$55,000
Waterfront Home for Sale in Cape Coral
1246 NE 40th Street, Cape Coral, FL, 33909
About this home
Imagine building your dream home along the peaceful freshwater waters of Gator Slough. This cleared waterfront lot is located in highly desirable North Cape Coral and offers a wonderful opportunity to enjoy a beautiful natural setting while still being conveniently close to everything Cape Coral has to offer. With desirable southern rear exposure, you can enjoy your waterfront setting while taking in the natural beauty that makes Southwest Florida so special. The canal offers opportunities for kayaking, boating, fishing, and enjoying the peaceful surroundings. Located in Flood Zone X, this property is surrounded by new construction and ongoing development, making North Cape Coral an exciting area to build and invest. Shopping, dining, entertainment, parks, and major roadways are all conveniently nearby. Looking for even more space? The adjacent lot is also available for purchase, creating a fantastic opportunity for a buyer who would like to own both lots and enjoy an even larger homesite or investment opportunity. Cleared, waterfront, freshwater, southern rear exposure, and ideally located in North Cape Coral, your dream home starts here.
Property details
- Type
- Residential
- Year built
- Not specified
- Interior
- Not specified
- Lot size
- 10,018.8 sqft
- Acreage
- 0.23 acres
- Garage
- None
- Days on market
- 0
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $770/yr
- Flood zone (area est.)
- No · Low risk (X)
- 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.
The good, the trade-offs & the location
- Lower flood risk (zone X)
- Gulf access (Direct — no bridges)
- 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.
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.