$210,000
$15K PRICE DROP

531 SW 40th Terrace Cape Coral, FL 33914

Pelican Neighborhood

Estimated payment $1,346/month

Total Views 793
0.23 Acre
$913,043 Price per Acre
10,019 Sq Ft Lot

Highlights

  • Boating
  • Water access To Gulf or Ocean
  • Paved or Partially Paved Lot
  • Cape Elementary School Rated A-
  • Home fronts a canal

About This Lot

GULF ACCESS. BRAND NEW SEAWALL JUST INSTALLED BY WILLIAMSON BROS. 30 MINUTES TO OPEN WATER. QUIET, UPSCALE NEIGHBORHOOD WITH BEAUTIFUL HOUSES ON BOTH SIDES. ASSESSMENTS PAID. SELLER IS ALSO A BUILDER AND HAS A FEW DIFFERENT FLOORPLANS TO CHOOSE FROM.

Listing Agent

Nicholas Alexander

Robert Slack LLC License #BEAR-3434840 Listed on: 05/08/2025

Robert Slack LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,194

Lot Details

  • 10,019 Sq Ft Lot
  • Home fronts a canal
  • Paved or Partially Paved Lot
  • Irrigation
  • Property is zoned R1-W

Additional Features

  • Canal Views
  • Sewer Assessments

Listing and Financial Details

  • Tax Block 1729

Community Details

Overview

  • Cape Coral Condos
  • Cape Coral Community

Recreation

  • Boating
  • Water access To Gulf or Ocean
  • Fixed Bridges
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$2,194

Lot Details

0

Listing Details

  • Legal Description: CAPE CORAL UNIT 44 BLK 1729 PB 21 PG 112 LOTS 5 + 6
  • Property Type: Lot And Land
  • Table: Lot & Land
  • Street View Param: 1$26.577235$-81.986861$27.31$13.33$1.00$8rTRjaBb_4Xds3t9teRm2w
  • Property Information: GULF ACCESS. BRAND NEW SEAWALL JUST INSTALLED BY WILLIAMSON BROS. 30 MINUTES TO OPEN WATER. QUIET, UPSCALE NEIGHBORHOOD WITH BEAUTIFUL HOUSES ON BOTH SIDES. ASSESSMENTS PAID. SELLER IS ALSO A BUILDER AND HAS A FEW DIFFERENT FLOORPLANS TO CHOOSE FROM.
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Canal Width: Canal Width 81-120
  • Gulf Access Type: Bridge(s)/Water Indirect
  • Gulf Access Yn: Yes
  • Waterfront Description: Canal, Seawall
  • Irrigation: Assessment Paid
  • Road: Paved Road
  • View: Canal

Utilities

  • Utilities Available: Irrigation Water, Sewer, Water
  • Sewer: Assessment Paid
  • Water: Assessment Paid

Condo/Co-op/Association

  • Restrictions: No Commercial, No Rv
  • Sub Condo Name: CAPE CORAL
  • Development Name: CAPE CORAL

Association/Amenities

  • Development: Cape Coral
  • Community Type: Boating, Non-Gated

Lot Info

  • Lot Back: 80
  • Lot Frontage: 80
  • Lot Left: 125
  • Lot Right: 125
  • Lot Unit: 5
  • Price Per Acre: 913043.48
  • Section: 11
  • Zoning Code: R1-W
  • Acres: 0.2300
  • Waterfront: Yes
  • Land Use Code: 01-Single Family
  • Lot Description: Regular
  • Lot Type: Residential Lot
  • Usage: Single Family

Tax Info

  • Taxes: 2194.50
  • Tax Year: 2024
  • Tax Description: City And County

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $2,195 $78,461 -- --
2023 $1,742 $71,328 $0 $0
2022 $1,456 $64,844 $0 $0
2021 $1,449 $65,000 $65,000 $0
2020 $1,355 $59,000 $59,000 $0
2019 $1,278 $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 -- $40,300 $40,300 $0
2013 -- $27,500 $27,500 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Price Changed $210,000 -75.6% --
06/30/2025 06/30/25 Price Changed $859,000 -4.4% $397 / Sq Ft
06/12/2025 06/12/25 For Sale $899,000 +299.6% $416 / Sq Ft
06/06/2025 06/06/25 For Sale $225,000 0.0% --
06/06/2025 06/06/25 Off Market $225,000 -- --
05/08/2025 05/08/25 For Sale $225,000 -10.0% --
06/23/2022 06/23/22 For Sale $250,000 -- --
Source: Multiple Listing Service of Bonita Springs-Estero

Purchase History

Date Type Sale Price Title Company
Warranty Deed $113,000 Landsel Title
Warranty Deed $113,000 Landsel Title
Warranty Deed $47,000 First Priority Title Llc
Warranty Deed $72,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $101,700 New Conventional
Closed $101,700 New Conventional
Source: Public Records

Source: Multiple Listing Service of Bonita Springs-Estero

MLS Number: 225045574

Multiple Listing Service of Bonita Springs-Estero

APN: 11-45-23-C1-01729.0050

Florida Lee County Cape Coral 33914 Pelican

531 SW 40th Terrace, Cape Coral, FL

This home is located at 531 SW 40th Terrace, Cape Coral, FL 33914 and is currently priced at $210,000. 531 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.

Multiple Listing Service of Bonita Springs-Estero IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Listing Agent
Nicholas Alexander
Section Image
Robert Slack LLC
(239) 268-4678