Types of Waterfront in Cape Coral
When considering to purchase a waterfront property in Cape Coral Florida, as well as other parts of SW Florida, an understanding of the options and limitations of the various types of waterfront is essential for making a good real estate purchase. Cape Coral has approximately 400 miles of canals, giving property owners and potential buyers several different waterfront options in Cape Coral to choose from and enjoy along with the SW Florida climate. The difference mainly being access or lack of access to open water, and boating limitations.
About a third to one half of all the canals in Cape Coral are considered “fresh water” and do not have access to open water (the gulf, river or inter-coastal). Many of these canals do interconnect with each other and with a few freshwater lakes within the interior of Cape Coral. They are great for “tooling” around throughout the freshwater canal system where there is great fishing just like every other bit of water here in SW Florida. The one thing you can’t do though is boat to open water. Of all the types of waterfront properties available here in Cape Coral, properties that are located on freshwater canals are the least expensive of all the waterfront options. Cape Coral waterfront homes for sale
Gulf Access Canals
Many canals in Cape Coral give the boater the ability to travel out to open water, whether it is the river, inter-coastal or the gulf itself. These are considered “gulf access” or “salt water” canals. Properties located on canals considered “gulf access”, will typically command a higher price than a property on any freshwater canal, but there are a lot of variables that need to be understood and considered when comparing canal properties with gulf access. Many times, a combination of these variables must be considered.
- Length of Boat ride – All thing being equal, and simply put, the shorter the boat ride to get out to “open water” the greater value of the location and greater selling price of the property. This is probably the largest factor in value for gulf access canal properties, because it affects everyone whose desire was to have access to the gulf. When comparing gulf access homes, one must consider the location and distance to open water. Otherwise, it can be very confusing as to why similar homes in appearance might be priced so differently. The distance can vary from a couple of minutes or less to open water, up to a 40 or 50 minute ride.
- Bridges/no bridges – Along with boat ride, having to travel under bridges can effect the value of the property in question. Most of the bridges in Cape Coral allow for nice boats to easily travel under, they do limit the use of very large boats. Most boats up to 30 ft will be able to travel under most Cape Coral bridges.
- Sailboat access – This is more than just having no bridges to travel under. When considering if a property has sailboat access you must consider the depth of the canal, existence of power lines along the route, and bridges (of course). Not all sailboat access is created equal.
- Other Considerations – There are a few other factors to consider when looking at canal homes in SW Florida. Some canals are wider than others. Beside the purely aesthetic reasons of having a “big” water view, the ability of being able to easily turn and maneuver a large boat is appealing on a wider canal. A property with a view of intersecting canals is purely aesthetic, but do add to the overall appeal and value of a property