Archive for October, 2019

Oct 26 2019

Cape San Blas Real Estate Week in Review – Oct. 19-25, 2019

Published by under Cape San Blas

We’ve had a relatively quiet week with just three sales, two new contracts, eleven new listings (nine of which are a bulk entry in one subdivision) and five price changes. With all that listing activity, our inventory grew by seven, closing the week at 292, with 76 homes, 210 lots, 5 commercial and one long-term rental MLS offerings in the Cape San Blas, Indian Pass and C-30 Corridor market.Let’s see what’s moving.

Kicking things off with our review of this week’s three sales is this 5-bedroom, 4 1/2-bath, 2,595 square foot gulf front home on Jamaica Drive back behind the Trading Post. The seller bought the 52′ lot on which it’s located in 2004 for $575,000, and built the house in 2017. It has been a money-making machine as a vacation rental home, with a gross rental income history reportedly over $102,000 annually. New owners picked up the keys at closing on Monday for $1,150,000.

On the south side of the Cape in Piney Woods, our second sale is a 55′ by 75′ interior X-zone lot with an interesting sales history. The current owners purchased it in mid-2014 for $31,500 from sellers who had purchased it a year prior as a foreclosure for $18,300. Eight years prior to that in June of 2005 it sold for $409,900. It was listed on August 30 for $49,900 and closed for $47,450.

Our third and final sale takes us a few blocks east of Piney Woods to this 100′ wide bay front lot. As you can see from the photo, the south end of the bay tends to be shallow and marshy but affords beautiful views none the less. The property is located across the street from Pluto Way in Surfside Estates. The sellers have owned it for years so I found no significant sales data in the property appraiser’s site. It was listed for $145,000 and the new owner took title for $129,000.

The first of our two new contracts is on a second tier, gulf view lot on Bamba Way, just south of Coneheads Restaurant. It’s a uniquely-shaped quarter-acre parcel listed for $152,000, and comes with deeded gulf access. The seller bought it in mid-2015 for $70,000.


Our only other contract is on a gorgeous gulf front lot in Sunset Beach Estates, a beautiful community on the Cape about 2 miles south of the state park. This is one of the widest subdivision gulf front lots on the Cape, with 63’ of waterfront and a depth of 945’ for a little over 0.6 of an acre.  This lot was listed for $649,000. With this contract all of the gulf front lots have now been spoken for, but there are still beautiful first tier lots available for $299,000.

Quick as a flash, we’re done. If you have any questions about what other values may be found here along the coast, or if you’re an owner wondering what the current value of your property might be, just let me know; I’ll be glad to help you with your either way. Call or text me at 850-227-5197 or send an email to sherri@sherridodsworth.com . Thanks for checking in today, and I hope to hear from you soon.

Reminder – If you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

Please follow and like us:
error

Comments Off on Cape San Blas Real Estate Week in Review – Oct. 19-25, 2019

Oct 19 2019

Cape San Blas Real Estate Week in Review – Oct. 12-18, 2019

Published by under Cape San Blas

Nestor turned out to be just a welcome rain event so everyone along the Forgotten Coast is breathing a bit easier today. Still a little gun shy when these storms approach since Michael. As I write this mid-morning on Saturday bands are still passing through.  The award for best power company ever goes to Duke Energy who had our power restored in record time roughly two hours after it went out, with our lights coming back on around dawn even as strong winds were still in the area.  They do a fantastic job!

We had a decent week in real estate, closing three sales and writing up two new contracts. Sellers added ten new listings (one of which is already under contract) and changed prices on five others. Our inventory only shed one, closing the week at 285, with 76 homes, 204 lots, and five commercial offerings listed in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. Let’s see what’s catching buyers’ eyes.

The first of our three sales is a 114′ wide gulf front lot on Shoreline Drive in Peninsula Estates less than a mile south of the state park entrance. This is one of the earliest communities on the Cape, platted in 1977. It spans from the gulf to the bay with all property owners enjoying deeded access to both. There are recorded covenants, but no HOA or HOA fees. The seller of this lot has owned it since the 90’s so there is no meaningful sales data on the property appraiser’s web site. Sadly, there was a house on the property that was destroyed by Hurricane Michael.

In nearby Hibiscus Gulf, the parties closed on this 100’ by 115’, quarter-acre, X-zone gulf-view lot listed for $175,000. This property belongs to the developer’s family, so no sales history.  Hibiscus Gulf is a pleasant little gated neighborhood with an attractive community pool, Gazebo overlooking the gulf, and a quiet, low density stretch of beach by Rish Park.  Owners also enjoy deeded bay access across the street which includes a walk over out into the bay.  The new owners took title for $155,000.

Our final sale is the business side only of Happy Ours KayakTours on the south side of the cake. The owners have been getting visitors out exploring the bay for 20 years now, but they are ready to retire and have their home listed for $589,000. They had the business listed for $85,000 and sold it on Tuesday for $75,000 cash with some owner financing.

Now on to our two new contracts, starting back on the north end of the Cape on Flamingo Drive in Findlay Shores where sellers accepted an offer on their 3-bedroom, 2-bath, 1,503 square foot gulf-view home listed for $599,900. It has wonderful gulf views throughout, is very nicely furnished, and was built in 2018 on an X-zone lot.

Our other contract is down on the south side of the Cape in The Club at Cape San Blas, one of only a couple of condominium complexes on the Cape. It sits overlooking the gulf, and has a nice community pool. This 2-bedroom, 2-bath, 1,200 unit went under contract the day it hit the MLS with a $400,000 price tag which in our market typically indicates the parties negotiated the deal before going live with the listing.

And that does it for today.  Good to see news this week of an approaching tropical system didn’t scare folks off.  We’re so thankful for all of Nestor’s rain!  We went a full 6+ weeks without a drop out here on the Cape, at least on the north side in my neck of the woods.  I appreciate your taking time to stop by today. If I can help you with any of your real estate needs, whether buying or selling, I’m only a phone call, text or email away. Reach me at 850-227-5197 or sherri@sherridodsworth.com.  Have a great week, and I hope to see you back again next Saturday.

Reminder – If you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

Please follow and like us:
error

2 responses so far

Oct 19 2019

Nestor Passing Through

Published by under Cape San Blas

Tropical Storm Nestor is passing through our area as I write this, bringing sorely needed drenching rain. According to the Weather Channel, winds are currently 37 gusting to 50, so not bad. Lost power and water around 4:30 this morning; Duke Energy robocall said they expect to have it restored by 10:30. Writing this from my cell phone. I will try to post my weekly review as soon as possible after the power is restored.

Please follow and like us:
error

Comments Off on Nestor Passing Through

Oct 12 2019

Cape San Blas Real Estate Week In Review – Oct. 5-11, 2019

Published by under Cape San Blas

 Thursday marked the one year anniversary since Hurricane Michael slammed into the Forgotten Coast as a category 5 force from hell wreaking havoc like an 80-mile wide tornado, carving a swath of death and destruction in its wake all the way north into Georgia and beyond. In the aftermath of a storm that barreled through in only a few hours, our area was forever changed to measuring time as life before and life after Michael. In some ways it seems as if it all happened a long time ago, and other times it feels like it was only last week.  We’ve certainly made so much more progress in one year than I ever would have believed possible, though we still have a long way to go.

Throughout this recovery period, real estate has continued to change hands, and this week was no exception, with two sales and two new contracts. Seven owners decided it was time to sell, and nine others adjusted their list prices.  Our inventory inched up by three, closing the week at 286, with 80 homes, 201 lots, and 5 commercial properties listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

The first of our two sales is on the Cape in Ovation, a gated community spanning from gulf to bay, roughly a mile south of the entrance to the state park. This neighborhood has an HOA and HOA fees, currently $2,900 per year, which help to cover the cost of maintaining the numerous amenities, such as bay front infinity pool, gulf side pool, fitness center, tennis courts, etc.  The seller bought the irregularly-shaped, roughly quarter-care lot in mid-2011 for $50,000, listed it for $64,000, recently dropped that to $59,000, and on Wednesday signed it over to the new owner for $55,000 cash.


Our second sale is a gorgeous gulf front lot in Sunset Beach Estates, a gulf front community on the Cape about 2 miles south of the state park. This is one of the widest subdivision gulf front lots on the Cape, with 63’ of waterfront and a depth of 945’ for a little over 0.6 of an acre.  This lot was listed for $649,000 and sold on Friday for $630,000 cash. There is only one remaining similarly-sized gulf front lot in this premier little gulf front subdivision so if you’re interested, act sooner rather than later. I am the co-listing agent for this project so call me if you want additional information.

We’ll head down to the south side of the Cape to Dunes Club for the first of our two new contracts which is on this 3-bedroom, 2-bath, 1,176 square foot top floor gulf-front condo listed for $359,000. The seller bought it in early 2017 for $325,000.

For our second contract we’ll go out onto C-30 and travel east a few miles past the Indian Pass Raw Bar, to this 3-bedroom, 2-bath, 1,200 square foot home overlooking Indian Pass Lagoon. It is situated on a 85′ by 500′, .97 acre lagoon front lot. The waterfront home was built in 2008 and is being sold partially furnished for $268,000. The sellers bought it in early 2017 for $204,000.

And with that, we’re all up to date for another week. Seems we took a bit of a breather since last week’s burst of activity.  We continue to have a shortage of houses in our inventory which is in line with what the industry is experiencing nationwide.  If you’ve been considering selling, let me know and I’ll be glad to research an estimate of current market value to help you determine if the time is right for you to sell. Simply call or text me at 850-227-5197 or drop an email to sherri@sherridodsworth.com and we’ll get started.

One year out from Michael I’ll leave you with this. My mantra that has gotten me through day by day since the storm: Today is better than yesterday, and tomorrow will be better than today.  Really not a bad mantra for every day life no matter what your experience is. Take care, and thanks so much for stopping by today.

Reminder – If you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

Please follow and like us:
error

Comments Off on Cape San Blas Real Estate Week In Review – Oct. 5-11, 2019

Oct 05 2019

Cape San Blas Real Estate Week in Review – Sep. 28 – Oct. 4, 2019

Published by under Cape San Blas

  The calendar may say Autumn, but the weather still says Summer as these scorching temps just refuse to cool off. Our market was sizzling hot as well this week after taking a breather for the past month. We closed eight sales and wrote up five new contracts. Sellers added sixteen new listings, and changed prices on ten others. Our inventory took a healthy dip shedding five, ending the week at 283, with a total of 78 houses, five commercial and 200 lots MLS listings in the Cape San Blas, Indian Pass and C-30 Corridor market. We have a fair amount of territory to cover today so make yourself comfortable and let’s get to it.

The first of our eight sales is this 4-bedroom, 3-bath, 2,129 home located up in Sunset Pointe on the Cape just outside the state park. It’s a lovely home with an in-ground pool,  but the only other water views from it are mere glimpses from the upstairs bedrooms. The seller bought it from the developer for $335,000 in 2010 and listed it in July 1 for $484,000. It went under contract in just a couple of weeks and the happy new owners picked up the keys at closing for $478,000.

Cape Breezes is home to our second sale, a 4-bedroom, 4-1/2-bath, 2,614 square foot gulf view home listed for $819,000. This popular rental has a great income history, helped no doubt by its many amenities such as a heated in-ground pool, golf cart for traveling with your gear to the beach, a fenced kennel run, elevator and, of course, that afore-mentioned gorgeous gulf view. The sellers bought the lot in mid-2013 for $87,500 and immediately set about building the house.  They signed the title over on Friday for $780,000.

We’ll travel down Cape San Blas Road about two miles or so to this 3-bedroom, 2-bath, 1,484 square foot bay front home across the street from Ocean Haven.  The seller bought the lot in 2014 for $80,000 and built the home in 2017.  It went under contract in August with a list price of $619,900, and closed on Friday for $596,000. My sources tell me the new owners intend to live here, so a warm welcome to our new neighbors!

There was a lot of action in Cape Isle Preserve, a small subdivision in an area with a history of high beach erosion; it’s a little bit north of the rocks at Stumphole.  Not only has the beach renourishment well under way all week in this vicinity, but three owners there also went to the closing table.  First up is this 4-bedroom, 3 1/2-bath, 2,300 square foot gulf-front spec house .The owner was very nearly finished with construction and had it listed for $993,600 last fall when Michael hit which slowed progress a bit. After the storm he regrouped and repaired and raised that list price to $1,095,000 which attracted a buyer who took title on Monday for $947,500.

The second Cape Isle Preserve sale is a 4-bedroom, 3-1/2-bath, 2,213 square-foot first tier house listed for $899,000. The seller bought the lot in 2016 for $109,000 and built the house that same year. On Friday, he picked up a nice check at closing for $800,000.

The third sale there is a 48′ wide gulf front lot listed for $249,000, well below the $650,000 it sold for in 2004. On Monday it went for $222,000.

Look familiar? This is an aerial showing the area of the Colors Way subdivision where we’ve seen a lot of activity recently. The developer is offering these as RV lots for $59,900 each which includes water and sewer taps.  They’re located a few hundred feet from Presnell’s boat launch and RV park. Most have already sold, but this straggler finally made it to the finish line on Friday with a $51,500 check for the seller.

For our eighth sale we’ll head east on C-30 on over to Money Bayou to this 35′ by 120′, 0.07 second tier lot that was listed for $89,900. The owner apparently had a change of heart on this FEMA-eligible lot having only purchased it last December for $71,000. He let it go for $88,500.

The first of our five new contracts takes us back over to Cape Breezes to this 0.6 acre road-front lot listed for $105,900.  The owner has been trying to sell it since he first listed back in late 2016 for $114,900. It’s a challenging location to sell with that water tower right next door.

Dolphin Bay to Beach is a pleasant little neighborhood about two miles south of Cape Breezes, and it is home to our second contract. This 54′ by 154′ X-zone bay view lot sporting an attractive $139,000 price tag caught a buyer’s eye on Friday. All of the property owners in this small subdivision enjoy both bay and gulf deeded access.The sellers bought their lot in May of 2018 for $114,5000.

Contract number takes us back down on the south side of the Cape to this 100′ wide bay front lot listed for $145,000. As you can see from the photo, the south end of the bay tends to be shallow and marshy but affords beautiful views none the less. The property is located across the street from Pluto Way in Surfside Estates. The sellers have owned it for years so I found no significant sales data in the property appraiser’s site.

We’re back out on SR-30 for our final two contracts, starting with this 4-bedroom, 2-1/2-bath, 2,423  square foot home  on a 100′ wide lot overlooking the bay. The circa-1985 home is in the vicinity of where Triple Tails used to be. It’s listed for $525,000. Here, too, the seller has owned it for a very long time.

We’ll wrap things up today with this 4.45-acre parcel measuring roughly 422′ by 465′ and listed for $349,000. It’s on the corner of SR-30 and Country Club Road, directly across from the bay-front subdivision called Shallow Reed. It has been pretty much cleared since this photo was taken. Since the county recently abandoned its RV ordinance, this one can be home to RVs just like the Colors Way RV Park less than a mile down the road.  The same agent who did that project is the one who brought the buyer for this property so I wouldn’t be surprised if that’s what is in the plans for it.

Nice to see a good bit of action in the market again after a few quiet weeks. I know I’ve been staying really busy and that’s a good thing – busy pays bills! Never too busy to help you out, though, so if you’re interested in buying or selling, please call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com and we’ll get started.  Have a great week, keep cool, and thanks so much for taking time out of your busy schedule to stop by today.

Reminder – If you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

Please follow and like us:
error

Comments Off on Cape San Blas Real Estate Week in Review – Sep. 28 – Oct. 4, 2019