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… Read More 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. Read Less
Listing courtesy of John R. Wood Properties.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Lot Size
0.23 Acres
MLS Number
2026016596
30 Days Snapshot Of 33993
$411k
-10%
(avg) sold price
129
+5%
homes sold
136
+9%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road surface type: "Paved"
Building
Building area units: Square Feet
Lot
0.23 acres, 10,019 square feet, "Regular"
Property
"Canal Front", Zoning: R1-W, "Canal"
Sewer
"None"
Taxes
Tax annual amount: $3,492, Tax year: 2025
Utilities
"Other"
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The data relating to real estate for sale displayed on this Website comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc., under License No. ONRI/600106. Properties listed with brokerage firms other than the office represented by this website are marked with the “BR House” logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the M.L.S. of Naples, Inc. BR Program, or contained in the database compilation of the M.L.S. of Naples, Inc.
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