Listing updated:

Listed by Sharon Torregrossa · Encore Realty Services Inc · MLS #2026026421

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Details at a glance

Interior1 property facts
Cooling
SeeRemarks
Building1 property facts
Style
Residential
Land & utilities4 property facts
Lot size
1.37 acres
Water
Public, None
Sewer
Public Sewer, None
Waterfront
Y
Financial3 property facts
Annual taxes
$7,011
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $470,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,961 / monthAdjust
Principal & interest
$2,377
Property tax
$584
Insurance
Not entered
HOA
$0

Listing annual taxes: $7,011. 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. New

    $126,900 · Jun 9, 2026

  2. Sld

    $469,800 · Sold $455,000 · Nov 6, 2023

  3. Sld

    $94,900 · Sold $94,900 · Dec 3, 2021

  4. Sld

    $60,000 · Sold $50,000 · Sep 19, 2017

  5. Sld

    $45,000 · Sold $40,000 · May 3, 2012

  6. Sld

    $134,900 · Sold $125,000 · Dec 27, 2003

  7. Sld

    $60,000 · Sold $50,000 · Dec 26, 2003

More property insights

Comparable properties 3 supplied

Sold Aug 7, 2026

$470,000

127 SW 52nd Terrace

Sold Jun 3, 2026

$475,000

1939 SE 37th Terrace

Sold Jun 1, 2026

$475,000

231 Albatross Street

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About 505 SW 31st Place

Can I request a private showing?

Request a tour of 505 SW 31st Place 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.