Cape Coral, FL Real Estate News

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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2004 Freshwater Canal 3/2/2 home with Pool - 2130 NW 9th Ave, Cape Coral, FL 33993  - I have an executable interest in this property and am assigning my contract. Immaculate better than new 3 bedroom 2 bath plus den pool home on a very wide freshwater canal. 1500 sqft of living, great room floor plan comes with plantation shutters, security system, sprinkler system, amazing landscaping and lighting, hurricane rated shed, vaulted ceilings, and walk in closets. Will Appraise in the $350,000 range, your price only $255,000. Pics and more - http://www.buyahousefromray.com/2130nw9thave  
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By Ray Higdon
(Forever Wealth Club)
Built in 2003, 4/2/2 on Freshwater canal! 1301 NE 19th Ave, Cape Coral, FL 33909 Approx.80' concrete seawall. In an excellent area close to shopping and schools, as well as proposed Academic Village. Fully fenced backyard to seawall. recently appraised for $330,000, your price, only $225,000 - pics and more here - http://www.buyahousefromray.com/1301ne19th Ray HigdonRLH Holdingshttp://www.BuyAHouseFromRay.com
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Handyman Special - Freshwater Canal, 3/2/2, Cape Coral, FL - 2514 Retunda Pkwy, Cape Coral, FL 33904 - 3 bed 2 bath fresh water home over looking more then 700 ft of water with dock. Lots of brand new homes in this awesome neighborhood. Tile roof. 1890sq ft under air and access to some of cape corals largest lakes. All accessments are paid in full. This home needs rehabbed and should appraise at $375,000 or higher. I have an executable interest in this property and am assigning my contract. Repairs inlude - Kitchen, bathroom, flooring, paint, estimated repairs are $20,000+ Your price only $210,000. Pics and more here - http://www.buyahousefromray.com/2514retunda  Ray HigdonRLH Holdingshttp://www.buyahousefromray.com 239-248-2182
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
To be quite frank with you I am sick of discussing it. I feel like a record stuck on the same groove. Day in & day out I answer the question over & over again.True, I work with mostly investors so this information is in fact, important to them to know. Not crucial though. Let me explain. Investors buy real estate (or stocks or bonds, etc) all of the time, in good & bad markets. They just make sure they are getting the best 'deal' at the present time.In real estate that means that it matches your criteria. What is YOUR criteria for buying? Are you looking for a second home? Cash flow? A long term investment? Short term? Retirement home? Can you afford to hold the property or are you expecting to have it sold or rented right away? If you do not have your criteria determined, you better fi...
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By Ray Higdon
(Forever Wealth Club)
2004 Freshwater Canal 3/2/2 home with Pool - 2130 NW 9th Ave, Cape Coral, FL 33993  - I have an executable interest in this property and am assigning my contract. Immaculate better than new 3 bedroom 2 bath plus den pool home on a very wide freshwater canal. 1500 sqft of living, great room floor plan comes with plantation shutters, security system, sprinkler system, amazing landscaping and lighting, hurricane rated shed, vaulted ceilings, and walk in closets. Will Appraise in the $350,000 range, your price only $265,000. Pics and more - http://www.buyahousefromray.com/2130nw9thave   Below Accessed value! - Gulf Access, Cape Coral, FL - 1 bridge, 10 minutes to River - 1111 SE 16th St, Cape Coral, FL 33990 - I have an executable interest in this property and am assigning my contract. Beau...
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
Are you considering a move to Southwest Florida? Maybe even just Florida in general? Maybe even just somewhere warmer in general? Perhaps for a second home, perhaps you are moving to live here full time?Here are some things to consider:Let's start with some possible negatives:The world moves slower here. What do I mean by that? Well if you are from the country in the midwest you may not notice it, but if you are from a larger city or the NE you will notice it for sure. Everything is done slower here. Deadlines are often overlooked by many. Stop by the grocery store & the cashier will most likely spend more time talking about the groceries you are buying vs. just checking you out quickly. Some call this good ole southern hospitality, some call it annoying. Honestly, the slowness drove me...
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By Ray Higdon
(Forever Wealth Club)
When I was first starting out in real estate, one question I loved to ask other SUCCESSFUL people is "What was your biggest mistake?" In the world of investors common answers were, I didn't buy enough houses, or, I didn't use my money wisely, or I misjudged repairs, or I sold too many houses and wished I would have held onto them, and the most common was, "I wish I would have started in real estate sooner". Amen to that. I like that question as I like to learn as much as possible, as fast as possible and I still aim to learn something new every single day. Not too long ago, someone turned the tables on me, and asked me that question. I had to think about that long and hard but my answer was that I was not flexible enough when I was starting out. As I was focusing on rental properties, i...
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By Susan Milner, Cape Coral Real Estate Broker, FloridaFutureAgents
(Florida Future Realty, Inc.)
So I ran across this article today:Click to read itBasically, they have decided what major real estate markets will see the largest decline in values. They have determined where the peaks were & have guessed on where the bottoms will be.Guess what? Cape Coral, Florida is first on the list. I don't care. I still think now is a very good time to be buying. Read my latest news report on Cape Coral, Florida.The reason now is great is because sellers all pretty much now know that it's a buyers market (many were in denial up until recently). A buyer can negotiate here. There is a lot of inventory now, many sellers need out, not so many buyers here right now & oh wait, everywhere you turn you hear it's NOT the bottom so sellers are freaking out here - or should be. But if you wait until they s...
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