Presented By: RICHARD PETERS REALTY LLC with 352-448-9712. - 352-448-9712
MLS# TB8484678
03/09/2026
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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.
Presented By: RICHARD PETERS REALTY LLC with 352-448-9712. - 352-448-9712
Interior Features for 1331 NW 40TH PLACE
Bathrooms
Total Baths
General for 1331 NW 40TH PLACE
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityCAPE CORAL
CountyLee
Current UseResidential
DirectionsTake I-75 N and Burnt Store Rd to NW 12th St in Cape Coral
Take NW 40th Pl to your destination
Flood Zone CodeX500
Flood Zone Code X500Y
Legal DescriptionCAPE CORAL UNIT 81 BLK 5228 PB 24 PG 110 LOT 57
Living Area UnitsSquare Feet
Lot Size Square Feet13547
Lot Size UnitsSquare Feet
MLS Area33993 - Cape Coral
OwnershipFee Simple
Property TypeLand
SewerSeptic Tank
Standard StatusActive
StatusActive
Subdivision NameCAPE CORAL
Tax Annual Amount3084
Tax Lot57
Tax Year2025
UtilitiesOther, Public, Sprinkler Well, Underground Utilities, Water Available
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