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$239,999
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Property Description
Seller reserves the right to accept an offer prior to the deadline. Rare opportunity to secure a waterfront lot in one of Cape Coral's fastest-growing areas, where continued residential expansion and new commercial development are contributing to strong demand and ongoing growth. Priced aggressively, this freshwater canal property offers exceptional upside for investors, builders, or buyers looking to secure land in a market experiencing significant population growth and continued development across Southwest Florida. Situated on a quiet residential street in Northwest Cape Coral, the property is surrounded by established homes and steady new construction throughout the neighborhood. The lot offers direct freshwater canal frontage, creating a peaceful setting with beautiful water views and an excellent opportunity to design and build a custom home centered around outdoor living and the Southwest Florida waterfront lifestyle. Cape Coral continues to attract buyers from across the country due to its affordable waterfront living, warm year-round climate, favorable tax environment, and proximity to Fort Myers, Gulf beaches, boating, fishing, and outdoor recreation. With strong migration into Southwest Florida and continued development throughout the city, the area remains highly desirable for both homeowners and investors. Several infrastructure improvements and expanding commercial corridors are helping support this growth. Ongoing development across the region is bringing additional retail, restaurants, services, and employment opportunities, while continued residential construction throughout Northwest Cape Coral highlights the area's strong demand for new housing. With no HOA and no rental restrictions (buyer to verify), this property offers maximum flexibility whether you're planning to build a personal residence, construct a spec home, or hold as a long-term investment while the surrounding area continues to develop. Waterfront lots with canal access, strong growth fundamentals, and aggressive pricing are becoming increasingly difficult to find in Cape Coral. Whether you're a builder, investor, or future homeowner looking to secure property in one of Southwest Florida's most active growth markets, this property presents a compelling opportunity with strong long-term potential. Seller is requesting highest and best offers by 04/10/2026. Priced aggressively - serious buyers should act quickly.
Full Property Details
Full Property Details for 1331 NW 40th Pl
General
- Price: $239,999
- Taxes: $3,084 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: TB8484678
- Updated: 3/25/2026
- Added to Site: 22 day(s) ago
Location
- Area: 33993 - Cape Coral
- County: Lee
- Development Name: 33993 - Cape Coral
- Subdivision: CAPE CORAL
- Driving Directions: Take I-75 N and Burnt Store Rd to NW 12th St in Cape Coral Take NW 40th Pl to your destination
Community
- Community Name: 33993 - Cape Coral
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Other, Public, Sprinkler Well, Underground Utilities, Water Available
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 0.31
- Lot Size (Sq. Ft.): 13,547
- Lot Size: 13547
- Lot Dimensions: 48 × 113 × 190 × 97
- Street/Road Desc.: Asphalt
Financial Considerations
- Price Per Acre: $774,190
- Tax Amount: $3,084
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: CAPE CORAL UNIT 81 BLK 5228 PB 24 PG 110 LOT 57
- Flood Zone Info: X500
- APN: 014422C205228.0570
- Property ID: 014422C205228.0570
- Block/Lot/Section: 5228
Listed by Richard Peters Realty Llc
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Schools
Schools serving 1331 NW 40th Pl
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Trafalgar Elementary School 1850 Southwest 20th Avenue, Cape Coral, FL 33991 | K-5 | 4.8 mi |
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993 | K-5 | 5.2 mi |
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991 | K-5 | 5.7 mi |
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993 | 6-8 | 3.3 mi |
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 5.7 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 3.3 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 6.7 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 6.8 mi |
Skyline Elementary School 620 Southwest 19th Street, Cape Coral, FL 33991 | K-5 | 6 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 1331 NW 40th Pl
Date
Details
Price
Change
Source
3/25/2026
Price Reduced
$239,999
-7.69%
MLS
3/10/2026
Listed
$259,999
465.22%
MLS
3/30/2012
Sold
$46,000
—
Public Record
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 1331 NW 40th Pl
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,084
-13%
$211,565
-38%
2024
$3,564
11%
$339,186
17%
2023
$3,197
64%
$289,402
228%
2021
$1,948
-22%
$88,350
-54%
2022
$2,512
29%
$193,800
140%
2021
$1,948
5%
$80,750
—
2018
$1,854
-3%
$80,750
-8%
2017
$1,914
11%
$88,018
19%
2016
$1,722
—
$74,100
—
2015
$1,717
-4%
$74,100
-22%
2014
$1,791
-2%
$95,000
18%
2019
$1,819
30%
$80,750
34%
2013
$1,404
—
$60,100
—
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 1331 NW 40th Pl
1331 NW 40th Place, Cape Coral, FL 33993 (MLS# TB8484678) is a Lots/Land property with a lot size of 0.31 acres. 1331 NW 40th Place is currently listed for $239,999 and was received on March 10, 2026. Want to learn more about 1331 NW 40th Place? Do you have questions about finding other Lots/Land 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.

