Auction Ended Aerial imagery (county GIS)

1005 SE 40TH ST 3

Cape Coral, FL · Lee County · Condo

$154,353Opening bid

⏱ The auction date has passed. Final result pending confirmation from Lee County records.

Note: The opening bid is higher than the estimated market value, so there is no estimated equity in this property at the opening bid.

Deal analysis

$154,353Opening bid

$132,511Est. market value

$-21,842 Shortfall at opening bid

17% ABOVE est. value

You pay $154,353

$-21,842 equity

Estimated market value is derived from Lee County property-appraiser data. Equity and discount are automated calculations, not an appraisal or a valuation. How these figures are calculated →

Property & estimates

Living area1,109 sqft

Year built1982

Property typeCondo

Price per sq ft$139

Est. rehab cost$24,000

Est. after-repair value$140,000

Est. monthly rent$950

Est. cap rate4.4%

Rehab, ARV, rent and cap rate are automated heuristics derived from county data — not inspections, appraisals, or rental appraisals. Figures shown as “Not available” are ones we do not hold reliable inputs for.

Payment estimate

Down payment: 20%

Est. monthly (P&I, 7%, 30-yr)—

Rough estimate on the price shown; taxes, insurance and HOA not included.

Location — Cape Coral, Lee County

Approximate location. Confirm the exact parcel with the county before bidding.

About this property

This condo at 1005 SE 40TH ST 3 in Cape Coral, Lee County is a foreclosure auction opportunity. It offers about 1,109 sqft of living space. A foreclosure auction is scheduled for Jun 11, 2026 at 9:00 AM; confirm the date and any liens with the county before bidding. Figures are automated estimates from public records — verify condition, title, and status with Lee County.

Estimates are automated and for research only — not an appraisal, offer, or financial advice. Verify condition, liens, title, and auction status directly with Lee County before bidding or buying.