Palaco Grande Waterfront Real Estate (Gold Coast)
Wonderfull sailboat access community
The Palaco Grande Neighborhood in Cape Coral is based on the road Palaco Grande Parkway that runs East to West and includes the section of that road to the East of Del Prado Blvd and then over to the Caloosahatchee River. This neighborhood is located in Unit 12 and is one of the 6, well established neighborhoods that make up the desirable “Gold Coast” section of Cape Coral. Palaco Grande is typically well maintained and offers exceptional waterfront real estate with many larger canals including 5 canals at over 175 feet wide creating incredible nautical views and premium priced real estate homes. Since Palaco Grande is all “Direct Access”, it is a great choice for those who have sailboats and want wider canals with no overhead bridges, but do not want to spend the extra money to be in the locations South of Cape Coral Pkwy. Real Estate becomes slightly more bang for your buck as you move up along the river on the Eastern side of Cape Coral.
Being an earlier established community, Palaco Grande certainly offers a mix of real estate including homes from as far back as 1968 to modern, Mediterranean estate, new construction mansions. This is certainly part of a group of neighborhoods known in Cape Coral for their tear downs. This is due to the land value and a buyers willingness to demolish an older home to make space for a newer, much larger home that maximizes the property boundaries and takes advantage of the very sought after water access of the canals here. While it may seam odd to some that this is a common practice, there are certain advantages to this process over building new on an empty lot. One of them being the possibility of not needed to pay what is known as “impact fees” since the “impact” on the local infrastructure has already been factored in since a home was previously existing on the lot
Palaco Grande is located in the Southeast quadrant of Cape Coral in the Gold Coast area off Del Prado Boulevard. Prices in the Palaco Grande Neighborhood start in the upper $300,000’s for the original built Florida homes and range up to over $1 Million dollars for its many riverfront and "corner lot" available homes. The current median home sale price for Savona is approximately $435,000. There are no HOA communities or condo buildings available in this neighborhood, all homes are considered “Single Family Homes”.
Like the Cornwallis above it and Savona below neighborhoods, Palaco Grande is very conveniently located to shops and restaurants both downtown and along Del Prado Blvd. It also provides very fast access to Fort Myers via the Cape Coral Bridge just 2 miles away.
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Palaco Grande close by Neighborhoods are:
Beach Parkway (Mostly Condo's with large Waterfront and Riverfront views)
Savona Parkway (Mostly all single Waterfront Homes)
Downtown Cape Coral
