$180,000
2 Bed Waterfront Home for Sale in Cape Coral
1322 SE 40th Street 2, Cape Coral, FL, 33904
About this home
Check out this Gulf Access townhome offering sparkling water views and the perfect Florida getaway! This bright and airy home features an open living room and kitchen filled with natural sunlight. A convenient half bath downstairs, extra storage, and a laundry closet on the lanai. Brand new 2026 AC! Upstairs, you’ll find two spacious bedrooms, including a large primary suite with a walk-in closet and private bathroom, as well as a guest bedroom with its own private bathroom. Enjoy peaceful mornings and relaxing evenings on the oversized lanai watching the boats go by. Boating enthusiasts will love the Gulf access with dock space available on a first-come, first-served basis, and only one bridge and short stroll to open waters. This home is being sold furnished and includes assigned covered parking, with additional guest parking available. Ideally located near downtown Cape Coral, shopping, dining, and just minutes to the bridge for easy access to Fort Myers. Whether you're looking for a move-in ready getaway or a place to add your own personal touch, this waterfront gem is ready to welcome you home!
Property details
- Type
- Townhouse
- Year built
- 1980
- Interior
- 1,026 sqft
- Lot size
- 4,373.424 sqft
- Acreage
- 0.10 acres
- Garage
- None
- Days on market
- 146
- Total association fees
- $6,300/yr (~$525/mo)
- CDD
- None
- Est. taxes (1.4%)
- $2,520/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- No
- 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 |
| 1005 SE 40th Street 5 | Dec 2025 | $169,900 | 2/2 | 1,111 | $153 |
| 3711 Del Prado Boulevard 2 | Feb 2026 | $176,200 | 2/2 | 998 | $177 |
| Average | 3 comps | $174,367 | $160 |
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 $10,000 (5.3%) from the original list price.
| May 21, 2026 | Price reducedfrom $190,000 | $180,000 |
| Apr 4, 2026 | Listed | $190,000 |
The good, the trade-offs & the location
- Gulf access (Direct — no bridges)
- Built 1980 — 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.