Seller Accepting Back-Up Offers. This stunning 4,372-square-foot waterfront home is priced to sell and designed for entertaining. With an indoor pool and spa, you gain 1,400 additional square feet of under-air living space, perfect for year-round enjoyment. A new roof (2023) and owned solar panels keep energy costs impressively low — currently $30 per month — with Tesla batteries providing backup power. The private boat dock offers direct canal access to the Caloosahatchee River and Gulf of Mexico, making it a boater’s dream. Outside, the resort-style 1,400-square-foot patio and fully fenced backyard create a private oasis for gatherings, barbecues, or peaceful waterfront relaxation. Inside, the spacious kitchen, game room, and large family room are tailored for entertaining. The upstairs living area features a wet bar and built-ins — ideal for guests, multi-generational living, or a private retreat. With five bedrooms, three full baths, and a three-car garage with 12-foot doors, there’s ample space for family, friends, and all your toys. Spanning 6,579 total square feet, this home perfectly balances luxury and practicality. Every detail, from the energy-efficient upgrades to the expansive indoor and outdoor spaces, enhances both comfort and convenience. Don’t miss your chance to own this exceptional waterfront property — schedule your showing today!
Closed
$1,045,000
2938 SW 40th St, Cape Coral, FL 33914
5beds
4,320sqft
Single Family Residence
Built in 2004
0.51 Acres Lot
$1,005,100 Zestimate®
$242/sqft
$7,044 Estimated rent
Home value
$1,005,100
$884,000 - $1.14M
$7,044/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Maxwell Thompson 239-989-3855,
Premier Sotheby's Int'l Realty
Bought with:
Non-listing FGC MLS Non-Listing agent, 258029255
FGC Non-MLS Office
Source: Florida Gulf Coast MLS,MLS#: 224073627
Originating MLS: Florida Gulf Coast
Originating MLS: Florida Gulf CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bathroom, Den, Guest Quarters, Loft, Office, Recreation
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Dishwasher, Electric Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, RefrigeratorWithIce Maker, Self Cleaning Oven, Wine Cooler, Washer
- Laundry: Washer Hookup, Dryer Hookup, Inside, Laundry Tub
Features
- Breakfast Bar, Built-in Features, Bedroom on Main Level, Bathtub, Separate/Formal Dining Room, Dual Sinks, Family/Dining Room, Jetted Tub, Kitchen Island, Living/Dining Room, Pantry, Sitting Area in Primary, Separate Shower, Cable TV, Upper Level Primary, Bar, Walk-In Closet(s), Home Office, Loft, Bathroom, Den, Guest Quarters, Loft, Office, Recreation
- Flooring: Tile, Wood
- Windows: Other, Impact Glass
Interior area
- Total structure area: 5,236
- Total interior livable area: 4,320 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached, Driveway, Garage, Paved, Two Spaces, Garage Door Opener
- Attached garage spaces: 3
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony, Deck, Patio
- Exterior features: Deck, Fence, Sprinkler/Irrigation, Patio, Room For Pool, Shutters Manual
- Has private pool: Yes
- Pool features: Concrete, Electric Heat, Heated, Indoor, In Ground, Pool Equipment
- Has spa: Yes
- Spa features: Electric Heat, Gunite, Indoor Hot Tub, In Ground
- Has view: Yes
- View description: Canal, Landscaped, Mangroves, Water
- Has water view: Yes
- Water view: Canal,Water
- Waterfront features: Canal Access, Seawall
Lot
- Size: 0.51 Acres
- Features: Corner Lot, Oversized Lot, Sprinklers Automatic
Details
- Parcel number: 084523C104917.0350
- Lease amount: $0
- Zoning description: R1-W
- Other equipment: Intercom
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Stucco
- Roof: Tile
Condition
- Resale
- Year built: 2004
Utilities & green energy
- Sewer: Assessment Paid, Public Sewer
- Water: Assessment Paid, Public
- Utilities for property: Cable Available, High Speed Internet Available
Green energy
- Energy efficient items: Solar Panel(s)
Community & HOA
Community
- Features: Boat Facilities, Non-Gated
- 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
- HOA phone: 000-000-0000
Location
- Region: Cape Coral
Financial & listing details
- Price per square foot: $242/sqft
- Tax assessed value: $1,225,376
- Annual tax amount: $11,874
- Date on market: 9/10/2024
- Cumulative days on market: 325 days
- Listing terms: All Financing Considered,Cash
- Ownership: Single Family
- Contingency: Inspection
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2025 | Listing removed | $5,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/19/2025 | Listed for rent | $5,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/31/2025 | Sold | $1,045,000-12.9%$242/sqft |
Source:  Florida Gulf Coast MLS #224073627 Report a problem | ||
| 6/13/2025 | Pending sale | $1,199,900$278/sqft |
Source:  SWFLMLS #224073627 Report a problem | ||
| 4/7/2025 | Price change | $1,199,900-2%$278/sqft |
Source: SWFLMLS #224073627 Report a problem | ||
| 3/20/2025 | Price change | $1,224,900-2%$284/sqft |
Source: SWFLMLS #224073627 Report a problem | ||
| 3/7/2025 | Price change | $1,249,900-5.7%$289/sqft |
Source: SWFLMLS #224073627 Report a problem | ||
| 2/25/2025 | Price change | $1,324,900-8.5%$307/sqft |
Source: SWFLMLS #224073627 Report a problem | ||
| 1/23/2025 | Price change | $1,448,000-3.3%$335/sqft |
Source: SWFLMLS #224073627 Report a problem | ||
| 1/6/2025 | Price change | $1,498,000-3.4%$347/sqft |
Source: SWFLMLS #224073627 Report a problem | ||
| 11/25/2024 | Price change | $1,550,000-6.1%$359/sqft |
Source: SWFLMLS #224073627 Report a problem | ||
| 9/10/2024 | Listed for sale | $1,650,000$382/sqft |
Source: SWFLMLS #224073627 Report a problem | ||
| 8/8/2024 | Listing removed | -- |
Source: SWFLMLS #224012671 Report a problem | ||
| 7/15/2024 | Price change | $1,650,000-4%$382/sqft |
Source: SWFLMLS #224012671 Report a problem | ||
| 6/22/2024 | Price change | $1,719,000-1.4%$398/sqft |
Source: SWFLMLS #224012671 Report a problem | ||
| 4/27/2024 | Price change | $1,744,000-3.1%$404/sqft |
Source: SWFLMLS #224012671 Report a problem | ||
| 3/26/2024 | Price change | $1,799,9000%$417/sqft |
Source: SWFLMLS #224012671 Report a problem | ||
| 2/21/2024 | Price change | $1,800,000-7.7%$417/sqft |
Source: SWFLMLS #224012671 Report a problem | ||
| 2/7/2024 | Listed for sale | $1,950,000+182.6%$451/sqft |
Source: SWFLMLS #224012671 Report a problem | ||
| 4/26/2019 | Sold | $689,900-1.4%$160/sqft |
Source:  Florida Gulf Coast MLS #219020210 Report a problem | ||
| 3/29/2019 | Listed for sale | $699,900$162/sqft |
Source: Encore Realty Services Inc #219020210 Report a problem | ||
| 3/29/2019 | Pending sale | $699,900$162/sqft |
Source: Encore Realty Services Inc #219020210 Report a problem | ||
| 3/17/2019 | Listed for sale | $699,900-28.2%$162/sqft |
Source: Encore Realty Services Inc #219020210 Report a problem | ||
| 5/10/2014 | Listing removed | $975,000$226/sqft |
Source: Coldwell Banker Residential Real Estate - Fort Myers #201309494 Report a problem | ||
| 3/25/2014 | Listed for sale | $975,000+875%$226/sqft |
Source: Coldwell Banker Residential Real Estate - Fort Myers #201309494 Report a problem | ||
| 9/19/2001 | Sold | $100,000$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,096 +4% | $761,618 +2.9% |
| 2024 | $11,626 -2.1% | $740,154 +3.6% |
| 2023 | $11,875 +2.3% | $714,105 +3% |
| 2022 | $11,606 -5.4% | $693,306 |
| 2021 | $12,265 -6.4% | -- |
| 2020 | $13,100 +23.6% | $663,820 +3.7% |
| 2019 | $10,599 | $640,354 +28.5% |
| 2018 | $10,599 -1.2% | $498,437 +2.1% |
| 2017 | $10,733 +0.3% | $488,185 -12.5% |
| 2016 | $10,700 +1.6% | $557,657 +4.2% |
| 2015 | $10,536 -3.1% | $535,197 +6.1% |
| 2014 | $10,873 +4.2% | $504,489 +0.7% |
| 2013 | $10,438 +5.4% | $501,021 +10.3% |
| 2012 | $9,900 +1.2% | $454,254 -10.8% |
| 2011 | $9,781 -0.4% | $508,977 +19.1% |
| 2010 | $9,823 -20.3% | $427,252 -23.1% |
| 2009 | $12,325 -16.1% | $555,400 -27.4% |
| 2007 | $14,690 -23.8% | $764,770 -20.7% |
| 2006 | $19,282 +267.4% | $964,080 +699.3% |
| 2004 | $5,248 +9.6% | $120,620 +26.1% |
| 2003 | $4,787 +138.2% | $95,660 +12.5% |
| 2002 | $2,009 | $85,000 +209.7% |
| 2000 | -- | $27,450 |
Find assessor info on the county website
Neighborhood: 33914
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Nearby schools
GreatSchools rating
- 8/10Gulf Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 7/10Gulf Middle SchoolGrades: 6-8Distance: 1.7 mi
- 3/10Ida S. Baker High SchoolGrades: 9-12Distance: 1.4 mi
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- Florida
- Lee County
- Cape Coral
- 33914
- 2938 SW 40th St
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