Seller reserves the right to accept an offer prior to the deadline.
Rare opportunity to secure a canal-front lot with 80 feet of waterfront and a concrete seawall already in place in one of Cape Coral's fastest-growing areas. Competitively priced, this property offers strong upside for investors, builders, or buyers looking to secure waterfront land in a market experiencing continued population growth and development across Southwest Florida.
Situated on a quiet residential street in Northwest Cape Coral, the property is surrounded by established homes and steady new construction throughout the neighborhood. The lot offers direct canal frontage with access to the Gulf waterway system (buyer to verify), creating a peaceful setting with long-term value tied to true waterfront usability. The existing seawall eliminates a major upfront cost and allows a future build to move forward more efficiently.
Cape Coral continues to attract buyers from across the country due to its waterfront lifestyle, warm year-round climate, favorable tax environment, and proximity to Fort Myers, Gulf beaches, boating, fishing, and outdoor recreation. Ongoing infrastructure expansion and commercial development - including growth along Pine Island Road - continues to bring new retail, restaurants, services, and employment opportunities.
With no HOA and no rental restrictions (buyer to verify), this property offers flexibility whether you're planning to build a personal residence, develop a spec home, or hold as a long-term investment while the surrounding area continues to develop.
Waterfront lots with canal frontage, existing seawalls, and strong growth fundamentals are becoming increasingly limited in this area. When compared to higher-priced competing properties, this offering is positioned to stand out and attract strong buyer interest.
Seller is requesting highest and best offers by 04/10/2026.
📅 View days on the market
1331 NW 40Th Pl, Cape Coral, FL 33993
Price
- Price:
- $249,999.00
- Previous Asking Price:
- $250,000.00
- Original List Price:
- $259,999.00
- List Price per Sq Ft (Calculated, Approx.):
- $18.45
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Land
- MLS Number:
- TB8484678
Measures
- Lot Area:
- 13,547 Sqft
- Lot Size Dimensions and Info:
- 48 × 113 × 190 × 97
- Lot Features:
- Cul-De-Sac, Cleared
- Lot Size Acres:
- 0.31
Property Features
- Waterfront:
- Yes
- Waterfront Features:
- Canal - Saltwater
- Current Use:
- Residential
- Water Access
- Water Access Features:
- Canal - Saltwater
- Water Extras
- Water Extra Details:
- Seawall - Concrete
- Water View
- Water View Details:
- Canal
Construction
- Flood Zone Code:
- X500
Taxes and Expenses
- Tax Annual Amount:
- $3,084.00
- Tax Year:
- 2025
Utilities
- Sewer:
- Septic Tank
- Utilities Available:
- Water Available, Underground Utilities, Other, Public, Sprinkler Well
- Water Source:
- Public
Community
- Subdivision Name:
- CAPE CORAL
- Senior Community:
- No
Zoning and Legal
- Tax Legal Description:
-
CAPE CORAL UNIT 81 BLK 5228 PB 24 PG 110 LOT 57
- Real Estate Folio Number (Parcel Number):
- 01-44-22-C2-05228.0570
- Zoning:
- R1-W
- Title to the property is held by owner as:
- Fee Simple
Listing History
- Originally published on:
- March 10, 2026 1:11 pm
- Active on the market since:
- March 10, 2026
- Listing Agreement executed on:
- March 9, 2026
- Price change occurred on:
- April 8, 2026 10:32 pm
- Listing Status Last Changed On:
- March 10, 2026 1:11 pm
- Photos updated on:
- March 10, 2026 1:44 pm
- Last Modified:
- April 8, 2026 10:33 pm
Additional Information
- Courtesy of:
- RICHARD PETERS REALTY LLC
- Attribution:
- 352-448-9712
- Road Surface Type:
- Asphalt
Location
- Street Name:
- 40TH
- Street Number:
- 1331
- City:
- CAPE CORAL
- State:
- Florida
- Zip Code:
- 33993
- County:
- Lee
- Latitude:
- N26° 40' 40.6''
- Longitude:
- W83° 56' 37''
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$89,220
Median Home Value
$319,500
Median Rent
$2,057/mo
Median Age
43
Population
33,045
Want to schedule an in-person or virtual tour? Have questions?
Want to schedule an in-person or virtual tour? Have questions?