$435,000
3 Bed Pool Home for Sale in Cape Coral
1223 NW 40th Place, Cape Coral, FL, 33993
About this home
POOL HOME • $150K+ IN UPGRADES • METAL ROOF • IMPACT WINDOWS • FULLY FURNISHED • ASSUMABLE FLOOD POLICY! Welcome to this AWESOME 3-bedroom + den, 2-bath pool home in up-and-coming NW Cape Coral, surrounded by newer homes. Never flooded, and the low-cost flood policy is assumable to the buyer! Enjoy an tons of outdoor living/entertaining space with a full-width under-truss lanai, oversized pool deck, screened pool cage, summer kitchen, and fenced backyard with mature trees. Inside, the open floor plan features a spacious Great Room, formal dining, front entertainment room, and upgraded kitchen with granite, island, LG stainless-steel appliances, backsplash, crown molding, touch faucet, and R/O system. $150K+ in improvements include a 2023 metal roof, new pool cage, impact windows, appliances, and more. The primary suite offers two walk-in closets, a large walk-in shower, and soaking tub. Located near restaurants, shopping, fishing, boating and the future Seven Islands Project. Fully furnished, turn-key, and includes a one-year home warranty. A fantastic opportunity to own a move-in-ready pool home in one of NW Cape Coral’s emerging areas!
Property details
- Type
- SingleFamilyResidence
- Year built
- 2005
- Interior
- 1,809 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 130
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,090/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- East
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- Yes
- Spa
- No
- Natural gas
- No
- Water
- Well
- Sewer
- Septic Tank
- 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.
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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 |
|---|---|---|---|---|---|
| 3914 Gulfstream Parkway | Oct 2025 | $500,000 | 3/2 | 1,931 | $259 |
| 1609 NW 37th Place | Oct 2025 | $372,000 | 3/2 | 1,777 | $209 |
| 1505 NW 33rd Place | Apr 2026 | $439,000 | 4/2 | 1,987 | $221 |
| 1409 NW 33rd Avenue | Mar 2026 | $420,000 | 3/2 | 1,975 | $213 |
| 829 NW 33rd Place | Oct 2025 | $485,000 | 3/2 | 1,918 | $253 |
| Average | 5 comps | $443,200 | $231 |
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 $40,000 (8.4%) from the original list price.
| Jul 15, 2026 | Price reducedfrom $475,000 | $435,000 |
| Jul 15, 2026 | Back on market | |
| Apr 3, 2026 | Listed | $475,000 |
The good, the trade-offs & the location
- Built 2005 — post-2002 Florida wind codes (typically lower insurance)
- Private pool
- Storm protection: Impact Windows/Doors
- 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.
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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.