Jul 19 2014
It has been a very sad week here on the Cape as we said good-bye to our beloved lighthouse, taken from us by politicians in town with zero appreciation for its historic value who decided to turn it into a tourist attraction standing watch over a storm water retention pond.
While the city fathers may not value the Cape, many others do appreciate what a special place this is and some decided to make a part of it their very own. Three new owners went to the closing table, and six buyers penned new contracts. We added eleven new listings, and changed prices on four others. Let’s see what’s been moving (other than the lighthouse).
The first of our three sales is an irregularly shaped bay front lot listed for $89,900. It’s on Pig Bayou about a quarter mile north of the Tradin’ Post. The listing agent says it is a buildable lot, by virtue of its subdivision, Bay Haven, having been vested. On Thursday it sold for $80,000.
Just north of Scallop Cove, our second sale is a small bank-owned gulf front lot with 100′ of gulf frontage and a 20′ access easement from Cape San Blas Road. It was listed for $114,900 and sold for $75,000 on Tuesday.
We’ll travel to the south side of the Cape for our third sale, turning onto McCosh Mill Road in Piney Woods to find a 57′ by 82′, 0.11-acre “X” zone lot under contract with a list price of $59,000. It’s located directly across from the neighborhood pool, so the scene in the photo above is not the view from the lot itself, but rather of the beach from up on the circle at the south end of McCosh Mill Rd. The sellers appear to be taking a bit of a hit on this one, having purchased it in 2009 for $88,000; buyers picked up the title on Friday for $50,000 cash.
Now on to our six new contracts, beginning as we so often do on the north end of the Cape in Barrier Dunes where this 3-bedroom, 3-bath, 1,344 square foot townhouse went under contract on Tuesday as a short sale with a list price of $199,000. The sellers bought it in early 2002 for $179,900 and fixed it up turning it into a decent rental property.
Over on Lakeshore Drive, the detached single-family houses area of Barrier Dunes, we have a bank-owned 37′ by 41′ interior lot under contract with a list price of $44,100. The bank acquired the property from the developer last October.
Down the beach about a mile or so we have a gulf front lot in Ovation. This one has changed hands pretty quickly in recent years having been sold by the developer in May 2012 for $135,000 during their big inventory reduction sale. Those owners turned it last month for $225,000, and that buyer immediately put it back on the market and now has it under contract with a list price of $325,000.
More gulf front action, this time on Antilles Drive back behind Pristine Properties Vacation Rentals. Here we have a 1,776 square foot, 5-bedroom, 3 1/2-bath home built in 1987 under contract with a list price of $499,900. The sellers bought it in 2003 for $325,000, and have been trying to sell it off and on since mid-2005 when they first listed it for $995,000.
Here’s a cute little bungalow just north of Scallop Cove under contract with a list price of $389,000. Newly built in 2010, this 2-bedroom, 2 1/2-bath home packs a lot of style and utility into just 944 square feet. It features gulf views and a terrific outside patio area surrounding a pretty lap pool. The sellers purchased the lot in May 2009 for $110,000.
We’ll wrap things up today over at Indian Pass with this gorgeous gulf front lot in Indian Summer that went under contract Thursday with a list price of $299,000. It’s located in a FEMA-eligible area, and has 68′ of waterfront. This peaceful and secluded little subdivision is tucked away in a beautiful pine-studded stretch of beach, and features oyster shell roads, graceful period street lighting, and a lovely pool overlooking the gulf. In December 2011, the sellers bought it for $190,000.
That does it for this week. If you’re interested in finding out about coastal properties or if you’d like to talk about selling yours, give me a call and let’s talk. My cell number is 850-227-5197 or you can shoot me an email to email@example.com. I’ll be glad to help you out either way. Right now, that beautiful beach is calling me to enjoy that crystal clear water. Have a great weekend, and thanks for taking time to stop by today.