Investor · Fort Collins, CO · Member since 2014 · 123 posts · 329 votes
4y
@Robert Knight that's you slamming the volleyball down in the article pic right Rob? I was so impressed with the quality of the build you are developing for my family. For the benefit of the BP community, as a developer what makes you excited enough to focus development in the Cape Coral area vs. other areas of FL?
@Robert Knight that's you slamming the volleyball down in the article pic right Rob? I was so impressed with the quality of the build you are developing for my family. For the benefit of the BP community, as a developer what makes you excited enough to focus development in the Cape Coral area vs. other areas of FL?
Investor · Fort Collins, CO · Member since 2014 · 123 posts · 329 votes
4y
@Rong Tan the Valencia model. The inside is nearly finished, just waiting on septic inspection from the State Health Department to finish things up outside. Lots of really nice customizations like upgraded windows, paver driveway and sidewalk, tile floors, irrigation system, etc.
Developer · Cape Coral, FL · Member since 2015 · 7 posts · 5 votes
4y
Hey Trevor,
Thanks for the comments on our build quality. We love creating homes that stand out in the market for our investors. Also, a great question regarding Cape Coral. We really see Cape Coral as the most exciting market in Florida in terms of value for money.
For starters the Cape is a is Master-planned,
Pre-plotted with 400 miles of navigable canals, 50% of
which are Gulf access and the freshwater canals feed
into a network of lakes.
The Cape is also:
- Top 10 places to invest, to retire, and to own a boat.
- Top 25 safest cities in America with a population of
150,000 or more.
- Cape Coral ranks No. 3 on a list of “The Most
Affordable Cities to Live in Florida” by Livability.
com.
- Location, Location, Location: We are surrounded by beautiful barrier islands
with white sand beaches, 33 parks, 5 Golf courses,
8 Boat ramps and an excellent school system that
provides school choice.
@Rong Tan the Valencia model. The inside is nearly finished, just waiting on septic inspection from the State Health Department to finish things up outside. Lots of really nice customizations like upgraded windows, paver driveway and sidewalk, tile floors, irrigation system, etc.
@Trevor Fleck
are you building the other models verona? Wonder how much are those appraised yet at the moment
Investor · Fort Collins, CO · Member since 2014 · 123 posts · 329 votes
4y
@Rong Tan I've not personally built the Verona model but I know several people who have. The appraisals are coming back nearly identical. It's a very similar build to the Valencia as far as specs, sqft, etc.
I had considered looking at lots in the NW near golf course for potential STR on the Verona model. Did you guys find any reason that STR‘s won't work out that way if you got lots out there? Or did you find the pro forma on long-term rentals to be at a better advantage?
Developer · Cape Coral, FL · Member since 2015 · 7 posts · 5 votes
4y
The proforma for the STR pencils out really well in the North West Cape. I personally really like the golf course area but I think most visitors looking for an escape and they are thinking about the water. There are a lot of investors who are even using oversized dry lots for Airbnb but they are adding some or all of the following key amenities to create the "Vacation Experience"
- Pool with jacuzzi
- mini-split in the garage with epoxy floor to accommodate a pool table or ping pong table
- Privacy fence
- Bring in a few loads of white beach sand with two coconut palm trees and a hammock