3907 NW 40th Ter, Cape Coral, FL 33993 - Photo 1

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$39,900

For Sale
Active
Lots/Land
0.23 Acres

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Property Description

Great opportunity to own a residential lot in the growing NW Cape Coral area! This approximately 0.23-acre lot offers the perfect setting to build your dream home, investment property, or future Florida retreat. Enjoy a quiet residential neighborhood with plenty of new construction nearby and convenient access to shopping, dining, schools, parks, boating, and all that Southwest Florida has to offer. Whether you're ready to build now or looking for a long-term investment, this property is a great opportunity to secure your piece of Cape Coral.

Full Property Details

Full Property Details for 3907 NW 40th Terrace

General

Price: $39,900
Taxes: (2025)
Status: Active
Type: Lots/Land
Source: Bonita_Springs
MLS ID: 2026041250
Updated: 9/30/2026
Added to Site: 17 day(s) ago

Additional Information

Shared Amenities: Non-Gated

Location

Area: CC43 - Cape Coral Unit 58, 59-61, 76,
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Direction Faces: South

Community

Assoc. Fees Include: None

Utilities

Sewer: Septic Tank
Water: Well
Utility Description: None

Structural Information

Description/Design: Unimproved Land
Current Bldg. Use: Single Family

Lot Features

Property View: Trees/Woods
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
Irrigation System: Well
Lot Features: Regular
Zoning: R1-D
Lot Description: Regular

Water Features

Water Front Desc.: None
Canal Width: None

Financial Considerations

Price Per Acre: $173,478
Tax Year: 2025
Terms: Cash

Disclosures and Reports

Legal Description: CAPE CORAL UNIT 91 BLK 5503 PB 24 PG 92 LOTS 37 + 38
Property ID: 18-43-23-C4-05503.0370
Section: 18
Block: 5503
Lot Number: 37

Listed by First Choice RE & Construction

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Schools

Schools serving 3907 NW 40th Terrace

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

Name	Grades	Distance
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993	K-5	7.1 mi
Trafalgar Elementary School 1850 Southwest 20th Avenue, Cape Coral, FL 33991	K-5	8.2 mi
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991	K-5	8.7 mi
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993	6-8	5.7 mi
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991	6-8	8.6 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	5.5 mi
Island Coast High School 2125 De Navarra Parkway, Cape Coral, FL 33909	9-12	7.6 mi
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991	9-12	9.7 mi
Skyline Elementary School 620 Southwest 19th Street, Cape Coral, FL 33991	K-5	8.9 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 3907 NW 40th Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/30/2026

Listed

$39,900

121.67%

MLS

7/19/2021

Sold

$18,000

—

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

Tax History for 3907 NW 40th Terrace

Year

Property Taxes

Change

Tax Assessment

Change

2025

$911

—

$21,276

10%

2025

$911

12%

$19,342

-25%

2024

$814

$25,733

-15%

2023

$778

67%

$30,367

353%

2021

$466

-22%

$6,700

-54%

2022

$601

29%

$14,532

142%

2021

$466

-1%

$6,000

-35%

2018

$472

—

$9,300

—

2019

$473

21%

$9,300

29%

2017

$391

$7,187

14%

2016

$359

$6,300

2015

$329

-1%

$6,000

10%

2014

$331

73%

$5,452

40%

2013

$191

—

$3,900

—

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.

Estimate the Cost

Estimate the Cost for 3907 NW 40th Terrace

3907 NW 40th Ter, Cape Coral, FL 33993 (MLS# 2026041250) is a Lots/Land property with a lot size of 0.23 acres. 3907 NW 40th Ter is currently listed for $39,900 and was received on September 30, 2026. Want to learn more about 3907 NW 40th Ter? 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.

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3907 NW 40th Terrace Cape Coral, FL 33993