How much can you save on a short sale in Cape Coral, FL? The short sale process in Cape Coral, FL, for a buyer can be very profitable if the situation includes a motivated seller and a cooperative lender. Find the best short sale homes and bank-approved listings available in Cape Coral, FL, at Foreclosure.com today for as much as 75% off market value. There are currently 22 short sale homes in Cape Coral, FL, available for potential sale right now. Get the most current list of short sale listings in Cape Coral, FL — and the information and tools to buy them fast — at Foreclosure.com.
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.
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