$179,900
2 Bed Waterfront Home for Sale in Wayward Wind
1220 SE 40th Street 8, Cape Coral, FL, 33904
About this home
GULF ACCESS WATERFRONT!!! ONE YEAR FREE HOA FEES!! Affordable Waterfront Boating Lifestyle – Renovated Condo with Dock, Quick River Access & Walk to Downtown Cape Coral. Experience the relaxed waterfront lifestyle that makes Southwest Florida so special. This fully renovated 2-bedroom, 2-bath ground-floor condominium offers approximately 1,000 square feet of comfortable living in a small boating-oriented community just minutes from downtown Cape Coral. Boaters will love the location. From the community dock, enjoy a 10–15 minute idle-speed boat ride to the Caloosahatchee River, providing convenient boating access to the Gulf of America. The waterfront setting creates a true Florida experience. It’s common to see manatees and dolphins swimming through the canal, adding to the peaceful waterfront atmosphere. This community is designed for enjoying the outdoors. Residents can gather along the concrete waterfront patio area, perfect for morning coffee, sunset relaxation, or family picnics by the water. Kids often enjoy fishing right from the dock, creating the kind of simple waterfront memories that define coastal living. The community boat dock is currently undergoing renovations, with improvements underway that will enhance the boating experience even further in the coming months. Community highlights include: • Waterfront community with common boat dock • Concrete waterfront patio gathering area • Beautiful community swimming pool • Quiet, friendly boating community atmosphere • Ground-floor convenience Location is another major highlight. The property sits just about one mile from downtown Cape Coral, placing you within walking distance of restaurants, entertainment, shops, coffee houses, salons, and everyday conveniences. The nearby Del Prado corridor offers hundreds of businesses and services, making this one of the most convenient locations in the city. Whether you're searching for a primary residence, seasonal getaway, or an affordable entry into the Southwest Florida boating lifestyle, this condominium offers an outstanding opportunity to enjoy waterfront living at an attractive price point.
Property details
- Type
- Condominium
- Year built
- 1987
- Interior
- 1,000 sqft
- Lot size
- 3,802.788 sqft
- Acreage
- 0.09 acres
- Garage
- None
- Days on market
- 166
- Total association fees
- $4,800/yr (~$400/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,519/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- East
- 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 4 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 |
|---|---|---|---|---|---|
| 3943 SE 11th Place 105 | Feb 2026 | $177,000 | 2/2 | 1,179 | $150 |
| 1005 SE 40th Street 5 | Dec 2025 | $169,900 | 2/2 | 1,111 | $153 |
| 3803 SE 11th Place 1210 | Jun 2026 | $205,000 | 2/2 | 1,008 | $203 |
| 3714 SE 12th Avenue 203 | Apr 2026 | $195,000 | 2/2 | 1,111 | $176 |
| Average | 4 comps | $186,725 | $171 |
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 $20,000 (10%) from the original list price.
| May 11, 2026 | Price reducedfrom $189,900 | $179,900 |
| Mar 18, 2026 | Listed | $199,900 |
The good, the trade-offs & the location
- Waterfront
- Built 1987 — 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
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.