1322 SE 40TH STREET UNIT 2, CAPE CORAL, FL, 33904
Active124 days on marketListed Apr 4, 2026MLS #A4688770
About this home
1322 SE 40TH STREET UNIT 2
Check out this Gulf Access townhome offering sparkling water views and the perfect Florida getaway! This bright and airy home features an open living room and kitchen filled with natural sunlight. A convenient half bath downstairs, extra storage, and a laundry closet on the lanai. Upstairs, you’ll find two spacious bedrooms, including a large primary suite with a walk-in closet and private bathroom, as well as a guest bedroom with its own private bathroom. Enjoy peaceful mornings and relaxing evenings on the oversized lanai watching the boats go by. Boating enthusiasts will love the Gulf access with dock space available on a first-come, first-served basis, and only one bridge and short stroll to open waters. This home is being sold furnished and includes assigned covered parking, with additional guest parking available. Ideally located near downtown Cape Coral, shopping, dining, and just minutes to the bridge for easy access to Fort Myers. Whether you're looking for a move-in ready getaway or a place to add your own personal touch, this waterfront gem is ready to welcome you home!
Facts & features
The home at a glance
2
Bedrooms
2.5
Bathrooms
1,026
Sqft
0.1 ac
Lot size
1980
Year built
Two
Levels
$175
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$2,073 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,073/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Cape Coral actives
$175 vs $249
Days on market
124 vs 49 typical
Where $175/sqft sits among the 335 Cape Coral actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Cape Coral
Get to know Cape Coral. See the full Cape Coral guide →
CAPE CORAL 33904 — neighborhood snapshot
Population
32,925
Median age
58.6
Median income
$66,933
Median home value
$347,100
Avg household
2.21
Households w/ children
1,918
For the school run
Lee County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Cape Coral market
$375K → $405K
Cape Coral median sold, yr/yr
96.4%
Sale-to-list ratio (12 mo)
104 of 335
Cape Coral actives have cut their price
Median sold price, Cape Coral, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 60% below the CAPE CORAL 33904 median. See the full Cape Coral market guide →
Paper trail
This home's history
Reality check
What actually sold near 1322 SE 40TH STREET UNIT 2
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$155,000
4120 SE 19TH PLACE UNIT 202
2 bd · 2 ba · 1,044 sqft · $148/sqft · 95 DOM
Sold · Nov ’25$215,000
1332 SE 44TH STREET
2 bd · 1 ba · 1,047 sqft · $205/sqft · 244 DOM
Sold · Jul ’26$184,000
3935 COUNTRY CLUB BOULEVARD UNIT 22
2 bd · 2 ba · 1,069 sqft · $172/sqft · 3 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1322 SE 40TH STREET UNIT 2 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1322 SE 40TH STREET UNIT 2 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
1322 SE 40TH STREET UNIT 2 FAQs
What would the monthly payment be for 1322 SE 40TH STREET UNIT 2?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,073/mo — principal and interest, the actual property-tax bill, the $525/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 1322 SE 40TH STREET UNIT 2?+
The association fee works out to $525 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 1322 SE 40TH STREET UNIT 2?+
The most recent tax bill on record (2025) was $2,985. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 1322 SE 40TH STREET UNIT 2?+
The listing reports pets: No. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Cape Coral?+
At $180,000, this home is listed about 60% below the Cape Coral median of $449,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1322 SE 40TH STREET UNIT 2?+
Pelican Elementary School (elementary), Cape Coral High School (high), Cape Elementary School (elementary), Gulf Middle School (middle), Gulf Elementary School (elementary), Ida S. Baker High School (high), Trafalgar Middle School (middle), Mariner High School (high), North Fort Myers High School (high) — Lee County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Under the CAPE CORAL 33904 market on paper
$180,000 is 60% below the CAPE CORAL 33904 median of $454,900, and at $175/sqft it sits under the Cape Coral average of $296.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $525/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
124 days on market against a Cape Coral median of 49 — sellers in this position are usually ready to negotiate.
05Strong assigned schools
Pelican Elementary School, Cape Coral High School, Cape Elementary School, Gulf Middle School, Gulf Elementary School, Ida S. Baker High School, Trafalgar Middle School, Mariner High School, North Fort Myers High School — Gulf Elementary School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of FLORIDA FUTURE REALTY INC · Erica Kolinski, Llc. MLS #A4688770.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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