Comments for Cape San Blas Real Estate Blog http://capesanblasblog.com Sherri Dodsworth's Real Estate News and Views For Cape San Blas, Indian Pass and Florida's Forgotten Coast Tue, 06 Jan 2009 13:13:27 +0000 http://wordpress.org/?v=2.3 Comment on Cape San Blas Real Estate Week In Review - October 11-17, 2008 by Ian Henderson http://capesanblasblog.com/2008/10/18/cape-san-blas-real-estate-week-in-review-october-11-17-2008/#comment-2995 Ian Henderson Tue, 18 Nov 2008 08:35:46 +0000 http://capesanblasblog.com/2008/10/18/cape-san-blas-real-estate-week-in-review-october-11-17-2008/#comment-2995 You're full of it. CSB properties are overpriced to the market. I should know, I have 6 of them :( You’re full of it. CSB properties are overpriced to the market. I should know, I have 6 of them :(

]]> Comment on Cape San Blas Real Estate Week In Review - October 11-17, 2008 by sdodsworth http://capesanblasblog.com/2008/10/18/cape-san-blas-real-estate-week-in-review-october-11-17-2008/#comment-2406 sdodsworth Wed, 22 Oct 2008 15:59:07 +0000 http://capesanblasblog.com/2008/10/18/cape-san-blas-real-estate-week-in-review-october-11-17-2008/#comment-2406 Thanks, Derik. Some time ago I was thinking that as beach restoration advanced, prices would adjust upward, but so far I haven't seen much of that at all. Restoration has definitely increased values, in some cases restoring properties which had been basically unsellable into marketable properties. Increasing gulf front prices pull all other values up with it though not necessarily by the same percentage. We are already seeing investors easing back in, researching, watching. With the extreme volatility in the stock market I suspect we may see something similar to what happened after the dot com burst when all that capital fled stocks and much of it went into real estate. Thanks, Derik.

Some time ago I was thinking that as beach restoration advanced, prices would adjust upward, but so far I haven’t seen much of that at all. Restoration has definitely increased values, in some cases restoring properties which had been basically unsellable into marketable properties.

Increasing gulf front prices pull all other values up with it though not necessarily by the same percentage.

We are already seeing investors easing back in, researching, watching. With the extreme volatility in the stock market I suspect we may see something similar to what happened after the dot com burst when all that capital fled stocks and much of it went into real estate.

]]> Comment on Cape San Blas Real Estate Week In Review - October 11-17, 2008 by Derik http://capesanblasblog.com/2008/10/18/cape-san-blas-real-estate-week-in-review-october-11-17-2008/#comment-2401 Derik Wed, 22 Oct 2008 09:08:14 +0000 http://capesanblasblog.com/2008/10/18/cape-san-blas-real-estate-week-in-review-october-11-17-2008/#comment-2401 Sherri: Great blog! I was wondering, if we ignore the meltdown (credit and markets) do you think the beach restoration has not been factored into some of these properties? If so, they are probably "under" valued quite a bit. How much do you think does the restoration project add to values percentage wise? Beach front and interior including bay side? Basically, when the credit freeze thaws and the "recession" (which technically we have not yet measured negative growth over a quarter, yet) starts to unwind and some growth starts to show I would probably be investing. Albeit, the market value of my investments make investing risky today, at least from my viewpoint. Derik Sherri:

Great blog!

I was wondering, if we ignore the meltdown (credit and markets) do you think the beach restoration has not been factored into some of these properties? If so, they are probably “under” valued quite a bit. How much do you think does the restoration project add to values percentage wise? Beach front and interior including bay side?

Basically, when the credit freeze thaws and the “recession” (which technically we have not yet measured negative growth over a quarter, yet) starts to unwind and some growth starts to show I would probably be investing. Albeit, the market value of my investments make investing risky today, at least from my viewpoint.

Derik

]]> Comment on Cape San Blas Road Open by sdodsworth http://capesanblasblog.com/2008/09/15/cape-san-blas-road-open/#comment-1673 sdodsworth Wed, 17 Sep 2008 19:20:07 +0000 http://capesanblasblog.com/2008/09/15/cape-san-blas-road-open/#comment-1673 I am so sorry for all the stress you've been going through with your beach home. People just don't realize how challenging it can be to live in this area we love so much, and you are so right about the government leading the assault to stand between us and our property. They always say they're just trying to protect us. I have looked DEP reps straight in the eye and told them we really don't know how much more "help" from the government we can survive. DEP is absolutely the worst. It's so bad that when I see a DEP tag on a car if I possibly have the time I follow it to see where it's going so I can find out what they're up to, because where they go trouble follows. It's awful to feel that way about your own government, and the really bad part is we can't vote these agencies out of office because they're unelected. Here is the info I got from the beach renourishment team oas to why the renourishment started north and worked its way southward: It was basically because the project was delayed due to the Nicholson lawsuit that held the project up 6 months. The permit required us to be out of the state park by May 1 due to the beginning of turtle season. We then were granted an extension to our original permit to work through nesting season outside of the park only. So the only way not to create a further delay and/or possibly breaking up the project into two seasons (breaking for turtle season) was to begin in the park and work south. Not necessarily the best case, but it the best of the two options we had 1) pump from the park south in one season or 2) pump north, stop from May 1- Nov 30, resume working. The second option was much more expensive as well because of the cost of a second mobilization and demobilization of the equipment, labor and fuel cost would not have been secured under out original contract either. I don't know what I can do to help you but be your eyes and ears here but please feel free to let me know if there is. I'll keep all of you Sunrise Sunset owners in my prayers. I am so sorry for all the stress you’ve been going through with your beach home.

People just don’t realize how challenging it can be to live in this area we love so much, and you are so right about the government leading the assault to stand between us and our property. They always say they’re just trying to protect us. I have looked DEP reps straight in the eye and told them we really don’t know how much more “help” from the government we can survive. DEP is absolutely the worst. It’s so bad that when I see a DEP tag on a car if I possibly have the time I follow it to see where it’s going so I can find out what they’re up to, because where they go trouble follows. It’s awful to feel that way about your own government, and the really bad part is we can’t vote these agencies out of office because they’re unelected.

Here is the info I got from the beach renourishment team oas to why the renourishment started north and worked its way southward:

It was basically because the project was delayed due to the Nicholson lawsuit that held the project up 6 months. The permit required us to be out of the state park by May 1 due to the beginning of turtle season. We then were granted an extension to our original permit to work through nesting season outside of the park only. So the only way not to create a further delay and/or possibly breaking up the project into two seasons (breaking for turtle season) was to begin in the park and work south.

Not necessarily the best case, but it the best of the two options we had

1) pump from the park south in one season or
2) pump north, stop from May 1- Nov 30, resume working.

The second option was much more expensive as well because of the cost of a second mobilization and demobilization of the equipment, labor and fuel cost would not have been secured under out original contract either.

I don’t know what I can do to help you but be your eyes and ears here but please feel free to let me know if there is. I’ll keep all of you Sunrise Sunset owners in my prayers.

]]> Comment on Cape San Blas Road Open by Meg http://capesanblasblog.com/2008/09/15/cape-san-blas-road-open/#comment-1644 Meg Tue, 16 Sep 2008 20:19:36 +0000 http://capesanblasblog.com/2008/09/15/cape-san-blas-road-open/#comment-1644 Sherry, I really appreciate your information and pictures. That's my home up there, Sunrise Sunset, B4. We were so close to being safe and sound with a new beach. But thanks to delayed permits, equipment failures, Hannah, Gustav & Ike, now our building might not make it. It is so difficult to comprehend. I know we were taking a chance on beachfront property; we've been very lucky to enjoy it for 7 years without major damage. So now in about 2 months, give or take a month or two, there will be a renourished beach out there but who knows if the B complex will still be standing. We have to wait for insurance adjustors to make decisions and then go from there. It is just so difficult when anyone, single person or committee, takes on a renovation or whatever project, and everything takes so long. Permits from county, state, city, DEP and then permits expire and start all over again. The hold-out homeowner who held up the original permit to get the beach renourishment started is one of the worst. Permits, weather, government agencies rules, unreliable construction workers (I'm thinking of the A complex 2004 renovation in regards to the workers), all these factors cause a project that would take 2-4 months at least 6 months in Gulf County. If only the DEP had allowed the project to start from south to north, where the area was critical, that would have made a huge difference also. But the people making that decision don't live in Gulf County, or work there or own property there. It's a shame. Cape San Blas is such a beautiful place to live and visit; we have enjoyed it so much, but the trials and tribulations are beginning to outweigh the benefits now. If the above B complex doesn't fall and we all decide to repair, that will take at least 12 months, more likely 18 months. At least Cape San Blas Rd is open again and the weather is gorgeous and visitors can return to the beach, at the northern end, since there's no beach in the south! Thanks for your website & pictures. Sherry,
I really appreciate your information and pictures. That’s my home up there, Sunrise Sunset, B4. We were so close to being safe and sound with a new beach. But thanks to delayed permits, equipment failures, Hannah, Gustav & Ike, now our building might not make it. It is so difficult to comprehend. I know we were taking a chance on beachfront property; we’ve been very lucky to enjoy it for 7 years without major damage. So now in about 2 months, give or take a month or two, there will be a renourished beach out there but who knows if the B complex will still be standing. We have to wait for insurance adjustors to make decisions and then go from there. It is just so difficult when anyone, single person or committee, takes on a renovation or whatever project, and everything takes so long. Permits from county, state, city, DEP and then permits expire and start all over again. The hold-out homeowner who held up the original permit to get the beach renourishment started is one of the worst. Permits, weather, government agencies rules, unreliable construction workers (I’m thinking of the A complex 2004 renovation in regards to the workers), all these factors cause a project that would take 2-4 months at least 6 months in Gulf County. If only the DEP had allowed the project to start from south to north, where the area was critical, that would have made a huge difference also. But the people making that decision don’t live in Gulf County, or work there or own property there. It’s a shame. Cape San Blas is such a beautiful place to live and visit; we have enjoyed it so much, but the trials and tribulations are beginning to outweigh the benefits now. If the above B complex doesn’t fall and we all decide to repair, that will take at least 12 months, more likely 18 months.
At least Cape San Blas Rd is open again and the weather is gorgeous and visitors can return to the beach, at the northern end, since there’s no beach in the south! Thanks for your website & pictures.

]]> Comment on Local Traffic Being Allowed Through Stumphole by Meg http://capesanblasblog.com/2008/09/12/traffic-being-allowed-through-stumphole/#comment-1593 Meg Sun, 14 Sep 2008 15:34:36 +0000 http://capesanblasblog.com/2008/09/12/traffic-being-allowed-through-stumphole/#comment-1593 You're right - I remember about that one hold-out homeowner. But if he had no qualms about holding out for so long he probably doesn't feel a bit responsible for the damage caused by the incomplete beach renourishment. He should have alot on his conscience but I have my doubts. Thanks so much for checking into why the work started north instead of south. I would really love to understand that decision. You’re right - I remember about that one hold-out homeowner. But if he had no qualms about holding out for so long he probably doesn’t feel a bit responsible for the damage caused by the incomplete beach renourishment. He should have alot on his conscience but I have my doubts.
Thanks so much for checking into why the work started north instead of south. I would really love to understand that decision.

]]> Comment on Local Traffic Being Allowed Through Stumphole by sdodsworth http://capesanblasblog.com/2008/09/12/traffic-being-allowed-through-stumphole/#comment-1559 sdodsworth Sat, 13 Sep 2008 22:54:38 +0000 http://capesanblasblog.com/2008/09/12/traffic-being-allowed-through-stumphole/#comment-1559 I need to look into why the decision was made to start north and work south - I heard once long ago but forget what the reasoning was. I'll get back to you on that one. What's truly sad is if it hadn't been for the lawsuit brought by one property owner which held up the program for nearly eight months, beach renourishment would have been completed in front of those homes on the southern portion. That individual has a lot to bear on his consceince and I hope it causes him sleepless nights. Cape San Blas Road is a state road so Tallahassee has the final say over what maintenance is done on it. I need to look into why the decision was made to start north and work south - I heard once long ago but forget what the reasoning was. I’ll get back to you on that one.

What’s truly sad is if it hadn’t been for the lawsuit brought by one property owner which held up the program for nearly eight months, beach renourishment would have been completed in front of those homes on the southern portion. That individual has a lot to bear on his consceince and I hope it causes him sleepless nights.

Cape San Blas Road is a state road so Tallahassee has the final say over what maintenance is done on it.

]]> Comment on Stumphole Badly Battered by sdodsworth http://capesanblasblog.com/2008/09/04/stumphole-badly-battered/#comment-1558 sdodsworth Sat, 13 Sep 2008 22:29:21 +0000 http://capesanblasblog.com/2008/09/04/stumphole-badly-battered/#comment-1558 I need to look into why the decision was made to start north and work south - I heard once long ago but forget what the reasoning was. I'll get back to you on that one. What's truly sad is if it hadn't been for the lawsuit brought by one property owner which held up the program for nearly eight months, beach renourishment would have been completed in front of those homes on the southern portion. That individual has a lot to bear on his consceince and I hope it causes him sleepless nights. Cape San Blas Road is a state road so Tallahassee has the final say over what maintenance is done on it. I need to look into why the decision was made to start north and work south - I heard once long ago but forget what the reasoning was. I’ll get back to you on that one.

What’s truly sad is if it hadn’t been for the lawsuit brought by one property owner which held up the program for nearly eight months, beach renourishment would have been completed in front of those homes on the southern portion. That individual has a lot to bear on his consceince and I hope it causes him sleepless nights.

Cape San Blas Road is a state road so Tallahassee has the final say over what maintenance is done on it.

]]> Comment on Ike Closes Stumphole by sdodsworth http://capesanblasblog.com/2008/09/11/ike-closes-stumphole/#comment-1557 sdodsworth Sat, 13 Sep 2008 22:22:16 +0000 http://capesanblasblog.com/2008/09/11/ike-closes-stumphole/#comment-1557 Property continues to sell on the Cape. When you look at a series of historical surveys of the shoreline you can see that the rate of erosion is greatest along the southern portion and decelerates as you move northward, essentially stabilzing south of the state park. The northern end of the peninsula is actually accreting. Property continues to sell on the Cape. When you look at a series of historical surveys of the shoreline you can see that the rate of erosion is greatest along the southern portion and decelerates as you move northward, essentially stabilzing south of the state park. The northern end of the peninsula is actually accreting.

]]> Comment on Ike Closes Stumphole by Alan http://capesanblasblog.com/2008/09/11/ike-closes-stumphole/#comment-1556 Alan Sat, 13 Sep 2008 22:15:42 +0000 http://capesanblasblog.com/2008/09/11/ike-closes-stumphole/#comment-1556 I've been coming to Indian Pass/Cape San Blas for years. Are people actually still buying land and homes past the stumphole? That place won't exist someday. Best place on earth to visit, but I wouldn't invest there. I’ve been coming to Indian Pass/Cape San Blas for years. Are people actually still buying land and homes past the stumphole? That place won’t exist someday.
Best place on earth to visit, but I wouldn’t invest there.

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