$229,500
2 Bed Waterfront Home for Sale in Cape Coral
1333 SE 40th Terrace 2A, Cape Coral, FL, 33904
About this home
Future boat slip dedicated to the unit, with the assessment already paid in full, set this second-floor end unit apart in a well-maintained 55+ Gulf access community just minutes from downtown Cape Coral. This spacious condo is being sold partially furnished and includes a one-car garage conveniently located just steps from the front entrance. Positioned on the second floor, it offers added peace of mind along with end-unit privacy and abundant natural light throughout. The interior features an open living and dining area that flows seamlessly to a screened or enclosed lanai overlooking the canal. The kitchen is well laid out with ample cabinet storage, a pantry, a window over the sink, and a full set of appliances. The guest bedroom includes a space-saving Murphy bed, a generous closet, and access to a private guest bathroom. The primary suite is positioned along the canal and offers direct lanai access, a walk-in closet, and an ensuite bathroom with a large walk-in shower. A separate laundry room provides a full-size washer and dryer along with additional storage. Significant updates have already been completed, including impact-resistant windows, a new roof, 2020 HVAC system with updated ductwork, 2020 plumbing, a 2020 electrical panel, fresh interior paint, and new light fixtures throughout. The planned community dock and boat slips add future Gulf access value, with the assessment fully paid by the seller.
Property details
- Type
- Condominium
- Year built
- 1979
- Interior
- 1,348 sqft
- Lot size
- 7,505.388 sqft
- Acreage
- 0.17 acres
- Garage
- 1 car
- Days on market
- 52
- Total association fees
- $6,401/yr (~$533/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,213/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- 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
- 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 7 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 |
|---|---|---|---|---|---|
| 4026 SE 12th Avenue 208 | Apr 2026 | $235,000 | 2/2 | 1,380 | $170 |
| 3905 Del Prado Boulevard 101 | Jan 2026 | $235,000 | 3/2 | 1,302 | $180 |
| 1411 SE 43rd Street | Sep 2025 | $260,000 | 2/2 | 1,190 | $218 |
| 1102 SE 39th Terrace 108 | Nov 2025 | $200,000 | 2/2 | 1,439 | $139 |
| 1102 SE 39th Terrace 103 | Sep 2025 | $212,500 | 2/2 | 1,422 | $149 |
| 1429 SE 44th Street | Jan 2026 | $211,000 | 3/2 | 1,272 | $166 |
| Average | 6 comps | $225,583 | $170 |
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 (4.2%) from the original list price.
| May 21, 2026 | Price reducedfrom $239,500 | $229,500 |
| Apr 16, 2026 | Listed | $239,500 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 1979 — pre-2002 construction may carry older wind codes and higher insurance
- 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.