Archive for the 'Cape San Blas' Category

Oct 25 2014

Cape San Blas Real Estate Market Week in Review – Oct. 18-24, 2014

Published by under Cape San Blas

For Sale and SoldAction finally resumed around here this week as we closed four sales and added one new contract, seven new listings, and three price changes.   Our inventory grew by two, closing the week at 262, with 81 homes and 181 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS. Let’s see what’s cooking.

Secluded Dunes Gulf Front Lot Under Contract September 2014 with List Price of $399,000

The first of our four sales is on the north end of the Cape in Secluded Dunes where this 69′ wide gulf front lot went under contact on Tuesday with a list price of $399,000. The seller bought it back in 2001 for $299,900 which, in inflation-adjusted dollars, is the equivalent today of $403,004. On Friday they sold for $319,000 cash.

Two Adjacent Interior Lots at Secluded Dunes Under Contract October 2014 with Combined List Price of $119,000

Our second closing was also in Secluded Dunes, with two lots which actually border the state park. This 150; by 250′, 0.84 acre property was offered for $119,000, and sold for an even $100,000, also cash.

Cape San Blas Cottage Under Contract August 2014 with List Price of $174,900

We’ll head about three miles down the beach to Jamaica Drive where if you wander down the road next to the Tradin’ Post you’ll come to this cozy little 2-bedroom, single-bath, 520 square foot beach bungalow that went under contract in late August with a list price of $174,900.  The sellers picked it up in 2003 for $145,000, and sold it this week for $172,500.

Gulf Pines Duplex Under Contract August 2014 with List Price of $599,900

We’re leaving the Cape and heading over to Gulf Shores for our fourth and final sale. Here we have a gulf front home adjoined to a matching unit by a small deck and stairway. It was marketed as a single package, with the two sides listed for $599,900. Between them they have 3,356 square feet under heat and air, and a total of 6 bedrooms and 4 1/2 baths. It was built in 1983 and is on a 100′ wide lot. The new owners picked up the keys at closing on Friday for $512,500.

Cape San Blas Gulf View Home Under Contract Oct. 2014 wth List Price of $299,000

Our one new contract is in Barefoot Trace on the Cape, a casual little beach community a couple hundred feet north of Scallop Cove. This 2-bedroom, 2-bath duplex is a rarity on the Cape: a home with transferable FEMA flood insurance. This is because the building permit was pulled before the CBRA designation went into effect. The sellers bought it in mid-2003 for $252,900 and have done an impressive renovation throughout. They have it under contract now with a list price of $299,000.

That does it for this week. People are picking up on some great deals right now. Let me know if you’re interested in finding out about other opportunities; call or text me at 850-227-5197 or send me an email to sherri@sherridodsworth.com . I love helping turn readers in to neighbors. Thanks so much for taking time to stop by today. Hope to hear from you soon.

No responses yet

Oct 18 2014

Cape San Blas Real Estate Week in Review – Oct. 11-17, 2014

Published by under Cape San Blas

For Sale and SoldWe had another quiet week, closing only two sales and adding but two new contracts. Sellers added five new listings and made one price change.  Not surprisingly, our inventory remains unchanged closing once again at 260, with 82 homes ad 178 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

Cape San Blas First Tier Lot Under Contract September 2014 with List Price of $149,900

The first of our two sales is on the north side of the Cape in Peninsula Estates, where we have a 78′ by 193′, one-third acre first tier lot that went under contract in early September with a list price of $149,900. The owner bought this “X” zone lot from a bank in mid-2012 for a mere $103,000, and sold it on Wednesday for $140,000, a nice return on investment in less than two years.

Cape San Blas Gulf View Lot Under Contract October 2014 with List Price of $119,000

About two miles to the south on the Cape our other sale is on Summerhouse Lane in San Dunes.  Buyers penned a contract two weeks ago on this quarter-acre, “X” zone lot listed for $119,900. This isn’t listed as a short sale, even though the owners paid $590,000 for it in 2005.  The year before that, it sold for $335,000, a far cry from the $114,900 it sold for this week,

Bank Owned Interior Lot at Cape San Blas Under Contract October 2014 with List Price of $37,900

We return to the north side of the Cape for the first of our two new contracts, this time stopping by Barrier Dunes where we have a bank-owned 37′ by41′ interior lot on Lakeshore Drive under contract with a list price of $37,900.   Though known primarily for its popular townhomes, Barrier Dunes also has a section set aside for single family dwellings.

Cape San Blas Gulf Front Lot Under Contract October 2014 with List Price of $275,000

We’ll wrap things up today in Turtle Dunes, a little beach front community just north of Scallop Cove.  This is a 60′ wide gulf front lot listed for $275,000, and appears to be a bank-owned property though it isn’t identified as such in the MLS. According to county records, the seller acquired it from the developer through foreclosure.

And that does it. I guess folks have a little Fall Fever and taking a break from real estate shopping to be out and about enjoying this gorgeous weather. If you’re in the area this weekend, be sure to check out the annual Songwriters’ Festival Blas on the Bay, with Nashville songwriters offering up free concerts all over the Cape, Indian Pass, Port St. Joe and Mexico Beach. It’s three full days of great music, great food, and a whole lot of fun. Sweet!  Wherever you are, have a great week, and I hope to see you back here soon.  If you have any real estate questions, call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com.

 

 

No responses yet

Oct 11 2014

Cape San Blas Real Estate Week in Review – Oct. 4-10, 2014

Published by under Cape San Blas

For Sale and SoldBuyers took a bit of a Fall Break this week with no one going to closing and writing up only two new contracts.  Sellers entered four new listings and changed prices on six others.  Our inventory inched back up again, adding three, closing the week at 260 with 81 homes and 179 lots listed for sale in the Caoe San Blas, Indian Pass, and C-30 Corridor Market MLS.

Two Adjacent Interior Lots at Secluded Dunes Under Contract October 2014 with Combined List Price of $119,000

The first of our two new contracts is on the two northernmost lots in Secluded Dunes which actually border the state park. This 150; by 250′, 0.84 acre property is offered for $119,000.

Townhouse at St. Joe Country Club Under Contract October 2014 with List Price of $89,000  Our other contract is located over by St. Joe Golf Course off the C-30 Corridor. Here we have a 2-bedroom, 1 1/2-bath, 1,008 square foot end-unit townhouse overlooking the 9th hole of the golf course under contract with a list price of $89,000.  It’s not listed as a short sale even though the seller paid $174,000 for it in 2005. In 1989 it sold for $37,900, equivalent to $72,698 today in inflation-adjusted dollars.

And just like that we’re done. With all the contracts we’ve had written over the past several weeks I have no doubt today’s dearth of closings is an anomaly and that we’ll be back on track next week with a full crop.  If I can help you with either buying or selling property here along the Forgotten Coast please call or text me at 850-227-5197 or email sherri@sherridodsworth.com. Enjoy this beautiful autumn weather, and thanks so much for taking time to stop by today.

 

 

 

 

No responses yet

Oct 04 2014

Cape San Blas Real Estate Week in Review – Sept. 27-Oct. 3, 2014

Published by under Cape San Blas

For Sale and SoldAutumn is in the air and everybody wants to be out enjoying the cool, crisp weather. Just returned from the Farmer’s Market in Port Saint Joe where all up and down Reid Avenue shopkeepers had their doors thrown open welcoming the fresh air.  Buyers were out and about on the Cape throughout the week as well, snapping up cool deals on great coastal real estate. Six sales went to closing, and we wrote two new contracts. Sellers added seven new listings and lowered the price on only one. Our inventory took another healthy dip, shedding three, ending the week at 257, with 80 homes and 177 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS Market. Let’s see what’s moving.

Cape San Blas Gulf View Cottage Under Contract August 2014 with List Price of $295,500

We’ll begin our review of this week’s crop of six sales with this charming second-tier, gulf view beach cottage that went under contract in late August the same week it came on the market with a list price of $295,500. It is a 2-bedroom, 2-bath, 1,280 square foot home built in 1999. The sellers bought the third-acre lot in 1998 for $33,500.  On Friday they sold it for full list price.

Bank-Owned Interior Lot in Seagrass at Cape San Blas Under Contract September 2014 with List Price of $95,000

In nearby Seagrass our second sale is a bank-owned lot listed for $95,000. This “X” zone, quarter-acre lot last sold in 2004 for $215,000, and the bank foreclosed on it this past June. On Thursday it closed for $78,000.

Cape San Blas Lot Under Contract August 2014 with List Price of $64,000

Next up is a 137′ by 90′  “X” zone lot on the corner of Cancun and Cape San Blas Road listed for $64,000. The seller is Mediacom who purchased it in 1998 for $31,000 and used it to place their gigantic satellite dishes on. Not sure about the details on this one, but it sold for above list price at $64,151.

Cape San Blas Gulf View Cottage Under Contract April 2014 with List Price of $189,000

We’ll head a few blocks further south down the beach to Jamaica Drive. If you wander down this road next to the Tradin’ Post you’ll come to this cozy little 2-bedroom, single-bath, 520 square foot beach bungalow listed for $184,000.  The sellers picked it up in June 2007 for $201,000, and sold it this week for $175,000.

Cape San Blas Gulf Front Lot Under Contract August 2014 with List Price of $259,000

On the south side of the Cape in Boardwalk we have a short sale on a 2-bedroom, 2-bath, 1,296 square foot interior “X” zone home listed for $279,000. The sellers bought it in 1998 for $109,000. Boardwalk is one of the original subdivisions on the Cape; it’s a quiet little neighborhood developed in the early 80’s, features deeded gulf access for all properties, and an inviting community pool overlooking the Gulf.  On Thursday the bank turned over the keys to the new owners for $250,000.

Home in Indian Pass Beach Subdivision Under Contract in August 2014 with List Price of $199,000

We’ll leave the Cape now for our one and only time today heading over to Indian Pass Beach Subdivision where this 3-bedroom, 2-bath, 1,008-square foot interior home built in 1990 went under contract in early August with a list price of $199,000. The sellers bought it in early 2007 for $315,000 and have used it as a long-term rental since them.  The parties closed for $175,000.

Cape San Blas Gulf Front Lot in Secluded Dunes Under Contract September 2014 with List Price of $395,000

Now on to our two new contracts beginning up in Secluded Dunes. A Realtor was working with a buyer who wanted a lot in this neighborhood, but none were currently listed.  She checked with the owner of this lot who said they’d be willing to sell it for $395,000 which the buyers agreed to, and voila! Everybody’s happy and they’re on their way to closing. It never hurts to ask.

Cape San Blas Gulf View Lot Under Contract October 2014 with List Price of $119,000

About three miles to the south on the Cape our next contract is on Summerhouse Lane in San Dunes.  Buyers penned a contract on this quarter-acre, “X” zone lot listed for $119,900. This isn’t listed as a short sale, even though the owners paid $590,000 for it in 2005.  The year before that, it sold for $335,000.

That does it for this week. The inventory’s getting slim so competition for properties is intensifying. If you’ve had your eye on a particular listing, better to act sooner than later as it may be gone by the time you decide to make your move. If you’ve been thinking of selling, the market has definitely improved for you.  I’ll be glad to help either way – just text or call me at 850-227-5197 or shoot an email to sherri@sherridodworth.com . Have a terrific week and I hope to hear from you soon. Thanks so much for taking time to stop by today.

No responses yet

Sep 27 2014

Cape San Blas Real Estate Week in Review – Sept. 20-26, 2014

Published by under Cape San Blas

For Sale and SoldFall arrived right on schedule this week with cooler days and lower humidity, crystal clear blue skies, and quieter beaches.  Our market didn’t cool off much, though, as we closed seven sales and wrote two new contracts, added but one new listing, and changed prices on eight others.   With all that, we trimmed two from our inventory, closing the week at 260, with 78 homes and 182 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market. Let’s see what’s been moving.

Cape San Blas Gulf Front Lot Under Contract August 2014 with List Price of $179,000

The first of our seven sales is a gulf front property on White Sands Drive on the northern side of the Cape peninsula. This very shallow lot used to have a house on it but that was moved to the other side of the street years ago because of beach erosion. The sellers bought this in November 2010 for $110,000, put it under contract at the beginning of August with a list price of $179,000, and sold it on Friday for $155,000.

Cape San Blas Bank-Owned Second Tier Lot Under Contract September 2014 with List Price of $74,900

Around the corner in San Blas Shores up on Cape San Blas Road we have a bank-owned second tier lot listed for $74,900. In May 2004 it sold for $215,000; the following summer, the owners sold a one-half interest in the property for $195,000. Sun Trust Bank acquired it in July through foreclosure, and sold it on Tuesday for $74,000 cash.

Cape San Blas Gulf Front Townhouse at Cape Shoals Under Contract August 2014 with List Price of $235,000

About a mile and a half south of San Blas Shores, our third sale is in Cape Shoals, one of the older communities on the Cape developed back in 1986. Buyers penned a contract in early August on a 2-bedroom, 2 1/2-bath, 1,120 square foot end unit listed for $235,000. A group of owners have had this since the mid-90’s so I couldn’t find any significant sales history. On  Monday they turned over the keys at closing to the new owners for $210,000.

Bank-Owned Cape San Blas Bay Front Lot Under Contract August 2014 with List Price of $195,000

Next up is a bank-owned bay front lot across the street from Seagrass subdivision. This 100′ by 778′ , 1.7-acre lot listed for $195,000 last sold in the summer of 2001 for $100,600.  Some savvy buyer got a heck of a deal on it this week, managing to snap it up for a mere $169,000.

Cape San Blas Gulf Front Home Under Contract August 2014 with List Price of $899,900

We’re down in Turtle Dunes for our next sale, a 4-bedroom, 4 1/2-bath, 2,948 square foot home on 52′ of gulf front under contract since mid-August with a list price of $899,900. The sellers bought this “X” zone home in early 2010 for $800,000. Last year it generated over $63,000 in gross rental income.  On Monday they sold it for $866,000.

Bank-Owned Cape San Blas Bay Front Lot Under Contract August 2014 with List Price of $177,500

A few hundred feet north of Scallop Cove on Pilot Drive we have another bank-owned bay front lot, this one a 50′ wide beauty listed for $177,500. It features a shared dock, and deeded gulf access through nearby Silent Sands. Another lucky buyer got a steal of a deal on this one, too, managing to successfully negotiate a deal for $115,000

Cape San Blas Gulf Front Lot Under Contract August 2014 with List Price of $259,000

Just a few blocks further south, we have a 50′ wide gulf front lot under contract with a list price of $259,900.  This is another one I’m not finding any county sales history on. On Monday they picked up a check at closing for $234,000.

Cape San Blas First Tier Home Under Contract September 2014 with List Price of $375,000

Only two new contracts this week, both on the Cape, the first of which is on the north side of the peninsula up in Summer Sands, a relatively new subdivision just a bit south of Coneheads. The sellers bought this first tier, X zone lot in December 2012 for $80,000, and are building this 4-bedroom, 4-bath, 2,100 square foot home that they have listed for $375,000.

Cape San Blas Gulf Front Lots Under Contract May 2014 as Short Sales with List Prices of $250,000

Down on the south side of the Cape, on McCosh Mill Road in Piney Woods, we have a gulf front lot under contract as a short sale with a list price of $250,000. This 1+ acre lot has roughly 57′ of waterfront and depth of about 890′, with X zone, and sold for $700,000 back in May 2005.  This lot is going to make an absolutely lovely beach front home site.

That wraps it up for this week. As you can see, there are some terrific values out there so if you’d like to take advantage of this market get in touch with me either by calling or texting me on my cell at 850-227-5197 or shooting me an email to sherri@sherridodsworth.com . In the meantime, have a great week and hope to hear from you soon. Thanks for stopping by today.

 

No responses yet

Sep 20 2014

Cape San Blas Real Estate Week in Review – Sept. 13-19, 2014

Published by under Cape San Blas

For Sale and SoldSeptember sales continue to roll right along as we logged another good week, with four sales, three new contracts, added four new listings, and changed prices on six others, with three of those being price increases. Our inventory remains essentially unchanged, closing once again at 262, with 78 homes and 184 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.

Cape San Blas Gulf View House Under Contract with List Price of $389,000

The first of today’s four sales is a cute little bungalow just north of Scallop Cove under contract since early August 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 and sold the home on Thursday for $340,000,, with the parties splitting the fees for sate documentary stamps, title insurance and attorney fees.

Cape San Blas Gulf Front Lot Under Contract with List Price of $295,000

Not far from the rocks at Stumphole, our second sale is a gulf front lot approximately 120′ wide that was listed for $295,000.  When it last sold in 2004 for $600,000, there was a 2,300 square foot home on it which was subsequently moved over to Simmons Bayou. This time around it went for $250,000 with the buyers paying for title insurance, which would be about $1,325 at that price.

Bank-Owned First Tier Lot at Indian Pass Under Contract August 2014 with List Price of $50,000

We’ll leave the Cape for our third sale which is a bank-owned  50′ by 200′ FEMA-eligible first tier lot in the Cottages at Indian Summer that was listed for $50,000. On Thursday it closed for $45,000 cash.

Bank-Owned Lagoon Front Lot In Mystic Palms at Indian Pss Under Contract August 2014 with List Price of $59,900

We’ll end our sales review in Mystic Palms, a tranquil little gated community on Indian Pass lagoon not far from the boat launch on the east end of the peninsula. This bank-owned lagoon front lot that sold in April 2004 for $350,000 went under contract in mid-August with a list price of just $59,900.  The bank received multiple offers and told the bidders to submit their highest and best offers, resulting in a sale on Tuesday of $68,500,  14% above list.

Secluded Dunes Gulf Front Lot Under Contract September 2014 with List Price of $399,000

Now on to our three new contracts beginning on the north end of the Cape in Secluded Dunes where this 69′ wide gulf front lot went under contact on Tuesday with a list price of $399,000. The seller bought it back in 2001 for $299,9000 which, in inflation-adjusted dollars, is the equivalent today of $403,004.

Bank-Owned First Tier Lot in Seagrass Under Contrat September 2014 with List Price of $147,000

There has been a lot of action in Seagrass recently and this week we have a bank-owned first tier lot under contract there with a list price of $147,000. All of the lots in this subdivision are in the “X” zone, and all have deeded gulf access. In January of 2004 this property sold for $225,000, and those folks sold it a year later for $650,000. Hard to believe.

Mobile Home on Bay Front Lot Under Contract September 2014 with List Price of $169,000

Our third and final new contract is on a 101′ wide bay front lot with a dock and 1966 model 400 square foot mobile home on site.  Located just south of Scallop Cove, this estate sale is listed for $169,000.

And that’s a wrap. Our housing inventory is way low so competition for what remains is heating up.  If you’ve been thinking of selling, let’s talk and see if the time is right.  Demand is strong.  Call or text me at 850-227-5197, or send an email to sherri@sherridodsworth and we’ll run the numbers.  Have a great week – hope to see you back here soon, and I so appreciate your taking time to stop by today.

No responses yet

Sep 13 2014

Cape San Blas Real Estate Week in Review – Sept. 6-12, 2014

Published by under Cape San Blas

For Sale Sold Sign     Summer sales keep sizzling right along as we turned in another strong week with seven sales, four new contracts, three new listings, and four price changes. Our inventory took another nice little dip, shedding three, closing at 264 with 77 homes and 187 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.

Gulf Front Lot in Secluded Dunes at Cape San Blas Under Contract July 2013 with List Price of $299,000

The first of our seven sales is a gulf front lot up in Secluded Dunes, the northernmost subdivision on the Cape. It’s a beautiful area adjoining the state park and is one of the earliest subdivisions out here having been a project of Langdon Flowers (of the Flowers Bakeries family fame) who also developed Barrier Dunes, both projects in the early ’80′s.  This lot has 58′ feet on the water and is just shy of half an acre. The sellers got their full list price of $319,000,  well above the $250,000 they paid for it in late 2010.  That’s a far cry from the  $1,362,500 it sold for in 2005.

Cape San Blas Townhouse at BArrier Dunes Under Contract September 2014 with List Price of $245,000

In nearby Barrier Dunes our next closing is 2-bedroom, 2 1/2-bath, 1,356-square foot “X” zone townhouse that went under contract just last week with a list price of $245,000. The seller bought it in 1991, the year it was built, for $140,000 which, in inflation-adjusted dollars, is equal to $244,897, its current list value. On Friday the new owners picked up the keys at closing for $235,000.

Cape San Blas Gulf View Home Under Contract August 2014 with List Price of $299,000

Now here’s something we don’t see everyday, a house that was relocated onto a new lot. The seller is the developer of Rosemary Dunes and the house was originally located on one of the gulf front parcels he purchased.  Known for years as “Lone Pines” in the rental market, this 2-bedroom, 1-bath, 1,200 square foot circa 1980 home was moved on to a lot on Cape San Blas Road in Paradise Gulf that the developer also purchased in March of this year for $70,000. He offered it for sale for $249,000 and on Tuesday was able to get $245,000 for it.

Bank-Owned Gulf Front Lot Sold September 2014 for $250,000

Here we have a FSBO – For Sale By Owner –  and an owner who also just happens to be a bank.  It’s a 50′ wide lot with pilings in place and its located south of Scallop Cove.  An agent working with a buyer contacted them to see what they would take for it, and the parties settled on a price of $250,000 with the buyer paying all of the closing costs including the brokerage commission.

Gulf Pines First Tier Home Under Contract July 2014 with List Price of $389,000

We’ll leave the Cape for awhile and head east along C-30 over to Gulf Pines, where we have a 3-bedroom, 2 1/2-bath, 2,000 square foot home circa 1984 under contract since the end of July with a list price of $389,000. This neat and trim first tier home with lovely gulf views is situated on a spacious corner lot. The sellers bought it in December 2012 for $260,000 and have remodeled it nicely.  Their efforts were rewarded on Tuesday when they turned over the keys to the new owners in exchange for their check of $322,400.

Two Interior Lots Off C-30 Corridor Under Contract August 2014 with List Prices of $12,000 Each

Our final two sales are way out on C-30, almost to the Franklin County line in the little community of Stillwater. They’re 2 one-third acre lots, each offered for $12,000. They weren’t listed as short sales even though the sellers paid $110,000 each for them in 2004, and on Friday they let them go for $7,000 apiece.

Cape San Blas Gulf View Home at Seagrass Under Contract September 2014 with List Price of $449,000

Seagrass was a popular place this week as its the site of the first two of our four new contracts, beginning with this attractive 4-bedroom, 4-bath, 2,162 square foot home listed for $449,000. The lot alone sold in early 2005 for $432,000. This vacation rental home has awesome gulf views, even though it sits five lots back from the beach. It has a nice pool, and is in the “X” zone. The listing agent is part owner.

Bank-Owned Interior Lot in Seagrass at Cape San Blas Under Contract September 2014 with List Price of $95,000

A short stroll up the street in Seagrass our next contract is on a bank-owned lot listed for $95,000. This “X” zone, quarter-acre lot last sold in 2004 for $215,000, and the bank foreclosed on it this past June.

Cape San Blas Gulf Front Home Under Contract September 2014 as Short Sale with List Price of $1,346,500

Lots of action in this little area today as our third contract is just around the corner on Haven Road. This one’s a gulf front 4,401 square foot behemoth with 8 bedrooms, 7 full baths and 2 half baths all situated on a 55′-wide gulf front lot. The sellers bought that lot in mid-2001 for $270,000, built the house in 2005, and now have it under contract as a short sale with a list price of $1,346,500.

Bay View Lot on C-30 Corridor Under Contract September 2014 as Short Sale with List Price of $187,000

We’ll wrap things up today back out on C-30, this time heading north along the Scenic Corridor through Treasure Bay to this 103′ by 220′ lot listed as a short sale for $39,000. The owners bought it in the summer of 2004 for $187,000, and prior to that it had sold in 1990 for $9,600.

Well, that does it for this week. If you have questions regarding coastal properties, or if you’re considering selling, I’d love to talk with you. As you have seen, our housing inventory is getting pretty low. Please call or text me on my cell at 850-227-5197 or send an email to sherri@sherridodsworth.com. Have a terrific weekend, and thanks so much for taking time out to stop by today.

No responses yet

Sep 06 2014

Cape San Blas Real Estate Week in Review – August 29 – Sept. 5, 2014

Published by under Cape San Blas

+

-For Sale and SoldWith Labor Day in our rear view mirror, summer may be officially over but luckily buyers didn’t seem to get that memo as they were still here snapping up great real estate deals. We had a good week, with two closings and five new contracts. We added three new listings and made four price changes. With all that, we trimmed our inventory a bit, closing down six from last week, ending at 267, with 80 houses and 187 lots listed for sale in the MLS for the Cape San Blas, Indian Pass and C-30 Corridor market.

Bay View Home in Ovation at Cape San Blas Under Contract August 2014 with List Price of $729,000

The first of our two sales is on the Cape in  Ovation where this handsome 4-bedroom, 3 1/2-bath, 2,278 square foot recently completed home overlooking St. Joe Bay went under contract two weeks ago with a list price of $729,000. At that price, the furnishings were negotiable. The sellers purchased the first tier lot in August of 2011 for $95,000, built this magnificent home, and sold it on Friday for $662,000.

Cape San Blas Bay Front Home Under Contract August 2014 with List Price of $587,000

Our other sale is  a 2-bedroom, 2 1/2-bath, 1,411 square foot bay front home listed for $587,000. It was built in 2008 and is situated on a 1.13-acre lot with 100′ of water frontage overlooking Pig Island.  On Friday it sold for $560,000.

Cape San Blas Townhouse at BArrier Dunes Under Contract September 2014 with List Price of $245,000

Now on to our five new contracts beginning up in Barrier Dunes where this 2-bedroom, 2 1/2-bath, 1,356-square foot “X” zone townhouse went under contract Wednesday with a list price of $245,000. The seller bought it in 1991, the year it was built, for $140,000 which, in inflation-adjusted dollars, is equal to $244,897, its current list value.

Cape San Blas First Tier Lot Under Contract September 2014 with List Price of $149,900

About half a mile down the beach in Peninsula Estates, our second contract is on a 78′ by 193′, one-third acre first tier lot under contract with a list price of $149,900. This owner bought this “X” zone lot from a bank in mid-2012 for a mere $103,000. That should provide a nice return in less than two years.

Cape San Blas Bank-Owned Second Tier Lot Under Contract September 2014 with List Price of $74,900

Next door to Peninsula Estates is San Blas Shores where we have a bank-owned second tier lot listed for $74,900. In May 2004 it sold for $215,000; the following summer, the owners sold a one-half interest in the property for $195,000. Sun Trust Bank acquired it in July through foreclosure.

Bank-Owned Cape San Blas Bay Front 9.5 Acre Plot Under Contract September 2014 with List Price of $998,000

This next contract is on an absolute gem of a property, a 9 1/2-acre bay front parcel with 830′ of waterfront. Overlooking the bay is this impressive 8-bedroom, 6 1/2-bath, 5,144 square foot home.   This bank-owned stunner is under contract with a list price of $998,000.

Cape San Blas Bank-Owned 1.7 Acre Bay Front Lot Under Contract September 2014 with LIst Price of $195,000

Our fifth and final new contract is on another bank-owned bay front property listed for $195,000. This 1.7-acre parcel measuring 100′ by 778′ last sold in mid-2001 for $100,600.

That’s a wrap for this week. Lots going on – if you’re interested in finding a great value of your own, call or text me at 850-227-5197 or contact me at sherri@sherridodsworth and we’ll get started. I hope to hear from you soon, and really appreciate your taking time to stop by today.

No responses yet

Aug 30 2014

Cape San Blas Real Estate Week in Review – August 22-29, 2014

Published by under Cape San Blas

For Sale and SoldHousing permits surged 15.7% nationally in July and our market definitely followed that trend with new homes going up all over the Cape.  Property is seeing strong demand and we had another robust showing this week with four sales and five new contracts. Sellers added two new listings, and changed prices on seven others, two of which are price increases.  Our inventory took a nice dip, closing down by five at 273, with 85 houses and 188 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market. Let’s take a look at what’s been going on.

Cape San Blas Gulf Front Lot at Secluded Dunes Sold August 2014 for $750,000

The first of our four sales is an eye-opener that’s sure to shake up waterfront comps.  Up on the beach in Secluded Dunes, a buyer working with an agent expressed an interest in owning this 115′ wide gulf front lot though it wasn’t listed for sale. The agent negotiated with the owners who said they would take $750,000 for it, the buyer agreed, and the parties closed on Friday.

Bank-Owned Cape San Blas Lot at Barrier Dunes Under Contract July 2014 with List Price of $44,100

Over on Lakeshore Drive, the detached single-family houses area of Barrier Dunes, we have a bank-owned 37′ by 41′ interior lot that went under contract in mid-July with a list price of $44,100 which is exactly what it sold for. The bank acquired the property from the developer last October.

Cape San Blas Road Front Lot Under Contract with List Price of $52,000 July 2014

Just south of Rish Park in Paradise Bay on the bay side of Cape San Blas Road our next sale is a roughly half-acre lot measuring 100′ by 200′ that went under contract last month with a list price of $52,000. Paradise Bay is a sister subdivision of Paradise Gulf located directly across the street. There is no HOA, and every owner enjoys deeded gulf and bay access. The sellers owned this “X” zone lot for some time, and had it listed for $52,000.  On Friday the new owners took title for $46,000.

Bank-Owned Gulf Front Lot Sold August 2014 for $165,000

Down near the rocks at Stumphole our fourth and final sale is a 60′ wide bank-owned gulf front lot listed and sold for $165,000.   This is a prime example of the cardinal rule of Real Estate 101: it’s all about location.

Cape San Blas Gulf View Cottage Under Contract August 2014 with List Price of $295,500

Now on to our crop of five new contracts beginning with this charming second-tier, gulf view  beach cottage that just came on the market last week with a list price of $295,500. It is a 2-bedroom, 2-bath, 1,280 square foot home built in 1999. The sellers bought the third-acre lot in 1998 for $33,500.

Cape San Blas Lot Under Contract August 2014 with List Price of $64,000

Next up is a 137′ by 90′  “X” zone lot on the corner of Cancun and Cape San Blas Road listed for $64,000. The seller is Mediacom who purchased the property in 1998 for $31,000 and used it to place their gigantic satellite dishes on.

Cape San Blas Cottage Under Contract August 2014 with List Price of $174,900

We’ll head a just a few blocks further south down the beach to Jamaica Drive where if you wander down the road next to the Tradin’ Post you’ll come to this cozy little 2-bedroom, single-bath, 520 square foot beach bungalow listed for $174,900.  The sellers picked it up in 2003 for $145,000.

Bank-Owned Cape San Blas Bay Front Lot Under Contract August 2014 with List Price of $177,500

A few hundred feet north of Scallop Cove on Pilot Drive this next contract is on a bank-owned 50′ wide bay front lot listed for $177,500. It features a shared dock, and deeded gulf access through nearby Silent Sands.

Bank-Owned First Tier Lot at Indian Pass Under Contract August 2014 with List Price of $50,000

We’ll leave the Cape for the first time today for our fifth and final contract which is on another bank-owned lot, this one a 50′ by 200′ FEMA-eligible first tier lot in the Cottages at Indian Summer listed for $50,000.

That does it for this week. We’re ready for a busy Labor Day as we have a lot of visitors here to take advantage of the 3-day holiday and celebrate one last hurrah of Summer 2014.  If your plans include looking for a coastal treasure to stake your place in paradise, call or text me at 850-227-5197 or write me at sherri@sherridodsworth.com.  Have a fun-filled and safe weekend, and I hope to see you back here soon.

No responses yet

Aug 23 2014

Cape San Blas Real Estate Market Review – August 9-22, 2014

Published by under Cape San Blas

For Sale and Sold SignI had a productive week in Orlando at the Florida Realtors’ Convention,  and met Realtors from all over the state, all reporting the same thing: their markets are going strong, with year over year sales up. It’s great to be home and back to work. Our market shows no sign of slowing, this week closing eight sales and penning nine new contractsEighteen properties were added to the inventory,  and eleven others adjusted their prices. Since last we met, our inventory inched up by three, closing at 278, with 85 homes and 193 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS. Let’s catch up on what’s been going on for the past two weeks.

Cape San Blas Bay View Home Under Contract June 2014 with List Price of $349,000

The first of our eight sales is at the Cape on Bayou Drive, with this 2-bedroom, 2-bath, 1,800 square foot bay front home that went under contract in mid-June with a list price of $349,000. The sellers bought it in January of 2004 for $300,000 and put a lot of work into upgrading it, reconfiguring the original layout, and landscaping. The offering includes shared access to a very fine dock and an easement from Cape San Blas Road.  On Wednesday they turned over the keys to the new owners for $325,000.

Turtle Dunes First Tier Lot Sold July 2013 for $106,440

Our next sale is in Turtle Dunes, a small subdivision on the Cape about a half mile north of Scallop Cove.  In mid-2005 this first tier lot sold for $675,000. Last summer the sellers bought it as a short sale for $106,440, put it under contract the first week of July with a list price of $160,000, and closed last week for $155,000 cash.

Cape San Blas Gulf First Tier Lot Under Contract August 2014 with List Price of $69,900

A short distance south of Scallop Cove Convenience Store our third sale is an 80′ by 179′, one-third-acre first tier lot with deeded gulf access that went under contract August 4 with a list price of $69,900. The seller bought it in 2005 for $425,000, and sold it for $70,000 cash.

Piney Woods Lot on Cape San Blas Sold August 2014 for $31,500

On the south side of the Cape in Piney Woods, our next sale is a 55′ by 75′ interior lot that the sellers purchased as a foreclosure last June for $18,300. Eight years earlier in June of 2005 it sold for $409,900. They put it under contract last week with a list price of $36,900, and closed last Friday for $31,500.

Cape San Blas First Tier Lots Under Contract April 2014 with Individual List Prices of $50,000 Each

For our fifth and sixth sales, we’ll mosey a few blocks down the beach from Piney Woods to a micro-subdivision called Lantana by the Sea, where we have two contiguous first tier lots totaling half-an acre, that went under contract the first week of July with list prices each of $50,000.  The seller obtained these in July 2013 by transfer of a deed in lieu of foreclosure for $10,000 each and turned a nice little profit on Monday when he sold them for $35,000 cash each.

Bay View Lot on C-30 Under Contract May 2014 as Short Sale with List Price of $21,900

We’ll head out along the C-30 Corridor for our seventh sale, a 76′ by 218′, 0.37-acre bay view lot in Treasure Bay on the east side of C-30, not far from the St. Joe Bay Buffer Preserve center.  The owners bought it in early 2005 for $195,000, had it listed as a short sale for $21,900, (well below the $35,000 it sold for back even in 2001), and sold it on Friday for $21,000 cash.

Indian Pass Lagoon View Lot Under Contract August 2014 with List Price of $29,500

Our final sale takes us all the way out to near the tip of the Indian Pass Peninsula to the gated community of Mystic Palms where this irregularly shaped quarter-acre lagoon view lot went under contract on the 31st of July with a list price of $29,500. The seller is the developer and sold this property on Friday for $28,000 with the buyer paying all of the closing costs including the broker’s commission.

Bay View Home in Ovation at Cape San Blas Under Contract August 2014 with List Price of $729,000

Now onto our nine new contracts, returning to the Cape this time heading to Ovation where this handsome 4-bedroom, 3 1/2-bath, 2,278 square foot recently completed home overlooking St. Joe Bay went under contract last Monday with a list price of $729,000. At that price, the furnishings are negotiable. The sellers purchased the first tier lot in August of 2011 for $95,000.

Cape San Blas Gulf Front Townhouse at Cape Shoals Under Contract August 2014 with List Price of $235,000

About a mile futher south of Ovation this next contract is located in Cape Shoals, one of the older communities on the Cape developed back in 1986. Buyers penned a contract on a 2-bedroom, 2 1/2-bath, 1,120 square foot end unit listed for $235,000. A group of owners have had this since the mid-90’s so I couldn’t find any significant sales history.

Cape San Blas Gulf Front Home Under Contract August 2014 with List Price of $899,900

We’re back in Turtle Dunes again where this 4-bedroom, 4 1/2-bath, 2,948 square foot home on 52′ of gulf front went under contract on the 12th with a list price of $899,900. The sellers bought this “X” zone home in early 2010 for $800,000. Last year it generated over $63,000 in gross rental income.

Cape San Blas Gulf Front Lot Under Contract August 2014 with List Price of $259,000

Just a few blocks further south, we have a 50′ wide gulf front lot under contract with a list price of $259,900.  This is another one I’m not finding any county sales history on.

Cape San Blas Gulf Front Lot Under Contract August 2014 with List Price of $259,000

On the south side of the Cape in Boardwalk we have a short sale contract on a 2-bedroom, 2-bath, 1,296 square foot interior “X” zone home listed for $279,000. The sellers bought it in 1998 for $109,000. Boardwalk is one of the original subdivisions on the Cape; it’s a quiet little neighborhood developed in the early 80’s, features deeded gulf access for all properties, and an inviting community pool overlooking the Gulf.

Two Interior Lots Off C-30 Corridor Under Contract August 2014 with List Prices of $12,000 Each

Contracts five and six are way out on C-30, almost to the Franklin County line in the little community of Stillwater. They’re on 2 one-third acre lots, each listed for $12,000. They aren’t listed as a short sale even though the sellers paid $110,000 each for them in 2004.

Home in Indian Pass Beach Subdivision Under Contract in August 2014 with List Price of $199,000

We’ll go back out onto the Indian Pass Peninsula for our last two contracts, stopping first in Indian Pass Beach Subdivision where this 3-bedroom, 2-bath, 1,008-square foot interior home built in 1990 went under contract on Tuesday with a list price of $199,000. The sellers bought it in early 2007 for $315,000 and have used it as a long-term rental since them.

Bank-Owned Lagoon Front Lot In Mystic Palms at Indian Pss Under Contract August 2014 with List Price of $59,900

We’ll end our review today in Mystic Palms, a tranquil little gated community on Indian Pass lagoon not far from the boat launch on the east end of the peninsula. This bank-owned lagoon front lot that sold in April 2004 for $350,000 went under contract last week with a list price of just $59,900.

That’s a wrap for this week. Now is the time to get in the game if you’re hoping to take advantage of today’s bottomed-out prices on prime coastal real estate. There are more and more buyers shopping for fewer and fewer properties and that trend is pushing prices back up again.  So if you’ve been thinking of buying or selling,  call or text me at 850-227-5197 or shoot an email to sherri@sherridodsworth.com and we’ll get to work. Have a great week, and I really appreciate your taking time out to stop by today

 

 

No responses yet

Next »