Huge price drop - now under $150k! Build-ready 0.46-acre double lot in a prime South Cape Coral location on Santa Barbara Boulevard. Zoned RML, allowing single-family or multifamily development, with city water, sewer, and irrigation already installed. The parcel may be developed as a single site (for example, a six unit building) or split into two 0.23-acre lots, offering flexibility for a range of build strategies. Boundary survey available as is a recent environmental report indicating no protected species or environmental issues on site. Conveniently located near Cape Coral Parkway, shopping, dining, medical facilities, and major corridors, with strong surrounding residential development. AE flood zone. Buyer to verify zoning, density, and permitting requirements.