$669,500
3 Bed 2 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
109 SE 40th Terrace, Cape Coral, FL, 33904
About this home
Welcome to your Gulf access getaway in the heart of Cape Coral! This updated 3-bedroom, 2-bathroom pool home with spa is situated on a canal with boating access to the river—just a short 23-minute ride with only one bridge out. Inside, you’ll find an open and spacious floor plan perfect for both everyday living and entertaining. The living and dining areas are filled with natural light, and the updated kitchen offers ample storage, modern finishes, and a casual bar seating area. The split-bedroom layout ensures privacy, with a relaxing primary suite featuring an en-suite bath. Two guest bedrooms and an additional full bath provide plenty of space for family or visitors. Step outside to your screened lanai with a sparkling pool and spa, surrounded by tropical landscaping and a peaceful waterfront setting—ideal for lounging, dining al fresco, or simply enjoying the Southwest Florida lifestyle. Pool new in 2022, with Jandy I-aqualink pool automation. New Samsung bespoke appliances, drawer microwave new 2022. Conveniently located near shopping, dining,this home is a perfect opportunity to live the waterfront dream in a great location!
Property details
- Type
- SingleFamilyResidence
- Year built
- 1974
- Interior
- 1,921 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 36
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $9,373/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- Yes
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Yes
- County
- Lee
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 10 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 |
|---|---|---|---|---|---|
| 4104 SW 1st Place | Feb 2026 | $529,000 | 3/2 | 1,758 | $301 |
| 116 SW 38th Terrace | Sep 2025 | $582,000 | 3/2 | 1,784 | $326 |
| 4026 SE 3rd Avenue | Feb 2026 | $530,000 | 3/3 | 1,837 | $289 |
| 3701 SW 2nd Avenue | Sep 2025 | $625,000 | 3/2 | 1,897 | $329 |
| 4200 SW 3rd Avenue | Oct 2025 | $547,000 | 3/2 | 2,087 | $262 |
| 405 Mohawk Parkway | Sep 2025 | $680,000 | 4/3 | 2,002 | $340 |
| Average | 6 comps | $582,167 | $308 |
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 $23,500 (3.4%) from the original list price.
| Apr 7, 2026 | Sold | $660,000 |
| Feb 27, 2026 | Price reducedfrom $675,500 | $669,500 |
| Feb 14, 2026 | Back on market | |
| Jan 24, 2026 | Listed | $683,500 |
The good, the trade-offs & the location
- Private pool
- Waterfront
- Storm protection: Impact Windows/Doors
- 2-car garage
- Built 1974 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
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.