Cape Coral, FL Real Estate News

Wednesday, March 14th, 2007 Cape Coral Future Wealth Club Kickoff Celebration!    We celebrate the beginning of our Cape Coral Chapter with Networking * Education * Fun * Food * Drinks * Music * Prizes * and More! Residential Real Estate Expert & "Market Watch" Annual Presenter, Denny Grimes, will discuss the Lee County Residential Market. Mr. Grimes opens the floor to all of your questions!Wednesday, March 14th @ 5:30 PM The Cape Coral Yacht Club Grand Ballroom 5819 Driftwood Pkwy Event Sponsor: Heather Christie & ActionCOACH  Go to www.FutureWealthClub.com  for more details
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
                                        Expiring 3 year arms have created higher payments,That have forced lots of new construction to go into foreclosure and some are now bank owned! If you are an real estate investor, or looking to profit in real estate? Then you should be focusing your efforts in southwest Florida.There are new Florida foreclosures coming on the market every day thru-out southwest Florida. Specially in Cape Coral Florida and Lehigh Acres Florida. People who bought in 2004 thru 20006 for investment have now found the real estate market below there cost of construction or even the cost of purchasing a waterfront property by todays current market prices.  Call or email Joe Kendall, Sandals Realty today 239-560-0726 for a complete special list of foreclosure homes locate...
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By Ryan Monroe, E-Pro Fort Myers to Estero Homes
(Keller Williams World Class, Realtors)
Click here Search Cape Coral Homes  History of Cape Coral, Florida The Seminole Indians first settled the land that was later to be known as Cape Coral.  In 1872, the U.S. Government opened the land along the banks of the Caloosahatchee River and across from Fort Myers to homesteading.  John Powell and his family were the first white settles to move to the area, which at that time was known as New Prospect.  Powell and the other homesteaders fished, hunted, farmed and raised livestock.  In addition, theses pioneers traded with Key West by schooner.  Throughout the decades, the area remained the same, a handful of settlers working the land for a living.  It was a hard life and settlers came and went, with only a few residing for more than a few years. Then, in 1957, two brothers, Leonard...
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By Ray Higdon
(Forever Wealth Club)
Wednesday, March 14th, 2007 Cape Coral Future Wealth Club Kickoff Celebration!   We celebrate the beginning of our Cape Coral Chapter with Networking * Education * Fun * Food * Drinks * Music * Prizes * and More! Residential Real Estate Expert & "Market Watch" Annual Presenter, Denny Grimes, will discuss the Lee County Residential Market. Mr. Grimes opens the floor to all of your questions!Wednesday, March 14th @ 5:30 PM The Cape Coral Yacht Club Grand Ballroom 5819 Driftwood Pkwy Event Sponsor: Heather Christie & ActionCOACH Future Wealth Club Members are Free, Non-Members are $10 at the door. Click Here for Membership Information
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
                                                                                                                       Joe Kendall "Waterfront and Foreclosure Specialist" Sandals Realty 239-560-0726 writes, Now is the time to buy as Lee County Florida Fort Myers, Cape Coral  leads the country in foreclosures! It has always been said "Everything Goes In Cycles" I remember in 2003 to 2005  there was a dramatic  demand for real estate in www.capecoral.net Showing homes there was always not one but at-least three agents in every driveway waiting to show a home before you even pull up in the driveway to show the home here in southwest Florida. Home Buyers then where forced to make quick decisions, compromises and sometimes had to pay higher than the asking price, to get a acceptable home in ...
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
                      Joe Kendall Realtor with Sandals Realty 239-560-0726 writes, the real estate market in southwest Florida has changed over the last 12 months. It is important your homes looks and shows in show case presentation ! To get it sold you need to do everything right and if you are a animal lover like myself you need to do the extra worked required to avoid possible pitfalls.  The home buyer can be intimiddated by a unwelcome jumping, biting and barking dog. I suggest having a friend watch the dog at their house when you have a showing. Leaving them in a kennel is not eliminating the possible smells, odors and signs go with visual contact a buyer has when seeing a pet. Make the kitty litter boxes go away! We can't sell it, if we can smell it! Also put away food and water b...
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
     Joe Kendall Realtor with Sandals Realty 239-560-0726 www.ViewSWFlorida.com  writes: The best prices, locations and amenities for a condo is located southwest Florida. Probably the best area in the state of Florida for your best selection,variety and location for a Florida condo ! The current real estate slow down, timed with the new release of new construction has the local market flooded with great deals! We have a huge inventory of condos on the market currently the best selection in probably 10 years!  The amenities are endless, the options are many and the savings over the last several years is pretty impressive. Lot's of Over 55 Communities too! Life is to short why settel for just an average place to call home?  Start enjoying the early morning sunrises and the great Evening ...
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
                    Joe Kendall Broker Associate with Right Choice Realty Fort Myers Florida 239-560-0726 email  or visit website  writes, if you are thinking about a foreclosure  short sale waterfront property?Sometimes they may or  not be your best deal!  Buying waterfront real estate property especially in Fort Myers, Cape Coral, Southwest Florida, there are something's that I would strongly encourage you to review or consider regardless of the statues of the property. Some of these that I HAVE LISTED BELOW, yet they may not be important to you. But they may come into play down the road when you might be thinking about selling! Now it is a Buyers Market, it is also the time to shop for the "Best Location" and "Amenities" on a waterfront home or a gulf access lot, while the selection ...
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
        Cape Coral Florida a boaters paradise written by Joe Kendall Broker Associate " Waterfront Specialist" with Right Choice Realty writes, I was talking to a client of mine the other day, he came over to my home and he asked me this question? Why are the homes on the 80 foot canal just off the river, cost almost as much as home located on a 100 foot canal? I explained, it's just like anything else it is always in the eyes of the buyer, and what they perceive in value and in needs or requirements in a home.  If the buyer is a boater, he or she may feel it is better to be in the 100 ft wide canal, Then in the river for just the simple fact of docking your boat. (Being an avid boater myself, I know some days it is a real challenge in docking your boat if you live on the river!) A buye...
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
 Joe kendall Realtor with Right Choice Realty writes: The most requested information is the following! (1) The most popular is homes with pools, what would life be without a pool to cool you off in the summer!      Resale Pool homes in Fort Myers start around $165,000. (2) A little lower in Cape Coral pool homes start at $155,000. Some need work at this starting price! (3) For the boaters out there looking to get out near the beaches fishing and out in the gulf, home prices for                            Gulf access homes start $249,000. (4) Direct Access (meaning no bridge, boat lock or boat lift) start at $249,000 (5) If Condo living is what you're looking for, a condo in Cape Coral and Fort Myers start at $99,000 (6) Gulf Access condo start around $125,000 some of these have great w...
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
 The Average medium price for home in Lee County Florida is at $235,000. Down 44% from January 2006!  I expressed the fact that I personally feel we have hit bottom in a lot of different classifications.  Here is why. I have talked to several title companies, they advise me that a few large land transactions are currently under contracts. One is for a little over 60 lots, from small to medium investor groups. When you see this happening, it tells you investors are getting back into the market from over a year watching the market drop. The construction costs have dropped here in southwest Florida as well, talking to some local builder's I have worked together with over the last couple years.  The price of a new construction home 3bed, 2bath, 2car garage home, Built by some of the better ...
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By Ray Higdon
(Forever Wealth Club)
Amazing Waterfront Deal in Cape Coral, Fl -  Tons of equity!4304 NW 27TH ST, CAPE CORAL FL  339933/2/2 Gulf Access pool home on an oversized lot1900 living - 4642 total sq. ft. No bridges just one boat lock to get to river, owner has 35ft boat that easily gets to the River.Assessed Value is  $595,870, with an conservative appraisal from last month for $650,000. Your price only $445,000Pics and more at http://www.buyahousefromray.com/4304NW27THST Ray HigdonRLH Holdingshttp://www.buyahousefromray.com/
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By Ray Higdon
(Forever Wealth Club)
Cape Coral Duplex pulling in $2440 / mo. GREAT Investment!!! 4014 SE 19TH PLCAPE CORAL, FL 33904 - CBS construction, this Duplex is sitting on a property zoned for six units and is fully rented!  Large oversized lot - The duplex was converted into 4 units. (2 - 1 bedroom, 1 bath, and 2 - efficiencies).  The 1 bedrooms are currently rented on 1 year leases at $695 and the efficiencies are rented at $525, giving a total monthly income of $2,440.  This property is currently managed by a property management company. Appraisal estimated at $430,00 - $450,000, your price only $277,000 More info at http://www.buyahousefromray.com/4014se19th Ray HigdonFounder - Future Wealth Club - http://www.futurewealthclub.com Owner - RLH Holdings - http://www.buyahousefromray.com
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By Ray Higdon
(Forever Wealth Club)
Lowest Priced Gulf Access lot in Cape Coral! - 1805 sw 17th pl, CAPE CORAL FL  33991 - Assessed value is 189,880, your price only $108,500! More info at http://www.buyahousefromray.com/1805sw17thpl Lowest Priced Freshwater Canal Lot in Cape Coral - 4014 NW 41ST LNCAPE CORAL FL  33993 - Assessed value is 110,200, your price a ridiculous $39,500! More info at http://www.buyahousefromray.com/4014NW41STLN Gulf Access lot in Cape Coral, FL.  Assessed value is 254k, your price a low, low, $128,000 - 2372 NW 38th Place, Cape Coral, Fl 33993. , I have an executable interest in this property. More info - http://www.buyahousefromray.com/2372NW38th  Ray HigdonRLH Holdingshttp://www.buyahousefromray.com 239-248-2182ray@buyahousefromray.com
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
With the market shift over the last year we are seeing many first time homebuyers buying homes. This is great for our real estate market. When first time homebuyers are able afford homes I'm happy. The past 2-3 years most could not afford a house here, unless they shared expenses with someone.Things change. We have experienced at least a 20% decrease in home prices over the last year. Honestly, I feel like we have about 10% to go down. "Oh, no, should I wait to buy?" my answer to that is "NO". Why? "Because right now at the present time you can heavily negotiate with sellers. Right now you may even walk away buying a house 20% under current market value. Then even if the market goes down another 10% you are still ahead 10%. Not to mention that you were able to homestead to save on prope...
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Short Sale Fully furnished Gulf Access property in Cape Coral, FL. 1460 Vendome Ct Cape Coral, FL 33904. Desirable yacht club area, oversized corner lot, walk to shops and restaurants, new everything, professionally furnished. Only 1 bridge to the river about a 10 minute boat ride and you are there. Fantastic opportunity to own a very nice fully updated home located extremely close to a proposed redevelopment area. This fully furnished home sits on a corner lot with quick access to the gulf of mexico. This fully updated and remodeled home has excellent potential. It comes fully furnished and ready to live in or rent out. Zillow has this at $446,000, Assessed Value is $401,000, your price only $312,000! Pics and more at http://www.buyahousefromray.com/1460VendomeCt  Ray HigdonRLH Holding...
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By Ray Higdon
(Forever Wealth Club)
3/2/2 Gulf Access Home with Pool and Large Screened-inLanai. 1506 SE 13th Ter, Cape Coral, FL 33990 -  one bridge to river. 15 mins to the river. Includes Great Convenienceof a Large Pass-Through Window for Entertaining. Plus2 Brand-New Lanai Fans with Lights. BeautifulCanal. Gulf Access. Dock and Ladder already in place!MAJOR UPDATES AND RENOVATIONS all completed in2003...NEW ROOF! NEW Sod and NEW Sprinkler System. NEWTile Through-out Living Area. NEW Kitchen Cabinets.NEW Oven. NEW Flat-top Range. NEW Dishwasher. NEWMicrowave. NEW Refrigerator/Icemaker. NEW Washer. NEWDryer. And...NEW Carpet in All Bedrooms and EntireHouse FRESHLY Painted in Sept. 2006. I have an executable interest in this property and am assigning my contract. Zillow has this home at $460,000, should appraise around ...
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
I have been receiving many inquiries as to the local vacant land value here in Cape Coral, Florida. Here are the 3 top questions I've received & my responses below as well. 1Q.  Why is my taxable value so high in comparison to current market value?2Q.  When will the market go back up?3Q.  Should I sell or should I wait?1A.  The values for the taxes are for 2005. In 2005 many off water lots sold up to $100,000. We pay taxes in arrears so the bill you have now is for 2005 & the one you received in 2005 was for 2004. The one you'll get at the end of this year will be for 2006 values.2A.  We had many speculative investors here buying up the lots which drove them up to these unsustainable highs. Now the market has adjusted downward more in line with where the true values should/would have be...
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
Cape Coral Real Estate Market - Comparing 2005 to 2006- These figures were pulled out of the Greater Ft. Myers MLS & do not include the Cape Coral MLS (although many listings were entered in both MLSs & the majority were in the Ft. Myers MLS) -From Jan 1, 2005 - Dec 27, 2005817 condos/townhomes sold4,291 single family homes sold8,474 vacant lots soldFrom Jan 1, 2006 - Dec 27, 2006219 condos/townhomes sold3,134 single family homes sold1,472 vacant lots sold These figures tell us that the single family house market has not fallen that far from last year. We're looking at about a 27% drop. Not bad considering the crazy buyer frenzy of '05. The condos tell a very different tale at a 73% drop in sales. This tells us that we have too many condos & not enough buyers for them. Finally, the most...
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