The Cape Coral Bridge over the Caloosahatchee River

From Palm Beach Gardens and Miami on the southeast coast to Naples, Fort Myers and Cape Coral on the Gulf Coast, the market is quickly rebounding as real estate investors flip homes successfully with quick turnarounds within 6 months.

Flipping is Back in Vogue in Cape Coral

I wish that I had a dollar for every time that I get asked, what will the owner take for that property? I usually pause, rub my hands over my virtual crystal ball and proclaim once again that over the last three years over 50,000 properties have sold in Lee County and the average selling price is 94% of asking price.

Fort Myers Homes Sold For 94% of Asking in 2012

With over 400 miles of canals, Cape Coral has a significant amount of water front real estate. From Riverfront estate homes to condos on gulf access canals and modest single-family homes on freshwater lakes, Cape Coral has a waterfront home for nearly every lifestyle or budget.

Cape Coral Waterfront Homes Sell For a Premium

Since its early beginnings, Cape Coral has been an attractive location for real estate investors. With relatively affordable property prices, a tight rental inventory and a growing pool of renters, it is possible for real estate investors to generate positive cash flow for their Cape Coral investments. Much of the housing stock in Cape Coral is not inside the gates of a communities with high HOA fees that eat into investor returns.

Attention Investors: Cape Coral Income Property Opportunities

The common theme from our team this past quarter was that buyer expectations were not aligned with the realities of the real estate market here in Fort Myers.¬† Many out-of-town buyers showed up expecting to “steal” a foreclosed or short sale property for a HUGE discount off the asking price.[…]

Low Ball Offers Not Effective in Fort Myers