Apr 21 2018

Cape San Blas Real Estate Week in Review – April 14-20, 2018

Published by under Cape San Blas

For Sale and Sold SignAt long last Spring finally found us and released us from the Winter that would not go away.  By mid-week we were enjoying warm, sunny days in the upper 70’s, and cool, clear nights in the 60’s.  Our real estate market remains warm and sunny as well, with nine sales, two new contracts, eight new listings, and seven price changes, one of which is a price increase. Even with all that activity, our inventory remains unchanged, closing once again at 281, with 81 homes and 200 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market. Let’s see what caught buyers’ attention.

Cape San Blas Interior Lot Under Contract March 2018 with List Price of $59,900

We’ll start our review of this week’s nine sales on the north end of the Cape on Hemmingway Lane in Sunset Pointe. The parties sat down at the closing table to sign off on the transfer of title on this 71′ x 148′, quarter-acre, corner lot listed for $59,900. The sellers bought the lot in 2010 for $24,000, and sold it on Tuesday for $58,500.

Cape San Blas Bay View Home Under Contract March 2018 with List Price o $429,000

Just a little over a mile south of Sunset Ponte is Cape Breezes, one of the early neighborhoods on the Cape dating back to the early 80’s.  It spans from bay to gulf, and all properties include deeded bay and gulf access; that bay access is located directly across the street from the home . This handsome log-style private first tier bay view home was built in 2014. The “X” zone lot on which it is built measures 180′ by 94′, and is 4-tenths of an acre. The sellers had it listed for $429,000, and handed over the keys at closing on Friday for $360,000.

Cape San Blas Bay View Lot Under Contract March 201 with List Price of $69,000

Another mile or so southward is Paradise Bay, site of our third sale, a 96′ by 200′, 0.44-acre lot listed for $69,000 and owned by one of the original developers of the subdivision. On Monday it sold for $64,000.

Seagrass Lot Under Contract March 2018 with List Price of $145,000

In nearby Seagrass, our fourth sale is a 90′ by 90′, 0.20-acre interior lot listed for $141,500.  All of the lots in this subdivision are in the X zone.  The sellers bought the property in December 2015 as a bank-owned sale for $78,000, and sold it on Friday for $115,000. In early 2005, it sold for $445,000.  What a difference a decade makes.

Jubilation Gulf View Lot Under Contract March 2018 with List Price of $75,000

Our fifth sale takes us down to the south side of the Cape to Jubilation, where buyers took title to this 80′ by 50′, 0.09-acre gulf view lot listed for $75,000, a far cry from the $450,000 it commanded in late 2004.  The sellers bought it in 2015 for $50,000, and sold it on Monday for $65,000.

Cape San Blas Gulf Front Home Under Contract March 2018 with List Price of $869,000

A few blocks away from Jubilation on Louisiana Lane in Surfside Estates, this next sale is a 4-bedroom, 4-bath, 2,557 square foot gulf front home with 50′ of beautiful beach front. The sellers bought the lot alone in late 2014 for $241,000 and built the home the following year. The new owners picked up the keys at closing on Friday for $810,000 cash.

Treasure Bay Bay Front Lot Under Contract March 2018 with List Price of $159,000

For our seventh sale, we’ll head off the Cape turning left on C-30 and head over to Treasure Bay where this 90′ wide bay front lot went under contract in mid-March with a $159,000 list price.  It’s 1,572′ deep, for a total of 3.2 acres, but as you can see in the photo above almost all of the acreage is bay-bottom. The sellers bought it back in 1992 for a modest $25,000, and sold it on Tuesday for $152,000.

Treasure Shores First Tier Home Under Contract March 2018 with List Price of $479,900

We’ll turn around and heading back east on C-30 over to Treasure Shores where buyers found this 3-bedroom, 2 1/2-bath, 1,456 square-foot, first tier home. The sellers bought it in 2015 for $390,000, and sold it last Friday for their full list price of $479,900.  This is a FEMA flood insurance eligible area.

Indian Pass Gulf View Lot Under Contract April 2018 with List Price of $49,900

Our ninth and final sale is on the Indian Pass peninsula in a subdivision called The Reservation. It’s home to this quarter-acre, second tier, gulf view lot listed just two and a half weeks ago for $49,900. The sellers bought it in late 2003 for $200,000, and on Wednesday they sold it for their full list price of $49,900.

Cape San Blas First Tier Lot Under Contract April 2018 with List Price of $119,900

Only two new contracts, the first of which is a 50′ by 230′ first tier lot on Mercury Lane in Surfside Estates on the south side of the Cape.  The sellers have owned it since 1999 when they bought it for $59,000. They put it on the market in January asking $119,900.

Indian Pass First Tier Lot Under Contract April 2018 with List Price of $119,000

The second contract takes us back over to Indian Pass were buyers fell in love with this roughly quarter-acre first tier lot listed for $119,000.   County records seem to indicate they bought it in December 2004 for $365,000.

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 or text me at 850-227-5197 or shoot an email to sherri@sherridodsworth.com . Have a terrific week, and thanks so much for taking time out of your schedule to stop by today.

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Apr 13 2018

Cape San Blas Real Estate Week in Review – April 7-13, 2018

Published by under Cape San Blas

For Sale Sold SignMost of Georgia’s spring breakers went back to school this week so we had fewer visitors here shopping for beach properties, but Realtors were still busy as could be.  We closed five sales and wrote up four new contracts, while sellers added ten new listings and changed prices on four others.  Even with all that activity, our inventory hardly moved at all, shedding just one, closing at 281, with 80 homes and 201 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor Market MLS.

Cape San Blas Interior Lot Under Contract March 2018 with List Price of $49,900

We’ll launch into our review of this week’s five sales way up on the north side of the Cape in Sunset Pointe where buyers one month ago had their offer accepted on this third-of-an-acre interior lot. The developer quit-claimed the property to the sellers in 2010. Sunset Pointe is divided into two sections, one fronting the gulf, the other on the bay side.  Each section is gated, there is a community pool, and all properties convey with deeded gulf access.  The lot was listed for $49,900 and closed on Tuesday for exactly that.

Ovation Bay Biew Lot Under Contract April 2018 with List Price of $39,900

About a mile down the road in Ovation our second sale is this irregularly-shaped bay-view lot in an AE flood zone that went under contract just last week with a list price of $39,900. The sellers bought it from the developer in September 2012 for $29,000, and sold it on Thursday for $38,900 cash.

Cape San Blas Gulf View Lot in Hibiscus Beach Under Contract March 2018 with List Price of $559,000

In nearby Hibiscus Beach, this newly listed gulf view lot caught buyers attention and went under contract just five days after it was listed.  The 80′ by 170′, 0.32-acre, “X” zone gulf view lot was listed by the developer for $559,000. There is a small portion of Rish Park between it and the Gulf, so it won’t be built on, but it is not actual gulf front, and the owner can’t build a walkover to the beach from their home when they build.  The new owners took title on Wednesday for $549,500 using conventional financing.

Gulf Pines 1st Tier Home Under Contract March 2018 with List Price of $499,000

For sale number four, we’ll head off the Cape traveling east on C-30 to Gulf Pines to this 2-bedroom, 2-bath, 1,200 square foot, first tier home listed for $499,000. The sellers paid $120,000 for the quarter-acre lot in early 2016 and built the home that same year. On Monday they handed over the keys to the new owners for $475,000.

Gulf Front Lot at Money Bayou Under Contract March 2018 with LIst Price of $299,000

A little further east on C-30 over in Money Bayou our fifth and final sale is this 50′ wide by 486′ deep, half-acre gulf front lot on Sweetwater Shores Drive that went under contract the first week of March with a list price of $299,000.  The sellers bought it in mid-2016 for $260,000, and sold it on Friday for $279,500.

Ovation Gulf Front Lot Under Contract April 2018 with List Price of $419,000

Now on to our four new contracts returning to Ovation where the parties came to an agreement on terms over this 50′ wide, 0.38-acre, gulf front lot listed for $419,000. Interesting history here. In May 2012, Ashwood Development sold it during their liquidation sale for $135,000. That buyer sold it the following year for $243,700 to the current owners.

Bay Front Home on C-30 Under Contract April 2018 with List Price of $539,900

Over on SR-30 near Triple Tails Restaurant in Simmons Bayou, buyers had their offer accepted on this 3-bedroom, 2-bath, 1,920 square-foot, bay front beauty listed for $539,900. It’s nestled on a 2.45-acre parcel with 122′ of waterfront, and was built in 1995.  One of the principals in the LLC selling it bought it in 2004 for $650,000.

Indian Summer First Tier Lot Under Contract April 2018 with List Price of $94,000

Our last two new contracts are over on Indian Pass, starting with this first property in Indian Summer which is located just off the first big turn shortly after you drive onto Indian Pass Road. Buyers had their offer accepted on this 68′ by 170′, quarter-acre, first tier lot listed for $94,000 which the seller bought in late 2014 for $62,500.

Indian Pass 2nd Tier Lot Under Contract April 2018 with List Price of $49,900

Further out on the Indian Pass peninsula, sellers accepted an offer on this newly-platted 2nd tier lot listed for $49,900. The seller bought the parent gulf front tract in February of this year and is in the process of doing a minor replat to produce this new lot.

That’s a wrap – good to see such continuing market interest. I’ve been working with so many buyers negotiating great deals on lots and homes, and you can, too. If you’re thinking of getting in on some of these values, let’s talk! Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll get started. Thanks so much for taking time out of your busy schedule to stop by today – hope to hear from you soon.

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Apr 06 2018

Cape San Blas Real Estate Week in Review – March 31 – April 6, 2018

Published by under Cape San Blas

For Sale Sold SignIt seems as if all of Georgia relocated to the Cape this week. I have never, ever seen so many people in our area. Never. Some of those folks apparently took time to snag a bit of beach real estate, as we closed five sales and drafted five new contracts. Sellers posted “For Sale” signs on sixteen new listings, and changed prices on six others. Our inventory grew by three, closing the week at 282, with 78 homes and 204 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor market.

Jubilation Lot Under Contract Marc h 2018 with List Price of $53,000

We’ll kick off our review of this week’s five sales on the south side of the Cape in Jubilation with an irregularly shaped 0.16-acre lot listed for $53,000, a far cry from the $300,000 it sold for in late 2004. On Thursday the sellers signed over the title for $50,000.

Cape San Blas Home with Pool Under Contract Feb 2018 with List Price of $399,000

In nearby Surfside Estates, our second sale is a 3-bedroom, 3-bath, 1,368 square foot circa-2004 home in the “X” zone listed for $399,000. It has a nice pool, deeded gulf access, and a bit of a view of the bay. The sellers bought it in mid-2004 for $450,000, and on Friday the new owners picked up the keys at closing for $367,500.

Recently Built Gulf View Home in Two Palms Under Contract Feb. 2018 with List Price of $549,575

Sale number three is in Two Palms, the first subdivision you pass as you come onto the Cape just past Salinas Park on your left hand side. In February, Sellers accepted an offer on their newly built, 4-bedroom, 3-bath, 2,360-square-foot, gulf view home listed for $549,575. This home was being sold by one of the original developers of Two Palms.  On Friday the new owners picked up the keys at closing for $525,000.

Gulf Front House at Gulf Pines Under Contract Feb 2018 with List Price of $899,000

We’ll leave the Cape heading over onto C-30 travelling east to Gulf Pine Drive where buyers fell in love with this 3-bedroom, 2-bath with 2 half baths, 3,510 square foot gulf front home listed for $899,000. It was built in 1983 and is on a 100′ wide lot.  The sellers bought the home in late 1994 for $249,900, and sold it on Wednesday for $835,000.

Gulf Front Home Under Contract March 2018 with Lis Price of $829,900

We’ll travel further east to our fifth and final sale in Treasure Shores to this 4-bedroom, 3-bath, 2,008 square foot gulf front home listed for $829,900. It’s situated on a roughly half acre lot in a VE flood zone with 75′ of water frontage . The sellers bought it in early 2007 for $875,000, and sold it on Monday for $790,000.

Ovation Bay Biew Lot Under Contract April 2018 with List Price of $39,900

Now on to our five new contracts, starting in Ovation where this irregularly-shaped bay-view lot in an AE flood zone went under contact Tuesday with a list price of $39,900. The sellers bought it from the developer in September 2012 for $29,000.

Cape San Blas Gulf Front Home Under Contract April 2018 with List Price of $949,900

This second contract is on a 6-bedroom, 5-bath,2,880 square-foot, gulf front house on Cabo San Lucas listed for $949,900. It’s situated on a lot with 38′ of waterfront, and was built in 2006. It was part of a three-home compound that became a popular wedding rental destination.  The sellers bought it in late 2009 for $560,000.

Corner Lot in Boardwalk at Cape San Blas Under Contract April 2018 with List Price of $39,900

Back down on the south side of the Cape in Boardwalk, our third contract is on a lot on the corner of Florida Avenue and Cape San Blas Road. The 100′ by 73′, 0.20-acre lot is in an AE flood zone and sold just 6 months ago in early November 2017 for $35,000. The owners are asking $39,900 for it.

Indian Pass First Tier Home Under Contract April 2018 with List Price of $499,000

For our last two contracts we’ll travel over to Indian Pass stopping first on Canoe Lane, where on Monday sellers accepted an offer on their 3-bedroom, 2 1/2-bath, 1,949 square-foot, first tier home with gulf views they have listed for $499,000.  It’s in an AE flThe sellers bought the lot in 1999 for $50,000 and built the house in 2000.

Indian Pass Gulf View Lot Under Contract April 2018 with List Price of $49,900

Our fifth and final new contract is on the Pass peninsula in a subdivision called The Reservation. It’s home to this quarter-acre, second tier, gulf view lot listed just nine days ago for $49,900. The sellers bought it in late 2003 for $200,000.

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 or text me at 850-227-5197 or shoot an email to sherri@sherridodsworth.com. Have a terrific week, and thanks so much for taking time out of your schedule to stop by today.

 

 

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Mar 30 2018

Cape San Blas Real Estate Week in Review – March 24-30, 2018

Published by under Cape San Blas

For Sale and SoldWe have a lot of visitors here for the holiday weekend, but sales certainly haven’t taken a holiday, as we closed seven sales and wrote eight new contracts, listed eleven new properties and trotted out seven price changes. Our inventory inched up by three, closing the week at 279, with 75 homes and 204 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

The first of our seven sales is one of the most northernmost lots on the Cape.  Three weeks ago sellers accepted an offer on their 110′ by 675′, 1.65-acre first tier lot In Secluded Dunes listed for $272,000. It conveys with a conservation easement to the Florida Department of Environmental Protection for the property surrounding the parcel, and includes an exclusive easement to the Gulf.  The new owners took title on Friday for $267,000.

Cape San Blas Home Under Contract Feb 2018 with List Price of $699,000

Our second sale is this handsome home up in Park Point also on the north end of the Cape. At the beginning of February buyers fell in love with this 4-bedroom, 4 1/2-bath, 2,080 square foot home listed for $699,000. The sellers bought the quarter-acre lot on which it sits in 2014 for $25,000 and built the home in 2016, and last Friday they handed over the keys to the happy new owners for an even $600,000.

Barrier Dunes Townhome Quarter-Share Under Contract March 2018 with List Price of $75,000

In nearby Barrier Dunes, we have something out of the ordinary for our area, a quarter-share ownership in a 3-bedroom, 3-1/2-bath townhouse offered for $75,000.  Each owner receives 1 week a month and the schedule is rotated at the beginning of each year so that holiday weeks are shared equally.  The sellers bought their ownership in mid-2005 for $125,000, and sold it on Friday for $72,500.

Cape San Blas Gulf View Home Under Contract Feb. 2018 with List Price of $369,900

Sale number four is this gulf-view, 3-bedroom, 3-bath, 1,422-square foot home listed for $369,900. The house, built in 2003, is located in flood zone X in San Blas Shores, one of the very earliest subdivisions on the Cape.  This little neighborhood has no HOA or HOA fees, and all lots convey with deeded gulf access. I couldn’t locate any significant sales data history in the Gulf County records. On Monday the parties went to the closing table and settled for $360,000

Cape San Blas Gulf View Lot Under Contract March 2018 with List Price of $159,000

On the north side of Seagrass is a new 12-lot subdivision called The Preserve.  The developer says it will eventually have paved roads and no HOA.  This week they sold a third-tier lot with a list price of $159,000 for $151,000 cash.  The 0.19-acre “X” zone lot measures 75′ by 112′.

Cape San Blas Gulf View House iin San Dunes Under Contract Feb 2018 with List Price of $609,000

Sale number six is a 4-bedroom, 3-bath, 1,832 square foot gulf view home in San Dunes built in 2012. The seller bought the X-zone lot in late 2011 for $45,000, built the house the following year, and had it listed for $609,000.   The seller listed it on a  Friday in early February, immediately received an acceptable offer, and was under contract by the following Tuesday. They closed last Friday for that full list price of $609,000.  Great job, Coastal Realty Team!

Greenhill Home Under Contract Jan 2018 with List Price of $279,000

Our seventh and final sale is a 3-bedroom, 2-bath, 1,600 square-foot home in Greenhill subdivision on C-30, a little neighborhood across the street from Gulf Pines. The home was built in 2001 on a 77′ by 206′, 0.41-acre lot overlooking a gorgeous vista savannah-like wetlands off the back of the home.  It is currently a long-term rental with a tenant rate of $1,500 per month. The seller bought the home in late 2008 for $260,000, had it listed for $279,000, and sold it on Monday for $282,000.

Cape San Blas Gulf View Lot Under Contract March 2018 with List Price of $99,000

To kick off our review of this week’s crop of eight new contracts we’ll head back up to the north end of the Cape, this time stopping on Bent Tree Road in Bluffs at Secluded Dunes. Here sellers accepted an offer on their irregularly shaped, 0.44-acre, 4th tier gulf view lot listed for $99,000 that they purchased in early 2004 for $204,900.

Cape San Blas Gulf Front Lot Under Contract March 2018 with List Price of $675,000

On Sapodilla Lane in Sunset Pointe, sellers accepted an offer Monday on their .43-acre gulf front lot with 69′ of water front, just ten days after they put it on the market.  They bought it in the summer of 2004 for $841,000 and have it listed for $675,000.

Christo Beach 2nd Tier Lot Under Contract March 2018 with List Price of $139,000

About a mile and a half south down the beach, our third contract is on a second tier lot in a newly platted subdivision called Christo Beach, located on the north side of Avalon. Buyers penned an offer on a quarter-acre, gulf view “X” zone lot listed for $139,000.

Cape San Blas Duplex Under Contract March 2018 with List Price of #534,000

Contract number four is on this handsome duplex on Cancun Drive listed for $534,000. It has a combined total of 2,208 square feet, 7 bedrooms and 5 baths, and was completed in February of 2017. It’s located on a third of an acre “X” zone lot which the sellers purchased in late 214 for $64,200.

Cape San Blas Gulf Front Home Under Contract March 2018 with List Price of $869,000

We’ll travel down to the south side of the Cape for our next new contract which is on this 4-bedroom, 4-bath, 2,557 square foot gulf front home on Louisiana Lane with 50′ of beautiful beach front. The sellers bought the lot alone in late 2014 for $241,000 and built the home the following year.

Gulf Front Lot on South Side of Cape San Blas Under Contract March 2018 with List Price of $299,950

Just a few blocks east along Cape San Blas Road, we come to the site of our next new contract, an irregularly-shaped 1.22-acre gulf front lot listed for $299,950 which the seller bought it January 2001 for $288,900.  The property has 50′ of waterfront.

C-30 Bay View Lot Under Contract March 2018 with List Price of $49,000

Our seventh contract is on a 75′ by 215′, 0.37-acre bay view lot out along C-30. The sellers bought it in early 2002 for $42,000 and have it listed for $49,000.

We’ll wrap things up today over at the point of the Indian Pass Peninsula where sellers accepted an offer on their 4-bedroom, 4 1/2-bath, 2,839 square foot gulf front home overlooking St. Vincent Island.  They bought the lot with 45′ of waterfront in late 2012 for $100,000, and built the house three years later.  Back in late 2004 the lot alone sold for $670,000.

That does it for this week. If you’re interested in finding out about other 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 shoot me an email to sherri@sherridodsworth.com. Have a terrific Easter weekend with family and friends, and thanks so much for taking time out of your schedule to stop by today.

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Mar 23 2018

Cape San Blas Real Estate Week in Review – March 17-23, 2018

Published by under Cape San Blas

For Sale Sold Sign Our Spring Breakers aren’t just partying on the beach, they’re buying it!  We scored another banner week, closing just one sale but penning nine new contracts. Sellers added five new listings, and changed the prices on three others.  Even with all those new contracts, our inventory only shaved off two, closing the week at 276 with 77 homes and 199 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Let’s see what those busy buying breakers have been up to.

Cape San Blas Gulf Front Home Under Contract Feb. 2018 with List Price of $879,000

Our one and only sale is in Cape Breezes, where this 3-bedroom, 3-bath, 1,642 square-foot gulf front home listed for $879,000 closed on Thursday for $819,000. This quiet community of homes is one of the earliest on the Cape, platted in the late 70’s, with recorded covenants but no HOA or HOA dues. All properties here convey with deeded access to both the Gulf and St. Joe Bay.  This family bought the lot back in 1991 for $60,000, and built the home shortly thereafter.

Cape San Blas Interior Lot Under Contract March 2018 with List Price of $59,900

The first of our bounty of nine new contracts is on the north end of the Cape on Hemmingway Lane in Sunset Pointe. The parties shook hands on terms for this 71′ x 148′, quarter-acre, corner lot listed for $59,900. Interesting sales history on this one; the sellers bought it in 2010 for $24,000. Back in 2004, the developer sold it for a whopping $530,000.

Seagrass Lot Under Contract March 2018 with List Price of $145,000

About 2 1/2 miles south is Seagrass, home to our second contract, which is a 90′ by 90, 0.20-acre interior lot listed for $141,500.  All of the lots in this subdivision are in the X zone.  The sellers bought the property in December 2015 as a bank-owned sale for $78,000. In early 2005, it sold for $445,000.  What a difference a decade makes.

Cape San Blas Gulf Front House Under Contract March 2018 with List Price of $925,000

Next up is a 3-bedroom, 3 1/2-bath, 1,997 square foot gulf front home on Belize Drive that caught buyers’ attention.  The sellers bought the circa-2005 home in the summer of 2015 for $520,000 and have done major renovations and upgrades since then, including adding a swim spa.

Cape San Blas Gulf Front Home in Jubilation Under Contract March 2018 with List Price of $1,450,000

Down on the south side of the Cape in Jubilation this absolutely gorgeous gulf front home went under contract on Thursday sporting a $1,450,000 price tag. Built in 2006,  the current owners bought the 5-bedroom, 5-bath, 3,248 luxury home in early 2010 for $950,000, and have completed numerous upgrades since then, such as new roof, plumbing and A/C.

Jubilation Gulf View Lot Under Contract March 2018 with List Price of $75,000

Jubilation was a happening place this week, with buyers penning an offer on an 80′ by 50′, 0.09-acre gulf view lot listed for $75,000, a far cry from the $450,000 it commanded in late 2004.  The sellers bought it in 2015 for $50,000.

Interior Lot on McCosh Mill Road Under Contract March 2018 with List Price of $54,900

On McCosh Mill Road in nearby Piney Woods subdivision, the parties shook hands over an agreement on this 80′ by 55′, 0.10-acre lot listed for $54,9000, for which the seller paid $35,000 in the summer of 2012.  The X zone lot is near the community pool, and within easy walking distance of the beach.

Gulf Front Lot at Money Bayou Under Contract March 2018 with LIst Price of $299,000

We’ll head off of the Cape and travel east on C-30 over to Money Bayou where this 50′ wide by 486′ deep, half-acre gulf front lot on Sweetwater Shores Drive went under contract on Monday with a list price of $299,000.   The sellers bought it in mid-2016 for $260,000.

Treasure Shores First Tier Home Under Contract March 2018 with List Price of $479,900

Treasure Shores is just beyond Money Bayou and it’s the neighborhood in which buyers found this 3-bedroom, 2 1/2-bath, 1,456 square-foot, first tier home listed for $479,000. The sellers bought it in 2015 for $390,000, and before that it sold in 1999 for $217,000.  This is a FEMA flood insurance eligible area.

Indian Pass Gulf Front Home Under Contract March 2018 with Lis Price of $975,000

Our ninth and final contract is on this 3-bedroom, 2 1/2-bath, 2,450 square foot gulf front home on Chickasaw Lane in Indian Pass listed for $975,000. The sellers bought the 68′ wide lot in 2011 for $190,000 and built the home three years later in 2014.

That wraps it up for today.  If you’re thinking of buying or selling, let’s get together. Competition for properties is strong and I’ll be glad to help you.  Call or text me at 850-227-5197 or drop a line to sherri@sherridodsworth.com and we’ll get started.  I hope to hear from you soon, and really appreciate your taking time to stop by today.

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Mar 16 2018

Cape San Blas Real Estate Week in Review – March 10-16, 2018

Published by under Cape San Blas

For Sale Sold SignWarmer spring-like weather may be slowly returning, but our market is red hot. We closed six sales, wrote up a whopping ten new contracts, added eight new listings, and made two price changes.  Our inventory of MLS listings in the Cape San Blas, Indian Pass and C-30 market closed the week at 278, shedding six from last week, with 80 houses and 198 lots for sale. It has been a great week with lots to report so let’s get right to it.

Cape San Blas Gulf Front Home Near Park Under Contract Jan 2018 with List Price o $1,297,500

The first of our six sales is on the north end of the Cape on Sapodilla Lane in sought-after Sunset Point subdivision.  The beach of this neighborhood is absolutely pristine, quiet and lovely. The siren call of the sea captivated a buyer who fell in love with this gulf front 2,858-square-foot, 5-bedroom, 3 1/2-bath, circa-2014 home listed in mid-December for $1,297,500. This baby is a mega rental with awesome income potential – the sellers elected not to rent it year-round, but in just 19 weeks of rentals they grossed $95,000 in just 19 weeks. Sweet. Ka ching!  On Thursday, the luck new owner picked up the keys at closing for $1,205,000.

Two-Acre Bay Front Parcel in Simmons Bayou Sold March 2018 for $320,000

All of our remaining sales were off the Cape.  For our second sale, we’ll turn left off of Cape San Blas Road onto SR-30 heading north towards Port St. Joe, stopping in Simmons Bayou on the south side of Presnell’s RV Park and Marina.  Here the parties closed on this 2-acre bayfront parcel measuring 128′ by 665′.  Interesting sales history on this one. It sold in mid-2004 for $595,000, and then again in January 2005 for $875,000. The current seller listed it in January for $319,900 and closed just 60 days later for $320,000 cash.

Gulf Front Lot Near Cape San Blas Under Contract Jan 2018 with List Price of $292,900

We’ll circle back in the direction of the Cape until we get to C-30 to just past Cape San Blas Road where the first subdivision you come to on the gulf side of the road is a little gated subdivision aptly named Curve at the Cape.  In late January, sellers accepted an offer of their half-acre gulf front lot with 59′ of waterfront that they had listed for $294,900, and they sold it for that full list price on Wednesday. Back in early 2004 it went for $420,000.

Gulf Pines Gulf Front House Under Contract Feb 2018 with list Price of $699,000

Not far from Curve at the Cape is Gulf Pines, an older, settled community of the gulf with minimal HOA fees of just $200 per year.  Sale number four is a 2-bedroom, 2-bath, 1,176 square foot gulf front home listed for $699,000.  The owners bought the 100′ wide lot for $35,000 back in 1986, and built the home that same year.  They handed over the keys to the new owners this week for $645,000.

Fourteen Acres on Indian Pass Lagoon

Here’s something rare – a 14-acre lagoon front parcel in Indian Pass across the street from the Indian Pass Raw Bar. The seller bought it in May 2016 for $30,000, has had it listed pretty much ever since then asking $149,000 for it. It doesn’t hurt to ask, but this week he settled for $45,000.

Corner First Tier Gulf View Lot at Indian Pass Under Contract Feb 2018 with List Price of $129,500

Our final sale is over on Indian Pass, a lot on the corner of Canoe Lane on Wednesday. The 75′ by 245′, 0.44-acre lot last sold in mid-2012 as a bank-owned sale for $59,000, a far cry from the $550,000 price it commanded back in 2006. The sellers had it listed for $129,500 and signed over the title on Wednesday for $115,000.

Cape San Blas Interior Lot Under Contract March 2018 with List Price of $49,900

Now on to our ten new contracts the first of whichis way up on the north side of the Cape in Sunset Pointe where buyers had their offer accepted on this third-of-an-acre interior lot listed for $49,000. The developer quit claimed the property to the sellers in 2010. Sunset Pointe is divided into two sections, one fronting the gulf, the other on the bay side.  Each section is gated, there is a community pool, and all properties convey with deeded gulf access.

Cape San Blas Gulf Front House Under Contract March 2018 with List Price of $799,000

Less than two miles down the beach on White Sands Drive in San Blas Shores, the parties agreed to terms on this 2-bedroom, 3-bath, 1,956 square foot gulf front home listed for $799,000. According to county records it was built around 1986 and has been very well-maintained over the years. It’s a popular rental known as Green House and is being sold turn-key.

Cape San Blas Bay View Home Under Contract March 2018 with List Price o $429,000

Two subdivisions over from San Blas Shores is Cape Breezes, another one of the early neighborhoods on the Cape dating back to the early 80’s.  It spans from bay to gulf, and all properties include deeded bay and gulf access; that bay access is located directly across the street from the home . This handsome log-style private first tier bay view home was built in 2014. The “X” zone lot on which it is built measures 180′ by 94′, and is 4-tenths of an acre.

Cape San Blas Gulf View Lot in Hibiscus Beach Under Contract March 2018 with List Price of $559,000

In nearby Hibiscus Beach, this newly listed gulf view lot caught buyers attention and went under contract just five days after it was listed.  The 80′ by 10′, 0.32-acre, “X” zone gulf view lot was listed by the developer for $559,000. There is a small portion of Rish Park between it and the Gulf, so it won’t be built on, but it is not actual gulf front, and the owner can’t build a walkover to the beach from their home when they build.

Cape San Bas Bay View Lot Under Contract March 2018 with List Price of $59,000

Two lots in Paradise Bay fronting Cape San Blas Road went under contract, each measuring roughly 95′ by 200′ and 0.44 acre, but owned by different sellers. The first one is listed for $59,000, and last sold in 2013 for $31,000.   All the lots in this subdivision have deeded bay and gulf access, and the gulf access is directly across the street.

Cape San Blas Bay View Lot Under Contract March 201 with List Price of $69,000

The second lot is listed for $69,000 and is owned by one of the original developers of the subdivision.

Cape San Blas Gulf View Lot Under Contract March 2018 with List Price of $159,000

On the north side of Seagrass is a new 12-lot subdivision called The Preserve.  The developer says it will eventually have paved roads and no HOA.  This week they put a third-tier lot under contract with a list price of $159,000.  The 0.19-acre “X” zone lot measures 75′ by 112′.

Jubilation Lot Under Contract Marc h 2018 with List Price of $53,000

Down on the south side of the Cape in Jubilation buyers decided this irregularly shaped 0.16-acre lot was just what they were looking for.  It’s listed for $53,000, a far cry from the $300,000 it sold for in late 2004.

Treasure Bay Bay Front Lot Under Contract March 2018 with List Price of $159,000

We’ll head off the Cape again turning left on C-30 and head over to Treasure Bay where this 90′ wide bay front lot went under contract on Wednesday with a $159,000 list price.  It’s 1,572′ deep, for a total of 3.2 acres, but as you can see in the photo above almost all of the acreage is bay-bottom. The sellers bought it back in 1992 for a modest $25,000.

Gulf Pines 1st Tier Home Under Contract March 2018 with List Price of $499,000

Heading back east on C-30, our tenth and final new contract is on this 2-bedroom, 2-bath, 1,200 square foot, first tier home listed for $499,000. The sellers paid $120,000 for the quarter-acre lot in early 2016 and built the home that same year.

That does it for this week.  The weather’s warming up and our spring flowers are beginning to bloom so it’s a lovely time to visit. If you are planning to do just that and want to check out some real estate while you’re here, let me know. Call or text me at 850-227-5197, or shoot me an email to sherri@sherridodsworth.com . I love hearing from my readers. Have a terrific week, and thanks so much for stopping by today.

 

 

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Mar 09 2018

Cape San Blas Real Estate Week in Review – Mar. 3-9, 2018

Published by under Cape San Blas

For Sale Sold SignOur market took a bit of a breather this week compared to what we’ve been doing recently with no closings though we did add five new contracts. Sellers added a whopping fifteen new listings, and changed prices on seven others.  Our inventory grew in kudzu-like fashion by nine, closing at 284, with 83 homes and 201 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market MLS.  Let’s take a look at what attracted buyers’ attention.

The first of our five new contracts is one of the most northernmost lots on the Cape.  Sellers accepted an offer on their 110′ by 675′, 1.65-acre first tier lot In Secluded Dunes listed for $272,000. It conveys with a conservation easement to the Florida Department of Environmental Protection for the property surrounding the parcel, and includes an exclusive easement to the Gulf.

Barrier Dunes Townhome Quarter-Share Under Contract March 2018 with List Price of $75,000

In nearby Barrier Dunes, we have something out of the ordinary for our area, a quarter-share ownership in a 3-bedroom, 3-1/2-bath townhouse being offered for $75,000.  Each owner receives 1 week a month and the schedule is rotated at the beginning of each year so that holiday weeks are shared equal.  The sellers bought their ownership in mid-2005 for $125,000.

Ovation Gulf Front Lot Under Contract March 2018 with List Price of $439,900

Contract number three is on this gulf front lot in Ovation with 46′ of waterfront listed for $439,900. The 0.38-acre lot last sold in mid-2012 for $165,000.

Indian Pass Gulf Front Lot Under Contract March 2018 with List Price of $250,000

We’ll head on over to Indian Pass for our last two contracts, starting with this 100′ by average 861′ depth 1.9-acre lagoon front lot listed for $250,000.  The lot was part of a larger parcel that extended all the way from the lagoon to the gulf. The seller bought that full parent parcel in early 2017 for $481,000 and subsequently re-patted it separating the lagoon parcel from the gulf parcel.

Indian Pass Beach Cottage Under Contract March 2018 with LIst Price of $398,000

Our fifth and final new contract is on this 3-bedroom, 2-bath, 1,620 square foot beach house only a few lots away from the beach at Indian Pass Beach subdivision. It last sold in early 2004 for $379,900. This little neighborhood was platted in 1952 and grandfathered for FEMA flood insurance eligibility when the CBRA designation was placed on most of the rest of Indian Pass.

Wow – that didn’t take long. Quite a change of pace from the past few weeks. Overall, though, we’ve been seeing a lot of activity recently for this time of year, so if you’re interested in buying or selling, let me know. You can always reach me by either calling or texting to 850-227-5197 or sending me an email to sherri@sherridodsworth.com . Have a great week, and thanks so much for taking time to stop by today.

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Mar 03 2018

Cape San Blas Real Estate Week in Review – Feb. 24-Mar. 2, 2018

Published by under Cape San Blas

For Sale and SoldAnd the beat goes on. March rolls in with a roar as our market continues to soar, with six sales and three new contracts. Sellers added fourteen new listings and changed prices on five others.  Even with all those new listings our inventory only grew by three, ending the week at 275, with 83 homes and 192 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Lots to see today so let’s get rolling.New Gulf View Home at Cape San Blas Under Contract Jan 2018 with List Price of $699,000

The first of our six sales is on this recently completed new home on Cape San Blas Road in Hibiscus Bay.  Located directly across the street from the beach access point by Rish Park, it offers great gulf views from its top floor living level.  The spacious 2,950 square foot home features five bedrooms and four baths, and is elevator ready.  The property conveys with deeded gulf and bay access, and there is a neighborhood pool. The builder is also the listing agent, and he accepted an offer the first week of January with a list price of $699,999. He purchased the one-acre lot last January for $80,000, and sold the home on Tuesday for $689,000.

Cape San Blas Road Front Lot Under Contract Jan 2018 with List Price of $105,000

Our second sale is this 80′ by 122′ lot on the corner of Cape San Blas Road and Antiqua, just a bit north of Scallop Cove.  The owners bought the roughly quarter-acre lot in late 2009 for $50,000, had it listed for $105,000, and signed over the title on Wednesday for $100,000 with seller financing.

Indian Summer First Tier Lot Under Contract December 2017 with List Price of $65,000

Sale number three is this first tier lot in the secluded neighborhood of Indian Summer over on Indian Pass. This was a probate sale.  It was listed for $65,000 and sold on the Wednesday to the adjacent property owner for $50,000 cash, which is what the developer sold the property to the late owner for in 1997.

Indian Pass Gulf Front Lot Under Contract Jan 2018 with List Price of $265,000

Our fourth sale is a 50′ by 380′ roughly half-acre gulf front lot over on Indian Pass. The sellers bought the property on the steps of the county courthouse in February 2017 for $146,000, listed it for $265,000, and signed over the title at closing on Monday for $250,000. Nice little bit of profit for a 12-month investment.

1903 Indian Pass Home Under Conract Dec 2017 with List Price of $999,000

Our next to last sale is a unique property further east on Indian Pass Road that I just absolutely love. This circa-1903 Key West style 3 bedroom, 3 1/2-bath, 2,638 square foot historic home was relocated onto a 92′ wide gulf front lot years ago and has been carefully restored. It has heart pine floors throughout, original stained glass windows, adjustable transom windows, and 12’6″ ceilings. The custom designed gourmet kitchen features floor to ceiling cabinets, top of the line stainless steel appliances, granite countertops and a ceramic apron farm sink. The home has six fireplaces, including one in the kitchen and the master bathroom. Custom Bahama shutters cover most of the windows. It has over 1,000 square feet of screened porches and a 6′ x 11′ tiled chlorine-free spa pool. The lot is over an acre in size and has been professionally landscaped with native vegetation.  The owners bought it in September 2014 for $640,000; in early 2004 it sold for $1.65M. The sellers had it listed for $999,000 and handed over the keys to the new owners on Wednesday for $949,000.

Indian Pass Lagoon Front Lot Under Contract Feb 2018 with List Price of $55,000

Our sixth and final sale is this lagoon front lot close to the Indian Pass campgrounds. It features 130 feet of waterfront, has a dock in place for water access, and was listed for $55,000. From the aerials, it does not appear to have enough uplands for a suitable home footprint. If it looks familiar, it may be because it was under contract briefly once before in early November of last year. The sellers bought it in 1989 for $6,500, and sold it last Friday for $40,000.

Barrier Dunes Gulf Front Townhouse Under Contract March 2018 with List Price of $549,000

Now on to our review of this week’s three new contracts starting where we so often do on the north end of the Cape in Barrier Dunes where buyers fell in love with this view from the deck of a 3-bedroom, 3 1/2-bath, 1,845 square-foot gulf front townhouse listed for $549,000. The circa-1987 home is located in the sought after X zone. The sellers bought it in late 2010 for $320,000 and have put a lot of work into it since then.

Interior Lot in Ovation at CSB Under Contract March 2018 with List Price of $44,900

A mile or so south on the Cape on the bay side of Ovation, an owner accepted an offer on his irregularly shaped “X” zone lot on Regatta listed for $44,900, close to the $44,500 if sold for in 2014. It last sold in Dec. 2015 for $78,500. This is a very pretty home setting on a site with good elevation.

Gulf Front Home Under Contract March 2018 with Lis Price of $829,900

Our third and final new contract is over along the C-30 Corridor in Treasure Shores where buyers had their offer accepted on this 4-bedroom, 3-bath, 2,008 square foot gulf front home listed for $829,900. It’s situated on a roughly half acre lot in a VE flood zone with 75′ of water frontage . The sellers bought it in early 2007 for $875,000.

Crazy busy for this time of year. If you’re thinking of buying or selling, I’ll be glad to help you so call me at 850-227-5197 or drop a note to sherri@sherridodsworth.com.  I really enjoy working with my readers and getting to know you. Thanks so much for taking time to stop by today and hope to hear from you soon.

 

 

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Feb 23 2018

Cape San Blas Real Estate Week in Review – Feb. 17-23, 2018

Published by under Cape San Blas

For Sale and Sold SignConsumer confidence remained strong in our coastal market this week as buyers closed on two sales, and wrote up seven new contracts, with sellers adding 16 new listings  and changing prices on just two, telling me sellers are confident in the market and digging in on their asking prices.  Our inventory ends the week at 272, up two from last week, with 84 homes and 188 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Jubilation Lot Under Contract Feb. 2018 with LIst Price of $77,900

The first of our two sales is this 50′ by 85′, 0.09 acre lot down on the south side of the Cape in Jubilation which backs up to the beautiful Air Force Reserve acreage.  Back at the height of the market in late 2004 it sold for $385,000. One month ago it went under contract with a list price of $77,900, and on Monday it closed for $70,000.

Indian Pass Gulf Front 3 Acre Tract Under Contract Dec 2017 with List Price of $610,000

Our second sale is over on Indian Pass, where this 3+ acre tract with 130′ of waterfront with an average depth of 1077 feet went under contract in early December with a list price of $610,000. The seller has owned it for quite some time, so there’s no meaningful sales history available. This parcel was originally part of a larger parcel from which he sub-divided a 75′ wide lot that sold in mid-2001 for $375,000. On Thursday, the new owners took title for $530,000 cash.

Cape San Blas Gulf View Home Under Contract Feb. 2018 with List Price of $369,900

Now on to our seven new contracts, which this week are interestingly all on the Cape, starting off with this gulf-view 3-bedroom, 3-bath, 1,422-square foot home listed for $369,900. The house, built in 2003, is located in flood zone X in San Blas Shores, one of the very earliest subdivisions on the Cape.  I couldn’t locate any significant sales data history in the Gulf County records either.

Cape San Blas Gulf Front Home Under Contract Feb. 2018 with List Price of $879,000

In nearby Cape Breezes, contract number two is on this 3-bedroom, 3-bath, 1,642 square-foot gulf front home listed for $879,000. This quiet community of homes is one of the earliest on the Cape, platted in the late 70’s, with recorded covenants but no HOA or HOA dues. All properties here convey with deeded access to both the Gulf and St. Joe Bay.  This family bought the lot back in 1991 for $60,000, and built the home shortly thereafter.

Cape Palms Lot Fronting CSB Rd Under Contract FEb 2018 with List Price of $70,000

Someone wrote contracts on two contiguous lots in Cape Palms, an unrecorded subdivision across from Cape Palms Park. The seller has owned the properties for a long time and so I could find no significant sales data in the county records regarding them. He has the 50′ by 210′, quarter-acre lot fronting Cape San Blas Road listed for $70,000, and the adjacent roughly 59′ by 143′ lot listed for $35,000. Some of the front portion of the road front lot is in the X zone, but the rest is in AE.

Cape San Blas Gulf View House iin San Dunes Under Contract Feb 2018 with List Price of $609,000

Contract number five is on this 4-bedroom, 3-bath, 1,832 square foot gulf view home in San Dunes built in 2012. The seller bought the X-zone lot in late 2011 for $45,000, built the house the following year, and has it listed for $609,000.   The seller listed it last Friday, immediately received an acceptable offer, and was under contract by Tuesday. Way to go, Coastal Realty Team!

Cape San Blas Home with Pool Under Contract Feb 2018 with List Price of $399,000

We’ll head down to the south side of the Cape to Surfside Estates for our sixth contract, which is on this 3-bedroom, 3-bath, 1,368 square foot circa-2004 home in the “X” zone listed for $399,000. It has a nice pool, deeded gulf access, and a bit of a view of the bay. The sellers bought it in mid-2004 for $450,000.

Recently Built Gulf View Home in Two Palms Under Contract Feb. 2018 with List Price of $549,575

We’ll wrap things up today in Two Palms, the first subdivision you pass as you come onto the Cape just past Salinas Park on your left hand side. On Wednesday, Sellers accepted an offer on heir newly built, 4-bedroom, 3-bath, 2,360-square-foot, gulf view home listed for $549,575. This home is being sold by one of the original developers of Two Palms.

Though the stock market calmed down this week, with the DOW ending Friday up roughly 300 points from Monday’s opening, I’m going to stick with the activity we’re seeing in investment real estate as being related to market investors looking for shelter in real estate in which to diversify.   If you’re thinking of buying or selling, I can help.  Simply call or text me at 850-227-5197 or send an email to sherri@sherridodsworth.com and I’ll be glad to help.  Have a great week, and thanks so much for taking time out of your busy schedule to stop by today. Hope to see you back here next Saturday!

 

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Feb 16 2018

Cape San Blas Real Estate Week in Review – Feb. 10-16, 2018

Published by under Cape San Blas

For Sale Sold SignJust as I suspected, our real estate market rebounded strongly this week in the wake of last week’s wild ride on Wall Street, as we closed ten sales and wrote up five new contracts. Sellers added ten new listings to the mix, and changed prices on five others. Even with all that activity, our inventory added only one, closing the week at 270, with 88 homes and 182 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS Market.

Cape San Blas Gulf Frot Lot Sold Jan 2018 for $550,000

I’m starting out our review of this week’s crop of ten sales with a non-MLS, owner-negotiated sale that I think is a significant comparable sale.  According to the property appraiser’s site, on January 24 this 51′-wide gulf front lot in San Dunes subdivision on the Cape peninsula sold for $550,000, $10,784 per waterfront foot, a benchmark we haven’t seen in quite some time.

Cape San Blas Gulf Front Lot Under Contract Feb. 2018 with List Price of $979,000

Our second sale is this 105′ by 644′, 1-1/2-acres gulf front lot on Cape San Blas Road just a short bit north of Scallop Cove.  The sellers bought it in the summer of 2015 for $750,000, had it listed for $979,000 and sold it on Friday for $800,000 cash.

Gulf View Home in Boardwalk at Cape San Blas Under Conract Jan 2018 with List Price of $545,000

Sale number three is down on the south side of the Cape on Florida Avenue in Boardwalk.  Parties went to the closing table on this 4-bedroom, 3 1/2-bath, 2,197 square foot home listed for $545,000.  The sellers bought the 0.18-acre lot in 2003 for $150,000, built the home in 2006, and handed over they keys on Thursday for full list price of $545,000.

Cape San Blas First Tier Home Under Contract Jan. 2018 with List Price of $499,000

A few blocks east of Boardwalk on Crescent Palms, our fourth sale is this 3-bedroom, 3-bath, 2,252 square foot first tier home on Crescent Palms listed for $499,000. The sellers bought the lot in 2001 for $159,900 and built the home in 2004.  On Thursday, they signed over the title to the new owners for $489,000.

Treasure Bay First Tier Lot Under Contract Jan. 2018 with List Price of $59,900

Treasure Bay is the second subdivision you come to on the left side of C-30 as you leave the Cape heading towards town.  A month ago buyers had their offer accepted on this 102′ by 218′, half-acre, first tier lot overlooking St. Joe Bay.  It was listed for $59,900, a smidgen below its 2002 sale price of $60,500. The current owners paid $37,500 for it in late November, and sold it on Friday for $52,000.

Gulf Pines First Tier Lot Under Contract Feb. 2017 with List Price of $185,000

We’ll circle back east on C-30 over to Gulf Pines, one of the original area subdivisions started in the early 1980’s. It’s a quiet gulf-side community with a few rentals but many full time residents as well.  Homes here are eligible for FEMA flood insurance. Buyers were attracted to this 78′ by 168′, third of an acre first tier lot located directly across the street from the deeded gulf access. The sellers bought it in early 2004 for $435,000, had it listed for $185,000, and sold it on Monday for $160,000.

Gulf Pines Gulf Front Home Under Contract Feb. 2018 with List Price of $919,900

Our next two sales were a combined offering which included this home in and the adjacent lot in Treasure Shores, a neighborhood very similar in age and style to Gulf Pines. Located between Money Bayou and Indian Pass it, too, is FEMA flood insurance eligible.  Several weeks ago the owner accepted an offer on his 4-bedroom, 3-bath, 2,412-square foot gulf front home situated on a 75′ wide lot measuring roughly half an acre.  He bought the home in late 1998 for $365,000, had it listed for $919,900, and handed over the keys to the new owners on Friday for $800,000.  Because it was a package deal with the lot, the price may not reflect an accurate comp for appraisal purposes.

Treasure Shores Gulf Front Lot Sold Feb 2018 for $350,000

The seller bought the adjacent 75′ wide lot at the end of $200,000, had it listed for $419,000, and accepted $355,000 for it with the sale of the house.  Again, special circumstance, so probably not a true sales comp.

Indian Pass Gulf Front ot Under Contract January 2018 with List Price of $129,000

Our final sale is all the way out at the point of the Pass in St. Vincent Point.  The first week of January, sellers accepted an offer on their irregularly shaped gulf front lot with 25′ of waterfront listed for $129,000.  In mid-2010 it sold for $250,000 but then ended up belonging to the bank who sold it in early 2014 for $80,000. New owners took title on Monday for $105,000.

Gulf Front RV Lot on Cape San Blas Under Contract Feb 2-18 with List Price of $270,000

We have five new contracts to look at this week, the first of which is a gulf front RV lot not far from the rocks at Stumphole. The 56′ wide site has a concrete slab, water, septic, power and a shower all in place. The seller bought the lot in February 2015 for $130,000 and has it listed for $270,000.  The MLS notes cautions buyers verify first with the county if the lot will be grandfathered for continued use as an RV site in accordance with the RV Ordinance.

Gulf Pines Gulf Front House Under Contract Feb 2018 with list Price of $699,000

Leaving the Cape again and heading back over to Gulf Pines which was a happening place this week. Our second contract is on this 2-bedroom, 2-bath, 1,176 square foot gulf front home listed for $699,000.  The owners bought the 100′ wide lot for $35,000 back in 1986, and built the home that same year.   They accepted an offer on it Monday with an asking price of $699,000.

Gulf Front House at Gulf Pines Under Contract Feb 2018 with List Price of $899,000

Just a few blocks away on Gulf Pine Drive buyers fell in love with this 3-bedroom, 2-bath with 2 half baths, 3,510 square foot gulf front home listed for $899,000. This one was built in 1983 and is also on a 100′ wide lot.  The sellers bought the home in late 1994 for $249,900.

Corner First Tier Gulf View Lot at Indian Pass Under Contract Feb 2018 with List Price of $129,500

Our final two new contracts are both over on Indian Pass, starting with this gulf view corner lot on Canoe Lane listed for $129,500. The 75′ by 245′, 0.44-acre lot last sold in mid-2012 as a bank-owned sale for $59,000, a far cry from the $550,000 price it commanded back in 2006.

Indian Pass Lagoon Front Lot Under Contract Feb 2018 with List Price of $55,000

We’ll wrap things up today with this lagoon front lot close to the Indian Pass campgrounds. It features 130 feet of waterfront, has a dock in place for water access, and is listed for $55,000. From the aerials, it does not appear to have enough uplands for a suitable home footprint. If it looks familiar, it may be because it was under contract briefly once before in early November of last year. The sellers bought it in 1989 for $6,500.

Good to see some smokin’ hot activity again!  Let’s see what the next few weeks bring. Obviously, demand is strong, so if you’re thinking of selling, give me a call and I’ll be glad to provide  you with an estimate of your property’s current value. Call or text me at 850-227-5197 or send a note to sherri@sherridodsworth.com and we’ll get started. Thanks so much for stopping by today, and I hope to see you back here next week.

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