Posted by: swfloridarealestate | March 16, 2014

How much house can you get in today’s Cape Coral market?

If you are a house hunter with a smaller budget or even a first-time home buyer in the Cape Coral / Fort Myers real estate market, you can find newer off-water homes with 1,500+ square feet and 3 bedrooms/2 bathrooms starting at $120,000. If desired, a reasonable sized and equipped pool could be added for about $30,000 provided that lot size and shape permit for it.

A newer home with pool, about 1,700+ square feet, 3 bedrooms/2bathrooms on a freshwater canal – a canal system with lakes and basins that does NOT have access to the Gulf of Mexico – starts at approximately $200,000.

The property price always adjusts according to its location and what kind of water access it has. Therefore, the same type house, with about 1,800+ square feet and the desirable boat access to the Gulf of Mexico is currently available starting at $350,000.

An absolute prime location in this SW Florida area would be a property on a canal with unrestricted sailboat access to the Gulf of Mexico. This means, no locks and no bridges interrupt the boat access to the Gulf. A newer house with pool, upgraded interior finishes, such as stainless steel appliances, granite countertops, higher ceilings, and raised panel wood cabinets, 2,500+ square feet, 4 bedrooms/3 bathrooms is available in the price range of roughly $450,000 in this location.

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