Home Buying in Cape Coral>Question Details

Onaas, Home Buyer in Cape Coral, FL

Is the Burnt Store Road area expected to be built up soon? Are saltwater properties up there a good investment?

Asked by Onaas, Cape Coral, FL Sat Sep 8, 2012

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Depends how soon you mean. If you look at the logistics Burnt Store Rd should become a corridor along the shore. I feel that area will develop. Salt water properties in the North Cape area are a good value now.

Barbara Klare, Broker Associate
Gulf Coast Realty
cell: 239-292-1358
e-mail: bklare@comcast.net
http://www.cape-coral-foreclosure.com
0 votes Thank Flag Link Sat Oct 20, 2012
The burnt Store Area is currently being built up with commerical and residential.. Actually, I would say the Burnt Store area currently has the most activity going for new single family homes being built.


Saltwater property - can not create anymore than what is already - supply and demand - = invest $$

Great question and a lot of good answers were provided.

I boated & fished almost all of those canals/waterway so let me know if you have any other questions.

http://kbeyea.advantarealty.com

m.beyea.advantarealty.com
0 votes Thank Flag Link Fri Oct 19, 2012
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Terence Trombetti • Real Estate Agent
CELL: 239.560.1574
E-Mail: terencetrombetti@gmail.com
http://www.gulfcoastproperty.net
Gulf Coast Realty Network
4002 Del Prado Boulevard S.
Cape Coral Florida 33904
0 votes Thank Flag Link Sat Oct 6, 2012
Saltwater properties are always a good investment if they are price right, and I mean at their current fair market value. The Regional real estate market has been rising in value sine the middle or 3rd quarter of 2010 and saltwater properties are always most desired types of property wanted.

My personal expectation on your build up part of your question is first yes it will be built up one day. However, it is dependent on a variety of factors and all of those factors dancing together well. If the economy continues to improve and hopefully at a greater rate, and if inventory of homes available continues to decrease, as it has for the past 2 years, then home prices will continue to rise, as will demand and at some point it will become just as costly to buy a home as it will be to build a new one. At that time you will see building begin at a greater and greater rates. I also believe that we are getting closer to that time in the near future. Perhaps 2013 and I should hope no longer than 2014.

If you would like to talk about it in more detail, please feel free to contact me at your convenience.

Kind regards,

Terence Trombetti • Real Estate Agent
Gulf Coast Realty Network
terencetrombetti@gmail.com
p. 239.560.1574 • f. 239.540.1206
http://www.gulfcoastproperty.net
0 votes Thank Flag Link Sat Sep 8, 2012
It is not possible to give an accurate timeline on development because there are too many variables that could affect that. Having said that, yes it is a good investment in my opinion and I'd guess in five years building will be going on again. The values are a little less because it is further from Fort Myers but the gulf access is very good. I think all saltwater access is a good long term investment in the Cape. Burnt Store area is a little less money. In general our prices are going up and inventory is going down and the prices are probably half of what they were five/six years ago. While I think moving capital from paper to hard assets is a smart move right now, everybody's investment goals are different and factors such as cash flow, liquidity, and risk management should always be taken into account.
Web Reference: http://www.joesansone.com
0 votes Thank Flag Link Sat Sep 8, 2012
The Burnt Store corridor is an area that should expect growth over the next 5 -10 years as Burnt Store Rd is widened to 4 lanes. Shopping and restaurants are nearby at the intersection of Pine Island Rd and Burnt Store Rd.

Gulf access homes in this area tend to be newer homes but are currently on well water and septic with future utility expansion planned by the City of Cape Coral. As a boater it is a great location. Homes located between Burnt Store Rd and Old Burnt Store Rd have 8.5' bridges when boating to Charlotte Harbor or the Gulf of Mexico. Homes west of Old Burnt Store Rd have no bridges when boating to the gulf.

View my website at http://www.Lee-Max.com or contact me at 239-898-3917 or lee@Lee-Max.com.
Lee Reeves - Commercial & Residential R.E. - RE/MAX Realty Team
0 votes Thank Flag Link Sat Sep 8, 2012
Onaas,

I live right off Burnt Store Road. Great location. Waterfront properties with guilf access are always in demand.

Newer homes, Publix store, close to golf, Port Chralotte down the road one way, intown Cape Coral the other.

Check my website for ciurrent listings http://www.kevincloutier.com or e-mail me at kevin@kevincloutier.com and I will e-mailk them to you.

Or simply call me 1.877.840.3413, its toll free!

Cheers

Kevin Cloutier
Southern Premier Realty
Cape Coral, FL
0 votes Thank Flag Link Sat Sep 8, 2012
The Burnt Store Road area is one of the best kept secrets in Cape Coral. Boating access to open water is actually quicker than a large majority of the SW and SE sections. Since it was one of the last Cape Coral areas to be built out, the majority of the homes are less than 10 years old. The average age in the SW and SE is over 20 years old.That being said lot prices are 40-50% cheaper than those areas. I work a lot with investors and they are acquiring lots in this area currently due to several builders who are building homes in this area. Prices have creeped up in the last few months as several builders are building $400k-$600k homes. I have a great lot for sale at 1640 NW 37th Pl for $49,900. It already has a seawall and wrap around dock and has a 100' view of the canal. It is 20 minutes from open water. Comparable lots are without a seawall and dock are $50k-$55k. If you have any more questions feel free to call, email, or visit my website. http://WWW.TropicalWaterfrontHomes.com.

Israel Emory
239-292-2499
IsraelEmory@gmail.com
0 votes Thank Flag Link Sat Sep 8, 2012
Hello Onaas,

All waterfront properties in the Cape are a good investment. I have a great lot on the market ~ straight out to the Gulf. Dock and boat lift with electricity in place. If interested please give me a call.

See the web reference at the bottom of this reply below.

Regards,

Therese A Clapp, Realtor®
GRI, SFR, AHWD, REPM
Century 21 Sunbelt Realty, Inc.
725 Cape Coral Pkwy W
Cape Coral, FL 33914
Primary: 239-542-4777

http://thereseclapp.com
http://www.c21sunbelt.com/therese-clapp

- 2012 REALTOR® Leadership Academy Graduate
- 2011 Platinum Five Star REALTOR® Education Award
- Community of REALTOR® Excellence
- Real Estate Buyers Agent Council
- Graduate Realtor Institute ~ Designation
- Short Sale Foreclosure Resource ~ Certification
- At Home With Diversity ~ Certification
- Real Estate Property Management ~ Certification
- University Educated ~ BSBA, MSA, MBA
0 votes Thank Flag Link Sat Sep 8, 2012
All water & sewer assessments are in and paid in full by seller upon closing on the listing I provided (no worry in regards to future water/sewer assessments). Close to shopping and fine dining. I am a boater and location nearest to the Gulf is very desirable around the Cape, easy out ~ http://fgcmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Fortmyers&PRGNAME=MLSLogin&ARGUMENT=7x2Pa3aVTZt8SjIhe92mp80nrIX0jfTYVsSHGkf9nD0%3D&KeyRid=1&Include_Search_Criteria=&CurrentSID=156028194&isPreview=Y&Include_Search_Criteria=
Flag Sat Sep 8, 2012
Hello Onaas,

All waterfront properties in the Cape are a good investment. I have a great lot on the market ~ straight out to the Gulf. Dock and boat lift in place. If interested please give me a call.

See the link below.

Regards,

Therese A Clapp, Realtor®
GRI, SFR, AHWD, REPM
Century 21 Sunbelt Realty, Inc.
725 Cape Coral Pkwy W
Cape Coral, FL 33914
Primary: 239-542-4777

http://thereseclapp.com
http://www.c21sunbelt.com/therese-clapp

- 2012 REALTOR® Leadership Academy Graduate
- 2011 Platinum Five Star REALTOR® Education Award
- Community of REALTOR® Excellence
- Real Estate Buyers Agent Council
- Graduate Realtor Institute ~ Designation
- Short Sale Foreclosure Resource ~ Certification
- At Home With Diversity ~ Certification
- Real Estate Property Management ~ Certification
- University Educated ~ BSBA, MSA, MBA
0 votes Thank Flag Link Sat Sep 8, 2012
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