611 SW 40th TERRACE, Cape Coral, FL, 33914 | $799,900

Under contract-accepting backup offers. Stunning NEWLY CONSTRUCTED residence, just FINISHED in SW Cape Coral! This home boasts 4 Bedrooms, 2 Full Bathrooms, a 3 Car Garage, and nearly 1800 sq. ft. of living space, complete with a TILE ROOF. Positioned on an impressive 80-foot wide GULF access canal (Bonnie Canal), it features a boat dock with a lift (13k capacity), a charming tiki hut, and a concrete patio that offers scenic waterfront views. Take a refreshing dip in the oversized screened lanai, complete with an in-ground heated pool and a saltwater system, and ample space for loungers to bask in the Florida sun. Abundant natural light streams in through the hurricane-impact glass sliders and windows. Porcelain tile floors grace every room in the house. The kitchen showcases granite countertops, stainless steel appliances, contemporary cabinetry, an exquisite backsplash, and a generous island with additional seating, all overlooking a formal dining and living area. The master bedroom features a separate sliding door leading to the pool area, two walk-in closets, double sinks, and an expansive shower with dual shower heads. Discover the pinnacle of luxury living in Cape Coral, FL! This residence is fully completed and move-in ready!

Features

  • Rooms: 11
  • Bedrooms: 4
  • Baths: 2 full
  • Lot Size: 80 x 125
  • Laundry: Laundry Room
  • Year Built: 2023
  • Garage: 3-car
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,776
  • Acreage: 0.23
  • Lot Size: 80 x 125
  • Est. Taxes: $1,372
  • Pool: Gunite, In Ground
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: C7481752
  • Days on Market: 199 days
  • Website: https://www.raveis.com
    /prop/C7481752/611sw40thterrace_capecoral_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 6/2/2024 5:47:20 PM)

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Ashley AustianSales Associate

239.233.6877

Ashley.Austian@raveis.com

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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Our Insurance Division:

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611 SW 40th TERRACE, Cape Coral, FL, 33914

$799,900

Ashley Austian

Sales Associate

William Raveis Real Estate

Phone: 239.233.6877

Ashley.Austian@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $639,920 $639,920 $639,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 8.011% 7.171% 6.538%
Monthly Tax Payment $114 $114 $114
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,420 $4,253 $5,487
Total Monthly Payment $4,626 $4,459 $5,693

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.