Cape Coral Real Estate

Written by Helen Glenn Court
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An affluent community nestled along Florida's exquisite Gulf coast just eight miles from North Fort Myers, Cape Coral real estate is a marvelous investment for both young and old. What's just as important, it's a delightful place to live! With a year-round tropical climate, gentle Gulf breezes, and warm sunshine shimmering on pristine beaches, Cape Coral homes are the envy of those who don't have them.

Cape Coral's Story

Established just 40 years ago by two land developers with a good eye for potential, Cape Coral sits on 114 square miles of land and along 400 miles of canals, making it the state's second-largest city in terms of area. Incorporated 35 years ago, in August of 1970, it has a population of some 120,000 and continues to grow at a healthy pace. As of 2004 Cape Coral was the 12th largest city in the state in terms of population.

Lying between Sarasota and Marco Island on a large peninsula, Cape Coral is flanked on one side by the Caloosahatchee River and the other by the Matlacha Pass. It offers thousands of waterfront homes, whether river or canal or harbor. With about 335 days of sunshine, perhaps 50 inches of rain, a temperature range of 64°F to 84°F, Cape Coral's only downside is the hurricane potential (shared by the entire southeastern seaboard). Interestingly, however, there have been none in the last 30 years.

Most of Cape Coral's initial home buyers came in, as might be expected, from out of state. One of the country's largest master-planned communities, today Cape Coral boasts a young median age of 41, with more than 55 percent of its population younger than the mid-40s. The cost of living is surprisingly affordable for a largely affluent area, with the median home price at about $150,000. Low taxes and no income tax, of course, are a well-known Florida bonus. Cape Coral also boasts the state's third lowest crime rate and a number three ranking on Milken Institute's listing of best performing cities for job creation.

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