8 months on rocket

1319 SE 40th Ter, Cape Coral, FL, 33904

$3,500,000

16 Bedrooms
16 Full Baths, 8 Partial
Multi
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeQuadruplex
Year Built2008
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontCanal
MLS #223057746
Lot Size0.46 Acres
StatusActive

About 1319 SE 40th Ter

Exceptional Investment Opportunity! Presenting a stunning multi-family property consisting of 8 spacious townhomes nestled along a serene gulf access waterfront canal. Enjoy the allure of waterfront living combined with the luxury of a private pool, wet slips, and great location hence making this property an irresistible gem. Each townhome boasts 2 bedrooms, 2 ½ baths providing residents with comfortable and modern living spaces and a 1 car garage. The picturesque waterfront location offers breathtaking views, tranquil moments, and a sense of exclusivity for residents. Whether you're an investor looking for strong cash flow or an owner-occupant seeking a dynamic living experience, this property delivers on both fronts. With a proven history of positive cash flow, it's a savvy investment opportunity that's hard to match. Easy access to restaurants, open water, and Fort Myers ensures that residents enjoy the best of both worlds—peaceful waterfront living and urban connectivity. Don't miss out on this rare chance to own a multi-family property. Schedule your viewing today and take the first step towards securing a unique and rewarding investment!

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 2008
  • Stories: 2

Listing Office:

  • Office Name: Schooner Bay Realty, Inc.
  • Office Phone: (239) 997-4000
  • Listing Agent: Nick Grabowski

Interior Features

Interior Information:

  • Flooring Type: Carpet, Tile

Bedroom and Bathroom Information:

  • Partial Bathrooms: 8
  • Full Bathrooms: 16
  • Total Bedroom Count: 16

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Canal
  • Exterior: Other

Lot Features

Lot Information:

  • Lot: Oversized Lot
  • Lot Size: 0.46 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Cape Coral High School, Public Magnet Grades 9-12
  • Ida S. Baker High School, Public Magnet Grades 9-12
  • North Fort Myers High School, Public District Grades 9-12
  • Challenger Middle School, Public District Grades 6-8
  • Gulf Middle School, Public District Grades 6-8
  • Caloosa Middle School, Public District Grades 6-8
  • Cape Elementary School, Public District Grades PK-5
  • Pelican Elementary School, Public District Grades PK-5
  • Skyline Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,500,000

Tax Information:

  • Annual Amount: $27,704
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Cape Coral, FL.

Med. Sold Price

$398.8K

Med. Price/SqFt

$238

Avg. Days On Market

71

# of Sold Homes

593

1319 SE 40th Ter vs Cape Coral

254 DAYS ON ROCKET

+183 Days

$3,500,000

+$3.1M More

KEY TAKEAWAY

This property is $3.1M more than the Median Sold Price in Cape Coral, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWFL
  • MLS Number: #223057746

Listing Office:

  • Office Name: Schooner Bay Realty, Inc.
  • Office Phone: (239) 997-4000
  • Listing Agent: Nick Grabowski

IDX The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` 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 has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 9:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$27,704$1,480,907
2019$27,726$1,441,407
2018$25,608$1,310,370

History based on county public records data.

Payment Calculator

$17.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.5K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6426222
8
/10
  • Cape Elementary School

  • 4519 Vincennes Blvd

  • 0.59 miles

  • Public District Grades PK-5

school-card-donut-6426223
7
/10
  • Pelican Elementary School

  • 3525 SW 3rd Ave

  • 2.15 miles

  • Public District Grades PK-5

school-card-donut-6426224
5
/10
  • Skyline Elementary School

  • 620 SW 19th St

  • 3.74 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6426225
6
/10
  • Challenger Middle School

  • 624 SW Trafalgar Pkwy

  • 4.06 miles

  • Public District Grades 6-8

school-card-donut-6426226
6
/10
  • Gulf Middle School

  • 1809 SW 36th Ter

  • 4.11 miles

  • Public District Grades 6-8

school-card-donut-6426227
3
/10
  • Caloosa Middle School

  • 610 Del Prado Blvd S

  • 4.58 miles

  • Public District Grades 6-8

High School

school-card-donut-6426228
5
/10
  • Cape Coral High School

  • 2300 Santa Barbara Blvd

  • 2.85 miles

  • Public Magnet Grades 9-12

school-card-donut-6426229
4
/10
  • Ida S. Baker High School

  • 3500 Agualinda Blvd

  • 4.40 miles

  • Public Magnet Grades 9-12

school-card-donut-6426230
6
/10
  • North Fort Myers High School

  • 5000 Orange Grove Blvd

  • 6.31 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,724. Residents of Cape Coral, FL typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket HomesFloridaLee CountyCape Coral339041319 SE 40th Ter

This home is located at 1319 SE 40th Ter in Cape Coral, FL and zip code 33904 in the Caloosahatchee neighborhood. This home, which was built in 2008, sits on a 0.46 acre lot. Features: 16 bedrooms, 24 bathrooms. It has been listed on Rocket Homes since August 25, 2023 and is currently priced at $3,500,000.

In April 2024 more than 57 listings in Cape Coral, FL were sold above the asking price. During the same period more than 130 listings were sold at asking price, while more than 406 were sold below. In April 2024 in Cape Coral, FL there were 3.5% more homes for sale than in March 2024. In April 2024, listings were on the market for 71 days. During the same period, the median list price in this real estate market was $398,884.

From Rocket Homes Real Estate and based on county public records data.

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