Real Estate Market in Cape Coral, Florida
Understanding Buying Real Estate in Florida
- Population: 154,000
- Condo: $80,000 – $380,000
- Family Home: $160,000 – $5M
- Waterfront: $500,000 – $5M
- Investment Potential Rating: ***
- Nearest International Airport: Southwest Florida International Airport – 14 miles.
Not far from Fort Myers lies Cape Coral, another popular international property investment destination. Cape Coral was founded in 1957 and was a completely pre-planned city which makes it unusual. It’s the largest city between Tampa and Miami and is referred to as a ‘waterfront wonderland’ as it has over 400 miles of waterways.
In fact, Cape Coral is the city with the largest number of canals in the world. This makes it a great investment destination for those who enjoy canal side living, fishing and wildlife. Cape Coral’s golf courses, and Gulf Coast beaches are also a major draw and the city also has a popular water park. Since the 1990s Cape Coral has attracted a younger crowd and more families, as employment opportunities have increased.
Twenty percent of the population is also seasonal, which points to a good retirement, holiday and tourism investment potential. The summers in Cape Coral are very warm, humid and rainy, while the winters are dry with moderate temperatures.
Cape Coral Property Market Summary
Cape Coral experienced a nearly 40 percent drop in its median house price at the lowest point during the recession. However, while not back up to those heady bubble heights, the market has recovered steadily, with the median house price now reaching $200,000, a 14 percent increase on the previous year. Inventory is steadily decreasing as well, all good signs of a market on the up and investment potential.
Property for Sale in Cape Coral Florida
$185,000 : 3361 DANDOLO CIRCLE, CAPE CORAL3 beds, 3 baths
$279,900 : 614 22ND TERRACE, CAPE CORAL
$309,999 : 3514 SE 2ND PLACE, CAPE CORAL3 beds, 2 baths
$174,900 : 202 44TH TERRACE, CAPE CORAL2 beds, 2 baths
$189,000 : 1633 SE 21st, CAPE CORAL3 beds, 2 baths
$189,000 : 1633 21ST TERRACE, CAPE CORAL3 beds, 2 baths
$259,900 : 905 NW 20TH AVENUE, CAPE CORAL3 beds, 3 baths
$198,125 : 1522 SW 49TH STREET, CAPE CORAL
$245,900 : 1102 SE 14TH STREET, CAPE CORAL
$216,900 : 2337 NW 37th PL, CAPE CORAL4 beds, 2 baths
See all Real estate in the city of Cape Coral.
(all data current as of 11/14/2018)
Listing information deemed reliable but not guaranteed. Read full disclaimer.