$239,000
Waterfront Home for Sale in Cape Coral
4226 NW 40th Lane, Cape Coral, FL, 33993
About this home
Experience breathtaking long-water views from this oversized Gulf-access lot in NW Cape Coral! Spanning .33 acres, this prime homesite offers the perfect setting to design your dream estate, complete with room for a spacious home and a four-car garage. Enjoy the highly sought-after southern exposure from your pool and lanai, where you can soak up Florida sunshine year-round. Perfectly situated, this property is just minutes from Burnt Store Marina, Punta Gorda, and Matlacha, with easy access to Punta Gorda Airport and the highly anticipated Seven Islands Project. Nearby, Crystal Lake Park offers endless recreation with its sandy beach, aqua park, hilltop lookout, scuba diving area, shaded picnic spaces, fitness stations, children’s playground, and boat, kayak, and canoe launch. Don’t miss the chance to claim your piece of paradise in vibrant Southwest Florida—your waterfront dream begins here!
Property details
- Type
- Residential
- Year built
- Not specified
- Interior
- Not specified
- Lot size
- 14,374.8 sqft
- Acreage
- 0.33 acres
- Garage
- None
- Days on market
- 268
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $3,346/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- South
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- None
- Sewer
- None
- New construction
- No
- Pets
- Not specified
- 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.
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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 $20,000 (7.7%) from the original list price.
| Jan 14, 2026 | Price reducedfrom $259,000 | $239,000 |
| Oct 2, 2025 | Listed | $259,000 |
The good, the trade-offs & the location
- Gulf access (Direct — no bridges)
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
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.