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Active
    • Price cut: $25K (5/22)
    $550,000

    138 SE 40th St, Cape Coral, FL 33904

    3beds
    1,405sqft
    : 
    $3,547/mo
    Get pre-qualified
    Single Family Residence
    Built in 1965
    10,062 Square Feet Lot
    $-- Zestimate®
    $391/sqft
    $-- HOA

    What's special

    Gulf access homeSalt water heated poolGranite countersNew tropical plantsTropical decorOutdoor lightingOpen concept
    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 in your back yard! 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! Agents read remarks regarding show times/days.
    344 days
    |
    4,215
    |
    212
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jessica May 239-244-5541,

    SellState Excelsior Realty

    Source: Florida Gulf Coast MLS,MLS#: 2025005397MLS LogoOriginating MLS: Florida Gulf Coast

      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 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: $391/sqft
      • Tax assessed value: $427,369
      • Annual tax amount: $6,532
      • Date on market: 8/22/2025
      • Cumulative days on market: 345 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

        DateEventPrice
        5/22/2026Price change$550,000-4.3%$391/sqft
        Source: Florida Gulf Coast MLS #2025005397 Report a problem
        5/6/2026Price change$575,000-4.2%$409/sqft
        Source: Florida Gulf Coast MLS #2025005397 Report a problem
        4/15/2026Price change$599,900-4%$427/sqft
        Source: Florida Gulf Coast MLS #2025005397 Report a problem
        2/17/2026Price change$624,900-3.9%$445/sqft
        Source: Florida Gulf Coast MLS #2025005397 Report a problem
        9/12/2025Price change$649,999-2.3%$463/sqft
        Source: Florida Gulf Coast MLS #2025005397 Report a problem
        8/22/2025Listed for sale$665,000+18.8%$473/sqft
        Source: Florida Gulf Coast MLS #2025005397 Report a problem
        12/17/2021Sold$560,000+1.8%$399/sqft
        Source: Florida Gulf Coast MLS #221078511 Report a problem
        11/20/2021Pending sale$550,000$391/sqft
        Source: Florida Gulf Coast MLS #221078511 Report a problem
        11/17/2021Price change$550,000+10%$391/sqft
        Source: Florida Gulf Coast MLS #221078511 Report a problem
        11/10/2021Pending sale$500,000$356/sqft
        Source: Florida Gulf Coast MLS #221078511 Report a problem
        11/9/2021Listed for sale$500,000+40.8%$356/sqft
        Source: Florida Gulf Coast MLS #221078511 Report a problem
        8/28/2019Sold$355,000-2.5%$253/sqft
        Source: Florida Gulf Coast MLS #218050816 Report a problem
        7/31/2019Pending sale$364,000$259/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        7/12/2019Listed for sale$364,000$259/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        7/3/2019Pending sale$364,000$259/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        4/3/2019Price change$364,000-0.8%$259/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        3/23/2019Price change$367,000-0.5%$261/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        3/5/2019Price change$369,000-1.3%$263/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        3/1/2019Price change$374,000-0.2%$266/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        2/7/2019Price change$374,900-1.3%$267/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        1/24/2019Price change$379,900-0.5%$270/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        1/9/2019Price change$382,000-1.3%$272/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        11/27/2018Price change$387,000-0.5%$275/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        11/14/2018Price change$389,000-2.7%$277/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        9/14/2018Price change$399,900-1.7%$285/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        8/1/2018Listed for sale$407,000+64.2%$290/sqft
        Source: Alliance Realty Group #218050816 Report a problem
        12/20/2017Sold$247,800+37.7%$176/sqft
        Source: Public Record Report a problem
        5/19/2010Sold$180,000$128/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33904

        Getting around

        2 / 100
        Car-Dependent
        30 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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