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$250,000 -$19,000 (-7.06%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,180 Sq. Ft.
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Built in 2023, this modern Cape Coral residence offers contemporary design and open-concept living in a desirable Northwest location. The home features a spacious great room layout, well-sized bedrooms, and a kitchen appointed with granite countertops, stainless steel appliances, and breakfast bar seating. Impact windows and doors provide added durability and natural light throughout the interior. Situated on a dry lot with no HOA restrictions and a two-car garage, this property offers flexibility for both owner-occupants and investors seeking newer construction at an attractive value. Conveniently located near shopping, dining, parks, and major roadways, with easy access to Pine Island Road and surrounding amenities. The home may require repairs and/or updates, and buyers should conduct their own inspections to determine condition. Agents: Please review all private remarks prior to scheduling a showing.

Full Property Details for 3918 NW 40th Terrace

General

  • Price: $250,000
  • Taxes: (2025)
  • Status: Active
  • Type: Single Family
  • Source: Bonita_Springs
  • MLS ID: 226008650
  • Updated: 3/18/2026
  • Added to Site: 50 day(s) ago

Interior

  • Number of Rooms: 7
  • Interior Features: Great Room, Built-In Cabinets, Wired for Data, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances: Water Softener, Dishwasher, Microwave, Range, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Primary Bathroom: Combo Tub And Shower

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Dining Room: Dining - Family
  • Laundry: Inside

Additional Information

  • Shared Amenities: None, No Subdivision
  • Security/Safety: Smoke Detectors

Exterior

  • Exterior Features: Room for Pool
  • Porch/Patio/Deck: Open Porch/Lanai, Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Garage Door Opener, Attached

Location

  • Area: CC43 - Cape Coral Unit 58, 59-61, 76,
  • County: Lee
  • Subdivision: CAPE CORAL
  • Building Name: CAPE CORAL
  • Driving Directions: North on Old Burnt Store RD N. to North West 40th Ter. Right pass 40th Ave
  • Direction Faces: North

Community

  • Assoc. Fees Include: None, Street Lights, Trash
  • 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

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Cable Available: Yes
  • Utility Description: Cable Available

Structural Information

  • Description/Design: Single Family Residence
  • Exterior Const.: Concrete Block, Stucco
  • Roof: Shingle
  • Windows: Impact Resistant, Impact Resistant Windows, Window Coverings
  • Doors: Impact Resistant Doors
  • Entry Floor Number: 1
  • Stories/Levels: 1
  • Stories in Building: 1
  • Square Feet: 1,180
  • Sq. Ft. Source: Property Appraiser Office
  • Living Area: 1,180 Sq. Ft.
  • Year Built: 2023

Lot Features

  • Property View: Landscaped Area
  • Lot Size (Acres): 0.244
  • Lot Size (Sq. Ft.): 10,628
  • Lot Size Source: Property Appraiser Office
  • Lot Dimensions: 125 x 80 x 80 x 125
  • Frontage Feet: 125
  • Irrigation System: Well
  • Lot Features: Regular
  • Zoning: R1
  • Lot Description: Regular

Water Features

  • Water Front Desc.: None
  • Canal Width: None

Financial Considerations

  • Tax Year: 2025
  • Terms: Buyer Finance/Cash, Cash, FHA, None/Other, VA Loan

Disclosures and Reports

  • Ownership: Single Family
  • Special Conditions: Short Sale
  • Legal Description: CAPE CORAL UNIT 91 BLK 5504 PB 24 PG 92 LOTS 5 + 6
  • Property ID: 18-43-23-C4-05504.0050
  • Section: 18
  • Block: 5504
  • Lot Number: 5

Listed by Keller Williams Elite Realty

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— 3918 NW 40th Terrace —

  • Keller Williams Elite 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 3918 NW 40th Terrace

School District:Lee County School District, Fort Myers, FL
NameGradesDistance
Hector A. Cafferata Jr Elementary School
250 Santa Barbara Boulevard North, Cape Coral, FL 33993
K-57.1 mi
Trafalgar Elementary School
1850 Southwest 20th Avenue, Cape Coral, FL 33991
K-58.2 mi
Patriot Elementary School
711 Southwest 18th Street, Cape Coral, FL 33991
K-58.7 mi
Mariner Middle School
425 Chiquita Boulevard North, Cape Coral, FL 33993
6-85.7 mi
Challenger Middle School, Cape Coral, FL
624 Trafalgar Parkway, Cape Coral, FL 33991
6-88.6 mi
Mariner High School
701 Chiquita Boulevard North, Cape Coral, FL 33993
9-125.5 mi
Island Coast High School
2125 De Navarra Parkway, Cape Coral, FL 33909
9-127.7 mi
Cape Coral High School
2300 Santa Barbara Boulevard, Cape Coral, FL 33991
9-129.6 mi
Skyline Elementary School
620 Southwest 19th Street, Cape Coral, FL 33991
K-58.9 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 3918 NW 40th Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/18/2026
Price Reduced
$250,000
-7.06%
MLS
2/27/2026
Listed
$269,000
-14.33%
MLS
9/16/2024
Sold
$314,000
—
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 3918 NW 40th Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,206
-15%
$247,265
-10%
2024
$4,974
706%
$275,292
807%
2023
$617
31%
$30,367
353%
2021
$471
-11%
$6,700
-54%
2022
$532
13%
$14,532
142%
2021
$471
5%
$6,000
-12%
2019
$447
2%
$6,822
10%
2018
$438
11%
$6,202
-16%
2017
$395
9%
$7,348
17%
2016
$361
9%
$6,300
5%
2015
$331
-1%
$6,000
10%
2014
$333
72%
$5,452
36%
2013
$194
—
$4,000
—
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 Keller Williams Elite Realty

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3918 NW 40th Ter, Cape Coral, FL 33993 (MLS# 226008650) is a Single Family property with 3 bedrooms and 2 full bathrooms. 3918 NW 40th Ter is currently listed for $250,000 and was received on February 27, 2026. Want to learn more about 3918 NW 40th Ter? 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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