# 1331 NW 40TH PLACE, CAPE CORAL, FL 33993

> **TL;DR:** land, $249,999.
> Waterfront. Est. $1,083/mo. Listed 32 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $249,999 |
| Lot Size | 13,504 sqft (0.31 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 32 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,083 |
| **Total** | **$1,083** |

## Key Amenities

- Waterfront

## Property Highlights

- 0.31 acre lot
- Waterfront

## Description

### Agent Description
<HIGHEST & BEST BY 04/10/2026> Seller reserves the right to accept an offer prior to the deadline.

Rare opportunity to secure a canal-front lot with 80 feet of waterfront and a concrete seawall already in place in one of Cape Coral’s fastest-growing areas. Competitively priced, this property offers strong upside for investors, builders, or buyers looking to secure waterfront land in a market experiencing continued population growth and development across Southwest Florida.

Situated on a quiet residential street in Northwest Cape Coral, the property is surrounded by established homes and steady new construction throughout the neighborhood. The lot offers direct canal frontage with access to the Gulf waterway system (buyer to verify), creating a peaceful setting with long-term value tied to true waterfront usability. The existing seawall eliminates a major upfront cost and allows a future build to move forward more efficiently.

Cape Coral continues to attract buyers from across the country due to its waterfront lifestyle, warm year-round climate, favorable tax environment, and proximity to Fort Myers, Gulf beaches, boating, fishing, and outdoor recreation. Ongoing infrastructure expansion and commercial development — including growth along Pine Island Road — continues to bring new retail, restaurants, services, and employment opportunities.

With no HOA and no rental restrictions (buyer to verify), this property offers flexibility whether you're planning to build a personal residence, develop a spec home, or hold as a long-term investment while the surrounding area continues to develop.

Waterfront lots with canal frontage, existing seawalls, and strong growth fundamentals are becoming increasingly limited in this area. When compared to higher-priced competing properties, this offering is positioned to stand out and attract strong buyer interest.

Seller is requesting highest and best offers by 04/10/2026.

## Location

- **Address:** 1331 NW 40TH PLACE, CAPE CORAL, FL 33993
- **County:** Lee
- **Coordinates:** 26.677944, -82.056382
- **Google Maps:** https://www.google.com/maps?q=26.677944,-82.056382

## Listing Agent

- **Name:** Harrison Wilfley
- **Brokerage:** RICHARD PETERS REALTY LLC
- **Phone:** 8502960904
- **Email:** harrison@wilfleyrealty.com

## Primary Photo

![1331 NW 40TH PLACE - Primary Photo](http://lh.rdcpix.com/7fa1fa407133c4c37e4b7c732a0707c2l-f911265418r.jpg)

*4 total photos available on [listing page](https://www.propertysimple.com/listing/1331-nw-40th-place-cape-coral-fl-33993-b8484678)*

---

**MLS#:** TB8484678 | **Updated:** 2026-04-27
**Source:** listhub

*Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1331-nw-40th-place-cape-coral-fl-33993-b8484678)

---

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