Apr 22 2017

Cape San Blas Real Estate Week in Review – April 15-21, 2017

Published by under Cape San Blas

For Sale and SoldAfter a string of busy weeks, our market finally took a bit of a breather, slowing down the pace with four sales and three new contractssix new listings and five price changes, two of which are price increases.  Since we didn’t move much out of the inventory, it inched up by one, ending the week at 253, with 74 homes and 179 lots for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.

Bank-Owned Gulf Front Lot Under Contract March 2017 with List Price of $299,000

We kick off our review of this week’s four sales in Planters Cove Drive, where this bank-owned, 50′-wide gulf front lot went under contract in mid-March just three days after it was listed for $299,000.  In early 2006 it sold for $950,000, and last Thursday it sold for full list price of $299,000.  This was a late entry into the MLS which is why it wasn’t covered in last week’s review.

Cape San Blas Gulf View Cottage Sold April 2017 for $315,000

Just a short stroll down the beach is Silent Sands, home to this cute little 2-bedroom, 2-bath, 1,064 square-foot gulf view cottage built in 1993.  The sellers bought it in 2001 for $220,000, listed it on March 31 for $345,000, and sold it on Thursday for $315,000 cash, with the buyers paying for the title insurance.

Cape San Blas Bay Front Lot Under Contract March 2017 with List Price of $179,900

Next up is a 1.4-acre bay front lot on the south side of the Cape with 197′ of waterfront listed for $179,900. The property fronts Cape San Blas Road across the street from Villa Del Sol.  The sellers bought it in the summer of 2004 for $450,000  and signed over the title on Wednesday for $168,500.

Indian Pass Gulf Front Home Under Contract March 2017 with List Price of $315,000

Our final sale today is this 3-bedroom, 2 1/2-bath, 1,500 square-foot, gulf-front half of a duplex on Indian Pass listed for $315,000. According to county records, the sellers bought it in 2003 for $400,000. The parcel of land on which it’s located has 25′ of gulf front.  On Tuesday, the new owners picked up the keys at closing for $285,000 cash.

Gulf View First Tier Lot Under Contract April 2017 with List Price of $259,000

The first of our three new contracts is on White Sands Drive in San Blas Shores, adjacent to the north side of Ovation. Buyers penned a deal on this 50′ by 100′, 0.11-acre first tier lot in a VE flood plane listed just ten days ago sporting a $259,900 price tag. Nice appreciation for this seller who paid $187,000 for it in March of last year.

Bay Front Lot in Eventide Under Contract April 2017 with List Price of $79,800

Our second contract is on a bay front lot on the south side of the Cape in Eventide. It’s an irregularly shaped property situated mostly in the marshland but which the owner states is grandfathered in to not have to meet current wetland setbacks since it was platted prior to the county’s current land development regs. It’s roughly half an acre located in a VE flood plane. The seller purchased it in a tax deed sale in 2007 and has it listed for $79,800.

Bay View House at Simmons Bayou Under Contract April 2017 with List Price of $379,900

Our third and final contract is over in Simmons Bayou across the street from Presnell’s RV Campground and Boat Launch. The parties shook hands on this bay view 3-bedroom, 2-bath, 2,110 square foot home listed for $379,900. The seller bought the 208′ by 300′, 1.5-acre lot for $28,000 in late 1997 and built the home shortly thereafter.

I hope you’re enjoying similarly gorgeous Spring weather in your  part of the world as we are here on the Cape this week. I have some serious Spring fever and anxious to head out and enjoy some of this warm sunshine.   I’ll have my cell phone with me, so if you want more info on these or other listings, or if you want to talk about what your property might bring today if you’re an owner, by all means give me a call at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com . Always happy to talk real estate.  I look forward to hearing from you. Thanks for stopping by today.

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Apr 14 2017

Cape San Blas Real Estate Week in Review – Week of April 8-14, 2017

Published by under Cape San Blas

For Sale and SoldWe have a lot of visitors here for Easter weekend, but sales certainly haven’t taken a holiday, as we closed five sales and wrote eight new contracts, listed five new properties and trotted out two price changes. Even with all that activity our total inventory remains unchanged, closing the week once again at 252, with 74 homes and 178 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

secluded-dunes-first-tier-home-under-contract-november-2016-with-list-price-of-719900

We’ll kick off our look at this week’s five sales up on the north end of the Cape, beginning with this 3-bedroom, 3 1/2-bath, 2,400 square-foot, first-tier home on Secluded Dunes Drive listed for $719,900. It’s being sold furnished, has an elevator, and comes with deeded gulf access. According to county records, the sellers bought the lot alone in late 2004 for $515,000.  They built the home in 2010, and first listed it in September 2015 for $825,000.  The happy new owners picked up the keys this week for $690,000.

Bay View Lot on Hemmingway in Sunset Pointe with List Price of $68,900

Our second sale is on Hemmingway Circle in nearby Sunset Pointe, a subdivision south of Secluded Dunes. This 85′ by 129′, 0.25-acre lot offers glimpses of the bay and State Park.  This lot last sold in March 2016 for $47,500, was listed for $68,500, and sold on Wednesday for $65,000.

Cape San Blas Gulf Front Lot Under Contract March 2017 with List Price of $520,000

Just south of Rish Park in Rosemary Dunes, the parties went to closing on a half-acre, “X” zone gulf front lot listed for $520,000. The seller purchased this lot in December 2013 for $285,000, and sold it on Wednesday for $510,000.

Cape San Blas Gulf Front Twonhouse Under Contract March 2017 with List Price of $259,000

About a half mile south of Rosemary Dunes is Cape Shoals, where in late March buyers had their offer accepted on this 2-bedroom, 2 1/2-bath, 1,120 square foot gulf front townhouse listed for $259,000. These homes were built in 1986 and have been fighting back the approaching shoreline on a regular basis ever since. This particular unit sold in 2004 for $280,000, and on Thursday closed for $240,000.

Cape San Blas Gulf Front Home Under Contract Feb. 2017 with Lis Price of $689,000

Our next sale is a 4-bedroom, 3 1/2-bath, 1,620-square-foot, gulf front home on Sugar Loaf Lane just a bit north of Scallop Cove,  listed for $689,000. It was built in 2001 and underwent extensive renovations in 2015. It’s a good rental property, grossing $116,000 in 2016.  The sellers bought it in 2014 for $655,000, and sold it on Monday for $729,000. The sale was subject to an agreement to sign a 30-month rental agreement from the day of closing.

Cape San Blas Lot at Ovation Under Contract April 2017 with List Price of $49,000

The first of our eight new contracts is on the bay side of Ovation where buyers penned a deal on this irregularly-shaped, 0.13-acre bay view lot listed for $49,000. The sellers bought it in May 2012 during the developer’s fire sale for just $22,500.

Cape San Blas Gulf View Lot with Houseplans Under Contract April 2017 with List Price of $530,000

Just a hop, skip, and a jump down the road in Hibiscus Beach, sellers listed their gulf view, first tier lot on Monday for $530,000. That seems crazy high for a first tier lot, but the state owns a sliver of land between the lot and the shore line which will never be built on, so the owners essentially have a gulf front lot as far as their views are concerned. They bought the property in October of last year for $460,000 and have engineered houseplans they’re including with their asking price. They must have it priced right because it went on the market on Monday and was under contract by Tuesday.

Cape San Blas Bay Front Lot Under Contract April 2017 with List Price of $355,000

Across the street just south of Hibiscus Bay our next contract is on a 100′ by 800′ 1.84′ acre bay front lost listed for $355,000. This part of the bay has easy access to deeper water which the dock on this lot provides easy access to.  The seller has owned the property since 1984 when they bought it for $37,500.

Cape San Blas First Tier Lot Under Contract April 2017 with List Price of $94,500

Down on the south side of the Cape just east of Cape Dunes, this next contract is on a 95′ wide by 316′, 0.81-acre first tier lot listed for $94,500. It is situated behind two gulf front lots.

Cape San Blas Gulf Front Home Under Contract April 2017 with List Price of $1.195M

Just a hop, skip and a jump down the road in Two Palms, contract number six is on this handsome 4-bedroom, 4-bath, 3,714 square foot gulf front home listed for $1.195M.  The seller purchased it back in 2002 for $800,000.  This exquisitely decorated and appointed home is described as follows in the MLS notes:

Inspired by a lovely villa in Sorrento, Italy. Interior decor and painting was accomplished by top decorative artist in the USA with attention to details. The home features: Australian Cypress wood floors, double glazed crown molding, trey ceilings with accent lighting, ten foot ceilings, antique period furnishings, and original art which will convey. The master bedroom enjoys breathtaking views of the Gulf, a sitting area, and a unique “sunrise glow” painted ceiling. The kitchen is equipped with GE profile, Jenn Air, and U-Line appliances.

Lagoon Front Lot Off C-30 Under Contract April 2017 with List Price of $41,000

Our last two contracts take us out along C-30 heading east past the Indian Pass Raw Bar stopping first at this 94′ by 413′, 0.77-acre lagoon front lot with electric and water in place listed for $41,000. The seller bought it as recently as February 2015 for $39,000.

Lagoon Front Lot off C-30 Under Contract April 2017 with List Price of $42,000

We’ll wrap things up today with another lagoon front lot on C-30, this one measuring 83′ by 267′, for 0.58 acre, listed for $42,000.  This one last sold in mid-2011 for $25,000.

As you can see, consumer demand remains strong, so if you’re ready to get in the game let’s get started. Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com. I hope you have a pleasant Easter weekend with family and friends, and I appreciate your taking time out to stop by today.

 

 

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Apr 07 2017

Cape San Blas Real Estate Week in Review – April 1-7

Published by under Cape San Blas

For Sale and SoldSpring Breakers and their families were here in droves this week enjoying our overall sunny albeit cool, breezy spring weather. A fair amount of the folks visiting took time out to snap up some coastal real estate as we closed seven sales and wrote up seven new contracts. Sellers added fourteen new listings, and changed prices on eight others.  With all those new listings, our inventory soared by seven, closing the week at 252, with 74 homes and 178 lots listed for sale in the Cape San Bals, Indian Pass and C-30 Corridor MLS market.

Bay View Lot on Hemmingway in Sunset Pointe with List Price of $68,900

The first of our seven sales is on Hemmingway Circle up in Sunset Pointe, a subdivision south of Secluded Dunes. This is an 85′ by 129′, 0.25-acre lot affording glimpses of the bay and State Park.  The sellers bought it in October 2012 for $29,000, listed it for $68,900, and sold it on Friday for $60,000.

Cape San Blas Gulf View Home Under Contract Feb. 2017 with List Price of $979,000

Next stop is on Haven Road in Seagrass where this 4-bedroom, 4-bath, 2,500 square foot first tier home went under contract at the end of February. This home has unobstructed views but cannot be called Gulf front because there is a platted lot in front of it for which FDEP denied a building permit in 2009. In 2005, the lot alone sold for $855,000.  The sellers bought the home in 2014 for $815,000 and have spruced it up quite nicely since then.   They had it listed for $979,000 and turned over the keys to the new owners for $965,000.

New Cape San Blas Home Under Contract March 2017 with List Price of $399,000

Down on the south side of the Cape in San Blas Plantation, our second sale is a newly-built 4-bedroom, 3 1/2-bath, 2,083 square-foot home with attached garage listed for $399,000. The builder bought the 69′ by 169′, quarter-acre lot in May 2016 for $37,500. On Friday the home sold for $373,500.

Cape San Blas Gulf Fron Condo Under Contract February 2017 with List Price of $329,000

Sale number four is in Dunes Club where buyers took ownership of a 3-bedroom, 2-bath, 1,176 square-foot gulf-front condo.  The sellers bought the unit in 2004, the year it was built, for $325,000.  They had it listed for $329,000 and sold it for $325,000.

Cape San Blas Gulf View Home Under Contract Feb. 2017 with List Price of $554,000

A few blocks down Cape San Blas Road our fifth sale is on Florida Avenue in Boardwalk where this 3-bedroom, 3-bath, 1,691 square-foot home went under contract in mid-February with a list price of $554,000. The circa-1995 home offers a view of the gulf from its deck.  It last sold in the summer of 2005 for $625,000, and closed on Tuesday for a far more modest $511,900.

Bay View Lot Under Contract February 2017 with List Price of $69,000

We’ll leave the Cape turning left onto C-30 heading towards town, and travel to this bay view 106′ by 252′, 0.6 acre lot.  The State of Florida owns the land between the lot and the bay. The sellers picked this up in a bank sale in 2012 for $37,000; back in 2004 it sold for $239,000. The sellers had it listed for $69,000 and sold it for $62,500.

Lagoon Front Home Under Contract March 2017 with List Price of $209,900

Circling back eastward on C-30 just a short distance past the Indian Pass Bar, new owners picked up the keys to this 3-bedroom, 2-bath, 1,200 square-foot retreat listed for $209,900. This peaceful setting is on an 85′ wide lot measuring nearly an acre.  The home was built in 2008, and last sold in September 2015 for $165,000.  On Wednesday it went for $204,000.

Cape San Blas Townhouse Under Contract April 2017 with List Price of $250,000

Now on to our review of this week’s seven new contracts, heading to Barrier Dunes on the north end of the Cape where buyers had their offer accepted on this 2-bedroom, 2-bath, 1,216-square-foot townhouse listed for $250,000 that the sellers purchased in 2005 for $350,000.

Cape San Blas Peninsula Estates Lots Under Contract April 2017 with List Price of $99,000

About a quarter of a mile south of Barrier Dunes is Peninsula Estates, one of the original subdivisions on the Cape. It spans from the gulf to the bay, and all lots include deeded access to each. There are recorded covenants, but no HOA or HOA fees.  On Friday sellers accepted an offer on their 96′ by 168′, 0.4 acre lot on Cape San Blas Road listed for $99,000, an asking price which includes a sewer tap.  The sellers bought the property in early 2012 for $35,000.

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’re asking $2.3M for it.

Cape San Blas Gulf Front Townhouse Under Contract April 2017 with List Price of $439,900

Roughly half a mile south of Scallop Cove is a 12-unit townhouse complex known as Sunrise Sunset.  These circa early-80’s homes are quite literally gulf front as in, right at the surf’s edge.  Last Sunday sellers accepted an offer on their 3-bedroom, 2 1/2-bath, 1,600 square foot model listed for $439,900 that they purchased just three years ago in May of 2014 for $320,000.

Bank-Owned Cape San Blas Gulf Front Lot Under Contract April 2017 with List Price of $216,500

Cape Isle Preserve is a boom-era subdivision located just north of the rocks at Stumphole, an area of historically rapid erosion. On Monday, one of several bank-owned, 50′-wide gulf front lots went under contract with a list price of $216,500.

Cape San Blas Home Under Contract April 2017 with List Price of $343,000

San Blas Plantation on the south side of the Cape was a happening place this week with the one sale we saw earlier and two new contracts as well, the first of which is this 3-bedroom, 2-bath, 1,600 square-foot home on a third-of-an-acre lot listed for $343,000.  This handsome home presided over a view of the bay on Constitution Avenue in town before relocating to its present location several years ago. Once in place on the Cape she went through a thorough renovation adding many attractive features such as the welcoming entrance seen above, and an inviting screened in porch across the back.

Cape San Blas Interior Lot Under Contract April 2017 with List Price of $62,000

We’ll wrap things up today on Plover Street which is one street behind the previous home; here buyers had their offer accepted on this third-of-an-acre “X” zone lot listed for $62,000 which the sellers bought in 2002 for $70,000.

That will do it for today.  The weather may be cool, but our market is hot, hot, hot.  If you’ve been watching and thinking of buying or selling it is time to jump in. Call or text me at 850-227-5197 or write to sherri@sherridodsworth.com.

If you’re in the area this week, be sure to check out the newest hotspot on the Cape, Scallop RePUBlic, a gorgeous brand new bay front venue offering live music, an awesome variety of Florida craft beers on tap and wine.  They’ve been booking some terrific talent and it’s just a wonderful place to hang with friends and enjoy some great music with local brew and a great view.  Thanks so much for stopping by here today – have a great week!

Great Brew With a View at Scallop RePUBlic

 

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Apr 01 2017

Cape San Blas Real Estate Week in Review – March 25-31, 2017

Published by under Cape San Blas

For Sale and SoldBack-to-back banner weeks for our market.  We were super busy again, closing eight sales and writing up eight new contracts. Sellers added five new listings, and lowered the price on just one other. Our inventory was able to shed seven, closing the week at 245, with 74 homes and 171 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.

Ovation Bay Front Lot Under Contract March 2017 with List Price of $130,000

We’ll kick off our review of this week’s eight sales on the bay side of Ovation, where just two weeks ago buyers had their offer accepted on this 45′ by 163′, 0.19-acre, AE flood zone bay front lot listed for a very attractive  $130,000.  The seller bought this one during the developer’s clearing house sale in 2012 when they let the current owners have it for $67,000. On Monday it sold for $120,000.

Ovation Bay View Lot Under Contract March 2017 with List Price of $69,750

Also on the bay side in Ovation, this irregularly-shaped, 0.18-acre bay view, “X” zone lot on Pinnacle Drive went under contract just last week with a list price of $69,750. The parties closed on Thursday for $63,000 cash, so the sellers realized a nice profit having bought the property in that same developer sale of mid-2012 for $19,000.

Cape San Blas Bay Front Lot Under Contract February 2017 with List Price of $199,900

About two miles down the road, this 85′ by 400′, half-acre bay front lot in Bay Haven overlooking Pig Island listed for $199,900 closed on Friday for $190,000 with the buyers using conventional financing. It’s in an AE flood plain.

Cape San Blas Corner Lot Under Contract March 2017 with List Price of $50,000

Our fourth sale is down on the south side of the Cape in Surfside Estates where sellers accepted an offer at the beginning of March on their 98′ by 122′, quarter-acre corner lot listed for $50,000.  This AE flood zone lot last sold in 2004 for $205,000, but on Wednesday went for a far more modest price of $45,000.

Cape San Blas Lot in Boardwalk Under Contract March 2017 with List Price of $75,000

Next door to Surfside Estates is Boardwalk where this 79′ by 103′, 0.18 acre lot priced at $75,000 that last sold in 1992 for $52,000, or roughly $73,330 in today’s inflation-adjusted dollars, sold this week for $50,000, with the parties splitting closing costs 50/50.

Bay View Lot Under Contract March 2017 with List Price of $55,000

We’ll head off the Cape for the first time today heading over to Treasure Bay where in late February the parties shook hands on this 100′ by 220′, half-acre, bay-view lot listed for $55,000, a nice increase over the $14,900 the sellers bought it for in 2000. On Monday the sellers signed over the title at closing for $42,500. Treasure Bay is in a FEMA-eligible area.

Treasure Bay Lot Under Contract March 2017 with List Price of $69,500

Travelling further north along C-30 heading towards town sale number six is this 100′ by 200′, half-acre lot in Treasure Bay listed for $69,500. The sellers bought it in 2003 for $70,000 and accepted a check for $60,000 for it at closing this week. Treasure Bay has recorded covenants, but no HOA or HOA fees.

Bank-Owned Lagoon Front Lot Near Indian Pass Raw Bar Under Contract March 2017 with List Price of $24,500

Turning around and heading east along C-30, we’ll wander just a bit past the Indian Pass Raw Bar  to this 1-1/2-acre, 135′ wide bank-owned lagoon front lot listed for $24,500. As the aerial shows, much of that acreage is actually marsh and wetlands. The previous owners bought it in mid-2008 for $45,000, and on Tuesday it went for $24,000.

Cape San Blas First Tier Home Under Contract March 2017 with List Price of $389,500

We’re back on the  Cape to take a look at our eight new contracts starting off with this 2-bedroom, 2-bath, 966 square-foot fist tier gulf view cottage on White Sands Drive listed for $389,500.  The home is situated on a diminutive 40′ by 100′ lot.  According to the property appraiser, it was built in 1997.  The current owners bought it in mid-2004 for $386,000.

Cape San Blas Gulf Front Lot on Summer house Lane Under Contract March 2017 with List Price of $565,000v

Roughly two miles down the road on Summerhouse Lane in San Dunes buyers had their offer accepted on this 50′ gulf-front lot listed for $565,000 which the sellers bought in 2004 for $725,000. San Dunes is a relatively small subdivision of just 18 lots; amenities include a community pool, beach walkovers, and community landscaping.

Lot on the Corner of CSB Rd and Cozumel Under Contract March 2017 with List Price of $97,000

Not far from the Tradin’ Post, contract number three is on a corner lot fronting both Cape San Blas Road and Cozumel.  The 115′ by 120′, one-third-acre lot is being offered as a short sale with a list price of $97,000; the sellers bought it in mid-2005 for $420,000.

Cape San Blas Gulf Front Home Under Contract March 2017 with List Price of $767,500

Just north of Scallop Cove on Tiffany Beach Rd., sellers accepted an offer on their 3-bedroom, 2 1/2-bath, 1,20 square-foot gulf-front home listed for $767,500. The sellers bought it not too long ago in mid-2015 for $540,000, have fixed it up a great deal since then, and added new furnishings.

New Cape San Blas Home Under Contract March 2017 with List Price of $399,000

Back down on the south side of the Cape in San Blas Plantation, contract number five is on a newly-built 4-bedroom, 3 1/2-bath, 2,083 square-foot home with attached garage listed for $399,000. The builder bought the 69′ by 169′, quarter-acre lot in May 2016 for $37,500.

Lot Sand Trace Under Contract March 2017 with List Price of $55,000

We’re going to miss seeing this photo when the last of these lots on Sand Trace finally closes. Seems we’ve been seeing this same photo every week now for quite some time. This week’s lot du jour is a 150′ by 100′, 0.34′ acre bay view type listed for $55,000.

One Side of a Cape San Blas Duplex Under Contract March 2017 with List Price of $249,000

Our seventh contract is in nearby Cape Dunes, where buyers had their offer accepted on this one side of a duplex listed for $249,000. The 2-bedroom, 2 1/2-bath, 1,019 square-foot home last sold in early 2012 for $125,000.  Back in mid-2004, it went for $302,500.

Waters Edge Lo Under Contract March 2017 with List Price of $37,400

We’ll wrap things up today over in Waters Edge, the first subdivision you come to on the left side of C-30 after you leave the Cape heading in the direction of Indian Pass Raw Bar. Buyers had their offer accepted on this bank-owned, irregularly-shaped, 0.29-acre interior lot listed for $37,400. It last sold in February 2010 for $44,000.

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

 

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Mar 25 2017

Cape San Blas Real Estate Review – Week of March 18-24, 2017

Published by under Cape San Blas

For Sale Sold SignKaboom!  That’s the sound of a market exploding! What a week. We closed ten sales and wrote up thirteen new contracts. Sellers listed fifteen new properties (several of which have already gone under contract), and changed prices on six others. Even with all those new contracts, our inventory still grew by two, closing the week at 252, with 77 homes and 175 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Let’s see what all the excitement as been about.

Two Gulf View Secluded Dunes Lots on Cape San Blas Under Contract March 2017 with List Price of $352,000

To begin our review of this week’s ten sales, we’ll head to the north side of the Cape to Secluded Dunes where two lots went under contract in late February with a list price of $352,000 for the pair. The 1.7-acre property measures 110′ by 684′, and contains a fair amount of wetlands. Secluded Dunes is the northernmost subdivision on the Cape, bounded on its northern and eastern boundaries by the state park.  On Friday, they signed them over at the closing table for $349,000.

Cape San Blas Gulf View Townhouse Under Contract Feb. 2017 with List Price of $229,000

A few blocks south in nearby Barrier Dunes, our second sale is a recently listed 2-bedroom, 2-bath, 1,197-square-foot gulf view townhouse on Sandpine priced at $229,000.  This is an estate sale. She needs a fair amount of a TLC to restore her to her former promise when she was built in 1985, but with a lot of fresh paint, some basic repairs, remodeling and updated furnishings, she should be quite a wonderful beach retreat with great rental potential. Someone stepped up to the plate to take on that challenge just three days after she entered the MLS, and Friday they picked up the keys for $220,000.

Barrier Dunes Single Family Home Under Contract January 2017 with List Price of $475,000

Although Barrier Dunes is primarily a townhouse community there are a few detached single family homes as well. Back in early January buyers wrote a contract on this 3-bedroom, 3 1/2-bath, 1,984 square-foot home on Lakeshore Drive listed for $475,000. The circa 2006 home is being sold unfurnished. The sellers bought it in mid-2014 for $450,000, and sold it on Tuesday for $435,000.

Ovation Bay View Home Under Contract January 2017 with List Price of $549,000

We’ll travel about a half mile further south on the Cape to the bay side of Ovation, where someone fell in love with this handsome 4-bedroom, 4-1/2-bath, 2,178 square foot home with gulf and bay views.  The sellers purchased the lot in mid-2013 for $50,000, and finished building the home in 2015. They listed it on January 20 for $549,000, had it under contract just ten days later, and picked up a check at closing on Monday for $540,000.

Cape San Blas Gulf and Bay View Lot Under Contract February 2017 with List Price of $135,000

Just a bit south of Rish Park on the corner of Cape San Blas Road and Avalon Drive, sale number five is a 110′ by 130′, third-of-an-acre lot listed for $135,000. This “X” zone lot offers views of both the gulf and bay. The sellers purchased it in the summer of 2002 for $95,000, and sold it on Thursday for $130,000.

Cape San Blas Gulf View Lot in Boardwalk Sold March 2017 for $58,000

 

Down on the south side of the Cape on Florida Avenue in Surfside Estates, on Monday sellers accepted $58,000 this 75′ by 103′, 0.19-acre-, “X” zone lot they had listed for $59,500.  They bought it in mid-2014 for $60,000.

Bay Front Home Under Contract January 2017 with List Price of $499,900

We’ll travel now off the Cape onto C-30 heading west towards town pulling into Treasure Bay, the second subdivision on your left as you leave the Cape. Here sellers accepted an offer in late January on their handsome 3-bedroom, 4-bath, 2,830 square foot bay front home with 100′ of waterfront overlooking the southern end of the bay listed for $499,900.  They bought it in early 2011 for $340,000, and sold it on Friday for $320,000 cash.

Gulf Front Home at Money Bayou Under Contract February 2017 with LIst Price of $759,000

Our final three sales are over in Money Bayou starting off with this 4-bedroom, 4-1/2-bath, 1,919-square foot gulf front newly-built spec home that went under contract in mid-February. The builder originally listed it in January 2016 for $930,000 and has been tweaking the price downward ever since finally hitting that sweet spot in the market when he lowered the price this past January to $759,000.

Money Bayou Gulf Front Lot Under Contract feb. 2017 with List Price of $350,000

The lot adjacent to that house was also listed for sale with an asking price of $350,000. It’s an irregularly shaped property as you can see in the above photo with the meandering bayou running right through it. On Friday, a buyer closed on both the house and the lot as a package deal, paying $759,000 for the house and $286,000 for the lot.

Gulf Front Lot at Money Bayou Sold March 2017 for $320,000

The adjacent Bay/Gulf front lot went under contract back in mid-February with a list price of $350,000 and sold on Friday for $320,000 cash.

Bay View Lot on Hemmingway in Sunset Pointe with List Price of $68,900

Now on to our thirteen new contracts, starting off with two adjacent lots on Hemmingway Circle up in Sunset Pointe, a subdivision south of Secluded Dunes. Each of these 85′ by 129′, 0.25-acre lots offers glimpses of the bay and State Park.  143 Hemmingway is listed for $68,900 and last sold in October 2012 for $29,000. 145 Hemmingway is listed for $68,500 and last sold in March 2016 for $47,500.

Barrier Dunes Gulf View Townhouse Under Contract March 2017 with List Price of $325,000

We’re back in Barrier Dunes for our third contract which is on a 3-bedroom, 3 1/2-bath, 1,888 square-foot gulf view townhouse built in 2000 overlooking a pond. It’s listed for $325,000 and I couldn’t ascertain from the county records what the last actual sale price was as it seems to have been deeded between family members.

Ovation Bay View Lot Under Contract March 2017 with List Price of $69,750

We’ll return to Ovation where this irregularly-shaped, 0.18-acre bay view, “X” zone lot on Pinnacle Drive went under contract on Friday with a list price of $69,750. The sellers should realize a nice profit at closing having bought the property in mid-2012 for $19,000.

Cape San Blas Gulf Front Twonhouse Under Contract March 2017 with List Price of $259,000

About a mile and a half south of Ovation is Cape Shoals, where on Tuesday buyers had their offer accepted on this 2-bedroom, 2 1/2-bath, 1,120 square foot gulf front townhouse listed for $259,000. These homes were built in 1986 and have been fighting back the approaching shoreline on a regular basis since then. This particular unit last sold in 2004 for $280,000.

Cape San Blas Gulf Front Lot at Preserve Under Contract March 2017 with List Price of $479,000

Our next four sales are all in a newly-platted subdivision called The Preserve at Cape San Blas adjacent to the north side of Seagrass.  As soon as the listings hit the MLS these two 50′ by 432′, 0.49-acre gulf front lots went under contracts with list prices of $479,000 each. The parent parcel for this subdivision, which spans from the Gulf to Cape San Blas Road, sold for $1.75M in October of last year.

Cape San Blas First Tier Lot Under Contract March 2017 with List Price of $209,000

The second two new contracts at the Preserve are the two 75′ by 112′, 0.19-acre, “X” zone first tier lots listed for $209,000 and $219,000.

Cape San Blas Gulf View Home Under Contract March 2017 with List Price of $739,000

Next door to The Preserve at Cape San Blas in Seagrass, contract number ten is on a 5-bedroom, 3-bath, 2,604 square-foot gulf view home listed for $739,000. Built in the “X” zone in 2006, it last sold in the summer of 2009 for $555,000.

Cape San Blas Bay View Home Site Under Contract March 2017 wsith List Price of $50,000

OK – so how many weeks in a row now have we seen this same listing photo for all of the lots on Sandy Trace on the south side of the Cape? Today’s Sand Trace Lot du jour contract is on a 150′ by 100′, 0.34 acre, “X” zone, bay view variety listed for $50,000.

Indian Pass First Tier Home Under Contract March 2017 with List Price of $449,900

Our final two new contracts are over on Indian Pass, starting off with this 4-bedroom, 3-bath, 1,800 square foot, first tier home listed for $449,000. It’s situated on a quarter-acre lot that includes deeded gulf access. The seller bought the lot in early 2015 for $85,000, and completed construction of the home in 2016.

Bank-Owned Indian Pass Gulf Front Home Under Contract Mrch 2017 with List Price of $729,000

On the far end of the Indian Pass Peninsula, our thirteenth and final new contract for the week is a bank-owned house listed for $729,000. Buyers had their offer accepted on this 3-bedroom, 3 1/2-bath, 1,744 square foot gulf front home built in 1992.  It sits on a 100′ wide lot wit views of St. Vincent Island.

That does it for this week. If you’ve had your eye on a particular property, now’s the time to stake a claim on it before someone else beats you to it, because we’re seeing that more and more these past few months.  Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll get started.  Have a great week and thanks so much for taking time to stop by today.

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Mar 18 2017

Cape San Blas Real Estate Week in Review – March 11-17, 2017

Published by under Cape San Blas

For Sale and SoldIt may have been a frigid week nationwide but it’s been a smokin’ hot week here along the coast for real estate. We recorded four sales and nine new contracts. Sellers added sixteen new listings and changed price tags on five others.  All that activity leaves us at week’s end with an inventory of 250 active MLS listings in the Cape San Blas, Indian Pass and C-30 market, up six from last week, with 77 homes and 173 lots. Let’s start our review by seeing what changed hands at the closing table.

Barrier Dunes Pond Front Townhome Under Contract January 2017 with List Price of $192,500

We’ll kick things off today up on the north end of the Cape in Barrier Dunes where the first of our four sales is a 2-bedroom, 2-1/2-bath, 1,377 square foot pond-front townhome listed for $192,500. This home was one of the original units in the development built in 1985.  The sellers purchased it in January 1999 for $90,000, and handed the keys over to the new owners last Friday for $186,000.

Cape San Blas Bay View Lot Under Conract March 2017 with List Price of $79,000

Our next two sales are recently-listed lots in Peninsula Estates starting with this 100′ by 220′, half-acre bay-view lot listed for $79,000.  Peninsula Estates is one of the original subdivisions on the Cape, platted in the late 70’s/early 80’s. It spans from bay to gulf, and all properties within convey with deeded bay and gulf access.  There are recorded covenants, but no HOA or HOA fees.

Cape San Blas Bay View Lot Under Contract with List Price of $89,000

The second bay view Peninsula Estates lot is on Sandlewood Blvd., also measures 100′ by 220′, and was offered for for $89,000. The seller bought the two of them in July 2004 for $280,000, and accepted a check at closing on Friday for the two of them for $152,750.

Indian Pass Gulf View Lot Under Contract February 2017 with List Price of $185,500

Our fourth and final sale is over on Indian Pass where this first tier lot listed on February 7 for $188,500 went under contract just three days later.  It’s in a VE flood zone in the FEMA-eligible neighborhood of Indian Pass Beach Subdivision. The sellers offered complete house plans with full FDEP permitting. They bought the property in early 2016 for $110,000, and sold it last Friday for $180,000.

Cape San Blas Gulf View Home Under Contract March 2017 with List Price of $759,000

Now onto our nine new contracts, starting things off in Seagrass where sellers accepted an offer on their 5-bedroom, 4 1/2-bath, 2,720 square-foot gulf view second-tier home listed for $759,000. It’s situated on a quarter-acre lot in the “X” flood plain, and includes a swimming pool. In 2004 the lot alone sold for $215,000.

Cape San Blas Gulf View Home Under Contract March 2017 with List Price of $529,900

About three-quarters of a mile south of Seagrass on Cancun Drive, buyers penned a deal on this 4-bedroom, 3 1/2-bath, 2,407-square-foot gulf view home listed for $529,900. The sellers bought it in early 2016 for $390,000 and have put a lot of work, renovations, new furnishings, countertops, appliances and paint into it in the short time since.  Here’s the before exterior photo:

Cancun Before

Bank-Owned Gulf Front Lot Under Contract March 2017 with List Price of $299,000

Just a short stroll down the beach is Planters Cove Dr. , where this bank-owned 50′-wide gulf front lot went under contract on Monday with a list price of $299,000. In early 2006 it sold for $950,000. This lot was listed on Friday and under contract Monday.

Bay Front Home Near Cape San Blas Under Contract March 2017 with List Price of $449,000

Let’s travel off the Cape turning left on C-30 heading towards town, pulling into Treasure Bay about a half a mile on your left after leaving the Cape.  Here the parties shook hands over a agreement on this 3-bedroom, 4-bath, 2,675 square foot bay front home listed for $449,00. It’s situated on a 103′ wide lot with gorgeous bay views.  Very shallow water on this south side of the bay, dry at low tide and iffy for kayaks at high, but drop dead gorgeous views 24-7. The property is 103′ wide. The sellers bought the home in late 2012 for $225,000.

First Tier Home Under Contract March 2017 with List Price of $549,900

Heading back east along C-30 about a half mile past Cape San Blas Road is Gulf Pines, where our fifth new contract is on a 3-bedroom, 3 1/2-bath, 1,884 square-foot first tier home listed for $549,900. This home hit the MLS Tuesday a week ago and was under contract by the following Tuesday. It sits on a 100′ wide by 257′ deep, 0.59-acre lot in an AE flood plain. The sellers purchased the property in mid-2002 for $380,000.

Indian Pass Gulf View Home Under Contract March 2017 with List Price of $489,900

We’ll continue east along 3-30 to Canoe Lane just past Treasure Shores where this 3-bedroom, 2 1/2-bath, 1,949 square-foot, first tier gulf view home went under contract on Monday with a list price of $489,900, leass than a month after it first appeared in the MLS. The home was built in 2000 and sits on a half-acre lot in the AE flood plain.

Bank-Owned Lagoon Front Lot Near Indian Pass Raw Bar Under Contract March 2017 with List Price of $24,500

Continuing east along C-30, we’ll wander just a bit past the Indian Pass Raw Bar  to this 1-1/2-acre, 135′ wide bank-owned lagoon front lot listed for $24,500. As the aerial shows, much of that acreage is actually marsh and wetlands. The previous owners bought it in mid-2008 for $45,000.

Lagoon Front Home Under Contract March 2017 with List Price of $209,900

See those four lagoon front houses in the aerial photo of the lot we just looked at? Contract number eight is on one of them. Buyers were attracted to this 3-bedroom, 2-bath, 1,200 square foot retreat listed for $209,900. This peaceful setting is on 85′ wide lot measuring nearly an acre.  The home was built in 2008, and last sold in September 2015 for $165,000.

Indian Pass Lagoon Front Lot Under Contract March 2017 with List Price of $149,900

We’ll wrap up today’s review out on Indian Pass with this irregularly-shaped 200′ wide, 3.34-acre lagoon-front lot listed for $149,900. It, too, is in an AE flood plain, and last sold in 1998 for $100,000.

That does it for today. Properties are moving at a brisk pace and I had more calls this week where I’ve unfortunately had to tell people the properties they’ve been considering have gone under contract. If you have your eye on a special place, you need to step up and stake a claim on it or you very well may miss out. Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll make a move on it.  Thanks for taking time to stop by today and I hope to hear from you soon.

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Mar 10 2017

Cape San Blas Real Estate Week in Review – March 4-10, 2017

Published by under Cape San Blas

For Sale and SoldSpring has sprung and we have a market rally in full bloom.  What a week!  We closed a six sales, wrote up a whopping eleven new contracts, added seven 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 77 homes and 167 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 Gulf View Lot Under Contract February 2017 with List Price of $179,000

We’ll launch into our review of this week’s six sales up on the north end of the Cape, stopping by Sunset Point where buyers had their offer accepted less than a month ago on this 62′ by 131′, 0.58 acre gulf view lot second tier lot listed for $179,000. The sellers bought the lot in 2003 for $310,000, and sold it for $168,000 on Friday.

Ovation Gulf View 2nd Tier Lot Uder Contract January 2017 with List Price of $160,000

Down on the gulf side of Ovation, the sellers signed over the title on this 50′ by 109′ foot, second tier “X” zone lot listed for $160,000. They bought it in the summer of 2013 for $89,000, (quite a bargain compared to the $455,000 the developers sold it for in late 2005), and closed on Wednesday for $150,000.

Cape San Blas Gulf Front Home UnderContract Feb. 2017 with List Price of $1,197,500 List Price

Right next door to Ovation is Cape Breezes, a subdivision platted in the late 70’s. It spans from the bay to gulf, has recorded covenants but no HOA or HOA fees, and all lots convey with gulf and bay deeded access. It’s the site of our third sale, a 3-bedroom, 3-1/2-bath, 1,825 square-foot, recently-built gulf front home with an in-ground pool listed for $1,197,500. The sellers purchased the 100′ wide lot in 2013 for $250,000. On Wednesday they turned over the keys to the new owners for $1,015,000.

Cape San Blas Corner Lot on Tobago Sold March 2017 with List Price of $139,000

Here’s a For Sale By Owner FSBO added for comp purposes. It’s a third of an acre, 102′ by 160′ lot on the corner of Tobago and Cape San Blas Rd. for which the owner was asking $135,000. The sellers bought it in late 2011 as a bank-owned sale for $40,000. On Thursday they signed over the title for $125,000.

Cape San Blas Bay View Lot Under Contract Feb. 2017 with List Price of $40,000

Seems as if we’ve been seeing this scene every week for several week now as one after another of the lots along this lane have gone under contract and sold. This week’s model is a 100′ by 150′, third-of-an-acre, “X” zone lot listed for $40,000, which is exactly what it closed for on Monday.

Indian Pass Gulf View Lot Under Contract February 201 with List Price of $72,000

Our sixth and final sale is on Painted Pony Road over in Indian Summer on Indian Pass where in mid-February the parties shook hands over a deal on this 92′ by 42′, 0.72-acre  “Canal Front” lot listed for $72,000. The sellers bought it back in the summer of 2000 for $40,300, and sold it on Tuesday for that full price of $72,000.

secluded-dunes-first-tier-home-under-contract-november-2016-with-list-price-of-719900

Now on to our eleven new contracts, starting way up on the north end of the Cape, beginning with this 3-bedroom, 3 1/2-bath, 2,400 square-foot, first-tier home on Secluded Dunes Drive listed for $719,900. It’s being sold furnished, has an elevator, and comes with deeded gulf access. According to county records, the sellers bought the lot alone in late 2004 for $515,000.  They built the home in 2010, and first listed it in September 2015 for $825,000.

Ovation Gulf Front Lot Under Contract March 2017 with List Price of $439,900

Ovation was hot this week with one sale and two new contracts, the first of which is this third of an acre gulf front lot listed for $439,900. This VE flood zone lot last sold during the developer’s sale back in the summer of 2012 when they let it go for the unheard of price of $165,000.

Ovation Bay Front Lot Under Contract March 2017 with List Price of $130,000

Over on the bay side of Ovation, buyers had their offer accepted on this 45′ by163′, 0.19-acre, AE flood zone bay front lot listed for a very attractive  $130,000.  This seller also bought this one during the developer’s clearing house sale when they let the current owners have it for $67,000.

Cape San Blas Gulf Front Lot Under Contract March 2017 With List Price of $565,000

Our next contract is on Summerhouse Lane in San Dunes subdivision where sellers accepted an offer on their irregularly shaped 50′-wide lot listed for $565,000. In the early summer of 2004, the sellers purchased it for $725,000

Cape San Blas Corner Lot Under Contract March 2017 with List Price of $55,000

Back down on the south side of the Cape on Pluto Way in Surfside Estates, buyers had their offer accepted on this 75′ by 103′, 0.19-acre-, “X” zone lot listed for $59,500.

Cape San Blas Lot in Boardwalk Under Contract March 2017 with List Price of $75,000

Our second contract in Boardwalk this week is on a freshly listed 79′ by 103′, 0.18 acre lot priced at $75,000 which the seller bought in 1992 for $52,000, or roughly $73,330 in today’s inflation-adjusted dollars.

Cape San Blas Bay Front Lot Under Contract March 2017 with List Price of $179,900

Next up is a 1.4-acre bay front  lot with 197′ on the waterfront listed for $179,900. The property fronts Cape San Blas Road across the street from Villa Del Sol.  The sellers bought it in the summer of 2004 for $450,000.

Treasure Bay Lot Under Contract March 2017 with List Price of $69,500

We’ll head off of the Cape over onto C-30 heading towards town stopping at this 100′ by 200′, half-acre lot in Treasure Bay listed for $69,500, which last sold in 2003 for $70,000. Treasure Bay has recorded covenants, but no HOA or HOA fees.

Indian Pass Home Under Contract March 2017 with List Price of $378,000

Contract number ten takes us out to Indian Pass Beach Subdivision where this recently listed 3-bedroom, 2-bath, 1,08 square-foot beach house went under contract Thursday with a list price of $378,000. Overall, for a circa early-90’s (late 80’s?) home she appears to be in pretty good shape, but some of the decks are in need of repair and there’s some mildew on some of the porch ceilings that need attention.  The sellers bought this one in early 2013 for $94,500.

Indian Pass Gulf Front Home Under Contract March 2017 with List Price of $315,000

We’ll wrap things up today with this 3-bedroom, 2 1/2-bath, 1,500 square-foot, gulf front half of a duplex on Indian Pass listed for $315,000. According to county records, the sellers bought it in 2003 for $400,000. The parcel of land on which it’s located has 25′ of gulf front.

That does it for this week. If you’ve had your eye on a particular property, now’s the time to stake a claim on it before someone else beats you to it, because we’re seeing that more and more these past few months.  Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll get started.  Have a great week and thanks so much for taking time to stop by today.

 

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Mar 07 2017

Cape San Blas Real Estate Week in Review – Feb. 25 – Mar. 3, 2017

Published by under Cape San Blas

For Sale and SoldGeez, Louise!!!!!  What a streak!  I fully intended to have this completed on Sunday but there have just not been enough hours in a day  churning to keep up with customers and clients.  Exciting to have so much going on but the pace has been amazing. Last week we had three sales and wrote nine new contracts. Sellers added on fifteen new listings and changed prices on eight others.  Even with all those new listings, our inventory still managed to shed three, ending the week at 243, with 76 homes and 167 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.

The first of our three sales is up in Sea Cliffs starting off with this 4-bedroom, 4 1/2-bath 1,944 square-foot gulf view townhouse listed for $299,000. This is one of the few units in this complex with an attached garage and an additional deeded parking space. The home is being sold furnished and has an elevator. The sellers are the original owners who bought it from the developer in 2001 for  $294,900, and on Monday they sold it for $291,000.

Newly Built Cape San Blas Glf Viw Home Under Contract January 2017 with List Price of $459,900

Down on the south side of the Cape in Surfside Estates, our second sale is a newly built 4-bedroom, 3 1/2-bath, 1,680 square foot first tier home listed for $459,900. The sellers bought the lot in July 2015 for $129,000, and sold the home on Monday for $434,000.

Cape San Blas Bay View Lot Under Contract Feb. 2017 with List Price of $40,000

Seems as if we’ve been seeing this scene every week for several week now as one after another of the lots along this lane have gone under contract and sold. This week’s model is a 100′ by 150′, third-of-an-acre, “X” zone lot listed for $40,000, which sold on Friday for $41,750.

Two Gulf View Secluded Dunes Lots on Cape San Blas Under Contract March 2017 with List Price of $352,000

To begin our review of this week’s nine new contracts, we’ll head back to the north side of the Cape to Secluded Dunes where two of the northernmost private lots went under contract on Monday with a list price of $352,000 for the pair. The 1.7 acre property measures 110′ by 684′, and contains a fair amount of wetlands. Secluded Dunes is the northernmost subdivision on the Cape, bounded on its northern and eastern boundaries by the state park.

Cape San Blas Gulf View Townhouse Under Contract Feb. 2017 with List Price of $229,000

A few blocks south in nearby Barrier Dunes, our second contract is on this recently listed 2-bedroom, 2-bath, 1,197-square-foot gulf view townhouse on Sandpine priced at $229,000.  This is an estate sale. She needs a fair amount of a TLC to restore her to her former promise when she was built in 1985, but with a lot of fresh paint, some basic repairs, remodeling and updated furnishings, she should be quite a wonderful beach retreat with great rental potential.

Cape San Blas Bay View Lot Under Conract March 2017 with List Price of $79,000

Our next two sales are on recently listed lots in Peninsula starting with this 100′ by 220′, half-acre bay view lot listed for $79,000.  Peninsula estates is one of the original subdivisions on the Cape, platted late 70’s/early 80’s. It spans from bay to gulf, and all properties within convey with deeded bay and gulf access.  There are recorded covenants, but no HOA or HOA fees.

Cape San Blas Bay View Lot Under Contract with List Price of $89,000

The second bay view Peninsula Estates lot is on Sandlewood Blvd., also measures 100′ by 220′, and is listed for $89,000. The seller bought the two of them in July 2004 for $280,000.

Cape San Blas Gulf Front Home UnderContract Feb. 2017 with List Price of $1,197,500 List Price

Less than half a mile further south is Cape Breezes, a similarly situated subdivision also platted in the late 70’s. Like Peninsula Estates, it, too, spans from the bay to gulf, has recorded covenants but no HOA or HOA fees, and all lots convey with gulf and bay deeded access. It’s the site of our fifth contract, a 3-bedroom, 3-1/2-bath, 1,825 square-foot, recently built gulf front home with an in-ground pool listed for $1,197,500. The sellers purchased the 100′ wide lot in 2013 for $250,000.

Cape San Blas Gulf Front Lot Under Contract March 2017 with List Price of $520,000

Just south of Rish Park in Rosemary Dunes, buyers had their offer accepted on a half-acre, “X” zone gulf front lot listed for $520,000. The seller purchased this lot in December 2013 for $285,000.

Cape San Blas First Teir Lot Under Contract Feb. 2017 with List Price of $50,000

Heading down to the south side of the Cape for our seventh contract, another irregularly shaped lot, this one a first tier quarter-acre property listed for $50,000. The main parcel measures roughly 44′ by 260′.  The seller purchased it in the summer of 2015 for $55,000.

Cape San Blas Corner Lot Under Contract March 2017 with List Price of $50,000

Contract number eight is in nearby Surfside Estates where sellers accepted an offer on their 98′ by 122′, quarter-acre corner lot listed for $50,000.  The AE flood zone lot last sold in 2004 for $205,000.

Bay View Lot Under Contract March 2017 with List Price of $55,000

We’ll head off the Cape for the first time today heading over to Treasure Bay where the parties shook hands on this 100′ by 220′, half-acre, bay-view lot listed for $55,000, a nice increase over the $14,900 the sellers bought it for in 2000. Treasure Bay is in a FEMA-eligible area.

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, and I’m once again encountering more and more situations of multiple offers on properties. So if you’re thinking of buying or selling, please call or text me at 850-227-5197, or drop a note to sherri@sherridodsworth.com .  Have a great week, and thanks so much for taking time out of your busy schedule to stop by today. I sincerely apologize for the delay in posting this update, and hope to have next week’s out to you right on time.

 

 

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Mar 03 2017

Sunday Post This Week

Published by under Cape San Blas

Crazy busy week with three sales, nine new contracts and my schedule filled with 12+hour days. Showing property all day on Saturday – will try to have post updated on Sunday. Be sure to check back in to see the latest in real estate activity here on the Cape!

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Feb 24 2017

Cape San Blas Real Estate Week in Review – Feb. 18-24, 2017

Published by under Cape San Blas

For Sale and SoldHappy to report there was no let up in activity again this week turning in another strong showing, closing six sales, writing up six new contracts, adding twelve new listings and posting three price changes. With all that, our inventory grew by three, closing the week at 246, with 73 homes and 173 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market. Lots to look at today so let’s get started.

We kick off our review of this week’s six sales with a 4-bedroom, 4 1/2-bath, 2,007 square foot unit with an elevator listed for $293,000. The sellers bought it in March just last year for $255,000 and made a bit of a profit on Monday picking up a check at closing for $278,000.  In 2002 it sold for $335,000.

Interior Lot at Jubilation on Cape San Blas Under Contract February 2017 with List Price of $59,900

Down on the south side of the Cape in Jubilation someone saw a good opportunity for a coastal retreat in this 50′ by 90′ “X” zone Jubilation lot that went under contract two weeks ago with a list price of $59,900, and signed it over to the new owners for $45,000, a real bargain compared to the $310,000 it went for in 2004. Jubilation is now a gated community, and includes a gulf front pool and deeded gulf access for all property owners.

Cape San Blas Gulf View Home Under Contract January 2017 with List Price of $399,000

Our next two sales are on nearby McCosh Mills Road in Piney Woods beginning with this 3-bedroom, 2-bath, 1,224 square foot home went under contract in late January with a list price of $399,000. The sellers purchased the rental home in the summer of 2012 for $250,000, and turned the keys over to the new owners this week for $370,000.

A few lots over, the parties closed on this 57′ by 82′ lot listed for $79,000.  It sits catty cornered to the community pool and is in an “X” zone, and should afford a gulf view from a home built on pilings. The seller purchased it in the summer of 2014 for $50,000, and sold it on Tuesday for $60,000.

Bay Front Lot Near Cape San Blas Under Contract Feb. 2017 with List Price of $159,750

When you turn off Cape San Blas Road onto C-30 heading towards town, Treasure Bay is the second subdivision on your left and it’s the site of our fifth sale, a 100′ by 1,314′, 2.9-acre bay front lot listed for $159,900.  The lot lines extend far out into the bay which accounts for that seemingly high acreage.  The sellers bought it in 2012 for $89,000 and signed it over to the new owners on Monday for $145,000.  In 2003 it sold for a $196,000. This is a quiet little residential community with nice single family homes, most of which are owner-occupied.  FEMA flood insurance is available here.

Gulf Pines First Tier Lot Under Contract Feb. 2017 with List price of $149,000

Our sixth and final sale is over in Gulf Pines where buyers had their offer accepted on a 100′ by 252′, 0.59-acre first tier lot listed for $149,000. The sellers bought it in mid-2012 for $119,500 from folks who had paid $165,000 for it in late 2009.

Seacliffs Townhouse Under Contract February 2017 with List Price of $298,000

To take a look at our six new contracts we head back over to Seacliffs on the north side of the Cape where sellers accepted an offer on their 4-bedroom, 4 1/2-bath, 2,007 square foot townhome with elevator listed for $298,000.   The sellers purchased the home in February 2013 for $182,000.

Cape San Blas Gulf and Bay View Lot Under Contract February 2017 with List Price of $135,000

Just a bit south of Rish Park  on the corner of Cape San Blas Road and Avalon Drive, contract number two is on a 110′ by 130′, third-of-an-acre lot listed for $135,000. This “X” zone lot offers views of both the gulf and bay. The sellers purchased it in the summer of 2002 for $95,000.

Cape San Blas Bay Front Lot Under Contract February 2017 with List Price of $199,900

Just a few blocks further south, buyers penned an offer on this 85′ by 400′, half-acre bay front lot overlooking Pig Island listed for $199,900. It’s in an AE flood plain.

Cape San Blas Gulf Front Home Under Contract Feb. 2017 with Lis Price of $689,000

Just a bit north of Scallop Cove, contract number four is on a 4-bedroom, 3 1/2-bath, 1,620-square-foot, gulf front home on Sugar Loaf Lane listed for $689,000. It was built in 2001 and underwent extensive renovations in 2015, the year after the sellers bought it for $655,000. It’s a good rental property, grossing $116,000 in 2016.

Cape San Blas Bay View Lot Under Contract Feb. 2017 with List Price of $40,000

Seems as if we’ve been seeing this scene every week for several week now as one after another of the lots along this lane have gone under contract and sold. This week’s model is a 100′ by 150′, third-of-an-acre, “X” zone lot listed for $40,000.

Cape San Blas Gulf Fron Condo Under Contract February 2017 with List Price of $329,000

Our sixth and final new contract is in Dunes Club where buyers had their offer accepted on a 3-bedroom, 2-bath, 1,176 square foot gulf front condo listed for $329,000.  The sellers bought the unit in 2004, the year it was built, for $325,000.

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

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