This lot is located in an X Flood Zone area and surrounded by newer homes, with convenient access to Mariner High School, Mariner Middle School, and the local public library. It is approximately 2 miles from Pine Island Road, also known as SR 78. Pine Island Road is currently experiencing a massive wave of development and is rapidly transforming into one of Cape Coral's major commercial corridors. Major ongoing and planned projects along the corridor are: Cape Coral Grove “Town Center” development located between Chiquita Boulevard and Burnt Store Road. Plans include upscale apartments, a luxury hotel, and more than 350,000 square feet of retail, dining, and entertainment space. Walmart Supercenter - A new 175,000-square-foot Walmart Supercenter currently in permitting and site preparation stages. The store is expected to include a fuel station and full auto care center. Big Chiquita / West Place Marketplace - Located near Chiquita Boulevard, this development is slated to feature a new Chick-fil-A, convenience store, and 7 Brew Coffee drive-thru, further expanding retail and dining options in the area. This continued growth and commercial expansion make this location increasingly desirable for future homeowners, investors, and new development opportunities. The water expansion project has been completed, with a small balance remaining for the buyer to assume. Don't miss this opportunity to build your future home in beautiful Cape Coral!