Cape Coral Florida Real Estate news

January 28, 2018

 

State and National News:

• What’s ahead for Fla. real estate?   Read more…
• Florida report: 2017 Profile of Home Buyers and Sellers   Read more…

Taxes, Financing, Insurance, Scams, and more:

• Home equity loans lose luster after tax reform   Read more…
• VA program sparks ‘loan churning’ concerns   Read more…
• Cape Coral refinances sewer bonds to save tax payers almost $27M   Read more…
• Lawmakers will again focus on regulating vacation rentals   Read more…

Cape Coral and SW Florida News:

• Cape Coral listed as one of:  28 safest American cites   Read more…
• Cape Coral: Large plot of vacant land on track for housing development   Read more…
• Cape Coral waiting for permits from feds and Florida DEP to pull plug on Chiquita Lock   Read more…
• Groundbreaking held for new Cape Coral Fire Station   Read more…
• Cape Coral sees big growth in single family home permits   Read more…
• Millennials dominating Cape Coral first-time housing market   Read more…
• Cape Coral officials to debate future of abandoned golf course   Read more…
• Inside Florida’s solar-powered Babcock Ranch   Read more…
• Planning Commission approves commercial rezoning in NW Cape   Read more…
• South Cape CRA Commissioners appointed   Read more…
• Allegiant to build massive condo-hotel resort near Punta Gorda airport   Read more…
• Cape Coral Economic Development news   Read more…
• Google teaches Cape Coral kids to code   Read more…
• Cape Coral Farmers Markets   Read more…
• Cape Coral streetscape project begins   Read more…
• Cape Life: Fresh Market store plans in Cape Coral go stale   Read more…
• Cape Coral might ban fishing under bridges   Read more…
• Westin officially opens Tarpon Point Ballroom   Read more…
• Dozens attend meeting on Kismet/Littleton realignment plans   Read more…
• Tiny home village coming to Matlacha   Read more…

Real Estate Tips:

• 5 top home traits that make a good first impression   Read more…
• Kitchen survey: ‘Storage’ top homeowner priority   Read more…
• New tech makes it seem as if a home can talk   Read more…

Nature:

• Welcome to Cape Coral zoological wonderland   Read more…
• Cape Coral ‘Tortoise Guy’ is helping out, one burrow at a time   Read more…

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TWO FEATURES OF THE MONTH :

 

5009 SW 9th Pl, Cape Coral  – FURNISHED & TURNKEY & DIRECT ACCESS priced at $359,000…

If you are looking for the perfect Beach style vacation home… this is it. Beautifully decorated with modern furniture, fixtures, mounted TV’s and more. TURNKEY! Almost everything included!!! All you need is your toothbrush and a good book. Kitchen offers GRANITE, tiled backsplash and STAINLESS STEEL appliances. Three sliders on the back of the home bring in lots of light and a beautiful view of the DIRECT GULF ACCESS canal (no bridge limiting you here). Come relax on the oversized screen lanai/porch with stylish outdoor furniture and enjoy the view. COMPOSITE WRAP-AROUND DOCK with 12K lb BOAT LIFT new in 2014. NEW a/c in 2014! NEW wind/impact resistant windows in 2014. NEW Electric Panel 2014, and more. Tiled flooring and beautiful wood like laminate– no carpet here. City water/sewer ASSESSMENT IN AND PAID!!! Lovely curb appeal—you’ll fall in love with this home the moment you step out of the car. Boating access to the Gulf of Mexico, beaches, & surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand & more… Easy access to Fort Myers Int’l Airport only about 20 miles away.

Click here to see more…

 

5223 Agualinda Blvd, Cape Coral  – REDUCED TO $299,900…

Location! Location! Location! This beautiful TILED ROOF home is only about a mile from Cape Harbour; which offers restaurants, tiki bar, marina, ice cream, shopping, and more. From the moment you walk into the screened front porch you will fall in love with this home. Recently freshened up with NEW CARPET–this home shows light and bright! HEATED POOL (with solar and electric) overlooks lush landscaping providing a very PRIVATE backyard. Large family room with separate Living Room area provides plenty of room for entertaining. The Chef in the family will love the OPEN KITCHEN with the long island bar. Split bedroom plan has the Master Bedroom on one side of the home and the Guest Bedrooms on the other for the ultimate privacy. Lots of extras: A/C NEW 2014, Oversized laundry room with extra storage, washer and dryer, pocket slider and French doors which lead to the pool, and more. Gorgeous gulf access waterfront homes nearby. Easy access to Sanibel Island and Fort Myers Beach. And Fort Myers International Airport is only about 20 miles away. Hurry! This home won’t last.

Click here to see more…

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  “Backyard News”

• Pent up demand, job growth, increase in wages and historic low interest rates all factor in a robust end to 2017 in Cape Coral.
• Total single family home sales were over 4,600 with an annual appreciation rate of nearly 8%.
• Increase in inventory and lower priced home sales contributed to a year over year drop of 2% in single family home prices.  The average sales price in December was $272,000.
• Overall, home prices rose for the 7^th consecutive year, for many that purchased in the last several years, it may mean instant equity in some cases as high as 30%.
• The Fort Myers market finished off strong with a 19% increase from the previous month.  Although a strong December, Ft. Myers fell short year over year with a sales deficit of 5%.
• Fort Myers single family home prices rose from 2016, overall appreciation in this area is 4%.
• The Bonita Estero market with a disappointing finish to 2017, a considerable drop in home prices of -16% and a market which favors buyers (8+months of inventory) sets a new benchmark as we enter 2018.

 

“Industry News”

• Homestead exemption reminder: Apply for this before March 1st 2018 to get credit in November 2018. The Homestead Exemption allows for $50,000 off of the assessed value of home.

There are other exemptions available, visit the Lee County Property Appraisers website to see if you qualify for any.

Click here of all Lee County Homestead Exemption

http://www.leepa.org/Exemption/GeneralExemptionInfo.aspx

You can apply for Homestead Exemption online as well

https://leepa.org/Membership/LoginForm.aspx?ReturnUrl=%2fMembership%2fActions%2fHomesteadOnline%2fDefault.aspx

Portability: If you previously owned a house that was Homesteaded then you will want to take advantage of the Homestead Portability of your previous house. This will be more savings to you. Here is that link

https://leepa.org/Membership/LoginForm.aspx?ReturnUrl=/Membership/Actions/Portability/Default.aspx

• Tax Reform of 2018: Capital gains exclusion was left in place.  Capital gains exclusion of $250k for an individual and $500k for married couples on the sale of a home.  Pass-through entities: significant reduction in business income earned by independent contractors and income received from pass-through entities.  Small businesses – namely, pass-through entities such as S corporations and limited liability companies (LLCs) – get a break, too.  That’s because under current law, profits from a small business “pass through” to the owner and is taxed at his or her individual rate, which can be as high as 39.6 percent. The Senate’s bill will allow business owners to deduct 23 percent of their income, which will help them save on taxes.
• Citizens Property Insurance Corp new and existing customers, effective Feb. 1
^st any damages occurring from “accidental discharges or overflows of water from plumbing, heating, air conditioning, fire suppression, sprinklers, household appliances will have reimbursements capped at $10k.  the homeowner will have two choices: find their own repair contractor and stretch the $10k or get the cap waived if they agree to use Citizens new Managed Repair Contractor Network Program provided Citizens makes the program available.