4
Beds
3
Baths
2,887
SqFt
$398
$/SqFt
Sold - Aug 12, 2026
Entry-Level House
Built in 2020
3 Parking
Canal View
Waterfront
Ranch, Single Family
Open Porch/Lanai
Welcome to 1506 NW 40th Place, a waterfront residence featuring the custom Marsala floor plan by Frey & Son Homes, ideally positioned on a direct sailboat-access canal with no bridges in Cape Coral. The inspection has been completed, with all items fully addressed, making this home truly move-in ready. Offering nearly 4,000 total square feet, this 4-bedroom, 3-full-bath home includes an oversized garage, a dedicated full pool bath, and a custom saltwater heated pool and spa designed for effortless indoor–outdoor living. The outdoor kitchen space is already plumbed and ready for installation, allowing for easy customization. The home is centered around an expansive statement island and a sleek, modern layout, highlighted by hidden in-cabinet kitchen outlets that maintain clean lines throughout. Notable upgrades include a new full-home reverse osmosis system, one large electric roll-down screen for shaded outdoor comfort, and a full-home Generac generator powered by a 240-gallon propane tank for added reliability and peace of mind. The primary suite features an electric shade providing adjustable light control and privacy, adding another layer of comfort and convenience. Set along an approximately 200-foot-wide canal, the property offers expansive water views and seamless boating access. Located within walking distance of the new Tropicana Park, soon to feature a beach, kayak launch, playground, green space, and additional recreational amenities. A polished, thoughtfully upgraded waterfront home in one of Cape Coral’s most desirable locations.
MLS Number: 2026000840
Updated: 34 Days ago
Page Views: 0

Features

Bedrooms
  • Bedrooms: 4
Bathrooms
  • Bathrooms: 3
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Open Porch/Lanai, Screened Lanai/Porch
  • View: Canal
Interior, Heating and Cooling
  • Interior Features: Coffered Ceiling(s), Custom Mirrors, French Doors, Laundry Tub, Pantry, Pull Down Stairs, Smoke Detectors, Walk-In Closet(s), Zero/Corner Door Sliders
  • Equipment / Appliances: Electric Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Washer, Freezer, Microwave, Refrigerator/Freezer, Reverse Osmosis, Wall Oven
  • Heating Description: Central Electric
  • Cooling Description: Ceiling Fan(s), Central Electric
Building and Construction
  • Floor Description: Concrete
  • Windows/Treatment: No info
  • Construction Type: House
  • Year Built: 2020
  • Style: Ranch, Single Family
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
    Other Property Info
    • Garage: 3
    • Pets Allowed: Yes
    Taxes, Fees & More
    • Maintenance Includes: None
    • Taxes: 9135.84
    • Security Information: Smoke Detector(s)
    • Parking Description: Driveway Paved, Golf Cart, Attached
    • Total Floors in Building: 1
    • Total Units in Building: 1

    Apples-to-Apples Comparables

     Closest-Match Comparables
    See closest-match comps for this subdivision
    No obligation
    Verified
    Trends
    Insights
    Best of Luxury Realty
    Talk to a local advisor
    Licensed advisors answering your questions across Cape Coral, FL
    01
    Licensed Brokerage
    02
    Local Advisors
    03
    Direct Answers
    Exclusive real estate service partner

    Price History

    Current
    $1.2M
    High
    $1.3M
    Low
    $1.2M
    Total Change
    -8%
    $1.3M$1.2M$1.1MJan 26Feb 26Apr 26Apr 26Aug 26
    Date
    Event
    Price
    Change
    Price Per
    08/12/2026
    Sold
    $1.2M
    0%
    $398 ft2
    $4,288 m2
    04/13/2026
    Price Reduced
    $1.2M
    -4.09%
    $398 ft2
    $4,288 m2
    04/13/2026
    Price Reduced
    $1.2M
    -2.12%
    $415 ft2
    $4,470 m2
    02/22/2026
    Price Reduced
    $1.2M
    -2%
    $424 ft2
    $4,567 m2
    01/11/2026
    Listed
    $1.3M
     
    $433 ft2
    $4,661 m2
    08/12/2026
    $1.2M
    Event
    Sold
    Change
    0%
    Price Per
    $398 ft2
    $4,288 m2
    04/13/2026
    $1.2M
    Event
    Price Reduced
    Change
    -4.09%
    Price Per
    $398 ft2
    $4,288 m2
    04/13/2026
    $1.2M
    Event
    Price Reduced
    Change
    -2.12%
    Price Per
    $415 ft2
    $4,470 m2
    02/22/2026
    $1.2M
    Event
    Price Reduced
    Change
    -2%
    Price Per
    $424 ft2
    $4,567 m2
    01/11/2026
    $1.3M
    Event
    Listed
    Price Per
    $433 ft2
    $4,661 m2
    Price per square foot and days on website are not provided values and are calculated by Subdivisions.
    Listed by Ariel BurnhamCompass Florida, LLC • Buyer Agency Compensation .

    3D Tour

    Listing Location & Street View
    MapStreet View

    Peer Listings

    Active listings from matched communities
    Results 0 of 0
    No listings found
    Try adjusting your filters or changing your location to see available listings
    Turn on listing alerts and we'll notify you
    when matching listings appear

    Scores

    Walk Score®
    Car-Dependent. Almost all errands require a car
    0

    100
    Bike Score®
    Somewhat Bikeable. Minimal bike infrastructure
    37

    100
    Sound Score®
    Bearable noise
    81

    100
    Airport Score
    Close to airports. Noticeable airport activity
    0

    100
    Traffic Score
    Congested area. Frequent traffic delays
    27

    100
    Local Score
    Limited local amenities nearby
    0

    100
    Community Snapshot
    2 – 6 BR
    Bedrooms
    $105K – $6.9M
    Price Tier
    1 - 9,391
    SqFt Range
    2006
    Year Build
    1
    Total Floors

    Subdivision Amenities

    None
    See Remarks

    Cape Coral
    Entry-Level
    Entry-Level Homes & Condos