Archive for August 10th, 2018

Aug 10 2018

Cape San Blas Real Estate Week in Review – August 4-10, 2018

Published by under Cape San Blas

For Sale Sold Sign  Great being off for two weeks but glad to be back.  I hope you caught my quick recap of those fourteen days in my previous post.  Since last Friday we have closed four sales, written four new contracts, sellers added thirteen new listings, and changed prices on eight others.  I find it absolutely amazing that with all the transactions since last we met here on July 21 our inventory has only inched up by one, closing this week at 300, with 89 houses and 211 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

One of 2 Adjacent Cape Lots Under Contract July 2018 Each Individually Priced at $69,000One of 2 Adjacent Cape Lots Under Contract July 2018 With a Combined Price of $138,000

The first two of our four sales  are adjacent lots on the corner of Sandlewood and Robinwood Drives in Peninsula Estates. This is one of the original subdivisions on the Cape, spanning from bay to gulf with all properties conveying with deeded access to both.  There is no HOA or HOA fees. It is located about a mile south of the entrance to the state park.  Both were listed for $69,000 each; the owners have had them for so long I didn’t find any sales data on them at the property appraisers site. On Wednesday, they closed for $61,250 apiece.

Gulf Front Lot on Cape San Blas Under Contract May 2018 with List Price of $549,000

Sale number three is a 51′ by 460′, 0.56-acre gulf front lot in Monarch Beach, a recently platted new development on the Cape just a bit south of Cape Palms Park. The developer asked for and got $549,000 for this lot, or $10,764 per waterfront foot.

Cape San Blas Gulf Front Lot Under Contract June 2018 with LIst Price of $325,000

Our fourth and final sale is down on the south side of the Cape in San Blas Plantation, the neighborhood in which my office is located. This 70′ wide, 1.1-acre gulf front lot on Sand Dollar Way was listed for $325,000, less than half the waterfront foot price we just saw on the north end of the Cape. The sellers bought the property in 2003 for $425,000, and sold it on Monday for $300,000.

Gulf View House at Cape San Blas on Florida's Forgotten Coast Under Contract August 2018 with List Price of $487,500

For the first of our four new contracts, we’ll head down to the south side of the Cape stopping on Polaris Drive in Surfside Estates where the parties came to an agreement on Friday on this 5-bedroom, 4 1/2-bath, 2,178 square foot gulf view home listed for $487,500. The sellers bought the 0.18-acre, 75′ by 100′ second tier gulf view lot back in 1995 for $29,500 and built the home in 2003.

Gulf Pines Gulf Front Lot Under Contract August 2018 with List Price of $499,900

We’re leaving the Cape again, heading east along C-30, pulling into Gulf Pines where buyers had their offer accepted on this 100′ by 348′, 0.8-acre gulf front lot listed for $499,900. It last sold in late 2008 for $644,000. This is a FEMA-eligible neighborhood with HOA fees of only $200 per year.

Gulf Front Lot at Indian Pass on Florida's Forgotten Coast Under Contract August 201 with List Price of $279,000

Next stop, Indian Pass, home to our last two contracts, starting off with this 50′ wide, half-acre gulf front lot on Broken Arrow Lane listed for a very attractive $279,000. The sellers picked it up on early 2009 for $204,000.

Indian Pass Lagoon Front Lot Under Contract August 2018 with List Price of $139,500

At the far eastern end of the Pass, sellers accepted an offer on their roughly one acre lagoon front lot listed for $139,900, a nice decimal shift and then some from the $38,500 they paid for it back in 1995. This one is located just before you get to the boat ramp at the tip of the peninsula.

And that brings us up to date. Big news around here this week was a feature story in Fox Business News that listed the Top 25 U.S. vacation rental markets for investors, and their rankings, in order, ranked our very own Forgotten Coast at Number 1.  Still trying to digest that, but it should definitely have an impact here over the next few months, so whether you’re considering buying or selling, it’s time to talk. Cal or text me at 850-227-5197 or drop and email to and we’ll explore what opportunities may be available to you.

Great to be back – thanks so much for stopping back by.  Hope to see you here again next week.

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Aug 10 2018

Market Update For My Two Week Summer Break

Published by under Cape San Blas

I hope everyone is enjoying these last few weeks of summer. I returned to work this past Monday after two weeks off to rest and recharge, blissfully totally digitally unplugged. I learned a lesson though – I should have mentioned that  in my July 20 post in the first paragraph rather than the last because I’ve received a lot of texts, emails and calls asking if I’ve retired the blog or expressing concern about my well being.  I apologize for the confusion. Next time I’ll know better!  Thank you so much for your concern!

I’ve had a crazy busy work week trying to get caught up with my business as you can well imagine which allowed no time for writing in detail about all of the closings and new contracts for three full weeks. So in order to get us back on track and up-to-date with my weekly reviews, I’ve decided to write this post to provide you with links to sales, new contracts, new listings and price changes that happened between July 21 and August 3.  I’ll follow it with our usual format for the past week from last Saturday through Friday.

So here we go!  During my time off we

And with that, we’re current through last Saturday, August 4.  I’m working on that post and hope to have it up within the next 24 hours.

Thanks so much for hanging in there with me!  I’ve missed my readers and am glad to be back to doing what I love most – listing and selling real estate, and telling you all about our market!


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