Cape Coral Real Estate

Cape Coral in Lee County, Florida, is called a “Waterfront Wonderland” because of its over 400 miles (644 kilometers) of navigable inlets. According to census estimates, the population in Cape Coral reached approximately 181,000 in 2015. It is the biggest city between Miami and Tampa

The city was established in 1957. It was master-planned by Leonard and Jack Rosen, two real estate developers. It was the most aggressively publicized development in Florida; a number of celebrities were hired to promote the city and its benefits.

Nowadays, the city does not need advertising. It attracts thousands of “snowbirds” (Northerners who migrate south seeking a warmer and more pleasant weather) every winter season. As a matter of fact, it has been estimated that 1 out of every 5 people in Cape Coral lives there only seasonally.

The city’s economy is mostly based on construction, real estate, and health care services. Real estate market in Cape Coral is now cold, with homes selling at approximately $205,000. Apartments are renting for about $1,650.

 

 

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