Cape Coral is a master plan city. It’s pre-plotted and pre-planned with a lot of thought and design put in ahead of time before they broke ground at all. It's a fantastic place for investors to consider for a new construction development and investment in general. Marco is joined by Rob, one of his strategic partners in Southwest Florida who has worked in the real estate industry for over ten years. Rob goes into the details of the Cape Coral market and the different types of properties and opportunities that are there.
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Market Spotlight on the Cape Coral, Florida
It's my pleasure to welcome Rob to the show. He is one of our strategic partners in Southwest Florida. He has worked in the real estate industry for over ten years. He's renovated houses and commercial properties and for the last three and a half years, he has been building new construction properties in Southwest Florida. These are cities that include Cape Coral, Lehigh Acres, Fort Myers, and Punta Gorda. I'm quite familiar with this market because I was an investor in this market years ago, but things cycle and repeat. Now, we're back into this market because the opportunities are plentiful. With that, Rob, welcome to the show.

Thank you very much, Marco. It's a pleasure to be on with you and it's fantastic to be able to talk about the Cape Coral area. We absolutely love this area and we think it's a fantastic place for your investors to consider for a new construction development and investment in general.

We're excited about it. I know that we've been working with you here since the beginning of the year and putting together some programs for our clients and real estate investors to be invested in this market. Why don't we start off by talking about the market and then we'll get into the different types of properties and opportunities that are there. Cape Coral is a fascinating city. It's beautiful, it's large. It's got a lot of water canals. Why don't you give us a verbal virtual tour of that city?

To me, what's unique about Cape Coral is it's a master plan city. It’s pre-plotted and pre-planned with a lot of thought and design put in ahead of time before they broke ground at all. It only started in 1957 so we've got a really new city. We've got over 400 miles of canals. Back in 1957, they used to have viewing trips and they would fly planes over the city before it was all dredged out and everything. They would drop down sacks of flour to show people who are looking to invest and purchase a lot, it was a lot that they are actually purchasing. There was a lot of momentum and a lot of energy that came early on in it.

It's still at this point right now, 50% of the city is not yet developed. We have a lot of opportunity for growth and it's an exciting place. People are coming down here for three main reasons. It's the three S's and it's sunshine, it's the scenery, and it's security. It's just a fantastic place to live. It’s actually an up and coming place for Millennials. As you look throughout the city here, they've designed it so that within a ten-minute walk from any place in the city, you can be at a park. It's loaded with lots of parks, 400 miles of canals, and over 50% of those canals go out to the Gulf of Mexico.

The American dream here for us is to live on a canal, have your pool out there,