Cape Coral was built about 40 years ago by two land speculators who believed that the
property’s location on the Gulf Coast provided abundant sunshine and almost endless
opportunities for waterfront living. The Rosen brothers purchased the property, platted
the community and created more than 400 miles of canals. The brothers began a massive marketing campaign that resulted in the sale of nearly all of the 350,000 residential building sites, the majority to people who lived in other states.
One of the fastest growing areas in FloridaThe City incorporated in August 1970, and its population continues to grow rapidly. With more than 160,000 residents, Cape Coral is one of the fastest growing areas in Florida. Cape Coral is the third largest city by land area in the state of Florida and is the 11th largest city in population. The city features thousands of waterfront residential properties on canals, including many with direct saltwater access to the Gulf of Mexico and Charlotte Harbor. The supply and affordability of these waterfront sites makes Cape Coral one of the most attractive communities on the Gulf Coast.
The city is a large
peninsula bordered by the Caloosahatchee River on the east and
Matlacha Pass on the west. It is located between Sarasota and Marco Island.
Cape Coral also is one of only three cities in Florida that
does not have public services
taxes. This results in considerable savings for residents. The public service tax charged by other cities can range up to 10 percent and is based on consumption of electricity, water, telecommunications, and bottled or metered gas.