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
$230,000 : 1835 0, CAPE CORAL3 beds, 2 baths
$410,000 : 3054 NW 4th Place, CAPE CORAL3 beds, 3 baths
$129,900 : 2717 SE 18th Avenue, CAPE CORAL2 beds, 2 baths
$195,900 : 2813 NE 4TH PLACE, CAPE CORAL3 beds, 2 baths
$144,500 : 725 9TH STREET, CAPE CORAL3 beds, 2 baths
$199,000 : 1316 DIPLOMAT PKWY W, CAPE CORAL3 beds, 2 baths
$549,900 : 3919 SW 13th Ave, CAPE CORAL4 beds, 4 baths
$240,000 : 1118 11TH STREET, CAPE CORAL3 beds, 2 baths
$249,900 : 1222 SW 20th Avenue, CAPE CORAL4 beds, 2 baths
$369,000 : 1413 SE 29TH TERRACE, CAPE CORAL3 beds, 3 baths
See all Your city of Cape Coral Property Search.
(all data current as of 7/21/2018)
Listing information deemed reliable but not guaranteed. Read full disclaimer.