The master-planned gated community of Sandoval in Cape Coral continues to bustle with activity this winter season. Buyers are drawn to the resort-style feel of this beautiful community. With spectacular amenities already in place and three respected national builders, D.R. Horton, Pulte and Taylor Morrison currently building in the community, Sandoval should be on any home-buyers short list of neighborhoods to check out.
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Fort Myers is very busy right now with significant numbers of seasonal visitors enjoying our warm sunny weather, beaches golf courses and of course shopping for real estate. In a shift from the past few winters when foreclosures and short sales dominated the market, buyers have shifted their focus to new construction opportunities.
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The 524-acre master-planned community of Sandoval is the shining star of the Cape Coral real estate market. New construction home sales at Sandoval were up 74% in 2011 over the previous year with a total of 120 transactions. New home permits at Sandoval in 2011 accounted for 44% of all the building permits issued in Cape Coral.
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The Godfather of Lee County real estate values, Property Appraiser Ken Wilkinson, plays the straight man in this NBC-2 video about rising home prices in Lee County. I am highly confident that Ken knows exactly how much prices have gone up…..but doesn’t want to preempt his annual day in the spotlight when he releases this years valuations.
[more] →The remaining homesites in Phase Three of Cape Coral’s Sandoval community have been acquired from Bonita Bay Group by Arizona-based builder Taylor Morrison.
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The highest priced home to sell in Cape Coral in 2011 was a riverfront home located on Riverside Drive in the Yacht Club section of the Cape. This 10,500 Sq. Ft. home sold for $2,900,000. In 2011, there were 12 residential home sales in the Cape over a $1m and all were single-family homes.
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Morgan Stanley analyst Oliver Chang recently declared that 2012 will be “The Year of the Landlord.” Chang further elaborated that “Rents are rising, vacancies are falling, household formations are growing and rental supply is limited,” the Morgan Stanley report stated. “We believe the demand for rental properties will continue to grow.”
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The Fort Myers-Cape Coral market was ranked 6th nationally for the increases in the median list price of homes in the October to November 2011 time period. Median list prices increased 2.69 percent for the month
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The newest neighborhood in Cape Coral’s mater-planned Sandoval community is called Maravel. This intimate enclave features 138 single-family homes sited around several of Sandoval’s beautiful lakes.
[more] →Fort Myers MLS Map Search
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