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723 Sw 40th Ter, Cape Coral, FL 33914, USA|Pelican
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Amenities for 723 Sw 40th Ter, Pelican
Apartment Amenities
| Ceiling Fan | Central Air |
| Electric Heating |
Appliances
| Dishwasher | In-Unit Laundry |
Grounds
| Garage Parking |
Other
| Ceiling Fans |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 723 Sw 40th Ter
Sweet deal!
This listing is 20% below the median price for 3 bedroom apartments in Pelican.
Property Status: Active Waterfront Duplex with Gulf Access - 3 Bed, 2 Bath. Discover coastal living at this charming duplex, perfectly situated on the water with Gulf access. This spacious home features 3 bedrooms, 2 bathrooms, and a 1-car garage. With ample room, it's ideal for families or anyone looking to enjoy a waterfront lifestyle. The property is within walking distance to Walmart and a variety of dining options, adding everyday convenience to the serene waterside setting. Complete with a private boat dock, this duplex is perfect for boating enthusiasts or those who love the water. Don't miss this unique opportunity to live by the water while still being close to everything you need! Office Phone: (239) 628-5240 Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 723 SW 40th Terrace, Cape Coral, FL 33914, USA compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
Address details
| Neighborhood | Pelican |
|---|---|
| Zip code | 33914 |
| Type | Apartment for rent |
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Rent trends in Pelican
3-bedroom apartments at 723 Sw 40th Ter cost about 20% less than the average rent price for 3-bedroom apartments in Cape Coral.
Median rents as of Feb 7 2026.
Pelican
Cape Coral
| Month | Median Rent |
|---|---|
| February 2024 | $2,401 |
| March 2024 | $2,435 |
| April 2024 | $2,402 |
| May 2024 | $2,370 |
| June 2024 | $2,438 |
| July 2024 | $2,333 |
| August 2024 | $2,284 |
| September 2024 | $2,290 |
| October 2024 | $2,276 |
| November 2024 | $2,295 |
| December 2024 | $2,280 |
| January 2025 | $2,283 |
| February 2025 | $2,200 |
| March 2025 | $2,200 |
| April 2025 | $2,235 |
| May 2025 | $2,200 |
| June 2025 | $2,193 |
| July 2025 | $2,147 |
| August 2025 | $2,017 |
| September 2025 | $2,028 |
| October 2025 | $2,000 |
| November 2025 | $2,000 |
| December 2025 | $2,000 |
| January 2026 | $2,013 |
| February 2026 | $2,000 |
| Month | Median Rent |
|---|---|
| February 2024 | $2,750 |
| March 2024 | $2,742 |
| April 2024 | $2,893 |
| May 2024 | $2,743 |
| June 2024 | $2,938 |
| July 2024 | $2,650 |
| August 2024 | $2,541 |
| September 2024 | $2,584 |
| October 2024 | $2,507 |
| November 2024 | $2,480 |
| December 2024 | $2,512 |
| January 2025 | $2,693 |
| February 2025 | $2,530 |
| March 2025 | $2,484 |
| April 2025 | $2,502 |
| May 2025 | $2,465 |
| June 2025 | $2,400 |
| July 2025 | $2,550 |
| August 2025 | $2,307 |
| September 2025 | $2,310 |
| October 2025 | $2,203 |
| November 2025 | $2,200 |
| December 2025 | $2,200 |
| January 2026 | $2,150 |
| February 2026 | $2,180 |
Affordability calculator
Can I afford to live at 723 Sw 40th Ter?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$70,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $70,000 annually to afford this 3-bedrooms monthly rent price of $1,750.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 1 year ago | $1,950 | 3 bed | 2 bath | ||
| 2 years ago | $2,400 | 3 bed | 2 bath | ||
| 2 years ago | $2,400 | 3 bed | 2 bath | ||
| 2 years ago | $2,550 | 3 bed | 2 bath |
Schools near 723 Sw 40th Ter
Pelican Elementary School
3525 sw 3rd ave
cape coral, FL, 33914
PK, K-5Public
B
Gulf Elementary School
3400 sw 17th pl
cape coral, FL, 33914
PK, K-5Public
B+
Skyline Elementary School
620 sw 19th st
cape coral, FL, 33991
PK, K-5Public
B
Cape Elementary School
4519 vincennes blvd
cape coral, FL, 33904
PK, K-5Public
A-
Patriot Elementary School
711 sw 18th st
cape coral, FL, 33991
PK, K-5Public
B
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Internet available near 723 Sw 40th Ter
Getting around Cape Coral near 723 Sw 40th Ter
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 723 Sw 40th Ter, Cape Coral
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
3/10
At least one elementary school within a 30-minute walk
High schools
0/10
Closest high school further than a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
1/10
Few or no bars within walking distance
Other units at this address
723 SW 40th Terrace, Cape Coral, FL
723 SW 40th Terrace Cape Coral, FL
Occupied
3 Beds, 2 Baths
3 Beds
2 Baths
$2,400
On-Site Laundry • Air Conditioning • In-Unit Laundry • High Ceilings • Microwave • Dishwasher
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