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$495,000
2026033868 MLS
503 SW 3rd Ct. is a premier 0.57± acre waterfront residential development opportunity located in the heart of Cape Coral. Overlooking scenic Lake Kennedy, the property features approximately 200 feet of water frontage and is one of the largest waterfront multifamily development sites currently available in the area. The site is fully cleared, improved with a new 200-foot seawall, and benefits from water and sewer assessments being paid in full, providing a streamlined path to development. The property’s Residential Multi-Family Low (RML) zoning provides development flexibility, permitting a variety of residential product types including single-family homes, duplexes, and multifamily development with allowable densities of up to 16 units per acre. Whether developed immediately or held as a long-term investment, 503 SW 3rd Ct. offers an exceptional opportunity to capitalize on Cape Coral’s continued residential growth and strong demand for waterfront housing. PROPERTY HIGHLIGHTS: • 0.57± acre waterfront residential development site • RML zoning permits multifamily, duplex, and single-family residential uses • Residential densities of up to 16 units per acre • 200 ft. of frontage along Lake Kennedy with a new 200 ft. seawall installed • Water & sewer assessments paid in full • Ability to permit a dock • Fully cleared and development-ready • Convenient access to shopping, dining, schools, healthcare, and major roadways

503 SW 3rd CT, Cape Coral

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than this company are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available through the BR Program. The information provided is for consumers’ personal, non-commercial use and may not be used for any other purpose.

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