Cape Coral New Construction

[Matt Allen]

I am strongly considering new build construction in NW Cape Coral Florida. The new build is still on the well/septic system but I am being advised that conversion to city services is several years away. I am also advised it is not in a flood zone. For a 4 bedroom property, they anticipate rent at $2500, which seems higher than rents in older Cape Coral. Does anyone have experience in this area and could shed light on the rental market in the new build areas? Are insurance costs reasonable if you avoid flood zones?