A beautiful city and a water-lovers paradise...Cape Coral's location, growth and record low-prices, make this town an investor's treasure.

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·         Water front property is plentiful and affordable in Cape Coral. With over 400 miles of salt and fresh water canals, Cape Coral is the Venice of America. Some canals access the Gulf itself, while others lead to lakes. The canals make Cape Coral especially popular with boaters, waterfront sport enthusiasts, fisherman, and water lovers of all kinds.

·         In terms of land mass, Cape Coral's 115-square miles make it the second largest city in Florida. Cape Coral's size allows plenty of room for businesses and investors to grow and develop. Since 1970, the population of Cape Coral has increased by 600%.

·         In the August 20th, 2006 issue of The News-Press, eleven new property developments for Cape Coral's downtown were featured, including luxury condominium and office buildings, retail and restaurant shopping strips, a new building for Cape Coral's Chamber of Commerce, and a Hampton Inn, which is the first hotel to open in Cape Coral in 20 years. These developments are private ventures, each involving millions of investment dollars. The proposed Piazza di Venezia project, for example, is priced at over $500 million.

·         Cape Coral's community life is satisfying and safe. The city of Cape Coral is happy to provide community activities, recreational parks, and low-crime rates. In fact, Cape Coral is the third-safest city in all of Florida.

·         Cape Coral is strategically located between Tampa and Miami, making 75% of Florida's population within 150 miles of Cape Coral. Getting to and from Cape Coral is easy, with interstate I-75 only 10 miles away, and the Fort Myers International Airport a short 15 mile drive.

Statistics and facts gleaned from The City of Cape Coral's official website, Cape Coral's newspaper The News-Press, US Department of Labor, and Wachovia's Florida Real Estate Report.

HISTORY OF CAPE CORAL

In 1957, Leonard and Jack Rosen of Baltimore, Maryland sought out an area of land to develop. They spent weeks surveying land in Southwest Florida, certain that this was the place to find a profitable investment. After a long and careful search, they purchased what was then known as Redfish Point for $678,000, from Grandville Keller and Franklin Miles. Redfish Point's location to Tampa and Miami, and its proximity to the Gulf, looked like the perfect spot to begin a new city. With dreams of creating a water wonderland, the Rosens got to work.

Starting in 1958, the Rosen brothers oversaw the draining of wetlands, the digging of more than 400 miles of canals, and, finally, the building of the first homes. What was once called Redfish Point was renamed Cape Coral, and the Rosens began a massive marketing campaign to sell the building sites.

The first four homes to be built in Cape Coral went up in May 1958 on Riverside and Flamingo Drives. The first residents of Cape Coral moved into their home on June 10, 1958. Cape Coral quickly grew, with over $9 million in property sales during that first year.

By the mid-1960s, an average of 500 prospects a day toured properties in Cape Coral. After sales peaked in 1969, General Acceptance Corporation of Allentown bought Cape Coral for $250 million.

The city incorporated shortly after in 1970, with a population of 11,470. Since that time, Cape Coral's population has steadily increased. Now a city of over 140,000, Cape's projected population for 2010 is expected to be just over 200,000 residents.

What was once an undeveloped plot of land has turned into one of the fastest growing cities on the East Coast – thanks to the dreams of two brothers and the people who shared their vision.

[References included wikipedia.com, the official website of Cape Coral, and The News-Press.]