$169,900
2 Bed Waterfront Home for Sale in Cape Coral
1005 SE 40th Street 5, Cape Coral, FL, 33904
About this home
Light and bright end-unit condo in SE Cape Coral with stunning views of the pool and Gulf-access canal. This 2-bedroom, 2-bath home features wood-look tile throughout, solid surface countertops in the kitchen, and both a dining area and an eat-in space off the living room. Enjoy peace of mind with a newer A/C unit, new water heater, freshly painted exterior, full hurricane shutters enclosing the screened lanai, and a fully funded HOA with solid financials. The community offers a first-come, first-served Gulf-access dock, and condo fees include water, building insurance, and flood insurance. Washer and dryer are conveniently located in the unit—everything you need to enjoy the easy Florida lifestyle!
Property details
- Type
- Condominium
- Year built
- 1982
- Interior
- 1,111 sqft
- Lot size
- 6,586.272 sqft
- Acreage
- 0.15 acres
- Garage
- None
- Days on market
- 34
- Total association fees
- $8,400/yr (~$700/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,379/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- 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 3 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 |
|---|---|---|---|---|---|
| 3943 SE 11th Place 105 | Feb 2026 | $177,000 | 2/2 | 1,179 | $150 |
| 3714 SE 12th Avenue 203 | Apr 2026 | $195,000 | 2/2 | 1,111 | $176 |
| 3708 SE 12th Avenue 104 | Aug 2026 | $175,000 | 3/2 | 1,286 | $136 |
| Average | 3 comps | $182,333 | $154 |
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 $30,000 (15%) from the original list price.
| Dec 9, 2025 | Sold | $169,900 |
| Nov 2, 2025 | Price reducedfrom $184,700 | $169,900 |
| Oct 9, 2025 | Listed | $199,900 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Gulf access (Direct — no bridges)
- Built 1982 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
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.