$260,000

About This Property

Located in one of Cape Coral’s most rapidly expanding areas, this Gulf-access lot at 308 NW 38th Pl presents a prime opportunity for long-term appreciation and future development. With direct access to Matlacha Pass and only one bridge to open water, this property is highly desirable for future buyers, vacation home builders, or rental investors seeking waterfront inventory. Positioned just minutes from the planned Seven Islands Project, a major upcoming mixed-use development expected to bring waterfront dining, retail, marina access, and entertainment, this location is poised for significant value growth. Nearby Tropicana Park and Joe Stonis Park further enhance neighborhood appeal, supporting increasing buyer demand. The property also benefits from proximity to the expanding Pine Island Road corridor, where ongoing commercial growth continues to attract new businesses, restaurants, and national retailers—strengthening the area’s investment fundamentals. Boating access to Matlacha, Sanibel, Captiva, Boca Grande, Cayo Costa, Fort Myers Beach, Punta Gorda, and Fort Myers adds strong vacation rental and resale appeal. Additionally, close proximity to Coral Oaks and Royal Tee Golf Courses broadens the potential buyer and renter pool. With limited Gulf-access inventory and continued population growth in Northwest Cape Coral, this lot is well-positioned for speculative hold, new construction resale, or long-term portfolio investment. Secure your position in a transforming waterfront market before major development is fully realized.

infoProperty Details

Property Type

Residential Lot

Lot Size

0.23 acres

Days on Market

11

Cumulative DOM

29

List Date

Apr 8, 2026

Sold Date

May 8, 2026

Annual Taxes

$3K (2025)

HOA Fee

$0

yardExterior & Lot

Mortgage calculator

Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.

Listed By

John R. Wood Properties

239-990-2590