Dec 22 2017

Cape San Blas Real Estate Week in Reivew – Dec. 16-22, 2017

Published by at 8:08 PM under Cape San Blas

For Sale Sold SignWrapping presents and holiday parties apparently filled most peoples’ schedules this week and some of those bows were wrapped around gifts of coastal real estate with shoppers closing five sales and writing two new contracts; sellers added two new listings, and changed prices on two others. Our inventory shed four, ending the week at 278 with 82 homes and 196 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor markets.

Cape San Blas Fist Tier Cottage Under Contract November 2017 with List Price of $352,500

We’ll start our review of this week’s five sales with this 2-bedroom, 2-bath, 966 square foot first tier cottage overlooking the Gulf over White Sands Drive in San Blas Shores just north of Ovation.  The sellers bought it at the height of the market back in the summer of 2004 for  $386,000 and had it listed for $352,500 when it went under contract in early November. Last Friday the new owners took title for $325,000.

Mobile Home at Cape San Blas Under Contract October 2017 with List Price of $199,000

Here’s a bit of a change of pace from what we typically see offered for sale on the Cape. Down behind the trading Post on Jamaica Drive we have a sale of a mobile home listed in mid-October for $199,000. It is situated on a third of an acre lot measuring 102′ by 150′, and includes an RV hookup and pad.  The 448 square foot mobile home has a new HVAC system and gas range.  The seller bought the property in 2015 for $154,000 and sold it on Wednesday for $187,500.

Gulf Front Home Under Contract October 2017 with List Price of $674,900

We’ll leave the Cape for sale number three travelling east on C-30 to this 3-bedroom, 2-bath, 1,517-square foot gulf front home in Gulf Pines listed for $674,900.  This neighborhood is FEMA eligible, has no HOA, and voluntary HOA fees of just $200 annually.  The sellers purchased the home with 100′ of water frontage in late 2002 for $665,000, and sold it on Wednesday for full list price of $674,900.

Treasure Shores 2nd Tier Gulf View Lot Under Contract November 2017 with List Price of $69,000

Heading further east along C-30 we come to Treasure Shores, site of our fourth sale. In mid-November sellers accepted an offer on their 100′ by 352′, 0.82 acre second tier gulf view lot.  They bought it in early 2002 for $70,000 and had it listed for $69,000. The property is FEMA eligible, and includes deeded gulf access.  On Tuesday they sold it for $60,000.

Indian Pass Gulf Front Lot Under Contract Dec. 2017 with LIst Price of $499,900

We’ll wrap things up over on Indian Pass with this 100′ by 38′, 0.8-acre gulf front lot listed for $499,900.  This gulf front parcel is being separated from the lagoon side portion that sold in October for $325,000.  According to the MLS, it went under contract last Saturday and closed on Friday for $445,000 cash.

Nearly 2 Acres of Gulf Front on the Cape Under Contract Dec 2017 with List Price of $975,000

Now on to our two new contracts starting with this  99′ by 760′, 1.8-acre gulf front parcel on Flamingo Drive, just south of Coneheads on the north end of the Cape.  The seller has owned it since 1983 when county records indicate she purchased it for $65,000, basically $161,000 in today’s inflation-adjusted dollars.  On Tuesday it went under contract with an asking price of $975,000.

Cape San Blas First Tier Lot Under Contract Dec 2017 with List Price of $149,999

Down on the south side of the Cape in Two Palms, a neighborhood adjacent to Salinas Park, buyers penned a deal on this 68′ by 193′, third-of-an-acre first tier lot listed for $149,999.  The lot is being sold by the original developer of the subdivision.

That brings us up to date for the week. The weather forecast says Santa is set to bring us bring us sunny Christmas weather in the mid-60’s so it looks like a perfect beachy holiday is in store. I wish you a warm and wonderful holiday celebration with family and friends.  Have a very Merry Christmas, and I hope to see you back here next weekend for our final review of the year.

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