Cape Coral is one of the largest cities by land area in the United States, featuring over 400 miles of navigable canals — more than any other city in the world. The market is dominated by single-family homes on canal lots, with Gulf-access properties commanding a significant premium over freshwater or non-canal properties. Cape Coral was significantly impacted by Hurricane Ian (2022), particularly in the southwest Cape near Pine Island Road. The recovery has been active, with insurance costs and flooding history now critical factors in every transaction. Buyers from New York and New Jersey are consistently drawn to the Cape's waterfront lifestyle at a price point far below comparable Naples properties.