- April 8, 2025
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Here's a sign that better times are back: A Boston-based developer is building condos in Cape Coral.
You read that right.
Few areas of the country epitomized the collapse of the residential real estate market more than Cape Coral. In fact, the city was home to the biggest foreclosure anywhere on the Gulf Coast, from Tampa to Naples: the monster $340 million foreclosure of Tarpon Point, a condo complex in south Cape Coral.
