$149,000
2 Bed Waterfront Home for Sale in Cape Coral
1005 SE 40th Street 4, Cape Coral, FL, 33904
About this home
Experience effortless waterfront living in this beautifully appointed first-floor Gulf access TURNKEY condo, perfectly situated in one of the most desirable areas of Southwest Florida. This two-bedroom, two-bath residence offers nearly 1,200 square feet of open, sun-filled living space and combines comfort, convenience, and a touch of coastal charm. Step inside to find a bright and inviting layout that seamlessly blends functionality with style. The spacious kitchen features newer stainless-steel appliances, a convenient breakfast bar and pass-through window to the dining and living areas, ideal for entertaining family and friends. The serene primary suite is a true retreat, offering private lanai access and tranquil views of the sparkling canal and community pool. Relax on your screened lanai as boats drift by or enjoy access to the captain’s walk and shared boat dock (first-come, first-served), perfect for those seeking a true boating lifestyle. This turnkey residence also features electric roll-down hurricane screens, laundry facilities, ample storage—including an exterior shed—and an assigned parking space for added ease. The community has recently resurfaced its resort-style pool, providing the perfect spot to unwind beneath the Florida sun. With peace of mind in every detail, this home invites you to move right in and start enjoying the coastal lifestyle you’ve always dreamed of.
Property details
- Type
- Condominium
- Year built
- 1982
- Interior
- 1,141 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 145
- Total association fees
- $7,980/yr (~$665/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,086/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Shutters
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- 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 11 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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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 |
|---|---|---|---|---|---|
| 1005 SE 40th Street 5 | Dec 2025 | $169,900 | 2/2 | 1,111 | $153 |
| 4002 Coronado Parkway 101 | Sep 2025 | $145,725 | 2/2 | 1,270 | $115 |
| 1016 SE 46th Street 203 | Mar 2026 | $165,000 | 2/2 | 1,187 | $139 |
| 1016 SE 46th Street 101 | Jan 2026 | $130,000 | 2/2 | 1,187 | $110 |
| 834 SE 46th Street 1C | Jun 2026 | $161,000 | 2/2 | 1,158 | $139 |
| 834 SE 46th Street A1 | Apr 2026 | $150,000 | 2/2 | 1,148 | $131 |
| Average | 6 comps | $153,604 | $131 |
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 $25,000 (14.8%) from the original list price.
| Mar 25, 2026 | Sold | $144,000 |
| Jan 6, 2026 | Price reducedfrom $159,000 | $149,000 |
| Oct 7, 2025 | Listed | $169,000 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Waterfront
- Storm protection: Shutters
- Built 1982 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- 55+ age-restricted community
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.