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$599,900 -$25,000 (-4%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,405 Sq. Ft.
  • Updated 2 days ago
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Welcome home to Palm Paradise! This lovely southern rear exposure gulf access home is all about the indoor outdoor lifestyle & optimal functionality! When you walk in the front door, your eyes are immediately drawn to the large back patio & beautiful water views! This move in ready home is an open concept w/ crown molding, wood cabinetry, granite counters, stainless steel appliances & a modern tile backsplash. Newer roof, brand NEW smart Air conditioner, impact windows, new paint. The updated bathrooms have granite counters, wood cabinetry & a shiplap wall. The large glass sliders double your living space. A screened in patio is almost the full length of the home with plenty of seating sections, outdoor lighting, tropical decor, a large TV, & salt water heated pool. The perfect place to entertain family & friends and enjoy the warm weather. You are expected to host all birthdays, holidays, & football parties in this home. Dolphins & manatees have been seen from the dock, and plenty of fish to catch, with a cleaning station for your next catch of the day! The oversized garage is currently being used as a kids playroom with air conditioning! Another section is the laundry area, second refrigerator, wood cabinets, shelves, and a large space for garden supplies & tools. The second refrigerator helps on holidays when extra food is needed. No playroom needed? It is an easy conversion back to an oversized garage. The outside was freshened up with new tropical plants. This home is meticulously maintained and cleaned by professionals for years! Move in ready, relax poolside w/ friends & family. Take a boat ride to the Gulf of America, come home & wash your sandy toes in the outdoor shower near the large privacy plants! This home is a successful vacation home when not being used by the wonderful homeowners. This home is truly loved & it shows! No work needed here, ALL IS DONE! Assessments in and paid for in full!

Full Property Details for 138 SE 40th St

General

  • Price: $599,900
  • Taxes: (2024)
  • Status: Active
  • Type: Single Family
  • Source: Bonita_Springs
  • MLS ID: 2025005397
  • Updated: 4/15/2026
  • Added to Site: 239 day(s) ago

Interior

  • Interior Features: Split Bedrooms, Great Room, Built-In Cabinets, Entrance Foyer, Walk-In Closet(s)
  • Appliances: Electric Cooktop, Dishwasher, Dryer, Microwave, Refrigerator/Freezer, Self-Cleaning Oven, Warming Drawer, Washer
  • Furnishings: Negotiable
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Primary Bathroom: Shower Only

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Kitchen: Kitchen Island
  • Dining Room: Dining - Living, Eat-in Kitchen
  • Laundry: Washer/Dryer Hookup, In Garage

Additional Information

  • Shared Amenities: None, No Subdivision
  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: In Ground, Equipment Stays, Electric Heat, Salt Water, Screen Enclosure
  • Security/Safety: Smoke Detector(s), Smoke Detectors

Exterior

  • Exterior Features: Dock, Captain's Walk, Dock Included, Elec Avail at dock, Water Avail at Dock, Wooden Dock, Outdoor Shower, Automatic Sprinkler
  • Porch/Patio/Deck: Screened Lanai/Porch, Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Driveway Paved, Garage Door Opener, Attached

Location

  • Area: CC12 - Cape Coral Unit 7-15
  • County: Lee
  • Subdivision: CAPE CORAL
  • Building Name: CAPE CORAL
  • Driving Directions: From Cape Coral Pkwy, north on Santa Barbara, right on SE 40th Street, home is at the end of the cul-de-sac on the right side.
  • Direction Faces: North

School Information

  • Elementary School: SCHOOL CHOICE
  • Middle School: SCHOOL CHOICE
  • High School: SCHOOL CHOICE

Community

  • Assoc. Fees Include: None
  • Units Assoc/Comm: 1
  • Pets Allowed: Yes
  • Management Type: None

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Electric
  • Heating Type: Central Electric
  • Ceiling Fan(s): 5

Utilities

  • Sewer: Assessment Paid, Central
  • Water: Assessment Paid, Central
  • Cable Available: Yes
  • Utility Description: Cable Available

Structural Information

  • Architectural Style: Florida, Traditional
  • Description/Design: Single Family Residence
  • Exterior Const.: Concrete Block, Stucco
  • Roof: Shingle
  • Windows: Impact Resistant, Single Hung, Sliding, Impact Resistant Windows, Shutters - Manual, Window Coverings
  • Stories/Levels: 1
  • Stories in Building: 1
  • Square Feet: 1,405
  • Sq. Ft. Source: Property Appraiser Office
  • Living Area: 1,405 Sq. Ft.
  • Year Built: 1965

Lot Features

  • Property View: Canal, Intersecting Canal, Landscaped Area
  • Lot Size (Acres): 0.231
  • Lot Size (Sq. Ft.): 10,062
  • Lot Size Source: Property Appraiser Office
  • Lot Dimensions: 91 x 85 x 127 x 102
  • Frontage: Cul-De-Sac
  • Frontage Feet: 91
  • Street/Road Desc.: Paved
  • Irrigation System: Assessment Paid, Central
  • Lot Features: Cul-De-Sac
  • Zoning: R1-W
  • Lot Description: Cul-De-Sac

Water Features

  • Water Front: Yes
  • Gulf Access: Yes
  • Water Front Desc.: Canal Front, Seawall
  • Canal Width: None

Financial Considerations

  • Tax Year: 2024
  • Terms: Buyer Finance/Cash, FHA, VA Loan

Disclosures and Reports

  • Ownership: Single Family
  • Legal Description: CAPE CORAL UNIT 10 BLK 288 PB 13 PG 31 LOTS 19 + 20
  • Property ID: 12-45-23-C1-00288.0190
  • Section: 12
  • Block: 288
  • Lot Number: 19

Listed by SellState Excelsior Realty

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— 138 SE 40th St —

  • SellState Excelsior Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 138 SE 40th St

School District:Lee County School District, Fort Myers, FL
NameGradesDistance
Pelican Elementary School
3525 Southwest 3rd Avenue, Cape Coral, FL 33914
K-50.8 mi
Cape Elementary School
4519 Vincennes Boulevard, Cape Coral, FL 33904
K-51.6 mi
Gulf Elementary School
3400 Southwest 17th Place, Cape Coral, FL 33914
K-52.8 mi
Gulf Middle School, Cape Coral, FL
1809 Southwest 36th Terrace, Cape Coral, FL 33914
6-82.6 mi
Trafalgar Middle School
2120 Trafalgar Parkway, Cape Coral, FL 33991
6-84.1 mi
Cape Coral High School
2300 Santa Barbara Boulevard, Cape Coral, FL 33991
9-122.2 mi
Ida S. Baker High School
3500 Agualinda Boulevard, Cape Coral, FL 33914
9-122.8 mi
Mariner High School
701 Chiquita Boulevard North, Cape Coral, FL 33993
9-126.4 mi
North Fort Myers High School
5000 Orange Grove Boulevard, North Fort Myers, FL 33903
9-127 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 138 SE 40th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/15/2026
Price Reduced
$599,900
-4%
MLS
2/16/2026
Price Reduced
$624,900
-3.86%
MLS
9/12/2025
Price Reduced
$649,999
-2.26%
MLS
8/22/2025
Listed
$665,000
18.75%
MLS
12/16/2021
Sold
$560,000
—
Public Record
Get Price Alerts and Save Property
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 for 138 SE 40th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,302
-4%
$427,369
17%
2024
$6,533
-17%
$364,058
-18%
2023
$7,839
83%
$445,801
58%
2021
$4,289
-41%
$282,934
-33%
2022
$7,293
70%
$420,611
67%
2021
$4,289
-11%
$251,944
6%
2019
$4,801
7%
$237,397
10%
2018
$4,506
-6%
$216,410
-6%
2017
$4,815
72%
$229,322
40%
2016
$2,803
-37%
$163,425
-20%
2015
$4,477
59%
$205,294
28%
2014
$2,821
-14%
$161,001
10%
2013
$3,297
—
$146,910
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by SellState Excelsior Realty

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138 SE 40th St, Cape Coral, FL 33904 (MLS# 2025005397) is a Single Family property with 3 bedrooms and 2 full bathrooms. 138 SE 40th St is currently listed for $599,900 and was received on August 22, 2025. Want to learn more about 138 SE 40th St? Do you have questions about finding other Single Family 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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