1918 SE 40TH STREET, CAPE CORAL, FL, 33904
Active40 days on marketListed Sep 28, 2026MLS #A4704514
About this home
1918 SE 40TH STREET
DIRECT SAILBOAT ACCESS, no bridges, from a wide-water lot on a 200-foot canal just 150 yards off the Caloosahatchee. Untie the lines and you are running open water before your coffee cools. Set in the sought-after Savona neighborhood of southeast Cape Coral, this two-story, 5-bedroom, 6-bath residence of approximately 3,600 square feet is built around the view. The outdoor living rivals a private resort: a resurfaced saltwater pool, new travertine decking, a full outdoor kitchen, and a waterfront tiki hut made for long evenings after a day offshore. At the water, a new composite dock deck, a 40-foot slip, a 30,000-lb boat lift, and a Jet Ski lift wait for whatever you keep in the water. Step inside and the scale registers immediately: ~12-foot ceilings on the main level, with luxury maintenance-free LVP flooring throughout. Four bedrooms are en-suite with walk-in closets, and a flexible fifth room serves as a home office, den, or guest suite. The primary suite is genuinely private, with its own mini-split and dedicated water heater. The gourmet kitchen anchors the home with expansive custom cabinetry, a 48-inch gas range with double oven and griddle, a wood-paneled refrigerator, and a seamless 6.5-by-11-foot island built for a crowd. This home was built to run itself. A new standing-seam metal roof and Large Missile impact-rated windows (both 2024), hurricane screens on the lanai (2025), paid-in-full net-metered solar, Tesla Powerwall batteries, and a 24kW Generac generator on a 500-gallon underground tank mean it closes up tight and keeps running on its own terms. Dual Trane 16-SEER variable-speed HVAC systems (2024 and 2026), a new pool pump, heater, and saltwater system (2024), central vacuum, and full-perimeter security round it out. Electric bills averaged $50 a month or less in 2025. Fine dining and nightlife are minutes away, so a quiet evening on the water and a night out are equally easy decisions. Bridge-free open water. Resort-caliber outdoor living. Nothing left to do but arrive.
Facts & features
The home at a glance
5
Bedrooms
5
Bathrooms
3,562
Sqft
0.23 ac
Lot size
3
Garage
2011
Year built
Two
Levels
$757
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 — not generic estimates.
$18,256 /mo · 10% down Conventional, 30-yr fixed at 7.5%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
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
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$18,256/mo
Includes estimated PMI — it drops off once you reach 20% equity. 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.
Can I afford this home? → See what you can comfortably afford from your income, debts and savings.
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.
vs edgeAI estimate
+172.7%
$/sqft vs CAPE CORAL
$757 vs $228
Days on market
40 vs 45 typical
Where $757/sqft sits among the 168 homes for sale in CAPE CORAL
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 Savona
Get to know Cape Coral. See the full Cape Coral guide →
Savona — neighborhood snapshot
Population
1,077
Median age
60
Median income
$94,125
Median home value
$642,400
Avg household
2
Households w/ children
51%
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
$358K → $415K
Cape Coral median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
72 of 168
CAPE CORAL have cut their price
Median sold price, Cape Coral, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 510% above the CAPE CORAL 33904 median. See the full Cape Coral market guide →
Paper trail
This home's history
Reality check
What actually sold near 1918 SE 40TH STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’26$655,000
2218 NW 37TH PLACE · same community
3 bd · 3.5 ba · 2,816 sqft · $233/sqft · 0 DOM
Sold · Dec ’25$1,050,000
2526 SW 25TH AVENUE · same community
4 bd · 3 ba · 2,611 sqft · $402/sqft · 24 DOM
Sold · Apr ’26$755,000
2515 SE 19TH AVENUE · same community
3 bd · 2.5 ba · 2,518 sqft · $300/sqft · 141 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
Donna Layton
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1918 SE 40TH STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1918 SE 40TH STREET — before you fall in love.
See it in person
Schedule a tour
Live availability from Donna's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1918 SE 40TH STREET FAQs
What would the monthly payment be for 1918 SE 40TH STREET?+
With 10% down on a 30-year Conventional loan at 7.5%, the all-in payment lands around $18,256/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 1918 SE 40TH STREET?+
The most recent tax bill on record (2025) was $1,509. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Cape Coral?+
At $2,695,000, this home is listed about 542% above the Cape Coral median of $419,900. The market section on this page shows how the area is trending.
Which schools are assigned to 1918 SE 40TH STREET?+
Cape Elementary School (elementary), Pelican Elementary School (elementary), Cape Coral High School (high), Gulf Middle School (middle), Gulf Elementary School (elementary), Ida S. Baker High School (high), North Fort Myers High School (high), Trafalgar Middle School (middle), Mariner High School (high) — Lee County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$2,695,000 runs 510% above the CAPE CORAL 33904 median — but at 3,562 sqft it's also nearly twice the size of the typical Cape Coral listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Strong assigned schools
Cape Elementary School, Pelican Elementary School, Cape Coral High School, Gulf Middle School, Gulf Elementary School, Ida S. Baker High School, North Fort Myers High School, Trafalgar Middle School, Mariner High School — Gulf Elementary School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of RE/MAX NAUTICAL REALTY · Tricia Magliola. MLS #A4704514.
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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