Archive for the 'Cape San Blas' Category

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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May 08 2015

Cape San Blas Real Estate Week in Review – May 2-8, 2015

Published by under Cape San Blas

For Sale and SoldWe’ve had a full week of gorgeous sunny weather without a drop of rain and it seems a lot of folks turned their focus from real estate to fun in the sun, as we had a bit of a lull, closing just five sales, and adding but five new contracts. Sellers added ten properties to the mix, and changed prices on seven others.  We managed to pump up the inventory by six, ending the week at 258, with 81 homes and 177 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Let’s take a look at what’s moving.

Barrier Dunes Interior Townhouse Under Contract April 2015 with List Price of $229,000

We begin our review of this week’s five sales on the north end of the Cape on Barrier Dunes Drive, where our first sale is a 2-bedroom, 2-bath, 1,216 square foot unit back by the tennis courts listed for $229,000.  The sellers bought it in mid-2005 for $417,500, and sold it on Friday for $205,000.

A short stroll down the beach takes us to this lovely 4-bedroom, 4 1/2-bath, 2,657 square foot gulf front home in Turtle Dunes went under contract in late February with a list price of $798,900. The sellers paid $790,000 for it in late 2009, and turned over the keys to the new owners at closing on Friday for $759,900.

Cape San Blas First Tier Home Under Contract Marchc 2015 with List Price of $699,900

Just a little further south our third sale is a 4-bedroom, 3-bath,  1,760 square foot first tier home listed for $699,900. The sellers bought it in mid-2005 for $325,000, and then did major renovations to remove the exterior stucco walls, replace windows throughout, etc.  They put it under contract in mid-March, and closed this week for $680,000.

Cape San Blas Jubilation Lot Under Contract with List Price of $37,900

We’ll travel down to the south side of the Cape to Jubilation where this 50′ by 107′ foot lot attracted a buyer the first week of April with its $37,900 price tag.   The sellers here ought to realize a nice return having picked it up in a fire sale two years ago for a mere $7,100, and picking up a check for $30,000 on Wednesday.

Gulf Pines Home Under Contract March 2015 with List Price of $279,000

Our fifth and final sale takes us off the Cape and over to Gulf Pines to this little 2-bedroom, 1,344 square foot, first tier beach cottage under contract since late March with a list price of $279,000. On Tuesday they signed over the title at closing for $270,000.

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

We’re right back up at Barrier Dunes to begin the review of our five new contracts. This time we have a 2-bedroom, 2-bath, 1,377 square foot home built in 2002 listed for $214,000. It’s not listed as a short sale even though the county records indicate the sellers paid $285,000 for it in November 2006.

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

Our second contract 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.

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

Contract number three takes us back to Barbados Lane in Turtle Dunes, this time to an irregularly shaped first tier lot listed for $145,000, a nice little profit over the $76,000 the sellers picked it up for less than six months ago last December.

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

Down on the south side of the Cape in the little-known micro-subdivision of Lantana by the Sea, our fourth contract is on another irregularly-shaped first tier lot, this one listed for $69,900. The large portion of this lot is listed as being 40′ wide by 215′ deep.

Lot Fronting Indian Pass Lagoon Under Contract May 2015 with LIst Price of $36,000Our fifth and final new contract 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 sporting a bargain asking price of a mere $36,000.

That’s a wrap for this week. Still lots going on so why not get in on the action? If you’re thinking of buying or selling, I’d love to hear from you. Call or text me at 850-227-5197, or write to me at sherri@sherridodsworth.com.  Until then, have a great week, and thanks for taking time to stop by today.

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May 01 2015

Cape San Blas Real Estate Market Week in Review – April 25-May 1, 2015

Published by under Cape San Blas

For Sale and SoldAnother bombastic week, with eleven sales and a whopping twelve new contracts.  Sellers added ten new listings, one of which is already under contract, and changed prices on seven others, three of which are price increases. Our inventory shed three, closing the week at 252, with 78 homes, and 174 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. Depending on what time of day or evening you’re reading this, may I suggest you settle in with either a nice cuppa Joe or an adult beverage of choice to enjoy while we cover one heck of a lot of territory.

Barrier Dunes Townhouse Under Contract April 2015 with List Price of $209,000

Our marathon review of this week’s eleven sales blasts off up in Barrier Dunes with this 3-bedroom, 3 1/2-bath, 1,845 square foot town house on Parkside Circle that went under contract last month with a list price of $209,000. This pond-front home was built in 1985, and the owners bought it in mid-2001 for $149,000.  On Friday the new owners took possession for $195,000.

5+ Acre Bay Front Parcel Under Contract July 2014 with List Price of $415,000

Our second sale is an exceedingly rare gem – a 5+ acre tract of land on the Cape with 433′ of frontage on the bay.  BONUS – it’s also adjacent to St. Joe Peninsula State Park, has a sandy white beach, and decent water depth. My sellers recently reduced the price to $399,000 and we went under contract in early March.  An investment group bought it on Thursday for $400,000 with some portion of seller financing.

Cape San Blas Bay Front Home Under Contract March 2015 with List Price of $749,000 About half a mile down the bay our third sale is a 4-bedroom, 4-bath, 2,935 square foot home in Peninsula Estates overlooking beautiful St. Joe Bay.  This circa 1994 home includes a dock and a separate apartment with efficiency kitchen, living area and bedroom located over the garage that connects to the main house. The well-equipped chef’s kitchen features bay views that provide panoramic views of the waterfront while you cook. The sellers bought it in 1999 for $335,000 and have done a lot of upgrades since then. They were asking $749,000, and settled on Tuesday for $717,500.

Cape San Blas Interior Lot Under Contract April 2015 with List Price of $75,000

Just around the corner on Sandalwood Blvd. in Peninsula Estates sale number four is an interior lot listed for $75,000. The sellers bought this half-acre, 100′ by 200′ property in 1999 for $19,000, and sold it on Monday for $70,000.

Bay View House at Cape San Blas Under Contract Feb. 2015 with List Price of $625,000

Next door to Peninsula Estates sits Ovation, where we find this newly built 5-bedroom, 3 1/2-bath, 2,278 square foot bay view home under contract since early February with a list price of $625,000. Construction finished up in May 2014 and it has been on a rental program since then. This week if sold for $575,000, 92% of list.

Cape San Blas First Tier Home Under Contract March 2015 with List Price of $579,000

Our next sale takes us down to the south side of the Cape to Two Palms where the owners of this lovely 4-bedroom, 4-bath, 3,789 square foot first tier home had a veritable feeding frenzy on their place back in early March, receiving multiple offers in rapid-fire fashion. One lucky bidder emerged victorious and picked up the keys at closing on Friday for $595,000, $16,000 above its list price of $579,000. When this beautiful home was built in 2005 it sold for $1,126,000.

Cape San Blas Home Under Contract March 2015 with List Price of $479,000

In nearby Boardwalk, my buyers pounced on this inviting gulf view home the minute it came on the market.  This charming 3-bedroom, 2-bath, 1,656 square foot home was built in 1990. The sellers bought it in 2002 for $200,000, and have renovated and upgraded it very nicely since then, and listed it for $479,000. On Wednesday we closed for $451,300. “13” is this family’s lucky number, so they worked it into their offer and it was accepted on March 13.

Indian Pass Area Gulf Front Townhouse Under Contract March 2015 with List Price of $259,000

Venturing off of the Cape over onto  C-30 in the direction of Indian Pass, we have our eighth sale, a 2-bedroom, 2-bath, simple 1,200 square foot circa 1984 gulf front townhouse under contract since early March with a list price of $259,000.  The sellers bought it in 2001 for $195,000, and sold it this week for $255,000.

Gulf Pines First Tier Lot Under Contract April 2015 with List Price of $137,900

Our ninth sale is further east on C-30 over in Gulf Pines where my buyers’ offer was accepted the first week of April on this 100′ by 236′ “X” zone first tier lot listed for $137,900. Gulf Pines is a FEMA eligible area, and all of the lots have deeded gulf access.  The HOA fees here are only $100 per year. On Friday we closed for $125,000.

Indian Pass Gulf Front Lot Under Contract March 2015 with List Price of $299,000

Our tenth sale is  a 75′ wide by 552′ deep gulf front lot on Canoe Lane at Indian Pass listed for $299,000. The sellers bought it just five years ago in May 2010 for $280,000, and sold it on Tuesday for $285,000.

South Gulf County Bay Front Home Under Contract March 2015 with List Price of $699,000

For our eleventh and final sale, we’re back out along C-30 again, this time heading in the direction of Port St. Joe, stopping just this side of the St. Joe Bay Buffer Preserve at this stately 3-bedroom, 3-bath, 3,310 square foot bay front home listed for $699,000. It’s situated on more than an acre of land, with 101′ of waterfront.  The home has Australian cypress floors, a gourmet chef’s kitchen and an out-door kitchen, home theatre room with 60′ television, hot tub overlooking the bay, and a full house generator.  The folks who sold the bay front home in Peninsula Estates traded the west side of the bay for this beauty on the east side.

Seacliffs Gulf View Townhouse Under Contract April 2015 with List Price of $254,900

Townhouses were in high demand this week with five of our twelve new contracts being written on units at Seacliffs, Barrier Dunes, and Sunrise Sunset. We’ll start at Seacliffs on Turtle Walk where this 3-bedroom, 3 1/2-bath, 1,944 square foot unit built in 2001 went under contract last weekend with a list price of $254,900. The sellers bought it two years ago in April 2013 for $215,000.

Seacliffs Side Unit Under Contract April 2015 with List Price of $259,000

Around the corner on Seacliff Drive shoppers penned a contract on this 4-bedroom, 4 1/2-bath 1,944 square foot unit listed for $259,000. Built in 2000, the sellers bought it in January 2001 for $240,000.

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

Next door in Barrier Dunes we have a contract on a rare offering for this complex: a gulf front townhouse.  These units do not turn over that frequently. Last Saturday, buyers negotiated a deal on this 3-bedriinm 3 1/2-bath, 1,716 square foot beach fron t beauty listed for $419,000. It’s not listed as a short dale despite the seller’s having paid $595,000 for it in mid-2006,

Barrier Dunes Interior Townhouse Under Contract April 2015 with List Price of $229,000

On Barrier Dunes Drive, our next contract is on a 2-bedroom, 2-bath, 1,216 square foot unit back by the tennis courts listed for $229,000.  The sellers bought it in mid-2005 for $417,500.

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

Our first contract on a piece of land is this 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. Apparently this isn’t a short sale despite according to public records the sellers having paid $500,000 for it in April 2005.

Cape San Blas First Tier Lot Under Contract May 2015 with List Price of $169,900

This sixth contract is on a 63′ by 210′, 0.31-acre “X” zone first tier lot in Ocean Haven listed for $169,900. This is one still owned by the developers.

Cape San Blas Gulf Front Townhouse Under Contract May 2015 with List Price of $389,000

Today’s fifth townhouse contract is on a 3-bedroom, 2 1/2-bath, 1,600 square foot unit down by the rocks at Stumphole in Sunrise Sunset. The sellers bought it in early 2008 for $305,000 and have it listed for $389,000. These are beautiful homes, but man, are they ever close to the surf.

Bank-Owned Cape San Blas Interior Lot Under Contract April 2015 with List Price of $45,000

We’re back down on the south side of the Cape for contract number whatever, a bank-owned lot just two lots over from my office. This 81′ by 170′, one third-acre lot sold in November of 2005 for $290,000, and went under contract on Tuesday with a list price of just $45,000.

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 contract is on an interior lot on Polaris Drive in Surfside Estate,  It’s a90′ by 122′, quarter-acre “X” zone lot listed for $64,000. The sellers bought it back in 2001 for $20,100.

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

Our lone single family detached home among today’s contracts is over in Money Bayou, were this 2-bedroom, 2 1/2-bath, 1,026-square foot gulf view home went under contract on Friday with a list price of $297,900. Last October, the seller bought it as a tax deed sale for $166,000.

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

We have at last reached our twelfth and final new contract, 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 is listed for $70,000, and last sold in early 2004 for $80,100.

What an amazing week!  Properties are moving at a rate this market hasn’t seen in ten years or more. Inventory is low and demand is high, so if you’re interested in selling now is a great time. Those of you interested in buying it’s time to step up to the plate while there are still good values. I had happy buyers and sellers this week with three who went to closings, and I’d love to help you as well. Give me a call at 850-227-5197 and we’ll get started.  I hope to hear from you soon, and as always, thank you so much for taking time to stop by today.

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Apr 25 2015

Cape San Blas Real Estate Week in Review, April 18-24, 2015

Published by under Cape San Blas

For Sale and Sold   A string of days of April showers didn’t dampen buyers’ enthusiasm as we turned in yet another strong  week, with ten sales, four new contracts, ten new listings, and six price changes. Our inventory grew by eight, closing the week at 255, with 85 homes and 170 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. Let’s see where all the action was.

Cape San Blas Gulf Front Lot at Secluded Dunes Under Contract April 2015 with List Price of $900,000

To begin this week’s review of our ten sales, we’ll head up to Secluded Dunes on the northern end of the Cape where this 115′ by 271′ gulf front lot went under contract at the beginning of the month with an asking price of $900,000. If it looks a bit familiar, that may be because the sellers bought it back in September for $750,000.  On Wednesday, they sold it for $900,000 cash.

Barrier Dunes Townhouse Under Contract Jan. 19, 2012 as Short Sale with List Price of $177,812

Just a bit further south is Barrier Dunes where our second sale is a  3-bedroom, 3-bath, 1,172 square foot bank-owned unit listed for $193,900 which the bank sold at auction. The previous owners paid $370,000 for it in August 2004, even though it had sold just two months earlier in June for $207,000. If this one also looks familiar it may be because over the past several years it has been under contract six times without ever making it to closing.  The auction did the trick with the winning bidder picking up the keys at closing on Monday for $176,925.

Cape San Blas Gulf Front Townhouse Under Contract March 2015 with List Price of $299,999

Our third sale is another townhouse, this one a 2-bedroom, 2 1/2-bath, 1,120 square foot unit on Nassau Lane in Cape Shoals that went under contract in mid-March with a list price of $299,999. It was a bank-owned property when the sellers bought it in March 2011 for $145,000. They renovated and furnished it very nicely, and sold it for $275,000 cash on Thursday.

Cape San Blas 2nd Tier Lot Under Contract March 2015 with List Price of $139,000

On nearby Tobago Lane, our next sale is a 100′ by 130′ one-third acre second tier lot listed for $139,000. I didn’t find any prior sales history data on this one. On Wednesday it went for $132,500 cash.

Cape San Blas Gulf Front Home Under Contract March 2015 with List Price of $699,000

Buyers wanted gulf front properties this week, and no wonder as warm and beautiful as those lovely teal waters have been lately!  Sale number five is on a gulf front home just a few hundred feet south of Scallop Cove. This 4-bedroom, 4-bath, 2,344 square foot waterfront home built in 2005 went under contract in mid-March with a list price of $699,000, and closed last Friday for $685,000 cash.

Cape San Blas Gulf Front Lot with Pilings Under Contract March 2015 with List Price of $279,000

Sale number six is a 50′ wide gulf front lot a bit south of Scallop Cove listed for $279,000. Someone bought it in 2005 for $1.5M and put these pilings in but never got around to building.  On Wednesday the new owners picked up title to it at closing for $257,500 with conventional financing.

Cape San Blas Gulf Front Home Under Contract January 2015 with List Price of $489,000

Our seventh sale is down by the rocks at stumphole; it’s a 3-bedroom, 3-bath, 1,876 square foot gulf front home built in 2012. The sellers bought it the following year in August 2013 for $400,000, and put it under contract last month with a list price of $489,000, and turned over the keys to the new owners on Monday for $460,000.

Cape San Blas Interior Lot Sold April 2015 for $66,000

Sale number eight finds us in San Blas Plantation on Turnstone Drive where a one-third acre interior lot listed for sale by owner was sold by an agent with a willing buyer for $66,000.

Cape San Blas Interior Lot at Piney Woods Under Contract April 2015 with LIst Price of $119,900

On nearby McCosh Mill Road in Piney Woods, buyers penned a deal three weeks ago on this 131′ by 58′ “X” zone interior lot sporting a $119,900 price tag. Piney Woods is a nice little subdivision, and the HOA fees are very reasonable, currently at just $750 per year.  New owners picked up the title on Tuesday for $114,900 cash.

Cape San Blas Gulf Front Condo Under Contract March 2015 with List Price of $299,000

Our tenth and final sale is at The Club at Cape San Blas, a tasteful condo complex on the beach completed around 2005. Last month, a 2-bedroom, 2-bath, 1,200 square foot gulf front unit went under contract with a list price of $299,000. It wasn’t listed as a short sale despite having last sold in April 2006 for $630,000.  On Wednesday it closed for that full list price of $299,000.

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

Now on to our four contracts, the first two of which are up in Ovation beginning with this 4-bedroom, 3 1/2-bath, 2,143 bay view home that went under contract on Wednesday with a list price of $449,000. This vacation rental property was built in 2012.

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

At the other end of Echo Lane folks wrote a contract up 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.

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

We find our third contract out over on C-30 where this 3-bedroom, 2-bath, 1,380 square foot home went under contract Monday 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.

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

Our fourth and final new contract 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 on Thursday with a list price of $34,900. The seller bought it in mid-2011 for $25,000.

And that does it for this week. With buyer demand as strong as it is we need more inventory. If you’re toying with the idea of selling, please call me at 850-227-5197. I’ll be glad to provide you with a market analysis to give you a real world idea as to the current probable market value of your property.  I hope to hear from you soon, and really appreciate your taking time to stop by today.

 

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Apr 17 2015

Cape San Blas Real Estate Week in Review – April 11-17, 2015

Published by under Cape San Blas

For Sale and SoldWhat a difference a week makes. The last of this season’s Spring Breakers left last weekend and our Cape was noticeably quieter this week. Even so, we managed to continue a healthy pace of real estate activity, closing five sales and writing up four new contracts. Sellers put fourteen new properties on the market and changed prices on eight others. Our inventory grew by six, ending the week at 247, with 80 homes and 167 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.  Let’s take a look at what shoppers are snapping up.

Cape San Blas Gulf Front Home Under Contract March 2015 with List Price of $1.35M

The first of our five sales is evidence of just how much our market has recovered. This gorgeous 4-bedroom, 4-bath, 3,050 square foot gulf front home up in Secluded Dunes with a $1.395M price tag  went under contract in just a little over 4 months, and did so with multiple buyers stepping up to the plate all at the same time. The sellers bought it at a bank sale back in September 2009 for $600,000 and have done an extensive renovation with the MLS notes details stating, “a few of the upgrades include Brazilian Walnut Floors, Travertine Marble flooring in kitchen and dining room, new Granite counter tops, remote-controlled gas logs in fireplace, new dishwasher, two new air conditioners, new 24 gauge galvalume roof. Also new irrigation system and well. All new Cyprus Bahama shutters and bamboo shades are included in the sale. ” All this is nestled on 112′ of gorgeous beach front. Wednesday afternoon the happy parties wrapped up the details and closed for full list price of $1.395M cash.

Barrier Dunes Lot Under Contract April 2015 with List Price of $49,000

Our second sale is a 37′ by 41′ interior lot on Lakeshore Drive that went under contract just last week with a list price of $49,000. Though known primarily for its popular townhomes, Barrier Dunes also has a section set aside for single family dwellings. The sellers bought this lot as a bank-owned foreclosure in November of last year for $35,000, and sold it on Tuesday for $38,000.

Cape San Blas Bay Front Fixer Upper Under Contract Feb. 2015 with List Price of $249,000

Cape Breezes is on south side of Ovation and it’s where we have a bay front fixer-upper listed for $249,000. This 3-bedroom, 2-bath, 989-square foot cottage was built in 1984 and is being sold As Is.  She has great bay views, but needs a good deal of TLC at this point.  There were multiple offers back in February, and the winning buyers picked up the keys at closing on Monday for $251,000 along with the prospect of investing a lot of additional sweat equity.

Bank-Owned Cape San Blas First Tier Lot Under Contract March 2015 with List Price of $70,000

Down by the rocks at Stumphole in Cape Isle Preserve buyers penned a contract a month ago on a bank-owned first tier lot listed for $70,000 and which closed on Friday for $62,000.

Interior Lot at Jubilation Sold April 2015 for $49,900

Our fifth and final sale is an interior lot that went under contract last month with a $50,000 list price.  Back in the summer of 2004 the 50′ by 80′ lot sold for $294,000.  This time around it went for $49,900.

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

Seacliffs was a popular place this week and it’s where we have two of this week’s four new contracts.  First up 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, and accepted an offer on Thursday with a list price of $255,000.

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

Two doors down, 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. It’s being sold furnished and is turn-key ready.

Cape San Blas Interior Lot Under Contract April 2015 with List Price of $75,000

Our next contract is on an interior lot on Sandlewood Blvd. in Peninsula Estates listed for $75,000. The sellers bought this half-acre, 100′ by 200′ lot in 1999 for $19,000.

Gulf Pines Gulf View Home Under Contract April 2015 with List Price of $689,000

We’ll leave the Cape for the first time today heading over to Gulf Pines where this handsome 5-bedroom, 4-bath, 3019-square foot first tier home with an in-ground pool went under contract on Thursday with a list price of $689,000. This has a good rental history, grossing $93,000 in rental income last year. The sellers bought it in the summer of 2010 for $587,500.

And that will do it for today.  With the demand for property being what it is, we could use some more inventory. If you are considering selling, let’s get together and see what we might be able to get for your property in today’s market. Call or text me at 850-227-5197, or drop a note to sherri@sherridodsworth.com . I hope you have a terrific week, and thanks so much for taking time to stop by.

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Apr 11 2015

Cape San Blas Real Estate Week in Review – April 4-10, 2015

Published by under Cape San Blas

For Sale and SoldNo let up in sales activity this week, as we closed yet another eight saleswrote up eight new contracts, listed nine properties, and changed prices on four others. Our inventory swelled by four, closing the week at 241, with 82 homes and 159 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market. Let’s take a look at some of the great properties buyers have been snapping up.

Two Cape San Blas Second Tier Lots Under Contract March 2014 with List price of $119,000

We begin our review of this week’s eight sales way up on the north end of the Cape in Secluded Dunes, with two lots that border the state park. This 150′ by 250′, 0.84 acre property .went under contract last month with a list price of $119,000. These lots sold back in October of last year when they were also listed for $119,000 and our seller got them for $100,000.  On Friday he settled for $111,000.

Cape San Blas Gulf View Townhouse at Barrier Dunes Under Contract March 2015 with List Price of $275,000

There was a whole lot of action in Barrier Dunes this week, both with sales and new contracts. Our second sale is this 2-bedroom, 2 1/2-bath, 1,377 square foot town house that went under contract on St. Patrick’s Day with a list price of $275,000. It overlooks a peaceful little pond on Sandpine Drive, and has surprisingly good gulf views as well. The sellers bought it in 2001 for $179,900, and sold it on Friday for $262,500.

Cape San Blas Bay View Lot Under Contract March 2015 with List Price of $39,000

About two miles south on Eastwind Drive in Paradise Bay our third sale is a 100′ by 191′, 0.44 acre bay view lot listed for $39,000. The seller is one of the original developers of the subdivision and has owned the property since 1992.  On Friday he signed over the title to the new owners for $39,000 cash.

Bank-Owned Cape San Blas Gulf View Home Under Contract January 2015 with List Price of $232,500

A little bit further down the road,  this bank-owned 3-bedroom, 3-bath, circa 1997 gulf view home on Cape San Blas Road near Cape Palms Park went up for auction in late January with a list/suggested opening bid price of $232,500.  The sale closed Monday with the winning bid coming in at $400,500, with bids having been allowed in $3,000 increments. Homesearch.com has been doing a number of these auctions around here recently, all of which have been subject to the following terms:

  • A buyer’s premium equal to the greater of 5% of the winning bid amount or $2,500 will be added to all winning bid amounts that will determine the total purchase price
  • Property is being offered “AS IS, WHERE IS”
  • There are no inspection or financing contingencies
  • An Earnest Money Deposit of 3% of total purchase price or $3,000 (whichever is greater) is required

Cape San Blas Gulf Front Home in San Dunes Under Contrct March 2015 with List Price of $1.1M

Our fourth sale is a 5-bedroom, 5-bath, 2,471 square foot gulf front home on Summerhouse Lane in San Dunes listed for $1.1M.  This was a shell of a home stopped in mid-construction years ago that just sort of languished on the site untended before finally ending up as a bank sale. The current owners bought it at the end of 2012 for $375,000 and have invested in finishing and furnishing the place, taking it to the lovely level at which we find it today. On Friday all that hard work paid off and they turned over the keys to the proud new owners for  $1.025M cash.

Bank-Owned Cape San Blas Gulf Front Home Under Contract March 2015 with List Price of $243,800

Next up is another bank-owned gulf front 3-bedroom, 3-bath, 1,440 square foot home built in 1992 that last sold in mid-2005 for $550,000. This one also went on the auction block in January with an enticing list/suggested opening bid price of $243,800, a price low enough it attracted some seriously competitive bidding, and on Thursday the winning bidder took title for $299,250.

Money Bayou Gulf Front Lot Under Contract March 2015 with List Price of $239,000

Over in Sweetwater Shores in Money Bayou our sixth sale is a 50′ by 480′ gulf front beauty listed for $239,000, less than half the $515,000 it sold for back in 2003. Money Bayou is a FEMA eligible area. Buyers picked up the title at closing on Friday for $225,000 cash.

Treasure Shores First Tier Home Sold April 2015 for $389,000

We’re out along C-30 heading east towards Indian Pass Raw Bar to Treasure Shores to our eighth and final sale, a 3-bedroom, 2 1/2-bath, 1,456 square-foot first tier home that went under contract on March 5th with a list price of $399,000. The sellers bought it new in 1999 for $217,000, and sold it on Monday for $389,000.

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 eight new contracts begins with this irregularly shaped, three-quarters of an acre first tier lot at The Bluff at Secluded Dunes went under contract last Saturday 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.

Barrier Dunes Townhouse Under Contract April 2015 with List Price of $209,000

I mentioned all the action at Barrier Dunes this week and here we are, with our next three contracts having been written there, beginning with this 3-bedroom, 3 1/2-bath, 1,845 square foot town house on Parkside Circle that went under contract on Tuesday with a list price of $209,000. This pond-front home was built in 1985, and the owners bought it in mid-2001 for $149,000.

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 on Thursday with its $195,000 price tag. The sellers bought it from the developer in 2002 just after it was built for $168,100.

Barrier Dunes Lot Under Contract April 2015 with List Price of $49,000

Our fourth new contract is on a 37′ by 41′ interior lot on Lakeshore Drive listed for $49,000   Though known primarily for its popular townhomes, Barrier Dunes also has a section set aside for single family dwellings. The sellers bought this lot as a bank-owned foreclosure in November of last year for $35,000.

Ovation at Cape San Blas Second Tier Lot Under Contract April 2015 with List Price of $114,900

About a mile down the road in Ovation, buyers penned a deal on a second-tier lot listed for $114,900. This 107′ by 50′ “X” zone lot originally sold in the summer of 2005 for $500,000. The current owners bought it two years ago for $95,000.

Bank Owned Gulf Front Home at Cape San Blas Under Contract April 2015 with List Price of $489,900

Our next new contract is on a property that is no stranger to this blog, a gulf front home once known as “Crab Walk” on Rachel Beach Lane down around Scallop Cove. It’s a 3-bedroom, 3-bath, 1,395 square foot home built in 2000 with a sales history illustrative of the local housing boom. In October 2003 it sold for $660,000, and exactly one year later in October 2004 resold for $1.1M. Those buyers put it back on the market just eighteen months later for $1.549M but by then the market had ground to a halt. Now it belongs to the bank and went under contract last Saturday with a list price of $489,900. She has been under contract a number of times over the past few years, but just hasn’t been able to make it all the way down the aisle.

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 seventh contract which is on 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

Gulf Pines First Tier Lot Under Contract April 2015 with List Price of $137,900

Our eighth and final new contract takes us over to Gulf Pines where a couple’s offer was accepted on this 100′ by 236′ “X” zone first tier lot listed for $137,900. Gulf Pines is a FEMA eligible area, and all of the lots have deeded gulf access.  The HOA fees here are only $100 per year.

That does it for this week. I need to reiterate that competition for properties is really intensifying. It happened again this week when I called an agent to show a townhouse they had listed only to find there were already several offers on the table. If you have your heart set on a particular property, chances are it’s looking good to others as well, so it’s time to step up and stake a claim on it. Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll get to work.  Have a great week, and thanks so much for taking time out of your schedule to stop by today. Hope to hear from you soon.

 

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Apr 06 2015

Cape San Blas Real Estate Week in Review – March 28-April 3, 2015

Published by under Cape San Blas

For Sale and SoldWe have a lot of visitors here for the holiday weekend, but sales certainly haven’t taken a holiday, as we closed nine sales and wrote four new contracts, listed twelve new properties and trotted out six price changes. Even with all that activity our total inventory remains unmoved, closing the week once again at 237, with 85 homes and 152 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Cape San Blas Townhouse Under Contract Feb. 2015 with List Price of $199,500

We begin our review of our nine sales where we so often do on the north end of the Cape in Barrier Dunes where this 2-bedroom, 2-bath, 1,377-square foot interior townhouse on Parkview Court went under contract in late February with a list  price of $199,000. The sellers bought it from the developer shortly after it was built in 2004 for $199,500, and sold it on Wednesday for $184,000. Cape San Blas First Tier Lot Under Contract February 2015 with List Price of $350,000

Seagrass is a pleasant little subdivision of attractive beach homes about half way between Cape Palms Park and the Tradin’ Post. There have been permitting issues with the gulf front lots in the past, so the first tier lots fetch quite a nice premium. This next sale is a 46′ by 202′ first tier lot with some “X” zone under contract since the first week of February with a list price of $350,000, the price it also sold for on Wednesday.

Cape San Blas Gulf Frnot Townhouse Under Contract Feb. 2015 with List Price of $279,900

Our third sale  is down near the rocks at Stumphole. Just last week, buyers negotiated a deal on this 3-bedroom, 2 1/2-bath, 1,360-square foot gulf front townhouse also listed “As Is”.  The sellers paid $280,000 for it in mid-2007, did what was described as a “down to the studs renovation”, yet put it under contract with a list price of $279,900. On Tuesday they let it go for $259,000.

Interior Lot at Jubilation at Cape San Blas Under Contract March 2015 with List Price of $50,000

Our fourth sale takes us down to the south side of the Cape to Jubilation where we have a 53′ by 70′ interior lot under contract with a list price of $50,000. Eleven years ago in late 2004 it fetched $360,000, but times change and on Monday it closed for $44,900. Cape San Blas Interior Home Under Contract February 2015 with List Price of $349,900

Our next sale is in nearby Piney Woods where this 4-bedroom, 3 1/2-bath, 1,800 square foot interior home built just last year on McCosh Mill Road went under contract last month with a list price of $349,900. The sellers purchased the lot alone in mid-2005 for $399,000, and on Thursday sold the home for $345,000.

Cape San Blas Gulf View Home Under Contract February 2015 with List Price of $268,000

Not far away is Cape Dunes, one of the original communities on the Cape platted in the early ’80’s.  A family looking for a private beach retreat thought this extremely well-maintained private second home was a perfect fit for them. They put a contract on this 2-bedroom, 2 1/2-bath, 1,740 square foot home circa 1984 with a list price of $268,000 the first week of February, and happily received the keys at closing on Friday for $260,000.

Gulf Front Home in Gulf Pines Near Cape San Blas Under Contract February 2015 with List Price of $999,000

We’ll leave the Cape and head east along C-30 stopping first into Gulf Pines where this spacious 4-bedroom, 3-bath, 3,576-square foot gulf front home went under contract February 6 with a list price of $999,000. This 1986 home, situated on 100′ of beautiful gulf waterfront, was purchased by the seller’s family in late 1995 for $319,000.  It has an in-ground pool overlooking the gulf, and last year generated $127,000 in gross rental income. On Thursday it sold for $915,000.

Cape San Blas Interior Lot Under Contract January 2015 with List Price of $45,000

Our eighth sale is a funky little first tier home in Indian Pass Beach subdivision.  This 3-bedroom, 2-bath, 1,000 square foot “X” zone home was built in 1993.  The sellers bought it in 2006 for $450,000, and put it under contract on Valentine’s Day with a list price of $349,000. It sold on Tuesday for $335,000.

Indian Pass Beach Cottage Under Contract January 2015 with List Price of $349,900

Our ninth and final sale takes us to this 3-bedroom, 2-bath, 1,368 square-foot gulf view home on Osceola Avenue in Indian Pass Beach Subdivision built in 1993. This little subdivision was platted and recorded in 1952, so it was grandfathered when the CBRA law was passed and the community is eligible for FEMA flood insurance. The sellers bought the home back in mid-2002 for $239,000, did a wonderful renovation and put it on the market in September 2004 for $795,000. Unfortunately, that was the same time our market peaked and sales slowly ground to a near-halt over the next couple of years, along with declining values. They adjusted that list price along the way, and finally got it under contract at the end of January with a list price of $349,900.  On Thursday they turned over the keys at closing for $322,500.

Cape San Blas Gulf Front Lot at Secluded Dunes Under Contract April 2015 with List Price of $900,000

And now on to our four new contracts, returning to the northern end of the Cape in Secluded Dunes where this 115′ by 271′ gulf front lot went under contract Thursday with an asking price of $900,000. If it looks a bit familiar, that may be because the sellers bought it back in September for $750,000.

Cape San Blas Jubilation Lot Under Contract with List Price of $37,900

We’re back down on the south side of the Cape again in Jubilation where this 50′ by 107′ foot lot attracted a buyer with its $37,900 price tag.   The sellers here ought to realize a nice return having picked it up in a fire sale two years ago for a mere $7,100.

Cape San Blas Interior Lot at Jubilation Under Contract Arpil 2015 with LIst Price of $37,900 Cape San Blas Interior Lot at Piney Woods Under Contract April 2015 with LIst Price of $119,900

More action in Piney Woods, where buyers penned a deal on this 131′ by 58′ “X” zone interior lot sporting a $119,900 price tag. Piney Woods is a nice little subdivision, and the HOA fees are very reasonable, currently at just $750 per year.

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

We’ll wrap things up with 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 with an asking price of just $349,000.

And that will do it for today. I have rarely ever posted to my blog as late as Monday but I have just been working non-stop with terrific buyers and sellers this past week and there haven’t been enough hours in the days to complete every item on my “To Do” lists. It’s all good. If you want in on the action, call me! 850-227-5197 or drop a note to sherri@sherridodsworth.com. I hope to hear from you soon, and really appreciate your taking time to stop by today.

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Apr 03 2015

Seems As If Everyone Wants a Piece of the Forgotten Coast

Published by under Cape San Blas

What a week!! Demand remains strong, and I am booked solid showing property during some of the time frames I would normally set aside to write my weekly update. With the holiday weekend, virtually all of our homes have guests, and many of them are apparently thinking long-term Cape associations.

I am happily working with buyers all weekend long, so will be posting the weekly update on Sunday instead of Saturday. There has been SO much going on, be sure to check back – our market is hot, hot, hot!

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Mar 23 2015

Cape San Blas Real Estate Week in Review – March 21-27, 2015

Published by under Cape San Blas

For Sale and Sold SignOur Spring Breakers aren’t just partying on the beach, they’re buying it!  We scored another banner week, closing four sales and penning nine new contracts. Sellers added six new listings, and changed the prices on seven others.  With all those new contracts, our inventory took a nice dip, shedding seven, to close the week at 237 with 81 homes and 156 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Let’s see what those busy buying breakers have been up to.

Cape San Blas Gulf Front Townhouse Under Contract March 2015 with List Price of $234,900

The first of our four sales is a gulf front townhouse in Sunrise Sunset down by the rocks at Stumphole. The sellers bought this 3-bedroom, 2 1/2-bath, 1,360 square foot home in 2001 for $171,428, put it under contract last week with an asking price of $234,900, and handed the new owners the keys at closing on Monday in exchange for $227,500 cash.

Cape San Blas First Tier Lot Under Contract March 2015 with List Price of $89,000

Our second sale takes us down to the south side of the Cape to a first tier lot measuring 105′ by 150′ with an asking price of $89,000. The sellers bought it in January 2006 for $375,000, and sold it on Friday for $75,000 cash.

Majestic Cape San Blas Gulf View Home Under Contract Jauary 2015 With List Price of $529,000

On Cape San Blas Road in nearby beautiful Two Palms our third sale is a lovely 7-bedroom, 4-bath, 3,400-square foot gulf view home built in 2000 that went under contract at the end of January with a list price of $529,000.  On Tuesday it sold for $499,000.

Indian Pass Beach Cottage Under Contract January 2015 with List Pirce of $299,000

Our fourth and final sale is at Indian Pass on Palm Street where we have this fun and funky little 2-bedroom, 2-bath, 1,168 square foot beach retreat built in 1987 that went under contract on New Years’ Eve with a list price of $299,000. With decks galore, and a large back yard, you can keep the party outside at this little cutie, and her upper decks offer great gulf views. This party at the beach sold on Tuesday for $266,000.

Cape San Blas Gulf Front Home Under Contract March 2015 with List Price of $1.35M

The first of our nine new contracts is evidence of just how much our market has recovered. This gorgeous 4-bedroom, 4-bath, 3,050 gulf front home up in Secluded Dunes with a $1.35M price tag is under contract in just a little over 4 months, and did so with multiple buyers trying to step up to the plate all at the same time. The sellers bought it at a bank sale back in September 2009 for $600,000 and have done an extensive renovation with the MLS notes details stating, “a few of the upgrades include Brazilian Walnut Floors, Travertine Marble flooring in kitchen and dining room, new Granite countertops, remote-controlled gas logs in fireplace, new dishwasher, two new air conditioners, new 24 gauge galvalume roof. Also new irrigation system and well. All new Cyprus Bahama shutters and bamboo shades are included in the sale. ” All this is nestled on 112′ of gorgeous beach front.

Cape San Blas Bay Front Home Under Contract March 2015 with List Price of $749,000 Less than a mile down the road our second new contract is on a 4-bedroom, 4-bath, 2,935 square foot home overlooking beautiful St. Joe Bay,.  This circa 1994 home comes complete with a dock and a separate apartment with efficiency kitchen, living area and bedroom located over the garage that connects to the main house. The well-equipped chef’s kitchen features bay views that provide panoramic views of the waterfront while you cook. The sellers bought it in 1999 for $335,000 and have done a lot of upgrades since then. They’re asking $749,000.

Cape San Blas Corner Lot Under Contract March 2015 with List Price of $79,000  Just north of The Tradin’ Post on the corner of Cozumel and Cape San Blas Road we have a short sale contract on a 115′ by 120′ lot listed for $79,000. This “X” zone lot last sold in mid-2005 for $420,000.

Cape San Blas 2nd Tier Lot Under Contract March 2015 with List Price of $139,000

On nearby Tobago Lane, our next contract is on a 100′ by 130′ one-third acre second tier lot listed for $139,000. I didn’t find any sales history data on this one.

Cape San Blas Gulf Front Lot with Pilings Under Contract March 2015 with List Price of $279,000

Our fifth contract is on a 50′ wide gulf front lot a bit south of Scallop Cove listed for $279,000. Someone bought it in 2005 for $1.5M and put these pilings in but never got around to building.

Cape San Blas Gulf Front Condo Under Contract March 2015 with List Price of $299,000

We travel next to the south side of the Cape at The Club at Cape San Blas, a tasteful condo complex on the beach completed around 2005.  On  Saturday, a 2-bedroom, 2-bath, 1,200 square foot gulf front unit went under contract with a list price of $299,000. It’s not listed as a short sale despite having last sold in April 2006 for $630,000.

Gulf Pines Home Under Contract March 2015 with List Price of $279,000

Our next contract takes us back off the Cape and over to Gulf Pines to this little 2-bedroom, 1,344 square foot, first tier beach cottage listed for $279,000.

Money Bayou Gulf Front Lot Under Contract March 2015 with List Price of $239,000

Over in Sweetwater Shores in Money Bayou buyers penned a deal on a 50′ by 480′ gulf front beauty listed for $239,000, less than half the $515,000 it sold for back in 2003. Money Bayou is a FEMA eligible area.

Indian Pass Gulf Front Lot Under Contract March 2015 with List Price of $299,000

Our ninth and final new contract is on yet another gulf front property, this one a 75′ wide by 552′ deep lot on Canoe Lane at Indian Pass listed for $299,000. The sellers bought it just five years ago in May 2010 for $280,000.

That wraps it up for today.  If you’re thinking of buying or selling, let’s get together. Competition for properties is strong and I’ll be glad to help you.  Call or text me at 850-227-5197 or drop a line to sherri@sherridodsworth.com and we’ll get started.  I hope to hear from you soon, and really appreciate your taking time to stop by today.

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