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2115 40th Terrace, Cape Coral
New construction
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NE CAPE · 33909

2115 40th Terrace

Cape Coral, FL 33909

$291,990
New construction Zone X

$196 / sq ft · 18 days on market

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  • 3 Beds
  • 2 Baths
  • 1,487 Sq ft
  • 2026 Built
  • 0.229 ac Lot

How this home is priced

List price $291,990, measured against the last 120 days of new-construction closings in Cape Coral — comparable new builds are closing in about 106 days.

$196

Per sq ft

Sold median $231

-27.0%

vs median sold

$400K median

106 days

Median days to close

New construction

99.1%

Sold-to-list

Typical negotiation

Builder & community

Builder
Lennar Homes
Community
CAPE CORAL
Subdivision
CAPE CORAL
MLS status
Active
See all Lennar Homes homes

Utilities & assessments

Cape Coral's Utilities Extension Project converts well-and-septic streets to city water; the assessment follows the property.

Water
Well
Sewer
Septic Tank
Utility assessment
Possible in future

Possible future utility assessment. This street is on well and septic today. A future UEP assessment (often $12,000+) may be levied when city utilities arrive; ask the builder whether it is included.

Source: MLS. Verify current and future utility assessment status with the City of Cape Coral and the seller.

Flood zone Zone X

Minimal flood risk. Flood insurance is optional for most lenders and typically inexpensive on a new build. Read the flood-zone guide.

About this home

One or more photo(s) has been virtually staged, AI generated or rendered. Discover the allure of new single-family homes across Cape Coral, offering waterfront options and the benefits of no HOA fees. This new single-story home maximizes space and emphasizes convenience. The open-concept layout integrates the family room, dining room and kitchen with a central island, facilitating effortless transitions between rooms for easy entertaining during gatherings. On the opposite side of the home are all three bedrooms, including the peaceful owner’s suite with an attached bathroom and walk-in closet. Prices, dimensions and features may vary and are subject to change. Photos are for illustrative purposes only. Estimated delivery date is Nov/Dec 2026.

Home features

Bedrooms
3
Bathrooms
2
Living area
1,487 sqft
Garage
2-car
Pool
No
Waterfront
No
Lot
0.229 acres
Stories
1
Year built
2026

Property details

MLS #
1184962426
Status
Active · New construction
MLS status
Active
Property type
Single-family residence
Subdivision
CAPE CORAL
Listed
Aug 25, 2026
Days on market
18
ZIP
33909
County
Lee County
Water
Well
Sewer
Septic Tank

Location

Open in Maps
DM

Listing agent

Dave Meyers

Lennar Realty Inc

Call

The data relating to real estate for sale on this website comes in part from the Southwest Florida MLS. Real estate listings held by brokerage firms other than the listing broker are marked with the IDX logo. Information deemed reliable but not guaranteed. © 2026 Southwest Florida MLS. Listing courtesy of Lennar Realty Inc.

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