Welcome to Cape Coral, FL (2024)

FAQs

How much are Cape Coral assessments? ›

The line extension assessment and capital facility expansion charge cost to property owners depending on the size of their respective parcels. The city charges a 10,000-square-foot lot, which will pay $33,367 to $35,931 depending on when they pre-pay. Connection costs are not included in the estimates.

There are many pros to living in Cape Coral. The city is not only ideally located for those searching for warm weather, beaches and waterfront living, but Cape Coral is also a safe city that supports several exceptional education systems.

The cost of living in this beautiful community is much lower than the national average. Besides, the state does not collect income tax, estate tax, inheritance tax, or intangible property tax. The sales tax rate is also relatively low, between 6-7.5%. This is good news for retirees who are on a fixed income.

Surrounded by water, Cape Coral, 15 minutes from Fort Myers on Florida's Southwest Coast, is a prime boating destination with 400 miles of canals and neighborhoods of beautiful waterfront homes.

Special assessments help pay for public improvements in a community, such as road paving and water mains. They are levied upon properties that will directly benefit from the improvements.

The Florida Standards Assessments (FSA) measure student's education gains and progress. These assessments are in English Language Arts (ELA), Mathematics, and end-of-course (EOC) subjects (Algebra 1, Algebra 2, and Geometry).

Caloosahatchee

Caloosahatchee is located in the eastern part of Cape Coral, along the Caloosahatchee River. This neighborhood offers easy access to boating and water sports and proximity to the vibrant downtown area. Caloosahatchee is known for its canals, which lead to the Yacht Club Public Beach.

Explore Cape Coral, FL

There are 4 neighborhoods in Cape Coral. Cape Harbour has a median listing home price of $700K, making it the most expensive neighborhood. Bimini Basin is the most affordable neighborhood, with a median listing home price of $330K.

Median Sold Price

Homes in Cape Coral have sold for 2.8% less than they did a year ago. Summary: The median home sold price in Cape Coral was $392,223 in July 2024, down 2.8% from last year, and the median price per square foot was $235.

Is it cheaper to live in Cape Coral or Ft Myers? ›

As many Florida residents know, coastal real estate is always in high demand. While Florida is a cheaper place to live than other parts of the country, Cape Coral's cost of living is higher than the state average. Compared to nearby Fort Myers real estate, housing costs are 11% more expensive.

Cons of Cape Coral life

While there are many benefits to living in Cape Coral, there are drawbacks too. Some residents might find the city to be too quiet, especially when compared to the bustling activity in nearby cities like Miami. The summer months can get exceedingly hot and humid, which might not suit everyone.

Algae Issues

Both freshwater and saltwater algae occur in our stormwater canals. Green and brown algae are often seen and grow on anything immersed in water, receiving sunlight. Free-floating red, green, or brown algae may drift by or show up in the canals.

Community and Safety: Recognized for its low crime rates and family-friendly atmosphere, Cape Coral is an ideal place for families, retirees, and anyone seeking a safe and supportive community. The city's emphasis on community-building and safety makes it a preferred choice for those prioritizing quality of life.

Is It Safe to Swim in Cape Coral Canals? Short answer – No. There are quite a few different kinds of canals – freshwater, Gulf access water, and sailboat access So is it safe to swim in all of the Cape Coral Canals? No.

## What are Assessment Fees in Florida? Assessment fees, or HOA fees, are regular payments made by homeowners to the HOA. These fees cover the costs of maintaining common areas, providing amenities, and other operational expenses.

The Utilities Extension Project (UEP) extends City water, sewer and irrigation services to previously unserved areas of the City of Cape Coral.