PENDING
$30K PRICE DROP
1903 SE 40th Terrace Unit 104 Cape Coral, FL 33904
Caloosahatchee NeighborhoodEstimated payment $5,099/month
Total Views
3,754
4
Beds
3
Baths
2,305
Sq Ft
$308
Price per Sq Ft
Highlights
- Private Dock
- Boat Lift
- Fish Cleaning Station
- Cape Elementary School Rated A-
- Penthouse
- River Front
About This Home
A piece of paradise! This gorgeous 2 story penthouse is a rare gem to find in cape coral. Great for the avid boater, fisherman, or just for you to enjoy luxury maintenance free living. This exquisite waterfront residence offers an unparalleled living with Direct Gulf Access, just 100 yards from the river. Breathtaking views through 23-foot floor-to-ceiling impact-resistant windows that frame two 200-foot intersecting canals right in your backyard. Endless entertainment from your private screened in balcony. Relax and watch dolphins play, manatees graze, boats cruising by chasing the beautiful Florida sunsets. Every inch of this home was tastefully remodeled over the years. The oversized kitchen is a culinary masterpiece, adorned with quartz countertops, designer tile, and premium soft close cabinetry, seamlessly flowing into a sophisticated breakfast bar. The residence is graced with a host of luxurious amenities, including a handmade 23ft tall natural stone fireplace, luxury vinal flooring, wet bar, custom floor-to-ceiling drapes, remote shades, illuminated captains walk and fishing pier. The community offers a heated pool with serene canal views, fishing pier, and for boating enthusiasts, a deeded boat lift awaits, along with your personal private garage, plus an abundance of guest parking. Enjoy a leisurely lifestyle with boating facilities that complement this unique offering. Experience Cape Coral's finest living in a home that is truly one-of-a-kind in an exceptional location for a vibrant lifestyle, 1 mile to downtown cape coral loaded with local restaurants, annual festivities and city-organized events. Motivated sellers with financing available at 4.75% interest.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,342
Year Built
- Built in 1981
Lot Details
- River Front
- Home fronts a canal
- North Facing Home
HOA Fees
- $868 Monthly HOA Fees
Parking
- 1 Parking Garage Space
- Automatic Garage Door Opener
- Guest Parking
- Deeded Parking
Home Design
- Penthouse
- Concrete Block With Brick
- Metal Roof
- Stucco
Interior Spaces
- 2,305 Sq Ft Home
- 2-Story Property
- Custom Mirrors
- Vaulted Ceiling
- Corner Fireplace
- French Doors
- Great Room
- Formal Dining Room
- Loft
- Screened Porch
- Storage
- Laundry Room
- Canal Views
Kitchen
- Breakfast Bar
- Microwave
- Dishwasher
- Kitchen Island
- Built-In or Custom Kitchen Cabinets
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Double Master Bedroom
- Split Bedroom Floorplan
- 3 Full Bathrooms
- Shower Only
Home Security
Outdoor Features
- No Fixed Bridges
- Boat Lift
- Private Dock
- Dock has access to electricity and water
- Captain's Walk
- Patio
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Sewer Assessments
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 08-45-24-C1-0040A.1040
- Tax Block 40A
Community Details
Overview
- 7 Units
- Low-Rise Condominium
- Cape Coral Condos
- Cape Coral Community
Recreation
- Boat Dock
- Boating
- Fishing Pier
- Gulf Boat Access
- Community Pool
- Fish Cleaning Station
Pet Policy
- Call for details about the types of pets allowed
Security
- High Impact Windows
- High Impact Door
- Fire and Smoke Detector
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 | $4,342 | $282,283 | -- | -- |
| 2023 | $4,790 | $306,711 | $0 | $0 |
| 2022 | $4,531 | $297,778 | $0 | $0 |
| 2021 | $4,698 | $289,105 | $0 | $289,105 |
| 2020 | $5,136 | $264,053 | $0 | $264,053 |
| 2019 | $5,140 | $264,860 | $0 | $264,860 |
| 2018 | $5,891 | $299,583 | $0 | $299,583 |
| 2017 | $5,659 | $302,005 | $0 | $302,005 |
| 2016 | $5,532 | $312,453 | $0 | $312,453 |
| 2015 | $4,971 | $257,800 | $0 | $257,800 |
| 2014 | $4,707 | $246,200 | $0 | $246,200 |
| 2013 | -- | $248,700 | $0 | $248,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/02/2025 08/02/25 | Pending | -- | -- | -- |
| 06/12/2025 06/12/25 | Price Changed | $710,000 | -1.4% | $308 / Sq Ft |
| 05/22/2025 05/22/25 | Price Changed | $720,000 | -1.4% | $312 / Sq Ft |
| 05/02/2025 05/02/25 | Price Changed | $730,000 | -1.4% | $317 / Sq Ft |
| 02/24/2025 02/24/25 | For Sale | $740,000 | +19.4% | $321 / Sq Ft |
| 10/02/2023 10/02/23 | Sold | $620,000 | -5.3% | $269 / Sq Ft |
| 10/02/2023 10/02/23 | Pending | -- | -- | -- |
| 09/08/2023 09/08/23 | Price Changed | $655,000 | -1.5% | $284 / Sq Ft |
| 08/16/2023 08/16/23 | For Sale | $665,000 | 0.0% | $289 / Sq Ft |
| 07/31/2023 07/31/23 | Pending | -- | -- | -- |
| 06/08/2023 06/08/23 | Price Changed | $665,000 | -1.5% | $289 / Sq Ft |
| 05/22/2023 05/22/23 | Price Changed | $675,000 | -1.5% | $293 / Sq Ft |
| 05/05/2023 05/05/23 | For Sale | $685,000 | +128.3% | $297 / Sq Ft |
| 07/30/2020 07/30/20 | Sold | $300,000 | -24.1% | $130 / Sq Ft |
| 06/30/2020 06/30/20 | Pending | -- | -- | -- |
| 08/07/2019 08/07/19 | For Sale | $395,000 | 0.0% | $171 / Sq Ft |
| 05/24/2017 05/24/17 | Rented | -- | -- | -- |
| 04/24/2017 04/24/17 | Under Contract | -- | -- | -- |
| 04/11/2017 04/11/17 | For Rent | $1,700 | -- | -- |
Source: Naples Area Board of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $620,000 | Paradise Coast Title & Escrow | |
| Warranty Deed | $300,000 | Precision Title Company Inc | |
| Warranty Deed | $525,000 | Sunbelt Title Agency | |
| Warranty Deed | $239,000 | -- | |
| Warranty Deed | $171,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $150,000 | New Conventional | |
| Previous Owner | $325,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $137,200 | No Value Available |
Source: Public Records
Similar Homes in Cape Coral, FL
Source: Naples Area Board of REALTORS®
MLS Number: 225020692
APN: 08-45-24-C1-0040A.1040
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