2 months on rocket

721-723 SW 40th Ter, Cape Coral, FL, 33914

$649,000

Home List Price

$7,707*

Closing Credit

6 Bedrooms
4 Full Baths
Multi
Schools Nearby

Location

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721-723 SW 40th Ter, Cape Coral$649,000

Buyer Closing Credits

$7,707*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built2018
HeatingCentral, Electric
CoolingCentral Air, Electric
WaterfrontCanal, Seawall
MLS #224020803
Lot Size0.24 Acres
StatusActive

About 721-723 SW 40th Ter

Introducing a fantastic opportunity in SWFL, this duplex offers a desirable layout with three bedrooms and two bathrooms on each side. Whether you're looking for a primary residence or an investment property, this duplex has the potential to meet your needs. One of the standout features of this property is its great rental income potential. With two separate units, you have the option to rent out each side, maximizing your investment returns. The spacious three-bedroom layouts provide ample space for tenants, making it an attractive option for potential renters. Located on a gulf access canal, this duplex offers the added benefit of waterfront living. Imagine having the convenience of a boat dock right at your doorstep, allowing you to easily explore the beautiful waterways of SWFL. Whether you're a boating enthusiast or simply enjoy the tranquility of waterfront living, this feature adds tremendous value to the property. In addition to its prime location and rental income potential, this duplex also offers versatility. You can choose to live in one unit and rent out the other, providing you with a source of income while enjoying the benefits of homeownership. Alternatively, you can rent out both units and generate a steady stream of rental income. Overall, this duplex in SWFL presents an exciting opportunity for both investors and those seeking a new home. With its spacious three-bedroom layouts, great rental income potential, and waterfront location with a boat dock, it offers a unique combination of comfort, convenience, and financial benefits. Don't miss out on the chance to own this versatile property in a highly sought-after area.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 2018

Listing Office:

  • Office Name: RE/MAX Trend
  • Office Phone: (239) 541-1661
  • Listing Agent: Brianna Biasella

Interior Features

Interior Information:

  • Flooring Type: Tile

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Canal, Seawall
  • Exterior: Sprinkler/Irrigation, Patio, Room For Pool

Lot Features

Lot Information:

  • Lot: Oversized Lot, Sprinklers
  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Ida S. Baker High School, Public Magnet Grades 9-12
  • Cape Coral High School, Public Magnet Grades 9-12
  • Mariner High School, Public District Grades 9-12
  • Gulf Middle School, Public District Grades 6-8
  • Trafalgar Middle School, Public District Grades 6-8
  • Challenger Middle School, Public District Grades 6-8
  • Gulf Elementary School, Public District Grades PK-5
  • Pelican Elementary School, Public District Grades PK-5
  • Trafalgar Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,000
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Housing Market Comparison

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

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Cape Coral, FL

City

Med. Sold Price

$398.8K

Med. Price/SqFt

$238

Avg. Days On Market

71

# of Sold Homes

593

721-723 SW 40th Ter vs Cape Coral

65 DAYS ON ROCKET

-6 Days

$649,000

+$250.1K More

KEY TAKEAWAY

This property is $250.1K 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: #224020803

Listing Office:

  • Office Name: RE/MAX Trend
  • Office Phone: (239) 541-1661
  • Listing Agent: Brianna Biasella

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: 5/7/2024, 10:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,307

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,012

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-7963498
8
/10

  • Gulf Elementary School

  • 3405 Agualinda Blvd

  • 0.92 miles

  • Public District Grades PK-5

school-card-donut-7963499
7
/10

  • Pelican Elementary School

  • 3525 SW 3rd Ave

  • 1.99 miles

  • Public District Grades PK-5

school-card-donut-7963500
7
/10

  • Trafalgar Elementary School

  • 1850 SW 20th Ave

  • 2.90 miles

  • Public District Grades PK-5

Middle School

school-card-donut-7963501
6
/10

  • Gulf Middle School

  • 1809 SW 36th Ter

  • 0.69 miles

  • Public District Grades 6-8

school-card-donut-7963502
6
/10

  • Trafalgar Middle School

  • 2120 SW Trafalgar Pkwy

  • 3.03 miles

  • Public District Grades 6-8

school-card-donut-7963503
6
/10

  • Challenger Middle School

  • 624 SW Trafalgar Pkwy

  • 3.40 miles

  • Public District Grades 6-8

High School

school-card-donut-7963504
4
/10

  • Ida S. Baker High School

  • 3500 Agualinda Blvd

  • 0.86 miles

  • Public Magnet Grades 9-12

school-card-donut-7963505
5
/10

  • Cape Coral High School

  • 2300 Santa Barbara Blvd

  • 3.08 miles

  • Public Magnet Grades 9-12

school-card-donut-7963506
3
/10

  • Mariner High School

  • 701 Chiquita Blvd N

  • 5.99 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,857. Residents of Cape Coral, FL typically earn between $35k-100k each year. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Lee County›Cape Coral›33914›721-723 SW 40th Ter

This home is located at 721-723 SW 40th Ter in Cape Coral, FL and zip code 33914 in the Pelican neighborhood. This home, which was built in 2018, sits on a 0.24 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 03, 2024 and is currently priced at $649,000.

Cape Coral, FL housing market in April 2024 saw over 57 listings sold above listed price, more than 130 sold at listed price and over 406 sold below. The number of homes for sale in Cape Coral, FL increased by 3.5% between March 2024 and April 2024. In April 2024 median list price was $398,884 and the average listing age was 71 days.

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

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