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Money Saving Tips :: Cape Coral Property
Cape Coral Property: A Guide to Property in Cape Coral, FL
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Despite the recent downturn in the Florida housing market, Cape Coral property has remained a comparatively desirable section of the state. With its private communities, scores of waterfront lots and marina lifestyle, the city is attracting new residents, both young and old.
If you're considering purchasing Cape Coral property, keep reading for an overview of the city, its property values, expected taxes and information on new communities being built where you can buy.
Living and Lifestyle in Cape Coral, FL
Cape Coral, Florida is a town known for its avid sailors and relaxed lifestyle. Historically, the little community in Southwest Florida was known as a retiree haven. However, more and more young families are moving to the area.
This influx of young, working families has brought with it new restaurants, quality schools, recreational centers and more. Overall, the lifestyle in Cape Coral is family-focused.
Property Values in Cape Coral
The median sale price for Cape Coral property currently sits at about $355,000 while the average home value has steadily fallen since January 2007, along with the rest of Florida's real estate market. However, prices in the area are starting to make a comeback as they level off to more reasonable prices and the housing crisis comes to an end.
Property Taxes in Cape Coral
There are two kinds of property taxes collected by the Lee County Tax Office, they are tangible personal property taxes and real estate property taxes. They're both levied annually, must be paid in one, full payment and discounts are offered for early payment.
The tangible personal property taxes refers to business and equipment, mobile home attachments and the rental furnishings provided in a rental property. The tangible personal property taxes are filed with your taxes before April 01.
Communities in Cape Coral, FL
Cape Coral is a city known for its well-planned communities and housing developments. Some of the most popular gated communities include Bella Vida in North Cape Coral; Cape Harbor, an on-the-lake condominium and private home development; Coral Lakes, a planned community by Transeastern Homes; Heatherwood Lakes, a family-oriented community; Palmetto Pines Estates, a gated community with a private golf course; Sandoval, a deed-restricted property; and Tarpon Point, a waterfront condo and single-family home site designed for sailors and water lovers.
At the moment, Cape Coral property is very affordable. After recent price drops during the Florida housing market crash, the area is beginning to pick up again, which means bargains won't last. So, if you're considering purchasing a vacation home or primary residence in Cape Coral, act now.
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HomePropertyTips.com :: Cape Coral Property