I'm trying to take advantage of the low price market in Cape Coral, what is the best area to invest over there

Asked by Judy Zhao, Dayton, OH Mon Dec 13, 2010

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18
Justin Ruzic…, Agent, Greenville, SC
Fri Dec 17, 2010
I always like waterfront in Cape Coral since that is the properties which will see the largest gains the quickest. Cape Coral is a great City and I am sure you will love it where ever you buy.
regard. Justin Ruzicka, House-Guy.
Web Reference:  http://www.house-guy.com
1 vote
Dp2, , Virginia
Fri Feb 25, 2011
TPP, that's some great info. I'll definitely have to keep you mind when checking out deals in Lee county.
0 votes
Thepropertyp…, , Florida
Fri Feb 25, 2011
A brief understanding of the Cape Coral, Florida area. Del Prado Blvd. runs north and south. Most everything east of Del Prado is older section of Cape Coral. Where Del Prado Blvd. ends is the Caloosahatchee River at its furthest part south and that is an older section of Cape Coral. Basically, you have Del Prado (runs north/south) then just west of Del Prado is Santa Barbara Blvd. (runs north/south) and some what of an older area but newer than the Del Prado area. then you have Skyline Blvd. (runs north/south) and that has grown a lot and is a newer area. They recently put in city water and sewer so be sure any property you buy, the seller can prove they paid the $20,000 plus utility improvement bill. The section from Santa Barbara west to Cape Coral Parkway south to Pine Island Road to the north are great areas.

Hope that helps give you a basic understanding of the geography. If you want photos or video of an area, we do provide those services at http://thepropertypatrol.com/ If you go to google maps and zoom in on the Cape Coral area, you'll see the streets I mentioned.

The Property Patrol
Web Reference:  http://maps.google.com/
0 votes
David Botelho, , Naples, FL
Thu Feb 10, 2011
Looking to buy in the Cape Coral area?
You've come to the right place! Link to Cape Coral Homes under 99K

The Cape Coral area is growing by leaps and bounds and is the most populous city between Tampa and Miami with a population of 158,927! With millions of baby boomers looking to retire soon, Cape Coral is a prime real estate opportunity. With so many Cape Coral real estate options to choose from, you need an agent to help you make the best real estate decisions. You've definitely come to the right place. I'm the local expert and I'm ready to put my experience to work for you. If you haven't chosen
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http://www.fortmyersnaplescapecoral.com/CapeCoral99k

http://www.fortmyersnaplescapecoral.com/100to200k
0 votes
gabriel palo…, Agent, Pompano Beach, FL
Fri Jan 7, 2011
Judy,
I would choose the residential income sector. Properties that follow the guidelines of conventional financing and provide both income and primary residence at the same time. These properties range from 2-4 units. They range in size with number bedrooms garages etc. Focusing on the rental factors as your guide line, you can structure both a sound investment and a great place to live. That formula works for any area not just Cape Coral.
Let your heart and mind be your best guide.
We realtors are simply instruments that perform best when we know what our client wants and can afford.
Our opinion is formed by experience and lessons learned each day. Thank you for you question hope I helped.
Gabe
0 votes
AJ Ackerman, Agent, Cape Coral, FL
Tue Dec 21, 2010
Good Morning Judy

Congrats on making an educational decision for buying in Cape Coral. As you mentioned, it is an amazing time to purchase property in our area.

It is very difficult to answer your question without more detail. I will assume you are looking for the most saleable and desirable area. =)

Southwest cape is the most desireable, providing newer homes, City Water and Sewer, Gulf Access, and wonderful people!

Southeast is very nice as well, the main difference is the age of homes. ( Older )

The questions below are fantastic. If you are looking for an agent that specializes in investment homes. Feel free to give me a call.


Have a Beautiful Day!

A.J. Ackerman
239-565-7867
Web Reference:  http://ackermanswfl.com
0 votes
Mark Washburn, Agent, Cape Coral, FL
Fri Dec 17, 2010
At over 120 square miles, Cape Coral is Florida's second largest city in terms of land size. The city is divided into four quadrants: Southeast; Southwest; Northeast and Northwest.

The Southeast and Southwest quadrants were the first to develop and have much of the best boating in the city as well as both older and new homes. The Northeast and Northwest have developed more recently and have significantly more open space.

In general, home prices are higher in the southern end of the city and lower in the northern half. Homes on canals command a premium, with closeness to the gulf's open water driving values the most.

Here is a resource to get acquainted with the various neighborhoods and sections of Cape Coral: http://www.greaterftmyers.com/cape-coral.php

Good luck with your search!
0 votes
Megan Eister, Agent, Fort Myers, FL
Tue Dec 14, 2010
I am going to throw in the northwest Cape for annual rental income. There are no assessments and the homes are newer. Also, the renters like that it is well water, so there is no water bill each month. In the future (no one knows when) there are plans to install sewer and water, but they are on hold indefinitely. Our investors are making 7 to 10%.

I recently wrote a blog http://www.investinleecounty.com on gulf access lots in Cape Coral. I think they are a good investment. You won't get cash flow, but potential appreciation is there.

As mentioned, Gulf Access homes in the SE and SW have plenty of potential. Whether a home is on or off water, Investors are buying homes that need work. They make them look mint and eventually flip them. I don't think it is a bad thing to flip a home. There are LOTS of buyers who don't want to lift a finger fixing up a home. Especially here, when many times it is a second home. The buyers want the home DONE! I also have a contractor that my firm works with, as well. If you were interested in a project, I would be happy to speak with you in more detail.

Lastly, any newer homes without defective drywall that are priced BELOW replacement cost is a pretty good bet. In summary, there are investment options in Cape Coral. All the best, and Happy Holidays!
0 votes
Kurt Gearing, Agent, Fort Myers, FL
Tue Dec 14, 2010
Lloyd has summed it up very well for you. If you want facts and figures also, let me know.
One other thing you need to know is that Cape Coral is an Incorporated city, run by a city council. We have areas that are on city water and sewer and areas that will someday be getting city water and sewer. When lines are layed down your street, you must connect at a cost to home owner.

Did you know that you can use a Self Directed IRA to purchase investment property? All expenses and income would be managed from nd go to the IRA.. We just helped another couple from OH, just this week find a home and they are using their Self Directed IRA.

We are here for you and Gearing for Your Success
0 votes
LLoyd Nichols, Agent, Fort Myers, FL
Mon Dec 13, 2010
Hi Judy,
Cape Coral is hard to beat as far as prices vs what you get.It will depend on quite a few factors. Do you intend to rent it after? If you are shooting for a gulf access home and be the clocest possible to the river and the Gulf of Mexico it would be SE below Veterans and on the right of Del Prado. and the Yacht Club Area way down South below Cape Coral Parkway and certain sections of SW way down South. Tough to get good ones under $225,000.
. If you want a home under $100K-$125K pool home on a dry lot I would suggest SE, and as mentioned with assessements paid, an older home in the Yach Club Area or SE. You can find homes with assessements paid in established areas for these prices but you have to look harder as they go fast. SW would be great for newer larger homes with pools built in 1995 and newer for ex., with over 1800 SF in good condition are around $135-$175K. SW homes are often further away from the river but the homes are most often newer. Some are just out of this world.
We also have older homes in the $60 to $85k range in the SE which are also well placed, around 1300-1500 SF. older, with mature gardens and often remodeled about 2-3 miles from downtown and that is good to.
I have helped many investors throughout the years and have had an extensive experience renovating homes so I can tell you objectively if this home or another is a good investment or not, and what are the better seasonal investments, better foreclosures and deals.
This is a loaded question as we have so many attractive areas and your price range will dictate your type of investment. You need to come down, take a break from Dayton Ohio and see for yourself. Its just a great city to invest in and live in.
You may search yourself on my site at http://lloydnswfloridahomes.listingbook.com
and feel free to contact me and discuss your plans.
LLoyd Nichols
Sandals Realty
cell: 239-810-2980
office: 239-463-5217
realtorlloydn@aol.com

Web Reference: http://lloydnswfloridahomes.listingbook.com
0 votes
Drake Bliss, Agent, Fort Myers, FL
Mon Dec 13, 2010
I would need to know more about the type of property and price range you are considering to answer the question. Cape Coral has bargains in off water and waterfront homes right now. I have 13 year's of experience in Cape Coral, so I know the local market and opportunities available. Contact me to get this question answered.
Web Reference:  http://wwbg.us
0 votes
Mike Urbinato, Agent, Fort Myers, FL
Mon Dec 13, 2010
I imagine it depends on your goals and risk parameters. For rental income I would still stick with an older home on city utilites rather than pay assesments. Of course if you are looking for longer term returns you cant beat Cape Corals' waterfront gulf access properties. I regularly work with buyers of various types of properties and perform property valuation reports for foreclosing lenders. There are many different "flavors" of opportunity here and I am happy to help you compare them all. Please feel free to contact me with any questions michael@urbinato.com or 866-909-9449 - Mike Urbinato - Rossman Realty Group, Inc
Web Reference:  http://www.urbinato.com
0 votes
David Sporle…, Agent, Cape Coral, FL
Mon Dec 13, 2010
Hi Judy,
The best area will revolve around what fits your needs and price range. If you want to invest in a property that will give you annual or seasonal rents, or one that you can use and let grow in value.
We work with many different investors and and would be happy to supply references of past clients that have invested in SW Florida successfully.
Regards
David Sporleder
0 votes
Robert Magda, Agent, Cape Coral, FL
Mon Dec 13, 2010
Hello Judy
it all depends from your price-point.Cape Coral is known of 400miles of canals.My preference would be SW & SE cape coral waterfront properties,they are closer to the river and then to the Gulf and they have great value.What price point ,sq-ft,age,type(waterfront ,off water)home you are interested?
Please check out these listings on my website

http://robertmagda.point2agent.com/Listing/Listings2Go.aspx

http://robertmagda.com/

Robert
Web Reference:  http://robertmagda.com/
0 votes
Steve Geving, Agent, Fort Myers, FL
Mon Dec 13, 2010
Real Estate investing has different meanings to different people. Are you looking for short term or long term rental property? Are you looking to purchase property that you can rehab and resell? Are you looking for a long term real estate investment that will appreciate in value?

Cape Coral is full of opportunity but the area that would best serve your needs will depend on your budget and goals. A large percentage of my business comes from investors so please call or email me so we can come up with a plan to deliver the best ROI.

Steve Geving
239-573-1400
stevegeving@hotmail.com
Jones and Co Realty

A
0 votes
Alexandra Fi…, Agent, Cape Coral, FL
Mon Dec 13, 2010
I do recommend the SW section of Cape Coral or the SE. Depending on your budget. I can send you current foreclosed homes so you can get an idea.
Regards,
Juergen
0 votes
Danielle Sha…, Agent, Cape Coral, FL
Mon Dec 13, 2010
Just about every area in the Cape is good for investing. I manage over 35 properties in the area.

What type of investments are you looking for - seasonal or annual? Feel free to contact me if you have any questions.
0 votes
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