Boating / real estate opinions Florida

Discussion in 'Southeast' started by searaycruisn, Nov 22, 2007.

  1. Morpheus

    Morpheus New Member

    May 7, 2007
    Odessa, FL
    2006 SeaRay Sundeck 240
    5.0MPI Mercruiser w/ Bravo III
    2 Things

    Does it have a Lift?
    If Yes can I use it?

    haha

    Also you forgot to mention there is a Airport in Punta Gorda and SkyBus (skybus.com) has flights from NC to there for $10 each way per adult.
     
  2. Turtlesboat

    Turtlesboat Minister of Media TECHNICAL Contributor

    Feb 4, 2007
    New York City
    1996 450DA, TNT, Caribe dink w/15hp OB.
    3126 427HP TD transmissions
    ok I'm going to go look for something on the water. Where's my hat?
     
  3. capt_jack

    capt_jack Super Moderator PLATINUM Sponsor

    180
    Jul 10, 2007
    GA
    185 Sport
    4.3 Merc
    you could look for something around fort myers/cape coral. There are so many foreclosures right now you could walk away with something huge on a canal very cheap. Average 2000sq ft homes on a canal have been going for in the lower-mid 200k, also i hear the fed is dropping the interest rates again sometime soon. good time to buy!
     
  4. Dancin Dave

    Dancin Dave Active Member

    Oct 9, 2006
    Rowayton, Ct
    580 SSS 1997
    CAT 3408 800 hp
    My friend lived in Cape Coral and got out right on time before it fell apart. He decided to leave prior to this due to the lack of maint on the canals(silting in) and of the lifts(broken for months on end). Apparently larger boats were getting stuck in their slips and some stranded. When I visited him we had to go down to Ft.Myers to do anything nice restuarants etc.,the town left alot to be desired and the beach/park area was lacking, Unless your in the high rent district dont expect much, especially anything for 200k
     
  5. Turtlesboat

    Turtlesboat Minister of Media TECHNICAL Contributor

    Feb 4, 2007
    New York City
    1996 450DA, TNT, Caribe dink w/15hp OB.
    3126 427HP TD transmissions
    that's interesting. Was cape coral always in trouble? Or was this something that has been happening in just the last 5 years or so?
     
  6. Fishnut

    Fishnut Member

    509
    Jan 30, 2008
    Bonita Springs, Florida
    2006 240 Sundancer
    5.0 Mercruiser with Bravo III Drive
    I appologize, I didn't realize you were from Va.!:smt043:lol::smt038:smt043
     
  7. Fishnut

    Fishnut Member

    509
    Jan 30, 2008
    Bonita Springs, Florida
    2006 240 Sundancer
    5.0 Mercruiser with Bravo III Drive

    The problems are strickly a factor of the last 24 months and the real estate "crash". Cape Coral is a good place if you want to keep your boat in the back yard. Caution, you should check out the area carefully to see if you like the life style there. Second, you get what you pay for. In the $200,000 range you may only be on a freshwater canal. Saltwater canals probably go for more. The price goes up as you get closer to the river.
    The negative to the cape is that the traffic is a killer, there is a lack of building controls in the area and there are no Amenities!! If you are retired, boating is the center of your life, and you don't care whether your neighbor mows his lawn, then the cape is for you.

    Just be careful. :wow::wow::wow::wow::wow:
     
  8. Four Suns

    Four Suns Not a pot stirrer TECHNICAL Contributor PLATINUM Sponsor

    Oct 4, 2006
    Williamsburg, VA
    2003 480 DB
    QSM-11 Diesels
    You got me... I'm just a back woods boob.
     
  9. Fishnut

    Fishnut Member

    509
    Jan 30, 2008
    Bonita Springs, Florida
    2006 240 Sundancer
    5.0 Mercruiser with Bravo III Drive
    You're a good sport even though it appears that some of the folks here don't give you a lot of slack. Humm, I wonder why? :smt101
     
  10. chuck1

    chuck1 Super Moderator TECHNICAL Contributor PLATINUM Sponsor

    Oct 3, 2006
    North GA Mountains
    Looking For Next One
    Looking For Next One
    "Crash" In one of the trade web/blog sites they were saying it had gotten so bad in the Cape Coral area that the county had to hire yard people to clean up some of the abandoned/vacant homes yards, trying to keep the values from falling even more in certain neighborhoods. They had also canceled/put on hold construction on some new schools since all the construction/development working families with kids have left the area since they could not find work. Is it as bad as they are saying??
     
  11. missnmountains

    missnmountains Member

    383
    Dec 12, 2007
    Florida
    2008 58 Sedan Bridge
    900 Man
    Cape Coral has more canals than Venice Italy. Housing is not that pricey, and plenty of Gulf Access House or Vacant Lots. Key West in 5.5 hours from our house. We explore Sanibel, Captiva, Cayo Costa about an hour from our house. Look up Cabbage Key, Useppa, Ft. Myers Beach.
     
  12. Fishnut

    Fishnut Member

    509
    Jan 30, 2008
    Bonita Springs, Florida
    2006 240 Sundancer
    5.0 Mercruiser with Bravo III Drive
    Well it's not Flint Michigan but it's pretty bad. The area is hard hit becuase there was a lot of medium affordable homes. Say 300-600,000 and you have water access. Unfortunately those homes were owned by people from the construction trades and there is no building going on right now. The big question is how long will it take to absorb the number of homes placed on the market. My guess 5 years. That places them out of most people's investment range. But for the boater that wants to retire here, it may make lots of sense especially in a planned community. Plus to be fair there has been a lot of retail and commercial building going on in the area.
     
  13. chuck1

    chuck1 Super Moderator TECHNICAL Contributor PLATINUM Sponsor

    Oct 3, 2006
    North GA Mountains
    Looking For Next One
    Looking For Next One
    Fishnut,
    Thanks for the update. I did not think it was as bad as they were saying. Sound like what I always try to tell my clients. Real Estate needs to be treated as a long term investment not a short term day trader/ flipper investment.
     
  14. osd9

    osd9 New Member

    Oct 3, 2006
    MidAtlantic
    2003 410DA
    Caterpillar 3126-TA w/ ZF 80-IV
    How's that saying go...."There's no bad times to buy realestate....just bad times to sell!!!"
     
  15. Turtlesboat

    Turtlesboat Minister of Media TECHNICAL Contributor

    Feb 4, 2007
    New York City
    1996 450DA, TNT, Caribe dink w/15hp OB.
    3126 427HP TD transmissions
    I use only one indicator to know when to sell or when to save my pennies to buy, my fedex guy. When he starts talking to me about stocks, or real estate as investments or a great way to make money, I know it's time to get out. Or wait about 5 years after everything has burned to the ground and go pick up some deals.
     
  16. chuck1

    chuck1 Super Moderator TECHNICAL Contributor PLATINUM Sponsor

    Oct 3, 2006
    North GA Mountains
    Looking For Next One
    Looking For Next One
    Great :thumbsup: You made my day, had not heard that one in a while.
     

Share This Page

Show Sidebar