$265,000
3 Bed Waterfront Home for Sale in Cape Coral
1345 SE 40th Terrace 2E, Cape Coral, FL, 33904
About this home
GULF ACCESS 55+ CORNER CONDO JUST MINUTES TO OPEN WATER, WATER VIEWS, COMMUNITY POOL VIEWS, AND A PRIVATE 1-CAR GARAGE! This completely remodeled second-floor end unit offers 3 bedrooms, 2 baths, and 1,623 sq ft in a central Cape Coral location near shopping, dining, parks, and more. Enjoy exceptional views of Plato’s Canal from the spacious living and dining areas, primary suite, and screened balcony, while the community pool is just outside your side view. The updated open kitchen features granite countertops, white wood cabinetry with soft-close doors and drawers, pantry storage, under- and over-cabinet LED lighting, recessed lights, stainless steel appliances, and a stainless sink. New waterproof flooring runs throughout, complemented by fresh interior paint, modern LED light fixtures, six ceiling fans, updated door hardware, and a new electrical panel. The split-bedroom layout provides privacy for owners and guests. Both baths have been refreshed with new toilets, granite-topped vanities, and the primary bath includes dual sinks plus a glass-enclosed shower. The primary bedroom opens directly to the tiled screened balcony, complete with Plexiglass slider panels for year-round enjoyment. Newer A/C adds peace of mind. Enjoy the easy Southwest Florida lifestyle with quick boating access, a resort-style pool setting, and the convenience of a garage, all in one beautifully updated home.
Property details
- Type
- Condominium
- Year built
- 1977
- Interior
- 1,623 sqft
- Lot size
- 7,261.452 sqft
- Acreage
- 0.17 acres
- Garage
- 1 car
- Days on market
- 0
- Total association fees
- $9,124/yr (~$760/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,710/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Shutters
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- No
- County
- Lee
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges, mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees, which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
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 11 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 |
|---|---|---|---|---|---|
| 3805 SE 12th Avenue | Aug 2026 | $300,000 | 3/2 | 1,723 | $174 |
| 3926 Country Club Boulevard | Apr 2026 | $265,000 | 3/2 | 1,716 | $154 |
| 1829 SE 41st Street 1I | Mar 2026 | $235,000 | 2/2 | 1,456 | $161 |
| 4001 SE 10th Avenue | Oct 2025 | $280,000 | 3/2 | 1,559 | $180 |
| 1319 SE 45th Street | Nov 2025 | $230,000 | 3/2 | 1,458 | $158 |
| 1907 SE 40th Terrace 102 | Apr 2026 | $240,000 | 3/2 | 1,624 | $148 |
| Average | 6 comps | $258,333 | $163 |
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.
The good, the trade-offs & the location
- Waterfront
- Storm protection: Shutters
- Built 1977 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- Higher association fees (~$9,124/yr)
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.