2 Bed Waterfront Home for Sale in Cape Coral
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SoldMLS# 2025013595

$149,000

2 Bed Waterfront Home for Sale in Cape Coral

1005 SE 40th Street 4, Cape Coral, FL, 33904

2 beds2 baths1,141 sqft
GatedBoatingCommunity Pool55+Waterfront

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

AssociationManagementInsuranceIrrigationWaterLegalAccountingMaintenanceGroundsPestControlReserveFundSewerTrashWater

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

BoatDockPoolManagement

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.

At marketThis home is priced in line with comparable recent sales.
This home
$131/sqft
Comp median
$139/sqft
Difference
-6%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
1005 SE 40th Street 5Dec 2025$169,9002/21,111$153
4002 Coronado Parkway 101Sep 2025$145,7252/21,270$115
1016 SE 46th Street 203Mar 2026$165,0002/21,187$139
1016 SE 46th Street 101Jan 2026$130,0002/21,187$110
834 SE 46th Street 1CJun 2026$161,0002/21,158$139
834 SE 46th Street A1Apr 2026$150,0002/21,148$131
Average6 comps$153,604$131

Market trends, Cape Coral

Median list
$399,000
Median $/sqft
$233
Median sold (90d)
$385,000
Avg days on market
94
Active listings
2,460
Median sold price · Cape Coral
$385,000last 3 months7.2% vs $359,000 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM7% YoY
$340k$365k$390kJul ’25Aug ’26
$380,000Aug ’26 · 444 sales

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, 2026Sold$144,000
Jan 6, 2026Price reducedfrom $159,000$149,000
Oct 7, 2025Listed$169,000

The good, the trade-offs & the location

Pros
  • Lower flood risk (zone X)
  • Waterfront
  • Storm protection: Shutters
Consider
  • Built 1982 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
  • 55+ age-restricted community
Location convenienceHigh
Hospital
3.9 mi
Cape Coral Hospital
Beach
8.7 mi
Fort Myers Beach
Airport
5.5 mi
Page Field (Fort Myers)
Shopping
5.1 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities, approximate; actual drive times vary.

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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.