Cape Coral Florida Real Estate News

November 2018

State and National News:

• 3 Fla. cities top U.S. News & World Report’s retirement list   Read more…
• Florida’s population has grown 11% since last Census   Read more…
• Study: Homeownership delay hurts long-term financial health   Read more…
• Want $50-$60K per year?  Join the construction industry   Read more…

Taxes, Financing, Insurance, Scams, and more:

• Why did Amendment 1, a new homestead exemption, fail?   Read more…
• Feds may raise interest rates at slower pace than predicted   Read more…

Cape Coral and SW Florida News:

• Cape Coral residents pass $60 million bond referendum for parks   Read more…
• Cape Coral gets green light to remove the Chiquita Lock   Read more…
• Catch the Vision: Cape’s future is bright   Read more…
• Leaders break ground on Cape Coral animal shelter   Read more…
• Cape Coral Development: City Council approves 85 acres for multifamily housing   Read more…
• City strikes major deal with real estate provider to develop Seven Islands   Read more…
• Developers break ground on luxury RV resort in Cape Coral   Read more…
• Matlacha annexation battle moves to court of appeals   Read more…
• Cape Coral moving along plans for state-funded bike trail   Read more…
• Plans gel for first Florida Economic Water Summit   Read more…
• New developments provide affordable housing in Cape Coral   Read more…
• New Fire Station officially opens in northwest Cape Coral   Read more…
• Job growth for SW Florida manufacturing picks up its pace   Read more…
• Unemployment continues to drop in SW Florida, with boost from Amazon location coming to Lee County   Read more…
• Four vacant parcels in Cape Coral hit the market with a $12M asking price   Read more…

Real Estate Tips:

• 20 clever household storage hacks you’ve got to try   Read more…
• Designers reveal the top bathroom trends to keep on your radar in 2019   Read more…
• These are the best closet systems to help you overhaul your wardrobe   Read more…

Nature and Parks:

• Best farmer markets   Read more…

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October’s FEATURED Properties:

1023 NW 42nd Pl, Cape Coral  – $524,900…  GORGEOUS VIEWS! VIEWS! VIEWS!

VIEWS! VIEWS! VIEWS! SAILBOAT WATERFRONT GULF ACCESS HOME with intersecting and lake views. ALL NEW within the past three years: NEW Paver driveway & walkway to dock, NEW pool resurfaced, NEW composite on dock, NEW remodeled kitchen and master bath, NEW A/C, NEW granite, NEW stainless appliances, NEW well pump, NEW rolldown & accordion storm shutters, NEW crown molding & trim, NEW plantation shutters, and NEW ROOF on the way. Stunning home offers: QUICK BOATING ACCESS, whole-house water system, DEN, tray ceiling, HUGE MASTER CLOSET, mature palm trees, HUGE TRAVERTINE WALK-IN SHOWER, double wall oven, cooktop, pantry, leaded double front doors, HUGE 8’ sliders that extend the length of the great room, dock with lift. Enjoy watching the dolphins and manatees. No bridge to go under and great Boating access to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand and more. Not to mention…this area offers some of the best fishing to be found anywhere in the world. Close to shopping, restaurants. golf, etc… Fort Myers International airport about 30 miles away and Punta Gorda airport approx 20 miles away.

Click here to see more…

2113 SW 4th St, Cape Coral  – $49,900 — LAKEFRONT LOT

VIEWS! VIEWS! VIEWS! Gorgeous LAKEFRONT lot looks straight down Serenade Lake with over 900’ water views. SEAWALL IN!!! Rare lots like this don’t come on the market often so hurry!!! This home site is located in Unit 50, an up and coming area with City Water/Sewer/Irrigation Project underway… County shows this home is NOT in a Special Flood Hazard Area. EVERYONE IS MOVING TO SUNNY SW FLORIDA!!! Blue skies, lots of sunshine and beautiful palm trees. Imagine building your dream home in this lovely community and living the Paradise dream…. Or keep it as an INVESTMENT as we watch the City grow!!! Cape Coral offers Saltwater Boating Access from different Community Boat Ramps located throughout the city, which will give you access to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand and more… Not to mention…this area offers some of the best fishing to be found anywhere in the world. You’ll love that this lot is only about: 25 miles from the Ft Myers International Airport and 20 miles to Punta Gorda Airport. Close to shopping, restaurants, golf, and more…

Click here to see more…

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“Backyard News – Cape Coral”

• Active single family homes rose in October by 5% while a rise is expected in the 4th quarter the big push will be seen in the first quarter of 2019. Currently, there are 1,964 active single family homes in Cape Coral.
• Typically, the higher the inventory, the fewer the sales. Housing demand depends on labor market opportunities and although inventory is up it was not enough to offset the demand. Sales were up 6% from last October and nearly 3% from September.
• Rising interest rates have cooled the double-digit price increases for the last 3+ years. Sellers remain in the driver’s seat but moderating home prices are great news for prospective buyers.
• 184 single family permits were issued in October a jump of 35% from September. While we need to see double the number of permits issued to rebalance our market, 2018FY is up 32% from last year and 2019 FY is off to a great start!
• Into the Future: Coral Ridge Funeral Home and Cemetery Expands:

Rendering of future chapel

 

Coral Ridge Funeral Home and Cemetery hosted a large groundbreaking in September heralding a bright future for the Cape Coral landmark.Chuck Warren, director of operations, and Mayor Joe Coviello were joined by a crowd of 50 when ground was broken on a 8,500-square-foot, state-of-the-art building slated to open in the spring. The new building will be on the 68-acre property, facing Chiquita Boulevard. The new facility will enable Coral Ridge to provide a venue for all types of events, including celebrations of life, receptions, weddings and private gatherings, Warren said. The exterior will be lined with stonework and feature a steeple rooftop. Influenced by Cape Coral’s subtropical location, the interior will feature vibrant tropical tones and a calming environment with plenty of natural light and spacious, high-beamed ceilings. It can accommodate more than 175 guests. The current chapel and administrative offices are housed in the former Ranch House Motel, which offered lodging to winter tourists and joined the county’s tax roles in 1947. It is the oldest existing building in Cape Coral. Coral Ridge has been providing local funeral services since 1965.

 

The Coral Ridge chapel originally served as a hotel in the 1940s.

Coral Ridge is part of Dignity Memorial, which has 2,000 sites nationwide, and 14 member funeral homes in Southwest Florida. In addition to weddings and private events, Coral Ridge will continue to offer traditional funerals, military services, customized memorial services, burials, entombments and cremation services.

(from: Cape Coral Economic Development Office)

• Restaurant Round-Up:

Mom’s Restaurant a ‘Heavenly’ Fit for Cape Coral

If you have ever eaten at the aptly named Heavenly Biscuit in a colorful, vintage cottage on Fort Myers Beach, you will be happy to hear that the restaurant founder opened Mom’s Restaurant in Cape Coral this summer.

And one reason, according to Mom’s owner Heather Reagan, was because many Cape residents were actually making the drive to the beach for her from-scratch buttermilk biscuits and cinnamon rolls. Reagan opened Heavenly Biscuit in 2001, and sold it in 2012. She kept hearing from former patrons, and so opened her first Mom’s Restaurant on the beach in July 2015. 

In addition to signature biscuits and rolls, the breakfast-and-lunch eatery serves homemade entrees such as meatloaf, pulled pork sandwiches, breakfast platters, egg sandwiches, chicken salad and Cuban sandwiches. 

Mom’s took over the space that was most recently Heavenly Hoagies in the Big John’s Plaza. It has eight seats and about 600 square feet in total for the dining area, open kitchen and small prep room in the back. Hours: 7 a.m.-noon Monday; 7 a.m.-2 p.m. Wednesday to Sunday; closed Tuesday.

1239 Cape Coral Parkway E. * (239) 470-4705 * On Facebook

Dim Sum and More

Fort Myers-based Ginger Bistro has opened its second Lee County restaurant in the Shops at Surfside. Ginger Bistro is a popular Chinese and Hong Kong-style barbeque restaurant which also serves dim sum daily during lunch hours, from 11 a.m. to 3 p.m.

 2366 Surfside Blvd. C-101 * 239-558-8865 * Ginger Bistro

 

Eight-Foot Brewing Hosting VegFest and a Fall Festival

Eight-Foot Brewing is hosting two events in November to raise funds and awareness for two local nonprofits while patrons raise their pints.

VegFest, a vegan gathering, will feature vegan vendors with food, drinks and art on Nov. 4, 3 p.m. to 7 p.m. Ten percent of proceeds will benefit aplantbaseddiet.org, in support of healthy eating and lifestyles. Find out more: VegFest

The brewery’s Fall Festival will benefit the Cape Coral-based Family Initiative, Inc., which provides programming and support to children on the autism spectrum and their parents. The Fall Festival takes place on Nov. 10, 1 p.m. to 11 p.m., and will feature multiple fall beer releases, food specials and live music. Find out more:Fall Festival

(from: Cape Coral Economic Development Office)

“Industry News”

• IRS released proposed regulations on a new 20% business income deduction for pass-through businesses. Individual owners of sole proprietorships including independent contractors, owners of S Corps., LLC’s or partnerships can take the deduction on their net qualified business income. The deduction is available for tax years beginning after December 31, 2017, you will be able to claim it for the first time on the 2018 federal income tax return.
• Self-Employed and 1099 borrowers, it may be a lot easier to qualify for a loan: The program allows a 12-month average of bank deposits as income (50%) and no tax returns are required. For more information, contact Tim Hart of VanDyk Mortgage.

For more… click here for Cape Deb’s Blog…..

Cape Coral Weekly Market Watch

Have questions?  Need Cape Coral Real Estate assistance?  Call Deb Cullen at (239) 233-2322 or click here…..