531 SW 40th Terrace Cape Coral, FL 33914
Pelican NeighborhoodEstimated payment $1,343/month
Highlights
- Boat Dock
- Home fronts a seawall
- Canal View
- Cape Elementary School Rated A-
- Canal Access
- Rectangular Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,194
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 80 x 125 x 80 x 125
- Home fronts a seawall
- South Facing Home
- Rectangular Lot
- Property is zoned R1-W
Additional Features
- Canal Views
- Sewer Assessments
Listing and Financial Details
- Legal Lot and Block 5 / 1729
Community Details
Overview
- Cape Coral Subdivision
Recreation
- Boat Dock
- Canal Access
Map
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 | $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 |
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 | -- | -- |
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 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $101,700 | New Conventional | |
| Closed | $101,700 | New Conventional |
Source: Florida Gulf Coast Multiple Listing Service
MLS Number: 225045574
APN: 11-45-23-C1-01729.0050
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