$275,000
2 Bed Waterfront Home for Sale in Cape Coral, FL, $275,000
1905 SE 40th Terrace 102, Cape Coral, FL, 33904
About this home
DIRECT SAILBOAT CONDO ON A 250' WIDE INTERSECTING CANAL, TWO BEDROOMS, TWO BATHS, DEEDED BOAT DOCK WITH A 10,000 POUND LIFT, SUNRISES AND SUNSETS AND FULLY FURNISHED TURNKEY INCLUDING TWO KAYAKS! Within walking distance to Cape Coral's newest 11.8 acre waterfront park! Community events, food trucks, volleyball, cornhole, playground, splash park, picnic areas, bandshell to hold live performances. And again it is in walking distance! Cruise 5 minutes and you will be in the Caloosahatchee River on your way to many destinations. Store your boat on your 10,000 pound boat lift. Water and Electric at dock for your convenience. Tile throughout. Extremely large living area. Currently there is a pool table in the living room. Can be removed if you like. Dining room with an electric fireplace. Beautiful lanai. Lots of extras within this condo. Corner unit has lots of windows to let that sunshine in! Another item to point out about this condo is that you can use 100% of the living room/dining room combination as full living space. Original plans divide the space into a formal dining room and living room. The current dining area can be turned into a den. Many options here. Please visit virtual tour to see if this condo checks all your bullet points! It may just check many more! 55+ community and yes your grandchildren can come to visit. The second bedroom houses a full size bed and bunkbeds! Fish from your dock, swim in the beautiful community pool or relax under the tiki hut with cocktail in hand. Vista Point is a very nice small complex you will be happy to call home! Location is one of the best in the Cape. CLOSE TO BOTH BRIDGES into Fort Myers and the beaches. Close to churches, restaurants, entertainment...
Property details
- Type
- Condominium
- Year built
- 1981
- Interior
- 1,255 sqft
- Lot size
- 2,443.716 sqft
- Acreage
- 0.06 acres
- Garage
- 1 car
- Days on market
- 29
- Total association fees
- $9,912/yr (~$826/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,850/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- West
- 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 8 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 |
|---|---|---|---|---|---|
| 1915 SE 40th Terrace 103 | Aug 2025 | $255,000 | 2/2 | 1,186 | $215 |
| 4115 SE 18th Place 201 | Nov 2025 | $280,000 | 2/2 | 1,362 | $206 |
| 4013 SE 20th Place 402 | May 2026 | $245,000 | 2/2 | 1,295 | $189 |
| 4015 SE 20th Place 206 | Dec 2025 | $300,000 | 2/2 | 1,305 | $230 |
| 4210 SE 20th Place C2 | Dec 2025 | $260,000 | 2/2 | 1,272 | $204 |
| 4229 SE 19th Place 1C | Apr 2026 | $280,000 | 2/2 | 1,360 | $206 |
| Average | 6 comps | $270,000 | $208 |
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.
The good, the trade-offs & the location
- Waterfront
- Built 1981 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- Higher association fees (~$9,912/yr)
- 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.