Is There Hope For Cape Coral Vacant Lots?

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[…]

Celebration Cape – New Cape Coral Subdivision

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.[…]

Lee County Considers Bulk Lehigh Lot Acquisition

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[…]

Hovnanian Checks Out

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[…]

Lehigh Acres Featured in Bubble Book

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[…]

Cape Coral Lot Owners Association

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[…]

Solar Syd and the Babcock Babel

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 a new city or more houses.

Hidden Harbor Preserve

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[…]

The Preserve at Corkscrew

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[…]

Cape Coral Vacant Lot Purchase

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[…]

The Wrong Lot

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[…]

Cape Coral triple lots

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[…]