Archive for the 'Cape San Blas' Category

May 20 2016

Cape San Blas Real Estate Week in Review – May 14-20, 2016

Published by under Cape San Blas

For Sale and SoldOur long overdue April showers finally arrived this week drenching us over several days with some very much needed rain, though for our visitors’ sakes I hate to see it delivered during the day.  Even so, all that soggy stuff didn’t dampen our market, as we closed seven sales and wrote up four new contracts. Sellers signed five new listing agreements, and changed prices on three others. Our inventory remained unchanged at 260, with 85 houses and 175 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.

Cape San Blas Bay Front Home Under Contract March 2016 with List Price of $650,000

The first of our seven sales is this elegant bay front home on Cape San Blas across the street from the Sea Grass subdivision. The sellers purchased the 3,455 square foot, 3-bedroom home on roughly 2.25 acres with 125′ of waterfront in June 2012 for $675,000, and have it listed for $650,000. They’ve had it on the market since early 2011 when they opened with an asking price of $899,900, and on Monday they were finally able to go to the closing table, happily handing over the keys for $645,000.

Cape San Blas Gulf View Home Under Contract March 2016 with List Price of $549,900

Across the street in Seagrass, sellers closed on their 4-bedroom, 4 1/2-bath, 2,215 square foot gulf view house listed for $549,900, a bit of a hit since they paid $890,000 for it in 2005.  According to the MLS notes, when the parties closed on Monday for $500,000, the seller brought additional funds to the table to address some maintenance issues.

Cape San Blas First Tier Lot Under Contract April 2016 with List Price of $238,000

Next door in Ocean Haven on Haven Road is a third of an acre first tier lot listed for $238,000.  According to the county property appraiser’s records it last sold for $500,500 in November 2004. I wanted to make sure that amount wasn’t for a multiple sale so I went to the county clerk’s records, and sure enough, that was the price for this single lot. On Friday the parties closed for that full list price of $238,000.

Bank-Owned Lot in Jubilation at Cape San Blas Auctioned Off with Opening Bid of $295,000

Down  on the south side of the Cape in Jubilation this next property generated quite a bit of interest when it went on the auction block last Saturday at the beginning of March with a suggested opening bid of $295,000. Seems like a screaming deal for a 3-bedroom, 3-bath, 1,966-square foot bank-owned home that was built and sold in 2006 for $780,000.  She has been sitting vacant for several years and is going to need a fair amount of TLC to restore her to her former grandeur.  There are no appliances, no furnishings, no window treatments. The winning bid was $391,000, to which a 5% buyer premium was added at closing, for a final bottom line price of $410,000.

Money Bayou Gulf Front Lot Under Contract April 2016 with List Price of $278,000

This next sale is over in Money Bayou on Sweetwater Drive where buyers made a wise choice snapping up this 50′ wide, half-acre gulf front lot listed for $278,000. This is a terrific area along the south-facing beach and is FEMA-eligible.   The sellers bought the property in late 2009 for $109,900 and more than doubled their money on Monday, settling for $260,000.

Bank-Owned 7.5Acres Lagoon Front Property on Indian Pass Under Contract April 2016 with List Price of $429,500

Our final two sales today are over on Indian Pass beginning with this bank-owned 7 1/2-acre lagoon front parcel under contract since early last month with a list price of $429,500, a far cry from the $2.1M it commanded in late 2004.  This peaceful parcel measures 606′ on the waterfront.  The new owners took title on Tuesday for $400,000 even.

Indian Pass Lagoon Front Lot Under Contract April 2016 with List Price of $79,000

Our seventh and final sale is a recently listed property that went quickly under contract April 1 with an asking price of $79,000. This is a 2.32-acre lagoon front parcel near the boat launch at the tip of the peninsula. It’s a pretty setting with what appears to be a fair amount of wetlands. Somebody has plans for it and closed on Wednesday for $70,000.

Interior Lot at Park Point Under Contract May 2016 with List Price of $43,500

Now onto our four new contracts heading up to the north end of the Cape to Park Pointe. Here buyers penned an offer on a bank-owned, quarter acre interior lot listed for $43,500, quite a bargain from the $370,000 it sold for in November 2004.

Cape San Bla-s Interior Bay View Lot Under Contract May 2016 with List Price of $85,000

Just south of the newly renovated and recently re-opened Coneheads restaurant on Spinnaker, the parties came to terms on a 226′ by 248′, 1.29 acre interior lot for which the seller is asking $85,000. This lot was one of several lots cut from a larger parent parcel the seller purchased in 2012 for $115,000.

Lot of Gulf Side of Cape San Blas Road Under Contract with List Price of $94,500

About a mile further down Cape San Blas Road just past Westwind drive on the gulf side, buyers wrote an offer on this 95′ by 166′, one third acre lot listed for $94,500.  All the properties in this little subdivision known as Paradise Gulf enjoy deeded access to both the gulf and bay.

Cape San Blas Bay Front Lot Under Contract March 2016 with List Price of $299,000

Some buyers were eagerly anticipating scallop season setting their sights on this 100′ by 471′, 1.1-acre bay front lot overlooking Pig Island. It’s listed for $290,000, and last sold in 2003 for $269,000.  If it looks a little familiar, that’s because it briefly had a contract on it in mid-March that didn’t work out.

That’s a wrap for this week. As you can see, sales activity continues along at a 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 week, and thanks so much for taking time to stop by today.

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May 15 2016

Cape San Blas Real Estate Week in Review – May 7-13, 2016

Published by under Cape San Blas

For Sale Sold SignIt’s been a fun week around the Forgotten Coast with the annual influx of Plein Air artists out and about capturing our beautiful area on their canvases. Buyers captured some real estate for their portfolios as well, closing on nine properties and penning four new contracts.  Sellers added twelve new listings, and put new price tags on five others. Virtually no change in our inventory, shedding just one, closing the week out at 260, with 86 homes and 174 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.

Cape San Blas Gulf Front Townhouse Under Contract Feb. 26, 2016 with List Price of $398,000

To kick off our review of this week’s nine sales we’ll start off where we so often do on the north end of the Cape in Barrier Dunes with a 3-bedroom, 3 1/2-bath 1,845 square foot gulf front townhouse listed for $398,000. The sellers bought this circa 1985 townhouse in 2005 for $590,000. I was working with a buyer who really liked the place, but was a little late to the party as by the time she found it there was already a contract on it. No problem. We submitted a back-up offer and waited. The first contract eventually didn’t work out and so my buyer was able to become the primary contract and happily went to closing on Friday, picking up the new keys for $375,000 cash.

Commercial Building on the Cape Sold May 2016 for $290,000

Sale number two is one of just a small handful of commercial buildings on the Cape. When I moved here in 1994, this place was a cheerful little eatery known as The Cape Café, and it was the only place to eat out on the entire peninsula. The café closed in 1998, the year today’s seller purchased it for $140,000. The equipment is long gone, so they’ve had the building sitting  vacant since then, save for a brief period where a thrift store operated out of it. They listed and put it under contract on April 15 with an MLS price of $325,000. The parties wrapped things op on Friday and closed for $290,000. No word yet as to what the new owners’ plans are for the space.

Cape San Blas Bay Front Lot Under Contract April 2016 with List Price of $275,000

About half a mile down the road in my neck of the woods, Cape Breezes, this 100′ by 320′ bay front lot went under contract on April 21 within days of it hitting the market sporting a $275,000 price tag. This neighborhood is one of the original subdivisions on the Cape, dating from the early 80’s, and spans from the bay to the gulf. There is no HOA, no HOA fees, and all owners enjoy deeded gulf and bay access. The seller purchased the property in 1994 for $65,000, and signed over the title on Friday for $250,000.

Cape San Blas Beach Cottage Under Contract April 2016 with LIst Price of $184,000

Next stop: Jamaica! Drive, that is, the little beach road that meanders down behind the south side of The Tradin’ Post. Last month someone penned a deal on this 2-bedroom, 1-bath, 520 square foot retro beach cottage listed for $184,000.  The sellers picked it up back in the summer of 2004 for $155,000, and sold it this week for $170,000.

Cape San Blas Gulf Front Condo Sold May 2016 for $300,000

Next up is a downstairs unit in a 4-unit condo quadplex on Antiqua. Dating from the early ’80’s, this 3-bedroom, 2-bath, 1300 square foot unit went under contract in mid-April with a list price of $325,000.  The sellers bought it in 2004 for $274,000, and sold it on Monday for $300,000 cash.

Cape San Blas Gulf Front Home Under Contract March 2015 with LIst Price of $519,000

Sale number six is a gulf front rental house on Sea Urchin Drive directly across the street from Scallop Cove. It’s a 3-bedroom, 2-bath, 1,704 square foot, 1984 vintage home on 50′ of waterfront. The sellers bought it in 2004 for $700,000, listed it for $519,000, but came way off that price, closing on Wednesday for $390,000 cash.

Cape San Blas Home Under Contract April 2016 with List Price $429,900

Down on the south side of the Cape in Surfside Estates, a recently listed 3-bedroom, 2-bath, 1,480 square foot home with an in-ground pool and in the “X” zone went under contract in early April with a list price of $429,900.  The sellers bought the lot in 2011 for $45,000 and started building shortly thereafter. On Wednesday the new owners picked up the keys at closing for $425,000.

Indian Pass Wetlands Under Contract March 2016 with List Price of $40,000

Indian Pass Wetlands Under Contract March 2016 With List Price of $75,000

Our final two sales are properties that went under contract almost immediately. Located just across the street from the Indian Pass Raw Bar, the two contain roughly 14-acres, the majority of which are wetlands with a sliver of uplands near the road. They were listed on  for $40,000 and $75,000, and were snapped up the very next day. On Friday they closed for $30,000 and $60,000 cash respectively.

Cape San Blas Townhouse Under Contract May 2016 with List Price of $269,000

The first of our four new contracts is located in Sea Cliffs on the north end of the Cape.  Buyers took a fancy to this 4-bedroom, 4 1/2-bath, 2,007 square foot townhouse listed for $269,000. It has a bit of a gulf view from the decks, and includes an elevator and private enclosed garage.

Cape San Blas Townhouse Under Contract May 2016 with List Price of $245,000

Next door in Barrier Dunes, sellers accepted on offer on their 2-bedroom, 2-bath, 1,344 square foot townhouse on Parkside listed for $245,000.  The comfortable end unit has also been configured with a screened in porch.  The owners purchased the home in mid-2011 for $175,000.

Cape San Blas Gulf Front Townhouse Under Contract May 2016 with List Price of $299,000

A lot of townhouse action this week. Contract number three is on a 3-bedroom, 2 1/2-bath gulf front unit listed for $299,000. It’s one of the homes in Sunrise Sunset, a complex on the south end of the peninsula down near the rocks at Stumphole.

Gulf View Lot at Cottages at Indian Summer Under Contract May 2016 with List Price of $39,900

We’ll wrap things up today over at the Cottages at Indian Summer off of C-30, where buyers and sellers shook hands over an agreement on this roughly half-acre second tier lot listed for $39,900. It’s situated off the end of a cul de sac, and sold in March last year for $30,000.

That does it for this week. If you’re interested in finding out about coastal opportunities or if you’re considering selling, let me know and I’ll be glad to help you either way. Call me at 850-227-5197  or send me an email to sherri@sherridodsworth.com and we’ll get started. Have a terrific week, and thanks so much for taking time out of your schedule to stop by today.

 

 

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May 13 2016

Another Crazy Busy Week!

Published by under Cape San Blas

My dance card is full to overflowing this week working with great folks – Saturday is full to overflowing, too, so this week’s post will either be late Saturday or Sunday morning.   LOTS going on so please be sure to check back!

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May 06 2016

Cape San Blas Real Estate Week in Review – April 30 – May 6, 2016

Published by under Cape San Blas

For Sale and SoldAfter a string of busy weeks, our market finally took a bit of a breather this week,  with five closings and two new contracts, only three new listings and nine price changes.  Our inventory shed four, closing the week at 261, with 88 homes and 173 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor Market MLS.

Cape San Blas Gulf View Home Under Contract March 2016 with List Price of $399,000

We’ll kick off our review of this week’s five sales on Cancun Drive in Turtle Dunes, where buyers closed a deal on a 3-bedroom, 3-bath, 1,786 square foot gulf view home listed for $399,000. The “X” zone property was built in 1991. The sellers bought it in November 2014 for $259,000, and sold it on Tuesday for $390,000.

Cape San Blas First Tier Lot Under Contract March 2016 with List Price of $114,900

Down on the south side of the Cape on McCosh Mill Road in Piney Woods our second sale is a  65′ by 83′ X zone first tier lot listed for $114,900. The sellers bought it in  September 2013 for $60,000, and sold it for a tidy little profit on Friday for $113,000.

Cape San Blas Bay Front Lot Under Contract March 2016 with List Price of $325,000

Just a few blocks away, sellers sold their 94′-wide, three-quarter-acre bay front lot. They bought it in late 2001 for $90,000, had it listed for $145,000, and signed over the title on Monday for $119,000.

C-30 Gulf Front Lot Sold April 2016 for $225,000

We’ll travel off the Cape over onto C-30 heading east towards Money Bayou stopping just past the public beach access point where parties closed on the 50′ by 420′ gulf front lot listed as a short sale for $225,000. The sellers bought it in 2004 for $660,000, and were able to sell it for $225,000 cash. If you don’t recall seeing this one go under contract earlier that’s because it was listed in the Tallahassee MLS; the buyer’s agent was a Cape San Blas Realtor who entered the sale into our MLS for comp purposes.

Indian Pass Gulf Front Lot Sold April 2016 for $215,000

Our final sale is over on Indian Pass where this 60′ by 520′, three-quarter-acre gulf front lot with DEP permitting and house plans sold for $215,000. The sellers bought it in October 2009 for $300,000, and had it listed for $230,000.

Cape San Blas Gulf Front Lot Under Contract May 2016 with List Price of $224,900

Only two new contracts this week, but it’s all about gulf front. First contract is on a 100′ wide waterfront lot on the south side of the Sunrise Sunset townhouses. The property last sold in mid-2003 for $388,000, and went under contract on Sunday with a list price of $280,000.

Sweetwater Shores Gulf Front Lot Under Contract May 2016 with List Pirce of $280,000

Ending each day relaxing with a gorgeous sunset like that over your backyard is worth any price, but the list price on this second contract is only $280,000. Buyers fell in love with the 50′ by 476′ gulf front lot on Sweetwater Drive in Money Bayou. The sellers bought it in mid-2012 for $200,000, and have it listed for $280,000.

That does it for this week. 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, it’s time to start looking. Call or text me at 850-227-5197 or send 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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Apr 30 2016

Cape San Blas Real Estate Week in Review – April 23-29, 2016

Published by under Cape San Blas

For Sale and SoldWe just keep chugging along cranking out the real estate sales.  This week we closed eight sales and wrote up five new contracts, added five new listings, but only made one price change.  Our inventory hardly changed at all, shedding but one, closing the week at 265, with 87 homes and 178 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS. We have a lot of territory to cover, so settle in, make yourself comfortable, and let’s get rolling.

Sunset Pointe Lot Under Contract April 2016 with LIst Price of $43,500

We’ll kick off our review of this week’s eight sales up in Sunset Pointe with a quarter-acre interior lot listed for $42,500.   The sellers bought it from the developer in late 2014 for $34,000, and signed it over to the new owners on Thursday for $41,000.

Barrier Dunes Townhome at Cape San Blas Under Contract Feb. 2016 with List Price of $335,000

In nearby Barrier Dunes is a 2-bedroom, 2 1/2-bath, 1,377 square foot pond-front townhouse on Sandpine Drive under contract with a list price of $279,000. The sellers bought it in 2007 for $335,000, and the happy buyers picked up their keys at closing on Tuesday for $262,000.

Ovation at Cape San Blas First Tier Lot Under Contract May 2014 as Short Sale with List Price of $135,000

Down the road a bit in Ovation, our third sale is a gulf view, bank-owned, first tier lot listed for $169,900; it last sold in 2005 for $775,000.  New owners took title on Monday for $150,000. All of the first tier lots in Ovation are completely in the “X” zone.

Cape San Blas Gulf Front Home Under Contract Jan. 2016 with List Price of $674,900

Clipper Way has been a happening place lately. It’s the site of our next sale, a 3-bedroom, 2 1/2-bath, 1,560 square foot gulf front home listed for $674,900. The home was built in 1999, and has changed hands a few times since then; in 2004 it sold for $775,000.  The sellers bought it bought it in December 2009 for $460,000, and realized a nice return on that price closing on Monday for $672,000.

Cape San Blas Gulf Front Home Under Contract March 2016 with List Price of $998,000

Buyers were loving waterfront this week, with half of our sales all fronting the gulf. Down near Scallop Cove in Clifton Place, sellers closed on their 5-bedroom, 4 1/2-bath, 4,094 square foot home centered on 50′ of Cape San Blas’s sugar white sand. They bought the home in the summer of 2004 for $1.25M, had it listed for $998,000, handed over the keys on Monday for $800,000 cash.

Bank-Owned Gulf View House at Cape San Blas Under Contract March 2016 with List Price of $384,900

Sale number six is down to the south side of the Cape.  It’s a bank-owned property, a 4-bedroom, 2 1/2-bath, 2,122 square foot gulf view home on Plover Drive in San Blas Plantation listed for $384,900. This home was built in 2005 and has a nice in-ground pool, outdoor spa and tiki bar.  New owners took title Thursday with a full price closing at $384,900.

Money Bayou Gulf Front Lot Under Contract March 2016 with List Price of $239,000

We’re heading off the Cape and travelling east along C-30 over to Money Bayou where this 50′ by 464′, half-acre gulf front lot on Sweetwater Drive has been under contract since early March with a list price of $239,000. That price includes DEP permitting and house plans from F & B Builders. The sellers bought the property in late 2013 for $207,500, and sold it this week for $236,000. Ten years ago in December 2003 it sold for $504,000.

Gulf Front Lot at Indian Pass Under Contract November 2015 with List Price of $195,000

Our eighth and final sale is a 58′ wide by 577′ deep gulf front lot on Indian Pass listed for $195,000. The seller bought it in mid-2000 for $180,000, and didn’t waiver on his asking price, closing on Friday for $195,000.

Cape San Blas Gulf View Home Under Contract April 2016 with List Price of $586,000

The first of our five new contracts  is a newly built gulf view home on Tampico Drive behind the townhouses at Cape Shoals.   It has 5 bedrooms, 3 1/2 baths, in-ground pool, is located in the “X” zone, and is listed for $586,000.

Cape San Blas Interior Lot Under Contract April 2016 with List Price of $44,900

Our second contract takes us to San Blas Plantation on the south side of the Cape where sellers accepted an offer on their 69′ by 169′, quarter-acre “X” zone lot listed for $44,900. Our office is in this subdivision on Cape San Blas Road.  All the properties here include deeded gulf access.  Back in 2005 this lot sold for $315,000.

Bay View Lot Under Contract April 2016 with List Price of $29,900

We’re heading off the Cape again and out onto C-30 heading towards town.  Here buyers penned a deal on a third of an acre lot across from the bay. The sellers bought it in mid-2004 for $149,000, and have it listed for $29,900.

Indian Pass Gulf Front Home Under Contract April 2016 with List Price of $899,000

Tucked away on 75′ of quiet gulf front on Canoe Lane in Indian Summer at Indian Pass is this handsome 2,400 square foot, 4-bedroom, 3-bath, gulf front home listed for $899,000. .  The sellers bought it in 2009 for $825,000. Back at the height of the market in 2004 it sold for $1.5M.

Indian Pass Lagoon View Lot Under Contract April 2016 with List Price of $19,900

Our fifth and final contract takes us towards the far end of the Indian Pass Peninsula to the lagoon side of Higgins Street in Indian Pass Beach subdivision. Buyers had their offer accepted on this 70′ by 115′ low-lying lot listed for $19,900. The seller bought it in 2001 for $4,500.

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 week, and thanks so much for taking time to stop by today.

 

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Apr 22 2016

Cape San Blas Real Estate Week in Review – April 16-22, 2016

Published by under Cape San Blas

For Sale Sold Sign  We’ve had a lot of visitors here this week enjoying our gorgeous beaches and a good number of them took time out from their fun in the sun to claim a little portion of our paradise for their very own. We managed three sales and four new contracts, added thirteen new listings, and changed prices on seven others. All this resulted in an uptick in our inventory, closing up by 2 at 266, with 87 homes and 179 lots listed in the Cape San Blas, Indian Pass and C-30 Corridor MLS. Let’s take a look at what’s moving.

Cape San Blas Third Tier Lot Under Contract March 2016 with List Price of $74,900

We’ll kick off our review of this week’s three sales on the south side of the Cape on McCosh Mill Road in Piney Woods where with this “X” zone, third tier property went under contract in mid-March with a list price of $74,900. It’s right across the street from the community pool. The sellers bought the 60′ by 95′ flag lot this past October for $50,000, and have sold it for $65,000.

Bay View Subdivision Under Contract with List Price of $300,000

Let’s leave the Cape and head on over to Simmons Bayou for a unique offering, a 16-lot subdivision listed for $300,000. According to the MLS, it includes a common area parcel for recreational area and community pool. HOA docs with covenants, conditions and restrictions are in draft form and ready to be recorded or amended. An investor decided to give it a try and put down $325,000 at closing to see what can be done with it.

Indian Pass Lagoon Front Proprety Under Contract April 2016 with List Price of $50,000

Our third sale is over on Indian Pass with this 5+ acre lagoon front parcel under contract with a list price $50,000.  Looking at the aerials there appears to be a lot of wetlands and marshland included in the acreage which makes that price tag make sense. According to the county records this is a probate sale and I didn’t find any pertinent prior sale records so I suspect it has been in the family for some time.  Cash talks once again, and the parties went to closing on Thursday, settling for full price of $50,000.

Barrier Dunes Single Family Home Under Contract April 2016 with List Price of $449,000

The first of our four new contracts is on the north end of the Cape in Barrier Dunes, and it’s an offering of a sort we don’t often see there, one of a handful of super cute Key-West style beach cottages. This one is a 3-bedroom, 3-bath, 1,364-square foot model built in 1993. I love the three-sided wrap around porches on both levels.  The sellers bought it in December 2009, and have it listed for $449,000.

Cape San Blas Bay Front Lot Under Contract April 2016 with List Price of $275,000

About a mile down the road in my neck of the woods, Cape Breezes, this 100′ by 320′ bay front lot went under contract within days of it hitting the market sporting a $275,000 price tag. This neighborhood is one of the original subdivisions on the Cape, dating from the early 80’s, and spans from the bay to the gulf. There is no HOA, no HOA fees, and all owners enjoy deeded gulf and bay access.

Cape San Blas Beach Cottage Under Contract April 2016 with LIst Price of $184,000

Next stop: Jamaica! Drive, that is. That’s the little beach road that meanders down behind the south side of The Tradin’ Post. Someone penned a deal on this 2-bedroom, 1-bath, 520 square foot retro beach cottage listed for $184,000.  The sellers picked it up back in the summer of 2004 for $155,000.

Treasure Shores Gulf Front Home Under Contract April 2016 with List Price of $879,000

We’re leaving the Cape again, this time heading over to Treasure Shores where buyers snapped up this 3-bedroom, 3-1/2 bath, 3,271 square foot gulf front home just two days after it was listed for $879,000.The home was built in 2002 on a 75′ span of beach front. In early 2012, the sellers bought it in a foreclosure sale for $649,000.

That does it for this week. If you’re interested in finding out about coastal opportunities or if you’re considering selling, let me know and I’ll be glad to help you either way. Call or text me at 850-227-5197  or shoot an email to sherri@sherridodsworth.com . Have a terrific week, and thanks so much for taking time out of your schedule to stop by today.

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Apr 15 2016

Cape San Blas Real Estate Week in Review – Apr. 9-15, 2016

Published by under Cape San Blas

For Sale and SoldGeorgia went back to school this week so we had fewer visitors here shopping for beach properties, but owners were busy as could be.  We closed just three sales and wrote three new contracts, but sellers added a whopping fourteen new listings and changed prices on four others.  Not surprisingly, our inventory took a giant leap upward, closing at 264, with 91 homes and 173 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor Market MLS.

Gulf Front and 1st Tier Lot Under Contract March 2016 with List Price of $499,000

We’ll begin our review of this week’s three sales in Seagrass on the Cape.  This listing is for an adjoining gulf front and first tier lot listed for $499,000. Last March the sellers picked the pair up for $350,000. Because the gulf front parcels sit so far seaward, DEP has never approved permitting for them, which explains the combined price of these two parcels. The county’s assessed value for the gulf front lot is $6,000; the first tier $296,000. On Monday they sold for $492,000.

Cape San Blas Interior Home in Piney Woods Under Contract Feb. 2016 With List Price of $349,000

On the south side of the Cape on McCosh Mill Road in Piney Woods, buyers fell in love with this cute little recently completed 3-bedroom, 2 1/2-bath, 1,224 square foot beach cottage listed for $349,000.  They picked up the keys at closing on Friday for $330,000.

Treasure Bay Lot Under Contract April 2016 with List Price of $37,000

We’ll head off the Cape and travel east along C-30 for our third sale, a 105′ by 215′, half-acre lot in Treasure Bay listed for $37,000. The sellers bought the property in 2001 for $24,500, roughly $33,000 today in inflation-adjusted dollars.  On Wednesday they signed over title to the new owners for $30,000.

Barrier Dunes Townhouse Under Contract April 2016 with List Price of $249,000

For the first of our three new contracts we’ll head up to Barrier Dunes where buyers had their offer accepted on this 2-bedroom, 2-bath, 1,216 square-foot townhouse listed for $249,000.  The sellers bought the rental property in July 2013 for $187,500 cash and have spruced it up nicely since then.

Cape San Blas First Tier Lot Under Contract April 2016 with List Price of $238,000

Contract number two is on a first tier lot in Ocean Haven listed for $238,000.  According to the county property appraiser’s records it last sold for $500,500 in November 2004. I wanted to make sure that amount wasn’t for a multiple sale so I went to the county clerk’s records, and sure enough, that was the price for this single lot.

Bank-Owned 7.5Acres Lagoon Front Property on Indian Pass Under Contract April 2016 with List Price of $429,500

We’ll wind things up today over on Indian Pass where this bank-owned 7 1/2-acre lagoon front parcel went under contract on Monday with a list price of $429,500, a far cry from the $2.1M it sold for in late 2004.  This peaceful parcel measures 606′ on the waterfront.

That’s a wrap – good to see such continuing market interest. I’ve been working with so many buyers negotiating some great deals on lots and homes, and you can, too. If you’re thinking of getting in on some of these values, let’s talk. Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll get started. Thanks so much for taking time out of your schedule today – hope to hear from you soon.

 

 

 

 

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Apr 13 2016

Great News! Referendum for Beach Restoration Overwhelmingly Approved!!!

Published by under Cape San Blas

Efforts by a hard working crew of dedicated residents to pass a referendum to provide for renewed beach restoration on the Cape paid off on Tuesday when the measure was approved overwhelmingly by the voters living in the district most directly impacted, those north of the rocks at Stumphole to the state Park.  The Star posted an article shortly after 7 p.m. when the results were announced.

A sincerely heartfelt thank you to all involved in making this a reality; you have logged a lot of long hours and you are very much appreciated.  Thank you so much.

Beach Restoration Funding Approved April 2016

Photo of the 2008 Beach restoration project in process.

 

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Apr 09 2016

Cape San Blas Real Estate Week in Review – April 2-8, 2016

Published by under Cape San Blas

For Sale Sold Sign Seems everyone in Georgia was on Spring Break this week and having a great time here on the Cape. The weather has been awesome and business is booming. We closed four sales and wrote up six new contracts. I’m proud to say our Coastal Realty Group team participated in every one of those four sales.  Way to go team CRG!  Sellers hung For Sale signs on ten new listings and changed prices on nine others.  Let’s take a look at all the action.

Cape San Blas Gulf Front Lot Under Contract Feb. 2016 with List Price of $499,900

The first of this week’s  four sales is in one of the most beautiful areas of the Cape, Sunset Pointe, a lovely gulf front subdivision up beside the state park. The dunes and beach that line this gated community are just magnificent. You can’t blame someone for falling in love with this roughly half acre lot featuring 90′ of gulf frontage. This piece of paradise sold in 2005 for $1.4M, then again in early 2007 to the current owners for $975,000. In mid-February it went under contract with a list price of $499,900, and on Friday the happy new owners took title for $450,000.

First Tier Barrier Dunes Townhouse Under Contract March 2016 with List Price of $290,000

In nearby Barrier Dunes, buyers fell in love with this 2-bedroom, 2-bath, first tier townhouse with great views of the gulf and the pool overlooking the gulf.  The sellers bought it in January 2012 for $145,000 and set about doing a serious renovation, painting through out, all new appliances, new furnishings and a number of custom upgrades. They listed it in December 2013 for $290,000, and accepted an offer on it in early March.  On Friday the new owners’ beach dreams came true when they picked up the keys at closing for $285,000

Bank-Owned Cape San Blas Gulf Front Home Under Contract January 2016 with List Price of $499,900

About a mile south in Cape Breezes, a subdivision on the south side of Ovation, there was a bank offering in February on this 3-bedroom, 2-bath, 1,496 square foot gulf front home built in 1984.  The beauty of this place is that it’s not only located in a great little community with no HOA or HOA fees, it is also situated on a 102′ wide gulf front lot, hard to find any more on the Cape. The bank intentionally listed this at an irresistibly low price of $499,900 to encourage offers and their strategy definitely worked. Within just a few days of it hitting the MLS they had nine offers in hand. The winner of that bidding war emerged victorious this week for $601,000.

Cape San Blas Gulf View Lot Under Contract March 2016 with List price of $89,900

Next we’ll head down to the south side of the Cape to the gated community of Southbeach where this quarter-acre, gulf view, X-zone lot went under contract three weeks ago with a list price of $89,900.  The sellers bought it in mid-2014 for $54,800, and turned a tidy little profit this week closing for $75,000.

Sunset Pointe Lot Under Contract April 2016 with LIst Price of $43,500

Now on to our six new contracts, returning once again to Sunset Pointe, this time focusing on a quarter-acre interior lot listed for $42,500.   The sellers bought it from the developer in late 2014 for $34,000.

Cape San Blas Home Under Contract April 2016 with List Price $429,900

Back down on the south side of the Cape in Surfside Estates, a newly listed 3-bedroom, 2-bath, 1,480 square foot home with an in-ground pool and in the “X” zone went under contract with a list price of $429,900.  The sellers bought the lot in 2011 for $45,000 and started building shortly thereafter.

C-30 Bay Front Estate Under Contract April 2016 with LIst Price of $699,000

We’re travelling off the Cape heading over to the Simmons Bayou area where buyers penned an offer on this handsome 3-bedroom, 3 1/2-bath, 3,090 square foot home tucked away on 257′ feet of bay front and surrounded by 5.73 acres.  Hard to believe but the owners picked up that large parcel of land back in 1984 for a mere $50,000.  They have this home under contract now with a list price of $699,000.

Treasure Bay Lot Under Contract April 2016 with List Price of $37,000

Heading east along C-30 contract number four is on a 105′ by 215′, half-acre lot in Treasure Bay listed for $37,000. The sellers bought the property in 2001 for $24,500, roughly $33,000 today in inflation-adjusted dollars.

Money Bayou Gulf Front Lot Under Contract April 2016 with List Price of $278,000

This next contract is over in Money Bayou on Sweetwater Drive where buyers made a wise choice writing up an offer on this 50′ wide, half-acre gulf front lot listed for $278,000. This is a terrific area along the south-facing beach and is a FEMA-eligible.   The sellers bought the property in late 2009 for $109,900.

Indian Pass Lagoon Front Lot Under Contract April 2016 with List Price of $79,000

We’ll wrap things up today over in Indian Pass where another recently listed property went quickly under contract with a list price of $79,000. This is a 2.32-acre lagoon front parcel near the boat launch at the tip of the peninsula. It’s a pretty setting with what appears to be a fair amount of wetlands.

I hope you’re enjoying similarly gorgeous Spring weather in your  part of the world as we are here on the Cape this week. I have some serious Spring fever and anxious to head out and enjoy some of this warm sunshine. I’m showing property again this afternoon, gulf front lots on the Cape, so that’s a pleasant way to enjoy an afternoon at the beach!  I’ll have my phone with me, so if you want more info on these or any other property, or if you want to talk about what your property might bring today if you’re an owner, by all means give me a call at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com . Always happy to talk real estate.  I look forward to hearing from you. Thanks for stopping by.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

six new contracts

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Apr 02 2016

Cape San Blas Real Estate Week in Review – Mar. 26 – Apr. 1, 2016

Published by under Cape San Blas

For Sale Sold SignWhat a smokin’ hot week in real estate!  We had seven closingsfour new contracts, added eight new listings and changed prices on eleven others. Our inventory shed two, closing the week at 253, with 82 homes and 171 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.  We have a lot of territory to cover today so let’s see what has buyers fired up.

Cape San Blas Interior Lot Under Contract March 2016 with List Price of $49,900

One of the northernmost subdivisions subdivisions on the Cape is Sunset Pointe, and that’s where we’ll kick off today’s review of our seven sales.  This 87′ by 213′ “X” zone lot went under contract just last week the day after it debuted on the market sporting a $49,900 price tag, quite a difference from the price it commanded back in early 2004 when it sold for $380,000.  The current owner bought it in mid-2014 for $33,000, and sold it on Thursday for $47,500. The road to the right of the lot you see in the photo above is the entrance road to the state park.

Barrier Dunes Townhouse Sold March 2016 for $180,000

In nearby Barrier Dunes parties negotiated a quick deal on this 2-bedroom, 2 1/2-bath, 1,216 square foot townhouse for which the seller was asking $184,900. Early in the week someone offered them $180,000 and also offered to also pay $1,000 of the sellers closing costs and they closed on Thursday for $180,000 cash.

Cape San Blas Bay View Lot Under Contract March 2016 with List Price of $39,900

The next sale is a bay view lot in Ovation on Regatta Drive listed for $39,900. The sellers bought it back in 2012 for $19,000, and sold it on Thursday for $34,500.

Cape San Blas Waterview Lot Under Contract May 2016 with List Price of $134,500

Sale number four is on Seahorse Lane in Feather Sound. This is another quick turn around sale, as the quarter-acre lot sold last January for $75,000 and was listed for $134,500.  The parties went to closing on Wednesday and settled for $135,000 cash

Cape San Blas Gulf Front Home Under Contract July 2015 with List Price of $485,000

This next sale is on Antilles Drive back behind Pristine Properties Vacation Rentals. Here we have a 1,776 square foot, 5-bedroom, 3 1/2-bath gulf front home built in 1987 under contract since January with a list price of $500,000. The sellers bought it in 2003 for $325,000, and have made improvements since then, including adding new decks.  Their hard work has now paid off with their turning over the keys at closing for $480,000.

Simmons Bayou Home Sold for $375,000 March 2016

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 in early February with a list price of $386,000. On Wednesday the new owners picked up the keys at closing for $375,000. After years of sitting dormant, it’s nice to see this subdivision finally coming to life, with other houses underway and a couple already sold.

Indian Pass Gulf View Lot Under Contract March 2016 with List Price of $172,500

Our final sale takes us out near the tip of the Indian Pass peninsula to this 105′ by 75′ first tier lot listed for $172,500. According to the MLS notes, the gulf front lot seaward of it has been deemed unbuildable.  There was no sales data available in the county property appraisers site.  The new owners took title on Thursday for $142,500 cash.

Cape San Blas Gulf Front Condo Under Contract March 2016 with List Price of $360,000

We’ll return to the north end of Cape San Blas to begin our review of this week’s four new contracts, beginning with this 3-bedroom, 2 1/2-bath, 1,670-square foot gulf front condo listed for $360,000. It was built in 1986 and is situated in an “X” flood zone. The sellers bought the unit back in 2003 for $433,500.  Monthly condo fees for these units are $785.

Cape San Blas Gulf Front Home Under Contract March 2016 with List Price of $998,000

Buyers were all about waterfront this week, with all four of our new contracts fronting a beach of some sort. Down near Scallop Cove in Clifton Place, sellers accepted an offer on their 5-bedroom, 4 1/2-bath, 4,094 square foot home centered on 50′ of Cape San Blas’s sugar white sand. The sellers bought the home in the summer of 2004 for $1.25M.

Gulf Front Home Under Contract April 2016 with List Price of $679,000

We’re travelling over to Money Bayou for contract number three, this one on a 3-bedroom, 2-bath, 1,200 square foot home listed for $679,000. This is a FEMA eligible area. The home was built in 2013 and sits on 50′ wide gulf front lot that sold in late 2011 for $100,000.

Indian Pass Lagoon Front Proprety Under Contract April 2016 with List Price of $50,000

We’re back at Indian Pass to wrap things up today with this 5+ acre lagoon front parcel listed for $50,000.  Looking at the aerials on this there appears to be a lot of wetlands and marshland included in the acreage which makes that price tag make sense. According to the county records this is a probate sale and I didn’t find any pertinent prior sale records so I suspect it has been in the family for some time.

That’s a wrap – good to see such continuing market interest.  Competition for attractive properties is really strong. If it’s looking good to you, chances are others are eyeing it as well. I’ve been working with so many buyers negotiating some great deals on lots and homes, and you can, too. If you’re thinking of getting in on some of these values, let’s talk. Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com and we’ll get started. Thanks so much for taking time out of your schedule today – hope to hear from you soon.

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