The City incorporated in August 1970, and its population continues to grow. With more then 100,000 residents, Cape Coral is one of the fastest growing cities in Florida. Cape Coral is the 2nd largest city geographically in the state of Florida and the 12th largest city in population. The city features thousands of waterfront residential properties n canals, including many with direct, saltwater access to the Gulf of Mexico and Charlotte Harbor. The supply and affordability of these sites make Cape Coral one of the most attractive communities on the Gulf Coast. The city is a large peninsula bordered by the Caloosahatchee River on the east and Matlacha Pass on the west. It is located between Sarasota and Marco Island.