Welcome home to Palm Paradise! This lovely southern rear exposure gulf access home is all about the indoor outdoor lifestyle & optimal functionality! When you walk in the front door, your eyes are immediately drawn to the large back patio & beautiful water views! This move in ready home is an open concept w/ crown molding, wood cabinetry, granite counters, stainless steel appliances & a modern tile backsplash. Newer roof, brand NEW smart Air conditioner, impact windows, new paint. The updated bathrooms have granite counters, wood cabinetry & a shiplap wall. The large glass sliders double your living space. A screened in patio is almost the full length of the home with plenty of seating sections, outdoor lighting, tropical decor, a large TV, & salt water heated pool. The perfect place to entertain family & friends and enjoy the warm weather. You are expected to host all birthdays, holidays, & football parties in this home. Dolphins & manatees have been seen from the dock, and plenty of fish to catch, with a cleaning station for your next catch of the day! The oversized garage is currently being used as a kids playroom with air conditioning! Another section is the laundry area, second refrigerator, wood cabinets, shelves, and a large space for garden supplies & tools. The second refrigerator helps on holidays when extra food is needed. No playroom needed? It is an easy conversion back to an oversized garage. The outside was freshened up with new tropical plants. This home is meticulously maintained and cleaned by professionals for years! Move in ready, relax poolside w/ friends & family. Take a boat ride to the Gulf of America, come home & wash your sandy toes in the outdoor shower near the large privacy plants! This home is a successful vacation home when not being used by the wonderful homeowners. This home is truly loved & it shows! No work needed here, ALL IS DONE! Assessments in and paid for in full!
Active
Price cut: $25.1K (2/17)
$624,900
138 SE 40th St, Cape Coral, FL 33904
3beds
1,405sqft
Est.:
Single Family Residence
Built in 1965
10,062.36 Square Feet Lot
$-- Zestimate®
$445/sqft
$-- HOA
What's special
Salt water heated poolGranite countersOpen conceptBeautiful water viewsShiplap wallLarge back patioUpdated bathrooms
- 223 days |
- 564 |
- 28 |
Zillow last checked: 7 hours ago
Listing updated: March 04, 2026 at 09:26am
Listed by:
Jessica May 239-244-5541,
SellState Excelsior Realty
Source: Florida Gulf Coast MLS,MLS#: 2025005397
Originating MLS: Florida Gulf Coast
Originating MLS: Florida Gulf CoastTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Screened Porch, Great Room
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Dishwasher, Electric Cooktop, Freezer, Microwave, Refrigerator, Self Cleaning Oven, Warming Drawer, Washer
- Laundry: Washer Hookup, Dryer Hookup, In Garage
Features
- Built-in Features, Bedroom on Main Level, Entrance Foyer, Eat-in Kitchen, Kitchen Island, Living/Dining Room, Shower Only, Separate Shower, Walk-In Closet(s), Window Treatments, Split Bedrooms, Screened Porch, Great Room
- Flooring: Tile
- Windows: Single Hung, Sliding, Impact Glass, Window Coverings
Interior area
- Total structure area: 1,720
- Total interior livable area: 1,405 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Attached, Driveway, Garage, Paved, Garage Door Opener
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Lanai, Patio, Porch, Screened
- Exterior features: Sprinkler/Irrigation, Outdoor Shower, Patio, Shutters Manual
- Has private pool: Yes
- Pool features: Electric Heat, Heated, In Ground, Pool Equipment, Screen Enclosure, Salt Water
- Has view: Yes
- View description: Canal, Landscaped
- Has water view: Yes
- Water view: Canal
- Waterfront features: Canal Access, Seawall
Lot
- Size: 10,062.36 Square Feet
- Dimensions: 91 x 127 x 85 x 102
- Features: Cul-De-Sac, Sprinklers Automatic
Details
- Parcel number: 124523C100288.0190
- Lease amount: $0
- Zoning description: R1-W
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Florida,Ranch,One Story,Traditional
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Stucco
- Roof: Shingle
Condition
- Resale
- Year built: 1965
Utilities & green energy
- Sewer: Assessment Paid, Public Sewer
- Water: Assessment Paid, Public
- Utilities for property: Cable Available
Community & HOA
Community
- Features: None
- Security: None, Smoke Detector(s)
- Condo and coop fee: $0
- Membership fee: $0
- Subdivision: CAPE CORAL
HOA
- Has HOA: No
- Amenities included: None
- Services included: None
Location
- Region: Cape Coral
Financial & listing details
- Price per square foot: $445/sqft
- Tax assessed value: $427,369
- Annual tax amount: $6,532
- Date on market: 8/22/2025
- Cumulative days on market: 210 days
- Listing terms: All Financing Considered,Cash,FHA,VA Loan
- Ownership: Single Family
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/17/2026 | Price change | $624,900-3.9%$445/sqft |
Source:  Florida Gulf Coast MLS #2025005397 Report a problem | ||
| 9/12/2025 | Price change | $649,999-2.3%$463/sqft |
Source: Florida Gulf Coast MLS #2025005397 Report a problem | ||
| 8/22/2025 | Listed for sale | $665,000+18.8%$473/sqft |
Source: Florida Gulf Coast MLS #2025005397 Report a problem | ||
| 12/17/2021 | Sold | $560,000+1.8%$399/sqft |
Source: Florida Gulf Coast MLS #221078511 Report a problem | ||
| 11/20/2021 | Pending sale | $550,000$391/sqft |
Source:  Florida Gulf Coast MLS #221078511 Report a problem | ||
| 11/17/2021 | Price change | $550,000+10%$391/sqft |
Source: Florida Gulf Coast MLS #221078511 Report a problem | ||
| 11/10/2021 | Pending sale | $500,000$356/sqft |
Source: Florida Gulf Coast MLS #221078511 Report a problem | ||
| 11/9/2021 | Listed for sale | $500,000+41.7%$356/sqft |
Source: Florida Gulf Coast MLS #221078511 Report a problem | ||
| 8/29/2019 | Sold | $352,800-3.1%$251/sqft |
Source: Public Record Report a problem | ||
| 7/31/2019 | Pending sale | $364,000$259/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 7/12/2019 | Listed for sale | $364,000$259/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 7/3/2019 | Pending sale | $364,000$259/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 4/3/2019 | Price change | $364,000-0.8%$259/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 3/23/2019 | Price change | $367,000-0.5%$261/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 3/5/2019 | Price change | $369,000-1.3%$263/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 3/1/2019 | Price change | $374,000-0.2%$266/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 2/7/2019 | Price change | $374,900-1.3%$267/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 1/24/2019 | Price change | $379,900-0.5%$270/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 1/9/2019 | Price change | $382,000-1.3%$272/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 11/27/2018 | Price change | $387,000-0.5%$275/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 11/14/2018 | Price change | $389,000-2.7%$277/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 9/14/2018 | Price change | $399,900-1.7%$285/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 8/1/2018 | Listed for sale | $407,000+64.2%$290/sqft |
Source: Alliance Realty Group #218050816 Report a problem | ||
| 12/20/2017 | Sold | $247,800-8.2%$176/sqft |
Source: Public Record Report a problem | ||
| 12/8/2017 | Pending sale | $269,900$192/sqft |
Source: Alliance Realty Group #217067920 Report a problem | ||
| 11/20/2017 | Listed for sale | $269,900+49.9%$192/sqft |
Source: Alliance Realty Group #217067920 Report a problem | ||
| 5/19/2010 | Sold | $180,000$128/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,333 +12.2% | $400,464 +10% |
| 2024 | $6,533 -16.7% | $364,058 -18.3% |
| 2023 | $7,839 +7.5% | $445,801 +6% |
| 2022 | $7,293 +70% | $420,611 |
| 2021 | $4,289 -1.7% | -- |
| 2020 | $4,362 -9.1% | $251,944 +6.1% |
| 2019 | $4,801 | $237,397 +9.7% |
| 2018 | $4,801 +6.6% | $216,410 -5.6% |
| 2017 | $4,506 -6.4% | $229,322 +6.8% |
| 2016 | $4,815 +71.8% | $214,757 +4.6% |
| 2015 | $2,803 -37.4% | $205,294 +27.5% |
| 2014 | $4,477 +58.7% | $161,001 +9.6% |
| 2013 | $2,821 -7.7% | $146,910 +7.3% |
| 2012 | $3,055 +8.2% | $136,901 +12.4% |
| 2011 | $2,824 -16.1% | $121,771 -15.4% |
| 2010 | $3,365 -4.7% | $144,003 -7% |
| 2009 | $3,531 +95% | $154,830 -55.2% |
| 2007 | $1,810 -0.4% | $345,540 -3.6% |
| 2006 | $1,818 +1.1% | $358,390 +84.5% |
| 2004 | $1,798 -1.8% | $194,270 +21.5% |
| 2003 | $1,830 +0.6% | $159,890 +24.9% |
| 2002 | $1,820 | $128,010 +40.2% |
| 2000 | -- | $91,320 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,772/mo
Principal & interest
$3043
Property taxes
$729
More affordability tools
Climate risks
Neighborhood: 33904
Nearby schools
GreatSchools rating
- 6/10Pelican Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 6/10Gulf Middle SchoolGrades: 6-8Distance: 2.6 mi
- 4/10Cape Coral High SchoolGrades: 9-12Distance: 2.2 mi
Local experts in 33904
- Florida
- Lee County
- Cape Coral
- 33904
- 138 SE 40th St
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