$950,000
3 Bed Pool Home for Sale in Cape Coral
1755 SE 40th Terrace, Cape Coral, FL, 33904
About this home
BOATERS PARADISE- Quick access! Turnkey- Elegant 3-bedroom, 3-bath canal-front pool home in a premier Cape Coral waterfront setting, offering Gulf Sailboat access to the river, ideal for boating enthusiasts. Enjoy outdoor living on the spacious pool patio, perfect for entertaining or relaxing while taking in tranquil water views, featuring a heated pool resurfaced in 2018. The property boasts a new dock and pilings (2024) with electric, water, and canopy, providing easy access to open water and full convenience for your boats. Extensive upgrades completed in 2018 include a metal roof, A/C, water heater, electrical panel, and plumbing, ensuring long-term peace of mind. Inside, a grand foyer opens to a light-filled interior with tile flooring throughout and a welcoming wood-burning fireplace in the living room, adding warmth and ambiance. The kitchen features a tray ceiling and breakfast bar, while the primary suite offers a spa-like bath with dual sinks. Three full bathrooms comfortably accommodate family and guests. This waterfront gem is a guest favorite and has previous years of a very successful vacation rental property. Whether as a primary residence or refined coastal retreat, this exceptional Gulf-access waterfront home embodies the best of upscale Cape Coral living, combining boating, comfort, and style.
Property details
- Type
- SingleFamilyResidence
- Year built
- 1967
- Interior
- 1,946 sqft
- Lot size
- 11,674.08 sqft
- Acreage
- 0.27 acres
- Garage
- 2 car
- Days on market
- 198
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $13,300/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- East
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- 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 4 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 |
|---|---|---|---|---|---|
| 1640 SE 40th Street | Jul 2026 | $740,000 | 3/3 | 1,905 | $388 |
| 3630 SE 17th Avenue | Feb 2026 | $730,000 | 3/2 | 2,061 | $354 |
| 1816 SE 36th Terrace | Apr 2026 | $725,000 | 3/2 | 2,107 | $344 |
| 4413 SE 13th Place | Jun 2026 | $780,000 | 3/2 | 1,835 | $425 |
| Average | 4 comps | $743,750 | $378 |
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 $35,000 (3.6%) from the original list price.
| Mar 5, 2026 | Price reducedfrom $985,000 | $950,000 |
| Jan 22, 2026 | Listed | $985,000 |
The good, the trade-offs & the location
- Private pool
- Gulf access (Direct — no bridges)
- 2-car garage
- Built 1967 — 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.