Sometimes you read an article and just say, What? When a large news venue like Reuters doesn't do any in-depth reporting I find this to be very wrong. An article written bashing Cape Coral and calling it a waste land is just one of those articles.
Call me crazy, I have lived here since 1993 and I have watched and worked in the real estate community since then. I came from the Annapolis Md. Area where the Chesapeake Bay is always in a state of being cleaned up (Yuck) and old overpriced homes selling for huge prices. I came to Cape Coral and found beautiful waterfront property and unbelievable inexpensive prices at the doorstep of the Gulf of Mexico. The dolphins, manatees, red fish all call these waters home. Boating is done all year long and this is the "Sunshine" state.
We have grown from a bedroom community to a destination that people dream about. The pricing that grew out of control from 2004 to 2006 was created by investors and many regular folks got caught up in the frenzy.
The buyers we have been working with think they have won the lottery. Now prices have come down. The pendulum swung high to one side and didn't stop until it went back past the middle ground and has left the housing market bruised for some home owners, but for the future and current buyers the excitement of buying a piece of paradise at amazing prices have them giddy.
We are not just a seashore community. Our resident numbers have attracted big business to Cape Coral such as 4 major department stores; JC Penney, Belk, Bealls, Kohl's, plus Home Depot, 2 Lowes, Target, Super Wal-Mart, Home Goods, Carrabbas, Panera Bread, Olive Garden, Shrimp Shack, Outback and much more. Waste Land? I don't think so!
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