Oct 07 2016

Cape San Blas Real Estate Week in Review – October 1-7, 2016

Published by at 11:34 PM under Cape San Blas

For Sale and SoldAs I write this, all eyes are on Matthew as he makes his way slowly up the Florida coast towards Georgia and South Carolina. So sad to see the footage and photos of the serious flooding in St. Augustine, one of my favorite places of all. I’m hoping the storm continues to stay offshore as it has to the southern part of our state’s coastline. Florida dodged a serious bullet on this one;  50-mile shift to the west and Matthew would have left a totally different legacy.

Here along the Forgotten Coast we had another unusually quiet week, closing only two sales and adding two new contracts.  Sellers added nine new listings to the mix, and changed prices on twelve others. Our inventory managed to shed one, closing the week at 262, with 91 homes and 171 lots listed for sale in the Cape San Blas, Indian Pass, C-30 Corridor market. Let’s see what buyers were attracted to this week.

4+Acres on the Gulf in Cape San Blas Under Contract with List Price of $2.298M

The first of our two sales is a rare find, indeed.  Investors snapped up this 4.3-acre, 200′ by 900′ gulf front parcel listed for $2.298M. If it looks somewhat familiar that may well be because it briefly had another contract on it back in mid-June that didn’t work out. With county density regulations allowing for three dwelling units per acre, this land could potentially be subdivided into 12 or 13 lots, which in a way would be kind of sad to see.  The seller has owned this land for quite some time so I didn’t find any sales data in the property appraiser’s records. The new owners took title on Tuesday for $1.75M.

Indian Pass Gulf Front Lot Under Contract September 2016 with List Price of $219,900

Our second sale is over on Indian Pass, where the parties closed on this 50’ wide, 578’ deep, 0.66-acre gulf front lost listed for $219,000.   The sellers bought it in the summer of 2000 for $190,000, and sold it on Monday for $205,000.

gulf-front-home-near-csb-under-contract-october-2016-with-list-price-of-689000

Both of our two new contracts are on gulf-front houses, the first being this 4-bedroom, 3-bath, 2,200 square foot circa-1997 gulf-front home listed for $689,000. It’s located on a 0.67-acre lot with 50′ of waterfront out along C-30 between Gulf Pines and Treasure Shores, an area along the stable south-facing beach eligible for FEMA flood insurance. Back in the summer of 1997, the sellers bought the property for a modest $297,900.

bank-owned-indian-summer-house-under-contract-october-2016-with-list-price-of-750000

Our other contact is on this 5-bedroom, 3 1/2-bath, 3,016 square foot gulf front home near Turtle Beach Inn in Indian Summer, situated on 68′ of beautiful waterfront. It was on the auction block with a list price of $750,000; the previous owners paid $1,565,000 for it in June 2005. It’s vacant and unfurnished, and in need of some TLC as it has been sitting vacant for quite some time now.

I’m thankful Florida has been spared from potentially heavier damage from Hurricane Matthew, and my thoughts and prayers tonight are with our neighbors to the east of us in Georgia and South Carolina with hopes that Matthew heads out to sea to save them from serious impact.

That’s a whirlwind wrap up for the week.  There are still a lot of great opportunities in the inventory so let me know if you’d like to see if there’s something that’s just perfect for you.  Call or text me at 850-227-5197 or write me at sherri@sherridodsworth.com and we’ll get started.  Have a terrific week, and hope to hear from you soon. Thanks so much for stopping by today.

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2 comments so far

2 Comments to “Cape San Blas Real Estate Week in Review – October 1-7, 2016”

  1. Kit Meechamon 15 Oct 2016 at 9:32 AM

    Love your blog!

  2. Sherri Dodsworthon 15 Oct 2016 at 12:41 PM

    Thank you so much!