Jul 15 2016

Cape San Blas Real Estate Week in Review – July 9-15, 2016

Published by under Cape San Blas

For Sale and SoldSummer is in full swing and the abbreviated scallop season doesn’t seem to be taking much of a toll on visitors flocking to our shores. Real estate remains a popular souvenir as we closed four sales and buyers wrote up seven new contracts. Sellers hung out five new For Sale signs, and changed prices on ten others.  With all that, our inventory finally took a nice little dip, shedding five, closing the week at 264, with 86 houses and 178 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Fannie Mae Owned Barrier Dunes Townhouse Under Contract June 2016 with List Price of $184,900

The first of our four sales was on the north end of the Cape in Barrier Dunes where back in May buyers submitted a winning bid on this Fanny Mae-owned 2-bedroom, 2-bath, gulf view townhouse listed for $184,900.  This place has been sitting vacant for several years now and is in need of a fair amount of TLC. The appliances are still in place but there are no furnishings. Back in 2005 it sold for $395,000.  The bank got its full list price of $184,900 at closing.

Cape San Blas Gulf Front Home Under Contract Jan. 2016 with List Price of $799,000

Sale number two is a 3-bedroom, 3-bath, 1,728 square-foot gulf front home by the blue Sunrise Sunset townhouses. The sellers bought the circa-2001 home in a foreclosure sale in 2009 for $423,400. They’ve painted, remodeled and refurnished, had it under contract with an asking price of $799,000, and turned over the keys at closing on Friday for $750,000.

Money Bayou First Tier Lot Under Contract June 2016 with List Price of $80,500

Over in Money Bayou on Sweetwater Shores Drive, back in mid June buyers penned a deal on this little first tier lot measuring just 35′ by 70′, or 0.06 of an acre.  Small lot with a big price tag of $80,500. The county side setbacks for building are 9 1/2′ for a structure on pilings, so the max width of a home on this lot will be 16′.  The new owners took title on Friday for $77,500.

Indian Summer Lagoon Front Lot Under Contract June 2016 with List Price of $70,000

Our fourth and final sale is located at Indian Summer on Indian Pass where this canal front lot listed for $70,000 went under contact in mid-June. This is a quasi-gated community, meaning there’s a gate, it’s just never closed. The lots here all include deeded gulf access, and there is a lovely community pool over looking the beach.  This particular lot lies in the section of the neighborhood that is outside the Coastal Barrier Resource Area (CBRA) and is therefore eligible for FEMA flood insurance. The sellers purchased the property in 2000 for $37,000, and sold it on Friday for $60,000 cash.

Gulf View Lot at Secluded Dunes Under Contract July 2016 with List Price of $139,000

Now onto our seven new contracts, returning to the north end of the Cape, this time starting off in Secluded Dunes where this 102′ by 372′, 0.85 acre first tier lot went under contract on Monday with a list price of $139,000. The seller purchased this with a number of other parcels in mid-2000 so no individual sales data on this lot alone.

Cape San Blas Bay Front Home Under Contract July 2016 with List Price of $465,000

Just south of Coneheads restaurant is Spinnaker Drive, a meandering dirt road that leads to Main Sail Drive, home to this charming little 2-bedroom, 2-bath, 1,152 square foot bay front house listed for $465,000.  This little cabin on the bay comes complete with an in-ground pool overlooking pristine St. Joe Bay.  The sellers bought it in the summer of 2005 for $825,000, but even so it’s not listed as a short sale.

Ovation Bay View Lot at Cape San Blas Under Contract July 2016 with List Price of $69,000

Contract number three is in Ovation where lately we’ve seen both a lot of interest and a lot of construction. Sellers accepted an offer on their third-tier bay view lot listed for $69,000 which they bought in mid-2013 for $31,900.

Cape San Blas Gulf Front Home Under Contract with List Price of $1.25M

Next up is a recently listed 5-bedroom, 5 1/2-bath, 3,399 square foot gulf front home on Haven Road listed for $1.25M.  It was built in 2006, and is centered upon 55′ of beach front.  The sellers have owned it for ten years, having bought it in 2006 for $850,000.

Second Tier Lot on the South Side of the Cape Under Contract July 2016 with List Price of $84,900

Down on the south side of the Cape on Turnstone Drive in San Blas Plantation, parties shook hands over this 83′ by 187′, one-third acre second tier lot listed for $84,900. Property owners in this community enjoy deeded gulf access, and bay access as well via a reciprocal agreement with Eventide, a little subdivision located directly across the street. The sellers purchased this property in October 2003 for $177,500.

Interior Lot on the South Side of the Cape Under Contract July 2016 with LIst Price of $39,500

In nearby Boardwalk, buyers accepted an offer on the 100′ by 75′ corner lot listed for $39,500. This is one of the earliest subdivisions on the Cape, dating from the early 80’s. They have a very nice community pool overlooking the gulf.  These sellers bought in late 1996 for $10,000.

Second Tier Gulf View Lot on C-30 Under Contract July 2016 with List Price of $52,000

To wrap things up today, we’ll leave the Cape travelling east on C-30 towards the world famous Indian Pass Raw Bar, stopping in Sweetwater Shores where buyers had their offer accepted on a 70′ by 195′, one-third acre second tier lot on the north side of C-30. The sellers bought it in a bank sale in early 2014 for $37,000 and have it listed for $52,000.

That’ll do it for this week. Glad to have so much activity going on as people are snapping up these great deals on premium properties. If you’re looking for terrific values, there’s no time like the present to start searching, and I’ll be glad to help you with that. Simply call or text me at 850-227-5197 or use good old reliable email to sherri@sherridodsworth.com. Get in on the sales action here at the Cape where the only thing hotter than the weather is our real estate market. Have a terrific week, keep cool, and hope to see you back again next week. Thanks for stopping by today. Take care.

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Jul 08 2016

Cape San Blas Real Estate Week in Review – July 2-9, 2016

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For Sale and SoldWe had a wonderful Independence Day celebration here along the coast with basically any home that could be rented occupied with happy visitors. The weather and water were fine and everybody seemed to have a really good visit.   Only a few took time away from the fireworks and festivities to pursue real estate ventures, as we closed only three sales and wrote up four new contracts. Sellers added eight new listings (one of which is already under contract), and changed prices on nine others.  Our inventory inched up by two, closing the week at 269, with 89 homes and 180 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.  Let’s see what caught buyers’ eyes.

Bay View Corner Lot In Ovaton at Cape San Blas Under Contract June 2016 with List Price of $119,000

The first of our three sales is in Ovation where shoppers penned a contract early last month on a bay view corner lot listed for $119,000.  In mid-2014 the 80′ by 85′ lot sold for $65,000, and on Tuesday the parties closed for $102,000.

Cape San Blas Bay Front Lot Under Contract May 2016 with List Price of $214,900

Sale number two is this appealing bay front lot just north of the tip of Pig Island. It is a half-acre parcel, partially cleared, with a driveway in place, a DEP-approved dock permit, and 65′ of waterfront. The sellers listed it for $214,900, and sold it for $205,000 cash.

Cape San Blas Gulf Front Lot Under Contract June 2016 with LIst Price of $279,000

Down on the south side of the Cape on Louisiana Lane not far from the Sand Bucket Smokehouse and Grille, sellers sold their 50′ by 517′, 0.57 acre gulf front lot for which they were asking $279,000. It wasn’t listed as a short sale even though county records indicate it last sold in mid-2004 for $640,000, and on Wednesday they signed it over to the new owners for $250,000 cash.

Cape San Blas Lot Under Contract July 2016 with List Price of $58,000

To kick off our review of our four new contracts we’ll head up to the north end of the Cape to Park Pointe where buyers penned a contract on this 90′ by 120′, quarter-acre, interior lot listed for $58,000. The seller bought it in January of 2015 for $46,000. Back in October of 2003 it went for $280,000.

Cape San Blas Barrier Dunes Townhouse Under Contract July 2016 with List Price of $295,000

In nearby Barrier Dunes, this recently listed 2-bedroom, 2-bath, 1,216 square-foot townhouse went under contract on Thursday with a list price of $295,000. This end unit has a great gulf view straight down the greenway.The sellers bought it in the summer of 2012 for $200,000 and have done a fantastic job of renovating it.

Cape San Blas Gulf View Lot Under Contract July 2016 with List Price of $69,900

Down on the south side of the Cape in Jubilation a 50′ by 80′ gulf view lot went under contract on Friday, the same day it was listed,  with a list price of $69,900.  Back in October 2004 it sold for $450,000.

Cape San Blas Gulf Front Home Under Contract July 2016 with List Price of $1.12M

Half a mile or so down Cape San Blas Road in Two Palms, sellers accepted an offer on their lovely 4-bedroom, 4 1/2-bath, 2,573 square-foot gulf front home listed for $1.12M.  It’s situated on 54′ of beach front. In August of 2007 it sold for $1.306M, and the current owners bought it in late 2012 for $1.22M.

That does it for this week. Our market continues to recover, so the time for standing on the sidelines as a buyer waiting for prices to go even lower has long passed.  If you have your heart set on a particular property, now is the time to stake your claim.  If you’re an owner wanting to sell, the pendulum has definitely swung back in your direction. Either way, I can help you achieve your real estate goals. Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll get started. I hope to hear from you soon, and appreciate your stopping by today very much.

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Jul 01 2016

Cape San Blas Real Estate Week in Review – June 25-July 1, 2015

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For Sale Sold SignWhat a difference a week makes! After two sleepy weeks of slow activity, our market roared back to life closing six sales and writing up eight new contracts.  Sellers brought seven new listings to the market mix, and changed prices on two others. All that activity still had very little impact on our inventory as we shed only one, closing the week at 267, with 88 homes and 179 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.

Interior Lot at Park Point Under Contract May 2016 with List Price of $43,500

Let’s launch into our review of this week’s six sales by heading up to the north end of the Cape to Park Pointe where the parties closed on a bank-owned, quarter-acre interior lot.  The bank had it listed for $43,500, but accepted $38,601; quite a bargain from the $370,000 it sold for in November 2004.

Bank Owned Townhouse Sold June 2016 for $184,900

In nearby Barrier Dunes, our second sale is this bank-owned 2-bedroom, 2 1/2-bath, 1,197 pond-front townhouse, unfurnished and vacant for quite some time. The downstairs bedroom shows signs of a water leak issue some time in the past, and a section of sheetrock had been cut out of the wall revealing a pipe connected to the upstairs master bath that had been severed but not repaired. In short: this is a true fixer upper. The bank asked for and got $184,900 for it.

Cape San Blas First Tier Lot Under Contract June 2016 with List Price of $147,500

Sale number three is a quick resale of a property on Bamba Lane that the seller purchased just three weeks ago from Cadence Bank on the first of June for $127,000. They immediately put it back on the market, asking $147,500, and on Friday sold it for $85,000; the MLS notes didn’t say so, but I suspect this is just a first tier portion of the parent lot. It’s a very oddly shaped piece of property.

Cape San Blas Gulf View Duplex Under Contract May 2016 with List Price of $289,000

Down on Aruba this gulf-view 2-bedroom, 2-bath, 1,992 square foot “X”-zone duplex went under contract in less than a week when it was listed at the end of May. The sellers bought it in January 2004 for $120,000, had it listed for $289,000, and handed over the keys to the new owners on Tuesday for $270,000.

Cape San Blas Gulf Front Townhouse Under Contract May 2016 with List Price of $299,000

A lot of townhouse action this week. Next up is a 3-bedroom, 2 1/2-bath gulf front unit. It’s one of the homes in Sunrise Sunset, a complex on the south end of the peninsula down near the rocks at Stumphole.  The sellers bought is in May 2015 for $227,500, spruced it up with new paint and furnishings, put it back on the market asking $299,000, and sold it for $290,000.

Treasure Shores Gulf Front Lot Under Contract June 2016 with List Price of $399,000

Buyers trounced on this Treasure Shores gulf front lot within days of it debuting in the MLS. This 75′ wide, half-acre, FEMA-eligible beauty was listed for $399,000 and went under contract exactly one week later. The seller has owned the property since 1984 when she purchased it for just $46,000, and sold it on Thursday for $389,000.

Barrier Dunes Gulf Front Townhouse Under Contract June 2016 with List Price of $297,500

Everyone wanted a piece of our coastal paradise this week and we Realtors were kept busy showing property and writing up eight new contracts. The first one takes us back to Barrier Dunes to this bank-owned 2-bedroom, 2 1/2-bath, 1,593 gulf front townhouse on Sabal Drive. It’s being sold unfurnished and is listed for $297,500. The last time it sold was back in early 2005 when it went for $490,000.

Cape San Blas Bay Front Home Under Contract June 2016 with List Price of $449,900

Here’s a pleasant bay front offering, 3-bedroom, 3 1/2-bath, 1,700 square home listed for $449,900. It’s situated on 90′ of waterfront in the Hibiscus Bay subdivision, a pretty little community with deeded gulf access and a nice community pool.

Gulf Front Cape San Blas House Under Contract June 2016 with List Price of $849,000

We’ll travel south about two miles to Barbados Drive in Turtle Dunes where sellers accepted an offer on their 4-bedroom, 4-bath, 2,726 square foot gulf front home listed for $849,000. It’s a 2008 vintage rental property on 48′ of sandy white beach. It last sold in mid-2012 for $625,000.

Cape San Blas Duplex Under Contract June 2016 with List Price of #334,000

Aruba Drive was a happening place this week, with buyers securing a contract on this 4-bedroom, 2 1/2-bath, 1,992 square foot circa 1985 duplex sporting a $334,000 price tag. It’s in an X zone and there are no HOA fees. The sellers bought it in 2012 for $225,000 and have done a lot of customizing since then.

Cape San Blas Gulf Front Lot Under Contract June 2016 with List Price of $224,900

Our next contract is on a 100′ wide waterfront lot on the south side of the Sunrise Sunset townhouses. The property last sold in mid-2003 for $388,000, and went under contract on Thursday with a list price of $224,900.

Lot on McCosh Mill Road Under Contract June 2016 with List Price of $69,900

We’ll travel down to the south side of the Cape to McCosh Mill Road in Piney Woods where buyers had their offer accepted on this 95′ by 28′ X zone flag lot recently listed for $69,900. At the height of the real estate boom it sold for $399,900.

Cape San Blas Bay Front Lot Under Contract June 2016 with List Price of $124,900

Bay front is in high demand lately and buyers snapped up this offering within days of it debuting in the MLS. It’s a 75′ by 2050′, 0.59-acre lot listed for $124,900. Last time it went to the closing table was in mid-2004 when it went for $280,000.

Indian Pass First Tier Lot Under Contract June 2016 with List Price of $89,900

We’ll wrap it all up today out near the point of Indian Pass with this verdant quarter-acre, 40′ by 273′ first tier lot listed for $89,900.  The seller bought it in early 2013 for $70,000.

That’ll do it for this week. We’ve covered a wide variety of properties today and, as you can see, there are still a lot of good values to be had. If you’re interested in seeing what you might be able to pick up for yourself, please call or text me at 850-227-5197 or send an email to sherri@sherridodsworth.com. Have a terrific week, and thanks so much for taking time out to stop by today.

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Jun 24 2016

Cape San Blas Real Estate Week in Review – June 18-24, 2016

Published by under Cape San Blas

For Sale Sold SignIt’s officially summer now and our sales here along the Forgotten Coast seem to be on a bit of a vacation as for the second week in a row we have had another fairly quiet week, with just two closings, three new contractssix new listings, and new price tags on six others.   Our inventory inched up by three, closing the week at 268, with 89 homes and 179 lots listed in the MLS in the Cape San Blas, Indian Pass and C-30 Corridor market.

Indian Pass 2nd Tier Lot Under Contract June 2016 with List Price of $35,000

The first of our two sales is over at The Cottages of Indian Summer where the parties agreed to terms on this irregularly shaped quarter-acre, second tier lot listed for $35,000. The Cottages are in a FEMA eligible area, have a community pool, deeded beach access, and in-place drain fields for septic. The new owners took title for $30,000 cash.

Indian Pass Lagoon View Lot Under Contract April 2016 with List Price of $19,900

Our second sale takes us towards the far end of the Indian Pass Peninsula to the lagoon side of Higgins Street in Indian Pass Beach subdivision. Buyers had their offer accepted on this 70′ by 115′ low-lying lot listed for $19,900. The seller bought it in 2001 for $4,500, and sold it on Monday for full price of $19,900.

Barrier Dunes Townhouse at Cape San Blas Under Contract June 2016 with List Price of $269,000

The first of our three new contracts takes us up to Barrier Dunes on the north end of the Cape where sellers accepted an offer on their 2-bedroom, 2-bath, 1,216 square foot townhome on Sandpine Drive. They bought it at a short sale in early 2012 for $132,000, have brought in some new furnishings and spruced the place up quite nicely. They now have it under contract with a list price of $269,000.

Cape San Blas First Tier Lot Under Contract June 2016 with List Price of $147,500

Contract number two is a quick resale of a property on Bamba Lane that the seller purchased just three weeks ago from Cadence Bank on the first of June for $127,000. They immediately put it back on the market, asking $147,500, and on Thursday accepted an offer on it. It’s a very oddly shaped piece of property.

Cottages at Indian Summer Lot Under Contract June 2016 with List Price of $37,900

More activity over at The Cottages of Indian Summer with buyers selecting this quarter-acre, second tier lot for their future homesite. The property is on the cul de sac and directly across the street from the pedestrian access to the beach. The seller bought it in late 2011 for $27,500 and has it listed for $37,900.

That didn’t take long. Two slow weeks does not a trend make, but it is worth taking note of. Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com if you’re interested in searching for or selling a coastal property. Have a terrific week, and thanks so much for taking time to stop by today.

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Jun 18 2016

Cape San Blas Real Estate Week in Review – June 11-17, 2016

Published by under Cape San Blas

For Sale and SoldOur market took a bit of a breather this week, closing just one sale but writing up five new contracts.   Owners added seven new listings, and put new price tags on eight others. Still virtually no movement in our inventory, adding one since last week to close at 265, with 88 homes and 177 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.

Barrier Dunes Townhouse Under Contract April 2016 with List Price of $249,000

Our one and only sale is up Barrier Dunes where this 2-bedroom, 2-bath, 1,216 square-foot townhouse under contract since mid-April with a list price of $249,000.  The sellers bought the rental property in July 2013 for $187,500 cash. They’ve spruced it up nicely since then, and replaced the roof in the past two weeks.  On Monday they signed the home over to the happy new owners for $$230,000.

Cape San Blas Gulf Front Acreage Under Contract June 2016 with List Price of $2.298M

The first of our five new contracts is a rare find, indeed.   Investors snapped up this 4.3-acre, 200′ by 900′ gulf front parcel within days of its debut in the MLS with an asking price of $2.298M. With county density regulations allowing for three dwelling units per acre, this land could potentially be subdivided in to 12 or 13 lots, which in a way would be kind of sad to see.  The seller has owned this land for quite some time so I didn’t find any sales data in the property appraiser’s records.

Money Bayou First Tier Lot Under Contract June 2016 with List Price of $80,500

Over in Money Bayou on Sweetwater Shores Drive, buyers penned a deal on this little first tier lot measuring just 35′ by 70′, or 0.06 of an acre.  Small lot with a big price tag of $80,500. The county side setbacks for building are 9 1/2′ for a structure on pilings, so the max width of a home on this lot will be 16′.

Second Tier Gulf View Lot Under Contract June 2016 with List Price of $65,000

This is a photo of Treasure Shores, to the north of which lies Treasure Shores First Addition consisting of a series of second tier lots. Here a three-quarters of an acre lot, measuring 100′ by 330′ went under contract on Saturday with a list price of $65,000. The sellers bought it in mid-1998 for $120,000.

Indian Summer Lagoon Front Lot Under Contract June 2016 with List Price of $70,000

Our last two contracts are both on Indian Pass, starting with this canal front lot in Indian Summer listed for $70,000. This is a quasi-gated community, meaning there’s a gate, it’s just never closed. The lots here all include deeded gulf access, and there is a lovely community pool over looking the beach.  This particular lot lies in the section of the neighborhood that is outside the Coastal Barrier Resource Area (CBRA) and is therefore eligible for FEMA flood insurance. The sellers purchased the property in 2000 for $37,000.

Indian Pass Gulf Front LotUnder Contract June 2016 with List Price of $199,900

A little further down Indian Pass Road, the parties shook hands on a half-acre gulf front lot with 50′ of water frontage.  This is another property for which I didn’t find any sales data in county files.  The seller has it listed for $199,900.

And that does it for this week.  Our inventory still has some very attractive opportunities so if you’re toying with the idea of calling a piece of coastal property your own, let’s start looking. Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com to get the ball rolling. Have a terrific week, and thanks so much for taking time to stop by today.

 

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Jun 11 2016

Cape San Blas Real Estate Week in Review – June 4-10, 2016

Published by under Cape San Blas

For Sale and Sold   Hot! Hot! Hot! No – not just the weather, but our super hot real estate market. What a week!   We closed an impressive ten sales and wrote up five new contracts. Sellers added nine new listings to the mix,  and changed prices on seven others.  Even with all that activity, our inventory remains stubbornly stuck at 264, with 86 homes and 178 lots listed in the MLS in the Cape San Blas, Indian Pass and C-30 Corridor market.  Let’s see what’s shaking!

Cape San Blas Gulf Front Condo Under Contract March 2016 with List Price of $360,000

We’ll kick off at the north end of the Cape in Sea Cliffs to begin our review this week’s whopping crop of ten sales, starting off with this 3-bedroom, 2 1/2-bath, 1,670-square foot gulf front condo listed for $360,000. It was built in 1986 and is situated in an “X” flood zone. The sellers bought the unit back in 2003 for $433,500, and sold it on Monday for $351,000.  Monthly condo fees for these units are $785.

Barrier Dunes Single Family Home Under Contract April 2016 with List Price of $449,000

Next door in Barrier Dunes, we have an offering of a sort we don’t often see there, one of a handful of super cute Key-West style beach cottages. This one is a 3-bedroom, 3-bath, 1,364-square foot model built in 1993. I love the three-sided wrap around porches on both levels.  The sellers bought it in December 2009, listed it for $449,000, and handed the keys over to the new owners on Thursday for $400,000.

Three Oddly Shaped Bank-Owned Lots Under Contract March 2016 with List Price of $179,900

Our next three sales are all on Bamba Lane located on the gulf just south of Coneheads.  The first sale is a set of bank-owned oddly shaped contiguous lots listed for $179,900.   They’ve been trying to sell these since early 2014 when they first listed them for $215,000.  They finally closed settling for $124,000.

Cape San Blas Gulf View Lot Under Contract June 2016 with List Price of $79,900

Cape San Blas First Tier Lot Under Contract June 2016 with List Price of $92,750

These next two quarter-acre lots on Bamba Lane were listed and put under contract just last week. Lot 1 was listed for $79,900 and lot 2 for $92,750.  They sold for $60,000 and $64,000 respectively.  This little micro-subdivision includes sewer, water and underground utilities, and provides deeded gulf access.

C-30 Bay Front Estate Under Contract April 2016 with LIst Price of $699,000

We’ll leave the Cape and head over to Simmons Bayou where the parties closed on this handsome 3-bedroom, 3 1/2-bath, 3,090 square foot home tucked away on 257′ feet of bay front and surrounded by 5.73 acres.  Hard to believe but the owners picked up that large parcel of land back in 1984 for a mere $50,000.  They had the home listed for $699,000, and accepted $690,000 for it.

Treausre Bay Lot Under Contract May 2016 with List Price of $35,000

In nearby Treasure Bay, our seventh sale is a 100′ by 215′ bay view lot on C-30 listed for $35,000. Back in 2005 the sellers paid $195,000 for it. This week they sold it for $30,000.

Treasure Shores Gulf Front Home Under Contract April 2016 with List Price of $879,000

We’re travelling east along C-30 heading over to Treasure Shores where buyers snapped up this 3-bedroom, 3-1/2 bath, 3,271 square foot gulf front home just two days after it was listed for $879,000. The home was built in 2002 on a 75′ span of beach front. In early 2012, the sellers bought it in a foreclosure sale for $649,000, and turned a nice little return on that investment on Monday when they signed over the title at closing for full list price of $879,000.

Lagoon Front Lot Under Contract March 2016 with List Price of $49,900

Further east on C-30 about 2 1/2 miles past the raw bar, the parties closed on this 80′ by 380′, three-quarter-of-an acre lagoon front lot listed for $49,900. The sellers picked it up in early 2014 for $27,500, and sold it for $43,000.

Indian Pass Gulf Front Home Under Contract April 2016 with List Price of $899,000

Tucked away on 75′ of quiet gulf front on Canoe Lane in Indian Summer at Indian Pass is this handsome 2,400 square foot, 4-bedroom, 3-bath, gulf front home listed for $899,000.  The sellers bought it in 2009 for $825,000. Back at the height of the market in 2004 it sold for $1.5M. This time around it went for $890,000.

Fannie Mae Owned Barrier Dunes Townhouse Under Contract June 2016 with List Price of $184,900

Our review of this week’s five new contracts takes us back to Barrier Dunes where buyers submitted a winning bid on this Fanny Mae-owned 2-bedroom, 2-bath, gulf view townhouse listed for $184,900.  This place has been sitting vacant for several years now and is in need of a fair amount of TLC. The appliances are still in place but there are no furnishings. Back in 2005 it sold for $395,000.

Bay View Corner Lot In Ovaton at Cape San Blas Under Contract June 2016 with List Price of $119,000

About a mile south lies Ovation which is where shoppers penned a contract on a bay view corner lot listed for $119,000.  In mid-2014 the 80′ by 85′ lot sold for $65,000.

Cape San Blas Gulf Front Lot Under Contract June 2016 with LIst Price of $279,000

Down on the south side of the Cape on Louisiana Lane not far from the Sand Bucket Smokehouse and Grille, sellers accepted an offer on their 50′ by 517′, 0.57 acre gulf front lot for which they’re asking $279,000. It’s not listed as a short sale even though county records indicate it last sold in mid-2004 for $640,000.

Indian Pass Fixer Upper Under Contract June 2016 with List Price of $145,000

We’re back over at Indian Pass for our final two contracts. First up, a bona-fide, genuine Fixer Upper.  Home Depot and Lowe’s stand by – someone’s about to embark upon quite a fun project with this one! They’re taking on a 720-square foot, 2-bedroom, 1-bath cottage listed for $145,000. It looks rougher on the outside than it does on the inside, as a fair amount of interior remodeling has already been completed.  The property’s only a block or so from the beach, so when they get it all finished, they should end up with a sweet little beach retreat.

Indian Pass Gulf Front Home Under Contract June 2016 with List Price of $775,900

Final stop of the day is this 3-bedroom, 2-bath, 2,400 square foot gulf front home on 62′ of beach front out near the point of the Pass. Is that an absolutely stunning view or what?  The island off shore is St. Vincent Island, a wildlife preserve. The sellers bought this gulf front lovely back in 2001 for $484,000, and have it under contract with a list price of $775,900.

That does it for this week. We’re moving a lot of value-priced properties, so as we like to say along the beach, “the water’s fine – jump on in”! If you’d like to test the waters for some great deals, call or text me at 850-227-5197 or email me at sherri@sherridodsworth.com and we’ll get to work. Until then, have a great week, don’t forget that sun screen, and thanks so much for taking time to stop by today.

 

 

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Jun 03 2016

Cape San Blas Real Estate Week in Review – May 28-June 3, 2016

Published by under Cape San Blas

For Sale and SoldOur healthy market pace continues this week as we closed three sales and added seven new contracts.  Sellers added thirteen new listings, two of which are already under contract, and changed prices on two others, one of which was a price increase. Even with all those new listings, our inventory managed to shed two, closing the week at 264, with 84 homes and 180 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. Let’s see what’s moving.

Cape San Bla-s Interior Bay View Lot Under Contract May 2016 with List Price of $85,000

The first of our three sales is just south of the newly renovated and recently re-opened Coneheads restaurant on Spinnaker. Here the parties came to terms on a 226′ by 248′, 1.29 acre interior lot for which the seller was asking $85,000. They closed on Friday settling at $83,000.  This lot was one of several cut from a larger parent parcel the seller purchased in 2012 for $115,000.

Lot of Gulf Side of Cape San Blas Road Under Contract with List Price of $94,500

About a mile and a half further down Cape San Blas Road just past Westwind drive on the gulf side, two weeks ago buyers wrote an offer on this 95′ by 166′, one-third acre lot listed for $94,500.  All the properties in this little subdivision known as Paradise Gulf enjoy deeded access to both the gulf and bay.  The parties settled on Tuesday for $90,000.

Cape San Blas Bay Front Lot Under Contract March 2016 with List Price of $299,000

Some folks were eagerly anticipating scallop season setting their sights on this 100′ by 471′, 1.1-acre bay front lot overlooking Pig Island. The sellers bought it in 2003 for $269,000, had it listed for $290,000, and signed over the title to the new owners on Tuesday for $282,150.

Cape San Blas Gulf View Lot Under Contract June 2016 with List Price of $79,900

Cape San Blas First Tier Lot Under Contract June 2016 with List Price of $92,750

Now on to our seven new contracts, returning to just south of Coneheads where these two quarter-acre lots on Bamba Lane were listed and put under contract on Wednesday. Lot 1 was listed for $79,900 and lot 2 for $92,750.  This little micro-subdivision includes sewer, water and underground utilities, and provides deeded gulf access.

Cape San Blas Bay Front Lot Under Contract May 2016 with List Price of $214,900

More bay front action with a couple settling on this appealing parcel just north of the tip of Pig Island. It is a half-acre parcel, partially cleared, with a driveway in place, a DEP-approved dock permit, and 65′ of waterfront. The sellers have it listed for $214,900.

Cape San Blas Gulf View Duplex Under Contract May 2016 with List Price of $289,000

Down on Aruba this newly-listed gulf-view 2-bedroom, 2-bath, 1,992 square foot “X”-zone duplex entered the market Thursday a week ago for $289,000 and went under contract on Sunday. The sellers bought it in January 2004 for $120,000.

4 Gulf Front Homes Near Cape San Blas Under Contract May 2016 with List Price of $2.2M

Here’s a unique offering I haven’t seen the likes of which in the nine years I’ve been writing this blog. An investor listed four of his gulf front single family homes as a single offering just recently for $2.2M, for an average of just $550,000 apiece.  The offering includes 200′ of gulf front, 2 acres of land, much of which is in the “X” zone, in a FEMA eligible area along C-30, just east of the turn off onto Cape San Blas Road. The homes were built in 1998 and are vacation rental properties.

Treasure Shores Gulf Front Lot Under Contract June 2016 with List Price of $399,000

Buyers trounced on this Treasure Shores gulf front lot within days of it debuting in the MLS. This 75′ wide, half-acre, FEMA-eligible beauty was listed Wednesday a week ago for $399,000 and went under contract this past Wednesday. The seller has owned the property since 1984 when she purchased it for just $46,000.

Indian Pass 2nd Tier Lot Under Contract June 2016 with List Price of $35,000

We’ll wrap things up today over at The Cottages of Indian Summer where the parties agreed to terms on this irregularly shaped quarter-acre, second tier lot listed for $35,000. The Cottages are in a FEMA eligible area, have a community pool, deeded beach access, and in-place drainfields for septic.

And just like that, we’re all up-to-date.  There are still some very attractive opportunities on the market so if you’re toying with the idea of calling a piece of coastal property your own, let’s get to it. Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll get started. Have a terrific week, and thanks so much for taking time to stop by today.

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May 28 2016

Cape San Blas Real Estate Week in Review – May 21-27, 2016

Published by under Cape San Blas

For Sale and SoldWhat a gorgeous week it has been – warm, sunny days, crystal clear blue skies, and calm, emerald gulf waters. A perfect week to claim a little piece of this paradise for your own, and a number of folks did just that. We closed five sales, wrote up two new contracts, and listed eight propertiesFive sellers opted for a price adjustment. Our MLS inventory added six, closing the week at 266, with 87 homes and 179 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market. Let’s take a look at what’s moving.

Cape San Blas Townhouse Under Contract May 2016 with List Price of $269,000

The first of our five sales is located in Sea Cliffs on the north end of the Cape.  Buyers took a fancy to this 4-bedroom, 4 1/2-bath, 2,007 square foot townhouse listed for $269,000. It has a bit of a gulf view from the decks, and includes an elevator and private enclosed garage.  On Tuesday the new owners took possession for $250,000.

Cape San Blas Townhouse Under Contract May 2016 with List Price of $245,000

Next door in Barrier Dunes, sellers accepted on offer last month on their 2-bedroom, 2-bath, 1,344 square foot townhouse on Parkside listed for $245,000.  The comfortable end unit has also been configured with a screened in porch.  The owners purchased the home in mid-2011 for $175,000, and sold it on Tuesday for $220,000.

Cape San Blas Gulf View Home Under Contract April 2016 with List Price of $586,000

Lots of action on Tampico Drive behind the townhouses at Cape Shoals, with two closings this week.  First up is a 5-bedroom,  3 1/2 bath home with in-ground pool, and located in the “X” zone. It was listed for $586,000 and sold for $547,000.

Cape San Blas Gulf View Home Sold May 2016 for $495,000

Next up on Tampico, another gulf view home, this one with three bedrooms, three baths, and 1,872 square feet under heat and air. The sellers bought it in 2003 for $385,000, listed it recently for $499,900, and sold it on Monday for $495,000.

Cape San Blas Interior Lot Under Contract April 2016 with List Price of $44,900

Our fifth and final sale takes us to San Blas Plantation on the south side of the Cape where buyers staked a claim last month on this 69′ by 169′, quarter-acre “X” zone lot listed for $44,900. Our office is in this subdivision on Cape San Blas Road.  All the properties here include deeded gulf access.  Back in 2005 this lot sold for $315,000, but this time around it went for $37,500.

Barrier Dunes Townhouse Under Contract with List Price of $275,000

Now on to our two new contracts starting off with this 3-bedroom, 3-1/2-bath, 1,888 square foot townhouse up in Barrier Dunes listed for $275,000. The unit was built in 2000 and the sellers bought it in 2007 for $317,500.

Treausre Bay Lot Under Contract May 2016 with List Price of $35,000

The other contract is on this 100′ by 215′ bay view lot in Treasure Bay on C-30 listed for $35,000. Back in 2005 the sellers paid $195,000 for it.

That wraps it up for this week’s review. Thanks for stopping by today. If you’d like more info on real estate opportunities, just shoot me an email to sherri@sherridodsworth.com or call or text me at 850-227-5197. Have a great holiday weekend and don’t forget to take time to remember those who gave their all to preserve our freedom.

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May 20 2016

Cape San Blas Real Estate Week in Review – May 14-20, 2016

Published by under Cape San Blas

For Sale and SoldOur long overdue April showers finally arrived this week drenching us over several days with some very much needed rain, though for our visitors’ sakes I hate to see it delivered during the day.  Even so, all that soggy stuff didn’t dampen our market, as we closed seven sales and wrote up four new contracts. Sellers signed five new listing agreements, and changed prices on three others. Our inventory remained unchanged at 260, with 85 houses and 175 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.

Cape San Blas Bay Front Home Under Contract March 2016 with List Price of $650,000

The first of our seven sales is this elegant bay front home on Cape San Blas across the street from the Sea Grass subdivision. The sellers purchased the 3,455 square foot, 3-bedroom home on roughly 2.25 acres with 125′ of waterfront in June 2012 for $675,000, and have it listed for $650,000. They’ve had it on the market since early 2011 when they opened with an asking price of $899,900, and on Monday they were finally able to go to the closing table, happily handing over the keys for $645,000.

Cape San Blas Gulf View Home Under Contract March 2016 with List Price of $549,900

Across the street in Seagrass, sellers closed on their 4-bedroom, 4 1/2-bath, 2,215 square foot gulf view house listed for $549,900, a bit of a hit since they paid $890,000 for it in 2005.  According to the MLS notes, when the parties closed on Monday for $500,000, the seller brought additional funds to the table to address some maintenance issues.

Cape San Blas First Tier Lot Under Contract April 2016 with List Price of $238,000

Next door in Ocean Haven on Haven Road is a third of an acre first tier lot listed for $238,000.  According to the county property appraiser’s records it last sold for $500,500 in November 2004. I wanted to make sure that amount wasn’t for a multiple sale so I went to the county clerk’s records, and sure enough, that was the price for this single lot. On Friday the parties closed for that full list price of $238,000.

Bank-Owned Lot in Jubilation at Cape San Blas Auctioned Off with Opening Bid of $295,000

Down  on the south side of the Cape in Jubilation this next property generated quite a bit of interest when it went on the auction block last Saturday at the beginning of March with a suggested opening bid of $295,000. Seems like a screaming deal for a 3-bedroom, 3-bath, 1,966-square foot bank-owned home that was built and sold in 2006 for $780,000.  She has been sitting vacant for several years and is going to need a fair amount of TLC to restore her to her former grandeur.  There are no appliances, no furnishings, no window treatments. The winning bid was $391,000, to which a 5% buyer premium was added at closing, for a final bottom line price of $410,000.

Money Bayou Gulf Front Lot Under Contract April 2016 with List Price of $278,000

This next sale is over in Money Bayou on Sweetwater Drive where buyers made a wise choice snapping up this 50′ wide, half-acre gulf front lot listed for $278,000. This is a terrific area along the south-facing beach and is FEMA-eligible.   The sellers bought the property in late 2009 for $109,900 and more than doubled their money on Monday, settling for $260,000.

Bank-Owned 7.5Acres Lagoon Front Property on Indian Pass Under Contract April 2016 with List Price of $429,500

Our final two sales today are over on Indian Pass beginning with this bank-owned 7 1/2-acre lagoon front parcel under contract since early last month with a list price of $429,500, a far cry from the $2.1M it commanded in late 2004.  This peaceful parcel measures 606′ on the waterfront.  The new owners took title on Tuesday for $400,000 even.

Indian Pass Lagoon Front Lot Under Contract April 2016 with List Price of $79,000

Our seventh and final sale is a recently listed property that went quickly under contract April 1 with an asking price of $79,000. This is a 2.32-acre lagoon front parcel near the boat launch at the tip of the peninsula. It’s a pretty setting with what appears to be a fair amount of wetlands. Somebody has plans for it and closed on Wednesday for $70,000.

Interior Lot at Park Point Under Contract May 2016 with List Price of $43,500

Now onto our four new contracts heading up to the north end of the Cape to Park Pointe. Here buyers penned an offer on a bank-owned, quarter acre interior lot listed for $43,500, quite a bargain from the $370,000 it sold for in November 2004.

Cape San Bla-s Interior Bay View Lot Under Contract May 2016 with List Price of $85,000

Just south of the newly renovated and recently re-opened Coneheads restaurant on Spinnaker, the parties came to terms on a 226′ by 248′, 1.29 acre interior lot for which the seller is asking $85,000. This lot was one of several lots cut from a larger parent parcel the seller purchased in 2012 for $115,000.

Lot of Gulf Side of Cape San Blas Road Under Contract with List Price of $94,500

About a mile further down Cape San Blas Road just past Westwind drive on the gulf side, buyers wrote an offer on this 95′ by 166′, one third acre lot listed for $94,500.  All the properties in this little subdivision known as Paradise Gulf enjoy deeded access to both the gulf and bay.

Cape San Blas Bay Front Lot Under Contract March 2016 with List Price of $299,000

Some buyers were eagerly anticipating scallop season setting their sights on this 100′ by 471′, 1.1-acre bay front lot overlooking Pig Island. It’s listed for $290,000, and last sold in 2003 for $269,000.  If it looks a little familiar, that’s because it briefly had a contract on it in mid-March that didn’t work out.

That’s a wrap for this week. As you can see, sales activity continues along at a brisk pace, so if you’re considering finding a good value here along the coast for yourself, I’d love to help you. Please call or text me at 850-227-5197 or send me an email to sherri@sherridiosworth.com and we’ll get started. As I’ve said before, I love turning readers into neighbors. Have a great week, and thanks so much for taking time to stop by today.

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May 15 2016

Cape San Blas Real Estate Week in Review – May 7-13, 2016

Published by under Cape San Blas

For Sale Sold SignIt’s been a fun week around the Forgotten Coast with the annual influx of Plein Air artists out and about capturing our beautiful area on their canvases. Buyers captured some real estate for their portfolios as well, closing on nine properties and penning four new contracts.  Sellers added twelve new listings, and put new price tags on five others. Virtually no change in our inventory, shedding just one, closing the week out at 260, with 86 homes and 174 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.

Cape San Blas Gulf Front Townhouse Under Contract Feb. 26, 2016 with List Price of $398,000

To kick off our review of this week’s nine sales we’ll start off where we so often do on the north end of the Cape in Barrier Dunes with a 3-bedroom, 3 1/2-bath 1,845 square foot gulf front townhouse listed for $398,000. The sellers bought this circa 1985 townhouse in 2005 for $590,000. I was working with a buyer who really liked the place, but was a little late to the party as by the time she found it there was already a contract on it. No problem. We submitted a back-up offer and waited. The first contract eventually didn’t work out and so my buyer was able to become the primary contract and happily went to closing on Friday, picking up the new keys for $375,000 cash.

Commercial Building on the Cape Sold May 2016 for $290,000

Sale number two is one of just a small handful of commercial buildings on the Cape. When I moved here in 1994, this place was a cheerful little eatery known as The Cape Café, and it was the only place to eat out on the entire peninsula. The café closed in 1998, the year today’s seller purchased it for $140,000. The equipment is long gone, so they’ve had the building sitting  vacant since then, save for a brief period where a thrift store operated out of it. They listed and put it under contract on April 15 with an MLS price of $325,000. The parties wrapped things op on Friday and closed for $290,000. No word yet as to what the new owners’ plans are for the space.

Cape San Blas Bay Front Lot Under Contract April 2016 with List Price of $275,000

About half a mile down the road in my neck of the woods, Cape Breezes, this 100′ by 320′ bay front lot went under contract on April 21 within days of it hitting the market sporting a $275,000 price tag. This neighborhood is one of the original subdivisions on the Cape, dating from the early 80’s, and spans from the bay to the gulf. There is no HOA, no HOA fees, and all owners enjoy deeded gulf and bay access. The seller purchased the property in 1994 for $65,000, and signed over the title on Friday for $250,000.

Cape San Blas Beach Cottage Under Contract April 2016 with LIst Price of $184,000

Next stop: Jamaica! Drive, that is, the little beach road that meanders down behind the south side of The Tradin’ Post. Last month someone penned a deal on this 2-bedroom, 1-bath, 520 square foot retro beach cottage listed for $184,000.  The sellers picked it up back in the summer of 2004 for $155,000, and sold it this week for $170,000.

Cape San Blas Gulf Front Condo Sold May 2016 for $300,000

Next up is a downstairs unit in a 4-unit condo quadplex on Antiqua. Dating from the early ’80’s, this 3-bedroom, 2-bath, 1300 square foot unit went under contract in mid-April with a list price of $325,000.  The sellers bought it in 2004 for $274,000, and sold it on Monday for $300,000 cash.

Cape San Blas Gulf Front Home Under Contract March 2015 with LIst Price of $519,000

Sale number six is a gulf front rental house on Sea Urchin Drive directly across the street from Scallop Cove. It’s a 3-bedroom, 2-bath, 1,704 square foot, 1984 vintage home on 50′ of waterfront. The sellers bought it in 2004 for $700,000, listed it for $519,000, but came way off that price, closing on Wednesday for $390,000 cash.

Cape San Blas Home Under Contract April 2016 with List Price $429,900

Down on the south side of the Cape in Surfside Estates, a recently listed 3-bedroom, 2-bath, 1,480 square foot home with an in-ground pool and in the “X” zone went under contract in early April with a list price of $429,900.  The sellers bought the lot in 2011 for $45,000 and started building shortly thereafter. On Wednesday the new owners picked up the keys at closing for $425,000.

Indian Pass Wetlands Under Contract March 2016 with List Price of $40,000

Indian Pass Wetlands Under Contract March 2016 With List Price of $75,000

Our final two sales are properties that went under contract almost immediately. Located just across the street from the Indian Pass Raw Bar, the two contain roughly 14-acres, the majority of which are wetlands with a sliver of uplands near the road. They were listed on  for $40,000 and $75,000, and were snapped up the very next day. On Friday they closed for $30,000 and $60,000 cash respectively.

Cape San Blas Townhouse Under Contract May 2016 with List Price of $269,000

The first of our four new contracts is located in Sea Cliffs on the north end of the Cape.  Buyers took a fancy to this 4-bedroom, 4 1/2-bath, 2,007 square foot townhouse listed for $269,000. It has a bit of a gulf view from the decks, and includes an elevator and private enclosed garage.

Cape San Blas Townhouse Under Contract May 2016 with List Price of $245,000

Next door in Barrier Dunes, sellers accepted on offer on their 2-bedroom, 2-bath, 1,344 square foot townhouse on Parkside listed for $245,000.  The comfortable end unit has also been configured with a screened in porch.  The owners purchased the home in mid-2011 for $175,000.

Cape San Blas Gulf Front Townhouse Under Contract May 2016 with List Price of $299,000

A lot of townhouse action this week. Contract number three is on a 3-bedroom, 2 1/2-bath gulf front unit listed for $299,000. It’s one of the homes in Sunrise Sunset, a complex on the south end of the peninsula down near the rocks at Stumphole.

Gulf View Lot at Cottages at Indian Summer Under Contract May 2016 with List Price of $39,900

We’ll wrap things up today over at the Cottages at Indian Summer off of C-30, where buyers and sellers shook hands over an agreement on this roughly half-acre second tier lot listed for $39,900. It’s situated off the end of a cul de sac, and sold in March last year for $30,000.

That does it for this week. If you’re interested in finding out about coastal opportunities or if you’re considering selling, let me know and I’ll be glad to help you either way. Call me at 850-227-5197  or send me an email to sherri@sherridodsworth.com and we’ll get started. Have a terrific week, and thanks so much for taking time out of your schedule to stop by today.

 

 

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