Cape Coral Florida's Real Estate Guide

I am often asked this very question. My usual response to it is: Do you have the funds available (without borrowing)? Will this need to become a income generating endeavor immediately or will it be a long term investment?

For the purpose of this post, I will assume that you have a 20% down payment and the credit to get a loan.

My advice is Stick to waterfront property (If economically feasible). Considering the current state of the real estate market here in south Florida, There are an abundance of Sailboat access homes and condos for sale. These are my first choice for investment property, if you buy it as close to open water as you can get.  Sailboat property is getting harder to get every year, living on the water is a dream for a lot of the coming retiree's. Their first choice will be direct access home/condos. So why not buy what the market will hunger for in another 5 years?

Gulf access is good and priced more reasonably, but remember the first rule of real estate location is everything! I would recommend buying as close to open water as you can get. There are a lot of bargains to be had , especially if you are handy and have the time and/or money to fix them up.

Freshwater (LandLocked) These are the most affordable waterfront available, and with good reason you can live on the water for less.  There are a number of  brand new spec homes available. The builders just want these off their inventory RIGHT NOW! This is a big motivation for them, and a bargain for you!