1506 NW 40th Place Cape Coral, FL $ 1,225,000
1506 NW 40th Place
$ 1,225,000
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1506 NW 40th Place

Cape Coral, FL, 33993
$ 1,225,000
Bedrooms4 Baths3.0 Sq 2,887

Monthly Estimate*

$ 7,543

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Single Family Home for sale in Cape Coral, FL

for $1,225,000 with 4 bedrooms and 3 full baths. This 2,887 square foot home was built in 2020 on a lot size of 0.23.

Welcome to 1506 NW 40th Place, a waterfront residence featuring the custom Marsala floor plan by Frey & Son Homes, ideally positioned on a direct sailboat-access canal with no bridges in Cape Coral. The inspection has been completed, with all items fully addressed, making this home truly move-in ready. The home does not currently have a dock; however, the seller is offering a credit at closing with an acceptable offer, allowing the next owner to design and build a private dock tailored to their lifestyle. Offering nearly 4,000 total square feet, this 4-bedroom, 3-full-bath home includes an oversized garage, a dedicated full pool bath, and a custom saltwater heated pool and spa designed for effortless indoor–outdoor living. The outdoor kitchen space is already plumbed and ready for installation, allowing for easy customization. The home is centered around an expansive statement island and a sleek, modern layout, highlighted by hidden in-cabinet kitchen outlets that maintain clean lines throughout. Notable upgrades include a new full-home reverse osmosis system, one large electric roll-down screen for shaded outdoor comfort, and a full-home Generac generator powered by a 240-gallon propane tank for added reliability and peace of mind. The primary suite features an electric shade providing adjustable light control and privacy, adding another layer of comfort and convenience. Set along an approximately 200-foot-wide canal, the property offers expansive water views and seamless boating access. Located within walking distance of the new Tropicana Park, soon to feature a beach, kayak launch, playground, green space, and additional recreational amenities. A polished, thoughtfully upgraded waterfront home in one of Cape Coral’s most desirable locations.

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Single Family Active

Price

$ 1,225,000

Bedrooms

4

Full Bath

3

Property Type

Single Family

Taxes

$ 9,135

Style

Ranch, One Story

Lot Size

0.23

Year Built

2020

Town/City

Cape Coral

County/Region

Lee

MLS | Web ID

2026000840

Features
General
Sewer Septic Tank
Heating Central Electric
Cooling Central Air Ceiling Fan(s) Electric
Utilities Cable Available High Speed Internet Available
Possession Close Of Escrow
Roof Shingle
Appliances Built-In Oven Double Oven Dryer Dishwasher Electric Cooktop Freezer Disposal Microwave Refrigerator Water Purifier Washer
HOA Fee 0
Garage Spaces 3
Association Fee Includes None
Patio/Porch Features Lanai Open Porch Screened
Architectural Style Ranch One Story
Pool Features Concrete Electric Heat Heated In Ground Pool Equipment Salt Water Pool/Spa Combo
Security Features Security System Owned Burglar Alarm (Monitored) Security System Key Card Entry Smoke Detector(s)
Construction Materials Block Concrete Stucco
Pets Allowed Yes
Year Built 2020
View Canal
Stories Count 1
Property Subtype Single Family Residence
Tax Year 2024
Ownership Single Family
Waterfront Features Canal Access Navigable Water Seawall
Community Features Non-Gated None
HOA Fee 2 0
County Lee
Property Type Residential
Association Amenities None
HOA false
Attached Garage true
Subdivision Name CAPE CORAL
Facing Direction East
Garage Y/N true
Total Rooms 10
Full Baths 3
Status Active
City Cape Coral
Disclosures Owner Has Flood Insurance RV Restriction(s) Seller Disclosure
Land Lease Amount 0
Senior Community Y/N false
Zoning Description R1
MLS Area CC43 - Cape Coral Unit 58 59-61 76
Lot Size Units Acres
Carport Spaces 0
Carport Y/N false
Spa Features Electric Heat Gunite In Ground
Tax Annual Amount 9135.84
Property Condition Resale
Virtual Tour https://dl.dropboxusercontent.com/scl/fi/wi9zfyyvay5nrzet17ekz/1506-NW-40th-Pl-Cape-Coral-FL-33993-USA-UB.mp4?rlkey=dmj7r9qic7qb6wllchdbwvfho&raw=1 https://www.zillow.com/view-imx/2fc7ad0b-a4dd-426a-81a1-b547fe62da36?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Standard Status Active
Tax Lot 17
Property Sub Type Additional Single Family Residence
Legal Description CAPE CORAL UNIT 81 BLK 5213 PB 24 PG 112 LOTS 17 + 18
HOA Fee 3 0
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Interior
Interior Amenities Attic Bedroom on Main Level Bathtub Coffered Ceiling(s) Dual Sinks Eat-in Kitchen Family/Dining Room French Door(s)/Atrium Door(s) Kitchen Island Living/Dining Room Multiple Shower Heads Custom Mirrors Main Level Primary Pantry Pull Down Attic Stairs Separate Shower Walk-In Closet(s) Split Bedrooms
Flooring Concrete
Furnished Y/N Negotiable
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Window Features Impact Glass
Half Baths 0
Laundry Features Inside Laundry Tub
Total Bedrooms 4
Room Type Bathroom Den Guest Quarters Screened Porch Great Room
Total Baths 3
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Exterior
Exterior Amenities Security/High Impact Doors Sprinkler/Irrigation
Parking Features Attached Driveway Garage Golf Cart Garage Paved Two Spaces Garage Door Opener
Lot Features Rectangular Lot Sprinklers Automatic
Lot Size Area 0.23
Spa true
Building Area Total 3676
Lot Dimensions 80 x 125 x 80 x 125
Lot Size Acres 0.23
Road Surface Type Paved
Private Pool true
Lot Size Source Appraiser
Waterfront Y/N true
Covered Spaces 3
Door Features French Doors Sliding Doors
Other Equipment Generator Reverse Osmosis System
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Ariel Burnham

Listing Agent

Compass Florida, Llc

Broker

Ariel.Burnham@compass.com

Email

Affordability Calculator

$8,304
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,543
Monthly Property Taxes
$761
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/22/2026$1,225,000 -2.00% Price Down
2/20/2026$1,250,000 Listed Price

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1506 NW 40th Place, Cape Coral, FL, 33993 is a Single Family Home for sale at $1,225,000 with 2,887 sqft and a lot size of 0.23. 1506 NW 40th Place has 4 bedrooms, 3.0 baths, and was built in 2020. The property's zip code is 33993 which is in Cape Coral, FL