407 NE 5th Terrace Discover the perfect location to build your dream home on this slightly oversized waterfront lot in beautiful Cape Coral. Situated on a freshwater canal, this property offers stunning water views due to its "V-view" down the canal. The lot features a brand-new seawall, saving you significant construction costs and giving you a head start on building. With extra space compared to standard lots, you'll have more flexibility for your home design, landscaping, and outdoor entertaining. Located in a growing area of Cape Coral, this property offers easy access to shopping, dining, schools, and all the amenities Southwest Florida has to offer. This area of Cape Coral is already connected to city water, so no need to install a costly well system! Whether you're planning to build now or invest for the future, this waterfront homesite is a fantastic opportunity. City water is already in place so no need to build a costly well! Don't miss your chance to own a piece of paradise with wide canal views, and a new seawall already in place.