Archive for the 'Cape San Blas' Category

Nov 22 2014

Cape San Blas Real Estate Week in Review – Nov. 15-21, 2014

Published by under Cape San Blas

For Sale and Sold     The week before the season’s busiest travel week was slow but steady as we closed three sales and wrote up two new contractsSellers listed three new properties and changed prices on four others. Our inventory remains unchanged from last week, closing once again at 262, with 83 homes and 179 lots listed for sale in the MLS in the Cape San Blas, Indian Pass and C-30 Corridor markets. Let’s see what’s selling.

Cape San Blas Interior Lot in Sunset Pointe Sold November 2014 for $34,000

We’ll start our review of this week’s three sales way up on the north end of the Cape in Sunset Pointe where we had a quarter-acre interior lot on Hemmingway sold by the developer for $34,000 cash. The property wasn’t listed when the buyer’s agent wrote up the offer; they contacted the owner/developer, agreed to his terms, and off they went to closing on Tuesday. Sunset Pointe is a gated community with a pool and walkovers to the beach.

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

Our second sale is in nearby Barrier Dunes where we have a bank-owned 37′ by 41′ interior lot on Lakeshore Drive under contract since early October 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. The seller signed over the title on Thursday in exchange for $35,000 cash.

Cape San Blas Spec House Under Contract July 2014 with List Price of $389,000

Our third and final sale is on the corner of Cape San Blas Road across the street from the gulf side pool at Ovation; it’s new construction of a 3-bedroom, 3-bath, 1,920 square foot home for which the builder, Big Fish Construction listed for $389,000.  The company bought the lot in September 2013 for $72,500, and sold the package deal for $385,000.

Bay View Lot in South Gulf County Under Contract November 2014 with List Price of $45,500

Buyers were shopping off the Cape this week, writing up offers on two lots out along the C-30 Corridor, beginning with this half-acre bay view lot in Treasure Bay. This 103′ by 217′ lot is cleared and in a FEMA eligible area.  It has been in the family of the seller since 1993, when they bought it for $8,400.

Gulf Front Lot Near Cape San Blas Under Contract November 2014 with List Price of $217,500

For our second contract, we’ll travel east along C-30 towards Indian Pass Raw Bar where about half a mile  past Cape San Blas Road on the right side of the road is a little subdivision called Indian Palms.  Buyers stroked a deal on a50′ wide, half-acre gulf front lot listed for $217,500. The MLS notes don’t indicate it as being a short sale even though according to county records the sellers paid $680,000 for it in the summer of 2004. This property is also in a FEMA-eligible area, and there should be ample room for the new owners to build their home entirely within an X-zone.

Our forecast for Thanksgiving weekend is for clear skies and plenty of sunshine with daytime temps in the 60’s, so it looks like after some rain this weekend, we have a gorgeous week shaping up. I hope you have a warm and wonderful holiday with family and friends. If you’ve been thinking of gobbling up some great real estate opportunities along the Forgotten Coast, I can dish them up. Call or text me at 850-227-5197, or email to sherri@sherridodsworth.com. Thanks so much for taking time out to stop by today.

 

 

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Nov 15 2014

Cape San Blas Real Estate Week in Review – Nov. 8-14, 2014

Published by under Cape San Blas

For Sale and SoldThe days are growing noticeably shorter with the recent time change, and it seems to have curtailed bargain hunting, too, as we managed to squeak out only one sale this week and three new contracts; sellers added  three new listings and changed prices on seven others. Not surprisingly, very little change in our inventory, closing down by two at 262, with 83 homes and 179 lots listed in the MLS in the Cape San Blas, Indian Pass and C-30 Corridor markets.

Our solo sale is a gulf front 4,401 square foot behemoth on Haven Road 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 put it under contract three weeks ago as a short sale with a list price of $1,346,500.  Their buyer was doing a 1031 exchange and paid $1,250,000 cash at closing.

Cape San Blas Gulf Front Pre Construction Under Contract November 2014 with List Price of $869,000

The first of our three new contracts is a pre-construction package on a gulf front 5-bedroom, 4 1/2-bath, 2,800 square foot home being built in Rosemary Dunes.  The builder is offering the 51′ lot and home for $869,000.  Rosemary Dunes is a relatively new micro-subdivision just a bit south of Rish Park.

Cape San Blas Gulf View Cottage Under Contract Nov. 2014 with List Price of $279,000

About two miles further south on Cape San Blas Road, our second contract is on a 2-bedroom, 2-bath, 780 square foot gulf view beach cottage listed for $279,000. It’s located in Turtle Dunes which features deeded gulf access for owners and a community pool.  The cottage was built back in 1991 and the sellers picked it up in late 2003 for $275,000.

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

The last of our new contracts takes us down on the south side of the Cape to McCosh Mill Road in Piney Woods, where we have a gulf front lot that went under contract Saturday 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.  The adjacent gulf front lot sold just two weeks ago for $220,000 cash.

It’s been a chilly week for sales, but hopefully things will warm back up by next Saturday; if you’re interested in stoking the fire by either buying or selling, by all means let me know. Call me or text 850-227-5197 or email sherri@sherridodsworth.com. Have a terrific week, stay warm, and thanks so much for taking a few minutes to stop by today.

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Nov 07 2014

Cape San Blas Real Estate Week in Review – Nov. 1-7, 2014

Published by under Cape San Blas

For Sale and SoldBoth the weather and our market cooled off a bit this week as we closed just two sales and added only two new contracts.  Sellers added five new listings, and changed prices on six others. Our inventory swelled by seven, closing at 264, with 84 houses and 180 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.  Let’s see which properties moved.

Cape San Blas Gulf Front Duplex Under Contract August 2014 with List Price of $299,900

The first of our two sales is a classic little beach cottage under contract since early August with a list price of $299,900. This 1,300 square-foot, 2-bedroom, 2-bath, attached home was built in 1992, and shares a stairway entrance with its sister unit next door. The sellers bought it in January 2004 for $320,000, and sold it on Monday for $299,000.

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

Our other sale was in Turtle Dunes, a little beach front community just north of Scallop Cove.  This is a 60′ wide gulf front lot under contract since the first week of October with a list price of $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.  On Monday it went for $299,000.

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

Just two new contracts to look at, the first of which we saw here previously in early September when it had a contract that subsequently failed.  It’s 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 fixer-upper of a home.   This bank-owned stunner is under contract once again with a list price of $998,000.

Bank-Owned Cape San Blas Interior Lot Under Contract November 2014 with LIst Price of $49,900

We’ll head down to the south side of the Cape for our second sale, an interior lot on Mercury Lane in Surfside Estates near The Sand Box BBQ & Grill. This 124′ by 110′, third of an acre bank-owned lot is listed for $49,900.

That sure didn’t take long.  Looks as if things are quieting down early for the start of the holiday season.  If you’re interested in finding out more on either buying or selling, I’d love to hear from you. Call or text me at 850-227-5197 or write me at sherri@sherridodsworth.com .  Have a great week and thanks so much for taking time to stop by today.

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Nov 01 2014

Cape San Blas Real Estate Week in Review – Oct. 25-31, 2014

Published by under Cape San Blas

For Sale and SoldHalloween goblins didn’t scare off our buyers this week as we closed six sales, and wrote up two new contracts. Sellers listed four properties and changed the prices on five others, two of which are price increase. We shaved five off of our inventory, closing the week at 257,  with 80 houses and 177 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor markets. Let’s see what kinds of treats our buyers and sellers found.

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

We’ll begin our review of this week’s six sales 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! The parties went to the closing table and closed for $395,000. It never hurts to ask.

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 our next two sales. First up is this attractive 4-bedroom, 4-bath, 2,162 square foot home under contract since the first week of September with a list price of $449,000.  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.   On Friday it closed for $425,000; the lot alone sold in early 2005 for $432,000.

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

Our second Seagrass closing is a bank-owned first tier lot under contract since mid-September 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. This time around it went for $140,000.

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

Our next two sales are both down on the south side of the Cape, on McCosh Mill Road in Piney Woods, beginning with 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. As far as short sales go, it closed pretty quickly, the opening offer having been submitted at the end of July; this week the bank finally gave its stamp of approval and the new owners took title to their beach dream on Friday for $220,000 cash.  This lot is going to make an absolutely lovely beach front home site for them.

Piney Woods Interior Lot Sold October 2014 for $35,500

The other PIney Woods sale is an interior lot near the beginning of McCosh Mill Road. Back in February, this seller bought this and the adjacent lot for $35,000 from a bank.  He listed this one two months later for $35,000, then raised the price shortly thereafter to $39,000, and had it under the first week of October. He realized a nice return on investment closing this week for $35,500.

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

Our fifth and final sale takes us out onto C-30,  heading north along the Scenic Corridor through Treasure Bay to this 103′ by 220′ lot that went under contract in early September 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.On Thursday it sold for $27,500 cash.

Cape San Blas Gulf Front Home Under Contract October 2014 with List Price of $699,000

The first of our two new contracts is a 3,666 square foot, 5-bedroom, 4 1/2-bath gulf front home in Cape Isle Preserve down near the rocks at Stumphole.  It’s listed for $699,000; in 2004 the lot alone sold for $650,000.

Indian Summer First Tier Lot Under Contract October 2014 as Short Sale with List Price of $69,000

Our other contract is in idyllic Indian Summer at Indian Pass. It’s a short sale first tier lot measuring 68′ by 170′ listed for $69,000. The sellers bought it in late 2004 for $415,000.   This is such a pretty and peaceful little subdivision tucked away off the curve at Indian Pass Road.

So that means we’re officially wrapped up for the week then. I’m heading over to Apalachicola for the afternoon to enjoy the Florida Seafood Festival which as always should be a lot of fun, especially as nice as the weather is today; cool, clear and breezy, with an afternoon forecast high of about 60. Planning on enjoying some great seafood and good times with old friends. If you’re in the area, hope to see you there. If you’re interested in info on joining us here on the coast as either a full-time or part-time “Caper”, give me a call or text me at 850-227-5197 or shoot an email to sherri@sherridodsworth.com . Looking forward to hearing from you. Have a great week and thanks so much for taking time to stop by this afternoon.

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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.

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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.

 

 

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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.

 

 

 

 

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Oct 04 2014

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

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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.

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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.

 

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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.

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