3923 NW 40th Street
Cape Coral, FL, 33993 $ 24,500
Baths0.0 Monthly Estimate*
$ 151
Studio for $24,500. The lot size is 0.244.
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, but to verify and do their own due diligence. NO verbal offers.
See more
FeaturesGeneralSewer None
Utilities Trash Collection Sewer Not Available Water Not Available
Possession Close Of Escrow
HOA Fee 0
Association Fee Includes None
View Landscaped
Property Subtype Residential
Tax Year 2025
Current Use Single Family
Waterfront Features None
Community Features Boat Facilities Non-Gated
HOA Fee 2 0
County Lee
Property Type Land
Association Amenities None
Subdivision Name CAPE CORAL
Facing Direction South
Status Active
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.
City Cape Coral
Disclosures RV Restriction(s)
Land Lease Amount 0
Senior Community Y/N false
Zoning Description R1-D
MLS Area CC43 - Cape Coral Unit 58 59-61 76
Lot Size Units Acres
Tax Annual Amount 818.12
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2026011878
Standard Status Active
Tax Lot 45+46
Property Sub Type Additional Residential Unimproved Land
Legal Description CAPE CORAL UNIT 91 BLK 5504 PB 24 PG 92 LOTS 45 + 46
HOA Fee 3 0
See more
ExteriorVegetation Grassed
Lot Features Cleared Oversized Lot
Water Source None
Lot Size Area 0.244
Lot Dimensions 85 x 125 x 85 x 125
Lot Size Acres 0.244
Road Surface Type Paved
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 0
Road Responsibility Public Maintained Road
See more
* Excluded FeaturesList ByPaula HellenbrandListing Agent
Encore Realty Services IncBroker
paula@encorerealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $151
- Monthly Property Taxes
- $68
- 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.
Learn more about how to save NearbyLots and land listings in Cape Coral, FL
Average List Price $148,888
Percent of Sale Price 508%
About Cape Coral, FL 184,744 Population
76% Since 2002
$ 54,021 Median Income
44.67 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/12/2026 | $24,500 | | Listed Price |