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About this home
1918 SE 40th St is a 2011-built home in Cape Coral, Cape Coral. Inside you'll find 5 bedrooms, 6 bathrooms, and 3,562 square feet of living space. Listed at $2,695,000 (about $757/sqft), 22 days on market. Flood zone AE - confirm flood insurance requirements with your lender.
DIRECT SAILBOAT ACCESS, no bridges, from a wide-water lot on a 200-foot canal just 150 yards off the Caloosahatchee. Untie the lines and you are running open water before your coffee cools. Set in the sought-after Savona neighborhood of southeast Cape Coral, this two-story, 5-bedroom, 6-bath residence of approximately 3,600 square feet is built around the view. The outdoor living rivals a private resort: a resurfaced saltwater pool, new travertine decking, a full outdoor kitchen, and a waterfront tiki hut made for long evenings after a day offshore. At the water, a new composite dock deck, a 40-foot slip, a 30,000-lb boat lift, and a Jet Ski lift wait for whatever you keep in the water. Step inside and the scale registers immediately: ~12-foot ceilings on the main level, with luxury maintenance-free LVP flooring throughout. Four bedrooms are en-suite with walk-in closets, and a flexible fifth room serves as a home office, den, or guest suite. The primary suite is genuinely private, with its own mini-split and dedicated water heater. The gourmet kitchen anchors the home with expansive custom cabinetry, a 48-inch gas range with double oven and griddle, a wood-paneled refrigerator, and a seamless 6.5-by-11-foot island built for a crowd. This home was built to run itself. A new standing-seam metal roof and Large Missile impact-rated windows (both 2024), hurricane screens on the lanai (2025), paid-in-full net-metered solar, Tesla Powerwall batteries, and a 24kW Generac generator on a 500-gallon underground tank mean it closes up tight and keeps running on its own terms. Dual Trane 16-SEER variable-speed HVAC systems (2024 and 2026), a new pool pump, heater, and saltwater system (2024), central vacuum, and full-perimeter security round it out. Electric bills averaged $50 a month or less in 2025. Fine dining and nightlife are minutes away, so a quiet evening on the water and a night out are equally easy decisions. Bridge-free open water. Resort-caliber outdoor living. Nothing left to do but arrive.
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The essentials
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Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Quick answers.
Price
$2,695,000
$757 per sq ft
Beds and baths
5 beds, 6 baths
Size
3,562 sq ft
Time on market
22 days
Year built
2011
Monthly payment
About $15,529/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,509 annual tax bill, insurance.
Flood zone
Zone AE
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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