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The Pros and Cons of Living in Cape Coral, FL

pros and cons of living in cape coral floridaCape Coral, Florida is a southern Florida city located along the Gulf of Mexico. It is a newer city, founded just within the past 50 years. Cape Coral, Florida has plenty of coastline along the Gulf, making it perfect for a beach lifestyle. There are also many islands within close distance with natural wildlife, and more beaches. The city is known for its over 400 miles of canals, more than anywhere else in the world, and has earned the nickname “Waterfront Wonderland.” The canals are very much a part of the lifestyle there—many residents live along the canals and have boats to move from place to place via the water.

Cape Coral Lifestyle

Cape Coral is a city with a relatively low crime rate compared to the rest of the nation, as well as a lower cost of living. Many people choose to retire to Cape Coral, but there is some diversity in terms of age and background. The city is close to shopping and other activities in nearby Fort Meyers. Being in Southern Florida, the climate is desirable—warm winters and hot summers with scattered rain storms on a regular basis. Summers can become a little uncomfortably hot and humid during the warmer months. It is home to the Cape Coral Festival of the Arts, which showcases over 300 nearby artists and attracts many visitors each year.

Cape Coral Waterfront Living

cape coral waterfront livingAs mentioned, Cape Coral has more canals than any other city across the globe, as well as plenty of beautiful beaches. Islands such as Pine Island are also beach paradises where many people visit or live. The most popular and largest beach in the area is off of Driftwood Parkway near the Yacht Club Community Park. Another beach can be found at Four Freedoms Park, a newer beach off of the Bimini Basin. Both beaches offer playground equipment for kids, as well as nearby access to local restaurants.

Because of the abundance of beaches, water recreation activities such as swimming and boating are popular in the area. Boating, in particular, is a big attraction at Cape Coral beaches. There are three boat launching facilities along the city’s coast, and plenty of small islands to explore. Sports fishing is also popular in the area. For bird watchers, the ocean shore provides great views as well.

Cape Coal School Systems

The public schools of Cape Coral are part of the Lee County School District. There are four public high schools in the city, as well as several elementary and middle schools. Cape Coral also has a system of charter schools—two elementary, one middle, and one high school—that are still under the public-school system and therefore don’t charge tuition, but which follow different academic curricula and are only available to Cape Coral residents.

Cape Coral Florida School SystemBoth public and private schools in the city are known for their high performance and rigorous education standards. Based on test scores, the schools rank higher than average compared to other schools in the nation. Enrollment in public Cape Coral schools relies on a choice system—a lottery system is used where students are assigned randomly, and once spots are no longer available, given a second or a third option. This is different from other districts that base enrollment on proximity to the school.

Cape Coral also houses or is nearby to several colleges and universities. Cape Coral Technical College is a postsecondary vocational school.

Finding Affordable Real Estate in Cape Coral, FL

As noted earlier, the cost of living is slightly lower in Cape Coral than in the rest of the state, on average. That being said, real estate is generally more affordable in Cape Coral than in other high demand places with beaches within a short distance. The median house price in the city is $213,500, and the average rent is around $1,500 per month. As expected, the priciest real estate is around the coast, with lower prices further inland. Select neighborhoods in certain inland regions of the city also are above that average. Nearby islands have luxury homes that are well above the average, at over $1 million.

For affordable homes that are in a safe area, close to amenities, and within the school district, the area between just on the coast and North Fort Meyers has the most affordable homes. Homes that are directly on the popular canals can be a bit pricier and come with extra costs related to living on the water. The real estate prices for the entire Cape Coral area are expected to rise by about 0.9% over the next year, which is a small increase compared to past years and to the average in many other areas. If you are considering purchasing a home in Cape Coral Florida or are looking to sell your current home or just looking to see what your home is worth, please feel free to contact Rebecca Silva for a private consultation.

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