Bank Owned Direct Access Estate Home Unique Buying Opportunity in Cape Coral Florida

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Zen Real Estate alerts waterfront home buyers in Southwest Florida of an opportunity to purchase a direct Gulf access, bank owned foreclosure estate home with 320 feet of southern exposure water frontage in Cape Coral, Florida at the bargain price of $94 a square foot.

The lot alone on almost half an acre of land in Cape Coral's Gold Coast, on a 200 foot southern exposure intersecting canal with 320 feet of water frontage, has long term value and is worth the asking price of this property,

A one of a kind, direct access estate home, on a 200 foot intersecting canal with 320 feet of southern exposure water front, is now available for sale as a bank owned foreclosure for $465,200 or $94.82 a square foot. Built in 1984 this estate home is 4,906 square feet, has three distinct separate living areas, 6 bedrooms, 4 ½ baths, and 2 full kitchens. Zen Real Estate (http://www.AskZenRealEstate.com) broker Robin Speronis alerts buyers of unique luxury waterfront estate homes in Southwest Florida that this estate home represents a great bargain in this real estate market.

“The lot alone on almost half an acre of land in Cape Coral’s Gold Coast, on a 200 foot southern exposure intersecting canal with 320 feet of water frontage, has long term value and is worth the asking price of this property, ” says Robin Speronis, owner/broker of Zen Real Estate of Southwest Florida. “But, this home is far from a tear down and is also close to shopping and dining. A buyer of this type of foreclosure can expect to have to do a lot of cosmetic work, some updating and probably some repairs.”

A recently sold comparable, sold for $464,000 or $162.64 a square foot on May 18, 2010. The comparable was built in 1988; sits on .320 acres of land with 260 feet of northern exposure water frontage. The comparable home is 4 bedrooms, 3 baths and 2,853 square feet.

The website http://www.AskZenRealEstate.com has details and pictures on this direct Gulf access bank owned estate home in Cape Coral, Florida. Broker Robin Speronis is also available to answer questions on this estate as well as other properties in Southwest Florida through an integrated chat feature on the website.

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