Fort Myers Real Estate Update: Setting the Pace for Florida

Posted by Mary Ray on Thursday, November 12th, 2009 at 4:57pm.

“There is only one Fort Myers, and 90 million people are going to find out,” said its most famous former resident, Thomas Edison.

Located 15 miles inland from the beaches of Fort Myers and Sanibel Island, the city of Fort Myers is one of the few locations that has not yet become a tourist trap or a prime location for second-home investors. Quietly kept under the radar, this winter home of best friends, Thomas Edison and Henry Ford, is likely to become a hot real estate area in the near future.

Anyone who has visited the Fort Myers area regards it as one of Florida's 'best kept secrets.' While other vacationers were busily crowding the beaches of Daytona and the Tampa Bay, Lee County has remained a safe, relaxing haven for the elite. The beaches of Sanibel and Captiva Islands have long been touted as the best shelling destinations in the world and have been a favored vacation spot for a long list of worldwide celebrities. Recently, Coastal Living magazine named Sanibel Island “the best United States shelling spot, and one of the best vacation destinations in the world.”

Part of the charm of Fort Myers, certainly involves the home town atmosphere mixed with the perfect blend of economic growth and technology. The streets of the McGregor Blvd area are lined with well kept yards, white picket fences, and welcoming neighbors. Banyan trees, hibiscus, rows of palm trees and beautiful oaks provide the same charm that first drew Thomas Edison to study the thousands of plants and wildlife of the area.

On the home buying front, the value of real estate located in the Edison home/McGregor Blvd area have remained strong, yet have dropped just enough to encourage young professional families to start scooping up properties, as they have decided to relocate to one of America's prime cities to raise a family.

Nearby Cape Coral has experienced phenomenal growth over the past decade, and now is the perfect time to take advantage of the low cost of real estate. The Cape has been ranked as one of the fastest growing markets in the United States and has also been rated as one of the top places to live and to start a business, according to Money Magazine.

Geographically, Cape Coral is the 2nd largest city in the state of Florida, and is known as the city of canals, with over 400 miles of salt and freshwater canals winding through the city. Median home prices (even for waterfront homes) was just under $100,000, which makes the area an affordable choice for most families.

Just a few years ago, the area was highly construction and new home driven. Recent changes in the economy have put a stop to the surge of new home construction, but has conveniently left the area with a surplus of recently built homes. 

And the drop in home prices have allowed many individuals to buy a home who could never afford one before. If you are looking for the perfect place to relocate or invest, Lee County Florida should definitely be at the top of your list. Call the Sporleder-Ray Group today. We will help you find the perfect home to fit your lifestyle and your budget.

Reasons to invest in Cape Coral Real Estate

By David Sporleder | Sporleder-Ray Realty Group || Google+


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