NEW WATERFRONT HOMES from $300s in Cape Coral, FL - I compare 4 price points!

[@ReneeKoutsios]

Absolutely love love love the last home and house#3 was very impressive but absolutely needs updated paint job

[@CapeCoralDustin]

Agreed! Thanks for watching and for commenting!

[@dennishowland7495]

Great video. I would like to learn more about the foreclosures market

[@CapeCoralDustin]

Thank you! I have a foreclosure listing coming up and I’ll probably be doing a video on it and some of the basics about that type of sale. Maybe next week. In the meantime, I’m happy to go over them with you anytime.

[@dahisebrando4915]

What is assents?

[@doc5106]

Nice tour would you happen to know what they’re paying for home insurance

[@CapeCoralDustin]

Thank you! I don’t have exactly what they’re each paying, but you can probably bet on somewhere between $3k and $5k

[@doc5106]

@@CapeCoralDustin wow thats alot hopefully they can fix that problem soon can’t buy in the cape until those numbers come down drastically

[@CapeCoralDustin]

Yeah, unfortunately that annual amount for homeowners coverage is about average for all of Florida now. There’s certainly political pressure underway to try to find some legislative relief, and we’re hopeful that more companies will enter the marketplace and provide additional competition, but for now, that’s the situation in Florida. If you have a clear claims history and you get some discounts for things like impact windows and doors and/or a more durable roof type, you might be able to beat that number down a bit, but you’re not gonna find too much under $3k a year for windstorm coverage unless you take your deductible up or your coverage down, and there’s gonna be limits on that if you have a mortgage.

[@RenySouthCarolina]

4th one was cute…loved the concrete dock out back. Does $634K in a new build fresh water canal home typically get you impact windows and doors? I’m also curious how much a seawall and concrete dock will run you to add to your property(I know they were really behind after Ian and I am wondering if it would still take a year to do that)? Pleasantly surprised that the 1st and 4th are in the NW and both already have city water. Truthfully, the assessment price doesn’t scare me as much as the digging up of the streets(and potentially properties?)😩

[@CapeCoralDustin]

Thanks for the feedback! Yes, that low-mid $600s price would normally get you a new construction home with all impact windows and doors. That was the main thing in my mind when I mentioned I thought there’d be a few more upgrades at that price. I priced a seawall out for a client last week and they’re running about $23k-$27k, depending on the amount of vegetation they have to clear. That also includes a basic dock right now. Most lots would fall on the lower end of that range. The seawall companies are not nearly as backed up as they were, and they can get one done now in as little as 90 days, maybe less depending on who you use and how quickly they can get permits.

[@RenySouthCarolina]

@@CapeCoralDustin Very helpful info…thank you for the reply! For me, the seawall is definitely worth it to give that nice clean appearance at the back of the property. My issue is that I have pups and would need to fence the yard, but it would make sense to fence after the seawall is in place. Reading that it could take up to a year for a seawall is a major downside, because my pups wouldn’t be happy without a fenced in yard for an entire year. Three months is a lot more doable(plus I’m sure most builders/sellers would be willing to start the permit process for a buyer prior to closing). This just opens up a lot more possibilities for me(which is great since I am picky about what I want in a house). Not looking to move until next year, but would be open to moving sooner if the right home pops up on the market. This video is extremely helpful because 1. Now I know I can consider a property without a seawall(fingers crossed no hurricanes this year and they can stay on track with a 3 month completion process) and 2. Now I know some homes in the NW already have city water(this is also great for me because even though assessments probably still need to be paid, at least I won’t have to live through them tearing up the street for who knows how long). I want a new house (2020 or newer), so there will probably be more options in North Cape. Now I just need to locate all the streets that already have city water😂 I have seen a couple of new construction homes online in the $700-$800K range that do not have impact windows and doors…very glad to see that they appear to be the exception and not the norm. Thanks again for all the helpful info and great video!

[@CapeCoralDustin]

Sounds great! I’m glad it gave you some good info! I agree that a seawall makes a huge difference. Thanks again for watching and for your comments and please get in touch if/when I can help you with that home search. I can set it up to specifically target and pull out only those newer homes with central utilities and impact windows and doors.

[@MandalorianFanboy]

Do these canals go anywhere?

[@CapeCoralDustin]

Yes, they’re each part of a separate network of canals and smaller lakes. The third property is on the largest system, which has 7 lakes and several miles of canals. They eventually end in a spillway that runs into one of the Gulf-access saltwater canals, but there isn’t a means to take a boat from the freshwater systems into the saltwater ones.

[@captainbuck5969]

Hopefully your boat isn’t a sailboat.

[@CapeCoralDustin]

Yep. No sailboats here.