-CNN MONEY: For retirees who are looking for lower taxes, cheap housing and a gentle climate, Cape Coral scores on all fronts. Home prices here, for example, have fallen more than 60% since the 2006 peak. For homebuyers, that means a lot of bang for the buck: A newly renovated three-bedroom, 1,800-square-foot house with a pool was recently bought here for $145,000.
Lots of Florida towns have seen dramatic price drops, of course, but Cape Coral has something else going for it: It's paradise for water lovers. The town is sliced with 400 miles of canals, half of which have access to the Gulf of Mexico, about 20 minutes away by boat.
This quiet place doesn't offer much nightlife. But there's a public golf course, a weekly farmers' market with live music, and a nearby outlet mall. Training camps for the Boston Red Sox and Minnesota Twins are just 15 minutes away.-
Wow I am so happy to see Cape CoralFL is #2 on the list. This sleepy city is a paradise for water lovers. Cape Coral offers all the conveniences of any other Florida city but has a small town community feel. Cape Coral is suffering some growing pains from the big boom of 2005 but the potential for development is tremendous. Cape Coral code enforcement insures properties are maintained. SouthwestFloridaInternationalAirport is nearby. This airport is well connected and a pleasure to fly in and out of.
Please don’t think you’ll get anywhere near the water for $95,000, although there are simple homes without pools in this price range. Real estate prices for Cape Coral waterfront property are some of the lowest prices in the country.