Feb 24 2017

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

Published by at 8:10 PM 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.

Please follow and like us:

2 comments so far

2 Comments to “Cape San Blas Real Estate Week in Review – Feb. 18-24, 2017”

  1. Steve Barkleyon 26 Feb 2017 at 7:21 PM

    New yellow house is grossly overpriced. Someone has lost their mind or paid way too much for that quarter acre lot which your Dimensions do not equal.

  2. Sherri Dodsworthon 26 Feb 2017 at 8:01 PM

    This data is from the MLS feed. I have reported the inaccuracy. Thanks for the heads up.