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    3117 Santa Barbara Blvd Cape Coral, FL 33914

    For Sale
    $1,350,000

    1.17-Acre Residential Lot, Gulf Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.17-acre lot in Cape Coral, Florida, presents a unique development opportunity. Located at 3117 Santa Barbara Blvd, Lee County, zip code 33914 (26.59316, -81.97383), this property is zoned for multifamily use and boasts approved plans for an 18-unit condominium or apartment building. Each unit in the proposed three-story building is designed with two bedrooms, two bathrooms, laundry facilities, and approximately 1,100 square feet of living space. The existing seawall provides direct Gulf access, a significant advantage for this prime location. The property's convenient access to dining, shopping, beaches, and recreational activities further enhances its appeal. While permits are ready and site work is underway, building drawings may require adjustments to meet current building codes. Included in the sale are existing plans, a survey, and completed underground work. This is an exceptional opportunity for developers seeking a turnkey project in one of Southwest Florida's most desirable markets. The asking price is $1,350,000.

    Property Features for 3117 Santa Barbara Blvd

    General Information

    Property type
    Land
    Lot Size
    50,965 SF

    HighLights

    • 1.17‑acre multifamily‑zoned lot in Cape Coral, FL (33914) with approved plans for an 18‑unit condominium/apartment building.
    • Approved plans include 18 two‑bedroom, two‑bathroom units, each approximately 1,100 square feet.
    • Direct Gulf access via existing seawall.
    • Convenient location near dining, shopping, beaches, and recreation.
    • Turnkey project with existing plans, survey, completed underground work, and ready permits; site work underway.
    • Asking price: $1,350,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Hotel & Motel Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.97383
    Latitude
    26.59316

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    FAQs

    What type of property is this?
    Land - 1.17-Acre Residential Lot, Gulf Access
    Where is this land located?
    The property is located at 3117 Santa Barbara Blvd Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 1.17-acre multifamily-zoned lot in Cape Coral, FL (33914) with approved plans for an 18-unit condominium/apartment building.; Approved plans include 18 two-bedroom, two-bathroom units, each approximately 1,100 square feet.; Direct Gulf access via existing seawall.
    Request Owner's contact information
    3117 Santa Barbara Blvd Cape Coral, FL 33914
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3117 Santa Barbara Blvd Cape Coral, FL 33914
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