Cape Coral’s Isles of Porto Vista is seeing some real investment interest as of late. In December of last year, a private investor sold off 75 of the 216 condos at Isles of Porto Vista to another private investor.
The units reportedly sold for $7.85 million. The sale allowed for the acquisition of about one-third of the condo development, at roughly a 30-percent discount.
That translated to approximately $73 per square foot, not including the separate garages sold as part of the deal. Units are currently being marketed as completely rented, and an immediate income producing property.
Located in Cape Coral’s master-planned Entrada community, the Isles of Porto Vista is a lakefront condo development situated on the northeast side of the city. The units come in two-bedroom floor plans with top-rated appliances, large floor plans and desirable interior finishes.
A two-bedroom floor plan typically includes more than 1,200 square feet of living space. The well-designed homes come with a breakfast bar, dual sinks in the master bath and many other desirable features.
The community itself offers barrel tiled roofs and stucco terracotta walls. As well, you’ll find balconies and lush landscaping in Isles of Porto Vista. A cobblestone bridge marks the entrance to the community.
Shared amenities in Isles of Porto Vista range from a resort-style swimming pool and sundeck to a clubhouse, complete with a fitness center. The property also offers a community park with picnic space available to its residents.
The location makes it easy to enjoy area shopping and entertainment offerings, not only in surrounding Northeast Cape Coral but also in nearby Fort Myers. In addition, the property sits close to some of the region’s best beaches and outdoor recreation.
You’ll find the Isles of Porto Vista located in Cape Coral to the west of US 41, just off the Del Prado Boulevard Extension.