Archive for the 'Cape San Blas' Category

Jul 03 2015

Cape San Blas Real Estate Review – June 20 – July 3, 2015

Published by under Cape San Blas

For Sale and SoldWhat a wild and wonderful whirlwind two weeks it has been since last we met.  Lots of excitement with our company, Boardwalk Realty, and Coastal Realty Group melding into one great big, happy, power-house real estate family. I’ve been working with so many wonderful buyers helping them negotiate contracts, and with several sellers getting their properties ready for market. In the past fortnight, our MLS has recorded nine sales and nine new contracts, eleven new listings, and fourteen price changes. We welcome the holiday weekend with our inventory slimmer by three, at 266, with 84 homes and 182 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.  We have a lot to see today, so let’s get rolling!

Cape San Blas Bay Front Lot Under Contract May 2015 with List Pirce of $250,000

The first of our crop of nine sales has us starting off on the north end of the Cape on the bay side with a 60′ by 552′ bay front lot adjacent to the state park that went under contract at the end of May with a list price of $250,000. This listing was added the same day the sellers put it under contract. The property is a portion of a 5-acre parent parcel with 423′  of waterfront the sellers purchased in mid-April for $400,000, and they’ve now sold this newly platted lot for $225,000.

Ovation at Cape San Blas First Tier Gulf Side Lot Under Contract June 2015 with List Price of $199,000

Two of our sales are in Ovation, starting with this gulf side first tier lot listed for $199,000. The seller got a steal of a deal on it in December 2013, picking it up at a bank sale for a very sweet $86,000, a far cry from the $775,000 the developers sold it for in 2005.  On Monday it closed for $171,000.

Bay View Lot in Ovation at Cape San Blas Sold June 2015 for $72,500

Over on the Bayside of Ovation, the parties negotiated an agreement on this bay view lot on the 24th, and closed on the 2nd.  This is the third time in as many years this property has changed hands, having been sold by the developer in May 2012 for $22,500, then again in February of 2013 for $35,000, and finally this time around for $72,500. The sellers had it listed for $77,500.

Cape San Blas Gulf Front Home Under Contract June 2015 with List Price of $429,000

We’ll mosey about a mile southward to Rosemary Dunes, where the parties closed on this 3-bedroom, 3-bath, 1,900 square foot gulf front home nearing completion sporting a $429,000 price tag.  It’s nestled on a 40′ wide, “X” zone lot just south of Rish Park, and on Thursday the buyers picked up the keys to their beach dream at closing for $401,500.

Cape San Blas Interior Home Under Contract May 2015 with List Price of $349,900

We’ll head on down to the south side of the Cape now for our next sale, a comfy 3-bedroom, 2-bath, 1,568 square foot gulf view home on Pebble Beach Drive that was listed for $349,900. It’s owner-occupied, very well maintained and has a pleasant distant view of the gulf from the decks.  The sellers bought the lot alone in 2001 for $48,500 an sold the home on Wednesday for $328,000.

Interior Lot in Villa del Sol at Cape San Blas Under Contract May 2015 with List Price of $39,900

No, this isn’t a shot of a lunar landing site, it’s Villa del Sol, a remnant from the real estate bubble peak when developers did this project on acreage spanning from gulf to bay. They bulldozed from the road to the gulf, sank a fortune into infrastructure and advertising, then went bust, only managing to sell about a half a dozen lots before doing so.  This is one of those lots. The sellers bought it in the summer of 2005 for $460,000 and put it under contract in late May with a list price of $39,900.  New owners took title on the 26th for $38,500. Villa del Sol was bought by a group of investors about two years ago so hopefully they will be able to breathe new life into the project.

Cape San Blas First Tier Lot Under Contract May 2015 with List Price of $69,900

A few blocks past Villa del Sol is a  little-known micro-subdivision of Lantana by the Sea, home to our sixth sale, an irregularly-shaped first tier lot listed for $69,900, which sold last week for $55,000. The large portion of this lot is listed as being 40′ wide by 215′ deep.

Gulf Vew Lot Under Contract June 2015 with List Price of $65,000

Our eighth sale takes us off the Cape and out on to C-30 and over to Treasure Shores First Addition, just west of Indian Pass Raw Bar.  The sellers had a 100′ by 300′, 0.69-acre lot listed for $65,000 that they sold for $58,000. They bought it in late 2002 for $87,500.

Indian Pass Interior Lot Under Contract June 2015 with List Price of $99,500

Our ninth and final sale is over at Indian Pass where this 75′ by 110′ “X” zone interior lot on Palm Street in Indian Pass Beach Subdivision went under contract in mid-June with an asking price of $99,500. The sellers bought it in late 2013 for $75,000, and sold it last week for $89,500.

Park Point Lot at Cape San Blas Under Contract July 2015 with List Price of $55,000

Eight of our nine new contracts in the past two weeks are on Cape properties, beginning with this quarter-acre lot up in Park Point on the north end of the cape.  This secluded little subdivision adjoins the state park, and is a quiet and peaceful setting.  The sellers bought the lot in 2012 for $25,000, and have it under contract with a list price of $55,000.

Barrier Dunes X Zone Townhouse Under Contract July 2015 with List Price of $269,000

Our next two contracts are in nearby Barrier Dunes, starting with this 2-bedroom, 2 1/2-bath, 1,377 square foot townhouse listed for $269,000. This circa 1990 home is one of a very few homes in this complex located in the X flood zone. The sellers bought it in early 2006 for $364,000.

Barrier Dunes Parkside Townhouse Under Contract July 2015 with List Price of $187,000

Over on Parkside buyers made an offer on this 3-bedroom, 3 1/2-bath, 1,172-square foot townhouse built in 19895.  The sellers bought it in 1999 for $78,900 and have it listed for $187,000.

Cape San Blas Road Front Lot Near Park Under Contract July 2015 with List Price of $92,000

Less than a quarter-mile south of Barrier Dunes not far from Coneheads restaurant, this gulf view lot attracted a fan who saw the $92,000 price tag and took the plunge.  This property is one lot of a 3-lot minor replat of the parent tract which originally ran from Cape San Blas Road to the gulf and is the first time it has sold since that replat.

Cape San Blas Home Under Contract July 2015 with List Price of $299,900

Peninsula Estates is home to our next contract which is on this 3-bedroom, 2-bath, 1,298-square foot home originally built in 1987 but has gone through extensive renovations since.   This subdivision spans from gulf to bay, and all owners enjoy deeded to access to both.  This home is on the bayside of the community.  The sellers bought the property in August 2005 for $350,000 and subsequently renovated, re-furnished, and added an in-ground pool.  Buyers have it under contract with a list price of $299,900.

Cape San Blas Bay Front Estate Under Contract July 2015 with List Price of $675,000

Here’s a beauty on the bay. Situated on 2+ acres with 125′ of bay front, this 3,455 square-foot stately home has an enclosed air conditioned Florida room with built-in smoker grill, dining table and sitting area facing the bay bringing the outside inside. There are two complete master suites, 4 bedrooms total, and 3.5 baths. Outdoor deck is just off the Florida room and a screened porch perfect for viewing the wild life. There is a shared dock and a small private pond on the grounds.  The sellers are asking what they paid for it in mid-2010, $675,000.

Cape San Blas Duplex Under Contract July 2015 with List Price of $219,000

We’re heading south down Cape San Blas Road a mile or so to Antilles to this duplex where one side went under contract Tuesday with a list price of $219,000. The 2-bedroom, 2 1/2-bath, 1,400 square foot unit is located in an X zone, and last sold in June 1999 for $80,400.

Cape San Blas Lot in Jubilation Under Contract July 2015 with List Price of $62,500

Down on the south side of the Cape in Jubilation buyers had an offer accepted on this 50′ by 85′, 0.10-acre X-zone lot listed for $62,500. The sellers paid $395,000 for it in December 2004, but it is not listed as a short sale.

Indian Pass Second Tier Lot Under Contract July 2015 with List Price of $29,900

Our ninth and final new contract takes us back over to Indian Pass to the Reservation.  Here buyers penned a deal on this 52′ by 170′, quarter-acre second tier lot listed for an attractive $29,900. The sellers paid $33,500 for it in mid-2012.

And that’s a wrap!  I want to take a moment to apologize for not honoring my commitment last Saturday to have last week’s review posted by Sunday. Between working with so many wonderful buyers, the company merger, and setting up several new listings, my To-Do list simply exceeded hours on my calendar.  Glad to be back today and getting the market news out to you.  There is a lot of demand for property, so if you’re thinking of buying or selling, I’d love to help you. Call or text me at 850-227-5197 or reach me at sherri@sherridodsworth.com . With Boardwalk and Coastal Realty combining our considerable resources, we’re poised stronger than ever to provide the expertise, marketing resources, and attention to detail you deserve.

Have a safe and exuberant Independence Day Weekend – hope to see you back soon!

 

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Jul 01 2015

Exciting News! Boardwalk Realty Has Merged with Coastal Realty Group

Published by under Cape San Blas

What an exciting, busy, wonderfully crazy week this has been!  So happy to announce that our company, Boardwalk, has merged with Coastal Realty Group as of today, July 1.  Which jut also happens to be my birthday – Happy Birthday to Me!!!!  Our new Broker, Preston Russ, sent out the following announcement this morning.

It is with great pleasure that I get to announce that effective today Boardwalk Realty is merging with Coastal Realty. Boardwalk has an amazing broker, Libia Taylor and I have always admired her for her professionalism. She and all of her team of agents will stay on and become a part of Coastal Realty Group. Coastal Realty Group and Boardwalk both offer a proven marketing approach to make this a winning opportunity to all involved in this endeavor

Coastal Realty Group will now be the largest real estate brokerage in the Forgotten Coast with 5 offices: Cape San Blas, Port St. Joe, St. George Island, Carrabelle, and their new headquarters at 1252 Cape San Blas Rd, former home to Boardwalk Realty. Libia Taylor, Eli Duarte, Sherri Dodsworth, Chris Petrie, Gabrielle Piergiovanni and Ed Mitchem will continue to practice real estate and perform outstanding client and transaction care under the umbrella of Coastal Realty Group. To see the Realtors at that office, check out the csbrealestate.com website.

And I am sure that many of you have read Sherri’s blog before. See it now at

capesanblasblog.com.

Coastal Realty was the sales volume leader for all of Gulf County last year and YTD this year. With our expansion and increased team size we should continue to dominate the market in this area for years to come.

Between the merger going on and working with so many buyers excited about finding their beach dream, my Saturday post from last week will be wrapped into a mega-review this weekend.  I hope you’re ready for a terrific holiday weekend – we’re ready to celebrate!!!!!!!!!!!

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Jun 26 2015

Hot, Hot, Hot!

Published by under Cape San Blas

Friday, June 26. 8:15 p.m. Still negotiating contracts with buyers. Nice! Showing property all day Saturday. Nice! Definitely looking like a Sunday posting shaping up.  Be sure to check back as there has been LOTS of action this week, with five sales, six new contracts, seven new listings,  and six price changes. I’ll be back on Sunday to give you the 411 on those sales and new contracts, so please make a note to stop by.

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Jun 20 2015

Cape San Blas Real Estate Week in Review – June 13-19, 2015

Published by under Cape San Blas

For Sale and Sold SignOur real estate market continues to sparkle as brightly as our beautiful sun-kissed beaches, as we wrapped up another good week with three sales and three new contractsseven new listings and six price changes. Our inventory grew by one closing the week at 269, with 83 homes and 186 lots listed in the Cape San Blas, Indian Pass and C-30 Corridor MLS market,.

Cape San Blas Intreior Townhouse Under Contract May 2015 with List Price of $205,000

The first of our three sales is in Barrier Dunes where this 2-bedroom, 2-baht, 1,152-square foot end-unit went under contract in mid-May with a list price of $205,000. In March of 2011 the sellers paid $125,000 for it in a distressed sale. They’ve furnished it and done an awesome renovation on the interior, and sold it on Tuesday for $230,000.  Nicely done.

Cape San Blas Gulf Front Townhouse Under Contract May 2015 with List Price of $249,900

Out second sale is on another townhouse unit, this one a 2-bedroom, 2-bath, 1,120 gulf front end-unit townhome at Cape Shoals listed for $249,000. The sellers bought it in mid-2009 for $210,000, and sold it on Tuesday for $230,000.

Cape San Blas First Tier Lot Under Contract with LIst Price of $145,000

Sale number three takes us to Barbados Lane in Turtle Dunes to an irregularly shaped first tier lot that went under contact May 5th with a list price of $145,000, a nice little profit over the $76,000 the sellers picked it up for less than six months ago last December.  The new owners paid $135,000 cash for it at closing on Friday.

Gulf View Home in Jubilation at Cape San Blas Under Contract June 2015 with List Price of $529,000

The first of our three new contracts is a charming classic southern beach-home in beautiful Jubilation on the south side of the Cape. Beautifully furnished and being sold turn-key ready, this 3-bedroom, 3-bath, 2,072 square foot gulf view home built in 2011 went under contract on Thursday sporting a $529,000 price tag.  There are impressive views of the gulf from the screened porches, and the gorgeous gulf front community pool is only a short stroll away.  My buyers are going to build a lot of lifetime memories in this lovely home.

Gulf First Tier Lot Near Cape San Blas Under Contract June 2015 with List Price of $130,000

Our second contract takes us off the Cape heading east along C-30 to Gulf Pines where this 100′ by 65′, 0.65-acre first tier lot went under contract on Wednesday with a list price of $130,000. The sellers have had this one a long time, picking it up in 1983 for $30,000. Gulf Pines is a quiet little neighborhood of attractive homes, is FEMA-eligible, and their HOA fees are only $100 per year.

Indian Pass Interior Lot Under Contract June 2015 with List Price of $99,500

We’ll close the week over at Indian Pass where our third contract is on a 75′ by 110′ “X” zone interior lot on Palm Street in Indian Pass Beach Subdivision. The sellers bought it in late 2013 for $75,000, and penned a deal on it with buyers Thursday with an asking price of $99,500.

That does it for this week. We’re moving a lot of value-priced properties, so as we like to say along the beach, “the water’s fine – jump on in”! If you’d like to test the waters for some great deals, call or text me at 850-227-5197 or email me at sherri@sherridodsworth.com and we’ll get to work. Until then, have a great week, don’t forget that sun screen, and thanks for taking time to stop by today.

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Jun 13 2015

Cape San Blas Real Estate Week in Review – June 6-12, 2015

Published by under Cape San Blas

For Sale Sold SignOur healthy market pace continues this week as we closed four sales and added three new contracts.  Sellers added five new listings, and changed priced on six others. Not surprisingly, our inventory increased, up by three, closing the week at 268, with 83 homes and 185 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. Let’s see what’s moving.

Cape San Blas Bay Front Lot Under Sold June 2015  for $265,000

We begin our review of this week’s four sales with this 2-acre bay front parcel across the street from Cape Palms Park.  It’s three lots being sold as one, and there is already a beautiful sturdy dock in place. The sewer tap fees have also been paid. The sellers were asking $285,000 for the property, and sold it on Friday for $265,000.

Cape San Blas Gulf View Duplex Under Contract February 2015 with List Price of $215,000

Our second sale is located mid-way down the Cape peninsula on Aruba Lane in Cape Sands Landing where this 1,600 square foot, 2-bedroom, 2-bath, duplex half went under contract in early April with a list price of $215,000.  This circa-1985 “X” zone gulf view home last sold in early 2004 for $275,000, well above the $205,000 it settled for this week.  The seller also contributed $7,000 towards the buyers’ closing costs.

Cape San Blas Gulf Front Home Under Contract May 2015 with List Price of $625,000

Tiffany Lane is about two miles south of Ovation and here we have a closing on a 3-bedroom, 2 1/2-bath, 1,620 square foot gulf front home that was listed for $625,000. It’s situated on a 50′  wide lot located in a VE flood zone.  The sellers bought it as a brand new home in January 2001 for $460,000, and sold it on Friday for $540,000.

Gulf View Home at Money Bayou Under Contract April 2015 with List Price of $297,900

Our fourth and final sale is over in Money Bayou, were this 2-bedroom, 2 1/2-bath, 1,026-square foot gulf view home went under contract in late April with a list price of $297,900. Last October, the seller bought it as a tax deed sale for $166,000, and turned a nice little profit at closing on Thursday, picking up a check for $293,000.

Ovation at Cape San Blas First Tier Gulf Side Lot Under Contract June 2015 with List Price of $199,000

Two of our three new contracts are in Ovation, starting with this gulf side first tier lot listed for $199,000. The seller got a steal of a deal on it in December 2013, picking it up at a bank sale for a very sweet $86,000, a far cry from the $775,000 the developers sold it for in 2005.

Ovation at Cape San Blas Bay Side Lot Under Contract June 2015 with List Price of $60,000

Across the street in the bay side of Ovation, buyers penned a deal on a 0.16 acre “X”-zone lot on Pinnacle listed for $60,000. These sellers bought it for $38,000 in early 2011, contrasted with the $355,000 the developers sold it for in late 2005.

Cape San Blas Gulf Front Home Under Contract June 2015 with List Price of $549,900

Our third and final new contract is on Belize Drive, a little north of Scallop Cove. Buyers liked this 3-bedroom, 3 1/2-bath, 1,997-square foot gulf front home listed for $549,900. Situated on a 50′ wide span of waterfront.  The sellers have owned it since 1999 when they bought it brand new in 1999 for $398,500.

And just like that, we’re all up-to-date.  There are still some very attractive opportunities on the market so if you’re toying with the idea of calling a piece of coastal property your own, let’s get to it. Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll get started. Have a terrific week, and thanks so much for taking time to stop by today.

 

 

 

 

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Jun 05 2015

Cape San Blas Real Estate Week in Review – May 30 – June 5, 2015

Published by under Cape San Blas

For Sale Sold SignWe’re in full summer mode with lots of visitors having fun at the beach and out on the bay. Several took a break from the sun and surf long enough to buy some of that coastal property, closing six sales and penning three new contracts. We added seven listings to the mix, and lowered prices on eight others. Our inventory grew by three, ending the week at 265, with 83 homes and 182 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Cape San Blas Townhouse Under Contract Jan. 2015 with List Price of $249,000

We’ll begin our review of this week’s six sales on the north end of the Cape in Sea Cliffs, where this 4-bedroom, 4 1/2-bath, 1,944 square foot townhouse went under contract the first week of January as a short sale with a list price of $249,000. The sellers bought it in early 2006 for $570,000, nearly double the $300,000 it sold for just five years prior in 2001.  The bank finally approved the short sale terms, and after patiently waiting for five months, the new owners got to pick up their new keys at closing for $235,000.

Cape San Blas Barrier Dunes Townhouse Under Contract May 2015 with List Price of $214,000

Our second and third sales are just next door in Barrier Dunes, beginning with this 2-bedroom, 2-bath, 1,377 square foot home built in 2002 priced at $214,000. It wasn’t listed as a short sale even though the county records indicate the sellers paid $285,000 for it in November 2006.  On Monday it closed for $196,000.

Barrier Dunes Townhouse Under Contract April 2015 with List Price of $195,000

Just around the corner on Parkside, this 2-bedroom, 2 1/2-bath, 1,377 square foot townhouse attracted a buyer in early April with its $195,000 price tag. The sellers bought it from the developer in 2002 just after it was built for $168,100, and sold it on Monday for $178,000.

Cape San Blas Gulf Front Lot Under Contract May 2015 with List Price of $239,000

Our fourth sale fronts the beach down towards the rocks near Stumphole. This 110′ wide lot went under contract just last week with a list price of $239,000. It sits seaward of the CCCL line so will require DEP permitting in order to build. The sellers have a received a 15′ setback from the road variance from the county. They paid $460,000 for the property in June 2004, and sold it this week for $200,000 cash.

Cape San Blas Gulf Front Condo Under Contract April 2015 with List Price of $349,000

Next up is this gulf front condo at The Club at Cape San Blas. These are absolutely lovely units, with gleaming antique pine floors. Someone snapped up a 3-bedroom, 2-bath, 1,440 place for $340,000, just a bit below the list price of $349,000.

Bank-Owned Interior lot at Cape San Blas Under Contract May 2015 with List Price of $33,000

Our sixth and final sale is a bank-owned property with a very sad past in Villa del Sol subdivision on the south side of the Cape. Back in May of 2005, the original developers sold it to a buyer for $750,000. A year later he listed it for sale for $725,000, willing to take the loss, but was never able to attract a buyer. The bank acquired it just last month, listed it for $33,000 and sold it for that on Wednesday.

Cape San Blas Gulf Front Home Under Contract June 2015 with List Price of $429,000

Now on to our three contracts, starting in Rosemary Dunes, where buyers reached an agreement with the seller of this 3-bedroom, 3-bath, 1,900 square foot gulf front home nearing completion sporting a $429,000 price tag.  It’s nestled on a 40′ wide, “X” zone lot just south of Rish Park.

Bay View Home Under Contract June 2015 with List Price of $387,000

Buyers had an eye for new construction this week. Over along C-30 in Simmons Bayou, this recently completed 3-bedroom, 3-bath, 1,781 square foot bay front home in Shallow Reed went under contract Wednesday with a list price of $387,000. After years of sitting dormant, it’s nice to see this subdivision finally coming to life, with several other houses underway and a couple already sold.  Bay front lots in here are selling for $99,900.

Gulf Vew Lot Under Contract June 2015 with List Price of $65,000

Our third and final new contract take us in the opposite direction on C-30, to Treasure Shores First Addition, just west of Indian Pass Raw Bar.  The sellers have a 100′ by 300′, 0.69-acre lot listed for $65,000. They bought it in late 2002 for $87,500.

Competition for properties is strong. Since the first of this year, the sale-to-list price in our market (Cape San Blas, Indian Pass, C-30)  for single family homes has averaged 97%; for lots 93%. Just two years ago those figures were 91% and 85% respectively.  Getting an offer accepted with a deep discount on the list price is definitely the exception rather than the rule. You now have to adjust and start structuring your offer with the mindset that if a particular listing has caught your interest, there’s a better than average chance it has caught someone else’s, too, and you should assume you might not get a chance to make a second run at it. Make a good, sound, strong offer right from the start if you seriously want a particular property.  If you’re interested in buying or selling, call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll get started. There are still great values out there but they won’t last forever. Someone’s going to get them – might as well be you.  Have a great week, and hope to hear from you soon.

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May 29 2015

Cape San Blas Real Estate Week in Review – May 23-29, 2015

Published by under Cape San Blas

For Sale and Sold SignWhat a wonderfully busy Memorial Day Weekend we had – great to see so many families here enjoying our gorgeous beaches, and the weather couldn’t have been more perfect for the traditional launch of summer. That beach was selling itself as we had four sales and six new contractsSellers listed four new properties and changed prices on five others. We whittled five off of the inventory, closing the week at 262, with 85 homes and 177 lots listed in our MLS in the Cape San Blas, Indian Pass and C-30 Corridor market.

Seacliffs Townhouse Under Contract April 2015 with List Price of $283,900

Our tour of this week’s four sales kicks off on the north end of the Cape in Seacliffs where back in mid-April sellers accepted a contract on their 4-bedroom 4 1/2-bath, 1,944 square foot model listed for $283,900.  In mid-2005 it sold for $585,000. On Friday it was sold furnished and turn-key ready for $265,000.

Bay View Home at Ovation at Cape San Blas Under Contract April 2015 with List Price of $449,000

Sale number two is about a mile to the south in Ovation where this 4-bedroom, 3 1/2-bath, 2,143 bay view home went under contract April 22nd with a list price of $449,000. It’s a vacation rental property built in 2012 on a second tier, corner lot the sellers bought in 2011 for $50,000. Happy new owners picked up the keys at closing on Friday for $459,000, paying $10,000 for the furnishings.

Lot Fronting Indian Pass Lagoon Under Contract May 2015 with LIst Price of $36,000Our third sale is out along C-30 past the Indian Pass Raw Bar. It’s a 0.64 acre lot with 75′  fronting beautiful Indian Pass Lagoon, approximately 370′ deep, and while sporting an attractive asking price of a mere $36,000, the buyers did even better than that taking title for $30,750 cash.

Canal Front Lot at Indian Pass Under Contract April 2015 with List Price of $70,000

Our fourth and final sale is a 90′ by 308′, 0.64-acre canal front secluded beauty of a lot over on Painted Pony Road at Indian Pass. This FEMA-eligible property was listed for $70,000, and last sold in early 2004 for $80,100.  This week it went for $65,000.

Cape San Blas Bay Front Lot Under Contract May 2015 with List Pirce of $250,000

Now on to our crop of six new contracts starting off on the north end of the Cape on the bay side where we have a 60′ by 552′ bay front lot adjacent to the state park under contract with a list price of $250,000. This listing was added the same day the sellers put it under contract. The property is a portion of a 5-acre parent parcel with 423′  of waterfront the sellers purchased in mid-April for $400,000.

Gulf Front Lot in Ovation at Cape San Blas Under Contract May 2015 with List Price of $375,000

We return to Ovation for our second contract where buyers penned a deal on this 48′ wide gulf front lot listed for $375,000. The sellers bought it in May 2012 when the developer slashed prices to move a lot of inventory off of their books and sold this one for $135,000.

Cape San Blas Gulf Front Home Under Contract May 2015 with List Price of $625,000

Tiffany Lane is about two miles south of Ovation and here we have a contract on a 3-bedroom, 2 1/2-bath, 1,620 square foot gulf front home listed for $625,000. It’s situated on a 50′  wide lot located in a VE flood zone.  The sellers bought it as a brand new home in January 2001 for $460,000.

Cape San Blas Gulf Front Lot Under Contract May 2015 with List Price of $239,000

Buyers couldn’t resist the lure of those emerald green waters and wanted gulf front this week, with our fourth contract fronting the sandy beach down towards the rocks near Stumphole. This 110′ wide lot is listed for $239,000. It sits seaward of the CCCL line so will require DEP permitting in order to build. The sellers have a received a 15′ setback from the road variance from the county. They paid $460,000 for the property in June 2004.

Cape San Blas Interior Home Under Contract May 2015 with List Price of $349,900

We’ll head on down to the south side of the Cape now for our next contract, which is on this comfy 3-bedroom, 2-bath, 1,568 square foot gulf view home on Pebble Beach Drive listed for $349,900. It’s owner-occupied, very well maintained and has a pleasant distant view of the gulf from the decks.  The sellers bought the lot alone in 2001 for $48,500.

Interior Lot in Villa del Sol at Cape San Blas Under Contract May 2015 with List Price of $39,900

No, this isn’t a shot of a lunar landing site, it’s Villa del Sol, a remnant from the real estate bubble peak when developers did this project on acreage spanning from gulf to bay. They bulldozed from the road to the gulf, sank a fortune into infrastructure and advertising, then went bust, only managing to sell about a half a dozen lots before doing so.  This is one of those lots. The sellers bought it in the summer of 2005 and have it under contract with a list price of $39,900. Villa del Sol was bought by a group of investors about two years ago so hopefully they will be able to breathe new life into the project.

That’s a wrap for this week. As you can see, sales activity is continuing along at a good brisk pace, so if you’re considering finding a good value here along the coast for yourself, I’d love to help you. Please call or text me at 850-227-5197 or send me an email to sherri@sherridiosworth.com and we’ll get started. As I’ve said before, I love turning readers into neighbors. Have a great weekend, and thanks so much for taking time to stop by today.

 

 

 

 

 

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May 22 2015

Cape San Blas Real Estate Week in Review – May 16-22, 2015

Published by under Cape San Blas

For Sale and SoldWhat a gorgeous week it has been – warm, sunny days, crystal clear blue skies, and calm, emerald gulf waters. A perfect week to claim a little piece of this paradise for your own, and a number of folks did just that. We closed five sales, wrote up three new contracts, and listed eleven properties. Two sellers decided to try a price adjustment. Our MLS inventory grew by eight, closing the week at 267, with 85 homes and 182 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market. Let’s take a look at what’s moving.

Cape San Blas First Tier Lot at Secluded Dunes Under Contract April 2015 with List Price of $99,000

Our review of this week’s five sales begins with this irregularly shaped, three-quarters of an acre first tier lot at The Bluff at Secluded Dunes went under contract the first week of April with a list price of $99,000. It’s a prime example of just how much market appreciation was wiped out when the real estate market corrected.  These sellers bought the lot in early 2001 for $145,000,  equal to $192,000 today in inflation-adjusted dollars, and sold it on Tuesday for $94,000.

Cape San Blas First Tier Home Under Contract May 2015 with List Price of $634,000

Our second sale is on Tiffany Beach Road just a bit north of Scallop Cove. Buyers liked this 4-bedroom, 4-bath, 3,129 square foot first tier home listed for $634,000. The sellers bought this lovely home this time last year for $578,200, and turned over the keys at closing to the happy new owners  for $607,000.

Townhouse at Club at Cape San Blas Under Contract April 2015 with List Price of $499,900

Here we are on the south side of the Cape in The Club at Cape San Blas for our third sale,  an attractive 3-bedroom, 2 1/2-bath, 1,620 square foot townhouse style condo listed for $309,000. Built in 2004, the owners bought it in June 2005 for $499,900. This is a beautiful home with gorgeous heart of pine floors, granite counter tops throughout, and 10 foot ceilings.  Lucky new owners claimed title to it on Tuesday for $305,000 cash.

Cape San Blas Gulf View Lot Under Contract April 2015 with List Price of $64,000

A couple hundred feet further along Cape San Blas Road our next sale is an interior lot on Polaris Drive in Surfside Estate,  It’s a 90′ by 122′, quarter-acre “X” zone lot listed for $64,000. The sellers bought it back in 2001 for $20,100, and sold it this week for $60,500.

Indian Pass Gulf Front House Sold May 2015 for $725,000

Our fifth and final sale is over on Indian Pass . Here we have 4-bedroom, 4-bath, 3,060-square foot gulf front home listed for $759,500.  This one has an interesting sales history, having sold in early 2010 for $1.36M, then again two years later to the current owners for $525,000, and on MOnday it went for $725,000.

Cape San Blas Gulf View Townhouse Under at Seacliffs Under Contract May 2015 with List Price of $299,000

Buyers wanted townhouses this week and that is what all three of our new contracts are on, beginning with this 3-bedroom, 3 1/2-bath, 1,692 square foot unit up in Seacliffs.  This home is located by the gulf end of the pool, with easy access to and wonderful views of the gulf.  The sellers bought it back in 2001 for $272,500 and put it under contract last Saturday with a list price of $299,000.

Cape San Blas Intreior Townhouse Under Contract May 2015 with List Price of $205,000

Our second new contract is next door in Barrier Dunes where this 2-bedroom, 2-baht, 1,152-square foot end-unit went under contract on Monday with a list price of $205,000. In March of 20111 the sellers paid $125,000 for it in a distressed sale. They’ve furnished it and done an awesome renovation on the interior since then.

Cape San Blas Gulf Front Townhouse Under Contract May 2015 with List Price of $249,900

Out third and final new contract is on another end unit, this one a 2-bedroom, 2-bath, 1,120 gulf front townhome at Cape Shoals listed for $249,000. The sellers bout it in mid-2009 for $210,000.

That wraps it up for this week’s review. Thanks for stopping by today. If you’d like more info on real estate opportunities, just shoot me an email to sherri@sherridodsworth.com or call or text me at 850-227-5197. Have a great holiday weekend and don’t forget to take time to remember those who gave their all to give us our freedom.

 

 

 

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May 16 2015

Cape San Blas Real Estate Week in Review – May 9-15, 2015

Published by under Cape San Blas

For Sale and SoldWhat a wild week!  Never thought I would have my website hijacked but just goes to show you never know. We now seem to have wrestled it back under control. Real estate kept right on moving along with nine sales closed, but just one new contract.  Sellers added four new listings, and put new price tags on six others. Our inventory hardly budged, bumping up by just one, closing the week at 259 with 84 homes and 175 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. Let’s see what buyers have been snapping up.

Bank-Owned lot at Cape San Blas Sold May 2015 for $34,000

To begin our review of this week’s nine sales, we’re heading up to the north end of the Cape to Park Point where this roughly quarter-acre lot measuring 169′ by 60′ bank-owned lot closed on Thursday for $34,000 cash, basically 10 cents on the dollar compared to the $335,000 it sold for in 2005. This was not listed in the MLS but sold by an agent who brought an offer to the bank.

Cape San Blas Gulf View Townhouse at Seacliffs Under Contract February 2015 with List Price of $269,900

In nearby Seacliffs, our second sale is a bank-owned 4-bedroom, 4 1/2-bath, 1,974 square foot gulf view townhouse. If it looks a bit familiar, that may be because it had a contract on it in February that didn’t work out. At this point, all of the carpeting has been removed and she’s going to take a fair amount of work and additional capital investment to get her up and running again. The bank acquired  it in July 2007, accepted an offer in mid-April with a list price of $255,000, and signed over the title on Monday for $245,000.

Barrier Dunes Gulf Front Townhouse Under Contract April 2015 with List Price of $419,000

Sale number three is next door in Barrier Dunes where we have  a rare offering for this complex: a gulf front townhouse.  These units do not turn over all that frequently. Buyers negotiated a deal on this 3-bedroom, 3 1/2-bath, 1,716 square foot beach front beauty listed for $419,000. It wasn’t a short sale despite the seller’s having paid $595,000 for it in mid-2006. They closed on Friday for $345,000, with the buyer paying an additional $20,000 for the furnishings.

Gulf View Lot at Cape San Blas Under Contract April 2015 with List Price of $89,900

This next sale is an oddly-shaped quarter-acre lot on Bamba Way, just south of Coneheads Restaurant. It’s a second tier lot with deeded gulf access listed for $89,900. This wasn’t a short sale despite according to public records the sellers having paid $500,000 for it in April 2005.  On Monday the parties closed for $70,000.

Ovation Bay First Tier Lot Under Contract April 2015 with List Price of $79,900

A little bit further down the road in Ovation on Echo Lane folks closed on a first tier bay view lot bargain priced at just $79,900. The sellers bought it in the summer of 2012 for $59,000, and sold it on Friday for full list price.

Cape San Blas Home in Jubilation Under Cotnract March 2015 with List Price of $549,000

We’ll travel to the south side of the Cape for our sixth sale, a lovely 4-bedroom, 4-bath, 2,456 square foot vacant home listed for $549,000. It’s on a second tier “X” zone lot in Jubilation that the sellers bought undeveloped in late 2004 for $292,500. Windolf Construction built the home the following year. The proud new owners picked up the keys at closing on Friday for $533,000.

Cape San Blas Interior Lot Sold May  2015 for $77,000

Next on the menu is a For Sale By Owner (FSBO) interior “X” zone lot on Pebble Beach Drive in Surfside Estates that closed on Monday for $77,000. Interesting to note that the sellers bought it for $150,000 in early 2004, and two years prior to that in April 2002 it sold for $85,000.

C-30 Home Near Cape San blas Under Contract April 2015 with List Price of $192.500

Our eighth sale takes us over onto C-30 where this 3-bedroom, 2-bath, 1,380 square foot home went under contract late last month with a list price of $192,500. The sellers bought it in April 2013 for $165,000, and prior to that it sold in early 2007 for $185,000. On Monday it settled for $170,000 cash.

Lagoon Front Lot on C-30 Under Contract April 2015 with List Price of $34,900

Our ninth and final sale is east on C-30, out past the Indian Pass Raw Bar. Here a lot on Indian Pass Lagoon with 83′ of water frontage went under contract in late April with a list price of $34,900. The seller bought it in mid-2011 for $25,000, which is exactly what it sold for on Tuesday, with the buyer paying all closing costs.

Bank-Owned Interior lot at Cape San Blas Under Contract May 2015 with List Price of $33,000

Our one and only lonely new contract is on a bank-owned property with a very sad past in Villa del Sol subdivision on the south side of the Cape. Back in May of 2005, the original developers sold it to a buyer for $750,000. A year later he listed it for sale for $725,000, willing to take the loss, but was never able to attract a buyer. The bank acquired it just last month.

That’s a wrap for this week.  Great to see all these properties moving again.  If you’re interested in buying or selling, I’m interested in helping you!  Call or text me at 850-227-5197, or reach me at sherri@sherridodsworth.com . I  much prefer spending my time focusing on making happy buyers and sellers rather than computer gremlins. Hope all is good in your world, and I really appreciate your taking time away to visit today.

 

 

 

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May 15 2015

Delay in Posting

Published by under Cape San Blas

Thursday night my website was hijacked by a bogus gardening site and I have been working with IT advisors to identify and resolve the issue. I cannot keep the editing area part of the site open long enough to complete a weekly post, so I will not be able to have my weekly update posted by Saturday morning as is my goal. I hope to have this resolved soon, and apologize for the inconvenience and hope you will check back soon.

I hate hackers!!!!!!!!!!!!!!!!

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