Joe Kendall Realtor a" Waterfront Specialist" Sandals Realty writes, I was talking to a client of mine the other day, he came over to my home and he asked me this question? Why some of the luxury waterfront homes on the 200 foot canal just off the river, cost in some cases almost as much as river frontage property?
I explained, it's just like anything else it is always in the eyes of the buyer, and what they perceive in value and in needs or requirements in a home. If the buyer is a boater, he or she may feel it is better to be in the 200 ft wide canal, Then in the river for just the simple fact of docking your boat. (Being an avid boater myself, I know Some days it is a real challenge in docking your boat if you live on the river!)
A home buyer may desire the shortest distance to the gulf, some protection from the wind and storms, specially if they are not a real avid boater. The value of a water view is in no question, much nicer on the river! But it still boils down to, what is the real value to each buyer in their perspective. It might even be worth more then you think!
Gulf Access Waterfront Homes in Cape Coral Florida with over 300 miles of Gulf Access Waterfront Propertyt is still in today's market prime waterfront property. The waterfront homes may sell for a lot less then they did in say 2005 but again, they are not making any more gulf access property.
please under stand that home values are based on the simple term of "Supply verse Demand " today the current supply out weights the demand, but in the last 3 months sale have increased , inventory is decreasing and the bottom pricing of Gulf Access Waterfront Property is slowly starting to rise. This is the sign that we have past the bottom of the market on Gulf Access Waterfront Propertyand are leveling off or on a narrow rise in price.
If you are in the market to buy a Gulf Access Waterfront Property in Cape Coral located in Southwest Florida? Here is link to search all the waterfront listings from my site site just click here "My Free Waterfront Property Home Search Account"
I look forward to working with you !
Joe Kendall, Realtor Sandals Realty
Waterfront & Foreclosure Specialist
Phone 239-560-0726 Fax 239-236-0422
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