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Bean Group
Offered at $55,000Active
beds
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baths
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sq ft
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Built
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1246 NE 40th Street

Cape Coral, FL 33909

About this home

Imagine building your dream home along the peaceful freshwater waters of Gator Slough. This cleared waterfront lot is located in highly desirable North Cape Coral and offers a wonderful opportunity to enjoy a beautiful natural setting while still being conveniently close to everything Cape Coral has to offer. With desirable southern rear exposure, you can enjoy your waterfront setting while taking in the natural beauty that makes Southwest Florida so special. The canal offers opportunities for kayaking, boating, fishing, and enjoying the peaceful surroundings. Located in Flood Zone X, this property is surrounded by new construction and ongoing development, making North Cape Coral an exciting area to build and invest. Shopping, dining, entertainment, parks, and major roadways are all conveniently nearby. Looking for even more space? The adjacent lot is also available for purchase, creating a fantastic opportunity for a buyer who would like to own both lots and enjoy an even larger homesite or investment opportunity. Cleared, waterfront, freshwater, southern rear exposure, and ideally located in North Cape Coral, your dream home starts here.

Listing last checked: Listing updated:

Listed by Carla Kluch · Weichert Realtors Agency ONE · MLS #2026037477

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Details at a glance

Building1 property facts
Style
Residential
Land & utilities4 property facts
Lot size
0.23 acres
Water
None
Sewer
None
Waterfront
Y
Financial3 property facts
Annual taxes
$919
Assessment year
2025
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $55,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$355 / monthAdjust
Principal & interest
$278
Property tax
$77
Insurance
Not entered
HOA
$0

Listing annual taxes: $919. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.

Partial estimate: add insurance to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Comparable properties 3 supplied

Sold Jun 8, 2026

$55,000

4230 NE 17th Avenue

Sold Aug 19, 2026

$54,000

2217 NE 35th Terrace

Sold Jul 7, 2026

$51,000

2008 NE 16th Place

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About 1246 NE 40th Street

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Request a tour of 1246 NE 40th Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.