$599,900
3 Bed Pool Home for Sale in Cape Coral
527 SW 40th Terrace, Cape Coral, FL, 33914
About this home
Step into this incredibly well-kept HIGH ELEVATION GULF-ACCESS POOL HOME in a great, centralized SW Cape Coral location, just minutes from everything you need in the city! With over 2,000 square feet of bright, naturally lit living space and tall ceilings inside, this home features 3 large bedrooms, plus a den/office (or 4th bedroom), 2 full baths, including a pool bath, TONS OF STORAGE AREAS with an extra-large 26' DEEP GARAGE, and a STUNNING SCREENED-IN OUTDOOR LIVING SPACE, including ample shaded spaces and a NORTHERN EXPOSURE POOL, all overlooking the incredible Gulf-access canal with a newer (2020) PRIVATE DOCK AND COVERED 10,000 lb BOAT LIFT! This home has NEVER BEEN FLOODED, and is built to SAVE $ ON INSURANCE, with a NEWER ROOF (2023), full storm shutter coverage, and one of the HIGHEST GULF-ACCESS ELEVATIONS you will find in Cape Coral! If you're looking for true and SAFE SW Florida waterfront lifestyle, you need to call and schedule a private tour of this house!
Property details
- Type
- SingleFamilyResidence
- Year built
- 2006
- Interior
- 2,032 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 13
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $8,399/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- North
- 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 5 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
Seeing several homes? Build a tour and we'll route it for you.
Your notes on this home
Keep private notes on this home, what you love, what to ask about, saved to your account and shared with your agent.
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 |
|---|---|---|---|---|---|
| 4200 SW 3rd Avenue | Oct 2025 | $547,000 | 3/2 | 2,087 | $262 |
| 4116 SW 1st Place | Aug 2026 | $525,000 | 3/2 | 1,948 | $270 |
| 4335 SW 2nd Avenue | Mar 2026 | $530,000 | 4/2 | 2,230 | $238 |
| 3712 SW 11th Place | Apr 2026 | $541,000 | 3/2 | 2,176 | $249 |
| 1149 SW 37th Street | Nov 2025 | $515,000 | 3/2 | 2,109 | $244 |
| Average | 5 comps | $531,600 | $253 |
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 $24,900 (4.2%) from the original list price.
| Jul 16, 2026 | Sold | $575,000 |
| Jun 10, 2026 | Listed | $599,900 |
The good, the trade-offs & the location
- Built 2006 — post-2002 Florida wind codes (typically lower insurance)
- Private pool
- Gulf access (Direct — no bridges)
- 2-car garage
- 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.
Similar homes nearby
$649,000
MLS# 2026005806818 Monticello Court, Cape Coral, FL, 33904
$599,900
MLS# 20260349623714 SE 12th Court, Cape Coral, FL, 33904
$625,000
MLS# 2026037179205 SW 37th Lane, Cape Coral, FL, 33914
$575,000
MLS# 20250202865128 York Court, Cape Coral, FL, 33904
$655,900
MLS# 20260161931926 SW 15th Avenue, Cape Coral, FL, 33991
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.