NEW CONSTRUCTION
$10K PRICE DROP
1140 SW 40th Terrace Cape Coral, FL 33914
Pelican NeighborhoodEstimated payment $3,691/month
Total Views
1,078
4
Beds
3
Baths
1,931
Sq Ft
$340
Price per Sq Ft
Highlights
- New Construction
- In Ground Pool
- No HOA
- Cape Elementary School Rated A-
- Florida Architecture
- 3 Car Attached Garage
About This Home
Welcome to your dream home in beautiful Cape Coral! This stunning new construction offers 4 spacious bedrooms, 3 full bathrooms, and a rare 3-car garage—perfect for families or anyone who loves extra space. Inside, you’ll find elegant walk-in closets, a sleek modern kitchen, and your very own built-in bar—ideal for entertaining guests or unwinding after a long day. The open-concept layout flows seamlessly to your private pool area, creating the ultimate Florida lifestyle. Located in one of Cape Coral’s most desirable neighborhoods, this home comes with full city utilities (water, sewer, and irrigation). Don’t miss the opportunity to own this luxurious, move-in ready oasis!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,420
Year Built
- Built in 2025 | New Construction
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 81 x 23 x 23 x 23
- South Facing Home
- Rectangular Lot
- Property is zoned R1-D
Parking
- 3 Car Attached Garage
- Garage Door Opener
Home Design
- Florida Architecture
- Shingle Roof
- Stucco
Interior Spaces
- 1,931 Sq Ft Home
- 1-Story Property
- Bar
- Ceiling Fan
- Combination Dining and Living Room
- Tile Flooring
Kitchen
- Built-In Oven
- Electric Cooktop
- Microwave
- Freezer
- Dishwasher
- Wine Cooler
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Bathtub
- Separate Shower
Laundry
- Dryer
- Washer
Home Security
- Impact Glass
- High Impact Door
- Fire and Smoke Detector
Outdoor Features
- In Ground Pool
- Patio
- Outdoor Grill
Schools
- Gulf Elementary School
- Gulf Mi8ddle Middle School
- Ida S Baker High School
Utilities
- Central Heating and Cooling System
- Sewer Assessments
Community Details
- No Home Owners Association
- Cape Coral Subdivision
Listing and Financial Details
- Legal Lot and Block 9 / 3319
- Assessor Parcel Number 10-45-23-C1-03319.0090
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,420 | $43,923 | -- | -- |
| 2023 | $2,251 | $39,930 | $0 | $0 |
| 2022 | $1,945 | $36,300 | $0 | $0 |
| 2021 | $1,924 | $37,000 | $37,000 | $0 |
| 2020 | $1,712 | $30,000 | $30,000 | $0 |
| 2019 | $1,650 | $30,000 | $30,000 | $0 |
| 2018 | $1,599 | $25,000 | $25,000 | $0 |
| 2017 | $1,405 | $27,778 | $27,778 | $0 |
| 2016 | $1,374 | $20,000 | $20,000 | $0 |
| 2015 | $1,312 | $15,200 | $15,200 | $0 |
| 2014 | $1,308 | $13,800 | $13,800 | $0 |
| 2013 | -- | $11,500 | $11,500 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | Pending | -- | -- | -- |
| 08/08/2025 08/08/25 | For Sale | $657,000 | 0.0% | $340 / Sq Ft |
| 06/18/2025 06/18/25 | Price Changed | $657,000 | -1.5% | $340 / Sq Ft |
| 06/13/2025 06/13/25 | For Sale | $667,000 | +641.1% | $345 / Sq Ft |
| 03/20/2024 03/20/24 | Sold | $90,000 | -4.8% | -- |
| 03/06/2024 03/06/24 | Pending | -- | -- | -- |
| 03/01/2024 03/01/24 | For Sale | $94,500 | -- | -- |
Source: Florida Gulf Coast Multiple Listing Service
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $90,000 | Sunbelt Title | |
| Warranty Deed | $20,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $402,736 | Construction |
Source: Public Records
Similar Homes in Cape Coral, FL
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 225055870
APN: 10-45-23-C1-03319.0090
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved
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