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241 SW 40TH STREET

Lots/Land For Sale
$185,000

BTC: 3.10924370

ETH: 119.35483871

150 days
Waterfront
0 room(s)

Overview

Build your dream home on this exceptional single-family Gulf access lot located at 241 SW 40th Street in the sought-after Pelican neighborhood of Cape Coral. This established community is known for its beautiful homes, peaceful streets, and convenient access to boating, recreation, and everyday amenities. Situated on a Gulf access canal, this property offers the perfect opportunity to enjoy boating, kayaking, and fishing right from your own backyard. The lot is cleared, level, and ready for construction, making it easy to bring your vision to life. Even better, city water and sewer are already in place, and all assessments have been paid—providing significant savings and a valuable advantage for future homeowners. One of the property's most unique features is the soccer field and park located directly across the street, offering open views and immediate access to outdoor recreation while still maintaining a sense of privacy. Whether you enjoy morning walks, youth sports, or simply having green space nearby, this location delivers a rare combination of waterfront living and neighborhood amenities. Zoned for single-family residential use and with no HOA restrictions, this property provides flexibility for a primary residence, seasonal retreat, or future investment opportunity. Conveniently located near shopping, dining, schools, and all that Southwest Cape Coral has to offer, this is an incredible opportunity to secure a Gulf access lot in one of the city's most desirable neighborhoods. Don't miss your chance to build the Florida waterfront lifestyle you've been dreaming of in Pelican.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.23 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$94,950
$63K – $302K
Confidence Low
List vs. estimate
$90K above estimate
List $185,000 · +94.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
170 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,317
2025
View
Water
Waterfront
Canal - Saltwater
All facts and features
  • Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 114523C201624.0160

    • Zoning: R1-W

  • Type and style

    • Property Type: Land

  • Utility

    • Cable Available

    • Electricity Available

    • Public

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $2,317

  • Source details

    • MLS ID: C7520792

    Other facts

    • Lot Features: Cleared / Level

    • Direction Faces: South

    • Waterfront: Yes

    • Water Source: Public

    • Lot Size Dimensions: 80 x 125

    • Subdivision Name: CAPE CORAL

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Market around this address

Live counts in the same area.
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CENTURY 21 SELLING PARADISE