570 NE 4th Terrace, Cape Coral, FL 33909
Local realty services provided by:ERA Real Solutions Realty
570 NE 4th Terrace,Cape Coral, FL 33909
$1,200,000
- 0 Acres
- Lots / Land
- Active
Listed by:kyle doyon
Office:coast life properties llc.
MLS#:2025013387
Source:FL_GFMB
Price summary
- Price:$1,200,000
About this home
Entitled land with approved plans for a mixed-use development featuring workforce housing and commercial contractor suites. This property is zoned RD (confirm zoning for uses) and presents a prime opportunity for developers and investors.
The project comprises 27 workforce housing units, designed to meet the growing demand for affordable housing and offering well-planned and comfortable living spaces. 8 versatile contractor suites are available on the lower level. Private stairways lead to upper-level living spaces, perfect for those seeking a live-work lifestyle. The connecting door can be securely locked, allowing separate tenants to occupy the living space and contractor suite independently if needed.
Located in the Opportunity Zone, this property offers excellent tax benefits, as well as access to public transportation, major highways, and local amenities, making it an attractive location for both residents and commercial tenants. The nearby schools, parks, restaurants, and healthcare facilities further enhance the appeal, ensuring a high quality of life for future residents.
With high demand for workforce housing, this development offers a strong rental market, complemented by the potential for long-term commercial leases. The property’s design supports community impact, fostering a vibrant and integrated environment. As the area grows and develops, there is significant appreciation potential, making this a compelling investment opportunity. The property is deed-restricted under the Live Local Bill, requiring 40% of units to be rented to tenants earning less than 120% of the area median income (AMI). As of April 2024, Cape Coral's AMI is $88,800.
Buyer's may select either of two paths: Acquire the lot and build under their own contractor and financing or partner with Coast Life Developers through a build-for-buyer agreement, with the option for long-term property management upon delivery.
Seller financing is available.
Contact an agent
Home facts
- Listing ID #:2025013387
- Added:19 day(s) ago
- Updated:November 01, 2025 at 03:05 PM
Finances and disclosures
- Price:$1,200,000
- Tax amount:$4,831 (2024)
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