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Cape Coral Real Estate Newsletter – December 2021

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Cape Coral Florida Real Estate News

December 2021

Florida and National News:

  • No foreclosure wave on the horizon   Read more…
  • What will 2022 Real Estate look like in S. Fla?   Read more…
  • Will Covid-19’s Omicron infect the housing market   Read more…
  • What does 2022 hold? NAR ask 20 experts   Read more…
  • Evictions slowly rise after ban ends   Read more…
  • Buyer preferences for home and work have changed   Read more…
  • New Bidding Wars expected as International Buyers return   Read more…

Taxes, Financing, Insurance, and more:

  • Mortgage rates up slightly-but still low   Read more...
  • Why will the Fed raise interest rates?   Read more…
  • Fed Meets: Expect 3 Interest Rate hikes in 2022   Read more…
  • How will FEMA’s Flood Ins. revamp affect me?   Read more…

Cape Coral and Florida News:

  • New Post Office coming to Cape Coral   Read more…
  • Cape Coral Yacht Club to close for two years while major renovations are made   Read more…
  • New system aims to help Cape Police solve crimes   Read more…
  • Centex announces new Cape Coral Townhouse Community, Sawgrass at Coral Lakes   Read more…
  • Cape Coral to discuss opening new bulk trash drop-off site   Read more…
  • Cape Coral wants to incentivize businesses to hire Cape Coral residents   Read more…
  • Cape Coral Police Department Awarded the Gold Standard in Public Safety   Read more…
  • Cape Coral rental property owners now required to pay registration fee   Read more…
  • Cape Coral City Council to review proposed changes in district boundaries   Read more…
  • Home Sellers are turning huge profits in Cape Coral   Read more…
  • Overgrown roads to be paved in Northwest Cape Coral   Read more…
  • Lee Commissioners approve $4.5 million in Beach and Shoreline agreements   Read more…
  • Cape Coral’s Utility Expansion Master Plan Update (City Water/Sewer)   Read more…
  • Fla. Metro price increases National average   Read more…
  • Cape Coral Park and Recreation Fall Guide   Read more…

Tips:

  • Best Advice of 2021: Our top real estate tips to carry into the new year   Read more…
  • 30+ Designer secrets to transfer your home in a flash   Read more…
  • These Bedroom decorating trends will be everywhere in 2022   Read more…

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DO NOT SELL YOUR LOT!!!  

SCAMMERS – SCAMMERS – SCAMMERS EVERYWHERE!!!!!

They are calling owners and buying lots for way BELOW value.  Please protect yourself and find out the real value of your land before you sell to anyone.  Call me today…239-233-2322…. I’ll be happy to help you find your value… No obligation.

~ DON’T GET SCAMMED ~

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Low inventory!

Ready to sell?  I SOLD these and I can help you too~

Call or email Deb today (239) 233-2322  – [email protected]

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~  December’s FEATURED Properties ~

121 Old Burnt Store Rd… CITY WATER/SEWER…Gulf Access $225,000

Great BOATING ACCESS from this WATERFRONT GULF ACCESS LOT located across from the much talked about, future SEVEN ISLANDS Development Project. Approx. 80’x125’–this lot is located on the 100’ Sirus Canal in unit 59. City WATER/SEWER available. Imagine building your dream home…walking out your back door…. getting in your boat and heading out to anywhere in the world. Now that’s ACCESS! Or sip your coffee poolside as you watch the sun rise with EASTERN EXPOSURE. Close to the bridge for QUICKER boating access out to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand…. Not to mention…this area offers some of the best fishing to be found anywhere in the world. You’ll also love that it is only about 4 miles away from a 18-hole Championship Golf Course. Don’t miss out on this up and coming area located in the City of Cape Coral’s Vision Plan area with lots of gorgeous custom homes being constructed in the neighborhood. Close to shopping and restaurants and more. Ft Myers Int’l airport is only about 30 miles away & Punta Gorda airport approx 20 miles away.

Click here to see more…

 

2009 Old Burnt Store Rd … SEAWALL….VIEW…Gulf Access $209,900

SEAWALL! SEAWALL! SEAWALL! Great VIEWS from this WATERFRONT GULF ACCESS LOT. At approx. 80’x125’–this lot is located at the INTERSECTING CANALS of the Grouper Canal and the Sailfish Canal offering a corner BASIN VIEW. Imagine building your dream home…walking out your back door…. getting in your boat and heading out to anywhere in the world. Now that’s ACCESS! Or sip your coffee poolside as you watch the sun rise with EASTERN EXPOSURE. Close to the bridge for QUICKER boating access out to the Gulf of Mexico, beaches, and surrounding islands such as Cayo Costa, Cabbage Key, Sanibel, Boca Grand…. Not to mention…this area offers some of the best fishing to be found anywhere in the world. You’ll also love that it is only about 3 miles away from a 18-hole Championship Golf Course. Don’t miss out on this up and coming area located in unit 61; one of the City of Cape Coral’s Vision Plan areas with lots of gorgeous custom homes being constructed in the neighborhood. Close to shopping and restaurants and more. Ft Myers Int’l airport is only about 35 miles away & Punta Gorda airport approx 18 miles away.

Click here to see more…

 

1106 NW 21ST ST, Cape Coral, FL … $39,900

Desirable SOUTHERN EXPOSURE !!! — Vacant Lot located in unit 42 of the NW Cape area with lots of new construction nearby. City shows that this lot is NOT IN A SPECIAL FLOOD HAZARD AREA. Easy drive to Shopping, Restaurants and more… Come take advantage of the deals while they are still available…. Imagine building your dream home in this beautiful neighborhood. Now that is living the Paradise dream…. Or keep as an INVESTMENT as we watch the City continue to grow!!! Cape Coral offers Saltwater Boating Access from several 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. You’ll love the fact that this homesite is only about 26 miles to the Fort Myers Int’l Airport, 20 miles to the Punta Gorda Airport and about 3 mile to Coral Oak’s 18-hole Championship Golf Course….. CALL TODAY!

Click here to see more…

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Cape Coral’s Utility Expansion (WATER/SEWER) Master Plan Proposed Schedule:

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If you missed CATCH THE VISION , you missed a great event.
But don’t worry, I’ve got you covered! Here’s some exciting stuff coming to Cape Coral…

•Gator Mikes is adding a Mellow Mushroom 🍕😋 & drive in movie theater 🍿🚘

•The Club on Pine Island will be a multi family residential 🏡 apartment complex with 200 units, a gym, a club, and more amenities. Affordable rentals and expected to start construction in 2022.

•Cape Coral Commons on Del Prado and Pine Island will be a 3 building multi-tenant unit to provide a Mission BBQ 🙏🥳, a First Watch Cafe, Tire Kingdom, Firehouse Subs, and much more. Providing over 100 jobs to Cape Coral. 👏

•Farmer Joes is coming to Pine Island and will provide locally sourced produce, products and more. 🥬🥕🍅🌽 As well as adding 350 jobs to Cape Coral. Expected to be opening in Dec of 2021! 🌟

•Aspire Luxury apartments will be leasing units as early as June of 2022 and will provide 319 units, as well as 2 club houses, a walking trail, etc. 🏬

•The Waters will be a new senior living campus and provide 150 new units for seniors, as well as a dog 🐶 park, walking trail, bike 🚴 path, individual patios, etc. Opening in 2022!

•Lee Health 🏥 will be building an outpatient facility on Pine Island, similar to what you see near Coconut Point. Expected to be complete within 5 years.

•24 hour ER, lab, pharmacy and urgent care coming to Pine Island. 💉🩺

•Bimini Square will be offering 225 apartments 🏢 at 5 stories, as well as a parking 🚘 garage that can hold around 500 cars, a medical office, a diner 🥗, a park, a marina 🚤 and waterfront dining! 🤯🥳

•The Cove on 47th terrace will provide a multi level restaurant 🍛, similar to downtown Fort Myers, which has dining on the first 2 stories and a Sky Bar 🍸 on the 3rd story.

•The Cove on 47th terrace in downtown Cape will also be providing a multi level condo/shopping 🏢plaza, with a pool 🏊‍♀️ and parking garage. Expected to have residents available to move in during spring of 2023!

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From the Cape Coral Parks and Recreation:

Cape Coral Yacht Club Project

The design of the updated Cape Coral Yacht Club Community Park is at 90% completion with the preconstruction and construction schedules taking shape. Depending on the permitting process, the project is tentatively scheduled to begin in April 2022, with construction expected to take two years to complete. (Note: Timing could change based on construction schedules that will be developed after a construction firm is selected following a competitive bid solicitation process.)
The entire Yacht Club Community Park, with the exception of the Boathouse restaurant, will be closed to the public during construction. This includes the public beach, pier, boat ramps, tennis courts, public restrooms, community pool, Tony Rotino Center, and Godman Yacht Basin.
During City Council’s Committee of the Whole meeting on December 8, 2021, discussion of the renovation and planned closure was the main topic of the Parks GO Bond update. The primary reason for closing the Cape Coral Yacht Club Community Park is safety. The renovation will involve the demolition of structures, replacement of walkways, relocation of utilities, large barges in the water working on the new seawalls, and a lot of heavy construction and equipment. Trying to operate the facilities during that time would present significant safety risks to residents and visitors that the City is not willing to accept.
Closing the Yacht Club Community Park for two years to complete the $37 million renovation is expected to save four months and $340,000 from the reduced construction time.
For more details, visit the Yacht Club project website at www.CCYachtClub.com. The website includes project updates, renderings, the approved concept plan, tentative project timeline, frequently asked questions, and serves as a one-stop source where you can find accurate and timely information about the construction project.
The Parks GO Bond includes improvements to several existing parks plus the development of seven new neighborhood parks, three community parks, and one environmental park. Click the link below to see the most recent GO Bond update to City Council and on the “Explore the Parks GO Bond Website” button to learn more about the other GO Bond projects.

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Backyard News:

“Cape Coral”

  • The much expected increase in active inventory was disappointing; although levels did increase, the increase was that of 1%. Normal patterns would be more in line with a gradual increase of 3-5% for this time of year.
  • An unseasonably high number of closings. Total sales were 521 making October 2021 as one of the strongest months in over 12 years with an absorption rate in the high 90’s.
  • Prices are typically influenced by two factors: the number of sales and the number of homes on the market. It’s common that when inventory decreases, sales rise (supply and demand) and prices soar. When inventory levels rise, sales tend to fall and prices usually rise along. Last month, inventory grew, sales, grew and prices rose.

“Fort Myers News”

  • Active homes on the market in FM remain unchanged, in fact when the market should be increasing (3-5%) based on the time of year it actually rose by 2 homes last month. Even more troubling with the number of visitors to the area (an expected 18-20k new residents in the next several years) which would make future homeowners in SWFL.
  • Sales in Fort Myers similarly to the increase in number of new homes remained unchanged. However, the sheer number of sales for an October, was the highest on record.
  • Prices rose by 4% in October bringing the average single family home to $507,000. Up $88k from 2020.

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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…..