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Cape Coral Florida is second low-crime city in Florida
Cape Coral, Florida (FL)
Cape Coral was built just 40 years ago by the Rosen Brothers, who created more than 400 miles of canals. Cape Coral is now one of the fastest-growing areas in Florida and is home to nearly 150,000 residents. The city is known as "A Wonderland by the Sea" because of its abundant waterfront properties and temperate climate.
There are several types of real estate in Cape Coral, Florida to invest in. You may consider investing in empty lots, homes, and even vacation rentals. One thing to keep in mind is that properties found among CapeCoral real estate usually do not come cheap.
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| Population 102,286 | Median Age 41.6 yrs | Household Size: 2.49 |
| Avg Commute: 25.2 min | Avg Income $43,410 | Avg Home Value: $110,800 |
| July High: 91.7°F | January Low: 53.9°F | |
Cape Coral Real Estate
Cape Coral Florida is located on the west coast of Florida, near Fort Myers. Because of its excellent location near the beaches of the Gulf of Mexico, investing in Cape Coral real estate is an excellent idea. Cape Coral is not only a great place to buy a home of your own, but it is also a great place to purchase a second home that you can rent out to vacationers.
Empty lots:
There are lots waiting for homes to be built on, but lots in Cape Coral can easily run over $100,000 or more, depending on the size of the lot. The danger in purchasing an expensive lot is that you may underestimate the cost of building on the lot, and not have enough to finish your dream home. If you aren’t interested in building, there are plenty of homes already built that are for sale.
A house of your own:
A three or four bedroom waterfront home, with access to the Gulf can easily run into the million dollar amount. Not every house comes with a view, however. There are many homes that do not have a view, which lowers the price considerably. A home without access to the Gulf or a view will go for just under $200,000. Of course, there are homes with Gulf access that cost near $300,000. Many homes that are listed as waterfront are not near the Gulf, but have access to or a view of the canal that leads to the Gulf. If you want to go somewhere cooler for the summer, you will find that it is not difficult to rent out your home. Or, you can invest in Florida real estate by purchasing other houses, condos, or apartments to rent out all year long.
A house to rent out:
Because of its easy access to the Gulf of Mexico, real estate in Cape Coral is vacation real estate. People who enjoy sailing, boating, and deep sea fishing flock to Cape Coral all year long. Tourists will pay top dollar for a place to stay near the water. Most vacation rentals in Cape Coral can make near $1000 per week.
If you have the money and want to invest in some Florida real estate, you could consider purchasing an apartment or condo. Condos and apartments are expensive to buy, yes, but you can charge $500-$2000 per unit per week, depending on the exact location and size of the unit. The rooms with the views will make you a lot more.
If you are going to rent out the building you purchase then keep in mind that you must pay a 9% tax. So include this or add it to the rental fee. You will also have to consider the cost of taxes on and upkeep of the facility.
What a view:
There is a great deal of Cape Coral real estate that has an excellent view, and it is not always of the Gulf of Mexico. There is a canal that leads to the Gulf. The canal is large, and is a beautiful site. Having access to the canal allows you to float your way down to the Gulf, and provides you with a waterfront view at a slightly lower cost.
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