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718 NW 38 Place, Cape Coral, Florida 33993

Up and coming location which you can still buy at a great price!
A short Boat Ride and just 1 Bridge with 9' Clearance puts you out on the North Spreader Waterway on your way to the Matlacha Pass & Gulf of Mexico!
The beautiful house next door sold in 2022 for $1.2 Million!!
Catch blue crabs in the canal or watch the wildlife & shore birds play!
Luxury Neighborhood featuring upscale Homes!!
Imagine gorgeous sunsets down your premium gulf access canal. Views like this are hard to find! Don't miss your opportunity to own a piece of Florida paradise! 
This is a boater & fisherman's dream location at such a great price!!
There is no association!! :)
Photo 9
Miceli's restaurant and bar. Offers a fun venue with live music and great food! Get to it by car in less than 10 minutes or by boat!
Miceli's is Matlacha's Premier Waterfront Restaurant!
Photo 12
An easy walk or bike ride to Tropicana Park!
Nearby golf courses! This neighborhood has lots to offer.
In yellow is more or less the area where the Seven Islands project will be. The Cape Coral City Council approved the sale of the Seven Islands properties to Gulf Gateway Resort and Marina LLC in 2022.Seven Islands is planned as a resort marina village with mixed-use developments like a hotel, restaurants, and a community center on 48 acres along Old Burnt Store Road North.
One of the proposed plans for Seven Islands which will be within walking distance of the property
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Map Section Map
Active For Sale
$250,000
  • Beds 0
  • Baths 0
  • Sq Ft 0 Sqft
  • Visits: 1 in 185 days

Description

Magnificent gulf access lot, perfectly positioned on Watermelon Canal in the highly desirable part of NW Cape Coral. You’ll be captivated by the tranquil views and the peaceful atmosphere. Strategically located just east of Old Burnt Store Rd, this lot places you minutes away from the open Gulf waters. With brand new homes being built this area is highly sought after (house adjacent to this lot sold in 2021 for $1.2M!). The upcoming 7 Islands development elevates this opportunity, promising a host of new amenities including fine dining, shopping, and recreational activities. This addition will not only enhance your lifestyle but also add value to your investment. Build your dream home here (we can recommend builders). Property listing co-listed with Barclay’s Real Estate Group, Cape Coral

Address Map

  • Country: US
  • State: FL
  • County: Lee
  • City: Cape Coral
  • Subdivision: Cape Coral
  • Zipcode: 33993
  • Street: 38
  • Street Number: 718
  • Street Suffix: Place
  • Floor Number: 0
  • Longitude: W83° 56' 47.4''
  • Latitude: N26° 39' 58''
  • Directions: From Pine Island Road, North on Burnt Store, Left on Tropicana, Left on 38th Pl and lot is on your right. Legal Description: CAPE CORAL UNIT 59 BLK 4145 PB 19 PG 151 LOTS 29 + 30
  • Street Dir Prefix: NW
  • MLS Area: 5940 - Other Florida County

MLS Addon

  • Association Fee: $0
  • Close Price: $0
  • Insurance Expense: $0
  • Lot Features: Other, City Lot, Cleared
  • Lot Size Dimensions: 10019
  • New Taxes Expense: $0
  • Tax Annual Amount: $2,336
  • Utilities: Sewer Not Available, Trash Collection, None, Water Not Available

Location

Listing Updated: 2026-07-19 01:08:27

  • Property Type : Land
  • Property Sub Type : Unimproved Land
  • Listing Type : For Sale
  • Listing ID : A11947649
  • Price : $250,000
  • View : Canal
  • Bedrooms : 0
  • Bathrooms : 0
  • Half Bathrooms : 0
  • Square Footage : 0 Sqft
  • Year Built : 0
  • Lot Area : 0.23 Acre
  • Listing Status : Active
  • Days On Market : 184
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