property
Cape Coral Plans 62-Acre Rezoning for Mixed Development
City planners received an application to shift 62 acres in northwest Cape Coral from agricultural use to mixed residential and commercial zoning.
How we reported this
Cape Coral city planners accepted a rezoning application on July 7 for 62 acres bordered by Burnt Store Road and Kismet Parkway that would allow up to eight homes per acre plus ground-floor retail.
The filing arrives while Cape Coral adds roughly 1,800 new residents each year and single-family lot inventories sit at their lowest level since 2021. City staff have scheduled an initial review before the Planning and Zoning Commission on August 19.
Site location and surrounding landmarks
The parcel sits one mile north of the Cape Coral Yacht Club and two blocks west of the North Cape branch library on NE 24th Avenue. It also lies within the service area of the Cape Coral Fire Department Station 7, which already runs mutual-aid calls into adjacent Lee County zones.
Current zoning restricts the land to one dwelling per acre under an agricultural classification. The applicant, a Fort Myers-based development firm, proposes 420 attached and detached homes plus 85,000 square feet of retail and office space along the Burnt Store Road frontage.
Market data and infrastructure numbers
Median sale prices for existing homes within a half-mile radius reached $398,000 in the second quarter of 2026, according to the Cape Coral Association of Realtors. Traffic counts on Burnt Store Road average 22,400 vehicles daily, and the city’s 2025 capital plan already earmarks $4.2 million for widening the road between Kismet Parkway and Pondella Road.
City water and sewer lines end 800 feet short of the parcel’s southern boundary, requiring the developer to fund an extension estimated at $1.8 million if the rezoning passes.
Residents can review the full application packet online through the city’s planning portal or attend the August 19 commission meeting at City Hall. Written comments must reach the Community Development Department by August 12 to be included in the staff report.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.