Sep 22 2017

Cape San Blas Real Estate Week in Review – Sep. 16-22, 2017

Published by under Cape San Blas

For Sale Sold SignThe Cape got some great news this week – we’re going to have a scallop season after all!  Albeit only for 16 days, beginning today, September 23, and running through and including October 8.  By starting the season this late in the year, the scallops should be pretty good size.  And speaking of pretty good size, our inventory continues to growing, closing for the first time in a long time above 300.  We gained six over last week, closing at 301 with 88 homes and 213 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor.  Sales were slow as well, with no closings and just three new contracts.  Sellers added nine new listings and changed prices on twelve others.

Newly Built Gulf Front Home On Cape San Blas Under Contract September 2017 with List Price of $959,000

Our review of this week’s three new contracts starts off on the Cape on Clipper Way where the owners of this newly built, 4-bedroom, 4 1/2-bath, 2,600 square foot gulf front home went under contract on Thursday with a list price of $959,000. The group of sellers include the builder/listing agent, other licensed Realtors and family members.  According to the MLS copy, this home offers many nice features:   “Custom designed home with all 4 bedrooms facing the beach with their own private bathrooms. The living room and kitchen also face the water and there are 3 separate beach side decks. This home has many upgraded features including core-tech flooring, granite counter tops, stainless appliances, 4-stop elevator and more”.  They bought the vacant lot in January 2016 for $235,000.

Gulf View Lots on Cape San Blas Under Contract September 2017 with List Price of $69,000

Our other two new contracts were both on lots, the first of which is on the south side of the Cape in the Cape Dunes subdivision.   This is one of the earliest of all subdivisions on the Cape, with most of the existing homes built prior to implementation of CBRA in October 1982. Consequently, many are grandfathered and eligible to purchase FEMA flood insurance. The structures were grandfathered but not lots, so the new owners of today’s lot purchase will have to go into the private market if they want flood coverage.

Bank-Owned Lagoon Front Lot Under Contract September 2017 with List Price of $24,500

We’ll wrap things up today out on C-30 shortly past the Indian Pass Raw Bar, where buyers had their offer accepted on a 155′ by 465′, 1.69 acre, lagoon front, bank-owned lot listed for $24,500.  The county records show it last changed hands privately in May of 2008 when it was quit-claimed for $45,000. The bank acquired it in late 2014.

Scallop in the sand And that does it for today. If your plans include visiting our area in the next week or so, be sure to take some time to harvest some tasty scallops.  While you’re here, if you’d like to get together to discuss a little real estate, call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll get started.  Whatever your plans, have a great week, I hope to see you back here soon, and thank you so much for taking time out of your busy schedule to stop by today.

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Sep 16 2017

Cape San Blas Real Estate Week in Review – Sep. 9-15, 2017

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For Sale Sold SignFlorida experienced a historical week. From the northernmost regions of our state in deluged Jacksonville to our southernmost points in devastated Key West, to the hard-hit southwest Naples/Fort Myers region, so many areas are reeling in the destruction left in Irma’s wake. The sheer geographical magnitude of the storm was unprecedented as she wreaked some degree of havoc in virtually all parts of our state. As she drifted slightly to the west early Saturday morning, Gulf County local officials were justifiably concerned about the possible impact to our area if the storm spun back out into the Gulf, regained strength and very possibly might have hit our area as a minimal Cat 3 storm. Accordingly, on Saturday morning, they issued a mandatory evacuation for everyone north of the rocks at Stumphole. Visitors were required to leave; residents strongly encouraged to do so. Our area dodged a bullet when the storm eventually drifted back eastward mid-day on Saturday for which we are eternally grateful, though our community would never wish this storm on anyone.

When there are named storms in the Gulf, insurance companies can’t issue policies on homes, so it’s not surprising that we only had one closing this week and that was on a lot. With a large portion of our visitors forced to leave last Saturday, there weren’t a lot of folks out shopping for property either, but even so, we did manage to have one new contract. Owners listed nine new properties, but held firm on prices with no changes.  With all those listings and so little other action, it’s no surprise that our inventory swelled by four, with 87 homes and 208 lots for sale in the Cape San Blas, Indian Pass, and C-30 Corridor market.

Indian Pass First Tier Lot Under Contract August 2017 with List Price of $150,000

Both of this week’s transactions were over on Indian Pass. The only folks who went to closing were the parties with the contract on this quarter-acre first tier lot carved out from a 75′ by 562′ gulf front parcel the sellers bought in early 2015 for $285,000.  They did the minor re-plat, and listed the first tier portion for $150,000. On Thursday, the new owners took title for $140,00.

Indian Pass Gulf Front Lot Under Contract Sep. 2017 with List Prie of $279,000

Our one and only new contract is on a gulf front lot on Indian Pass Road. We saw this property not too long ago when the seller bought the 100′ wide parent parcel in mid-June for $481,000. He did a minor re-plat shortly thereafter subdividing it into two 50′ lots and now has one under contract with a list price of $279,000. Do the math. Nice profit.

I hope you and your loved ones escaped Irma’s wrath and are safe and sound.  These events remind us never to take the comforts and abundance in our lives for granted and to live each day with a grateful spirit. Our community pulled together in preparation for the storm caring for one another like the family that we are. For us, everything is back to normal. If you’d like to join us, please call or text me at 850-227-5197 or send a note to sherri@sherridodsworth.com and we’ll get started.  Take care, and thank you so much for taking time to stop by today.

 

 

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Sep 08 2017

Cape San Blas Real Estate Review Week of Sept. 2-8, 2017

Published by under Cape San Blas

For Sale Sold Sign All focus has been on Hurricane Irma this week and as I write this we’re keeping our eye on its track, trying to estimate just what impact we can expect here.  All the talk of storms didn’t deter folks from finding their piece of paradise along our coast, though, as we had three closings and wrote up two new contracts. Sellers added only one new listing, and changed prices on three others.  We managed to trim our inventory by six, closing the week at 291, with 88 homes and 203 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Market.  Let’s see what caught buyers’ attention.

Cape San Blas Gulf View Home with Pool Under Contract May 2017 with List Price of $639,900

The first of our three sales is a second tier home on Tobago Drive, the street on the north side of The Cape Tradin’ Post.  This one may seem familiar as it was briefly under contract once before in mid-May. In early July, the owners accepted a new offer on their 5-bedroom, 4-1/2-bath, 1,866 square foot home listed for $639,900. That’s just a smidgen more than the $635,000 they paid for it ten years ago in the summer of 2007.  The new owners took title last Friday for $625,000.

Gulf Pines First Tier Lot Under Contract August 2017 with List Price of $154,900

On the corner of C-30 and Gulf Pines Drive, our second sale is a 90′ by 268′, half-acre first tier lot listed for $154,900. The Gulf Pines neighborhood has minimal HOA fees of just $200 per year, and is a FEMA eligible area.  If the lot looks familiar, it may be because we saw it here a mere 3 months ago when the sellers bought it for $145,000.  On Tuesday they sold it for $150,000.

Indian Pass Lot Under Contract August 2017 with List Price of $94,500

Our third and final sale is located on Oak Street in Indian Pass Beach Subdivision, a neighborhood near the east end of the peninsula platted back in 1952.  Since it was platted before the Coastal Barrier Resource Act went into effect in 1982, all of the properties here are grandfathered for FEMA flood insurance. A little over a week ago, buyers had their offer accepted on this 84′ by 114′, 0.2 acre lot listed for $94,500.  It’s not listed as a short sale even though county records indicate it last sold in early 2004 for $425,000, roughly $550,700 in 2017 inflation-adjusted dollars.  On Tuesday the new owners took title for $93,000.

Gulf Front Home on C-30 Under Contract Sep 2017 with List Price of $425,000

Both of our two new contracts are out along the C-30 Corridor between the Cape and Indian Pass, starting with this 3-bedroom, 4-bath, 1,702 square foot gulf front home listed for $425,000. It’s located in an 8-home cluster of homes known as Brighton by the Sea. Owners enjoy great views of and easy access to the beach and a community pool. The sellers bought this home in the summer of 2001 for $394,000.

Money Bayou Gulf View Home Under Contract Sep 2017

Our other new contract is down the road a bit in Money Bayou where this Key West style cutie caught a buyer’s eye last Saturday and their offer was accepted. It’s a 2-bedroom, 2-bath, 1,101 gulf view home on a third tier, 36′ by 90′ lot listed for $284,900. In mid-2014 they bought it for $231,400.

It’s shaping up to be an interesting week with many question marks as to what Irma may bring our way. I’ll be posting updates on my Facebook page depending on how long our power lasts.  I’ll help you with any questions I can so don’t hesitate to call or text me at 850-227-5197 or send a note to sherri@sherridodsworth.com.  If you’re in the path of this storm, stay safe.  As always, thank you so much for taking time out of your busy schedules to stop by today.

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Sep 01 2017

Cape San Blas Real Estate Week in Review – Aug. 26 – Sep. 1, 2017

Published by under Cape San Blas

For Sale Sold SignAs we head into the Labor Day Weekend, summer may officially be coming to a close, but luckily buyers didn’t get that memo as they were still here snapping up great real estate deals.  After several quiet weeks, we seem to be back on track, closing four sales and adding four new contracts.  Sellers added ten new listings and and changed prices on seven others.   Our inventory stood steady at 297, closing out the week with 91 homes and 206 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 Gulf View Lot Under contract August 2017 with List Price of $550,000

The first of our four sales is a third-of-an-acre first tier, gulf view lot in Hibiscus Gulf listed for $550,000. If that seems a bit rich for a first tier, that’s because this is not your typical first tier setting. The sliver of land seaward of it is part of Rish Park, a State of Florida property, so it will never be built on, thereby affording this lot a guaranteed unobstructed gulf view. The sellers bought the “X” zone lot in late 2006 for $695,000. This pretty subdivision includes deeded gulf and bay access for all property owners, with a dock on the bay, community pool on the gulf side, and a walkover to the beach with a lovely gazebo. The new owners took title on Wednesday for $513,000.

Cape San Blas Gulf View Lot Under Contract August 2017 with List Price of $129,900

Half a mile or so down the road our second sale is a third tier, gulf view, X zone lot in Seagrass listed for $129,900. This wasn’t listed as a sort sale despite the sellers having paid $430,000 for it in early 2004; on Monday they let it go for $120,000. Seagrass is a nice beach community with deeded gulf access and a community pool. Most of the properties are X zone as well.

Cape San Blas Gulf View Condo Under Contract with List Price of $249,000

Next up is an upstairs unit in a first-tier condo quadplex with straight on views of the gulf. Built in 1984, it is 1,300 square feet with 2 bedrooms, 2 baths, and spacious open decks across the front and back, providing both gulf and bay views. The sellers bought it back in 1993 for $59,000, and had it listed for $249,000. She’s in need of some TLC at his point, but she’s a true diamond in the rough ready for a beauty makeover to return her to her former beach retreat glory. The buyer ready to take on this renovation project has been waiting patiently since July of last year to close, but had to wait out myriad probate issues in order for the sale to close. On Friday the last of the details were finally wrapped up, and he picked up the keys at closing for $215,000 cash. Once again, good things come to he who is willing to wait.

Bay Front Lot at Marnie's Island Preserve Under Contract July 2017 with List Price of $37,900

Immediately after you turn left off of Cape San Blas Road heading towards town, you pass by Marnie’s Preserve, a small gated bay-front community with an impressive bridge over the marshlands leading out to the homesites.  In mid-August, buyers had their offer accepted on this 0.15-acre bay view lot listed for $37,900. According to the MLS notes,

“Property is adjacent to dock/ canoe-kayak launch and boardwalk with the walkway to the launch on the east side of the lot. A scalloper’s and fisherman’s dream as one can walk, kayak, or canoe via one of the creeks that flow into the bay. Lot has underground power and phone. Sewer tap with stub out is paid ($5,000.00 +/-), Dock connection and proximity ($15,000.00 +/- value). Platted with recent survey on file ($750.00 value)”.

The new owner took title for $22,000.

Cape San Blas 2nd Tier Lot Under Contract August 2017 with List Prie of $189,000

Now on to our four new contracts, kicking off with this second tier, gulf view lot in The Preserve at the Cape, a new little subdivision adjacent to the north end of Seagrass. This 75′ by 112′, 0.19-acre property listed for $189,000 seemed like the perfect homesite for buyers who had their offer accepted on Monday.

Cape San Blas Bay Front Cottage Under Contract August 2017 with List Price of $374,900

Our second contract is a circa-1983 2-bedroom, 1-bath, 1,064 square-foot bay front home with dock listed for $374,900.  It’s located on a 94′ by 750′, 1.79-acre lot located 200′ north of Scallop Cove.  She’s in need of some TLC but is a great little bay retreat to feed your fishing, kayaking and scalloping habit.  The lot itself offers several investor possibilities – the first 300′ of depth from Cape San Blas Road can be used for commercial, and there’s enough density to allow for two more lots to be platted from the parent tract.

Indian Pass First Tier Lot Under Contract August 2017 with List Price of $150,000

We’re heading over to Indian Pass for our final two contracts, starting with this quarter-acre first tier lot. It was carved out from a 75′ by 562′ gulf front parcel the sellers bought it early 2015 for $285,000.  They did the minor replat, and listed the first tier portion for $150,000.

Indian Pass Lot Under Contract August 2017 with List Price of $94,500

Our fourth and final new contract is located on Oak Street in Indian Pass Beach Subdivision, a neighborhood near the east end of the peninsula platted back in 1952.  Since it was platted before the Coastal Barrier Resource Act went into effect in 1982, all of the properties here are grandfathered for FEMA flood insurance.  On Tuesday, buyers had their offer accepted on this 84′ by 114′, 0.2 acre lot listed for $94,500.  It’s not listed as a short sale even though county records indicate it last sold in early 2004 for $425,000, roughly $550,700 in 2017 inflation-adjusted dollars.

That’s a wrap for this week. If you’re browsing through listings and find some you’d like more info on I hope you’ll give me a call at at 850-227-5197 or write me at Sherri@SherriDodsworth.com. Things are moving well so if you’re considering selling, I’d love to work with you and will be glad to provide you with a comparative market analysis to help you get an idea of what your property might bring in the current market.

Have a safe and fun-filled Labor Day weekend. Hope to see you back here soon. Thanks so much for stopping by.

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Aug 29 2017

Celebrating 10 Years of Blogging

Published by under Cape San Blas

Happy_10_Year_Work_Anniversary_071

Today marks the 10-year anniversary of my first blog post. Back in August 2007 there wasn’t much real estate activity at all and I knew I had to get real creative on how to generate business without spending a lot on traditional advertising. I knew a bit about web design, have always enjoyed writing, and so Cape San Blas Blog was born. I wasn’t sure exactly what format I wanted it to take – real estate news? Local news? Market data? So I just started posting as thoughts occurred to me.  Here is the first post:

Ever wonder what’s the latest news from Cape San Blas? I know I did before I was able to move here full time in 1994.

I’ve set up this blog to be your eyes and ears on the Cape to keep you up-to-date on the latest happenings in real estate, local issues, and maybe even a smidgen of gossip from time to time. Feel free to let me know if there are specific issues you’d like me to address or if you have suggestions for improving this blog.

Enjoy!

Sherri

It eventually evolved into a weekly report which readers responded to strongly, and so I went with that.  Our inventory has certainly improved since my first weekly report when we had a total of 575 active listings in the MLS, with 209 homes and 366 lots for sale. We’ve cut that in half since then.

I’ve made so many friends through this blog and still absolutely love working on it.  I truly appreciate your taking time out of your busy schedules to read it.  So I raise a toast of gratitude to you, and embark on the next ten years.

 

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Aug 26 2017

Cape San Blas Real Estate Week in Review – August 19-25, 2017

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For Sale Sold Sign  I know two weeks does not a trend make, but we have yet another slow week, with three closings and only one new contract. Sellers added seventeen new listings and changed prices on six others. Our inventory grew by fifteen, ending the week at 297, with 87 houses and 210 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.

Cape San Blas Bay Front Lot in Hibiscus Under Contract July 2017 with List Price of $250,000

The first of our three sales is in Hibiscus Bay, where the parties shook hands on this half-acre bay font lot listed for $250,000 featuring 80′ of gorgeous waterfront. The seller is the developer who held the property in private ownership until just recently.  This attractive subdivision spans from bay to gulf, with a dock over the bay, gated gulf side homes with a community pool, and a gazebo overlooking the gulf.  Late Friday afternoon, the happy new owners took title for $240,000.

Cape San Blas Gulf Front Acreage Under Contract April 2017 with List Price of $2.3M

Nestled between Paradise Gulf and San Dunes subdivisions lies a 4.3-acre parcel of land with 210′ of gulf front spanning 893′ from the gulf back to Cape San Blas Road.   A quick check of the county records seems to indicate it has been in the family for some time as I found no significant sales date. They were asking $2.3M for it, and on Tuesday signed it over to the new owners for $1.75M.  This is the site of Monarch Beach, a newly listed subdivision we’ll talk about under new contracts.

Cape San Blas Gulf Front Home Under Contract July 2017 with List Price o $839,900

On the south side of the Cape on Crescent Palms Drive in Pine Bluff, the parties closed on this 3-bedroom, 3 1/2-bath, 2,114 square foot home listed for $839,900. It was built in 2012 on a nearly full acre lot featuring 55′ of gulf frontage. The lot alone sold in 2010 for $215,000. On Monday, the new owners picked up the keys at closing for $790,000.

 

 

Cape San Blas First Tier Lot Under Contract August 2017 with List Price of $269,000

Our sole new contract is on a first tier lot in a brand new subdivision that debuted in MLS this week. Monarch Beach has eleven lots and includes deeded gulf access for all owners. A 0.19-acre first tier lot was snapped up immediately with a list price of $269,000.

That’s a wrap for this week. I hope you’re enjoying the final few weeks of summer as we wind down from another busy tourist season here on the Cape. If you’re interested in finding out more about sales opportunities for coastal properties, call or text me at 850-227-5197 or shoot me 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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Aug 25 2017

We’re All Texans Tonight

Published by under Cape San Blas

Living in a coastal community is 99% bliss, but when hurricanes threaten life gets challenging. I’ve been listening on the internet tonight to KTRH from Houston near where the storm is coming ashore and as a fellow coastal resident with a keen feeling of “there but for the grace of God go I”, my thoughts and prayers are with the people of Galveston, Houston and all the coastal communities in harm’s way with wishes for their safety, survival, and rapid access to resources to help them restore when this storm is over.

Please remember these people in your prayers tonight.

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Aug 18 2017

Cape San Blas Real Estate Week in Review – August 12-18, 2017

Published by under Cape San Blas

For Sale and Sold After a smokin’ busy summer, area closing agents took a break this week closing zero sales. Nada. That’s a first in a long, long time. Realtors kept busy, though, writing up four new contracts, listing seven new listings, and changing prices on three others. Our inventory inched up by two, closing the week at 282, with 82 houses and 197 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. Let’s see what caught buyers’ attention.

Vill del Sol Subdivision Under Contract August 2017 with List Price of $4,399,900

Seems we’ve moved a fair number of large tracts on the Cape this past year, and the first of our four new contracts contributes to that trend.  Villa del Sol, a 21-acre subdivision on the south side of the Cape, is a remnant of the real estate boom of the early 2000’s.  The developers back then installed brick paver roads, all of the infrastructure such as water, sewer, underground electric and cable, and even pre-paid for sewer taps for all of the 48 lots.  The market crashed, and they lost it. The current owners purchased the common areas and the 43 un-sold lots in early 2013 for $1,837,500 as a distressed sale.  They put it back on the market in January this year and put it under contract Friday with a list price of $4,399,900.

Cape San Blas First Tier Gulf View Lot Under Contract August 2017 with List Price of $89,000

In nearby Pine Bluff, contract number two is on a first tier, gulf view lot listed for $89,000.   It’s conveniently located right next to the pool and the deeded gulf access walkway to the beach.  The sellers purchased the 55′ by 265′, third-of-an-acre property in 2011 for $85,000.

Gulf Front Twin Homes Under Contract August 2017 with List Price of $799,000

We’ll leave the Cape and travel east along C-30 to Gulf Pines, home to our final two contracts, the first of which is this unique gulf front property with two homes that share a common deck. Each home is about 1,650 square feet and between them have a total of six bedrooms and four baths. The circa 1983 homes last sold in September 2014 for $512,500. Since then the new owners have been busy doing serious upgrades and renovations, including new furnishings, new flooring, new appliances, countertops and fixtures, and fresh paint throughout. Outside, they added a new walkover the to beach, of which 100′ fronts this popular vacation rental. It’s listed for $799,000 and went under contract last Saturday.

Gulf Pines First Tier Lot Under Contract August 2017 with List Price of $154,900

On the corner of C-30 and Gulf Pines Drive, this fourth and final new contract is on a 90′ by 268′, half-acre first tier lot listed for $154,900. The Gulf Pines neighborhood has minimal HOA fees of just $200 per year, and is a FEMA eligible area.  If the lot looks familiar, it may be because we saw it here a mere 2 months ago when the sellers bought it for $145,000.

That does it for this week. If you’re interested in seeing what other great real estate opportunities may be out there waiting for you, please text or call me at 850-227-5197, or shoot me an email to sherri@sherridodsworth.com and I’ll be glad to help you. Until then, have a terrific week, keep cool, and thanks so much for taking time to stop by today.

 

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Aug 11 2017

Cape San Blas Real Estate Week in Review – Aug. 5-11, 2017

Published by under Cape San Blas

For Sale and SoldThe rain went away and real estate ramped up again. We had a strong week closing eight sales and adding three new contracts. Sellers added eight new listings, and changed prices on seven others.  Our inventory grew by six, closing the week at 280, with 83 homes and 197 lots listed in the Cape San Blas, Indian Pass, and C-30 Corridor MLS. Let’s see what buyers have been up to.

Cape San Blas Gulf View Townhouse Under Contract June 2017 with List Price of $277,000

We’ll launch into our review of this week’s eight sales on the north side of the Cape in Barrier Dunes where our first sale is a 2-bedroom, 2-bath, 1,184-square-foot gulf view townhouse built around 1998. The seller bought it in ’99 for $124,600 and is had it listed for $277,000.  This has been an owner-occupied home, not a vacation rental.  The new owners took title on Thursday for $261,000.

Cape San Blas First Tier Lot Under Contract July 2017 with List Price of $269,500

Our second sale is a first tier, gulf view lot on Clearwater Drive in Dolphin Beach to Bay. The sellers bought the 50′ by 80′, half-acre, “X” zone lot in 1998 for $52,500, and have it listed for $269,500.  On Wednesday the new owners paid cash for that full list price of $269,500.

Cape San Blas Gulf Front Acreage on the South Side of the Cape Under Contract with Aggregate List Prices of $950,000

The next three sales are all related having been carved from one large parcel of gulf front acreage on the south side of the Cape.  The first two have together roughly 140′ of gulf front, spanning 1559′ from the gulf to Cape San Blas Road, for a total of approximately 4.8 acres.  The investor selling them bought the parent parcel in 2013 as a short sale for $454,000. In 2003 developers had this property slated for a development to be known as Terra Sands but it never materialized, and was eventually abandoned.

2 Acres on the Gulf at Cape San Blas Under Contract June 2017 with List Price of $425,0000

This third partial parcel of the parent parcel measures roughly 60′ by 1500′, a little over 2 acres and is listed for $425,000.  The closing occurred last Friday but was entered into the MLS this week.  The buyer paid $1.15M for the three parcels with the seller providing seller financing.

Cape San Blas Home at Boardwalk Under Contract June 2016 with List Price of $380,000

The nearby community of Boardwalk is home to this recently renovated 2-bedroom, 2-bath, 1,296 square-foot vacation rental home listed for $380,000.  It features a sparkling brand new kitchen with all new cabinets and appliances, and 2 beautifully renovated baths.  This quiet community has a lovely pool overlooking the Gulf, and a wide, expansive stretch of beach. Current HOA fees are $1,060 paid annually, or only about $88 per month.  The sellers bought it in August 2003 and handed over the keys on Thursday to the happy new owner for $360,000. The buyer used conventional financing and paid for owners title insurance and closing attorney costs.

Cape San Blas Bank-Owned Gulf Front HOme Under Contract July 28 with List Price of $429,900

Our seventh sale is a bank-owned, 3-bedroom, 4-bath, 2,324 square foot gulf front home in Cape Dunes listed for $429,900.  The previous owner bought it in early 2005 for $905,000.  This time around it went for $425,000 cash.

Cape San Blas Gulf View Home Under Contract June 2017 with List Price of $649,000

Our eighth and final sale is down on the south side of the Cape where the parties closed on this 6-bedroom, 4-bath, 3,245-square-foot gulf view home in Two Palms listed for $649,000.  The home was built in 2000, and the sellers bought it in early 2015 for $499,000. They’ve done a lot of upgrades, renovations, and brought in a lot of lovely new furnishings since then.  All that hard work paid off on Friday for $18,500 with the buyers using conventional financing.

Cape San Blas Gulf Front Home with 200+ of gulf frontage under contract August 2017 with list price of $1.7M

Now on to our three new contracts starting off way up on the north end of the Cape in Secluded Dunes where sellers accepted an offer on their exquisitely designed 6-bedroom, 4-bath, 3,626 square foot gulf front home listed for $1.7M.  The contemporary beauty is situated on over 200′ of secluded gulf front property in a gated community.

Seacliffs Unit Under Contract August 2017 with List Price of $319,000

Next up, a 4-bedroom, 4 1/2-bath townhouse at nearby Seacliffs that went under contract Wednesday with a list price of $319,000. The sellers bought it in early 2013 for $220,000. The 1,944 square foot unit was built in 2001.

Barrier Dunes Single Family Homesite Under Contract August 2017 with List Price of $59,900

All of the new contract action was on the north end of the Cape this week and we’ll wrap things up at Barrier Dunes where buyers had their offer accepted on this 38′ by 42′ homesite on Lakeshore Drive listed for $59,900. The sellers bought it in 2013 for $35,000; prior to that it sold in late 2009 for $99,000.

That does it for this week. Market demand remains strong, so if you’re thinking of buying or selling, I can help. Call or text me at 850-227-5197 or send an email to sherri@sherridodsworth.com and we’ll get started. I appreciate your stopping by today and hope to hear from you soon.

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Aug 04 2017

Cape San Blas Real Estate Week in Review – Jul. 28 – Aug. 4, 2017

Published by under Cape San Blas

For Sale and Sold We had a slow week, recording just three sales and two new contracts. Sellers added eight new listings and changed prices on six others.    Our inventory inched up by one, ending the week at 274, with 86 homes and 188 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Let’s take a look at what caught buyers’ attention.

Second Tier Lot in Ovation Under Contract June 2017 with List Price of $169,000

The first of our three sales is a second tier, 50′ by 107′, 0.08-acre gulf view lot in Ovation listed for $169,000. The sellers bought the X zone lot in the summer of 2015 for $117,500, and sold it on Thursday for $155,000. Ovation is a gated community spanning from the gulf to the bay, and offers exceptional amenities such as a bay front infinity pool, tennis, exercise room, walkways out over the bay, community center, and gulf side pool.

Single Family Home Overlooking St. Joe Bay Under Contract July 2017 with List Price of $464,900

We’ll head off the Cape over onto C-30 travelling towards town, turning left into Treasure Bay, about a half a mile from Cape San Blas Road.  The first week of July buyers fell in love with this 3-bedroom, 2 1/2-bath, 2,038 square foot home tucked away on 100′ of waterfront on the south end of St. Joe Bay.  This quiet neighborhood with few rentals properties is in a FEMA eligible area. The sellers bought the lot in 1999 for $81,800, and built the home in 2006.  They were asking $464,900 for it, and signed over the title on Friday for $430,000 with the buyers using conventional financing.

We’re over on Indian Pass for our third and final sale, located near the first big bend on Indian Pass Road where buyers took title to this lovely 50′ wide gulf front parcel listed for $275,000. That would be an easy to get used to front yard view, wouldn’t it? The roughly half-acre lot last sold in mid-2007 for $535,000. The sale finally wrapped up this week with the sellers accepting $240,000 cash.

Cape San Blas Gulf View Lot Under contract August 2017 with List Price of $550,000

Now on to our two new contracts, starting off with this third-of-an-acre first tier, gulf view lot in Hibiscus Gulf listed for $550,000. If that seems a bit rich for a first tier, that’s because this is not your typical first tier setting. The sliver of land seaward of it is part of Rish Park, a State of Florida property, so it will never be built on, thereby providing this lot with a guaranteed unobstructed gulf view. The sellers bought the “X” zone lot in late 2006 for $695,000. This pretty subdivision includes deeded gulf and bay access for all property owners, with a dock on the bay, community pool on the gulf side, and a walkover to the beach with a lovely gazebo.

Cape San Blas Gulf View Lot Under Contract August 2017 with List Price of $129,900

Our other new contract is on a third tier, gulf view, X zone lost listed for $129,900. This is not listed as a sort sale despite the sellers having paid $430,000 for it in early 2004.

That does it for this week. If you’re interested in seeing what other great real estate opportunities may be out there waiting for you, please text or call me at 850-227-5197, or shoot me an email to sherri@sherridodsworth.com and I’ll be glad to help you. Until then, have a terrific week, and thanks so much for taking time to stop by today.

Comments Off on Cape San Blas Real Estate Week in Review – Jul. 28 – Aug. 4, 2017

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