1903 SE 40th Ter, Unit 104

$710,000
Price
4
Beds
2,305 Sq. Ft.
$308 / Sq. Ft.
2,305
Sq. Ft.
$308
per Sq. Ft.

Description

A piece of paradise! This gorgeous 2 story penthouse is a rare gem to find in cape coral. Great for the avid boater, fisherman, or just for you to enjoy luxury maintenance free living. This exquisite waterfront residence offers an unparalleled living with Direct Gulf Access, just 100 yards from the river. Breathtaking views through 23-foot floor-to-ceiling impact-resistant windows that frame two 200-foot intersecting canals right in your backyard. Endless entertainment from your private screened...A piece of paradise! This gorgeous 2 story penthouse is a rare gem to find in cape coral. Great for the avid boater, fisherman, or just for you to enjoy luxury maintenance free living. This exquisite waterfront residence offers an unparalleled living with Direct Gulf Access, just 100 yards from the river. Breathtaking views through 23-foot floor-to-ceiling impact-resistant windows that frame two 200-foot intersecting canals right in your backyard. Endless entertainment from your private screened in balcony. Relax and watch dolphins play, manatees graze, boats cruising by chasing the beautiful Florida sunsets. Every inch of this home was tastefully remodeled over the years. The oversized kitchen is a culinary masterpiece, adorned with quartz countertops, designer tile, and premium soft close cabinetry, seamlessly flowing into a sophisticated breakfast bar. The residence is graced with a host of luxurious amenities, including a handmade 23ft tall natural stone fireplace, luxury vinal flooring, wet bar, custom floor-to-ceiling drapes, remote shades, illuminated captains walk and fishing pier. The community offers a heated pool with serene canal views, fishing pier, and for boating enthusiasts, a deeded boat lift awaits, along with your personal private garage, plus an abundance of guest parking. Enjoy a leisurely lifestyle with boating facilities that complement this unique offering. Experience Cape Coral's finest living in a home that is truly one-of-a-kind in an exceptional location for a vibrant lifestyle, 1 mile to downtown cape coral loaded with local restaurants, annual festivities and city-organized events. Motivated sellers with financing available at 4.75% interest.

Listing Agent

  1. Ian Alters

    Ian Alters

    Listing Agent

    Compass

    ian.alters@compass.com

    P: (239)-900-9006

Property Details for 1903 Southeast 40th Terrace, Unit 104

Area
CC12 - Cape Coral Unit 7-15
Development
CAPE CORAL
Sub Condo Name
CAPE CORAL
Waterfront
Yes
Waterfront Desc
Canal, Intersecting Canal, River Frontage
Gulf Access Type
No Bridge(s)/Water Direct
View
Canal, Intersecting Canal, River, Water
Furnished Desc
Unfurnished
LISTING UPDATED: 11/29/2025 06:43 PM

Property Details for 1903 Southeast 40th Terrace, Unit 104

StatusPending With Contingencies
MLS #225020692
Days on Market158
Taxes$4,342 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Low Rise (1-3)
Year Built1981
CountyLee County
Buyer's Agent Compensation2.5%

Location

Add your commute

Virtual Tour

Building Information for 1903 Southeast 40th Terrace, Unit 104

Building/Complex1903 SE 40th TerFloor1Stories2Residences7Pet Policy-Pet Policy Details-Year Built1981

Payment Calculator

$3,870 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,508

Property Taxes

$362

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1903 Southeast 40th Terrace, Unit 104

Summary
Location and General Information
  • Amenities: Community Boat Dock, Pool, Fish Cleaning Station, Fishing Pier, Sidewalk, Underground Utility
  • Community Type: Pool, Fishing, Sidewalks
  • Pets: With Approval
  • Status Type: Resale Property
  • Property Features: Cable Prewire
Parking
  • Carport Desc: 1 Assigned, Guest, Attached
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Covered Spaces: 1
  • Garage: Yes
  • Total Parking: 1
HOA and Fees
  • HOA Desc: Yes
  • HOA Fee: $.00
  • Condo Fee: $0
  • Primary HOA Fee: $2,604
  • Primary HOA Fee Freq: Quarterly
  • Total Annual Recurring Fees: $10,416.00
  • Tax Annual Amount: $4,342.38
Interior and Exterior Features
Interior Features
  • Laundry Features: Laundry in Residence
  • Approx Living Area: 2305.0
  • Living Area Units: Square Feet
  • Bedroom Desc: Two Master Suites
  • Bedrooms: 4 Bed
  • Dining Description: Breakfast Bar,Formal
  • Elevator: None
  • Appliances: Electric Cooktop, Dishwasher, Disposal, Microwave, Refrigerator/Freezer
  • Equipment: Auto Garage Door, Cooktop - Electric, Dishwasher, Disposal, Microwave, Refrigerator/Freezer, Smoke Detector
  • Flooring: Laminate, Tile
  • Interior Features: Bar, Built-In Cabinets, Custom Mirrors, Fireplace, French Doors, Volume Ceiling, Window Coverings, Cable Prewire
  • Num Unit Floor: 2
  • Private Pool Desc: Community
  • Private Pool: No
  • Private Spa: No
  • Room Count: 0
  • Total Floors: 2
  • Baths Full: 3
  • Half Bathrooms: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms: 3
  • Bedrooms Total: 4
  • Door Features: French Doors
  • Fireplace: Yes
  • Foundation Details: Concrete Block
  • View YN: Yes
  • Floor Plan Type: Split Bedrooms
  • Kitchen Description: Island
  • Additional Rooms: Great Room, Laundry in Residence, Loft, Screened Lanai/Porch
  • Gas: No
Exterior Features
  • Exterior Features: Boat Dock Private, Boat Lift, Captain's Walk, Elec Avail at dock, Water Avail at Dock, Screened Lanai/Porch, Storage, Patio
  • Exterior Finish: Concrete Block, Stucco
  • Roof: Metal
  • Windows: Window Coverings
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows
Property Information
Utilities
  • Cooling: Central Electric
  • Cooling YN: Yes
  • Heat: Central Electric
  • Heating YN: Yes
  • Irrigation: Assessment Paid, Central
  • Water: Assessment Paid, Central
Rental
Rental Information
  • Lease Limits YN: Yes
  • Horse: No
  • Lease Term: Buyer Finance/Cash, FHA, Seller Financing, VA
  • Transfer Fee: $.00
  • Leases Per Year: 1
  • Min Days of Lease: 365

Property History for 1903 Southeast 40th Terrace, Unit 104

DateEvent & SourcePriceAppreciation
Sep 10, 2025

Pending

MFRMLS #O6298870

—
Aug 2, 2025

Pending With Contingencies

Naples Area Board of REALTORS #225020692

—
Jun 12, 2025

Price Change

MFRMLS #O6298870

$710,000—
Jun 12, 2025

Price Change

Naples Area Board of REALTORS #225020692

$710,000—
May 29, 2025

Price Change

MFRMLS #O6298870

$720,000—
May 22, 2025

Price Change

Naples Area Board of REALTORS #225020692

$720,000—
May 16, 2025

Price Change

MFRMLS #O6298870

$730,000—
May 2, 2025

Price Change

Naples Area Board of REALTORS #225020692

$730,000—
Apr 10, 2025

Listed (Active)

MFRMLS #O6298870

$740,000—
Feb 24, 2025

Listed (Active)

Naples Area Board of REALTORS #225020692

$740,000—
Oct 2, 2023

Sold (Public Record)

Public Record #1519712652

$620,000

+25.6% / yr

Oct 2, 2023

Sold

Naples Area Board of REALTORS #223034034

$620,000—
Oct 2, 2023

Sold

FORTMLS #223034034

$620,000—
Sep 15, 2023

Pending

Naples Area Board of REALTORS #223034034

—
Sep 14, 2023

Pending

FORTMLS #223034034

—
Sep 8, 2023

Price Change

Naples Area Board of REALTORS #223034034

$655,000—
Sep 8, 2023

Price Change

FORTMLS #223034034

$655,000—
Aug 16, 2023

Price Change

Naples Area Board of REALTORS #223034034

$665,000—
Jun 8, 2023

Price Change

FORTMLS #223034034

$665,000—
May 22, 2023

Price Change

FORTMLS #223034034

$675,000—
May 5, 2023

Listed (Active)

FORTMLS #223034034

$685,000—
May 5, 2023

Listed (Active)

Naples Area Board of REALTORS #223034034

$685,000—
Jul 30, 2020

Sold

FORTMLS #219053011

$300,000—
Jul 30, 2020

Pending

FORTMLS #219053011

—
Jul 24, 2020

Sold (Public Record)

Public Record #674733498

$300,000

-3.6% / yr

Aug 7, 2019

Listed (Active)

FORTMLS #219053011

$395,000—
Aug 6, 2019

Expired

FORTMLS #218048094

$395,000—
Aug 6, 2018

Listed (Active)

FORTMLS #218048094

$425,000—
Jul 30, 2017

Expired

FORTMLS #216074682

$495,500—
Nov 30, 2016

Listed (Active)

FORTMLS #216074682

$525,000—
Dec 31, 2013

Expired

FORTMLS #201301217

$495,000—
Dec 31, 2012

Expired

FORTMLS #201230953

$495,000—
Jan 5, 2010

Expired

FORTMLS #200900499

$649,000—
Dec 3, 2008

Expired

FORTMLS #200773274

$695,000—
Nov 13, 2007

Expired

FORTMLS #200684828

$695,000—
Oct 18, 2006

Expired

FORTMLS #200523190

$695,000—
Jun 30, 2005

Sold (Public Record)

Public Record #166062500

$525,000—
Feb 9, 2001

Sold

FORTMLS #60059318

$239,000—
Jan 27, 2001

Pending

FORTMLS #60059318

—
DateEvent & SourcePrice
09/10/2025

Pending

MFRMLS #O6298870

—
08/02/2025

Pending With Contingencies

Naples Area Board of REALTORS #225020692

—
06/12/2025

Price Change

MFRMLS #O6298870

$710,000
06/12/2025

Price Change

Naples Area Board of REALTORS #225020692

$710,000
05/29/2025

Price Change

MFRMLS #O6298870

$720,000
05/22/2025

Price Change

Naples Area Board of REALTORS #225020692

$720,000
05/16/2025

Price Change

MFRMLS #O6298870

$730,000
05/02/2025

Price Change

Naples Area Board of REALTORS #225020692

$730,000
04/10/2025

Listed (Active)

MFRMLS #O6298870

$740,000
02/24/2025

Listed (Active)

Naples Area Board of REALTORS #225020692

$740,000
10/02/2023

Sold (Public Record)

Public Record #1519712652

$620,000

+25.6% / yr

10/02/2023

Sold

Naples Area Board of REALTORS #223034034

$620,000
10/02/2023

Sold

FORTMLS #223034034

$620,000
09/15/2023

Pending

Naples Area Board of REALTORS #223034034

—
09/14/2023

Pending

FORTMLS #223034034

—
09/08/2023

Price Change

Naples Area Board of REALTORS #223034034

$655,000
09/08/2023

Price Change

FORTMLS #223034034

$655,000
08/16/2023

Price Change

Naples Area Board of REALTORS #223034034

$665,000
06/08/2023

Price Change

FORTMLS #223034034

$665,000
05/22/2023

Price Change

FORTMLS #223034034

$675,000
05/05/2023

Listed (Active)

FORTMLS #223034034

$685,000
05/05/2023

Listed (Active)

Naples Area Board of REALTORS #223034034

$685,000
07/30/2020

Sold

FORTMLS #219053011

$300,000
07/30/2020

Pending

FORTMLS #219053011

—
07/24/2020

Sold (Public Record)

Public Record #674733498

$300,000

-3.6% / yr

08/07/2019

Listed (Active)

FORTMLS #219053011

$395,000
08/06/2019

Expired

FORTMLS #218048094

$395,000
08/06/2018

Listed (Active)

FORTMLS #218048094

$425,000
07/30/2017

Expired

FORTMLS #216074682

$495,500
11/30/2016

Listed (Active)

FORTMLS #216074682

$525,000
12/31/2013

Expired

FORTMLS #201301217

$495,000
12/31/2012

Expired

FORTMLS #201230953

$495,000
01/05/2010

Expired

FORTMLS #200900499

$649,000
12/03/2008

Expired

FORTMLS #200773274

$695,000
11/13/2007

Expired

FORTMLS #200684828

$695,000
10/18/2006

Expired

FORTMLS #200523190

$695,000
06/30/2005

Sold (Public Record)

Public Record #166062500

$525,000
02/09/2001

Sold

FORTMLS #60059318

$239,000
01/27/2001

Pending

FORTMLS #60059318

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1903 Southeast 40th Terrace, Unit 104

Taxable ValueLand-Additions-Total-
Tax Record2024$4,342 ($362 / month)
Home Facts
Beds3Total Finished SqFt1,393 SqFtAbove Grade Finished SqFt1,393 SqFtStories2Lot Size4,404 SqFtStyleCondominiumYear Built1981CountyLEEAPN08-45-24-C1-0040A.1040Fireplace TypeHas Fireplace

Schools near 1903 Southeast 40th Terrace, Unit 104

This home is within School District of Lee County.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Pelican Elementary School
PublicPK to 5

Skyline Elementary School
PublicPK to 5

Patriot Elementary School
PublicPK to 5

Cape Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.