$1,340,000
SOLD AUG 29, 2025
3 Beds
2.5 Baths
2,795 Sq Ft
0.26 Acres

Recently Sold

$479 Per Sq Ft

3% Below List Price

46 Days on Market

Highlights

  • Home fronts a seawall
  • Heated Pool and Spa
  • Canal View
  • Cape Elementary School Rated A-
  • Canal Access
  • Maid or Guest Quarters

About This Home

As of August 2025

Welcome to 1940 Palaco Grande Pkwy—an exceptional custom-built, one-owner home located on one of Cape Coral’s premier streets. Set on an oversized lot along a 200' approx. wide canal with just a 4-minute ride to open water, this beautifully designed property is a rare find for boaters and non-boaters alike. Every detail of this home was carefully planned and executed with quality in mind—no shortcuts, no compromises. It has never been rented or used as a vacation rental and has only ever been lived in and lovingly maintained by the original owner. The home has never flooded—not even close—offering added peace of mind.
From the hurricane-rated metal roof and heavy custom double entry doors to the all-impact windows and electric roll-down Kevlar shutters, plus new AC handler and condensing unit in 2023, peace of mind comes built in. Inside, you'll find elegant travertine tile flooring throughout, volume ceilings with tray details, 8’ doors, plantation shutters, and custom California Closet systems in every closet and pantry. The chef’s kitchen features GE Profile appliances, granite countertops with full backsplash, and high-end cabinetry with custom inserts and pullouts. A spacious laundry room adds extra functionality with granite counters, built-in sink, hobby/workspace, and generous storage.
Enjoy indoor-outdoor living with an extended covered lanai, built-in Sonos surround sound, LED lighting, and a stunning pool/spa area complete with a cascading water feature, electric heater, and recently updated pump and screen enclosure. The dock area includes a 24,000 lb boat lift with a 2019 motor, wraparound composite decking, and rewrapped pilings in 2025. A newer seawall (2013) with deeper panels and a wider cap ensures long-term stability. Inside, the split-bedroom layout includes a luxurious primary suite with dual vanities, walk-through shower with multiple heads, soaking tub, and his-and-her walk-in closets. The den/office includes a leather pull-out sofa and a convenient half bath that also serves as a pool bath.
Offered fully furnished (with only a few exclusions), including high-quality linens, rugs, kitchen items, and TVs—even a Dyson vacuum and beach chairs—this home is truly turnkey. There’s also an epoxy-coated 3-car garage with a Monkey Bar storage system and custom AV closet. A monitored security system and surge protector provide added safety. The location is unbeatable—just minutes to restaurants, shopping, medical, and more. This is not just a beautiful home; it's a well-thought-out, meticulously maintained property that delivers both comfort and long-term peace of mind. Pride of ownership is evident in every square foot.

Last Agent to Sell the Property

Kelly Ann Hammer

Century 21 Selling Paradise License #258018713 Listed on: 07/14/2025

Century 21 Selling Paradise

Last Buyer's Agent

Robert Cheyne

EXP Realty LLC License #258011374

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,419

Year Built

  • Built in 2013

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 80 x 135 x 80 x 135
  • Home fronts a seawall
  • Home fronts navigable water
  • North Facing Home
  • Oversized Lot
  • Sprinkler System
  • Property is zoned R1-W

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Entry on the 1st floor
  • Metal Roof
  • Stucco

Interior Spaces

  • 2,795 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Furnished
  • Wired For Sound
  • Built-In Features
  • Coffered Ceiling
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Shutters
  • Entrance Foyer
  • Great Room
  • Combination Dining and Living Room
  • Den
  • Tile Flooring
  • Canal Views
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters
  • Dual Sinks
  • Bathtub
  • Multiple Shower Heads
  • Separate Shower

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Pool

  • Heated Pool and Spa
  • Concrete Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Spa
  • Outside Bathroom Access
  • Screen Enclosure
  • Pool Equipment or Cover

Outdoor Features

  • Canal Access

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Cape Coral Subdivision

Listing and Financial Details

  • Legal Lot and Block 14 / 583
  • Assessor Parcel Number 05-45-24-C2-00583.0140

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,419

Year Built

Built in 2013

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.256
  • Lot Size: 80 x 135 x 80 x 135
  • Road Surface Type: Paved
  • Ownership: Single Family
  • Subdivision Name: CAPE CORAL
  • Directions: Go east on Palaco Grande Pkwy from Del Prado Blvd, house is on the right
  • Architectural Style: Ranch, One Story
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Building Stories: 1
  • Year Built: 2013
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Furnished: Furnished
  • Spa Features: Electric Heat, Gunite, In Ground, Screened
  • Private Spa: Yes
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Cooktop, Freezer, Disposal, Microwave, Refrigerator, Wine Cooler, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Tile
  • Interior Amenities: Attic, Wet Bar, Breakfast Bar, Built-in Features, Bathtub, Tray Ceiling(s), Coffered Ceiling(s), Dual Sinks, Entrance Foyer, High Ceilings, Kitchen Island, Living/Dining Room, Multiple Shower Heads, Pantry, Pull Down Attic Stairs, Separate Shower, Cable TV, Walk-In Pantry, Walk-In Closet(s), Wired for Sound, Window Treatments
  • Living Area: 2795.0
  • Dining Room Type: Bathroom, Den, Guest Quarters, Office, Great Room
  • Stories: 1
  • Window Features: Impact Glass, Shutters, Window Coverings

Exterior Features

  • Lot Features: Oversized Lot, Sprinklers Automatic
  • Pool Features: Concrete, Electric Heat, Heated, In Ground, Pool Equipment, Screen Enclosure, Outside Bath Access, Pool/Spa Combo
  • Pool Private: Yes
  • View: Canal
  • View: Yes
  • Waterfront Features: Canal Access, Navigable Water, Seawall
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: North
  • Exterior Features: Security/High Impact Doors, Sprinkler/Irrigation
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Attached, Circular Driveway, Garage, Garage Door Opener

Utilities

  • Laundry Features: Inside, Laundry Tub
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: None
  • Association: No
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel #: 05-45-24-C2-00583.0140
  • Zoning Description: R1-W

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 15418.98
  • Tax Block: 583
  • Tax Lot: 14
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2025
Closed on
Aug 29, 2025
Sold by
Metz Jeffrey A and Metz Debra L
Bought by
Ralph D Gillespie Declaration Of Trust and Carolyn F Gillespie Declaration Of Trust
Seller's Agent
Kelly Ann Hammer
Century 21 Selling Paradise
Buyer's Agent
Robert Cheyne
EXP Realty LLC
List Price
$1,375,000
Sold Price
$1,340,000
Premium/Discount to List
-$35,000
-2.55%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.66%

Purchase Details

Closed on
Nov 25, 2014
Sold by
Metz Jeffrey A and Metz Debra L
Bought by
Metz Jeffrey A and Metz 1999 Revoc L R

Purchase Details

Closed on
Jun 27, 2003
Sold by
Horvath Rudolph A and Horvath Marilyn Gerstner
Bought by
Metz Jeffrey A and Metz Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.3%
Source: Public Records

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,340,000 Fidelity National Title
Interfamily Deed Transfer -- Attorney
Warranty Deed $380,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $394,700 Construction
Previous Owner $250,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Pending -- -- --
08/29/2025 08/29/25 Sold $1,340,000 -2.5% $479 / Sq Ft
07/14/2025 07/14/25 For Sale $1,375,000 -- $492 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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 $15,419 $883,142 -- --
2023 $16,545 $802,856 $0 $0
2022 $14,442 $729,869 $0 $0
2021 $12,427 $698,198 $288,851 $409,347
2020 $11,609 $603,197 $241,000 $362,197
2019 $11,655 $608,018 $234,100 $373,918
2018 $11,387 $578,989 $215,000 $363,989
2017 $12,121 $619,375 $190,000 $429,375
2016 $11,053 $543,420 $223,214 $320,206
2015 $10,445 $498,776 $190,000 $308,776
2014 $11,614 $565,995 $185,000 $380,995
2013 -- $146,100 $146,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 225061427

Florida Gulf Coast Multiple Listing Service

APN: 05-45-24-C2-00583.0140