408 SE 16th Terrace VERY RARE FIND IN HISTORY- OWN A LARGE 3 LOT SITE OF WATERFRONT LAND - ZONED RW-1 WITH REAR SOUTH EXPOSURE!!! In the City of Cape Coral, the R1 zoning district is for Single-Family Residential use, designated to protect and promote low-density, single-family home development. THE LAST SALE ON THIS PROPERTY WAS WITH GULF AMERICAN CORP in 1967 SELLING THE FLORIDA WATERFRONT DREAM! Located off Santa Barbara Blvd at 408 SE 16TH TER CAPE CORAL FL 33990, this Three Lot Single Family Home Building Site is on the Freshwater Dominica Canal, appx 120 feet wide canal, CAPE CORAL UNIT 26 BLK 891 PB 14 PG 147 LOTS 66 67 + 68 - City Water and Sewer on the street, the City of Cape Coral utility shows no loan assessments due on this property, a TREMENDOUS savings!! Enjoy boating, canoeing and kayaking. Great location, close to all shopping, Target, Lowes, Publix, retail and medical services and schools. Located South of Nicholas and North of Veteran's Pky, fast commute to Ft Myers. This property shows to be in FEMA Zone X, outside of special flood area, and where you will find many lenders do not require flood. Exceptionally DEEP lot, appx 146 ft deep and 120 ft WIDE, many standard lots in Cape Coral are only 2 lot sites 80'W x125'D, but this 3 LOT SITE is very suitable for a large home for a 3 or 4 car garage, appx 17, 399.97 SF. Don't miss the opportunity, best price out there for a 3 LOT SITE to build your BIG DREAM HOUSE! Inquire today for more details.