4 Bed 3 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL
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SoldMLS# 225083170

$1,320,000

4 Bed 3 Bath Pool Waterfront SingleFamilyResidence for Sale in CAPE CORAL, FL

1534 NW 40th Place, Cape Coral, FL, 33993

4 beds3 baths2,663 sqft3 garage
BoatingWaterfront

About this home

This Direct Gulf access residence blends refined craftsmanship, modern coastal design, and exceptional structural integrity. Thoughtfully engineered with a slab approximately 100% stronger than industry standard, upgraded spray foam insulation, and PGT impact windows, this home was built to exceed expectations for quality and long-term durability. Positioned on a highly coveted southwest exposure lot, the home enjoys noon-to evening sunlight over the pool, warm winter sun, and exceptional natural light throughout. Zero-corner sliders open to create a seamless transition between the great room and the expansive lanai, capturing the essence of indoor-outdoor Florida living. The covered outdoor living area features a beautifully stained wood ceiling, spacious seating and dining areas, and overlooks a custom heated saltwater pool and raised spa with mosaic tile accents, sun shelf loungers, and wide waterfront views. Inside, the home offers elevated design at every turn. The great room showcases real cedar beams integrated into an architectural tray ceiling with LED lights showing off their charm, creating a warm and sophisticated focal point. A full custom fireplace wall with herringbone tile surround and wood mantle further anchors the space. The gourmet kitchen features two-tone custom cabinetry, a striking full-height accent hood, level 4 quartz surfaces, designer pendant lighting, built-in oven stack, oversized island with seating for six, and a dedicated glassware and serving station. The floor plan includes four spacious bedrooms, including a private junior suite, along with a dedicated office with abundant natural light. The primary suite offers a spa-quality bathroom with dual vanities, a freestanding soaking tub, and a large walk-through shower with 6 shower heads, wrapped in dramatic stone-look tile with custom recessed mosaic detailing. Additional features include a large walk-in pantry, an oversized three-car garage (extra depth for your truck), premium large format tile flooring throughout, and a professionally designed landscape package featuring mature palms, layered plantings, and stone beds for an established and polished exterior presence. With direct Gulf access, premium materials, exceptional craftsmanship, and a setting that embraces the best of Southwest Florida’s waterfront lifestyle, the Ordell stands out as a rare offering for discerning buyers seeking both beauty and longevity in a custom-built home.

Property details

Type
SingleFamilyResidence
Year built
2025
Interior
2,663 sqft
Lot size
11,630.52 sqft
Acreage
0.27 acres
Garage
3 car
Days on market
26
Total association fees
None
CDD
None
Est. taxes (1.4%)
$18,480/yr
Flood zone (area est.)
Yes · High risk (AE)
Storm protection
Impact Windows/Doors
Exposure
Southwest
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
Yes
Spa
Yes
Natural gas
No
Water
Well
Sewer
Septic Tank
New construction
Yes
Pets
Yes
County
Lee

Maintenance included in the fee

Other

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

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.

At marketThis home is priced in line with comparable recent sales.
This home
$496/sqft
Comp median
$483/sqft
Difference
+3%

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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
1418 NW 37th PlaceJul 2026$1,276,3505/32,748$464
1825 NW 37th AvenueFeb 2026$1,200,0003/42,485$483
1255 NW 35th AvenueDec 2025$1,200,0003/22,473$485
Average3 comps$1,225,450$477

Market trends — Cape Coral

Median list
$399,999
Median $/sqft
$234
Median sold (90d)
$384,900
Avg days on market
94
Active listings
2,509
Median sold price · Cape Coral
$382,000last 3 months7% vs $356,900 prior 3 months
Median closed price by month · Cape Coral
2.6% MoM11.3% YoY
$340k$368k$395kJul ’25Jul ’26
$395,000Jul ’26 · 316 sales

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 (3%) from the original list price.

Feb 23, 2026Sold$1,280,000
Dec 10, 2025Listed$1,320,000

The good, the trade-offs & the location

Pros
  • Built 2025 — post-2002 Florida wind codes (typically lower insurance)
  • New construction
  • Private pool
  • Waterfront
  • Storm protection: Impact Windows/Doors
  • 3-car garage
Consider
  • In a higher-risk flood zone (AE) — flood insurance likely required
Location convenienceHigh
Hospital
7.7 mi
Cape Coral Hospital
Beach
16.9 mi
Sanibel Island
Airport
13.7 mi
Page Field (Fort Myers)
Shopping
7.5 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities — approximate; actual drive times vary.

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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.