1331 NW 40TH PLACE

CAPE CORAL, FL 33993

<LAST PRICE REDUCTION><HIGHEST & BEST BY 03/20/2026> Seller reserves the right to accept an offer prior to the deadline. Rare opportunity to secure a waterfront lot in one of Cape Coral’s fastest-growing areas, where continued residential expansion and new commercial development are contributing to strong demand and ongoing growth. Priced aggressively, this freshwater canal property offers exceptional upside for investors, builders, or buyers looking to secure land in a market experiencing significant population growth and continued development across Southwest Florida. Situated on a quiet residential street in Northwest Cape Coral, the property is surrounded by established homes and steady new construction throughout the neighborhood. The lot offers direct freshwater canal frontage, creating a peaceful setting with beautiful water views and an excellent opportunity to design and build a custom home centered around outdoor living and the Southwest Florida waterfront lifestyle. Cape Coral continues to attract buyers from across the country due to its affordable waterfront living, warm year-round climate, favorable tax environment, and proximity to Fort Myers, Gulf beaches, boating, fishing, and outdoor recreation. With strong migration into Southwest Florida and continued development throughout the city, the area remains highly desirable for both homeowners and investors. Several infrastructure improvements and expanding commercial corridors are helping support this growth. Ongoing development across the region is bringing additional retail, restaurants, services, and employment opportunities, while continued residential construction throughout Northwest Cape Coral highlights the area’s strong demand for new housing. With no HOA and no rental restrictions (buyer to verify), this property offers maximum flexibility whether you're planning to build a personal residence, construct a spec home, or hold as a long-term investment while the surrounding area continues to develop. Waterfront lots with canal access, strong growth fundamentals, and aggressive pricing are becoming increasingly difficult to find in Cape Coral. Whether you're a builder, investor, or future homeowner looking to secure property in one of Southwest Florida’s most active growth markets, this property presents a compelling opportunity with strong long-term potential. Seller is requesting highest and best offers by 03/20/2026. Priced aggressively — serious buyers should act quickly.

Listing courtesy of RICHARD PETERS REALTY LLC (850) 296-0904



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Last checked: 2026-03-16 07:00 AM EDT