$337,400
4 Bed SingleFamilyResidence for Sale in Not Applicable
4317 NW 40th Terrace, Cape Coral, FL, 33993
About this home
Motivated seller — relocating for work. Bring your best offer. Cape Coral 4 bedroom 2 bath home, 1,712 sq ft, 2-car garage, no HOA, no CDD. Private fully fenced 0.23-acre lot, pool-ready, pet-friendly. Never flooded. Move-in ready. Open concept, split bedroom plan, cathedral ceilings, tile floors, updated kitchen and both baths. No city water or sewer assessment today. Well and septic with water softener already in place. Next review not scheduled until 2045 or later. The next owner skips the $25k–$35k+ assessment and higher monthly utility bills already hitting other northern Cape sections — nearly 20 years of lower carrying costs. New roof 2022, new A/C 2022, new water heater 2024, hurricane-rated front door 2024. Expanded screened lanai, covered deck, gazebo, irrigation. Room for a pool. 1-year home warranty included. Washer/dryer, hot tub, Pit Boss grill, and select furnishings can convey with an acceptable offer. NW Cape Coral 33993. Privacy, updates, and locked-in lower utility costs. Schedule a showing.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2007
- Interior
- 1,712 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 119
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $4,724/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Shutters
- Exposure
- North
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- Yes
- 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 14 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 |
|---|---|---|---|---|---|
| 4204 NW 39th Street | Aug 2026 | $370,000 | 3/2 | 1,680 | $220 |
| 3936 NW 41ST Avenue | Aug 2025 | $340,000 | 3/2 | 1,637 | $208 |
| 3818 NW 40th Avenue | Oct 2025 | $355,000 | 4/2 | 1,905 | $186 |
| 4111 NW 36th Lane | Jun 2026 | $346,000 | 3/2 | 1,864 | $186 |
| 4166 NW 39th Avenue | Nov 2025 | $278,400 | 3/2 | 1,580 | $176 |
| 3926 NW 44th Terrace | Dec 2025 | $299,990 | 4/2 | 1,818 | $165 |
| Average | 6 comps | $331,565 | $190 |
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 $47,500 (12.3%) from the original list price.
| Aug 20, 2026 | Price reducedfrom $349,999 | $337,400 |
| Apr 30, 2026 | Listed | $384,900 |
The good, the trade-offs & the location
- Built 2007 — post-2002 Florida wind codes (typically lower insurance)
- Storm protection: Shutters
- 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.