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$24,500
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Property Description
OPPORTUNITY KNOCKS IN NW CAPE CORAL! Here's your chance to secure a standard residential homesite in one of the most desirable and rapidly growing areas of Northwest Cape Coral. Located just off OLD BURNT STORE ROAD, this fully cleared lot sits among a collection of NEW AND NEWER HOMES, creating an attractive neighborhood setting where quality construction continues to shape the area's future. With new builds appearing throughout the surrounding streets, this is the kind of location buyers and builders are seeking when looking for a quiet residential setting with long-term upside. This property offers the flexibility to build now or hold as an investment while development continues to move steadily north and west in the Cape. Off-water lots like this remain one of the smartest ways to secure a foothold in Cape Coral without paying the premium price and higher taxes that waterfront properties command. Many local residents choose this strategy-owning an off-water home while keeping their boat on a trailer or at a nearby marina, allowing them to enjoy the same incredible waterways without the added carrying costs of waterfront ownership. Cape Coral is world famous for its more than 400 miles of canals and endless opportunities for boating, fishing and waterfront recreation. While a quarter of those canals lead directly to the Gulf of Mexico, the beauty of living in this part of the city is that you're just minutes from several public boat ramps and marinas that put you quickly into open water. From nearby BURNT STORE MARINA, boaters can easily reach CHARLOTTE HARBOR, BOCA GRANDE PASS, CAYO COSTA, CABBAGE KEY and the legendary fishing grounds of MATLACHA PASS. Anglers from around the world come to these waters in search of tarpon, snook and redfish. Beyond the water, NW Cape continues to attract buyers because of its relaxed pace, larger homesites and beautiful newer construction homes. The area is close to CORAL OAKS GOLF COURSE, local parks, schools, shopping, dining and everyday conveniences, while still maintaining the peaceful residential feel that so many people are seeking when they move to SW Florida. Another exciting factor for this location is its proximity to the future SEVEN ISLANDS PROJECT, a planned waterfront destination that is expected to bring restaurants, boutique shops, marinas, waterfront boardwalks, kayaking access and a variety of entertainment options to the Northwest Cape area. This large-scale redevelopment is designed to become a signature waterfront gathering place for residents and visitors alike, adding long-term value and vibrancy to the surrounding neighborhoods. Build your dream home, hold as a long-term investment, or secure a piece of Southwest Florida while prices remain favorable. Cape Coral continues to be recognized as one of the country's top destinations for waterfront lifestyle, affordability and quality of life. City notation of tortoise nest, buyer to verify and do their own due diligence. NO verbal offers.
Full Property Details
Full Property Details for 3923 NW 40th St
General
- Price: $24,500
- Taxes: (2025)
- Status: Active
- Type: Residential Lots
- Source: Bonita_Springs
- MLS ID: 2026011878
- Updated: 3/27/2026
- Added to Site: 27 day(s) ago
Additional Information
- Shared Amenities: None, Boating, Non-Gated
Location
- Area: CC43 - Cape Coral Unit 58, 59-61, 76,
- County: Lee
- Subdivision: CAPE CORAL
- Building Name: CAPE CORAL
- Driving Directions: Burnt Store Rd to Kismet Pkwy W, North on Old Burnt Store Rd to right on NW 40th Terrace, right on NW 40th Av, left on NW 40th St. Destination will be on the left.
- Direction Faces: South
Community
- Assoc. Fees Include: None
- Management Type: None
Utilities
- Sewer: None
- Water: None
- Utility Description: Trash Removal
Structural Information
- Description/Design: Residential Lot
- Current Bldg. Use: Single Family
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: 85 x 85 x 125 x 125
- Frontage: Public Road
- Frontage Feet: 85
- Street/Road Desc.: Paved
- Irrigation System: None
- Lot Features: Oversize, Cleared
- Trees/Vegetation: Grassed
- Zoning: R1-D
- Lot Description: Oversize, Cleared
Water Features
- Water Front Desc.: None
- Canal Width: None
- Boat Dock Slip: Yes
Financial Considerations
- Price Per Acre: $100,409
- Tax Year: 2025
- Terms: Buyer Finance/Cash
Disclosures and Reports
- Legal Description: CAPE CORAL UNIT 91 BLK 5504 PB 24 PG 92 LOTS 45 + 46
- Property ID: 18-43-23-C4-05504.0450
- Section: 18
- Block: 5504
- Lot Number: 45+46
Listed by Encore Realty Services Inc
Get Pre-Approved Today
Schools
Schools serving 3923 NW 40th St
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 | 8.1 mi |
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991 | K-5 | 8.6 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 | 7.7 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 9.6 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 3923 NW 40th St
Date
Details
Price
Change
Source
3/11/2026
Listed
$24,500
89.19%
MLS
11/09/2015
Sold
$12,950
—
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 3923 NW 40th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$234
-68%
$25,840
-5%
2024
$737
5%
$27,277
-10%
2023
$699
49%
$30,367
353%
2021
$469
-12%
$6,700
-54%
2022
$531
13%
$14,532
142%
2021
$469
3%
$6,000
-21%
2018
$455
11%
$7,623
4%
2017
$410
9%
$7,348
17%
2016
$376
-19%
$6,300
-25%
2019
$465
40%
$8,385
40%
2015
$331
22%
$6,000
10%
2014
$271
40%
$5,452
36%
2013
$194
—
$4,000
—
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 3923 NW 40th St
3923 NW 40th St, Cape Coral, FL 33993 (MLS# 2026011878) is a Residential Lots property with a lot size of 0.244 acres. 3923 NW 40th St is currently listed for $24,500 and was received on March 11, 2026. Want to learn more about 3923 NW 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.

