3923 NW 40th ST, Cape Coral, FL 33993

Property Description

OPPORTUNITY KNOCKS IN NW CAPE CORAL! Here’s your chance to secure a standard residential homesite in one of the most desirable and rapidly growing areas of Northwest Cape Coral. Located just off OLD BURNT STORE ROAD, this fully cleared lot sits among a collection of NEW AND NEWER HOMES, creating an attractive neighborhood setting where quality construction continues to shape the area’s future. With new builds appearing throughout the surrounding streets, this is the kind of location buyers and builders are seeking when looking for a quiet residential setting with long-term upside. This property offers the flexibility to build now or hold as an investment while development continues to move steadily north and west in the Cape. Off-water lots like this remain one of the smartest ways to secure a foothold in Cape Coral without paying the premium price and higher taxes that waterfront properties command. Many local residents choose this strategy—owning an off-water home while keeping their boat on a trailer or at a nearby marina, allowing them to enjoy the same incredible waterways without the added carrying costs of waterfront ownership. Cape Coral is world famous for its more than 400 miles of canals and endless opportunities for boating, fishing and waterfront recreation. While a quarter of those canals lead directly to the Gulf of Mexico, the beauty of living in this part of the city is that you’re just minutes from several public boat ramps and marinas that put you quickly into open water. From nearby BURNT STORE MARINA, boaters can easily reach CHARLOTTE HARBOR, BOCA GRANDE PASS, CAYO COSTA, CABBAGE KEY and the legendary fishing grounds of MATLACHA PASS. Anglers from around the world come to these waters in search of tarpon, snook and redfish. Beyond the water, NW Cape continues to attract buyers because of its relaxed pace, larger homesites and beautiful newer construction homes. The area is close to CORAL OAKS GOLF COURSE, local parks, schools, shopping, dining and everyday conveniences, while still maintaining the peaceful residential feel that so many people are seeking when they move to SW Florida. Another exciting factor for this location is its proximity to the future SEVEN ISLANDS PROJECT, a planned waterfront destination that is expected to bring restaurants, boutique shops, marinas, waterfront boardwalks, kayaking access and a variety of entertainment options to the Northwest Cape area. This large-scale redevelopment is designed to become a signature waterfront gathering place for residents and visitors alike, adding long-term value and vibrancy to the surrounding neighborhoods. Build your dream home, hold as a long-term investment, or secure a piece of Southwest Florida while prices remain favorable. Cape Coral continues to be recognized as one of the country’s top destinations for waterfront lifestyle, affordability and quality of life. City notation of tortoise nest, but to verify and do their own due diligence. NO verbal offers.

Listing Status:

Active

Date Added:

March 11, 2026

Data Last Updated:

March 18, 2026 at 12:06PM

Listing Office:

Encore Realty Services Inc : (239) 542-4600

MLS ID:

2026011878

Location

• Road/Access: Paved
• HOA Amenities: 0.0
• Originating MLS: Florida Gulf Coast
• County: Lee

Lot

• Zoning: R1-DCAPE CORAL UNIT 91 BLK 5504 PB 24 PG 92 LOTS 45 + 4618-43-23-C4-05504.0450
• View: Landscaped AreaView
• Current Use: 00-Vacant Residential
• Restrictions: No CommercialNo RV

Utilities

• Water: None
• Sewer: None

Financial

• Source: Florida Gulf Coast