$249,000

Prime residential lot opportunity in Cape Coral, Lee County. Situated in a desirable residential area, this property offers convenient access to Burnt Store Road North (0.33 miles), 7-Eleven (1.70 miles) and Future Park site (1.09 miles). The lot is located in Flood Zone AE, a high-risk Special Flood Hazard Area (SFHA) with a 1/100 annual chance of flooding and established Base Flood Elevations (BFEs). Construction requires elevating the structure above the BFE (typically 1–2+ feet freeboard per local codes), using flood-resistant materials, and obtaining a floodplain development permit. This significantly raises building costs (foundations, utilities, insurance) and may limit usable lot area or require engineered fill. No wetlands identified near the site, so no additional federal/state permitting (e.g., USACE Section 404), mitigation, or buffers are required for development. Zoning: R1 Single-Family Residential in Cape Coral (Lee County), FL. Allowed by-right: single-family detached site-built and modular homes. Possible accessory structures/guest houses with approval. Prohibited: duplexes, townhomes, multifamily apartments, mobile/manufactured home communities. Density typically limited to 1 unit for each lot. Buyer should verify all zoning, setbacks, utility availability, and development requirements with Cape Coral Planning & Zoning. The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.