5 Tips for Buying Cape Coral Waterfront Real Estate

Purchasing a home is a complicated process. Your search for properties, secure financing and then settle on the closing date. All of that gets more complicated when you look for waterfront properties!

Buying a waterfront home may be your dream. But there are some things you should keep in mind before purchasing your dream home.

Read on to learn the five tips for buying Cape Coral waterfront real estate.

1. Look for an Agent Who’s Familiar with Cape Coral Waterfront Real Estate

Because waterfront property is so different from other types of properties, you should ensure that you’re working with a real estate agent who’s familiar with the area.

They’ll have specific knowledge of what to look for in a waterfront property. What’s the best price for Cape Coral waterfront real estate? Is the property gulf-access or on a freshwater canal? What is the cost of flood and other insurance? Are there any concerns?

These are all questions that a real estate agent with experience can answer for you.

2. Inspect the Property

This may seem like a basic tip, but inspection is done differently on a waterfront property. When looking at the property, make sure you’re not just looking at the home. Things like a damaged seawall, terrible privacy, or awkward access for your boat are all factors you should consider.

Remember that the home can always be changed. However, the property and the water surrounding it cannot.

3. Find Out How You Can Utilize the Property

Chances are, you’re buying waterfront property because you want to get on the water! If there’s anything you’d like to change, such as adding a dock or boat lift, make sure that you’re able to do so before purchasing. You should also double check to ensure you’re able to use your favorite watercraft (motor boat, sailboat, jet ski, kayak, etc.) here.

Some areas have tight restrictions on whether or not you can make alterations. For example, you can take a look at Cape Coral’s codes and ordinances here.

4. Secure a Loan Early

Securing a loan is stressful enough when looking for regular properties. When you’re looking to purchase Cape Coral waterfront real estate, understand that the loans might take longer than traditional loans.

Do yourself a favor and start securing your loan as early as possible. This will make searching for properties much easier, and you’ll know your budget.

5. Understand Your Insurance

As you can see, purchasing waterfront property means you’ll have several factors to consider. This is also the case when it comes to ensuring your future home is covered in case of any disaster. Before you purchase, make sure you’re aware of the types of insurances you’ll need.

For example, in the state of Florida, you’ll need to prepare for hurricanes and the like. You may be expected to purchase the wind, flood, and general insurance to keep your investment safe. The elements in Florida are unpredictable, so it’s best that you understand each policy thoroughly.


Are you ready to purchase a waterfront property? Before you shine your boat and prep your jet ski, you should know what you’re getting into.

Make sure that you’re working with a trusted real estate agent who understands the area. You should also do a thorough investigation of the home and the surrounding property and water. Make sure you know how you’ll be able to use the property before purchasing.

Looking to secure a loan for your dream home? Contact us today so we can discuss your financial situation and find a custom plan for you!

Cape Coral Mortgage, Inc.
3512 Del Prado Blvd. S Ste106
Cape Coral, Fl. 33904
(239) 540 5555

About US

Cape Coral Mortgage has been in Florida for 20 years with over 100 years of combined experience in the mortgage industry. Our team has vast experience in all phases of mortgage lending.

Recent Posts

Follow Us

Start Your Pre-application Right Now

It is Free and we can help you to start the process quickly!