Southwest Florida Homes and Real Estate

Cape Coral Real Estate - Homes for Sale in Florida Contact Mary Ray or David Sporleder

If you have any questions or need more detailed information, please feel free to contact us via phone at 239-410-5821(Mary) 239-691-0157 (David) or fill out the form to let us know how we can help with your real estate needs.

Office Location 4002 Del Prado Blvd S
Cape Coral, Fl, 33904
Phone: (239) 410-5821
Phone: (239) 691-0157
Fax: (866) 524-5098

   

Refine your search...
Use the form below to narrow down your results

Cape Coral Foreclosures: Short Sales

Once the home of a booming housing market, Florida is now seeing record numbers of foreclosure filings and putting a wide variety of homes on the market. According to RealtyTrac.com, foreclosures in the state are selling for about $257,576 on average—a 41% savings. Cape Coral in particular has seen a great deal of foreclosure activity, which makes this an excellent time to find a deal on real estate.

What to do when your sales price leaves you short when selling your real estate:  short selling my Cape Coral home

Read more about Cape Coral foreclosures

Cape Coral Florida Listings

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $600,000 - $700,000
114 Properties Found. Showing Page 1 of 15
View As: Thumbnails List Map
Sort by:

Subject Is Located In The City Of Cape Coral In...

$45,900
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 214037802
Price:
$45,900
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
214037802

Subject Is Located In The City Of Cape Coral In The Community Of Royal Hawaiian Club. Amenities I...

Photo of Listing #214037802

Bank Owned Property Sold “as Is” Without Repair...

$55,000
City: Cape Coral, FL
Beds: 3
Baths: 2
Type: Residential
MLS® #: 214037066
Price:
$55,000
City:
Cape Coral
Beds:
3
Baths:
2
Type:
Residential
MLS® #:
214037066

Bank Owned Property Sold “as Is” Without Repair Or Warranty. Listing Agent Has No Knowledge Of P...

Photo of Listing #214037066

This 2 Bed, 2 Bath, First Floor Condo Is A Grea...

$68,900
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 214033107
Price:
$68,900
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
214033107

This 2 Bed, 2 Bath, First Floor Condo Is A Great Year Round Or Winter Retreat Or Even An Investme...

Photo of Listing #214033107

Come Check Out This Charming 2 Bedroom Home! T...

$74,900
City: Cape Coral, FL
Beds: 2
Baths: 1
Type: Residential
MLS® #: 214037971
Price:
$74,900
City:
Cape Coral
Beds:
2
Baths:
1
Type:
Residential
MLS® #:
214037971

Come Check Out This Charming 2 Bedroom Home! This Home Features An Attached 1 Car Garage And An ...

Photo of Listing #214037971

Bank Owned Property Sold “as Is” Without Repair...

$79,000
City: Cape Coral, FL
Beds: 3
Baths: 2
Type: Residential
MLS® #: 214040753
Price:
$79,000
City:
Cape Coral
Beds:
3
Baths:
2
Type:
Residential
MLS® #:
214040753

Bank Owned Property Sold “as Is” Without Repair Or Warranty. Listing Agent Has No Knowledge Of P...

Photo of Listing #214040753

Bank Owned Property Sold “as Is” Without Repair...

$81,900
City: Cape Coral, FL
Beds: 3
Baths: 2
Type: Residential
MLS® #: 214020117
Price:
$81,900
City:
Cape Coral
Beds:
3
Baths:
2
Type:
Residential
MLS® #:
214020117

Bank Owned Property Sold “as Is” Without Repair Or Warranty. Listing Agent Has No Knowledge Of P...

Photo of Listing #214020117

Location, Location, Location. This Small, Quiet...

$85,000
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 214037362
Price:
$85,000
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
214037362

Location, Location, Location. This Small, Quiet Waterfront Condo Community Known As Birch Court I...

Photo of Listing #214037362

Spacious 3 Bedroom, 2 Bath Home In Northwest Ca...

$86,400
City: Cape Coral, FL
Beds: 3
Baths: 2
Type: Residential
MLS® #: 214004720
Price:
$86,400
City:
Cape Coral
Beds:
3
Baths:
2
Type:
Residential
MLS® #:
214004720

Spacious 3 Bedroom, 2 Bath Home In Northwest Cape Coral! This Home Has Vaulted Ceilings, An Open...

Photo of Listing #214004720

 

Register for a free, all-access pass to Cape Coral MLS listings. Registering allows you to create your own account where you can bookmark listings, request showings, and much more. Register today.

Cape Coral Florida: Foreclosures, Short Sales & Bank Owned Homes

Why are there so many foreclosures in Cape Coral and surrounding areas? During the real estate boom of the mid-2000s, there was a major influx of buyers in Southwest Florida. Builders flocked to the area, banks had lax lending standards, and homes flew off the shelves.

Because real estate markets naturally ebb and flow, an inevitable market correction came. Suddenly there were more homes than interested buyers, and many of the homeowners who had subprime mortgages saw their monthly payments balloon. After missing a couple of payments, the foreclosure process began on their homes.

Homeowners who are struggling with their mortgages may try to sell their homes through a short sale, which involves selling their property for less than they owe. If they're unable to do this, the property will be put up for auction. If the auction doesn't result in a sale, ownership of the homes revert to the lender, and the house is now considered a "bank owned" home or "REO."

Because lenders aren't particularly interested in owning real estate, Cape Coral foreclosures generally sell for much less than they would have a couple of years ago. Right now, buyers looking for a slice of paradise in Southwest Florida can scoop up some great deals if they shop carefully. There are also fewer buyers on the market because lending requirements have become much stricter. This puts you in a strong position to negotiate for your Cape Coral home. 

Purchasing a short sale, foreclosure property, or bank owned homes does have its risks, however. Not all properties are worth what the bank is trying to sell them for, and some houses will require costly repairs. To make sure that the home you're thinking of buying is a good investment, it's important to have an experienced real estate agent by your side.

If you're interested in buying a foreclosure, short sale, or bank owned home in Cape Coral FL, contact us for expert advice.

Cape Coral Communites

The data relating to real estate for sale on this website comes in part from the REALTOR® Association of Greater Fort Myers and the Beach, Inc.. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

My Account

Log in, to view your saved searches and add to your favorite listings.

Sign Up Here For Your FREE Account

... So You Can:

  • View detailed property information
  • Print detailed property flyers
  • Save your searches & favorite homes
  • Inquire about a private showing
  • Map individual property locations
  • Share your favorite homes with friends

Cape Coral Homes for Sale