1246 NE 40th St, Cape Coral, FL 33909 - Photo 1

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$55,000 Just Listed

For Sale
Active
Residential Lots
0.23 Acres
Updated 1 day ago

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Property Description

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.

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Full Property Details

Full Property Details for 1246 NE 40th St

General

Price: $55,000
Taxes: (2025)
Status: Active
Type: Residential Lots
Source: Bonita_Springs
MLS ID: 2026037477
Updated: 9/4/2026
Added to Site: 2 day(s) ago

Additional Information

Shared Amenities: No Subdivision

Location

Area: CC32 - Cape Coral Unit 84-88
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Direction Faces: North

Community

Assoc. Fees Include: None

Utilities

Sewer: None
Water: None
Utility Description: None

Structural Information

Description/Design: Residential Lot
Current Bldg. Use: Single Family

Lot Features

Property View: Canal
Lot Size (Acres): 0.23
Lot Size (Sq. Ft.): 10,018
Lot Size Source: Property Appraiser Office
Lot Dimensions: 80 x 80 x 125 x 125
Frontage Feet: 80
Street/Road Desc.: Paved
Road Maintenance: County Maintained
Irrigation System: None
Lot Features: Regular
Zoning: R1-W
Lot Description: Regular

Water Features

Water Front: Yes
Water Front Desc.: Canal Front, Freshwater, Navigable Water
Canal Width: Canal Width 151-200

Financial Considerations

Price Per Acre: $239,130
Tax Year: 2025
Terms: Buyer Finance/Cash

Disclosures and Reports

Legal Description: CAPE CORAL UNIT 87 BLK.5712 PB 24 PG 76 LOTS 3 + 4
Property ID: 18-43-24-C3-05712.0030
Section: 18
Block: 5712
Lot Number: 3

Listed by Weichert Realtors Agency ONE

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Schools

Schools serving 1246 NE 40th St

School District:Lee County School District, Fort Myers, FL

Name	Grades	Distance
Dr Carrie D Robinson Littleton Elementary School 700 Hutto Road, North Fort Myers, FL 33903	K-5	3.1 mi
Diplomat Elementary School 1115 Northeast 16th Terrace, Cape Coral, FL 33909	K-5	3.2 mi
North Fort Myers Academy For The Arts 1856 Arts Way, North Fort Myers, FL 33917	6-8	4.2 mi
Diplomat Middle School 1039 Northeast 16th Terrace, Cape Coral, FL 33909	6-8	3.2 mi
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990	6-8	6.1 mi
Island Coast High School 2125 De Navarra Parkway, Cape Coral, FL 33909	9-12	1 mi
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903	9-12	5.3 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	5.9 mi
Tropic Isles Elementary School 5145 Orange Grove Boulevard, North Fort Myers, FL 33903	K-5	5 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1246 NE 40th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/04/2026

Listed

$55,000

900%

MLS

2/26/2002

Sold

$5,500

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1246 NE 40th St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$919

—

$15,301

10%

2025

$919

14%

$13,910

-59%

2024

$809

$33,718

2023

$749

45%

$33,090

248%

2021

$518

-13%

$9,500

-55%

2022

$598

15%

$20,900

127%

2021

$518

-3%

$9,200

-25%

2018

$536

$12,241

—

2017

$492

-6%

$12,274

2019

$524

12%

$12,000

-8%

2016

$467

$13,000

-19%

2015

$458

24%

$16,000

38%

2014

$369

37%

$11,600

53%

2013

$269

—

$7,600

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 1246 NE 40th St

1246 NE 40th St, Cape Coral, FL 33909 (MLS# 2026037477) is a Residential Lots property with a lot size of 0.23 acres. 1246 NE 40th St is currently listed for $55,000 and was received on September 04, 2026. Want to learn more about 1246 NE 40th St? Do you have questions about finding other Residential Lots real estate for sale in Cape Coral? You can browse all Cape Coral real estate or contact a Coldwell Banker agent to request more information.

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1246 NE 40th St Cape Coral, FL 33909