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Blue Mar Real Estate Group Inc., Licensed Florida Real Estate Broker

Blue Mar Real Estate Group Inc.

Licensed Florida Real Estate Broker · DBPR License CQ1018554

4000 Ponce De Leon Blvd, Suite 470, Coral Gables, FL 33146

[email protected]

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+10

1637 NW 39th Avenue

Cape Coral, FL, 33993

Active

$154,900

1637 NW 39th Avenue

Cape Coral, FL, 33993

Active

$154,900

—

Bedrooms

—

Bathrooms

—

Living Area

—

Year Built

60

Days on Market

Dock & Water AccessMLS

CanalAccess

Canal WidthDockOnly

At the dock

County parcel data
100ft
dock100 ft

Single measurement at the dock · width variation along the canal not yet available

Measured perpendicular from this parcel's waterfront edge to the parcel directly across the canal, using surveyed county GIS boundaries.

Will it turn around?

Up to 36 ft

Easy
handling

36–49 ft

Fits
with care

49–56 ft

Tight
(back-in)

Boats over 56 ft typically back in/out rather than turning here. Clear channel ≈ 74 ft with boats moored both sides (~13 ft per side for dock + beam). Wide-beam yachts need the upper end of each range.

Data sources: SFWMD AHED waterway polygons · FHWA National Bridge Inventory 2024 · Not provided by the MLS or listing broker.

Description

There’s a certain kind of waterfront property that does more than offer a place to build—it creates the backdrop for an entirely different pace of life. This Gulf access homesite along the Penelop Canal in Unit 61 offers that rare combination of immediate enjoyment and long-term opportunity, with approximately 80 feet of waterfront and a spacious 125-foot depth that gives you room to design a home tailored to the way you truly want to live. Here, the water naturally becomes part of your daily routine. Imagine stepping from your future lanai to your boat in just moments, with the freedom to head out for a sunrise cruise, a spontaneous afternoon on the islands, or a full day exploring the Gulf waters. From this location, destinations like Cayo Costa, Cabbage Key, Boca Grande, and Sanibel are all within easy reach, making waterfront dining, fishing adventures, and quiet beach escapes feel effortlessly accessible. One of the most underrated features of this property is its eastern rear exposure—a setting many waterfront buyers grow to appreciate more with time. Mornings begin with soft sunlight shimmering across the canal, creating a calm and welcoming atmosphere, while afternoons bring a more comfortable outdoor environment with natural shade over your future pool and lanai area. It’s the kind of orientation that supports relaxed outdoor living year-round without the harsh intensity of direct western heat. The location also places you near one of Cape Coral’s most exciting future developments. Situated roughly a mile from the highly anticipated Seven Islands project, this area continues to attract attention as new construction and infrastructure reshape the surrounding corridor. With plans for marina access, waterfront dining, recreation, entertainment, and gathering spaces, Seven Islands is expected to further elevate both lifestyle appeal and long-term value throughout Northwest Cape Coral. Beyond the boating lifestyle, everyday conveniences remain close at hand. A championship golf course sits just a few miles away, along with expanding shopping and dining options throughout the area. Travel is equally convenient, with Punta Gorda Airport approximately 20 miles away and Southwest Florida International Airport within about 30 miles. More than just vacant land, this property offers the opportunity to create something deeply personal—a home where mornings begin with reflections dancing on the water, afternoons unfold at a slower pace, and boating becomes woven into everyday life. As the surrounding area continues to grow and evolve, this homesite offers not only a beautiful setting for today, but also a meaningful investment in what’s still to come.

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Location

Cape Coral, FL, 33993

No price history available for this property.

Displayed by Blue Mar Real Estate Group Inc., Licensed Florida Real Estate Broker (DBPR CQ1018554) · [email protected]

Listing courtesy of RE/MAX Realty Team via Florida Gulf Coast MLS

Last checked: July 22, 2026

Listing updated: July 6, 2026

© 2026 Florida Gulf Coast Association of REALTORS®, Inc. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the Florida Gulf Coast Association of REALTORS®. Information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

FEMA Flood Zone AE
BFE: 8ft

Special Flood Hazard Area

View FEMA Flood Map →
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Mortgage Calculator

Estimate your monthly payment for this waterfront property

20%

$30,980 down

%
Principal & Interest$804/mo
Property Tax (est. ~1.2%, varies by county)$155/mo
Home Insurance (est.)$250/mo
Total Monthly Payment$1,209
Loan Amount: $123,920Rate: 6.75%
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Estimated payments only. Actual rates and terms may vary.

$154,900Tour the dockSchedule a Showing