Archive for the 'Cape San Blas' Category

Feb 28 2015

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

Published by under Cape San Blas

For Sale Sold SignI saw in the morning news an article saying many areas of the country have recorded their coldest month of February ever – not here!  We wrap up the month with a roaring market smokin’ hot.  We closed nine sales and wrote up six more contracts. Sellers added three new listings and changed prices on     three others.  Our inventory shed two, closing the week at 237, with 80 homes and 157 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.  We have a lot of territory to cover today, so let’s get right to it.

Cape San Blas First Tier Lot Under contract Feb. 2015 with List Price of $119,900

The first of our crop of nine sales is on Seahorse Lane in Feather Sound; it’s a quarter-acre first tier lot under contract with a list price of $119,900. In 2001 the sellers paid $103,500 for it, which, in inflation-adjusted dollars, is the equivalent of $138,430. On Friday they sold it for $112,500.

Cape San Blas Gulf View Home Under Contract January 2015 with List Price of $399,900

Our second sale is about a half mile further south where we find this 3-bedroom, 3-bath, 1,958 square foot gulf view home “X” flood zone home on Cape San Blas Road under contract since mid-January with a list price of $399,900. The Sellers bought it in late 2009 for $410,000, and turned over the keys at closing on Monday for $365,000.

Two Bank-Owned Interior Lots at South Beach Under Contract Feb. 2015

We’ll travel down to the south side of the Cape to Southbeach, where our next two sales are contiguous bank-owned lots on Mariner Lane. One was listed for $76,900 and the other for $74,000. In 2002 and 2004 respectively, they sold for $103,000 and $189,000, and on Friday they went for $50,000 each.

Cape San Blas Gulf Front Condo Under Contract Jan. 2015 with List Price of $274,000

There are only a few actual condos on the Cape and one of them is The Dunes Club, where we have this 3-bedroom, 2-bath, 1,176 square foot unit that went under contract the first week of January with a list price of $274,000.  The sellers bought it for $551,700 in mid-2005, and sold it on Wednesday for $255,000.

Cape San Blas Bay View Lot Under Contract February 2015 with Lost Price of $89,000

We’re leaving the Cape heading east along C-30 to Gulf Pines to this 76′-wide gulf front lot that went under contract just last week with a list price of $395,000.  The sellers have owned it since 1984 when they picked it up for a mere $35,000.  On Thursday they shifted that decimal, selling it for $350,000.

Lagoon Front Lot Overlooking Indian Pass Sold Feb. 2015 for $39,000

Continuing east along C-30 a couple of miles we have an 80′ by 421′, three-quarters of an acre lagoon front lot listed for $39,900 and sold for $39,000 with seller financing.

Two-Acre Lot on C-30 Corridor Under Contract January 2015 with List Price of $80,000

Not far away on the other side of C-30, buyers penned a contract last month on this 2.32-acre parcel on the north side of the road with 200′ of road frontage. The seller has owned it for a very long time, and had it listed for $80,000.  A lucky young buyer was able to buy it on Friday for $45,000.

Our ninth and final sale finds us out along the quiet stretch of beach at Indian Pass in a little community called The Reservation. Here we have a 50′ wide by 320-foot deep, one-third acre gulf front lot under contract since early January with a list price of $169,900. It wasn’t listed as a short sale even though county  records indicate it last sold in mid-2005 for $825,000. On Friday it closed for $169,000.

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

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 2-bedroom, 2-bath, 1,377-square foot interior townhouse on Parkview Court listed for $199,000. The sellers bought it from the developer shortly after it was built in 2004 for $199,500.

Cape San Blas Gulf View HOme Under Contract Feb. 2015 with List Price of $699,000

About a mile down the road in on White Sands Drive in San Blas Shores our second contract is on a 4-bedroom, 4-bath, 2,176-square foot first tier home listed for $699,000. The sellers bought it in late 2009 for $515,000.  This handsome home has great gulf views and an in-ground pool, both of which are apparently very popular with vacation guests, as last year it grossed $96,125 in rental income.

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

Cape Breezes is just on the other side of Ovation from San Blas Shores and it’s here we have a bay front fixer-upper under contract with a list price of $249,000. This 3-bedroom, 2-bath, 989-square foot cottage was built in 1984 and is being sold As Is.  She has great bay views, but needs a good deal of TLC at this point.

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

Our fourth new contract is down near the rocks at Stumphole. Buyers negotiated a deal on this 3-bedroom, 2 1/2-bath, 1,360-square foot gulf front townhouse also listed “As Is”.  The sellers paid $280,000 for it in mid-2007, did what was described as a “down to the studs renovation”, yet have it under contract with a list price of $279,900.

Cape San Blas Interior Lot Under Contract Feb. 2015 with List Price of $59,900

Back down on the south side of the Cape this time on Sandpiper Drive in San Blas Plantation we have a contract on a 132′ by 100′ foot interior lot under contract with a list price of $59,900.  The sellers bought it in early 2004 for $190,000.

Lot Fronting St. Joe Bay Under Contract Feb. 2015 with List Price of $129,900

Our sixth and final contract is on a bay front lot on Sandbar Drive in Treasure Bay. The sellers bought it way back in 1994 for $30,000 and put it under contract on Friday sporting a $129,900 price tag.

That does it for today. Can you believe how much property is moving even in the dead of winter? Pretty amazing. As I said last week, our inventory is low and demand is high, so if you’re considering selling, call me.  I’ll do a Comparative Market Analysis for you, no charge, no obligation, so you can have a good idea of what your property is likely to bring in today’s market. You can always reach me at 850-227-5197 or sherri@sherridodsworth.com.  Whether you’re buying or selling, I hope to hear from you soon, and thank you so much for taking time out of your schedule to stop by today.

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Feb 21 2015

Cape San Blas Real Estate Week in Review – Feb. 14-20, 2015

Published by under Cape San Blas

For Sale Sold SignWhile most of the eastern half of the country was buried under drifting snow and record cold temps, our brief little nip of winter bottomed out around 30 for a few hours, and good old Florida sunshine had us back up around 60 in no time.  A lot of people wanted to stake their claim on a warm retreat with buyers closing on four properties and securing contracts on seven others. Sellers added twelve new listings and changed prices on seven others, five of which were price increases!  Our inventory inched back up by three, closing out the week at 239, with 83 homes and 156 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.

Cape San Blas Interior Lot at Park Point Under Contract January 2015 with List Price of $39,000

To begin our review of this week’s four sales, we’ll start off up on the north end of the Cape in Park Point, a roughly 12-year old  subdivision adjacent to the state park. The owners of this 69′ by 120′, quarter-acre corner lot listed it for $39,000 on Sunday, January 24th, and had it under contract by the following Friday.  They bought it in mid-2013 for $25,000, and sold it on Wednesday for $28,000 cash.  Back in 2003 the developer got $280,000 for it.

Cape San Blas Road Front Lot Sold February 2015 for $60,000

About two miles down the road in Hibiscus Bay our third sale is a roughly half-acre lot fronting both Cape San Blas Road to the front and a fish-stocked pond to the back. The parties went under contract at the end of January with a list price of $60,000 and closed on Wednesday at full price.

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

In nearby Paradise Bay, the parties negotiated a contract two weeks ago on a roughly one-third acre interior lot measuring 83′ by 190′ and listed for $45,000. The lots in this community share deeded gulf and bay access with the owners of Paradise Gulf across the street.The sellers bought it in 2001 for $39,900, the inflation-adjusted value of which would be $52,730 in today’s dollars. On Monday they signed over title to the new owners for $35,000 cash.

Cape San Blas Gulf Front Condo Under Contract Janauary 2015 With List Price of $379,000

Our fourth and final sale takes us to the south side of the Cape to one of the few condominiums in our area, The Club at Cape San Blas. Buyers were sold on this 3-bedroom, 2-bath, 1,415 square foot unit listed for $379,000.  This top floor home last sold in late 2008 for $450,000, and closed on Friday for $365,500.

Cape San Blas Gulf View Duplex Under Contract February 2015 with List Price of $215,000

Now on to our seven new contracts, beginning mid-way down the Cape peninsula on Aruba Lane in Cape Sands Landing where this 1,600 square foot, 2-bedroom, 2-bath, duplex half went under contract on Thursday with a list price of $215,000.  This circa-1985 “X” zone gulf view home last sold in early 2004 for $275,000.

A short stroll down the beach takes us to this lovely 4-bedroom, 4 1/2-bath, 2,657 square foot gulf front home in Turtle Dunes went under contract on Friday with a list price of $789,900. The sellers paid $790,000 for it in late 2009.

Cape San Blas Bay View Lot Under Contract February 2015 with Lost Price of $89,000

Not far from Scallop Cove we have a bay view lot on Cape San Blas Road under contract with a list price of $89,000. This half-acre “X” zone lot shares a very nicely built community dock with several surrounding properties.  The sellers bought the lot in the summer of 2010 for $72,000.

Cape San Blas First Tier Lot Under Contract February 2015 with List Price of $170,000

Down on the south side of the Cape in Two Palms subdivision we have a first tier one-third acre lot listed for $115,000, a far cry from the $170,000 it went for in mid-2000.

Cape San Blas Bay View Lot Under Contract February 2015 with Lost Price of $89,000

We’re leaving the Cape for the first time today heading east along C-30 to Gulf Pines where we have a 76′-wide gulf front lot under contract with a list price of $395,000.  The sellers have owned this one since 1984 when they picked it up for a mere $35,000.

Lagoon Front Home at Indian Pass Under Contract February 2015 with List Price of $599,900

Our last two contracts are on Indian Pass beginning with this lagoon-front home overlooking the Gulf of Mexico from high atop a lovely bluff.  This 3-bedroom, 3 1/2-bath, 2,076 square foot home was built in 2009. On Thursday, it went under contract with a list price of $599,900.

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

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

That’s a wrap for today. Hard to believe all this activity in late February. I guess no one got the memo this is supposed to be a slow time of year!  We need inventory. If you’re toying with the idea of selling, CALL ME! 850-227-5197 puts you through to my cell.  Properties are definitely moving and prices are rising. Hope to hear from you soon. I really appreciate your taking time to stop by today. Have a great week, and look forward to seeing you back next week.

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Feb 21 2015

Another Awesome Week!

Published by under Cape San Blas

Old Man Winter couldn’t scare buyers away this week as we turned in another strong showing. Lots going on so I will be posting Sunday morning. Please be sure to check back for the full scoop.

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Feb 13 2015

Cape San Blas Real Estate Week in Review – Feb. 7-13, 2015

Published by under Cape San Blas

For Sale and SoldWhen I first moved here in 1994, January and February used to be such quiet months around the Cape that the two stores would take turns closing for a couple of weeks each year.  How times change. Maybe it’s because so much of the northeast is experiencing uber-winter weather this winter that they’re fleeing to our warm, sunny coastlines, because we are as busy this month as we typically are in the height of the summer season.  The weather may be cool, but our real estate market is sizzling hot.  This week we closed two sales, and wrote up a whopping eleven new contracts. Sellers added eight new listings and changed prices on nine others. Our inventory took a nice little dip, shedding 13 to end the week at 236, with 79 homes and 157 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor market MLS.  Lots to see today so let’s get right to it.

Cape San Blas Gulf Front Lot in Jubilation Under Contract January 2015 with Asking Price of $450,000

We’re travelling down to the south side of the Cape to Jubilation for the first of our two sales which is on a 52′ wide, 1.14-acre gulf front lot that wasn’t listed in the MLS but the owners and a Realtor with buyers have been working for the past year trying to work out a deal. They finally reached an  agreement with the seller asking for and the buyer agreeing to $450,000, and on Monday they went to closing.

Gulf Pines Gulf Front Home Under Contract January 2015 with List Price of $599,000

Our second sale is a circa-1982 3-bedroom, 3-bath, 1,222 square foot beach cottage nestled on a 100′ wide gulf front lot in Gulf Pines listed for $599,000. The sellers bought the home in early 2008 for $580,000, and sold it on Tuesday for $560,000.  Gulf Pines is a FEMA flood insurance eligible area.

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

Now on to our eleven new contracts starting with two written on Ovation properties, beginning with this newly built 5-bedroom, 3 1/2-bath, 2,278 square foot bay view home listed for $625,000. Construction finished up in May 2014 and it has been on a rental program since then.

First Tier Lot at Ovation at Cape San Blas Under Contract Feb. 2015 with List Price of $155,000

Over on the gulf side of Ovation buyers jumped on this first tier 0.11 acre lot measuring 66′ by 82′ listed for $155,000. Interesting note here is that the lot was listed for $149,900 but increased to $155,000 on Wednesday, and within two days after that it went under contract.  Hard to believe, but back in September of 2005 it went for $775,000.

Cape San Blas First Tier Lot Under Contract Feb. 2015 with List Price of $169,000

Contract number three is in Paradise Gulf on Westwind Drive where this 83′ by 190′, one-third acre, X-zone lot went under contract on Friday with a list price of $169,000. The sellers bought it in December 2011 for $85,000.

Cape San Blas First Tier Lot Under contract Feb. 2015 with List Price of $119,900

A few blocks further south on Seahorse Lane in Feather Sound our next contract is on a quarter-acre first tier lot listed for $119,900. In 2001 the sellers paid $103,500 for it, which, in inflation-adjusted dollars, is the equivalent of $138,430.

Cape Can Blas Cottage Under Contract with List Price of $179,000 Feb. 2015

On Jamaica Drive next to The Tradin’ Post, we have a contract on a small parcel with two 1-bedroom, 1-bath circa-1992 mobile homes listed with an aggregate price of $179,000. Two years ago they sold for $109,000.

Two Bank-Owned Interior Lots at South Beach Under Contract Feb. 2015

We’ll travel down to the south side of the Cape to Southbeach, where our next two contracts are on two contiguous bank-owned lots on Mariner Lane. One is listed for $76,900 and the other for $74,000. In 2002 and 2004 respectively, they sold for $103,000 and $189,000.

Bank-Owned Gulf Front Lot at Indian Pass Under Contract Feb. 2015 with List Price of $215,900

Lots of action over on Indian Pass this week, with our final four contracts all being relatively close together over there. First up is this bank-owned 75′ wide gulf front lot on Canoe Lane listed for $215,900. For some reason the property appraiser’s website lists no sales history on this parcel.

Bank-Owned Indian Pass First Tier Lot Under Contract Feb. 2015 with List Price of $79,900

Also on Canoe Lane we have another Bank-owned lot under contract, this one a quarter-acre lot listed for $79,900. It last sold in January 2006 for $400,000.

Indian Pass First Tier Lot Under Contract FEb. 2015 with List Price of $85,000

Just several hundred feet east on Indian Pass Road our tenth contract is on a quarter-acre first tier lot listed for $85,000. The owner cleared it and installed a septic system in 2010 when he bought the property for $50,000.

Indian Pass Gulf Front Lot Under Contract FEb. 2015 with List Price of $230,000

We’ve made it to our eleventh and final new contract which is on a lovely 50′-wide, 1-acre lot on Indian Pass Road spanning all the way from the gulf to the lagoon listed for $230,000.

And that’s a wrap for this week. Can you believe all this activity in February? If you’ve been to the Cape recently you’ve no doubt also noted all the new homes under construction. Pretty impressive. Our sales inventory has come way down, and with demand being what it is, if you’ve been toying with the idea of selling, now is a good time, so call or text me at 850-227-5197 or get in touch at sherri@sherridodsworth.com and let’s talk.  Have a great week, stay warm, and I hope to see you back here again real soon.  Thanks so much for stopping by.

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Feb 06 2015

Cape San Blas Real Estate Week in Review – Jan. 24-Feb. 6, 2015

Published by under Cape San Blas

For Sale and SoldIt has been a rare week that I’ve missed posting my updates since I started doing these reviews back in 2007, but every now and then the “To Do” list is longer than the hours in the day and something’s gotta give.  I apologize for not getting it updated last weekend as promised, but offer this olive branch by submitting a two-week review to bring you completely up-to-date. Since last we met, we Realtors have been busy, closing four sales and writing up an impressive eighteen new contracts Sellers added twelve new listings, and changed prices on two others. With all that activity, our inventory took a 3% dip, shedding eight, closing the week at 249, with 80 homes and 169 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.  We have a lot of territory to cover today, so sit back and get comfortable, and let’s get rolling.

Bank-Owned Barrier Dunes Gulf Front Unit Under Contract Dec. 2014 with Auction Offering Price of $219,000

Our review of the four sales in the past two weeks begins with a bank-owned gulf front Barrier Dunes townhouse that went up for auction bidding between November 29 and December 3.   This 2-bedroom, 2 1/2 bath townhouse appears to be in good repair on the inside but the spacious decks overlooking the gulf are in serious need of repair and/or replacement according to an inspection report. The list price was $219,600, and the winning bid went to $378,500.   After the buyer paid all of his auction-related expenses, the total price came in at $397,425.  The last time it sold in early 2006 it went for $580,000.

For Sale and SoldThe buyers were back in force this week and we had banner activity!  My schedule has been full so I will be posting on Sunday. Lots going on - please be sure to check back.

Less than a mile south of Barrier Dunes in San Blas Shores, buyers submitted an offer on this 4-bedroom, 3 1/2-bath, 1,909-square foot interior home marketed as For Sale By Owner. The seller  paid $29,5000 for the vacant lot in $98,000, and was asking $398,000 for the home.  A Realtor brought buyers who offered $360,000, the seller agreed, and off they went to closing.

Cape San Blas Gulf Front Lot Under Contract December 2014 with LIst Price of $285,000

Our third sale is down on the south side of the Cape just past Villa del Sol.  It’s  a 50′ wide by 1,138′, 1.3-acre gulf front lot under contract since around Christmas with a list price of $285,000.  The sellers bought it in October 2012 for $215,000, and sold it this week for $245,000.

Indian Pass Gulf Front Lot Under Contract Jan. 2015 with List Price of $425,000

We’ll leave the Cape to visit our fourth sale, this 101′ wide gulf front lot over on Indian Pass. This 1.55 acre beauty was listed for $425,000 which includes a vintage 3-bedroom mobile home circa 1990.  On Tuesday it all sold for $400,000.

Cape San Blas Interior Lot at Park Point Under Contract January 2015 with List Price of $39,000

To begin our marathon review of eighteen new contracts we’ll start way up on the north end of the Cape in Park Point, a subdivision adjacent to the state park that is about 12 years old. The owners of this 69′ by 120′, quarter-acre corner lot listed it for $39,000 on Sunday, the 24th, and had it under contract by the following Friday.  They bought it in mid-2013 for $25,000, a pretty good deal considering back in 2003 the developer originally sold it for $280,000.

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

Just around the corner from Park Point is Seacliffs, a townhome and condo community on the gulf and home to our next contract which is on a 4-bedroom, 4 1/2-bath, 1,974 square foot gulf view townhouse. The sellers bought it in July 2007 for $529,000, and put it under contract on Friday with a list price of $269,900.

Cape San Blas Bay View Lot Under Contract January 2015 with List Price of $59,900

Next up is an irregularly shaped 0.59-acre interior lot on Spinnaker Way just one block south of Coneheads Restaurant.  The sellers purchased the larger parent tract in August 2012 for $115,000, did a minor replat to subdivide it, and then put this one on the market for $59,900.

Cape San Blas Gulf View Lot Under Contract February 2015 with List Price of $195,000

In Hibiscus Gulf, buyers penned a contract on one of the developer’s remaining lots on the gulf side of the road, an irregularly shaped quarter-acre gulf view lot listed for $195,000.

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

In nearby Paradise Bay, the parties negotiated a contract on a roughly one-third acre interior lot measuring 83′ by 190′ and listed for $45,000. The sellers bought it in 2001 for $39,900, the inflation-adjusted value of which would be $52,730 in today’s dollars. The lots in this community share deeded gulf and bay access with the owners of Paradise Gulf across the street.

Cape San Blas First Tier Lot Under Contract February 2015 with List Price of $350,000

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

Cape San Blas Gulf View Quadplex Home Under Contract January 2015 with List Price of $269,900

On down the road to Antiqua to this 3-bedroom, 2-bath circa-1985 1290 square foot gulf view “condo” (in name only) which caught a couple’s attention with its $269,900 price tag. The sellers purchased one of the two top floor units of this quad-plex in late 2013 for $219,000 and have renovated and decorated it very nicely.

Cape San Blas Gulf Front Lot in Jubilation Under Contract January 2015 with Asking Price of $450,000

We’re travelling down to the south side of the Cape to Jubilation for our next contract which is on a 52′ wide, 1.14-acre gulf front lot that wasn’t listed in the MLS but the owners and a Realtor with buyers have been working for the past year trying to work out a deal. They finally reached an  agreement with the seller asking for $450,000.

Cape San Blas Interior Home Under Contract February 2015 with List Price of $349,900

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

Cape San Blas Gulf Front Condo Under Contract February 2015 with LIst Price of $379,000

We have another condo under contract, this one on the south side of the Cape in the Club at Cape an Blas where this 3-bedroom, 2-bath, 1,415 square foot top floor gulf front unit built in 2006 went under contract on Monday with a list price of $379,000. The sellers bought it back in the summer of 2008 for $450,000.

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

Not far away is Cape Dunes, one of the original communities on the Cape platted in the early ’80’s.  A family looking for a private beach retreat thought this extremely well-maintained private second home was a perfect fit for them. This 2-bedroom, 2 1/2-bath, 1,740 square foot home was built in 1984 and is listed for $268,000.

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

On Cape San Blas Road in nearby beautiful Two Palms this next contract is on a lovely 7-bedroom, 4-bath, 3,400-square foot gulf view home built in 2000 under contract with a list price of $529,000.

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

Heading east again along C-30 stopping first into Gulf Pines where this spacious 4-bedroom, 3-bath, 3,576-square foot gulf front home went under contract on Friday with a list price of $999,000. This 1986 home, situated on 100′ of beautiful gulf waterfront, was purchased by the seller’s family in late 1995 for $319,000.

Home on C-30 Under Contract February 2015 with List Price of $379,000

Yellow houses seem to have been popular this week we had two attract buyers, this one located out on C-30, in Treasure Shores subdivision, about two miles east of the turn off from Cape San Blas Road. The sellers bought the lot for $280,000 in late 2004 and built the 3-bedroom, 2-bath, 2,057-square foot home the following year.   They went under contract on Wednesday with a list price $379,000.Two-Acre Lot on C-30 Corridor Under Contract January 2015 with List Price of $80,000

We’ll continue traveling east on C-30 about two miles past the Indian Pass Raw Bar. Buyers penned a contract on this 2.32-acre parcel on the north side of the road with 200′ of road frontage. The seller has owned it for a very long time, and has it listed for $80,000.

Indian Pass Gulf Front Home Under Contract January 2015 with List Price of $549,000

Our last two contracts are both out on the Indian Pass peninsula, the first of which is this 3-bedroom, 2-bath, 1,670 square foot home built in 1992 situated on a 100′ wide, 1+ acre lot, listed with an asking price of $549,000. The sellers bought the home in August 2011 for $510,000.

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

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

What a marathon!  There were some great deals snapped up these past two weeks so if you’ve been toying with the idea of buying it’s time to get in the game. I’ll be glad to help you find property that’s just right for you. Call me or text me at 850-227-5197, or shoot me an email to sherri@sherridodsworth.com.  Either way, I look forward to hearing from you. Have a terrific week, and I thank you so much for stopping by today.

 

 

 

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Jan 24 2015

Cape San Blas Real Estate Week in Review – Jan. 17-23, 2015

Published by under Cape San Blas

For Sale and SoldYour are now entering a Deflate-Gate-Free-Zone where for the time it takes you to peruse this post you will not be subjected once to the apparently critical pressing issue of deflated footballs. NO such deflation here, just a rallying real estate market, in which we had two closings and four new contracts. Sellers added eight new listings, and changed prices on five others.  With all that, our inventory rose just a little, closing the week at 257, with 88 homes and 169 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor market.

Cape San Blas Gulf Front Townhouse Under Contract December 2014 with List Price of $259,900

The first of this week’s two sales is a circa 1986 2-bedroom, 2 1/2-bath, 1,120 square-foot unit  in Cape Shoals, a complex adjacent to the north side of Cape Palms Park.   The sellers have owned it since mid-2001 when they purchased it for $190,000 and put it under contract late last month with a list price of $259,900, and sold it on Friday for $205,000, with the buyer paying for the title insurance and $1,000 of the Seller’s closing costs.

Cape San Blas Bank-Owned Lotin Jubilation Under Contract Jan. 2015 with List Price of $60,000

We’ll travel down to the south side of the Cape to Jubilation where our second sale is this bank-owned gulf view lot that went under contract two weeks ago with a list price of $60,000. The previous owners bought the diminutive 50′ by 80′ lot in December 2004 for $435,000, and the bank closed it on Tuesday for $54,000.

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

There was a lot of interest in the first of this week’s four new contracts.  This bank-owned 3-b3edroom, 3-bath, circa 1997 gulf view home on Cape San Blas Road near Cape Palms Park went up for auction last Saturday with a list price of $232,500.  The auction ended on Wednesday with the final bid coming in at $381,000, with bids having been allowed in $3,000 increments. Homesearch.com has been doing a number of these auctions around here recently, all of which have been subject to the following terms:

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

Cape San Blas Gulf View Lot Under Contract with List Price of $79,900

Our second contract is on Cozumel Drive just a little south of the The Tradin’ Post. On Monday buyers submitted an accepted contract on this 115′ by 120′ one-third acre “X” zone gulf view lot listed for $79,900. The sellers have owned it since 1998 when they bought it for $25,000,

Cape San Blas Gulf View Home Under Contract January 2015 with List Price of $399,900

Our third contract is about a half mile further south where we find this 3-bedroom, 3-bath, 1,958 square foot gulf view home “X” flood zone home on Cape San Blas Road under contract on Thursday with a list price of $399,900. The Sellers bought it in late 2009 for $410,000.

Cape San Blas Gulf Front Condo Under Contract Janauary 2015 With List Price of $379,000

Our fourth and final contract takes us to the south side of the Cape to one of the few Condominiums in our area, The Club at Cape San Blas. Buyers were sold on this 3-bedroom, 2-bath, 1,415 square foot unit listed for $379,000.  This top floor home last sold in late 2008 for $450,000.

Well, that’s a wrap for this week. I’m starting to list properties in gearing up for spring visitors, so if you’re considering selling by all means, give me a call or text me at 850-227-5197 or email at sherri@sherridodsworth.com. If you’re interested in learning more about properties here along the coast, let me know. I hope wherever you are you have a pleasant, warm and dry weekend. Thanks so much for stopping by today.

 

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Jan 17 2015

Cape San Blas Real Estate Week in Review – Jan. 10-16, 2015

Published by under Cape San Blas

For Sale and SoldNo need to look at the calendar this week to know it is winter. Luckily, after a string of cold, cloudy days, Florida sunshine has finally retaken the reins and is steering us towards warmer, sunnier days in the coming week.   The clouds couldn’t dim our market, as we still managed to close one sale and write up three new contracts, enter twelve new listings, and pen one price change.  Our inventory swelled by seven, closing at 255, with 87 houses and 168 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 View Lot Under Contract ecember 2014 with List Price of $88,500

Our solo sale is this 107′ by 102′, quarter-acre, gulf view “X” zone lot that went under contract in mid-December with a list price of $88,500.  It’s located on Seahorse Lane in Feather Sound, one of the early subdivisions on the Cape. There are no HOA fees, and all of the properties include deeded gulf access. The sellers bought it back in 1997 for $19,000, and sold it on Tuesday for $75,000, a price which included a new sewer tap.

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

The first of our three new contracts is down by the rocks at stumphole; it’s a 3-bedroom, 3-bath, 1,876 square foot gulf front home built in 2012. The sellers bought it the following year in August 2013 for $400,000, and have it under contract with a list price of $489,000.

Bank-Owned Lagoon Front Lot Under Contract January 2015 with List Price of $30,000

Our next two contracts are both off the Cape, the first being a bank-owned lagoon front lot out on C-30 about a mile or so east of the Indian Pass Raw Bar. The previous owners bought it in 2000 for $49,000, or $67,363 today in inflation-adjusted dollars. Today the bank has it under contract with a list price of just $30,000.

Our third and final new contract finds us out along the quiet stretch of beach at Indian Pass in a little community called The Reservation. Here we have a 50′ wide by 320-foot deep, one-third acre gulf front lot under contract with a list price of $169,900. It’s not listed as a short sale even though county  records indicate it last sold in mid-2005 for $825,000.

That does it for this week. The forecast is for warmer weather in the coming week so hopefully our buyers will thaw out and our real estate activity will heat up again as well. I hope its sunny and warm where you are and if you’d like to join us here on the Cape where no matter how cool it gets the only white drifting stuff we ever have to worry about is the sugar white sand on our beaches, call or text me at 850-227-5197 or email to sherri@sherridodsworth.com . Let’s put some SOLD signs on some of these great deals! Thanks for stopping by today – I look forward to hearing from you.

 

 

 

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Jan 10 2015

Cape San Blas Real Estate Week in Review – Jan. 3-9, 2015

Published by under Cape San Blas

For Sale and SoldThe frigid air mass that blanketed most of the nation this week didn’t spare our little sliver of paradise here along the coast, but cold as we were, at least our skies were clear and bright and the only drifting white stuff was of the warm and sandy type along our beaches, and the only salting that of the rims of our glasses here in Margaritaville. Our inventory remained relatively unchanged, shedding just one, closing the week at 248, with 81 homes and 167 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor market. Rather than combing the windswept beaches for shells, visitors sifted through listings looking for bargains and came up with quite a nice bucketful of deals with one going to closing and six others signing new contractsSellers added two new listings to the mix and changed prices on nine others.

Cape San Blas Interior Lot Sold Jan 2015 for $29,000

Our one and only sale is an interior lot on Eastwind Drive in Paradise Bay, a subdivision just north of Cape Palms Park on the Cape. This little community spans from the bay to the gulf, and each property conveys with deeded access to both. The seller purchased this property in 2000 for $17,000, and sold it on Monday for full list price of $29,000 cash.

Cape San Blas Townhouse Under Contract Jan. 2015 with List Price of $249,000

We’ll begin our review of this week’s six new contracts on the north end of the Cape in Sea Cliffs, where this 4-bedroom, 4 1/2-bath, 1,944 square foot townhouse went under contract on Monday as a short sale with a list price of $249,000. The sellers bought it in early 2006 for $570,000, nearly double the $300,000 it sold for just five years prior in 2001.

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

Just next door from Sea Cliffs in Barrier Dunes our second contract is on a 3-bedroom, 3-bath, 1,172 square foot bank-owned unit listed for $193,900 which the bank is selling at auction. The previous owners paid $370,000 for it in August 2004, even though it had sold just two months earlier in June for $207,000. If this one looks familiar it may be because over the past several years it has been under contract six times without ever making it to closing.

Cape San Blas Gulf Front RV Site Under Contract Jan. 2015 with List Price of $149,000

Down near the rocks at Stumphole is where we’ll find our third contract. It’s on a56′ wide gulf front lot outfitted for an RV with power, water and sewer all up and running. The owners bought it just last February for $80,000 and now have it under contract with an asking price of $149,000.

Cape San Blas Bank-Owned Lotin Jubilation Under Contract Jan. 2015 with List Price of $60,000

We’ll travel down to the south side of the Cape for our next two contracts, stopping first at Jubilation where this bank-owned gulf view lot went under contract on Thursday with a list price of $60,000. The previous owners bought the diminutive 50′ by 80′ lot in December 2004 for $435,000.

Cape San Blas Gulf Front Condo Under Contract Jan. 2015 with List Price of $274,000

There are only a few actual condos on the Cape and one of them is The Dunes Club, where we have this 3-bedroom, 2-bath, 1,176 square foot unit under contract with a list price of $274,000.  The sellers bought it for $551,700 in mid-2005.

Indian Pass Gulf Front Lot Under Contract Jan. 2015 with List Price of $425,000

We’ll leave the Cape for the first time today to visit our final new contract which is on this 101′ wide gulf front lot over on Indian Pass. This 1.55 acre beauty is listed for $425,000 which includes a vintage 3-bedroom mobile home circa 1990.

That does it for today. Property’s continuing to move at a brisk clip so if you’re thinking of selling give me a call – I’d love to be your listing agent and put you together with my readers who are calling in search of coastal properties. Call or text me on my cell at 850-227-5197 or shoot an email to Sherri@SherriDodsworth.com.  In most of the country it’s too cold to be outside this weekend anyway, so let’s get together and talk real estate. Bundle up and stay warm – and thanks so much for stopping by.

Salted San Blas Margaritas

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Jan 03 2015

Cape San Blas Real Estate Week in Review – Dec. 27-Jan. 2, 2015

Published by under Cape San Blas

For Sale and SoldHappy New Year!  I hope your holidays were filled with fun and are now the stuff of fond memories.  I had a wonderful time here on the Cape celebrating with friends and neighbors, but am glad to see the new year begin and anxious to get back underway with the normal routine.  Our inventory fell more dramatically than the ball in Times Square, dropping a total of 23 listings or over 8%, to close the year at 249, with 84 homes and 165 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.  The end of the year saw a little flurry of activity, as we closed four sales and wrote up two new contracts, added one new listing, and changed prices on six others.

Cape San Blas Barrier Dunes Townhouse Under Contract November 2014 with List Price of $239,000

The first of our four sales is in Barrier Dunes where new owners closed on this 3-bedroom, 3-bath, 1,377 square foot interior townhouse listed for $239,000. The sellers bought it from the developer in 2002 for $198,200, which in inflation-adjusted dollars is the equivalent to $258,945 today. They turned over the keys on Wednesday to the proud new owners for $225,000.

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

We’ll head south on the Cape about three miles for our second sale, a 4-bedroom, 3 1/2-bath, 1,904 square foot gulf front home on Sugar Loaf Lane, a little bit north of Scallop Cove.  It is situated on a 50′ wide lot and has an in-ground pool overlooking the gulf. The seller listed it a little over a month ago for $699,000, and sold it on Monday for $655,000.

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

Next up is 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 went under contract in late October with a list price of $699,000; in 2004 the lot alone sold for $650,000.  On Monday it closed for $625,000.

Treasure Shores Gulf Front Lot Under Contract December 2014 with List Price of $299,000

Our fourth and final sale takes us out along the C-30 Corridor heading east towards the Indian Pass Raw Bar to Treasure Shores where we have a 75′ wide by 320′ deep gulf front half-acre lot listed for $299,000. It last sold last sold for $580,000 in mid-2009.  The lot has an aeration septic system, power, and community water tap in place, and the covenants allow for an RV to park for 30 calendar days each year.  It went under contract December 1st with a list price of $299,000 and closed on the 30th for $275,000.

Gulf Pines Gulf Front Home Under Contract January 2015 with List Price of $599,000

Neither of our two new contracts are on the Cape. The first is a circa 1982 3-bedroom, 3-bath, 1,222 square foot beach cottage nestled on a 100′ wide gulf front lot in Gulf Pines listed for $599,000. The sellers bought the home in early 2008 for $580,000.  Gulf Pines is a FEMA flood insurance eligible area.

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

Our other sale is out on Palm Avenue in Indian Pass where we have this fun and funky little 2-bedroom, 2-bath, 1,168 square foot beach retreat built in 1987 listed for $299,000. With decks galore, you can keep the party outside at this little cutie, and her upper decks offer great gulf views.

And that does it for our first wrap-up for 2015.  Let’s make it a great year. If one of your resolutions is to either buy or sell property, let me know and I’ll do all I can to help you realize those  goals. Call or text me at 850-227-5197 or email to sherri@sherridodsworth.com and we’ll get the ball rolling.  Thanks so much for taking time to stop by today and I hope to see you back soon.

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Dec 27 2014

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

Published by under Cape San Blas

 

For Sale and SoldSanta visited the Forgotten Coast while making his rounds this week and brought two lucky people a place to call their own at the beach. One bargain hunter wrote up a contractfive owners listed their properties while five others opted for price changes. Our inventory inched up by four, closing the week at 272, with 91 homes and 181 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Cape San Blas Barrier Dunes Townhouse Under Contract July 2014 with List Price of $199,000

The first of our two sales has us 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 back in July 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. The lender finally approved the sale and closed this week for $190,000 cash.

Gulf Front Lot Near Cape San Blas Sold Dec. 2014 for $217,500

For our second sale, 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.  Last month 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. On Monday it closed for full list price.

Cape San Blas Gulf Front Lot Under Contract December 2014 with LIst Price of $285,000

We’ll head down to the south side of the Cape for our one new contract which is on  a 50′ wide by 1,138′, 1.3-acre gulf front lot with an asking price of $285,000 .  The sellers bought it in October 2012 for $215,000.

With that, we’ll bring the year to a close. I wish you and your loved ones good health and happiness in the New Year, and I want to thank all of you I’ve worked with, met with and talked with this past year who have helped to make 2014 such a memorable one for me. Have a safe holiday and thanks so much for taking time during this busy season to stop by. See ya next year!

 

 

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