1345 SE 40TH TERRACE UNIT 2E, CAPE CORAL, FL, 33904
Active14 days on marketListed Oct 1, 2026MLS #C7530927
About this home
1345 SE 40TH TERRACE UNIT 2E
GULF ACCESS 55+ CORNER CONDO JUST MINUTES TO OPEN WATER, WATER VIEWS, COMMUNITY POOL VIEWS, AND A PRIVATE 1-CAR GARAGE! This completely remodeled second-floor end unit offers 3 bedrooms, 2 baths, and 1,623 sq ft in a central Cape Coral location near shopping, dining, parks, and more. Enjoy exceptional views of Plato’s Canal from the spacious living and dining areas, primary suite, and screened balcony, while the community pool is just outside your side view. The updated open kitchen features granite countertops, white wood cabinetry with soft-close doors and drawers, pantry storage, under- and over-cabinet LED lighting, recessed lights, stainless steel appliances, and a stainless sink. New waterproof flooring runs throughout, complemented by fresh interior paint, modern LED light fixtures, six ceiling fans, updated door hardware, and a new electrical panel. The split-bedroom layout provides privacy for owners and guests. Both baths have been refreshed with new toilets, granite-topped vanities, and the primary bath includes dual sinks plus a glass-enclosed shower. The primary bedroom opens directly to the tiled screened balcony, complete with Plexiglass slider panels for year-round enjoyment. Newer A/C adds peace of mind. Enjoy the easy Southwest Florida lifestyle with quick boating access, a resort-style pool setting, and the convenience of a garage, all in one beautifully updated home.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,623
Sqft
0.17 ac
Lot size
1
Garage
1977
Year built
One
Levels
$163
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.
$2,234 /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
$2,234/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.
vs edgeAI estimate
−11.4%
$/sqft vs Cape Coral actives
$163 vs $228
Days on market
14 vs 55 typical
Where $163/sqft sits among the 241 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 → $408K
Cape Coral median sold, yr/yr
96.5%
Sale-to-list ratio (12 mo)
102 of 241
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 36% 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 1345 SE 40TH TERRACE UNIT 2E
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$375,000
3405 SE 10TH PLACE
2 bd · 2 ba · 1,607 sqft · $233/sqft · 28 DOM
Sold · Jul ’26$423,000
3105 SE 16TH PLACE
3 bd · 2 ba · 1,658 sqft · $255/sqft · 115 DOM
Sold · Nov ’25$333,500
1413 SE 36TH STREET
3 bd · 2 ba · 1,569 sqft · $213/sqft · 224 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
Anthony Richardson
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 1345 SE 40TH TERRACE UNIT 2E — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1345 SE 40TH TERRACE UNIT 2E — before you fall in love.
See it in person
Schedule a tour
Live availability from Anthony's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1345 SE 40TH TERRACE UNIT 2E FAQs
What would the monthly payment be for 1345 SE 40TH TERRACE UNIT 2E?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,234/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 1345 SE 40TH TERRACE UNIT 2E?+
The most recent tax bill on record (2025) was $4,761. 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 1345 SE 40TH TERRACE UNIT 2E?+
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 $265,000, this home is listed about 37% below the Cape Coral median of $420,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1345 SE 40TH TERRACE UNIT 2E?+
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), North Fort Myers High School (high), 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
01Under the CAPE CORAL 33904 market on paper
$265,000 is 36% below the CAPE CORAL 33904 median of $412,000, and at $163/sqft it sits under the Cape Coral average of $267.
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
Pelican Elementary School, Cape Coral High School, Cape Elementary School, Gulf Middle School, Gulf Elementary School, Ida S. Baker High School, Trafalgar Middle School, North Fort Myers High 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 CENTURY 21 SELLING PARADISE · Christine Blasses. MLS #C7530927.
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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