$660,000
3 Bed 3 Bath Pool SingleFamilyResidence for Sale in CAPE CORAL, FL
1815 SW 40th Terrace, Cape Coral, FL, 33914
About this home
2.875% ASSUMABLE VA LOAN $604,707 LOAN BALANCE. As little as $55k down gets you this amazing low interest rate. Dream home in prime location Exceptional 3 bedroom plus den, 3 bath, 3 car garage residence in prime SW Cape Coral location across from gulf access waterfront homes. Open great room floor plan with 12-foot coffered ceilings, Island kitchen with quartz countertops, tiled backsplash, and stainless steel appliances. The pool area is ideal for entertaining with a large paver pool deck, heated pool with salt system, spacious covered lanai with outdoor kitchen and a lush, beautifully landscaped backyard with privacy fencing. The primary suite features a luxurious bath with walk-through shower. There's an indoor laundry room with extra cabinets. The three car garage features epoxy coated flooring and hook up for the generator. Additional features include hurricane-impact tinted windows, a water system, and whole house surge protection, Vivint alarm system, 5 outdoor camaras, keyless entry and camara doorbell. Loan assumption is qualifying, payment is $3639.92 PITI.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2021
- Interior
- 2,246 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 3 car
- Days on market
- 65
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $9,240/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- North
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- 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 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 |
|---|---|---|---|---|---|
| 1721 SW 41st Street | Apr 2026 | $709,000 | 3/2 | 2,118 | $335 |
| 2108 SW 38th Terrace | Sep 2025 | $720,000 | 3/2 | 2,078 | $346 |
| 1716 SW 44th Terrace | Jul 2026 | $590,000 | 3/2 | 2,131 | $277 |
| 4404 SW 15th Place | Feb 2026 | $605,000 | 3/3 | 2,256 | $268 |
| 3713 SW 13th Avenue | Dec 2025 | $585,000 | 3/2 | 2,060 | $284 |
| 1140 SW 40th Terrace | Jan 2026 | $599,000 | 4/3 | 2,150 | $279 |
| Average | 6 comps | $634,667 | $298 |
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 $45,000 (6.5%) from the original list price.
| Aug 21, 2025 | Sold | $650,000 |
| May 16, 2025 | Price reducedfrom $675,000 | $660,000 |
| Apr 1, 2025 | Listed | $695,000 |
The good, the trade-offs & the location
- Built 2021 — post-2002 Florida wind codes (typically lower insurance)
- Private pool
- Storm protection: Impact Windows/Doors
- 3-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.
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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.