Owners of vacant property in the northern section of Cape Coral are being targeted by a bogus land scam. Flyers are being distributed telling land owners that they risk losing their property in as little as four months if they aren’t able to pay $20,000 in municipal water and sewer assessments. The distributor of the flyer is offering to pay $500.00 for vacant parcel……
[more] →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 [...]
[more] →Remember the AC/DC song Big Balls………well I have to say that Roger Schutt, CEO of Premier Properties of Cape Coral may have the biggest of all! Premier Properties has purchased the Cape Coral subdivsion formerly known as Pinewood Lakes from Reliance Bank, who took it back from the previous developer. The project has been re-branded [...]
[more] →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 [...]
[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] →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 to [...]
[more] →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 [...]
[more] →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 Florida is [...]
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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 is [...]
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