1207 Sw 50th St, Cape Coral
Lee County Real Estate - Cape Coral
Cape Coral
Cape Coral is located in Lee County and borders the Gulf of Mexico. Cape Coral is the largest city between Miami and Tampa and has more miles of canals than any other city in the world. The main industries in Cape Coral include local government services, health care, retail, and real estate/ construction. The top employers for Cape Coral are Lee County School District, Cape Coral City Hall, Publix Supermarkets, Cape Coral Hospital, and Wal-Mart.
Cape Coral is in South West Florida. It's population as recorded in the 2010 Census was 154,305.
The median age for residents of Cape Coral is 42.4. Around 32.2% of Cape Coral households include school aged children and 30.6% of households include individuals aged 65 years or over. Census records indicate 88.1% of the Cape Coral population are White, 4.2% are Black or African American, .3% American Indian, 1.5% Asian and 2.3% are Two or more Races.
There are 78,948 housing units in Cape Coral. 18,181 (23%) of these were reported as vacant in the 2010 Census. Cape Coral is a tourist destination, 36.8% (6,706) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 19,368 residential rental units in Cape Coral. 16,693 of them were occupied in 2010 providing a residential rental vacancy rate of 12.9%.
Cape Coral links:
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Lee County
Lee County is located in the southwest Florida region, along with Collier and Charlotte counties. The communities in Lee County include Bonita Springs, Cape Coral, Fort Myers, Fort Myers Beach, Lehigh Acres, North Fort Myers, San Carlos Park, Sanibel/Captiva, and South Fort Myers. Incorporated communities are Cape Coral, Fort Myers, Fort Myers Beach, Bonita Springs, and Sanibel. The population of Lee County is in excess of 600,000.
Top industries currently providing employment are trade, transportation, and utilities; leisure and hospitality; education and health services; and professional and business services. Major private sector employers in Lee County are Publix Supermarkets, Wal-Mart, Chico's FAS Inc., Bonita Bay Group, and WCI Group. Top public sector employers are Lee County School District, Lee County Administration, Lee County Sheriff's Office, and the City of Cape Coral.
Historically, Lee County was best known for its agricultural industry and still heavily produces crops such as sweet corn, cucumbers, peppers and potatoes. Seafood is also produced in large quantities in Lee County. Annually, over five million pounds of fish and two million pounds of shellfish are harvested in Lee County. Today, however, the most dominant industries are tourism, construction, and other service related industries.
The most populous city in southwest Florida is Cape Coral, home to over 150,000. The U.S. Census Bureau estimated that the city grew by 10% from 2010-2013. The city lies on a peninsula surrounded by Charlotte Harbor, with the Caloosahatchee River on the city?s southern border. There are over 400 miles of inland navigable waterways within city limits, the most of any city in the world.
Located across the Caloosahatchee, the county seat of Fort Myers has a population over 60,000 people. The economic heart of Lee County, the city?s strength is in the services, including the healthcare and tourism industries. Just south of the city is Florida Gulf Coast University, Florida's newest public university. Additionally, Florida SouthWestern State College, formerly Edison State College, is located within city limits.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1209 Sw 50th St | Single Family | 5,967 | B |
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| 4930 Sw 11th Ct | Single Family | 4,117 | B |
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| 1211 Sw 50th St | Vacant Residential | 0 | L | |
| 4933 Sw 11th Ct | Single Family | 3,048 | B |
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| 5004 Sw 11th Ct | Single Family | 5,804 | B |
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| 4937 Sw 11th Ct | Single Family | 3,932 | B |
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| 4929 Sw 11th Ct | Single Family | 3,516 | B |
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| 4924 Sw 11th Ct | Single Family | 4,461 | B |
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| 1208 Sw 50th St | Single Family | 4,735 | B |
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| 5003 Sw 11th Ct | Single Family | 4,036 | B |
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| 1208 Sw 49th Ter | Single Family | 7,015 | A |
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| 1215 Sw 50th St | Single Family | 3,704 | B |
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| 4925 Sw 11th Ct | Single Family | 5,530 | B |
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| 5010 Sw 11th Ct | Single Family | 3,903 | B |
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| 5007 Sw 11th Ct | Single Family | 4,106 | B |
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| 1212 Sw 50th St | Single Family | 5,054 | B |
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| 1212 Sw 49th Ter | Single Family | 4,399 | B |
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| 4921 Sw 11th Ct | Single Family | 3,686 | B |
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| 1219 Sw 50th St | Single Family | 4,057 | B |
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| 5011 Sw 11th Ct | Single Family | 4,779 | B |
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| 1216 Sw 50th St | Single Family | 7,087 | B |
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| 1216 Sw 49th Ter | Single Family | 5,493 | B |
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| 4936 Sw 11th Pl | Single Family | 3,362 | B |
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| 4917 Sw 11th Ct | Single Family | 4,906 | B |
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| 4932 Sw 11th Pl | Vacant Residential | 0 | L | |
| 5002 Sw 11th Pl | Single Family | 3,765 | B |
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| 1201 Sw 49th Ter | Single Family | 3,795 | B |
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| 5018 Sw 11th Ct | Single Family | 8,162 | B |
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| 4928 Sw 11th Pl | Single Family | 0 | A | |
| 1207 Sw 49th Ter | Single Family | 3,639 | B |
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| 5017 Sw 11th Ct | Single Family | 4,357 | B |
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| 1220 Sw 49th Ter | Single Family | 3,468 | B |
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| 1223 Sw 50th St | Single Family | 4,116 | B |
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| 5008 Sw 11th Pl | Single Family | 5,320 | B |
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| 4924 Sw 11th Pl | Vacant Residential | 0 | L | |
| 1211 Sw 49th Ter | Single Family | 3,733 | B |
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| 1222 Sw 50th St | Single Family | 4,637 | B |
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| 4913 Sw 11th Ct | Single Family | 4,138 | B |
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| 1211 Sw 51st St | Single Family | 7,110 | A |
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| 5012 Sw 11th Pl | Single Family | 4,614 | B |
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| 5021 Sw 11th Ct | Single Family | 3,482 | B |
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Local Household Income
The median household income in this part of Florida is $59,855. The bottom 10% of the population earn less than $19,088 per year. The top 10% earn more than $131,826 per year. The top 1% earn more than $411,391 per year. Most renters earn between $30,732 (20th percentile) and $45,420 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $119,710 and $149,638.
The tax assessed value of this property places it in percentile 99 of all properties in this area. This suggests it would appeal to someone earning around $411,391 per year who should qualify for a mortgage between $822,782 and $1,028,478.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,033. Most renters earn between $2,561 and $3,785 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $850 (20th percentile) to $1,308 (80th percentile) range. The residential vacancy rate is 6%.
This property falls in percentile 99 of all properties in this area. This corresponds to a rent of $2,426 per month and a monthly household income of $7,536 ($90,432 per year)
Nearby Companies
1211 Sw 49th Ter
1208 Sw 50th St
1224 Sw 49th Ter
1226 Sw 50th St
1201 Sw 49th Ter
1201 Sw 49th Ter
4933 Sw 11th Ct
5003 Sw 11th Ct