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  • $1,340,000

    1940 Palaco Grande Pkwy, Cape Coral, FL 33904

    3beds
    2,795sqft
    Single Family Residence
    Built in 2013
    0.26 Acres Lot
    $1,320,500 Zestimate®
    $479/sqft
    $4,015 Estimated rent

    Home value

    $1,320,500

    $1.16M - $1.49M

    $4,015/mo

    Zestimate® history
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    What's special

    Welcome to 1940 Palaco Grande Pkwy—an exceptional custom-built, one-owner home located on one of Cape Coral’s premier streets. Set on an oversized lot along a 200' approx. wide canal with just a 4-minute ride to open water, this beautifully designed property is a rare find for boaters and non-boaters alike. Every detail of this home was carefully planned and executed with quality in mind—no shortcuts, no compromises. It has never been rented or used as a vacation rental and has only ever been lived in and lovingly maintained by the original owner. The home has never flooded—not even close—offering added peace of mind. From the hurricane-rated metal roof and heavy custom double entry doors to the all-impact windows and electric roll-down Kevlar shutters, plus new AC handler and condensing unit in 2023, peace of mind comes built in. Inside, you'll find elegant travertine tile flooring throughout, volume ceilings with tray details, 8’ doors, plantation shutters, and custom California Closet systems in every closet and pantry. The chef’s kitchen features GE Profile appliances, granite countertops with full backsplash, and high-end cabinetry with custom inserts and pullouts. A spacious laundry room adds extra functionality with granite counters, built-in sink, hobby/workspace, and generous storage. Enjoy indoor-outdoor living with an extended covered lanai, built-in Sonos surround sound, LED lighting, and a stunning pool/spa area complete with a cascading water feature, electric heater, and recently updated pump and screen enclosure. The dock area includes a 24,000 lb boat lift with a 2019 motor, wraparound composite decking, and rewrapped pilings in 2025. A newer seawall (2013) with deeper panels and a wider cap ensures long-term stability. Inside, the split-bedroom layout includes a luxurious primary suite with dual vanities, walk-through shower with multiple heads, soaking tub, and his-and-her walk-in closets. The den/office includes a leather pull-out sofa and a convenient half bath that also serves as a pool bath. Offered fully furnished (with only a few exclusions), including high-quality linens, rugs, kitchen items, and TVs—even a Dyson vacuum and beach chairs—this home is truly turnkey. There’s also an epoxy-coated 3-car garage with a Monkey Bar storage system and custom AV closet. A monitored security system and surge protector provide added safety. The location is unbeatable—just minutes to restaurants, shopping, medical, and more. This is not just a beautiful home; it's a well-thought-out, meticulously maintained property that delivers both comfort and long-term peace of mind. Pride of ownership is evident in every square foot.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kelly Hammer 239-707-7154,

    Century 21 Selling Paradise

    Bought with:

    Robert Cheyne, 258011374

    EXP Realty LLC

    Source: Florida Gulf Coast MLS,MLS#: 225061427MLS LogoOriginating MLS: Florida Gulf Coast

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Bathroom, Den, Guest Quarters, Office, Great Room
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Built-In Oven, Dryer, Dishwasher, Electric Cooktop, Freezer, Disposal, Microwave, Refrigerator, Wine Cooler, Washer
    • Laundry: Inside, Laundry Tub
    Features
    • Attic, Wet Bar, Breakfast Bar, Built-in Features, Bathtub, Tray Ceiling(s), Coffered Ceiling(s), Dual Sinks, Entrance Foyer, High Ceilings, Kitchen Island, Living/Dining Room, Multiple Shower Heads, Pantry, Pull Down Attic Stairs, Separate Shower, Cable TV, Walk-In Pantry, Walk-In Closet(s), Wired for Sound, Window Treatments, Bathroom, Den, Guest Quarters, Office, Great Room
    • Flooring: Tile
    • Windows: Impact Glass, Shutters, Window Coverings
    • Attic: Pull Down Stairs
    • Furnished: Yes
    Interior area
    • Total structure area: 3,491
    • Total interior livable area: 2,795 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Attached, Circular Driveway, Garage, Garage Door Opener
    • Attached garage spaces: 3
    • Has uncovered spaces: Yes
    Features
    • Stories: 1
    • Exterior features: Security/High Impact Doors, Sprinkler/Irrigation
    • Has private pool: Yes
    • Pool features: Concrete, Electric Heat, Heated, In Ground, Pool Equipment, Screen Enclosure, Outside Bath Access, Pool/Spa Combo
    • Has spa: Yes
    • Spa features: Electric Heat, Gunite, In Ground, Screened
    • Has view: Yes
    • View description: Canal
    • Has water view: Yes
    • Water view: Canal
    • Waterfront features: Canal Access, Navigable Water, Seawall
    Lot
    • Size: 0.26 Acres
    • Dimensions: 80 x 135 x 80 x 135
    • Features: Oversized Lot, Sprinklers Automatic
    Details
    • Parcel number: 054524C200583.0140
    • Lease amount: $0
    • Zoning description: R1-W

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch,One Story
    • Property subtype: Single Family Residence
    Materials
    • Block, Concrete, Stucco
    • Roof: Metal
    Condition
    • Resale
    • Year built: 2013

    Utilities & green energy

    • Sewer: Assessment Paid, Public Sewer
    • Water: Assessment Paid, Public
    • Utilities for property: Cable Available, High Speed Internet Available

    Community & HOA

    Community
    • Features: Non-Gated
    • Security: Security System, 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: $479/sqft
    • Tax assessed value: $1,060,473
    • Annual tax amount: $15,418
    • Date on market: 7/14/2025
    • Cumulative days on market: 46 days
    • Listing terms: All Financing Considered,Cash
    • Ownership: Single Family
    • Contingency: Inspection
    • Road surface type: Paved

    Price history

    DateEventPrice
    8/29/2025Sold$1,340,000-2.5%$479/sqft
    Source: Florida Gulf Coast MLS #225061427 Report a problem
    7/23/2025Pending sale$1,375,000$492/sqft
    Source: Florida Gulf Coast MLS #225061427 Report a problem
    7/17/2025Listed for sale$1,375,000+261.8%$492/sqft
    Source: Florida Gulf Coast MLS #225061427 Report a problem
    6/23/2025Listing removed$4,000$1/sqft
    Source: Zillow Rentals Report a problem
    6/19/2025Listed for rent$4,000$1/sqft
    Source: Zillow Rentals Report a problem
    7/2/2003Sold$380,000$136/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$16,728 +8.5%$971,456 +10%
    2024$15,419 -6.8%$883,142 +10%
    2023$16,545 +14.6%$802,856 +10%
    2022$14,442 +16.2%$729,869
    2021$12,427 +7%--
    2020$11,609 -0.4%$603,197 -0.8%
    2019$11,655 $608,018 +5%
    2018$11,655 -3.8%$578,989 -6.5%
    2017$12,121 $619,375 +14%
    2016$12,121 +9.7%$543,420 +9%
    2015$11,053 +5.8%$498,776 -11.9%
    2014$10,445 -10.1%$565,995 +287.4%
    2013$11,614 +125.4%$146,100 -41.1%
    2012$5,154 +5.8%$247,886 +13.9%
    2011$4,872 -13.9%$217,729 -12.8%
    2010$5,661 -2.5%$249,549 -4.9%
    2009$5,807 -11.5%$262,360 -28.4%
    2008$6,561 -22.9%$366,270 -22.9%
    2007$8,515 -0.9%$475,020 +2.6%
    2006$8,589 +24.5%$462,820 +45.7%
    2004$6,901 +105.9%$317,680 +16.6%
    2003$3,352 +0.1%$272,510 +8.9%
    2002$3,349 $250,330 +54.9%
    2000-- $161,580
    Find assessor info on the county website

    Neighborhood: 33904

    Nearby schools

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