$1,199,000
4 Bed Pool Home for Sale in Cape Coral
1506 NW 40th Place, Cape Coral, FL, 33993
About this home
Welcome to 1506 NW 40th Place, a waterfront residence featuring the custom Marsala floor plan by Frey & Son Homes, ideally positioned on a direct sailboat-access canal with no bridges in Cape Coral. The inspection has been completed, with all items fully addressed, making this home truly move-in ready. Offering nearly 4,000 total square feet, this 4-bedroom, 3-full-bath home includes an oversized garage, a dedicated full pool bath, and a custom saltwater heated pool and spa designed for effortless indoor–outdoor living. The outdoor kitchen space is already plumbed and ready for installation, allowing for easy customization. The home is centered around an expansive statement island and a sleek, modern layout, highlighted by hidden in-cabinet kitchen outlets that maintain clean lines throughout. Notable upgrades include a new full-home reverse osmosis system, one large electric roll-down screen for shaded outdoor comfort, and a full-home Generac generator powered by a 240-gallon propane tank for added reliability and peace of mind. The primary suite features an electric shade providing adjustable light control and privacy, adding another layer of comfort and convenience. Set along an approximately 200-foot-wide canal, the property offers expansive water views and seamless boating access. Located within walking distance of the new Tropicana Park, soon to feature a beach, kayak launch, playground, green space, and additional recreational amenities. A polished, thoughtfully upgraded waterfront home in one of Cape Coral’s most desirable locations.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2020
- Interior
- 2,887 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 3 car
- Days on market
- 188
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $16,786/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- Yes
- Spa
- Yes
- Natural gas
- No
- Water
- Not specified
- 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 3 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 |
|---|---|---|---|---|---|
| 1418 NW 37th Place | Jul 2026 | $1,276,350 | 5/3 | 2,748 | $464 |
| 1612 NW 37th Avenue | Aug 2026 | $1,227,300 | 4/3 | 3,015 | $407 |
| 816 NW 39th Avenue | Jun 2026 | $1,100,000 | 3/3 | 2,851 | $386 |
| Average | 3 comps | $1,201,217 | $419 |
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 $100,000 (8%) from the original list price.
| Aug 12, 2026 | Sold | $1,150,000 |
| Apr 13, 2026 | Price reducedfrom $1,225,000 | $1,199,000 |
| Jan 6, 2026 | Listed | $1,250,000 |
The good, the trade-offs & the location
- Built 2020 — post-2002 Florida wind codes (typically lower insurance)
- Private pool
- Gulf access (Direct — no bridges)
- 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.