Waterfront living in the low $100,000s Homes on Cape Coral’s freshwater canals offer the same wonderful water views without the price tag of a gulf access home. Many Cape Coral freshwater homes are newer as a significant number were built during the boom years when gulf access lots were priced out of sight. Cape Coral [...]
[more] →Bye Bye First Homes An ugly era in the annuls of Southwest Florida real estate history came to an end yesterday when Hovnanian sold the last 1,409 lots it owns in Southwest Florida. Hovnanian sold these remaining lots to a Czech investment group for about $3,000 each, a far cry from the peak value about [...]
[more] →Investors.com reports that investors are swarming the South Florida market targeting condo foreclosures. The Miami condo market was severely overbuilt during the bubble years with waterfront luxury high-rise projects. The “smart” money circling these towers is attracted to prices well below replacement cost. “A lot of eyeballs are focused on Miami,” said Adam Cappel, president [...]
[more] →One of the most active search terms on my Southwest Florida real estate website is the phrase “Cape Coral gated communities.” Every month hundreds Google this phrase in their quest to learn more about gated communities in Cape Coral. What is it about cape Coral gated communities that draws so many property shoppers? One of [...]
[more] →The Globes reports on Israeli nationals targeting bargains in the US Housing market. With many priced out of the real estate market in the at home, the option to purchase in the US is very attractive: Levy and other people with whom “Globes” has talked mention double-digit returns on investment. A comparison with the Israeli [...]
[more] →The NY Times details the current state the Florida real estate market. The highlight of the piece for me was comparing the Florida real estate market with Mickey Rouke’s character in the movie The Wrestler. Change was often discussed during the 2008 election and after the financial meltdown, but Florida these days often resembles the [...]
[more] →The Miami Herald reports that foreign nationals are buying up distressed Florida real estate with the hopes of securing US citizenship via an investor visa. An investor visa requires a significant investment in US property. Locally, a Mexican national was granted an investor visa after investing $1M in a Bonita Springs restaurant. We welcome foreign [...]
[more] →Lee County is investing $1.4M to spruce up Bunche Beach. Improvements include a new parking lot, kayak launches, fishing piers and restrooms. Bunche Beach is a great alternative to paying the toll to go over the Sanibel Bridge and offers wonderful views of both Fort Myers Beach and Sanibel. A popular resort-style condominium very near [...]
[more] →According to a recent USA Today article, only 23% of short sale deals actually ever close. This figure came from a February 2009 survey by Campbell Communications of 1,300 Realtors. More than 90% of the agents cited slow responses from the lender as the reason that short sales were lost. These figures certainly jive with [...]
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