I moved to Cape Coral 3 years ago. I bought a 3/2 house on a 200' wide canal 1 block from the the river for $165K. I thought I was being boar hogged. In the last two years, 4 of my neighbors have torn down their houses and built 5,000 sq ft mansions. Three months ago, an investor paid $250K for the house next door, bulldozed it and put the lot up for $350K. Took 10 days for him to get it. This market is nuts!