Why You Should Invest in Real Estate in Cape Coral, FL

Florida has commonly been referred to as "the retirement state", and while it may be a great place to spend your days post-career, it is growing by leaps and bounds when it comes to the younger demographic. In Cape Coral, more than half the population is under the age of 45. It seems that this community is the place to go to raise your family being halfway between Tampa and Miami and having quick, easy access to Orlando and it's numerous theme parks. Though the actual population of Cape Coral is around 150,000 (comparable to that of a suburb of a large city), the 114 square miles of land makes it the second largest city in the state of Florida.

Keep in mind, though, that there is much room left for this city to grow. Residentially speaking, this place is only about 1/3 developed. In the past two years, the number of residential building permits issued by city hall has more than doubled. I, myself, invested in a home for my family. Just to give you some numbers, I contracted to have the home built in January of 2005 for a total price of $225,000 (land included). I went to settlement when the home was complete in November and the appraisal report produced showed an approximate value of $285,000. That's $60,000 of equity built into my home, and who knows what it would sell for in the retail market! Trust me, I've been tempted to turn around and sell it just to move to someplace like Tennessee or North Carolina where I could buy a place outright with the profits I'd make on this house. And I'm not even on one of the canals!

There are over 400 miles of man-made canals in Cape Coral, and those are the real "hot properties". Even though you probably couldn't touch one of these vacant waterfront lots for under $150,000, the value of these waterfront properties are bound to continue their rapid increase as they provide some of the best boating and fishing in all of the state. So if you're looking for a place in which to invest, be it a "real estate flip" property, or a place to raise your own family, Cape Coral is the spot.