Mar 23 2015

Cape San Blas Real Estate Week in Review – March 21-27, 2015

Published by under Cape San Blas

For Sale and Sold SignOur Spring Breakers aren’t just partying on the beach, they’re buying it!  We scored another banner week, closing four sales and penning nine new contracts. Sellers added six new listings, and changed the prices on seven others.  With all those new contracts, our inventory took a nice dip, shedding seven, to close the week at 237 with 81 homes and 156 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 Townhouse Under Contract March 2015 with List Price of $234,900

The first of our four sales is a gulf front townhouse in Sunrise Sunset down by the rocks at Stumphole. The sellers bought this 3-bedroom, 2 1/2-bath, 1,360 square foot home in 2001 for $171,428, put it under contract last week with an asking price of $234,900, and handed the new owners the keys at closing on Monday in exchange for $227,500 cash.

Cape San Blas First Tier Lot Under Contract March 2015 with List Price of $89,000

Our second sale takes us down to the south side of the Cape to a first tier lot measuring 105′ by 150′ with an asking price of $89,000. The sellers bought it in January 2006 for $375,000, and sold it on Friday for $75,000 cash.

Majestic Cape San Blas Gulf View Home Under Contract Jauary 2015 With List Price of $529,000

On Cape San Blas Road in nearby beautiful Two Palms our third sale is a lovely 7-bedroom, 4-bath, 3,400-square foot gulf view home built in 2000 that went under contract at the end of January with a list price of $529,000.  On Tuesday it sold for $499,000.

Indian Pass Beach Cottage Under Contract January 2015 with List Pirce of $299,000

Our fourth and final sale is at Indian Pass on Palm Street where we have this fun and funky little 2-bedroom, 2-bath, 1,168 square foot beach retreat built in 1987 that went under contract on New Years’ Eve with a list price of $299,000. With decks galore, and a large back yard, you can keep the party outside at this little cutie, and her upper decks offer great gulf views. This party at the beach sold on Tuesday for $266,000.

Cape San Blas Gulf Front Home Under Contract March 2015 with List Price of $1.35M

The first of our nine new contracts is evidence of just how much our market has recovered. This gorgeous 4-bedroom, 4-bath, 3,050 gulf front home up in Secluded Dunes with a $1.35M price tag is under contract in just a little over 4 months, and did so with multiple buyers trying to step up to the plate all at the same time. The sellers bought it at a bank sale back in September 2009 for $600,000 and have done an extensive renovation with the MLS notes details stating, “a few of the upgrades include Brazilian Walnut Floors, Travertine Marble flooring in kitchen and dining room, new Granite countertops, remote-controlled gas logs in fireplace, new dishwasher, two new air conditioners, new 24 gauge galvalume roof. Also new irrigation system and well. All new Cyprus Bahama shutters and bamboo shades are included in the sale. ” All this is nestled on 112′ of gorgeous beach front.

Cape San Blas Bay Front Home Under Contract March 2015 with List Price of $749,000 Less than a mile down the road our second new contract is on a 4-bedroom, 4-bath, 2,935 square foot home overlooking beautiful St. Joe Bay,.  This circa 1994 home comes complete with a dock and a separate apartment with efficiency kitchen, living area and bedroom located over the garage that connects to the main house. The well-equipped chef’s kitchen features bay views that provide panoramic views of the waterfront while you cook. The sellers bought it in 1999 for $335,000 and have done a lot of upgrades since then. They’re asking $749,000.

Cape San Blas Corner Lot Under Contract March 2015 with List Price of $79,000  Just north of The Tradin’ Post on the corner of Cozumel and Cape San Blas Road we have a short sale contract on a 115′ by 120′ lot listed for $79,000. This “X” zone lot last sold in mid-2005 for $420,000.

Cape San Blas 2nd Tier Lot Under Contract March 2015 with List Price of $139,000

On nearby Tobago Lane, our next contract is on a 100′ by 130′ one-third acre second tier lot listed for $139,000. I didn’t find any sales history data on this one.

Cape San Blas Gulf Front Lot with Pilings Under Contract March 2015 with List Price of $279,000

Our fifth contract is on a 50′ wide gulf front lot a bit south of Scallop Cove listed for $279,000. Someone bought it in 2005 for $1.5M and put these pilings in but never got around to building.

Cape San Blas Gulf Front Condo Under Contract March 2015 with List Price of $299,000

We travel next to the south side of the Cape at The Club at Cape San Blas, a tasteful condo complex on the beach completed around 2005.  On  Saturday, a 2-bedroom, 2-bath, 1,200 square foot gulf front unit went under contract with a list price of $299,000. It’s not listed as a short sale despite having last sold in April 2006 for $630,000.

Gulf Pines Home Under Contract March 2015 with List Price of $279,000

Our next contract takes us back off the Cape and over to Gulf Pines to this little 2-bedroom, 1,344 square foot, first tier beach cottage listed for $279,000.

Money Bayou Gulf Front Lot Under Contract March 2015 with List Price of $239,000

Over in Sweetwater Shores in Money Bayou buyers penned a deal on a 50′ by 480′ gulf front beauty listed for $239,000, less than half the $515,000 it sold for back in 2003. Money Bayou is a FEMA eligible area.

Indian Pass Gulf Front Lot Under Contract March 2015 with List Price of $299,000

Our ninth and final new contract is on yet another gulf front property, this one a 75′ wide by 552′ deep lot on Canoe Lane at Indian Pass listed for $299,000. The sellers bought it just five years ago in May 2010 for $280,000.

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 21 2015

Cape San Blas Real Estate Week in Review – March 14-20, 2015

Published by under Cape San Blas

For Sale and SoldJust another gorgeous week in paradise with warm sunny weather nudging the azaleas, wisteria and wild flowers of spring into full bloom. Our real estate market remains in full bloom as well, with eight sales and ten new contracts,  fourteen new listings and five price changes. Our inventory remains unchanged still at 244, with 85 homes and 159 lots listed in our MLS in the Cape San Blas, Indian Pass and C-30 market.

Cape San Blas Gulf View Lot Under Contract February 2015 with List Price of $195,000

Let’s begin our review of this week’s mega-crop of eight sales in Hibiscus Gulf, where our first sale is one of the developer’s few remaining lots on the gulf side of the road, an irregularly shaped quarter-acre gulf view lot that went under contract February 1 with a list price of $195,000.  On Tuesday the parties went to closing and the proud new owners picked up the title for $189,000 cash. Cape San Blas Gulf View Quadplex Home Under Contract January 2015 with List Price of $269,900

We’ll mosey on down the road about a mile and a half to Antiqua where this 3-bedroom, 2-bath circa-1985 1290 square foot gulf view “condo” (in name only) caught a couple’s attention back in January with its $269,900 price tag. The sellers purchased one of the two top floor units of this quad-plex in late 2013 for $219,000 and have renovated and decorated it very nicely.  The happy new owners picked up the keys at closing on Friday in exchange for a check for $260,000.

Cape San Blas Interior Lot Under Contract Feb. 2015 with List Price of $59,900

Down on the south side of the Cape on Sandpiper Drive in San Blas Plantation this next sale is a 132′ by 100′ foot interior lot that went under contract Feb. 25 with a list price of $59,900.  The sellers bought it in early 2004 for $190,000, and sold it on Monday for $58,000. Cape San Blas First Tier Lot Under Contract February 2015 with List Price of $170,000

A few blocks down the street in Two Palms subdivision we have a sale on a first tier one-third acre lot that was listed for $115,000, a far cry from the $170,000 it went for in mid-2000.  On Wednesday it sold for $108,500. Lot Overlooking St. Joe Bay Under Contract March 2015 with List Price of $38,500

Out along C-30 our fifth sale is a bay view, half-acre lot that went under contract last Saturday with a list price of $38,500 and on Friday the sellers picked up a check at closing for $27,000. There’s been a lot of construction along this stretch in the past few years.  These sellers have owned the property since 1990 when they purchased it for a modest $8,000.

Treasure Shores First Tier Lot Under Contract March 2015 with List Price of $110,000

For our next sale we’ll travel east along C-30 over to Treasure Shores where this 94′ by 116′, quarter-acre first tier lot went under contract three weeks ago with a list price of $110,000.  Twenty-one years ago in 1994 the sellers were able to pick it up for $18,000, and on Monday they signed the title over to the new owners for $97,500.

Second Tier Lot Near Indian Pass Under Contract March 2015 with List Price of $34,000

Over on Cottage Lane in the Cottages at Indian summer we had another quick cash sale on a second tier lot listed for $34,000 that went under contract on Saturday and closed Friday for $30,000. Last time it sold was in February 2004 when it went for $225,000. Indian Pass Gulf Front Lot Under Contract FEb. 2015 with List Price of $230,000

We’ve made it to our eighth and final sale,  a lovely 50′-wide, 1-acre lot on Indian Pass Road spanning all the way from the gulf to the lagoon listed for $230,000. The seller has owned this for a very long time so the property appraiser’s site has no sales data entered.  On Wednesday the new owner took title for $209,000 cash.

Two Cape San Blas Second Tier Lots Under Contract March 2014 with List price of $119,000

We begin our review of this week’s ten new contracts way up on the north end of the Cape in Secluded Dunes, with two lots that border the state park. This 150′ by 250′, 0.84 acre property .went under contract on Monday with a list price of $119,000. These lots sold back in October of last year when they were also listed for $119,000 and our seller got them for $100,000. Cape San Blas Gulf View Townhouse at Barrier Dunes Under Contract March 2015 with List Price of $275,000

Our second contract takes us to nearby Barrier Dunes where this 2-bedroom, 2 1/2-bath, 1,377 square townhouse went under contract on St. Patrick’s Day with a list price of $275,000. The home is overlooks a peaceful little pond on Sandpine Drive, and has surprisingly good gulf views as well. The sellers bought it in 2001 for $179,900.

Cape San Blas Gulf Front Townhouse Under Contract March 2015 with List Price of $299,999

Our third contract is another townhouse, this one a 2-bedroom, 2 1/2-bath, 1,120 square foot unit that went under contract on Thursday with a list price of $299,999. It was a bank-owned property when the sellers bought it in March 2011 for $145,000. They have since renovated and furnished it to a very nice level, and should see a bit of a profit at closing.

Cape San Blas Gulf Front Home in San Dunes Under Contrct March 2015 with List Price of $1.1M

Our fourth contract is on a 5-bedroom, 5-bath, 2,471 square foot gulf front home on Summerhouse Lane in San Dunes listed for $1.1M.  This was a shell of a home stopped in mid-construction years ago that just sort of languished on the site untended before finally ending up as a bank sale. The current owners bought it at the end of 2012 for $375,000 and have invested in finishing and furnishing the place, taking it to the lovely level at which we find it today.

Cape San Blas Gulf Front Home Under Contract March 2015 with List Price of $699,000

Buyers wanted gulf front houses this week, and no wonder as warm and beautiful as those lovely teal waters have been lately!  Contract number five is on another gulf front home just a few hundred feet south of Scallop Cove. This 4-bedroom, 4-bath, 2,344 square foot waterfront home built in 2005 went under contract on Friday with a list price of $699,000.

Cape San Blas First Tier Home Under Contract Marchc 2015 with List Price of $699,900

Just a little further south this next contract is on a 4-bedroom, 3-bath,  1,760 square foot first tier home listed for $699,900. The sellers bought it in mid-2005 for $325,000, and then did major renovations to remove the exterior stucco walls, replace windows throughout, etc. Cape San Blas Gulf Front Townhouse Under Contract March 2015 with List Price of $234,900

We have yet another townhouse under contract, this one a gulf front Sunrise-Sunset unit down by the rocks at Stumphole. The sellers bought this 3-bedroom, 2 1/2-bath, 1,360 square foot home in 2001 for $171,428, and put it under contract on Thursday with an asking price of $234,900. Cape San Blas Home in Jubilation Under Cotnract March 2015 with List Price of $549,000

We return to the south side of the Cape for our eighth new contract which is on a lovely 4-bedroom, 4-bath, 2,456 square foot vacant home listed for $549,000. It’s on a second tier “X” zone lot in Jubilation that the sellers bought undeveloped in late 2004 for $292,500. Windolf Construction built the home the following year.

Cape San Blas Bank-Owned First Tier Lot Under Contract March 2015 with List Price of $65,000

A few blocks away on Mercury Lane in nearby Surfside Estates, we have a contract on a bank-owned quarter-acre first tier lot listed for $65,000. PNC acquired it from owners who bought it back in 2004 for $345,000. Cape San Blas First Tier Home Under Contract March 2015 with List Price of $579,000

Our tenth and final new contract finds us back over in Two Palms where the owners of this lovely 4-bedroom, 4-bath, 3,789 square foot first tier home had a veritable feeding frenzy on their place last week, receiving multiple offers in rapid-fire fashion. One lucky bidder emerged victorious and was awarded the contract on Monday. This beautiful home was built in 2005 when it sold for $1,126,000.

I am out of time as I have to show property in just a short while – as gorgeous as the weather and gulf are this weekend it hardly seems fair to show people real estate as they just don’t stand a chance! We are having Florida postcard picture-perfect weather right now. Lots going on – great values to be had so if you’re thinking it’s time to make your move, give me a call at 850-227-5197 or email to sherri@sherridodsworth.com . Wishing you a fantastic first weekend of Spring! I so appreciate your taking time out of it to stop by today.

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Mar 14 2015

Cape San Blas Real Estate Week in Review – March 7-13, 2015

Published by under Cape San Blas

For Sale Sold SignSpring has sprung and we have a market rally in full bloom.  What a week!  We closed a whopping eleven sales, wrote up seven new contracts, added eleven new listings and changed prices on three others. With the new listings replacing the solds, our inventory remained essentially unchanged, adding just one, closing the week at 244, with 86 homes and 158 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market MLS.  Grab a fresh cuppa Joe or your favorite adult beverage, depending on what time of day you’re reading, get comfortable, and let’s get rolling.

Cape San Blas Bay View Lot Under Contract January 2015 with List Price of $59,900

We’ll begin our review of this week’s mega-pack of eleven sales with an irregularly shaped 0.59-acre interior lot on Spinnaker Way just one block south of Coneheads Restaurant.  The sellers purchased the larger parent tract in August 2012 for $115,000, did a minor replat to subdivide it, and then put this one on the market last June for $69,900. In January they dropped the price to $59,900, got it under contract shortly there after, and this week settled for $47,000 .

Cape San Blas First Tier Lot Under Contract March 2015 with List Price of $187,000

Our next sale is just a few blocks further south, a quarter-acre first tier lot on White Sands Drive in San Blas Shores, one of the original subdivisions on the Cape, situated on the gulf just north of Ovation. The owners bought this lot last February for $225,000, put it under contract last week with an asking price of $187,000, and closed several days later for $187,000 cash.

First Tier Lot at Ovation at Cape San Blas Under Contract Feb. 2015 with List Price of $155,000

Next door on the gulf side of Ovation buyers jumped on this first tier 0.11 acre lot measuring 66′ by 82′ listed for $155,000. Interesting note here is that the lot was listed for $149,900 but increased to $155,000 in mid-February, and within two days it went under contract. The parties closed on Monday for $149,500. Hard to believe, but back in September of 2005 it went for $775,000.

Cape San Blas First Tier Lot Under Contract Feb. 2015 with List Price of $169,000

Our next sale is in Paradise Gulf on Westwind Drive where this 83′ by 190′, one-third acre, X-zone lot went under contract in early February with a list price of $169,000. The sellers bought it in December 2011 for $85,000, and sold it on Wednesday for $156,000.

Lot Fronting St. Joe Bay Under Contract Feb. 2015 with List Price of $129,900

We’ travel off of the Cape over to this bay front lot on Sandbar Drive in Treasure Bay for our next sale. The sellers bought this beauty way back in 1994 for $30,000 and put it under contract this week sporting a $129,900 price tag, and picked up a check for $115,000 at closing on Thursday.

Bank-Owned Gulf Front Home in Gulf Pines Under Contract December 2014 with List Price of $424,900

Our next sale us over to Gulf Pines where this bank-owned 3-bedroom, 2-bath, 2,050 square foot gulf front home went under contract the first week of February with a list price of $424,900.  Built in 1986, it is in need of some TLC and updating, and is being sold As Is. Even so, it closed on Thursday above list price with the sellers turning over the keys at closing for $436,900.

Home on C-30 Under Contract February 2015 with List Price of $379,000

Sale number seven is located out on C-30, in Treasure Shores subdivision, about two miles east of the turn off from Cape San Blas Road. The sellers bought the lot alone for $280,000 in late 2004 and built the 3-bedroom, 2-bath, 2,057-square foot home the following year.   They went under contract the first week of February with a list price $379,000, and settled for $350,000 cash at closing on Tuesday.

Bank-Owned Lagoon Front Lot Under Contract January 2015 with List Price of $30,000

We’ll continue heading east along C-30 about a mile or so past the Indian Pass Raw Bar until we reach this bank-owned 1,3 acre lagoon front lot with 101′ of waterfront. The previous owners bought it in 2000 for $49,000, or $67,363 today in inflation-adjusted dollars. The bank had it listed for $29,000, and signed over the title on Friday for $28,000 cash.

Bank-Owned Gulf Front Lot at Indian Pass Under Contract Feb. 2015 with List Price of $215,900

Now let’s turn around and head on over to the Indian Pass peninsula where there was plenty of action this week, with our final three sales all being relatively close together over there. First up is this bank-owned 75′ wide gulf front lot on Canoe Lane listed for $215,900. It went under contract in early February and closed on Monday for $192,000. For some reason the property appraiser’s website lists no sales history on this parcel.

Indian Pass First Tier Lot Under Contract FEb. 2015 with List Price of $85,000

Just several hundred feet east on Indian Pass Road our next sale is a quarter-acre first tier lot under contract since February 13 with a list price $85,000. The owner cleared it and installed a septic system in 2010 when he bought the property for $50,000. On Thursday the parties closed for full list price of $85,000.

Indian Pass Gulf Front Home Under Contract January 2015 with List Price of $549,000

Our last sale is just a few hundred feet further down Indian Pass Road; buyers snapped up this 3-bedroom, 2-bath, 1,670 square foot home built in 1992 situated on a 100′ wide, 1+ acre lot, listed with an asking price of $549,000. The sellers bought the home in August 2011 for $510,000, and turned over the keys to the happy new owners this week for$535,000 cash.

5+ Acre Bay Front Parcel Under Contract July 2014 with List Price of $415,000

We begin our review of this week’s seven new contracts with an exceedingly rare gem – a 5+ acre tract of land on the Cape with 433′ of frontage on the bay.  BONUS – it’s also adjacent to St. Joe Peninsula State Park, has a sandy white beach, and decent water depth. The sellers recently reduced the price to $399,000 and on Monday we were able to negotiate a contract.

Cape San Blas Bay View Lot Under Contract March 2015 with List Price of $39,000

About two miles south on Eastwind Drive in Paradise Bay our second contract is on a 100′ by 191′, 0.44 acre bay view lot listed for $39,000. The seller is one of the original developers of the subdivision and has owned the property since 1992.

Bank-Owned Cape San Blas First Tier Lot Under Contract March 2015 with List Price of $70,000

Down by the rocks at Stumphole in Cape Isle Preserve buyers penned a contract on a bank-owned first tier lot listed for $70,000.

Cape San Blas First Tier Lot Under Contract March 2015 with List Price of $89,000

Contract number four takes us down to the south side of the Cape to another first tier lot, this one a third of an acre measuring 105′ by 150′ with an asking price of $89,000. The sellers bought it in January 2006 for $375,000.

Cape San Blas Home Under Contract March 2015 with List Price of $479,000

In nearby Boardwalk, buyers pounced on this inviting gulf view home the minute it came on the market.  This charming 3-bedroom, 2-bath, 1,656 square foot home was built in 1990. The sellers bought it in 2002 for $200,000, and have renovated and upgraded it very nicely since then.

South Gulf County Bay Front Home Under Contract March 2015 with List Price of $699,000

We’re back out along C-30 again, this time heading in the direction of Port St. Joe, stopping just this side of the St. Joe Bay Buffer Preserve at this stately 3-bedroom, 3-bath, 3,310 square foot bay front home listed for $699,000. It’s situated on more than an acre of land, with 101′ of waterfront.  The home has Australian cypress floors, a gourmet chef’s kitchen and an out-door kitchen, home theatre room with 60′ television, hot tub overlooking the bay, and a full house generator.

Indian Pass Area Gulf Front Townhouse Under Contract March 2015 with List Price of $259,000

Circling back on C-30 in the direction of Indian Pass, we sample the opposite extreme, a 2-bedroom, 2-bath, simple 1,200 square foot circa 1984 gulf front townhouse listed just last week for $259,000.  The sellers bought it in 2001 for $195,000.

We made it! That was a lot of action for just one week. This rapid pace is showing no signs of letting up.  Demand is strong and competition for properties is stiff, so if you’re thinking of buying or selling, call me: 850-227-5197. I’m encountering more and more situations of multiple offers on properties. Either way, I hope to hear from you soon. Have a great week, and thanks so much for taking time out of your busy schedule to stop by today.

 

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Mar 07 2015

Cape San Blas Real Estate Week in Review – Feb. 28-Mar. 6, 2015

Published by under Cape San Blas

For Sale and Sold SignAnd the beat goes on. March rolls in with a roar as our market continues to soar, with five sales and six new contracts. Sellers added twelve new listings and changed prices on four others.  With all those new listings its little wonder our inventory grew by six, ending the week at 243, with 86 homes and 157 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.

Cape Can Blas Cottage Under Contract with List Price of $179,000 Feb. 2015

The first of our five sales is on Jamaica Drive next to The Tradin’ Post, where we have a small parcel with two 1-bedroom, 1-bath circa-1992 mobile homes listed with an aggregate price of $179,000. They went under contract two weeks ago.  Two years ago they sold for $109,000, and on Friday they went for $154,000.

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

Our second sale is on Cozumel Drive just a little south of the The Tradin’ Post. In mid-January buyers submitted an accepted contract on this 115′ by 120′ one-third acre “X” zone gulf view lot listed for $79,900. The sellers have owned it since 1998 when they bought it for $25,000, and on Monday they signed over the title for $75,000.

Cape San Blas Bay View Lot Under Contract February 2015 with Lost Price of $89,000

Down the road about a mile and several hundred feet south of Scallop Cove we have a bay view lot on Cape San Blas Road that went under contract two weeks ago with a list price of $89,000. This half-acre “X” zone lot shares a fine community dock with several surrounding properties.  The sellers bought the lot in the summer of 2010 for $72,000 and sold it Wednesday for $80,000.

Cape San Blas Gulf Front RV Site Under Contract Jan. 2015 with List Price of $149,000

Down near the rocks at Stumphole is where we’ll find our fourth sale, a 56′ wide gulf front lot outfitted for an RV with power, water and sewer all up and running. The owners bought it just last February for $80,000, put it under contract the first week of January with an asking price of $149,000, and handed over the keys to Margaritaville to the new owners on Tuesday for $130,000 cash.

Bank-Owned Indian Pass First Tier Lot Under Contract Feb. 2015 with List Price of $79,900

We’ll leave the Cape and head on over to Canoe Lane in Indian Pass where we have a bank-owned quarter-acre lot under contract since early last month with a list price of $79,900. It last sold in January 2006 for $400,000, just a bit above the $69,000 it went for on Tuesday.

Cape San Blas First Tier Lot Under Contract March 2015 with List Price of $187,000

So on we go to our six new contracts, beginning with this quarter-acre first tier lot on White Sands Drive in San Blas Shores, one of the original subdivisions on the Cape. It’s situated on the gulf just north of Ovation. The owners bought this lot last February for $225,000, and have it under contract with an asking price of $187,000.

Cape San Blas Gulf View Lot Under Contract March 2015 with List Price of $79,000

Next up is a gulf view quarter-acre “X” zone lot on Tampico Lane overlooking Cape Shoals under contract with a list price of $79,000. From what I can glean from public records the seller’s family is the developer of this community and so has owned it for quite some time.

Bank-Owned Cape San Blas Gulf Front Home Under Contract March 2015 with List Price of $243,800

Our third new contract is on a bank-owned gulf front 3-bedroom, 3-bath, 1,440 square foot home built in 1992 that last sold in mid-2005 for $550,000. The bank put it up for auction with an enticing list price of $243,800, a price low enough to surely attract some seriously competitive bidding. It will be interesting to see how high the winning bid went.

Interior Lot at Jubilation at Cape San Blas Under Contract March 2015 with List Price of $50,000

Our fourth new contract takes us down to the south side of the Cape to Jubilation where we have a 53′ by 70′ interior lot under contract with a list price of $50,000. Eleven years ago in late 2004 it fetched $360,000.

First Tier House at Treasure Shores Under Contract March 2015 with List Price of $399,000

We’re out along C-30 heading east towards Indian Pass Raw Bar to Treasure Shores to our next contract which is on a 3-bedroom, 2 1/2-bath, 1,456 square-foot first tier home that went under contract on Thursday with a list price of $399,000. The sellers bought it new in 1999 for $217,000.

Treasure Shores First Tier Lot Under Contract March 2015 with List Price of $110,000

Our sixth and final new contract is also in Treasure Shores. It’s a 94′ by 116′, quarter-acre first tier lot listed for $110,000.  Twenty-one years ago in 1994 the sellers were able to pick it up for $18,000.

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 them. Thanks so much for taking time to stop by today and hope to hear from you soon.

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Feb 28 2015

Cape San Blas Real Estate Week in Review – Feb. 21-27, 2015

Published by under Cape San Blas

For Sale Sold SignI saw in the morning news an article saying many areas of the country have recorded their coldest month of February ever – not here!  We wrap up the month with a roaring market smokin’ hot.  We closed nine sales and wrote up six more contracts. Sellers added three new listings and changed prices on     three others.  Our inventory shed two, closing the week at 237, with 80 homes and 157 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.  We have a lot of territory to cover today, so let’s get right to it.

Cape San Blas First Tier Lot Under contract Feb. 2015 with List Price of $119,900

The first of our crop of nine sales is on Seahorse Lane in Feather Sound; it’s a quarter-acre first tier lot under contract with a list price of $119,900. In 2001 the sellers paid $103,500 for it, which, in inflation-adjusted dollars, is the equivalent of $138,430. On Friday they sold it for $112,500.

Cape San Blas Gulf View Home Under Contract January 2015 with List Price of $399,900

Our second sale is about a half mile further south where we find this 3-bedroom, 3-bath, 1,958 square foot gulf view home “X” flood zone home on Cape San Blas Road under contract since mid-January with a list price of $399,900. The Sellers bought it in late 2009 for $410,000, and turned over the keys at closing on Monday for $365,000.

Two Bank-Owned Interior Lots at South Beach Under Contract Feb. 2015

We’ll travel down to the south side of the Cape to Southbeach, where our next two sales are contiguous bank-owned lots on Mariner Lane. One was listed for $76,900 and the other for $74,000. In 2002 and 2004 respectively, they sold for $103,000 and $189,000, and on Friday they went for $50,000 each.

Cape San Blas Gulf Front Condo Under Contract Jan. 2015 with List Price of $274,000

There are only a few actual condos on the Cape and one of them is The Dunes Club, where we have this 3-bedroom, 2-bath, 1,176 square foot unit that went under contract the first week of January with a list price of $274,000.  The sellers bought it for $551,700 in mid-2005, and sold it on Wednesday for $255,000.

Cape San Blas Bay View Lot Under Contract February 2015 with Lost Price of $89,000

We’re leaving the Cape heading east along C-30 to Gulf Pines to this 76′-wide gulf front lot that went under contract just last week with a list price of $395,000.  The sellers have owned it since 1984 when they picked it up for a mere $35,000.  On Thursday they shifted that decimal, selling it for $350,000.

Lagoon Front Lot Overlooking Indian Pass Sold Feb. 2015 for $39,000

Continuing east along C-30 a couple of miles we have an 80′ by 421′, three-quarters of an acre lagoon front lot listed for $39,900 and sold for $39,000 with seller financing.

Two-Acre Lot on C-30 Corridor Under Contract January 2015 with List Price of $80,000

Not far away on the other side of C-30, buyers penned a contract last month on this 2.32-acre parcel on the north side of the road with 200′ of road frontage. The seller has owned it for a very long time, and had it listed for $80,000.  A lucky young buyer was able to buy it on Friday for $45,000.

Our ninth and final sale finds us out along the quiet stretch of beach at Indian Pass in a little community called The Reservation. Here we have a 50′ wide by 320-foot deep, one-third acre gulf front lot under contract since early January with a list price of $169,900. It wasn’t listed as a short sale even though county  records indicate it last sold in mid-2005 for $825,000. On Friday it closed for $169,000.

Cape San Blas Townhouse Under Contract Feb. 2015 with List Price of $199,500

Now on to our six new contracts beginning as we so often do on the north end of the Cape in Barrier Dunes where this 2-bedroom, 2-bath, 1,377-square foot interior townhouse on Parkview Court listed for $199,000. The sellers bought it from the developer shortly after it was built in 2004 for $199,500.

Cape San Blas Gulf View HOme Under Contract Feb. 2015 with List Price of $699,000

About a mile down the road in on White Sands Drive in San Blas Shores our second contract is on a 4-bedroom, 4-bath, 2,176-square foot first tier home listed for $699,000. The sellers bought it in late 2009 for $515,000.  This handsome home has great gulf views and an in-ground pool, both of which are apparently very popular with vacation guests, as last year it grossed $96,125 in rental income.

Cape San Blas Bay Front Fixer Upper Under Contract Feb. 2015 with List Price of $249,000

Cape Breezes is just on the other side of Ovation from San Blas Shores and it’s here we have a bay front fixer-upper under contract with a list price of $249,000. This 3-bedroom, 2-bath, 989-square foot cottage was built in 1984 and is being sold As Is.  She has great bay views, but needs a good deal of TLC at this point.

Cape San Blas Gulf Frnot Townhouse Under Contract Feb. 2015 with List Price of $279,900

Our fourth new contract is down near the rocks at Stumphole. Buyers negotiated a deal on this 3-bedroom, 2 1/2-bath, 1,360-square foot gulf front townhouse also listed “As Is”.  The sellers paid $280,000 for it in mid-2007, did what was described as a “down to the studs renovation”, yet have it under contract with a list price of $279,900.

Cape San Blas Interior Lot Under Contract Feb. 2015 with List Price of $59,900

Back down on the south side of the Cape this time on Sandpiper Drive in San Blas Plantation we have a contract on a 132′ by 100′ foot interior lot under contract with a list price of $59,900.  The sellers bought it in early 2004 for $190,000.

Lot Fronting St. Joe Bay Under Contract Feb. 2015 with List Price of $129,900

Our sixth and final contract is on a bay front lot on Sandbar Drive in Treasure Bay. The sellers bought it way back in 1994 for $30,000 and put it under contract on Friday sporting a $129,900 price tag.

That does it for today. Can you believe how much property is moving even in the dead of winter? Pretty amazing. As I said last week, our inventory is low and demand is high, so if you’re considering selling, call me.  I’ll do a Comparative Market Analysis for you, no charge, no obligation, so you can have a good idea of what your property is likely to bring in today’s market. You can always reach me at 850-227-5197 or sherri@sherridodsworth.com.  Whether you’re buying or selling, I hope to hear from you soon, and thank you so much for taking time out of your schedule to stop by today.

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Feb 21 2015

Cape San Blas Real Estate Week in Review – Feb. 14-20, 2015

Published by under Cape San Blas

For Sale Sold SignWhile most of the eastern half of the country was buried under drifting snow and record cold temps, our brief little nip of winter bottomed out around 30 for a few hours, and good old Florida sunshine had us back up around 60 in no time.  A lot of people wanted to stake their claim on a warm retreat with buyers closing on four properties and securing contracts on seven others. Sellers added twelve new listings and changed prices on seven others, five of which were price increases!  Our inventory inched back up by three, closing out the week at 239, with 83 homes and 156 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.

Cape San Blas Interior Lot at Park Point Under Contract January 2015 with List Price of $39,000

To begin our review of this week’s four sales, we’ll start off up on the north end of the Cape in Park Point, a roughly 12-year old  subdivision adjacent to the state park. The owners of this 69′ by 120′, quarter-acre corner lot listed it for $39,000 on Sunday, January 24th, and had it under contract by the following Friday.  They bought it in mid-2013 for $25,000, and sold it on Wednesday for $28,000 cash.  Back in 2003 the developer got $280,000 for it.

Cape San Blas Road Front Lot Sold February 2015 for $60,000

About two miles down the road in Hibiscus Bay our third sale is a roughly half-acre lot fronting both Cape San Blas Road to the front and a fish-stocked pond to the back. The parties went under contract at the end of January with a list price of $60,000 and closed on Wednesday at full price.

Cape San Blas Interior Lot Under Contract January 2015 with List Price of $45,000

In nearby Paradise Bay, the parties negotiated a contract two weeks ago on a roughly one-third acre interior lot measuring 83′ by 190′ and listed for $45,000. The lots in this community share deeded gulf and bay access with the owners of Paradise Gulf across the street.The sellers bought it in 2001 for $39,900, the inflation-adjusted value of which would be $52,730 in today’s dollars. On Monday they signed over title to the new owners for $35,000 cash.

Cape San Blas Gulf Front Condo Under Contract Janauary 2015 With List Price of $379,000

Our fourth and final sale takes us to the south side of the Cape to one of the few condominiums in our area, The Club at Cape San Blas. Buyers were sold on this 3-bedroom, 2-bath, 1,415 square foot unit listed for $379,000.  This top floor home last sold in late 2008 for $450,000, and closed on Friday for $365,500.

Cape San Blas Gulf View Duplex Under Contract February 2015 with List Price of $215,000

Now on to our seven new contracts, beginning mid-way down the Cape peninsula on Aruba Lane in Cape Sands Landing where this 1,600 square foot, 2-bedroom, 2-bath, duplex half went under contract on Thursday with a list price of $215,000.  This circa-1985 “X” zone gulf view home last sold in early 2004 for $275,000.

A short stroll down the beach takes us to this lovely 4-bedroom, 4 1/2-bath, 2,657 square foot gulf front home in Turtle Dunes went under contract on Friday with a list price of $789,900. The sellers paid $790,000 for it in late 2009.

Cape San Blas Bay View Lot Under Contract February 2015 with Lost Price of $89,000

Not far from Scallop Cove we have a bay view lot on Cape San Blas Road under contract with a list price of $89,000. This half-acre “X” zone lot shares a very nicely built community dock with several surrounding properties.  The sellers bought the lot in the summer of 2010 for $72,000.

Cape San Blas First Tier Lot Under Contract February 2015 with List Price of $170,000

Down on the south side of the Cape in Two Palms subdivision we have a first tier one-third acre lot listed for $115,000, a far cry from the $170,000 it went for in mid-2000.

Cape San Blas Bay View Lot Under Contract February 2015 with Lost Price of $89,000

We’re leaving the Cape for the first time today heading east along C-30 to Gulf Pines where we have a 76′-wide gulf front lot under contract with a list price of $395,000.  The sellers have owned this one since 1984 when they picked it up for a mere $35,000.

Lagoon Front Home at Indian Pass Under Contract February 2015 with List Price of $599,900

Our last two contracts are on Indian Pass beginning with this lagoon-front home overlooking the Gulf of Mexico from high atop a lovely bluff.  This 3-bedroom, 3 1/2-bath, 2,076 square foot home was built in 2009. On Thursday, it went under contract with a list price of $599,900.

Cape San Blas Interior Lot Under Contract January 2015 with List Price of $45,000

Our seventh and final contract is on a funky little first tier home in Indian Pass Beach subdivision.  This 3-bedroom, 2-bath, 1,000 square foot “X” zone home was built in 1993.  The sellers bought it in 2006 for $450,000, and put it under contract on Valentine’s Day with a list price of $349,000.

That’s a wrap for today. Hard to believe all this activity in late February. I guess no one got the memo this is supposed to be a slow time of year!  We need inventory. If you’re toying with the idea of selling, CALL ME! 850-227-5197 puts you through to my cell.  Properties are definitely moving and prices are rising. Hope to hear from you soon. I really appreciate your taking time to stop by today. Have a great week, and look forward to seeing you back next week.

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Feb 21 2015

Another Awesome Week!

Published by under Cape San Blas

Old Man Winter couldn’t scare buyers away this week as we turned in another strong showing. Lots going on so I will be posting Sunday morning. Please be sure to check back for the full scoop.

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Feb 13 2015

Cape San Blas Real Estate Week in Review – Feb. 7-13, 2015

Published by under Cape San Blas

For Sale and SoldWhen I first moved here in 1994, January and February used to be such quiet months around the Cape that the two stores would take turns closing for a couple of weeks each year.  How times change. Maybe it’s because so much of the northeast is experiencing uber-winter weather this winter that they’re fleeing to our warm, sunny coastlines, because we are as busy this month as we typically are in the height of the summer season.  The weather may be cool, but our real estate market is sizzling hot.  This week we closed two sales, and wrote up a whopping eleven new contracts. Sellers added eight new listings and changed prices on nine others. Our inventory took a nice little dip, shedding 13 to end the week at 236, with 79 homes and 157 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor market MLS.  Lots to see today so let’s get right to it.

Cape San Blas Gulf Front Lot in Jubilation Under Contract January 2015 with Asking Price of $450,000

We’re travelling down to the south side of the Cape to Jubilation for the first of our two sales which is on a 52′ wide, 1.14-acre gulf front lot that wasn’t listed in the MLS but the owners and a Realtor with buyers have been working for the past year trying to work out a deal. They finally reached an  agreement with the seller asking for and the buyer agreeing to $450,000, and on Monday they went to closing.

Gulf Pines Gulf Front Home Under Contract January 2015 with List Price of $599,000

Our second sale is a circa-1982 3-bedroom, 3-bath, 1,222 square foot beach cottage nestled on a 100′ wide gulf front lot in Gulf Pines listed for $599,000. The sellers bought the home in early 2008 for $580,000, and sold it on Tuesday for $560,000.  Gulf Pines is a FEMA flood insurance eligible area.

Bay View House at Cape San Blas Under Contract Feb. 2015 with List Price of $625,000

Now on to our eleven new contracts starting with two written on Ovation properties, beginning with this newly built 5-bedroom, 3 1/2-bath, 2,278 square foot bay view home listed for $625,000. Construction finished up in May 2014 and it has been on a rental program since then.

First Tier Lot at Ovation at Cape San Blas Under Contract Feb. 2015 with List Price of $155,000

Over on the gulf side of Ovation buyers jumped on this first tier 0.11 acre lot measuring 66′ by 82′ listed for $155,000. Interesting note here is that the lot was listed for $149,900 but increased to $155,000 on Wednesday, and within two days after that it went under contract.  Hard to believe, but back in September of 2005 it went for $775,000.

Cape San Blas First Tier Lot Under Contract Feb. 2015 with List Price of $169,000

Contract number three is in Paradise Gulf on Westwind Drive where this 83′ by 190′, one-third acre, X-zone lot went under contract on Friday with a list price of $169,000. The sellers bought it in December 2011 for $85,000.

Cape San Blas First Tier Lot Under contract Feb. 2015 with List Price of $119,900

A few blocks further south on Seahorse Lane in Feather Sound our next contract is on a quarter-acre first tier lot listed for $119,900. In 2001 the sellers paid $103,500 for it, which, in inflation-adjusted dollars, is the equivalent of $138,430.

Cape Can Blas Cottage Under Contract with List Price of $179,000 Feb. 2015

On Jamaica Drive next to The Tradin’ Post, we have a contract on a small parcel with two 1-bedroom, 1-bath circa-1992 mobile homes listed with an aggregate price of $179,000. Two years ago they sold for $109,000.

Two Bank-Owned Interior Lots at South Beach Under Contract Feb. 2015

We’ll travel down to the south side of the Cape to Southbeach, where our next two contracts are on two contiguous bank-owned lots on Mariner Lane. One is listed for $76,900 and the other for $74,000. In 2002 and 2004 respectively, they sold for $103,000 and $189,000.

Bank-Owned Gulf Front Lot at Indian Pass Under Contract Feb. 2015 with List Price of $215,900

Lots of action over on Indian Pass this week, with our final four contracts all being relatively close together over there. First up is this bank-owned 75′ wide gulf front lot on Canoe Lane listed for $215,900. For some reason the property appraiser’s website lists no sales history on this parcel.

Bank-Owned Indian Pass First Tier Lot Under Contract Feb. 2015 with List Price of $79,900

Also on Canoe Lane we have another Bank-owned lot under contract, this one a quarter-acre lot listed for $79,900. It last sold in January 2006 for $400,000.

Indian Pass First Tier Lot Under Contract FEb. 2015 with List Price of $85,000

Just several hundred feet east on Indian Pass Road our tenth contract is on a quarter-acre first tier lot listed for $85,000. The owner cleared it and installed a septic system in 2010 when he bought the property for $50,000.

Indian Pass Gulf Front Lot Under Contract FEb. 2015 with List Price of $230,000

We’ve made it to our eleventh and final new contract which is on a lovely 50′-wide, 1-acre lot on Indian Pass Road spanning all the way from the gulf to the lagoon listed for $230,000.

And that’s a wrap for this week. Can you believe all this activity in February? If you’ve been to the Cape recently you’ve no doubt also noted all the new homes under construction. Pretty impressive. Our sales inventory has come way down, and with demand being what it is, if you’ve been toying with the idea of selling, now is a good time, so call or text me at 850-227-5197 or get in touch at sherri@sherridodsworth.com and let’s talk.  Have a great week, stay warm, and I hope to see you back here again real soon.  Thanks so much for stopping by.

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Feb 06 2015

Cape San Blas Real Estate Week in Review – Jan. 24-Feb. 6, 2015

Published by under Cape San Blas

For Sale and SoldIt has been a rare week that I’ve missed posting my updates since I started doing these reviews back in 2007, but every now and then the “To Do” list is longer than the hours in the day and something’s gotta give.  I apologize for not getting it updated last weekend as promised, but offer this olive branch by submitting a two-week review to bring you completely up-to-date. Since last we met, we Realtors have been busy, closing four sales and writing up an impressive eighteen new contracts Sellers added twelve new listings, and changed prices on two others. With all that activity, our inventory took a 3% dip, shedding eight, closing the week at 249, with 80 homes and 169 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.  We have a lot of territory to cover today, so sit back and get comfortable, and let’s get rolling.

Bank-Owned Barrier Dunes Gulf Front Unit Under Contract Dec. 2014 with Auction Offering Price of $219,000

Our review of the four sales in the past two weeks begins with a bank-owned gulf front Barrier Dunes townhouse that went up for auction bidding between November 29 and December 3.   This 2-bedroom, 2 1/2 bath townhouse appears to be in good repair on the inside but the spacious decks overlooking the gulf are in serious need of repair and/or replacement according to an inspection report. The list price was $219,600, and the winning bid went to $378,500.   After the buyer paid all of his auction-related expenses, the total price came in at $397,425.  The last time it sold in early 2006 it went for $580,000.

For Sale and SoldThe buyers were back in force this week and we had banner activity!  My schedule has been full so I will be posting on Sunday. Lots going on - please be sure to check back.

Less than a mile south of Barrier Dunes in San Blas Shores, buyers submitted an offer on this 4-bedroom, 3 1/2-bath, 1,909-square foot interior home marketed as For Sale By Owner. The seller  paid $29,5000 for the vacant lot in $98,000, and was asking $398,000 for the home.  A Realtor brought buyers who offered $360,000, the seller agreed, and off they went to closing.

Cape San Blas Gulf Front Lot Under Contract December 2014 with LIst Price of $285,000

Our third sale is down on the south side of the Cape just past Villa del Sol.  It’s  a 50′ wide by 1,138′, 1.3-acre gulf front lot under contract since around Christmas with a list price of $285,000.  The sellers bought it in October 2012 for $215,000, and sold it this week for $245,000.

Indian Pass Gulf Front Lot Under Contract Jan. 2015 with List Price of $425,000

We’ll leave the Cape to visit our fourth sale, this 101′ wide gulf front lot over on Indian Pass. This 1.55 acre beauty was listed for $425,000 which includes a vintage 3-bedroom mobile home circa 1990.  On Tuesday it all sold for $400,000.

Cape San Blas Interior Lot at Park Point Under Contract January 2015 with List Price of $39,000

To begin our marathon review of eighteen new contracts we’ll start way up on the north end of the Cape in Park Point, a subdivision adjacent to the state park that is about 12 years old. The owners of this 69′ by 120′, quarter-acre corner lot listed it for $39,000 on Sunday, the 24th, and had it under contract by the following Friday.  They bought it in mid-2013 for $25,000, a pretty good deal considering back in 2003 the developer originally sold it for $280,000.

Cape San Blas Gulf View Townhouse at Seacliffs Under Contract February 2015 with List Price of $269,900

Just around the corner from Park Point is Seacliffs, a townhome and condo community on the gulf and home to our next contract which is on a 4-bedroom, 4 1/2-bath, 1,974 square foot gulf view townhouse. The sellers bought it in July 2007 for $529,000, and put it under contract on Friday with a list price of $269,900.

Cape San Blas Bay View Lot Under Contract January 2015 with List Price of $59,900

Next up is an irregularly shaped 0.59-acre interior lot on Spinnaker Way just one block south of Coneheads Restaurant.  The sellers purchased the larger parent tract in August 2012 for $115,000, did a minor replat to subdivide it, and then put this one on the market for $59,900.

Cape San Blas Gulf View Lot Under Contract February 2015 with List Price of $195,000

In Hibiscus Gulf, buyers penned a contract on one of the developer’s remaining lots on the gulf side of the road, an irregularly shaped quarter-acre gulf view lot listed for $195,000.

Cape San Blas Interior Lot Under Contract January 2015 with List Price of $45,000

In nearby Paradise Bay, the parties negotiated a contract on a roughly one-third acre interior lot measuring 83′ by 190′ and listed for $45,000. The sellers bought it in 2001 for $39,900, the inflation-adjusted value of which would be $52,730 in today’s dollars. The lots in this community share deeded gulf and bay access with the owners of Paradise Gulf across the street.

Cape San Blas First Tier Lot Under Contract February 2015 with List Price of $350,000

Seagrass is a pleasant little subdivision of attractive beach homes about half way between Cape Palms Park and the Tradin’ Post. There have been permitting issues with the gulf front lots in the past, so the first tier lots fetch quite a nice premium. This next contract is on a 46′ by 202′ first tier with some “X” zone under contract with a list price of $350,000.

Cape San Blas Gulf View Quadplex Home Under Contract January 2015 with List Price of $269,900

On down the road to Antiqua to this 3-bedroom, 2-bath circa-1985 1290 square foot gulf view “condo” (in name only) which caught a couple’s attention with its $269,900 price tag. The sellers purchased one of the two top floor units of this quad-plex in late 2013 for $219,000 and have renovated and decorated it very nicely.

Cape San Blas Gulf Front Lot in Jubilation Under Contract January 2015 with Asking Price of $450,000

We’re travelling down to the south side of the Cape to Jubilation for our next contract which is on a 52′ wide, 1.14-acre gulf front lot that wasn’t listed in the MLS but the owners and a Realtor with buyers have been working for the past year trying to work out a deal. They finally reached an  agreement with the seller asking for $450,000.

Cape San Blas Interior Home Under Contract February 2015 with List Price of $349,900

Our next contract is in nearby Piney Woods where this 4-bedroom, 3 1/2-bath, 1,800 square foot interior home built just last year on McCosh Mill Road went under contract with a list price of $349,900. The sellers purchased the lot alone in mid-2005 for $399,000.

Cape San Blas Gulf Front Condo Under Contract February 2015 with LIst Price of $379,000

We have another condo under contract, this one on the south side of the Cape in the Club at Cape an Blas where this 3-bedroom, 2-bath, 1,415 square foot top floor gulf front unit built in 2006 went under contract on Monday with a list price of $379,000. The sellers bought it back in the summer of 2008 for $450,000.

Cape San Blas Gulf View Home Under Contract February 2015 with List Price of $268,000

Not far away is Cape Dunes, one of the original communities on the Cape platted in the early ’80’s.  A family looking for a private beach retreat thought this extremely well-maintained private second home was a perfect fit for them. This 2-bedroom, 2 1/2-bath, 1,740 square foot home was built in 1984 and is listed for $268,000.

Majestic Cape San Blas Gulf View Home Under Contract Jauary 2015 With List Price of $529,000

On Cape San Blas Road in nearby beautiful Two Palms this next contract is on a lovely 7-bedroom, 4-bath, 3,400-square foot gulf view home built in 2000 under contract with a list price of $529,000.

Gulf Front Home in Gulf Pines Near Cape San Blas Under Contract February 2015 with List Price of $999,000

Heading east again along C-30 stopping first into Gulf Pines where this spacious 4-bedroom, 3-bath, 3,576-square foot gulf front home went under contract on Friday with a list price of $999,000. This 1986 home, situated on 100′ of beautiful gulf waterfront, was purchased by the seller’s family in late 1995 for $319,000.

Home on C-30 Under Contract February 2015 with List Price of $379,000

Yellow houses seem to have been popular this week we had two attract buyers, this one located out on C-30, in Treasure Shores subdivision, about two miles east of the turn off from Cape San Blas Road. The sellers bought the lot for $280,000 in late 2004 and built the 3-bedroom, 2-bath, 2,057-square foot home the following year.   They went under contract on Wednesday with a list price $379,000.Two-Acre Lot on C-30 Corridor Under Contract January 2015 with List Price of $80,000

We’ll continue traveling east on C-30 about two miles past the Indian Pass Raw Bar. Buyers penned a contract on this 2.32-acre parcel on the north side of the road with 200′ of road frontage. The seller has owned it for a very long time, and has it listed for $80,000.

Indian Pass Gulf Front Home Under Contract January 2015 with List Price of $549,000

Our last two contracts are both out on the Indian Pass peninsula, the first of which is this 3-bedroom, 2-bath, 1,670 square foot home built in 1992 situated on a 100′ wide, 1+ acre lot, listed with an asking price of $549,000. The sellers bought the home in August 2011 for $510,000.

Indian Pass Beach Cottage Under Contract January 2015 with List Price of $349,900

Our final contract takes us to this 3-bedroom, 2-bath, 1,368 square-foot gulf view home on Osceola Avenue in Indian Pass Beach Subdivision built in 1993. This little subdivision was platted and recorded in 1952, so it was grandfathered when the CBRA law was passed and the community is eligible for FEMA flood insurance. The sellers bought the home back in mid-2002 for $239,000, did a wonderful renovation and put it on the market in September 2004 for $795,000. Unfortunately, that was the same time our market peaked and sales slowly ground to a near-halt over the next couple of years, along with declining values. They adjusted that list price along the way, and finally got it under contract last Friday with a list price of $349,900

What a marathon!  There were some great deals snapped up these past two weeks so if you’ve been toying with the idea of buying it’s time to get in the game. I’ll be glad to help you find property that’s just right for you. Call me or text me at 850-227-5197, or shoot me an email to sherri@sherridodsworth.com.  Either way, I look forward to hearing from you. Have a terrific week, and I thank you so much for stopping by today.

 

 

 

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Jan 24 2015

Cape San Blas Real Estate Week in Review – Jan. 17-23, 2015

Published by under Cape San Blas

For Sale and SoldYour are now entering a Deflate-Gate-Free-Zone where for the time it takes you to peruse this post you will not be subjected once to the apparently critical pressing issue of deflated footballs. NO such deflation here, just a rallying real estate market, in which we had two closings and four new contracts. Sellers added eight new listings, and changed prices on five others.  With all that, our inventory rose just a little, closing the week at 257, with 88 homes and 169 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor market.

Cape San Blas Gulf Front Townhouse Under Contract December 2014 with List Price of $259,900

The first of this week’s two sales is a circa 1986 2-bedroom, 2 1/2-bath, 1,120 square-foot unit  in Cape Shoals, a complex adjacent to the north side of Cape Palms Park.   The sellers have owned it since mid-2001 when they purchased it for $190,000 and put it under contract late last month with a list price of $259,900, and sold it on Friday for $205,000, with the buyer paying for the title insurance and $1,000 of the Seller’s closing costs.

Cape San Blas Bank-Owned Lotin Jubilation Under Contract Jan. 2015 with List Price of $60,000

We’ll travel down to the south side of the Cape to Jubilation where our second sale is this bank-owned gulf view lot that went under contract two weeks ago with a list price of $60,000. The previous owners bought the diminutive 50′ by 80′ lot in December 2004 for $435,000, and the bank closed it on Tuesday for $54,000.

Bank-Owned Cape San Blas Gulf View Home Under Contract January 2015 with List Price of $232,500

There was a lot of interest in the first of this week’s four new contracts.  This bank-owned 3-b3edroom, 3-bath, circa 1997 gulf view home on Cape San Blas Road near Cape Palms Park went up for auction last Saturday with a list price of $232,500.  The auction ended on Wednesday with the final bid coming in at $381,000, with bids having been allowed in $3,000 increments. Homesearch.com has been doing a number of these auctions around here recently, all of which have been subject to the following terms:

  • A buyer’s premium equal to the greater of 5% of the winning bid amount or $2,500 will be added to all winning bid amounts that will determine the total purchase price
  • Property is being offered “AS IS, WHERE IS”
  • There are no inspection or financing contingencies
  • An Earnest Money Deposit of 3% of total purchase price or $3,000 (whichever is greater) is required
  • Buyer will receive a Special Warranty Deed (SWD) or equivalent.

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

Our second contract is on Cozumel Drive just a little south of the The Tradin’ Post. On Monday buyers submitted an accepted contract on this 115′ by 120′ one-third acre “X” zone gulf view lot listed for $79,900. The sellers have owned it since 1998 when they bought it for $25,000,

Cape San Blas Gulf View Home Under Contract January 2015 with List Price of $399,900

Our third contract is about a half mile further south where we find this 3-bedroom, 3-bath, 1,958 square foot gulf view home “X” flood zone home on Cape San Blas Road under contract on Thursday with a list price of $399,900. The Sellers bought it in late 2009 for $410,000.

Cape San Blas Gulf Front Condo Under Contract Janauary 2015 With List Price of $379,000

Our fourth and final contract takes us to the south side of the Cape to one of the few Condominiums in our area, The Club at Cape San Blas. Buyers were sold on this 3-bedroom, 2-bath, 1,415 square foot unit listed for $379,000.  This top floor home last sold in late 2008 for $450,000.

Well, that’s a wrap for this week. I’m starting to list properties in gearing up for spring visitors, so if you’re considering selling by all means, give me a call or text me at 850-227-5197 or email at sherri@sherridodsworth.com. If you’re interested in learning more about properties here along the coast, let me know. I hope wherever you are you have a pleasant, warm and dry weekend. Thanks so much for stopping by today.

 

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