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304 Nw 13th Avenue
Cape Coral, FL 33993
$998,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
2124 Square Feet
Property Description
Check out this brand new custom LAKE HOUSE with heated pool and spa! This contemporary home features 12' ceilings, 3 bedrooms, 2 bathrooms, a den/office, and 3 car garage. Huge amounts of custom upgrades like the 72" fireplace make this house stand out from the rest! Beautiful tile is featured throughout the home under its high ceilings. The kitchen is a modern masterpiece that's sure to attract plenty of attention. High-grade stainless-steel appliances including washer and dryer! The large kitchen island is perfect for cooking, baking, or entertaining friends and family. All windows and doors are impact resistant which means no shutters needed! The pool area features a heated oversized pool and spa. Located on a huge lake in NW Cape Coral, this house is just minutes away from restaurants, shopping, Downtown Fort Myers, I-75, and much more! Brand new seawall!!! Pavered driveway and lanai. Great investment opportunity as a vacation rental or simply live in it yourself and enjoy the fabulous Gulf Coast lifestyle. Property management company eager to keep renting these houses out as vacation rentals if new owner so desires! *Pictures are of its identical sister house*Completion in May
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2023
MLS Number
--
Location
Address
304 NW 13th Avenue
City
CAPE CORAL
State
FL
Zip Code
33993
County
LEE (COUNTY WEST)
Listing
Provider
Vacationhit Realty, original listing
Name
Phone
(239) 634-8340
Office Name
Office Phone
(239) 634-8340
Agent Name
Kevin Koch
Agency Phone
(239) 634-8340
House Features
Appliances: Dishwasher, Oven, Washer, Microwave, Range, Refrigerator, Garbage Disposer, Dryer, Freezer, Ice Maker
Appliances
Architectural Style: Ranch
Architectural Style
Construction Materials: Concrete, Stucco, Block
Construction Materials
Cooling: Ceiling Fan(s)
Cooling
Flooring: Tile
Flooring
Heating: Central Furnace
Heating
Interior Features: Fireplace, Cable Tv, Kitchen Island, Pantry, Builtin Features, Tray Ceilings, Attic, Separate Shower, Bar, Split Bedrooms, Pull Down Attic Stairs, Walk In Closets, Custom Mirrors, BATHTUB, DUAL SINKS, CLOSET CABINETRY, Living Dining Room, Family Dining Room
Interior Features
Rooms: Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Rooms
Utilities: Cable Available
Utilities
Window Features
Exterior Features: Sprinkler Irrigation, Water Feature, Security High Impact Doors
Exterior Features
Parking Features: Garage
Parking Features
Property Condition: New Construction
Property Condition
Roof: Tile
Roof
View: Water, Lake
View
Waterfront Features: Lake, Waterfront, Navigable Water, Seawall
Waterfront Features
Neighborhood/Schools
Elementary School/District: Canyon
Elementary School/District
Middle/Junior High School/District: Canyon
Middle/Junior High School/District
High School/District: Canyon
High School/District
Subvidision Name: Cape Coral
Subvidision Name

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.