There haven’t been many blog posts from me or anyone else in the last couple of years about Cape Coral vacant lots. If you bought land in Cape Coral during the boom years, you have watched its value shrivel by somewhere in the neighborhood of 75-90%. If your lot is in the current path of [...]
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The News-Press reports that the Lee County Commissioners discussed the possibility of acquiring highly-discounted Lehigh Acres residential lots and bundling them together for industrial and commercial development: Lee County should stock up on cheap lots, a county commissioner suggested. Frank Mann said Thursday the county ought to buy discounted lots in Lehigh Acres, bundle them and sell [...] 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 [...] Our Lot: How Real Estate Came To Own Us, a new book by Alyssa Katz, prominently features the Lee County real estate bubble. The Lee County chapter focuses on the flipping that occurred in Lehigh Acres during the height of the market run-up. Anyone who participated in the Lehigh flipping frenzy will certainly want [...] If there is a silver lining in the SW Florida real estate bust, it is that I no longer get stacks of low-ball mail solicitations for vacant lots that I own in Cape Coral. Today, a different sort of Cape Coral vacant lot solicitation was sitting in my mailbox. It was an offer from the [...] With the housing downturn in full force, developer Syd Kitson has announced plans to turn his Babcock Ranch project into the nation’s first solar-powered city. While I applaud Mr. Kitson for his creative thinking and interest in conservation and the green movement, the absolute last thing that we need right now in Southwest [...] A new luxury community is emerging in South Fort Myers……introducing Hidden Harbor Preserve. Hidden Harbor features saltwater access boating to Estero Bay from a prime location in the heart of South Fort Myers. Hidden Harbor offers an exclusive intimate setting with just 72 homesites in this 54-acre development. The natural beauty of Southwest Florida [...] Good things tend to happen when Cameratta Properties gets involved with a real estate project in Southwest Florida. High Point Place is the shining star in their Southwest Florida portfolio. Cameratta Properties purchased the 510-acre parcel from Lenar that was formerly known as Cypress Shadows. This parcel is located in Estero just west of Bella [...] Brookwood Financial Partners of Salem, MA acquired 279 vacant lots in the planned Northeast Cape Coral gated community of Bella Vida. The sale included 116 town-home lots and 163 single-family lots. With a total acquisition price of $4,890,250, the per lot average price is $17,527. Bella Vida was developed by D.R Horton. Other D.R. [...] Interesting story about a house that was incorrectly built on the adjacent Cape Coral vacant lot. It befuddles me that a house could be on wrong lot for 11 years and even through a sale without the error being discovered until the current homeowner decided to install a pool. This story has attracted a large number [...] Over-sized lots offer flexibility Approximately 10 percent of the residential lots for sale today in Cape Coral are over-sized “triple” lots. Triple lots are a better investment as there are fewer available throughout the city. Triple lots measure 120 ft wide by 125 ft deep and are approximately one third of an acre. The standard “double” [...] Many affordable waterfront lot options in Cape Coral Thinking of someday retiring in beautiful sunny SW Florida? With the recent market slowdown, waterfront vacant lots are now within reach of many more buyers. In Cape Coral, many excellent waterfront vacant land options are available in the $70,000 to $80,000 range. Buy it now to lock in [...] Affordability and growing inventory key factors New housing permits dropped radically in Cape Coral last month. The 323 permits issued during May were off 26 percent from the 439 issued in April and less than half of the 724 permits issued in May 2005. The run-up in Cape Coral lot prices over the past three years [...] Speculators are making bets With prices jumping from $2,000-$3,000 an acre in 2004 to over $20,000 an acre today, DeSoto County has experienced significant speculator investment. Over the past 11 months 26,000 acres have been changed hands with a total value exceeding $363 million. DeSoto County lies north of Charlotte County and east of Sarasota and Manatee [...] New Highway to Lee County? A conceptual plan has been unveiled for a new parkway which runs through the middle of the state of Florida. This roadway would connect to SR 80 in eastern Lee County near the Hendry County line. The north-south portion of the roadway would provide connectivity between eastern Lee County and I-4 about [...] Gulf access options in Fort Myers limited One category of Southwest Florida real estate in short supply is gulf access lots in south Fort Myers. These parcels, which allow homeowners to keep a boat behind their house, offer boating access to the Caloosahatchee River and the Gulf of Mexico. Most of the available lots are located along [...] Affordable housing….at what cost? The News-Press ran an article on the plans of Jack Solloway, owner of Secure Holdings in Fort Myers, to give back to the community. He plans to build 200 affordable homes, priced at under $200,000, for working-class professionals like teachers. What the article failed to mention was the army of telemarketers equipped with [...] Deals available in buyers market If you are considering building a home in Florida on the water, now is a great time to secure a great deal on a piece of property. The lot inventory has grown considerably and buyers have the leverage right now to negotiate a favorable purchase. With several hundred miles of gulf access [...] Battle brewing over Buckingham developmentA heated battle is underway over a proposed 631 unit town house project proposed for 59 acres near the Buckingham Airpark. This area still has the look and feel of “old Florida” with one of a kind establishments like the The World Famous Buckingham Blues Bar and its beer drinking mule Bucky. The [...] What would you build? An interesting question arrived from a reader in our mail bag yesterday about what to build on a vacant commercial lot in Cape Coral. First off, the commercial market in Southwest Florida and particularly Cape Coral remains very hot. Commercial vacancy rates are in the low single digits in Cape Coral. Commercial [...] Creativity required for left-over parcels They are the real estate equivalent of an orphaned child, unwanted and left to fend for themselves. We are talking about those strange shaped lots that are leftover when an area is developed. In Southwest Florida, many odd-shaped lots in both waterfront locations and with commercial zoning are in demand for development. [...] Super-sized lots for the estate home Ok, you have hit a couple of home runs in the real estate market and the time is right to build the dream house. With this success, you are drawn to the epicenter of success in Lee County, South Fort Myers No dream house belongs on a postage stamp sized lot [...] Double up on rental income Pop quiz: What do taxes, traffic, 200+ days of sunshine and duplex rental income have in common? Answer: Sure things in SW Florida. A duplex is a two unit home that can be used in a split manner with one of the units serving as the primary residence and other as a rental [...] 1065 lots sell for $29 million in Northport In what was a surprise to those advocating a market downturn, 1065 abandoned lots in Northport were sold in the first phase of the Great American Land Auction. At an average of $27K per lot, prices were slightly below what is available in the MLS system. The challenge will [...] Meet the man trying to develop Babcock Ranch Gulfshore Business has an indepth story about Syd Kitson, the former NFL lineman who is trying to build a new city at the Babcock Ranch. At 91,000 acres, Babcock Ranch represents one of the last remaining large contiguous parcels in SW Florida. The Man who would Buy Babcock [Gulfshore [...] Planners anticipate build-out by 2016 A surprising announcement from Collier County officials suggesting that Golden Gate Estates will reach full build-out by 2016. Golden Gate Estates has approximately 100,000 lots and about 50 percent now have homes built on them. Southwest Florida is home to several massive plated communities including Golden Gate Estates, Cape Coral, Lehigh [...] Proximity to Ft. Myers & I-75 The western-most neighborhood in Lehigh, bounded by Lee Boulevard, Alvin Avenue and Buckingham Road is a hot sector of the SW Florida real estate market. Location is everything and this neighborhood is less than four miles to I-75 exit 136 via Colonial Boulevard. Shopping is very convenient from West Lehigh, particularly [...] Value increases lead to increased delinquent tax collections Lehigh Acres is one of a kind, 90,000 vacant residential lots and nowhere to build new schools. With 50,000 current residents and capacity for around 300,000 residents when fully built out, Lehigh is expected to need around 25 new schools over the next 20 years. The plan was for [...] 266 golf community lots to be auctioned An auction of Quail West estate home lots in Naples this weekend will be a good litnus test for the strength of the local luxury home market. This is a unique approach by Orlando based Ginn Company to market a high-end community. Lot prices range from the $600,000s to $1.3 [...] Details on 2,000 lot auction released More than 2,000 home sites in North Port that nobody wanted for years are now prime real estate. That was evident Tuesday night when close to 350 people, a third of whom were real estate agents, crammed into the North Port Performing Arts Center to learn about the sale of 2,130 [...] |
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