Thursday, April 4, 2019

Fort Myers and Cape Coral Real Estate: What You Need to Know


Most people choose this area of ​​Fort Myers-Cape Coral for deep-sea fishing, golf courses, the famous islands and white-sand beaches that line the Gulf Coast. But the leisure aspect is not the only motivation.

Forbes magazine in its annual ranking of the "fastest growing cities" in the United States has put the city of Fort Myers-Cape Coral to the top of the fastest growing cities in the United States. Employment, taxation, cost of living, real estate prices ... all the indicators are green. This area of ​​Southwest Florida is becoming a prime destination for investors.

The two cities (which real estate agents and journals do not really dissociate), are interconnected by several bridges over the Caloosahatchee River and at first sight have nothing extraordinary compared to the rest. from Florida. But it is here that we register the largest population growth in the country (+3.39% in 2016), a significant increase in average wages (+ 7.08%), employment and GDP and for more information please visit here homes for sale

A young, active, salaried population of large companies or creating its own business and which consumes more consumes, arrives for some years, probably attracted by the dynamic environment, the reasonable cost of living, affordable real estate, taxes on the housing rather low and more generally by a quality of life recognized. The flow is such that the statistics show a decline in the average age of the inhabitants, rising to 44 years, against 62 years in 1990!

Real estate built and build is very affordable here and there are many opportunities because half of the surface of cities is still buildable. But what type of property can be found in the agglomeration?

Fort Myers

Fort Myers is quite far from the beaches, but nevertheless very pleasant to live. In the early twentieth century, great fortunes of the American industry established their winter residences in the city, like the Firestone and especially the famous Edison and Ford , which contributed to its notoriety.
The city center has been renovated in recent years, including the waterfront, with new restaurants, clubs, shops and art galleries, while maintaining its historic heritage with its architecture and old houses. Fort Myers offers investors a variety of properties consisting of condos, apartments in small buildings of a few floors, small modern houses or older style "bungalows", but also beautiful luxury villas at the water's edge. Given this wide range of goods on the market, the price range is wide, from $ 150,000 to several million dollars.

Cape Coral

Located a few miles northeast of Fort Myers, Cape Coral  has a strong point, it is bordered by the warm waters of the Gulf of Mexico. The city includes a small center with many restaurants and shops on Cape Coral Parkway, but also a multitude of sports facilities (5 golf courses, tennis clubs, sports parks or nature reserves) and excellent schools. With its 645 kilometers of canals the Floridians call it the "paradise of pleasure and fishing". The first subdivisions were built in the 50's surrounded by canals to make boating. The properties on the market are similar to those of Fort Myers and you will find condos (mainly south of the city), apartments in homes and houses of different sizes more or less old. Obviously,

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However, unlike Fort Myers, given its Cape Coral configuration there are many marinas and many more "feet in the water" properties. Its population is made up of almost 20% of holidaymakers, which gives opportunities for seasonal rentals. Given the variety of properties available, prices are very variable and you can find properties from $ 120,000 up to several million dollars.
The community of Fort Myers-Cape Coral is according to its inhabitants a haven of peace offering privileged qualities of life. Whether you are looking for a property to reside in the year or a part only or only as a real estate investment, you will find your happiness!

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