Property 1331 NW 40Th Pl Cape Coral for sale with MLS# TB8484678

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.

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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''
Property Map

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

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