$499,000
4 Bed Pool Home for Sale in Cape Coral
1227 NW 40th Place, Cape Coral, FL, 33993
About this home
Discover modern coastal living at its finest in this stunning pool home located in the highly sought-after Old Burnt Store neighborhood, just moments from the exciting Seven Islands development in Cape Coral. This beautifully designed 4-bedroom, 3-bath residence welcomes you with impressive 8-foot double entry doors and soaring volume ceilings accented by a dramatic 72-inch ceiling fan, creating a bright and open atmosphere from the moment you step inside. Thoughtfully designed with entertaining in mind, the spacious open-concept layout seamlessly connects the living, dining, and kitchen areas, making it perfect for hosting family and friends. The chef-inspired island kitchen features elegant quartz countertops, a large eat-in island, soft-close cabinetry, and stylish finishes throughout—ideal for everything from casual meals to special gatherings. Every detail of this home reflects quality craftsmanship and modern design, including sleek tile flooring, elevated tray ceilings, and carefully selected finishes that create a warm yet sophisticated feel. The primary suite offers a private retreat with generous space, two walk-in closets, and a luxurious bathroom featuring dual vanities and a frameless glass shower equipped with a European-style shower tower, body sprayers, and a rainfall shower head. The additional bedrooms are thoughtfully arranged, including a convenient Jack-and-Jill bathroom and a third full bath that also functions perfectly as a future pool bath. Step outside and embrace the Florida lifestyle in your heated saltwater pool, complete with a relaxing fountain and ledge lounger—perfect for soaking up the sunshine. The covered lanai includes an outdoor shower and summer kitchen, creating the ultimate space for cookouts, gatherings, and unforgettable evenings outdoors with peaceful setting on a quiet street in one of Cape Coral’s fastest-growing areas. This exceptional home blends comfort, style, and location—offering the perfect place to enjoy everything Southwest Florida has to offer.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2023
- Interior
- 2,010 sqft
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- 2 car
- Days on market
- 63
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $6,986/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
- Yes
- 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 6 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 |
|---|---|---|---|---|---|
| 1229 NW 37th Place | Jul 2026 | $465,000 | 3/3 | 2,138 | $217 |
| 817 NW 38th Place | Aug 2026 | $445,000 | 3/2 | 1,810 | $246 |
| 1803 NW 38th Place | Aug 2026 | $550,000 | 3/3 | 2,012 | $273 |
| 721 NW 37th Avenue | Aug 2026 | $540,000 | 4/3 | 1,931 | $280 |
| 1020 NW 33RD Place | Jul 2026 | $489,000 | 3/2 | 1,824 | $268 |
| 3405 NW 8th Terrace | May 2026 | $452,000 | 3/2 | 1,810 | $250 |
| Average | 6 comps | $490,167 | $256 |
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 $11,000 (2.2%) from the original list price.
| May 20, 2026 | Price reducedfrom $510,000 | $499,000 |
| Mar 18, 2026 | Listed | $510,000 |
The good, the trade-offs & the location
- Built 2023 — post-2002 Florida wind codes (typically lower insurance)
- New construction
- 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.