Coral Lakes
High Density Residential Land - Cape Coral, FL
Marketing description
Coral Lakes is entitled for up to 350 residential dwelling units on 34± acres of development land directly fronting Del Prado Boulevard North. Strategically located adjacent to the completed Coral Lakes single-family community, the site presents a compelling opportunity to deliver new multi-family housing along a major arterial roadway.
The property benefits from close proximity to retail, dining, and essential services, including a Publix-anchored shopping center and nearby medical facilities. It’s also within walking distance to the new Lake Meade Park and minutes away from a variety of entertainment options along Pine Island Road.
Strong regional population growth and sustained demand for rental housing continue to drive multifamily absorption in Cape Coral. With convenient access to I-75, US-41, and nearby employment and lifestyle centers, Coral Lakes stands positioned to become a premier development in one of the fastest-growing communities in the United States.
Investment highlights
• Fully entitled for 350 multi-family units. A minimum of 6 units/acre, maximum 10 units/acre.
• Direct access from Del Prado Boulevard N. and close proximity to US-41 and Pine Island Road, two main thoroughfares in Lee County.
• Located 0.4± miles from a Publix-anchored shopping center, 1.9± miles to Lake Meade Park and within 3± miles of Diplomat Elementary, Diplomat Middle, and Island Coast High School.
• The site is fully cleared and located in a minimal-risk flood zone (Zone X), requiring no flood insurance for development.
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