Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cape Coral, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cape Coral, FL and much more. Save thousands at closing with home foreclosure listings in Cape Coral, FL — up to 75% off market value!
Cape Coral is a city located in Lee County, Florida, United States, on the Gulf of Mexico. Founded in 1957 and developed as a planned community, the city grew to a population of 154,305 by the year 2010. The city's population estimate was 165,831 for 2013 and 179,804 for 2016. With an area of 120 square miles (310 km2), Cape Coral is the largest city between Tampa and Miami. It is a principal city in the Cape Coral – Fort Myers, Florida Metropolitan Statistical Area. The population estimate for the statistical area was 679,513 for 2014. The city is known as a "Waterfront Wonderland"; with over 400 mi (640 km) of navigable waterways, Cape Coral has more miles of canals than any other city in the world.
Cape Coral history began in 1957 when two brothers from Baltimore, Maryland, Leonard and Jack Rosen, flew over the peninsula known as Redfish Point, across the Caloosahatchee River near present-day Fort Myers. Cape Coral was founded as Redfish Point. Leonard and Jack Rosen, who were real-estate developers and a small group of partners, purchased a 103-square-mile (270 km2) tract known as Redfish Point for $678,000 in that year and, in 1958, began development of the city as a master-planned, pre-planned community.
The Gulf American Land Corporation (GALC), was formed to develop the area. GAC developed a marketing model that was a total departure from traditional selling methods. Approval was secured from the Lee County to master-plan the entire property into lots. Instead of listing the lots with real estate agents, GAC developed the land-sales, dinner-party model, operating from banquet rooms in local hotels. People were invited to attend by offering a free dinner for two. The model, referred to as team-selling, allowed for a well-trained team to close deals in 90 minutes. Buyers would sign a contract and agree to come to the property within six months and cancel if not satisfied. Ezio Valentini, an Italian real estate developer, joined GAC and became Director of Sales. The program was so successful that offices were opened in 24 states and an arrangement was made with an airline to charter flights to fly buyers to the property.
Instead of borrowing from banks and lenders, the developers factored the sales contracts to pay for building the infrastructure. Canals were dug, streets paved, houses and businesses built. Cape Coral was promoted like no other Florida development. Celebrities were brought in to tout the benefits of "the Cape", as it is known locally. The first building in Cape Coral, even before any houses were constructed, was the Rosen's sales office. It was built right on the spot where George's Auto now stands, at Cape Coral and Coronado Pkwys. Cape Coral's first permanent resident was Kenny Schwartz, the Rosens' general manager. Cape Coral's first four homes were completed in May 1958, on Riverside and Flamingo Drives.
Development continued through the early 1960s, mostly on Redfish Point, south of Cape Coral Parkway. By 1963, the population was 2,850; 1,300 buildings had been finished or were under construction; 80 mi (130 km) of road had been built, and 160 mi (260 km) of canals had been dug. The public yacht club, a golf course, medical clinic and shopping center were up and running. A major addition for Cape Coral was the construction of the 3,400 feet (1,000 m) long Cape Coral Bridge across the Caloosahatchee River, which opened in early 1964. Before the bridge, a trip to Fort Myers was more than 20 mi (32 km) via Del Prado Boulevard and over the Edison Bridge to cross the river.
The city incorporated in August 1970, and its population continued to grow rapidly until the real estate slowdown that gripped the region beginning in 2008. In 2016 Forbes Magazine named the City of Cape Coral as # 9 of the 25 "Best Places To Retire In 2016" In 2017 Forbes also named Cape Coral #1 out of 25 in "America's Fastest Growing Cities of 2017"
According to the United States Census Bureau, the city has a total area of 120 square miles (310.8 km2), of which 110.09 square miles (285.1 km2) is land and 9.91 square miles (25.7 km2) (9%) is water. Cape Coral is a large peninsula and is bordered in the south and east by the Caloosahatchee River and in the west by Matlacha Pass. The city of Fort Myers lies across the Caloosahatchee River to the east, and Matlacha and Pine Island lie across Matlacha Pass to the west. Matlacha Pass is home to Matlacha Pass National Wildlife Refuge and the state's Matlacha Pass Aquatic Preserve.
The city has over 400 miles (640 km) of canals, more than any other city in the world. Most of the canals are navigable and some have access to the Gulf of Mexico. Cape Coral's canal system is so extensive that local ecology and tides have been affected.
Cape Coral features a tropical savanna climate (Aw) under the Köppen climate classification system. The area averages 355 days of sunshine each year, but experiences precipitation on 145 days per year. While the summers are very warm, humid and rainy, the winters in Cape Coral are dry with moderate temperatures. Cape Coral receives about 56 inches of rain each year, the majority of which falls from June to September. During the summer months, afternoon rains are heavy yet brief. The city is affected by the annual hurricane season, which begins officially on June 1 and continues through November.
As of 2010, Cape Coral was the eleventh largest city in Florida by population. More than 60 percent of the population is between the ages of 15–64 and residents under 25 outnumber residents over 65. Southwest Florida's 18–24 age group is growing at a faster rate than the state of Florida and the United States.
As of 2010, there were 78,948 households out of which 23.0% were vacant. In 2000, 29.5% households had children under the age of 18 living with them, 61.2% are married couples living together, 9.3% have a female householder with no husband present, and 25.9% are non-families. 19.7% of all households are made up of individuals and 9.7% have someone living alone who is 65 years of age or older. The average household size is 2.49 and the average family size is 2.85.
In 2000, the city's population is spread out with 22.6% under the age of 18, 5.8% from 18 to 24, 26.8% from 25 to 44, 25.3% from 45 to 64, and 19.6% who are 65 years of age or older. The median age is 42 years. For every 100 females, there are 94.1 males. For every 100 females age 18 and over, there are 91.6 males.
In 2000, the median income for a household in the city is $43,410, and the median income for a family is $47,503. Males have a median income of $32,320 versus $25,068 for females. The per capita income for the city is $21,021. 7.0% of the population and 5.3% of families are below the poverty line. Out of the total people living in poverty, 9.2% are under the age of 18 and 5.6% are 65 or older.
As of 2000, 87.18% of residents spoke only English at home, while 7.61% spoke Spanish, 1.70% spoke German, 1.20% spoke Italian, 0.61% spoke French, and 0.41% spoke Tagalog. In total, 12.81% of the total population spoke languages other than English.
The City of Cape Coral operates under the council-manager government form of government. City Council members are elected at large from seven districts. The mayor is also elected at large and is the eighth member of the council. The mayor presides over council meetings. The City of Cape Coral provides police and fire services within the city.
In 1977 Cape Coral, Florida became the first municipality in the United States to use the RO process on a large scale with an initial operating capacity of 3,000,000 US gallons (11,000 m3) per day. By 1985, due to the rapid growth in population of Cape Coral, the city had the largest low pressure reverse osmosis plant in the world, capable of producing 15 MGD (56,780 m³/day).
Interstate 75 passes within 10 miles (16 km) of Cape Coral and connects northward to Tampa; and southeastward to Miami/Fort Lauderdale. Cape Coral borders on U.S. Highway 41. U.S. 41 and I-75 can be accessed from State Route 78 (Pine Island Road). Within the city a network of arterial roadways are established. Cape Coral has approximately 1,100 miles (1,800 km) of roadways. In general, the north/south routes are evenly spaced apart every one or two miles (3 km) and most of them have at least four lanes.
Cape Coral is connected to Fort Myers by two bridges. The 3,400 feet (1,000 m) long Cape Coral Bridge connects Cape Coral Parkway to College Parkway in Fort Myers. The Midpoint Memorial Bridge connects Veterans Parkway to Colonial Boulevard. A number of other bridges span the Caloosahatchee River just east of Cape Coral in adjoining North Fort Myers.
Public transit services in Cape Coral are provided by LeeTran. LeeTran operates 18 fixed-route bus services, including six within Cape Coral. Buses operate Monday through Saturday between 5:00 am and 9:45 pm, depending on the route.
Cape Coral is 14 miles (23 km) from Southwest Florida International Airport (RSW), which serves nearly eight million passengers annually. The airport's new Midfield Terminal Complex opened in 2005, with three concourses and 28 gates. In 2010, eighteen national and two international airlines, as well as the two major cargo companies, served the airport.
In addition to Southwest Florida International Airport, Cape Coral is also served by Page Field, a general aviation airport in Fort Myers eight miles (13 km) from Cape Coral. Charlotte County Airport (PGD) is located in Punta Gorda, just 10 miles (16 km) north of Cape Coral.
Acute care is provided by Cape Coral Hospital. Trauma Services are provided by Lee Memorial Hospital in Ft Myers, Fl or Tampa, Fl. In December 2012, the Lee County VA Healthcare Center opened on Diplomat Parkway, providing a large range of medical services to veterans.
The City of Cape Coral operates water and sewer systems for the city. Sewage is collected and highly treated to produce reclaimed water, locally known as "rescued water". Reclaimed water is distributed throughout the city through a dual water pipe system, and used for irrigation. Alternatively, reclaimed water can be discharged into the Caloosahatchee River.
The Cape was among the first in Florida to deploy the new 4.9 GHz pre-WiMax wireless channel authorized by the FCC in 2003 for exclusive Public Safety use.
The economy in Cape Coral is based on Health care services, retail, and real estate/construction. The City's Economic Development Office promotes and incentivizes business relocation to Cape Coral. In 2016 the city's top five employers were the Lee Memorial Hospital, Lee County School System, Publix Supermarkets, City of Cape Coral and Walmart.
Cape Coral has continuously expanding public and private school systems with high performance standards. Cape Coral is part of the Lee County School District, which is operated by the Lee County Board of Education. As of 2009, the Board of Education operated 8 elementary, 6 middle, and 5 high schools in the Cape.
There are four public high schools in Cape Coral: Cape Coral High School, built in the late 1970s, Mariner High School, which opened in 1987, and Ida S. Baker High School, founded in 2004 and named after one of the early principals of Cape Coral High School, with the building opening in 2005. The newest high school, Island Coast High School, opened its doors for the 2008–2009 school year.
In addition, the City of Cape Coral has created a municipal charter school system consisting of two elementary schools, one middle school, and one high school. The charter schools use the Core Knowledge and Cambridge Curricula. Since the system is public, there is no tuition. The municipal charter schools are available exclusively to children who live in Cape Coral.
The main campus of Florida SouthWestern State College is located immediately east of Cape Coral in Fort Myers. The college offers associate and bachelor's degrees, plus technical training in fields such as allied health programs, computer networking & programming, business administration, paralegal, criminal justice and fire science. 2009 enrollment was more than 16,000 students on four campuses.
One of Florida's youngest state universities, Florida Gulf Coast University (FGCU), opened in 1997 in nearby Fort Myers and now serves more than 12,000 students. FGCU has established a Cape Coral satellite facility, which provides Cape students with a growing offering of core courses. The university offers undergraduate, graduate, and doctoral degrees, including an executive master's program, a college of business and engineering and biotechnology programs.
Other colleges and universities serving the area are Hodges University, Southwest Florida College and Rasmussen College.
Cape Coral is also home to the Cape Coral Technical College, a postsecondary educational institution operated by the Lee County public school system. It provides training in medical, computer and food-science fields. Employer-specific training, both on and off-site, is available through Business and Industry Services of Lee County which maintains an office in Cape Coral.
The city features a sandy beach and fishing pier on the Caloosahatchee River at the public Yacht Basin & Club. Cape Coral is home to the SunSplash Water Park, more than 30 recreational parks, and seven golf courses. Cape Coral offers a variety of Gulf beaches within 15 miles, such as Sanibel Island and Fort Myers Beach. The area is known by birding enthusiasts for a wide variety of wildlife and the largest population of burrowing owls in the state of Florida.
Senior activities include: Lake Kennedy Senior Center Tony Rotino Senior Center Friendship Centers of Cape Coral
Cape Coral's 400-mile (640 km) canal system provides many residents with waterfront living with access to the Gulf of Mexico via the broad Caloosahatchee River and Matlacha Pass. The Parks and Recreation Department maintains three public boat launching facilities. The Gulf of Mexico provides access to smaller tropical islands, rookeries, and sports fishing grounds.
Cape Coral's cultural assets include the Historical Museum, the Art Studio, the Cape Coral Art League, and the Cultural Park Theater, a 187-seat performing arts facility that serves as home to community actors. In addition, there are several regional arts and performance venues in the immediate area, including the Barbara B. Mann Performing Arts Hall.
Several parks and ecological preserves allow observation of the local wildlife. Elevated nature trails wind through the mangroves at Four Mile Cove Ecological Preserve.
Mike Greenwell founded an amusement park called "Mike Greenwell's Bat-A-Ball & Family Fun Park" that opened in February 1992.
The area supports waterfowl, wading birds, migrant songbirds, gopher tortoises, dolphins and reptiles. Rotary Park is home to wading birds, raptors, butterflies, foxes and other wildlife. Nature enthusiasts can track exotic birds and native fish from the boardwalk at Lake Kennedy and watch the West Indian manatees at Sirenia Vista Park. Cape Coral is home to the largest population of burrowing owls in Florida.
Cape Coral is home to three invasive species, the green iguana, the spiny-tailed iguana, and the Nile monitor, which was discovered in 2009. The iguanas are found throughout southern Florida and generally do not pose a threat. The Nile monitor is however a large (3–7 feet), fast traveling, fast swimming, carnivore with a wide diet, which can include fish, fowl, and small mammals. The city's many waterways work against its capture and provide an easy transportation route around the city.
Enter an address, city, state or zip code below to view super-saving listings near you:
Be sure to act fast and be persistent because the best tax deals might disappear as soon as tomorrow.
These one-in-a-lifetime real estate deals are that good.
These tax foreclosed homes are available for pennies on the dollar - as much as 75 percent off full market price (and more)! Enjoy the pride of homeownership for less than it costs to rent before it's too late.
Sign up today because the best tax deals might disappear as soon as tomorrow.
Cash in before everyone else!
Alert me about homes in that match this search.
By signing up for property alerts, I have read the Terms and Conditions of Service and agree to receive emails from Foreclosure.com.