$794,900
3 Bed Pool Home for Sale in Cape Coral
1640 SE 40th Street, Cape Coral, FL, 33904
About this home
Experience true Florida waterfront living in this SE Cape Coral property with direct sailboat access, wide canal views, and southern rear exposure. Perfectly positioned on a triple-lot, this exceptional property offers 120 feet of water frontage, dock and boat lift along a 200-foot-wide canal with direct access to the Caloosahatchee River and then a short ride to the Gulf. Designed to capture the beauty of its setting, the home showcases expansive water views and a peaceful natural backdrop, with dolphins frequently seen in the cancel. This 3-bedroom, 3.5 bath residence features a spacious open floor plan designed for seamless indoor-outdoor living. The home also includes a large in-house laundry room. Expansive pocket sliders open fully to the lanai, creating a natural extension of the living space and maximizing the spectacular waterfront views. Outdoors, enjoy a large pool with a dedicated pool bath and generous entertaining areas overlooking the water-perfectly oriented to take advantage of the desirable southern exposure and all-day natural light. Ideally located just a short drive or boat ride to Sanibel Island, Fort Myers Beach, and Pine Island, add to that, plenty of dining and entertainment opportunities nearby, this home delivers the ultimate Southwest Florida coastal lifestyle.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1966
- Interior
- 1,905 sqft
- Lot size
- 14,941.08 sqft
- Acreage
- 0.34 acres
- Garage
- 2 car
- Days on market
- 9
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $11,129/yr
- Flood zone (area est.)
- No · Low risk (X)
- Storm protection
- Impact Windows/Doors
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- Yes
- Spa
- No
- 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 6 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 |
|---|---|---|---|---|---|
| 1637 SE 41st Street | Sep 2025 | $697,500 | 2/2 | 1,820 | $383 |
| 3630 SE 17th Avenue | Feb 2026 | $730,000 | 3/2 | 2,061 | $354 |
| 3626 SE 16th Place | Sep 2025 | $637,000 | 3/2 | 1,858 | $343 |
| 4413 SE 13th Place | Jun 2026 | $780,000 | 3/2 | 1,835 | $425 |
| 3718 SE 21st Avenue | Oct 2025 | $610,000 | 3/2 | 1,757 | $347 |
| 4235 SE 20th Place A205 | Apr 2026 | $625,000 | 3/3 | 1,805 | $346 |
| Average | 6 comps | $679,917 | $366 |
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 $54,900 (6.9%) from the original list price.
| Jul 29, 2026 | Sold | $740,000 |
| Jun 21, 2026 | Listed | $794,900 |
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Private pool
- Gulf access (Direct — no bridges)
- Storm protection: Impact Windows/Doors
- 2-car garage
- Built 1966 — pre-2002 construction may carry older wind codes and higher insurance
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.