Cape Coral Utility Assessments
At this time, both areas Southwest 6/7 and North 1-8 above Pine Island Road are being targeted for utilities. In the Southwest 6/7 area water, wastewater and irrigation are proposed, in the areas North 1-8 area only water is being proposed.
Cape Coral offers three payment options for the currently proposed utility expansions:
- a complete upfront payoff
- amortized annual payment of interest and principal over a twenty-year term
- deferral of principal and interest for 10 years or until a sale, transfer or refinance of property.
Here are the estimated figures from Cape Coral for a standard 80 x 120 vacant lot that I own in Southwest 6/7 area:
Although these figures are strictly estimates, they do provide a general scope of expense for those considering a Cape Coral real estate purchase.