Feb 15 2019

Cape San Blas Real Estate Week in Review – Feb. 9-15, 2019

Published by under Cape San Blas

   Our road to recovery this week manifested itself literally in our roads being recovered, with major impressive shoring up underway through not just Stumphole, but also along 98 through Simmons Bayou, with the detour route along Country Club Road receiving reinforcements to its shoulders, and repairs to 98 along Constitution Drive in Port St. Joe. Our real estate road to recovery continues as well as we closed three sales and wrote up three new contracts. Sellers added six new listings, and changed prices on three others. Our inventory remains unchanged overall from last week closing out at 240, with 60 homes and 180 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.

The first of our three sales is a bay view lot in Ovation towards the north end of the Cape. The sellers bought this 105′ by 50′, 0.11 acre property in late 2013 in a bank-owned sale for $27,000. Last month they put it under contract with a list price of $39,900, and on Friday signed over the title to the new owners for $35,000.

Sale number two is a 4-bedroom, 3/2-bath, 3,400 square foot gulf view home located just a bit north of Scallop Cove. The sellers bought it as a bank-owned sale in mid-2009 for $515,000, had it listed for $699,000, and sold it on Friday for $649,000. The MLS notes make no mention as to what or if damages were sustained by Michael, but as it is up along Cape San Blas Road it may not have been of consequence which the closing price seems to bear out.

For our third sale, we’ll turn right off of Cape San Blas Road and head over to Curve at the Cape, the first subdivision on your right after leaving the Cape.  Here buyers were attracted to this 60′ wide gulf front lot. The sellers bought the property in 2016 for $250,000, a far cry from the $650,000 it commanded back in the summer of 2004. It was originally listed in September of last year for $294,000, but they dropped the price on October 2 to $278,000 and immediately went under contract. After Michael hit the following week, that deal headed south and it came back on the market with its current list price of $259,000. On Tuesday they finally made it across the finish line and closed for $235,000.

Now on to our three new contracts, the first of which is on this 4-bedroom, 3-1/2-bath, 2,366 square foot first tier Cape San Blas home on Haven Road. The sellers bought it in the summer of 2008 for $720,000.

Down on the south side of the Cape, buyers were attracted to these two adjacent lots on Mercury Lane in Surfside Estates listed for $142,000. Together they measure 100′ x  230′, for a total of 0.54 of an acre. They sit first tier and offer excellent views of the Gulf as well as easy access to the beach.

Our third contract is out on C-30  past the Indian Pass Raw Bar.  Buyers had their offer accepted on this 3-bedroom, 3-1/2-bath, 2,000 square foot home in a lovely country setting. It was built in 2000 on a 200′ by 200′, 0.92-acre lot. The sellers bought the home in February just last year for $335,000, and have it listed for $379,000.

Housing is in critical demand locally, so if you have a house, townhouse or condo you’ve been considering selling, now is a good time to run the numbers, even if it sustained hurricane damage.  We can make adjustments for that, so let’s talk.  You can always reach me by calling or texting 850-227-5197 or emailing sherri@sherridodsworth.com. Hope to hear from you soon, and, as always, I thank you so much for taking time out of your busy schedule to stop by today.

Reminder – if you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

Please follow and like us:

No comments yet

Feb 08 2019

Cape San Blas Real Estate Week in Review – Feb. 2-8, 2019

Published by under Cape San Blas

  Florida’s famous sunshine found us once again this week here along the Forgotten Coast, and its bright and warming presence was welcomed by all. I saw folks lounging in their lawn chairs out in the driveway or side yard soaking up rays, not needing to head all the way over to the beach just to be happy to bask in that radiant warmth. Our market warmed up as well, closing two sales and adding six new contracts. Sellers posted twelve new listings, and changed prices on five others. Our inventory swelled by five, closing the week at 240, with 63 homes and 177 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

The first of our two sales is this 65′ wide gulf front lot on Windy Lane in Paradise Gulf West a short distance south of Rish Park on the Cape. Located in a VE flood zone, the lot had a vacation rental house on it prior to Michael. The owners listed the lot on Monday, January 14 for $525,000 and accepted a contract on it three days later. Just last Friday they went to the closing table and signed over the title to the new owners for $495,000 cash.

Our second sale is on the south side of the Cape in San Blas Plantation, where near the first of the year, a buyer had his offer accepted on this 78′ by 171′, third-of-an-acre mixed-use lot listed for $79,900. This property is just two lots over from where my office is located, and in close proximity to two rental companies and the ever-popular Scallop Republic, otherwise known as ‘The Cape’s Living Room’. The seller bought the property in 2013 for $35,000, and sold it on Monday for $80,000 cash.

Now on to our six new contracts starting off with this 51′ by 548′, 0.54-acre gulf front lot in Monarch Beach listed for $549,000. Platted in 2017, this little subdivision is located on the Cape just a bit south of Rish Park and Hibiscus Beach. It has modest annual HOA fees of only $250.

A little south of Monarch Beach and adjacent to the north side of Cape Palms Park is Cape Shoals, until recently home to a number of gulf front townhouses which sadly succumbed to the forces of Hurricane Michael. Today Cape Shoals is home to detached single family homes such as this 3-bedroom, 3 1/2-bath, 1,853 square foot 2nd tier home listed for $495,000. It is situated on a 90′ by 120′, quarter-acre lot, and was purchased by the sellers in early 2003 for $342,000.

A bit further south on the bay side of the Cape directly across the street form Seagrass is where our third contract is located. Buyers jumped on this100′ by 800′, 1.85-acre bay front lot the very day it was listed for $279,000. The family who owns this lot and the adjacent multi-acre parcel have owned the property for quite some time so no sales data is available on the county appraiser’s site.

Our fourth new contract takes us down to the south side of the Cape to San Blas Plantation where sellers accepted an offer on their 88′ by 971′, 1.67-acre gulf front lot listed on Tuesday for $320,000; by Thursday buyers had penned an acceptable offer and under contract it went. This property last sold in 1995 for $90,000.

We’ll leave the Cape for the first time today and head north on SR-30 towards Port St. Joe for our fifth new contract, which is on this 4-bedroom, 3-bath, 1,779 square foot home listed as is for $360,000. It sustained some flooding damage on the ground level from storm surge from the bay during Michael, most of which as been remediated at this point. It was listed on January 7 and went under contract Friday, Feb. 8.

We’ll circle back and head west on over to Money Bayou for our sixth and final new contract which is on this miniscule 35′ by 80′, 0.064-acre, second tier AE lot listed on Tuesday for $89,000 and under contract merely three days later.  This pleasant little old Florida neighborhood has no HOA or HOA fees.

And that wraps it up for today. Pleasantly surprised to see such a healthy amount of interest and activity in our market. What I’m seeing in these super short list to contract times is a strong market re-emerging. I’m increasingly confident 2019 is going to be a good year. If you’re toying with the idea of buying or selling in our area, now is a good time for us to talk. You can always reach me by calling or texting 850-227-5197 or emailing sherri@sherridodsworth.com. Either way, I hope to hear from you soon, and thank you so much for taking time out of your busy schedule to stop by today.

Reminder – if you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

Please follow and like us:

No comments yet

Feb 01 2019

Cape San Blas Real Estate Week in Review – Jan. 26-Feb. 1, 2019

Published by under Cape San Blas

Another week, another step forward towards recovery from Michael.   Our passage through Stumphole is markedly improved, and a few more businesses have reopened in town.  Our sales and contracts markedly improved this week as well, exactly doubling what we did last week by closing two sales and writing up four new contracts.  Sellers added eleven new listings, and changed prices on five others.   Our inventory inched up by just one, closing the week at 235, with 67 homes and 168 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

The first of our two sales is a 75′ by 112′, 0.19-acre fourth tier gulf view lot on the Cape peninsula in The Preserve at the Cape. The Preserve is located south of Rish Park and just north of Seagrass. This was a direct sale from the developer so no sales history on it. It came on the market December 13 with a list price of $139,000, went under contract on Jan. 2, and closed last Friday for $100,000 cash.

Cape San Blas Gulf Front Home Under Contract Nov 2018 with List Price of $998,000

Our second sale is a 4-bedroom, 3-bath 2,475 square foot home on a 50′ wide gulf front lot on Clifton Place near Scallop Cove, originally listed for $998,000, but that price was dropped to $599,000 on January 4 after a previous contract had failed, and went back under contract again just five days later.  According to the MLS notes, the house sustained “some wind and water damage, drywall being removed, treated for mold and will be ready to repair! Roof, pilings no damage“. The photo above is pre-storm. The sellers bought the house in 2010 as a bank-owned sale for $410,000 and signed it over to the new owners last Friday for $540,000 cash.

Now on to our four new contracts starting off with this 4-bedroom, 3-bath, 1,871 square foot first tier home on Sugar Loaf Lane just a little south of Scallop Cove. The sellers bought the lot on which it’s located for $110,000 in the summer of 2012 and completed construction on the home just three years later in 2015. They listed the house for sale last August for $689,000 and accepted an offer on it last Thursday.

Down on the south side of the Cape in Jubilation, buyers had their offer accepted on this 4-bedroom, 3 1/2-bath, 2,490 square foot home listed for $599,900. Construction was completed just last year on a lot for which the sellers paid $56,800 in mid-2017.

Next door to Jubilation is San Blas Plantation which is home to our third new contract, an 85′ by 722′, 1.22-acre gulf front lot listed for a steal at $289,000. That’s a far cry from the $84,000 the seller paid for it way back in 1988. According to my handy dandy inflation calculator, in today’s inflation-adjusted dollars that’s equivalent to $186,791.34.

For our fourth and final new contract we’ll head on over to South Palm Street on Indian Pass where buyers fell in love with this 75′ by 105′, 0.18-acre  gulf view lot listed for a very attractive $195,000. Though there is a recorded, platted lot seaward of it, according to the MLS notes the owner states that lot is unbuildable. This neighborhood, Indian Pass Beach Subdivision, was platted in the early 1950’s and is grandfathered for FEMA flood insurance so the CBRA designation on much of the rest of Indian Pass doesn’t apply here. This lot last sold in 2011 for $150,000; prior to that, it sold in 2004 for a whopping $425,000, roughly $565,000 in those inflation-adjusted $$$.

That does it for today. I’m pleased to see continued steady interest in our market, meaning others realize we really are steadily recovering from Michael and getting better every day. If you’re thinking of buying or selling, I’ll be glad to help you, so let’s talk. You can always reach me by calling or texting 850-227-5197 or emailing sherri@sherridodsworth.com. Either way, I hope to hear from you soon, and thank you so much for taking time out of your busy schedule to stop by today.

Reminder – if you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

Please follow and like us:

Comments Off on Cape San Blas Real Estate Week in Review – Jan. 26-Feb. 1, 2019

Jan 25 2019

Cape San Blas Real Estate Week in Review – Jan. 19-25, 2019

Published by under Cape San Blas

Our visitors are returning. Is there any surer sign we’re on the road to recovery? Makes me happy to see them in our convenience stores on the Cape, at the restaurants and businesses in town, and stocking up on groceries at the Pig. Talked to a snowbird this morning visiting for the ninth year straight; he said he and his wife really wanted to come back and support our community as they totally love our area, adding that Port St. Joe is just the perfect example of small town America. Have to agree with him. Also happy to report that apparently others our wanting to be part of our area as we closed one sale and worte up two new contracts; sellers added six new listings and changed prices on six others. Even with all of that activity our inventory remains unchanged from last week, closing out once again at 234, with 63 houses and 171 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. Let’s take a look at what’s moving.

The above two photos are of our single sale this week. It’s a 2-bedroom, 2-bath, 1200 square foot gulf front townhouse totally redesigned by Hurricane Michael. The circa-1984 is at Indian Pass Villas, a townhouse community next to a public beach access on C-30 about half a mile east of Cape San Blas Road. The seller bought it at the end of 2015 for $285,000, listed it on December 22nd for $169,000, had a contract on it exactly one week later, and closed last Friday for $160,000 cash.

Now on to our two new contracts starting off with this 4-bedroom, 3/2-bath, 3,400 square foot gulf front home located just a bit north of Scallop Cove. The sellers bought it as a bank-owned sale in mid-2009 for $515,000, and have it listed for $699,000.

We’ll head off of the Cape traveling east along C-30 towards the Indian Pass Raw bar stopping at Treasure Shores where this 3-bedroom, 2-bath, 1,469 square foot gulf view home on a little over half an acre on the north side of C-30 went under contract Thursday with a list price of $335,000. The home sustained some damage from Michael, most of which has already been repaired. The seller bought the place in early 2004 for $290,000.

And that does it for today. If you’re sitting surrounded by drifting white stuff of the frozen type and daydreaming about drifting white stuff of the sugar white sands variety, I hope you will consider spending some of your vacation time with us. We may still be a little scraped and bruised, but we are definitely back in business and ready to welcome you. I would encourage you to book early as competition for vacation rental homes is strong. Same goes for sellers and buyers: demand is strong, so if real estate transactions at the beach are part of your New Year resolutions, we need to talk. You can always reach me by calling or texting 850-227-5197 or emailing sherri@sherridodsworth.com. Either way, I hope to hear from you soon, and thank you so much for taking time out of your busy schedule to stop by today.

Reminder – if you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

Please follow and like us:

Comments Off on Cape San Blas Real Estate Week in Review – Jan. 19-25, 2019

Jan 18 2019

Cape San Blas Real Estate Week in Review – January 12-18, 2019

Published by under Cape San Blas

  Every week we make a bit more progress towards returning back to something that resembles normal, and this week the big step forward was the reopening of the state park, T.H. Stone Memorial Park, which has been closed since the storm and giving birth to two break away islands.  (Tampa Bay Times seems to think Michael was five months ago when it was only three, but whatever. They apparently have a casual attitude towards fact-checking). We closed two sales and wrote up two new contracts. Sellers put ten new properties on the market, but only adjusted one price. Our overall inventory swelled by seven, closing the week at 234, with 63 houses and 171 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.  Let’s see what buyers are looking for.

First Tier Lot at Cape San Blas Under Contract September 2018 with List Price of $185,000

The first of our two sales is on the Cape on Barbados Drive in Turtle Dunes, slightly north of Scallop Cove.  This irregularly-shaped, third-of-an-acre first tier lot listed for $185,000 went under contract in late September, shortly before Michael. I look at this photo through totally different eyes now and with a greater appreciation for what we had. The homes all look so nice and tidy with no blue tarps on the roofs, no debris piles surrounding them, siding in place rather than wide expanses of Tyvek, and so much greenery. I know much of this will be restored to its former glory in time, but it is easy to linger on these images and long for that time to be now again.  Anyhow, the lot last sold in the summer of 2015 for $135,000, and closed on Monday for $176,000 with the buyers using conventional financing.

We’ll leave the Cape and head east on C-30 for our second sale which is this 3-bedroom, 2-1/2-bath, 2,160 square foot gulf front vacation rental home with an in-ground pool that was listed on October 3 for $849,000, exactly one week before Michael.  It suffered a fair amount of storm damage such as the enclosed ground level area being washed away and roof damage, and on the first of December the seller changed the asking price to $699,000 “As Is”. That attracted a buyer shortly thereafter and it went under contract, but the deal fell apart and it came back on the market on December 22.The home was built in 1998, and the seller bought it in the summer of 2004 for $1.625M. Last week it went under contract again with that same “As Is” list price of $699,000, and on Friday this week it closed for $535,000 cash.

Now on to our two new contracts starting with this 65′ wide gulf front lot on Windy Lane in Paradise Gulf West a short distance south of Rish Park on the Cape. Located in a VE flood zone, the lot had a vacation rental house on it prior to Michael. The owners listed the lot on Monday this week for $525,000 and accepted a contract on it three days later.Here’s a link to the house that no longer is.

The second new contract is on a fourth tier, gulf view lot in Seagrass listed for $149,000. The owners acquired the 88′ by124′,quarter-acre property in mid-2013 as a bank-owned sale for $72,500.  Prior to that, it had sold in early 2005 for a whopping $435,000.

And just like that, we’re up to date. No doubt about it, this market has re-awakened and properties are moving again. We need inventory to meet demand. If you’ve been considering selling, by all means please give me a call; we’ll take a look at what you have and I’ll provide a free, no-obligation estimate of current market value for you to see if the time is right for you. Call or text me at 850-22-5197 or drop an email to sherri@sherridodsworth.com. Whether buying or selling, or just wondering what the latest news is from here, I’d love to hear from you, so give me a call. As always, thanks so much for taking time to stop by today.

Reminder – if you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

Please follow and like us:

Comments Off on Cape San Blas Real Estate Week in Review – January 12-18, 2019

Jan 12 2019

Cape San Blas Real Estate Week in Review – Jan. 5-11, 2019

Published by under Cape San Blas

Everything takes longer after Michael. Everything. For example, I held an Open House this week and of the Realtors who came through, over half are still displaced. These independent contractors are working full time living out of suitcases, juggling appointments with clients, prospects, insurance adjusters, contractors, bankers, roofers and myriad other players trying to earn a living while also struggling to get their own homes repaired or rebuilt during what is now the new normal day here. A pre-Michael business call that would have wrapped up in five or ten minutes now regularly stretches to 30 or more as callers fill each other in on where they are with their storm repairs. A commute that should take ten minutes easily stretches to 30 while traffic is stopped to allow for road repairs or line crews, or while slowing to a crawl to drive through patches of extremely rough damaged road surfaces. I mention these things only because in light of all this, it’s a testament to the dedication and professionalism of our local Realtor community that any business at all is taking place, and yet it is.

In the past week we had one closing, and five new contracts.   Seventeen new ‘For Sale’ signs went up, but sellers only adjusted three prices. Our inventory grew by seven, closing the week at 227, with 61 homes and 166 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. Let’s see what properties are attracting attention.

Treasure Shores Gulf Front Home Under Contract December 2018 with List Price of $649,500

Our one and only sale is in Treasure Shores, where the parties went to closing on this 4-bedroom, 3-bath, 1,978 square foot circa-1997 gulf front home. It was damaged by Michael and the sellers put it on the market on November 17 asking $649,500. According to the MLS, “Owners have installed two new A/C units and are in process of repairing windows, stairs and landscaping. Roof needs repair. FEMA insurance is available. Pre-Hurricane Michael revenue was over $43,000 through September, 2018“.  The sellers bought the house in December 2003 for $941,000 and sold it on Friday for $525,000, with the buyers reportedly using conventional financing.

The first of our five new contracts is on a bay view lot in Ovation towards the north end of the Cape. The sellers bought this 105′ by 50′, 0.11 acre property in late 2013 in a bank-owned sale for $27,000. On Wednesday they put it under contract with a list price of $39,900.

Cape San Blas Gulf Front Home Under Contract Nov 2018 with List Price of $998,000

Our second new contract may seem familiar as we looked at it previously when it went under contract in mid-November.  That contract didn’t work out, and it came back on the market on January 7.  This is a 4-bedroom, 3-bath 2,475 square foot home on a 50′ wide gulf front lot on Clifton Place near Scallop Cove, originally listed for $998,000, but that price was dropped to $599,000 on January 4 after the first contract failed.  According to the MLS notes, the house sustained “some wind and water damage, drywall being removed, treated for mold and will be ready to repair! Roof, pilings no damage“. The photo above is pre-storm. The sellers bought the house in 2010 as a bank-owned sale for $410,000.

We’ll turn right off of Cape San Blas Road and head over to Curve at the Cape, the first subdivision on your right after leaving the Cape.  Here buyers were attracted to this 60′ wide gulf front lot currently listed for $259,000. The sellers bought the property in 2016 for $250,000, a far cry from the $650,000 it commanded back in the summer of 2004. It was originally listed in September of last year for $294,000, but they dropped the price on October 2 to $278,000 and immediately went under contract. After Michael hit the following week, that deal headed south and it came back on the market with its current list price of $259,000.

Not far down the beach our fourth contract is on this 3-bedroom, 2-1/2-bath, 2,160 square foot gulf front vacation rental home with an in-ground pool that was listed on October 3 for $849,000, exactly one week before Michael.  It suffered a fair amuount of storm damage such as the enclosed ground level area being washed away and roof damage, and on the first of December the seller changed the asking price to $699,000 “As Is”. That attracted a buyer shortly thereafter and it went under contract, but the deal fell apart and it came back on the market on December 22.The home was built in 1998, and the seller bought it in the summer of 2004 for $1.625M. This week it went under contract again with that same “As Is” list price of $699,000.

Our fifth and final new contract is on this third-of-an-acre, first tier corner lot in Treasure Shores with awesome gulf views. The sellers bought it way back in 1997 for $32,500 – those were the days!  It’s FEMA eligible and this subdivision has no HOA fees – sweet. It has been on the market since July, and is scheduled to close by early March.

And that does it for today.  Good to see continued interest – the phones are ringing and email inquiries are up now that we’re into the new year as I has hoped and anticipated would be the case. As I said last week, demand for exiting homes is especially strong, so if you’re considering possibly selling, let me know and I’ll work out an estimate of current value for you. Because there are so few houses available for sale, demand for lots is not lagging far behind, especially for those buyers whose intent is to buy and hold for long term investment and for whom the current building wait times is not a concern. Either case, call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com and let’s take a look at it.

Reminder – if you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

Thanks for all of your support and encouragement – it means a lot, and thanks, too, for taking time to stop by today. Much appreciated. Have a great week and hope to hear from you soon!

Please follow and like us:

Comments Off on Cape San Blas Real Estate Week in Review – Jan. 5-11, 2019

Jan 04 2019

Cape San Blas Real Estate Week In Review – Dec. 29-Jan. 4, 2019

Published by under Cape San Blas

Happy New Year!!! Here’s hoping you, your family and friends welcomed 2019 in fun fashion. Around the Forgotten Coast, we weren’t thinking Happy New Year as much as we were Good Riddance Old Year. So glad to finally have 2018 in our rear view mirror; here’s a toast to 2019 being every bit as wonderful as 2018 was horrible for our area. We ended the year with the welcome relief of having the FEMA-funded debris removal trucks haul off the majority of the towering debris piles, from the Cape through C-30 and Indian Pass. It has been such a huge psychological lift to see them slowly disappearing as a constant painful reminder of Michael. Appliances still line our roadways, rumored to be scheduled for removal en masse towards the end of January, but they’ve become part of the landscape and we hardly notice them anymore.

With the new year comes renewed activity, and I am happy to report that I’ve been extremely busy this week, with both owners wanting information on market values of their properties and buyers seeking info on properties for sale. We had a good week, all things being relative in this period of recovery, with two closings and two new contracts. Sellers added two new listings, and changed the price on just one other. As is usual, at the stroke of midnight on New Year’s Eve a lot of listings expired, so we have our inventory dropping faster than the Times Square ball this week falling from 238 to 220, ending the week with 58 homes and 162 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Market MLS market. It will be telling to see how many of these lots especially renew and come back on the market as sales activity and demand for lots has slowed in recent months.

Cape San Blas House Under Contract August 2018 with List Price of $559,900

The first of our two sales is on Tampico Lane, the first of which is this 4-bedroom, 3 1/2-bath, 1,918 square foot home under contract with a list price of $559,900.  It’s nestled on a roughly quarter-acre, “X” zone lot, and was built in 2003. The sellers bought it in late 2004 for $625,000, and sold it on the 28th for $555,000. Tampico Lane intersects with Nassau Lane which runs parallel to the Gulf. When this property went under contract in late August, a long row of townhouses lined the lane overlooking the beach. Michael swept them all away, drastically changing the entire appearance of the neighborhood and thus the view from this home.

Cape San Blas Gulf View Home Under Contract May 2018 with List Price of $465,000

A bit north of The Tradin’ Post is Sea Dunes Lane where this recently renovated 2-bedroom, 2-bath, 1,248 square foot gulf view cottage went under contract in September with a list price of $464,900. If it looks a bit familiar, it may be because it was under contract briefly once before last May.  The sellers bought it in the summer of 2014 for $255,000 and have done an amazing transformation since them.  For all you HGTV fans of Fixer Upper, here are sample before and after pictures:

BEFORE:

Sea Dunes Kitchen Before

AFTER:

Sea Dunes After

Pretty impressive.  The happy new owners picked up the keys at closing on Monday for $460,000. Talk about a great way to welcome the new year!

Now on to our two new contracts, starting with this75′ by 112′ gulf view lot on the Cape peninsula in The Preserve at the Cape listed for $139,000. The Preserve is located south of Rish Park and just north of Seagrass. This was a direct sale from the developer so no sales history on it.

Our second new contract is on the south side of the Cape in San Blas Plantation, where buyers had their offer accepted on this 78′ by 171′, third-of-an-acre mixed use lot listed for $79,900. This property is just two lots over from where my office is located, and in close proximity to two rental companies and the ever-popular Scallop Republic, otherwise known as ‘The Cape’s Living Room’. The seller bought the property in 2013 for $35,000.

And that brings us up to date for the week.  I have many buying and selling opportunities available for you if you’re dreaming of coastal real estate this winter. Call or text me at 850-227-5197 or email to sherri@sherridodsworth.com and we’ll get started.  On a personal note, I want to thank you for all of the support you’ve shown to both our area and to me personally since Michael. I really can’t express adequately how much this has meant; ‘Thank you’ seems in adequate but I don’t know what else to say so, Thank You. Thanks so much for continuing to drop by, and I hope to hear from you soon.

Reminder – if you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

Please follow and like us:

Comments Off on Cape San Blas Real Estate Week In Review – Dec. 29-Jan. 4, 2019

Dec 28 2018

Cape San Blas Real Estate Week in Review – Dec. 22-28, 2018

Published by under Cape San Blas

Reminder – if you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

It was a short week with Christmas falling on Tuesday – I hope Santa took good care of you!  He brought us two closings but no new contracts.  Sellers added two new listings and changed prices on two others. Our inventory inched up by two, closing the week at 238, with 59 homes and 179 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. Let’s see what Santa delivered.

Cape San Blas Gulf Front Lot Under Contract September 2018 with List Price of $795,000

The first of our two sales is this gorgeous 117′ by 330′ gulf front lot that’s a bit shy of an acre located just south of Coneheads. When the sellers bought it in 2005 it had a lovely home on it and their purchase price was $1.4M.  The house burned down some years later and they were left with the lot alone which they had listed for $795,000. It’s a beautiful piece of property and this week it went for $665,000, or $5,684 per waterfront foot.

We’ll travel off the Cape and out onto C-30 past Indian Pass Raw Bar to our second sale which is this 2-bedroom, 2-bath, 1,168 square foot lagoon-front home listed for $284,900. The sellers bought the lot in 2001 for $55,000 and built the home two years later. This one was originally scheduled to close in late January, but they moved that up and closed on the 27th, with the buyer using conventional financing and paying $245,000.

Well, that was quick.  Next week will probably be quiet as well with New Year’s Day on Tuesday, but I think after that we should start getting back to business and start picking up a bit again. So now’s a good tme to start planning for the new year. Because of Hurricane Michael, existing homes are in high demand, so if you own a house here and have been thinking of selling, by all means give me a call and I’ll help you determine what you might be able to sell for now, even if you’re still dealing with storm recovery. Call or text me at 850-227-5197 or send an email to sherri@sherridodsworth.com .  I wish you a healthy and Happy New Year, and look forward to hearing from you soon. Have fun welcoming 2019 and stay safe.

Please follow and like us:

Comments Off on Cape San Blas Real Estate Week in Review – Dec. 22-28, 2018

Dec 21 2018

Cape San Blas Real Estate Week in Review – Dec. 15-21, 2018

Published by under Cape San Blas

Reminder – if you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

I sure hope Santa remembers to wear his galoshes when he visits the Cape on Christmas because we’re just one great big soggy, sloshy puddle after days and days of seemingly endless rain. I don’t know whether it was the weather or holiday travel but whichever there wasn’t much real estate shopping on gift lists as we closed only three sales and entered no new contracts. Sellers added one new listing but changed no prices.  Our total inventory of listings in the Cape San Blas, Indian Pass and C-30 Corridor market remains unchanged overall at 236 for the third week in a row, but with three more homes, 54 total, and the inventory of lots shedding three, closing at 182. Let’s see who went to closing.

The first of our three sales is a first tier, corner lot in Ovation under contract since November 6. A little history: The developer originally sold this parcel in the summer of ’05 for $775,000. That new owner cut it loose in 2014 for $148,500.The current seller bought it in 2016 for $200,000, and had it listed for $170,000. The new owner took title on the 14th for $164,406 using seller financing.

Cape San Blas Gulf Front Home Under Contract October 2018 with List Price of $1.299M

Down on the south side of the Cape in Southbeach our second sale is a 5-bedroom, 4-bath, 4,265-square-foot gulf front home with an in-ground pool listed for $1.299M. The sellers bought the lot from the developer in 2004 for $240,000 and built the house the same year. The MLS has no details as to what damage was sustained from the hurricane, but on Friday it closed for $1.233M. This home went under contract on October 22, 12 days after Hurricane Michael.

Our third sale is out along the C-30 Corridor, a 3-bedroom, 3-bath, 1,650 square foot home on 50′ of gulf frontage on an X-zone lot listed for $639,000. This one has an interesting sales history as well, turning three times in four years in the 2000’s: first in November 2002 for $480,000, then again in April 2004 for $710,000, then one final time the following July in 2005 for $1,045,000. We saw it here just last week when it went under contract and on Wednesday it closed for $562,000 with the seller paying closing costs.

And just like that we’re all caught up with the latest real estate info from the Cape. I believe things will pick back up again after the first of the year as people need places to live and vacation homes to rent.  With the existing home inventory as lean as it is, building will be the only other option and lot sales will most likely start moving again as well.

Our Christmas celebration here along the coast will be vastly different from any we’ve known before, but we have so much to be thankful for, not the least of which is the love and care we’ve received from all over our state, our region, our country.  We appreciate more than words can say all of the help ordinary folks have sent our way.  The Florida panhandle is one area you can ship those Christmas gift socks and underwear knowing they will actually be warmly welcomed!

Thank you for taking time out of your hectic holiday schedule to stop by today; hope to hear from you soon.  If I can help you with any real estate questions or needs, call or text me at 850-227-5197 or send a note to sherri@sherridodsworth.com.

I wish you a very merry Christmas with family and friends.

Merry Christmas

 

Please follow and like us:

Comments Off on Cape San Blas Real Estate Week in Review – Dec. 15-21, 2018

Dec 14 2018

Cape San Blas Real Estate Week in Review – Dec. 8-14, 2018

Published by under Cape San Blas

Reminder – if you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll send a copy of my blog post with the links to you each week.

You’d never know the Forgotten Coast was part of the Sunshine State this week as we have had nothing but rain, dreary gray skies, rain, wind and rain. Did I mention it has rained? Our puddles have puddles. Even so, buyers weathered it well and went shopping for real estate. In last week’s review of eight weeks of total activity since the storm we had logged eight closings and five new contracts; in the past seven days alone we’ve had three closings and three new contracts so things are definitely picking back up. In other action, sellers listed four new properties and changed prices on three others. Our total inventory of listings in the Cape San Blas, Indian Pass and C-30 Corridor market remains unchanged overall at 236 but with five fewer homes, 51 total, and the inventory of lots growing to 185. Let’s see what’s moving.

Cape San Blas House Under Contract December 2018 with List Price of $479,000

The first of our three closings is a property we saw here last week as a new contract. It is a heavily storm-damaged gulf front, circa-1999 3-bedroom, 2-bath, 1,312-square foot house with 62′ of water frontage listed for $479,000.  I remember when this house was built; it was on a fairly deep lot with heavily vegetated dunes seaward of it. Today it sits right at the surf’s edge. The MLS notes describe the storm damage thusly: “Post Hurricane Michael: siding, decking and slab beneath the home is under repair. Property will need electric meter box, HVAC and water heater. Minimal evidence of interior water intrusion. Painted metal standing seam roof appears to be undamaged“. The house last sold in mid-2000 for $269,900, and closed on Friday for $424,394.

This second sale is in conjunction with the previous sale. Here we have a 62′ wide gulf front RV site complete with electric, sewer and water listed for $269,000. The seller of the above home owned this lot as well and would not sell one without the other, so this one went along for the ride on Friday closing for $238,334.

Money Bayou 2nd Tier Lot Under Contract Nov 2018 with List Price of $75,000

Our third sales takes us off the Cape and out along C-30 to Money Bayou stopping at this minuscule 0.07-acre, 35′ wide second tier lot. The sellers have had it for quite some time as the property appraiser’s site lists no sales data on it. It’s in a VE flood zone.  It was listed for $75,000 and sold for $71,000.

Now onto our three new contracts, all of which are single family homes along the C-30 Corridor. First up is this 3-bedroom, 3-bath, 1,650 square foot gulf front home listed for $639,000. It has 50′ of water frontage and sits on an X-zone lot. Interesting sales history on this one as it turned thrre times in four years in the 2000’s: first in November 2002 for $480,000, then again in April 2004 for $710,000, then again the following July in 2005 for $1,045,000. It’s projected to close on the 19th of this month.

Not far down the beach our second contract is on this 3-bedroom, 2 1/2-bath, 2,160 square foot gulf front vacation rental home with an in-ground pool listed “As Is” for $699,000. The home was built in 1998 and needs repairs post-Michael. The seller bought it in the summer of 2004 for $1.625M. It’s projected to close by December 28th.

We’ll travel a few miles east on C-30 out past Indian Pass Raw Bar to our third and final new contract which is on this 2-bedroom, 2-bath, 1,168 square foot lagoon-front home listed for $284,900. The sellers bought the lot in 2001 for $55,000 and built the home two years later. This one’s not scheduled to close until late January.

That does it for this week. Demand for houses is strong right now for a number of reasons. First, a lot of locals are displaced, looking for new homes in our area, and since most lost all their furnishings as well in the flooding, furnished beach homes are looking pretty enticing. Second, our rental inventory of vacation homes took quite a hit, so homes that can be readily renovated and put on the rental program should do extremely well as people are still passionate about vacationing here. And thirdly, with all of the reconstruction going on, the waiting time in line for getting a new home built which was already long before Michael is just so much longer now, making existing homes all that more attractive even if they do need a little TLC and fixing up.  So if you’ve been toying with the idea of selling, now is definitely a good time for us to talk.  Call me at 850-227-5197 or email sherri@sherridodsworth.com to see what the current market might bring.

So glad to once again be bringing you up-to-date on our market.Thanks for hanging in there with me these past two months.  I appreciate your stopping by today and look forward to hearing from you soon.

Please follow and like us:

Comments Off on Cape San Blas Real Estate Week in Review – Dec. 8-14, 2018

Next »