For a 2,000 square foot, three-bedroom, two-bathroom, pool home with access to the ocean, Cape Coral buyers are paying about $450,000. This compares extremely favorably to the Ft Lauderdale equivalent of $995,000 ? that's a hefty difference to cough up for Lauderdale's greater crime and more frenetic lifestyle.
The Cape Coral area is a relatively unknown, up-and-coming investment opportunity that anybody can see has amazing growth potential. It's on the southern Gulf Coast, between Ft Myers and the famous Sanibel Island. This is a place for families and working individuals, on the fringe of resort paradise islands and the kinds of beaches that draw people with loads of money. There's a lot of money to be made in this region, especially in the real estate situation.
The Cape Coral homes market is a buyer's smorgasbord of inexpensive properties backing onto canals, including everything from luxury homes to modest single-family dwellings. So, why so cheap? Lets take a moment to explore why home prices in Cape Coral are so low.
Why is it so much cheaper in Cape Coral?
Southwest Florida real estate values are experiencing a healthy leveling-out, following the explosive state of the market in the earlier part of the new century. Today, there are loads of homeowners looking to sell their homes in Cape Coral, many of them disillusioned after buying their property when it was at its peak price, and unable to pay a mortgage whose terms were settled before the bubble burst.
Cape Coral home values are also kept modest by a relatively weak jobs market in the region ? many residents are forced to commute to Naples or Sarasota for work. Of course, this is something to smile about if you're retired, or work from home, or have a job in Cape Coral.
Welcome to Cape Coral, and welcome to the ease of diminutive mortgage payments!
Does the grass seem to need cutting more often these days?
Getting older often signals a move and whether you are a baby boomer ready to pack up and follow the sun, or a senior about to pursue your dream, the Cape Coral area is a retirement paradise. The City of Cape Coral itself is not very senior - being only half a century old, so all its buildings are still new and sparkling. The yacht club, medical clinic, golf course and shopping centers are all efficiently up to date.
Although there is a large retirement population, Cape Coral boasts a diverse age range, with the over sixties forming less than half the overall population. There is a big plus to this: when your family comes to visit you in this holiday haven, they can choose from many amusements, including Sun Splash Water Park, Mike Greenwell's Family Fun Park and the most recent addition, the 27,000 square foot Eagle Skate Park.
There is also the Independence Day firework display, known amusingly as Red, White and BOOM!!, which is held every July 4th. It is the largest firework display in the whole of the South West Florida area.
Yes, you can forget strenuous plane rides or road trips to visit the grandchildren. Just relax and let them come to you for the vacation of as lifetime. Meanwhile your lifetime will be one long vacation.
To ensure a hassle-free move, there are now newly-trained Senior Real Estate Specialists who will help where they can with some of the more challenging aspects of moving. Referral to an elder law attorney, estate sales or even lawn care are just a few of the problems that this realty service could take care of for you.
Therefore, the daily problem could be as pleasurable as -what shall we do today? There is so much to choose from: dancing fountain shows, ornamental gardens, rose gardens, taking a trip across one of the bridges into bustling Fort Myers or, of course the favorite, playing around on the water. Cape Coral offers enviable beaches, the broadest spectrum of boating choices and world-class fishing with many different species!
For those of you who may be interested in a waterfront property, you can view the prospective properties from both land and water using my floating office. If you are planning a move to the water for the first time, or you need a refresher, there is a plethora of boating instruction, swimming and lifesaving here. You will soon be ready to enter the sailing regattas or power boat races or whatever style of boating is your druthers.
And the tuition doesn't stop with boats; the community education is much diversified. It spans from computers to cookery, from photography to fishing, from tennis to dance, from languages to landscaping, should I mention the varied exercise classes? ...you get the idea. There are many arts and crafts classes and you don't have to buy your decorative shells or driftwood in a store! There are also several non-profit organizations and volunteer groups who would love to meet you!
Right now is also your best time to meet Cape Coral because it is the ideal time to house hunt as we are in our cooler months, a pleasant seventy degrees and minimal rainfall. The perfect weather for you to be introduced to your new home!
Bill Black has sinced written about articles on various topics from Real Estate, Home Buyers Guide and Real Estate. Bill Black is a RE/MAX REALTOR? specializing in . Longtime Florida resident and waterfront property owner with 24 years of service in the re. Bill Black's top article generates over 201000 views. to your Favourites.