$264,900
2 Bed 2 Bath Waterfront Condominium for Sale in VILLA LISA CONDO, FL
1915 SE 40th Terrace 103, Cape Coral, FL, 33904
About this home
Location is everything, and this beautifully updated first-floor end-unit condo is ideally positioned in the highly sought-after Beach Parkway area of Cape Coral. Nestled on intersecting 200-foot-wide sailboat access canals, the property is just minutes from the Caloosahatchee River, making it perfect for boaters and water enthusiasts who want to enjoy the best of Southwest Florida living. The spacious great room floor plan is filled with natural light and features a wall of sliding glass doors that open to expansive waterfront views. An enclosed lanai offers year-round enjoyment and a front-row seat to watch dolphins, manatees, and fish from the comfort of your own home. Additional features include an assigned covered carport and an exterior storage closet for added convenience. The community also offers a heated pool and boat docks, enhancing the waterfront lifestyle. Just around the corner, the newly renovated Jaycee Park—scheduled to reopen in Fall 2025—will feature a boardwalk, boat slips, splash pad, food truck court, shaded picnic areas, volleyball courts, lawn games, and a bandshell for live entertainment. Walking and biking paths will connect you to this vibrant waterfront destination. This Certified Pre-Owned condo includes a home warranty for added peace of mind. Most importantly, the seller is extremely motivated and will entertain owner financing with acceptable terms. This is a rare opportunity to own a piece of paradise with flexible options—schedule your showing today.
Property details
- Type
- Condominium
- Year built
- 1975
- Interior
- 1,186 sqft
- Lot size
- 2,896.74 sqft
- Acreage
- 0.07 acres
- Garage
- None
- Days on market
- 178
- Total association fees
- $9,480/yr (~$790/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,709/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors, Shutters
- Exposure
- Northeast
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Call, Conditional
- County
- Lee
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges — mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees — which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
Based on the $/sqft of 6 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Your notes on this home
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Recently sold nearby
Closed comparable sales within ~1 mile in the last 12 months — similar price, size, beds/baths, and age.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 4013 SE 20th Place 402 | May 2026 | $245,000 | 2/2 | 1,295 | $189 |
| 4115 SE 18th Place 201 | Nov 2025 | $280,000 | 2/2 | 1,362 | $206 |
| 4210 SE 20th Place C2 | Dec 2025 | $260,000 | 2/2 | 1,272 | $204 |
| 4229 SE 19th Place 1C | Apr 2026 | $280,000 | 2/2 | 1,360 | $206 |
| 4231 SE 19th Place 1J | Apr 2026 | $275,000 | 2/2 | 1,360 | $202 |
| 3905 Del Prado Boulevard 101 | Jan 2026 | $235,000 | 3/2 | 1,302 | $180 |
| Average | 6 comps | $262,500 | $198 |
Market trends — Cape Coral
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $44,900 (15%) from the original list price.
| Aug 1, 2025 | Sold | $255,000 |
| Jun 3, 2025 | Price reducedfrom $274,900 | $264,900 |
| Jan 10, 2025 | Listed | $299,900 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors, Shutters
- Built 1975 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
- Higher association fees (~$9,480/yr)
Straight-line distances to major SWFL amenities — approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.