NOT LISTED FOR SALE

423 SW 40th Terrace Cape Coral, FL 33914

Pelican Neighborhood

Estimated Value: $169,000 - $177,000

0.23 Acre
$747,926 Price per Acre
10,019 Sq Ft Lot

Last Sold May 10, 2023

Last sale price $165,000

Est. 4% increase in value since last sale

Current estimated payment $1,162/month

Highlights

  • Waterfront
  • Canal Access
  • Rectangular Lot
  • Cape Elementary School Rated A-
  • Canal View

About This Lot

As of May 2023

Beautiful Canal-front lot ready to build your dream home! Gulf Access and Brand new Seawall.
Seller motivated to sell, this lot will never be available for this price again! In the fantastic Pelican neighborhood All assessments are paid. Close to soccer fields, baseball fields, restaurants, schools & shopping. This a very sought after area. Don't let this one get away!!

Last Agent to Sell the Property

Daniel Clarkston

DomainRealty.com LLC License #258027589 Listed on: 11/08/2022

Last Buyer's Agent

Tracey Tarsia

Palm Paradise Realty Group License #258031108

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,518

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Waterfront
  • South Facing Home
  • Rectangular Lot
  • Property is zoned R1-W

Property Views

  • Canal Views

Utilities

  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 14 / 1732
  • Assessor Parcel Number 11-45-23-C1-01732.0140

Community Details

Overview

  • Cape Coral Subdivision

Recreation

  • Canal Access

Property Details

Property Type

Land

Est. Annual Taxes

$1,518

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 0.23
  • Lot Size: 80 x 125 x 80 x 125
  • Road Surface Type: Paved
  • Subdivision Name: CAPE CORAL
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None

Exterior Features

  • Lot Features: Rectangular Lot
  • View: Canal
  • View: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Direction Faces: South

Utilities

  • Sewer: Assessment Paid
  • Utilities: Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available
  • Water Source: Assessment Paid

Fee Information

  • Association Fee Includes: None

Lot Info

  • Current Use: Single Family
  • Parcel #: 11-45-23-C1-01732.0140
  • Zoning Description: R1-W
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1517.52
  • Tax Block: 1732
  • Tax Lot: 14
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2022
Closed on
Apr 26, 2023
Sold by
Continent Real Estate Llc
Bought by
Carr Steven and Carr Colleen
Seller's Agent
Daniel Clarkston
DomainRealty.com LLC
Buyer's Agent
Tracey Tarsia
Palm Paradise Realty Group
List Price
$239,000
Sold Price
$165,000
Premium/Discount to List
-$74,000
-30.96%
Views
26
Current Estimated Value
$172,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,023
Avg. Annual Appreciation
1.96%

Purchase Details

Listed on
Nov 14, 2021
Closed on
Jan 31, 2022
Sold by
Thi Le Lehang
Bought by
Centinet Real Estate Llc
Seller's Agent
Ken Mars
Century 21 Selling Paradise
Buyer's Agent
Daniel Clarkston
DomainRealty.com LLC
List Price
$154,999
Sold Price
$130,000
Premium/Discount to List
-$24,999
-16.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.65%

Purchase Details

Listed on
Mar 9, 2018
Closed on
Jul 19, 2018
Sold by
Calderone Nina
Bought by
Le Lehang Thi
Seller's Agent
Jay LaGace
EXP Realty LLC
Buyer's Agent
Sarah Stice
KW Elevate Luxury
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.41%

Purchase Details

Closed on
Apr 5, 2017
Sold by
Begnoche Tisa M
Bought by
Michel Thomas
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold 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 Buyer Sale Price Title Company
Carr Steven $175,000 None Listed On Document
Centinet Real Estate Llc $130,000 Agent Title Services
Le Lehang Thi $60,000 Precision Title Co Inc
Michel Thomas -- Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2023 05/10/23 Sold $165,000 -12.2% --
04/30/2023 04/30/23 Pending -- -- --
03/30/2023 03/30/23 Price Changed $188,000 -5.5% --
02/14/2023 02/14/23 Price Changed $199,000 -9.1% --
01/30/2023 01/30/23 Price Changed $219,000 -8.4% --
11/08/2022 11/08/22 For Sale $239,000 +83.8% --
01/31/2022 01/31/22 Sold $130,000 -16.1% --
01/31/2022 01/31/22 Pending -- -- --
11/14/2021 11/14/21 For Sale $154,999 +158.3% --
07/19/2018 07/19/18 Sold $60,000 -14.2% --
06/19/2018 06/19/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $69,900 -- --
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 $2,956 $153,304 $153,304 --
2023 $1,984 $94,664 $141,166 $0
2022 $1,491 $68,250 $68,250 $0
2021 $1,518 $65,000 $65,000 $0
2020 $1,420 $59,000 $59,000 $0
2019 $1,423 $60,900 $60,900 $0
2018 $1,226 $58,000 $58,000 $0
2017 $1,132 $52,003 $52,003 $0
2016 $1,086 $53,000 $53,000 $0
2015 $932 $37,600 $37,600 $0
2014 $887 $40,300 $40,300 $0
2013 -- $27,500 $27,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Clarkston

    Seller's Agent in 2023

    Daniel Clarkston

    DomainRealty.com LLC

    (239) 204-3816

    3 in this area

    40 Total Sales

    Daniel Clarkston
    Section Image

  • T

    Buyer's Agent in 2023

    Tracey Tarsia

    Palm Paradise Realty Group

    (239) 677-6789

    1 in this area

    42 Total Sales

    Tracey Tarsia
    Section Image

  • K

    Seller's Agent in 2022

    Ken Mars

    Century 21 Selling Paradise

    Section Image

  • J

    Seller's Agent in 2018

    Jay LaGace

    EXP Realty LLC

  • S

    Buyer's Agent in 2018

    Sarah Stice

    KW Elevate Luxury

    (573) 231-6042

    3 in this area

    24 Total Sales

    Sarah Stice
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 222080817

Florida Gulf Coast Multiple Listing Service

APN: 11-45-23-C1-01732.0140

Florida Lee County Cape Coral 33914 Pelican

423 SW 40th Terrace, Cape Coral, FL

This home is located at 423 SW 40th Terrace, Cape Coral, FL 33914 since 08 November 2022 and is currently estimated at $172,023. 423 SW 40th Terrace is a home located in Lee County with nearby schools including Cape Elementary School, Caloosa Elementary School, and Tropic Isles Elementary School.

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.

Florida Gulf Coast Multiple Listing Service 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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