Archive for February, 2020

Feb 29 2020

Cape San Blas Real Estate Week in Review – Feb. 21-28, 2020

Published by under Cape San Blas

For Sale Sold Sign  All eyes were on Wall Street this week watching one of the wildest roller coaster rides of all time.  Investors had one heck of a crazy ride with the market correction settling down more than 10% by week’s end. The faint of heart may be ready to do some profit taking and start looking for a calmer haven for their funds, and what’s more calming and attractive than a beachside retreat?  Much as we saw what happened here locally when the dot com burst in 1999-2000, I believe a lot of that nervous capital may start seeking shelter in real estate, as our market showed no concerns at all, closing five sales, and adding two new contracts. Sellers added sixteen new listings and adjusted prices on five others. Our inventory grew by two, closing out the week at 290, with 86 homes and 204 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.

The first of our five sales is on Antiqua, the street just north of Pristine Vacation Rentals, where the parties closed on this 3-bedroom, 2-bath, 1,300 square foot first floor gulf view condo in a circa-1985 quadplex condominium. This is a laid-back condo association, with fees collected from the four members on an as-needed basis for building maintenance and common expenses.  The owners bought their unit in late 2002 for $195,000, had it listed for $299,000, and sold it on Monday for $257,500.

Our next two sales are down on the south side of the Cape starting with this tiny 1-bedroom, 1-bath cabin with just 288 square feet of heated and cooled living space. Screened porches bring the total square footage up to 488.  It was built in 1990 and the current owners bought it in 1999 for $40,000. The hurricane did quite a bit of damage, and thus was sold “As Is” with an asking price of $79,900, and a settlement price of $77,000.

Our next sale is the cabin’s polar opposite, a family retreat located on a 12-acre parcel that spans from gulf to bay with 322′ of waterfront on either side. The home itself is a 4-bedroom, 4-bath, 5,736 square foot, circa-1995 home located on the gulf side of the property. The sellers have owned it since the early 90’s so no pertinent sales history.  It went under contract in November with a list price of $2,875,000 and closed on Monday for $2.4M with conventional financing.

We’ll exit the Cape and travel east along C-30 over to Treasure Shores where our fourth sale is this 4-bedroom, 3-bath, 1,920 square foot gulf front home listed for $725,000. The home was built in 1996 on a 75′ wide stretch of beach.  The owners bought it in 2002 for $650,000, and sold it on Thursday for $720,000.

Our fifth and final sale is a 100′ by 891′ gulf front lot on Indian Pass . This 2.05-acre property was listed for $499,500 and sold for $475,000 cash.

The first of our two new contracts is on a 63′ by 214′, third of an acre, first tier lot on Haven Road. This X-zone lot is located in Ocean Haven, a subdivision which includes deeded gulf access for all property owners. The neighborhood is adjacent to the south side of Seagrass. The seller bought this lot in January 2016 for $210,000 and has it listed for $189,900.

Our second contract is on a 2-bedroom, 2-bath, 1,296 square foot circa-1992 home in Boardwalk, one of the older communities on the Cape. The home is situated on a 78′ by 103′, 0.18-acre lot, and is being sold unfurnished. The sellers bought it in mid-2014 for $265,000 and have it listed for $389,000.

And just like that, we’re done.  My sense is that we are on the brink of a real estate market about to surge once again. If you’ve been toying with the idea of selling, now is a really good time to consider making that move. Call me and I’ll be glad to give you an assessment of what your property might likely bring in our current market. You can always reach me on my cell at 850-227-5197 or by email at sherri@sherridodsworth.com.  Have a great week, and thanks so much for taking time 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.

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Feb 23 2020

Cape San Blas Real Estate Week in Review – Feb. 15-21, 2020

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   The calendar may say winter isn’t over until March 19, but in my world spring arrived this weekend with the first day of spring training kicking off on Saturday with my beloved Atlanta Brave taking to the field. We had a lot of visitors here this week so it almost felt like spring break as well, and a lot of those folks were apparently shopping for real estate as we closed two sales, and wrote up six new contracts.  Sellers added fourteen new listings, and made three price changes. Our inventory shed four properties, closing the week at 288, with 84 homes and 204 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

The first of our two sales is On Seacliffs Drive near Coneheads Restaurant,where the parties closed on this 66′ by 971′, 1.47-acre gulf front lot. The sellers bought it back in 1996 for a mere $145,000 and subsequently built a beautiful home which was sadly lost to Hurricane Michael. They listed the lot for $899,000, and sold it on Monday for $865,000.

In nearby Ovation, new owners took title to a lot on the bay side of the neighborhood touted in the MLS copy os the cheapest lot in Ovation, with its $39,000 price tag.  There must have been a bit of a bidding war for it as it closed on Tuesday with an above-list price of $42,000.

All of this week’s six new contracts are on the Cape, starting off with this 265′ by 278′, 1.5-acre X zone lot listed for $114,900. It’s on Spinnaker Lane which is on the bay side of Cape San Blas Road just south of Coneheads restaurant. The seller bought it in mid-2016 for $83,000 so this turned out to be a good investment with a nice return.

Less than a quarter of a mile down the road in Peninsula Estates, buyers had their offer accepted on this 119′ by 200′ half-acre first tier lot listed for $249,900. Another nice return on this one as the seller bought it in 2016 for $170,000.

Another mile or so down the road in the Preserve at Cape San Blas, buyers put a down payment on this 5-bedroom, 3-bath, 1,900 square foot gulf view home under construction on Sandy Hill Trail.

Silent Sands is a classic Florida beach neighborhood and one of the older ones on the Cape. On Thursday, sellers accepted an offer on their 2-bedroom, 2-bath, 1,064 gulf view home listed for $449,900. They bought it in early 2017 for $315,000 and did an absolutely amazing renovation on it both inside and out.

Our fifth contract is on a 2-bedroom, one bath, 1,064 square foot bay front cottage on 1.74 acres of land on 112′ feet of waterfront just north of Scallop Cove, according to the MLS notes, “This almost 2 acre property has fully permitted engineered plans in place for 3 additional duplexes & in ground pool, county approved & ready for immediate construction”. The sellers bought it in 2017 for $322,000 and have it listed for $525,000.

We’ll wrap things up today on the south side of the Cape on Polaris Drive in Surfside Estates with this 90′ by 210′, quarter-acre gulf view lot listed for $79,900. The lot includes deeded gulf access and the covenants stipulate a minimum home size of just 1,200 square feet.  The sellers bought it in 2016 for $61,000.

Good to see such smokin’ hot activity!  Let’s see what the next few weeks bring. Obviously, demand is strong, so if you’re thinking of selling, give me a call and I’ll be glad to provide you with an estimate of your property’s current value. Call or text me at 850-227-5197 or send a note to sherri@sherridodsworth.com and we’ll get started. Thanks so much for stopping by today, and I hope to see you back here next week.

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.

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Feb 14 2020

Cape San Blas Real Estate Week in Review – Feb. 8-14, 2020

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 Cupid aimed his arrow at the heart of prime beach real estate this week and a lot of lovebirds celebrated Valentines Day by claiming a place at the beach as part of their love stories. We had six sales, all of which were cash deals, and wrote up four new contracts, while sellers added twelve new listings and changed prices on five others. Our inventory grew by three since last we met, closing the week at 292, with 83 homes and 209 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Let’s see what’s moving.

We’ll start our review of this week’s six sales on the north end of the Cape in Ovation where this irregularly-shaped 0.13-acre lot with 50′ on the road front was under contract with a list price of $199,000. Hard to believe but back at the height of the market in 2005 the developer sold this lot for $697,500.  This time around it went for $200,000, above list, so there may have been some competing offers on it.

Just a little further down the beach from Ovation is Rosemary Dunes where buyers took title to this 55′ wide gulf front lot. The sellers bought it in 2017 for $510,000, had it listed for $499,000, and sold it on Friday for $460,000.

Our third sale takes us about another mile down the road to Catamaran Drive in Feather Sound where the parties closed on this 3-bedroom, 3-bath, 1656 square foot second tier home.  It is a great rental property, affords terrific gulf views through out, and includes an in-ground pool with separate spa. Feather Sound has no HOA or HOA fees, and all properties convey with deeded gulf access. The sellers bought it in 2016 for $475,000, have made myriad upgrades since then, and had it listed for $639,000. The new owners picked up the keys on Wednesday for $578,223.

We’ll leave the Cape and head over to SR-30 where we have a sale of yet another RV lot, this one a 101′ by 217′, half acre, bay view lot Listed for $125,000. It includes public sewer and water, a power pole and a storage shed. The sellers bought just a month before Michael in September 2018 for $57,000 and sold it on Monday for $110,000 cash.

Our fifth sale takes us over to Indian Pass to this lovely 3-bedroom, 2-1/2-bath, 2,450 square-foot gulf front home on Chickasaw Lane in Indian Summer. It was built in 1996 on a 68′ wide lot. The sellers bought it as recently as April 2018 for $932,500; sometimes plans change.  New owners were happy to close on Valentines Day for $1,075,000 cash.

Our sixth and final sale takes us further out on the Indian Pass peninsula to this 100′ by 367′, 0.84-acre lagoon front lot listed for $229,900, which includes a deeded 5′ pedestrian easement to the gulf. The property appraiser’s site offers no significant sales data for the property, so the sellers have apparently owned it for quite some time. On Thursday they bid adieu for $205,000 cash.

For the first of our four new contracts we’ll return to Ovation on the Cape, this time looking at a 50′ wide gulf front lot listed for $419,000 which the seller bought in mid-2018 for $400,000.

Down on the south side of the Cape in Ovation’s sister subdivision, Jubilation, buyers penned a contract on this 4-bedroom, 4-bath, 3,694 square foot house situated on a 55′ wide gulf front lot. The sellers bought the 1.24 acre lot in 2004 for $750,000, built the house in 2007, and accepted an offer on Friday with a list price of $1,199,000.

In nearby San Blas Plantation, this newly listed 3-bedroom, 3-bath, 2,132 square foot gulf view home with an asking price of $574,900 went under contact on Valentines Day.  The sellers bought the lot in early 2015 for $58,000, and built the house that same year.

Our fourth and final new contract takes us back over to Indian Pass to this 75′ wide gulf front lot overlooking St. Vincent Island listed for $265,000. It’s not located in a subdivision so no HOA fees. The sellers bought it in 2004 for $945,000.

And that’s a wrap for this week. This week’s new contracts prove we still have a super strong demand for houses, so if you own one and have been toying with the idea of selling, let me know and I’ll provide you with a no-fee, no obligation comparative market analysis to give you an idea of what it will likely command in our current market. Call or text me at 850-227-5197 or shoot me an email to sherri@sherridodsworth.com . Have a great week and thanks so much for taking time to stop by today! Call or text me at 850-227-5197 or shoot an email to Sherri@SherriDodsworth.com.

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.

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Feb 07 2020

Cape San Blas Real Estate Week in Review – Feb. 1-7, 2020

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 What a week!  So busy in fact that although I typically finish writing these posts on Friday evenings, here it is Friday 9 p.m. and I am still working on real estate business without having had a moment to work on a post for this week.  Looking at a full weekend as well so I don’t see it happening within the next day or two. Busy is good! So I am posting links to this week’s activity but without the full research and writing I strive to provide.

It has been a good week, with two sales, six new contracts, six new listings, and five price changes. Happily, I’ve been involved in a number of these transactions in both bringing sellers and buyers together and bringing new properties to market.

Property continues 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 at 850-227-5197 or shoot an email to Sherri@SherriDodsworth.com.  Bundle up and stay warm – and thanks so much for stopping by.

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.

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Feb 01 2020

Cape San Blas Real Estate Week in Review – Jan. 25-31, 2020

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No need to look at the calendar this week to know it is winter. Like much of the southeastern U.S., we have had a string of cold, rainy, windy days, and unfortunately the upcoming week doesn’t look to offer relief from how we do winter in Florida, meaning our highs will only be in the mid to upper sixties. Clouds couldn’t dim our market this week, as we still managed to close four sales and write up two new contracts, enter fifteen new listings, and pen eleven price changes.  Our inventory swelled by five, closing at 289, with 83 houses and 206 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.  Let’s see which properties are moving.

The first of our four sales is on Spinnaker Lane just south of Coneheads on the bay side of Cape San Blas Rad. A month ago, sellers accepted an offer on their irregularly-shaped bay view lot with a smidgen over half an acre of land. It conveys with deeded bay acess and is not far from a public beach access. It last sold in early 2015 for $47,000, was listed for $79,900, and sold on Friday for $72,000

Our second sale is a 100′ by 510′ bay front lot on the Cape overlooking Pig Island. Hard to believe the sellers bought this little piece of paradise back in 1987 for a mere $15,000. Wow. That’s roughly $34,000 today in inflation-adjusted dollars. It was listed for $199,000 and on Friday they sold it for $150,000 cash.

For our third sale we’ll head off the Cape turning right off of Cape San Blas Road onto C-30 and traveling about a mile to Sea Oats Lane to this 2-bedroom, 2-bath, 1200 square foot gulf front townhouse. It was badly damaged by Michael, and was listed “As Is” for $225,000.  It was built in 1984 and has been owned by the sellers since 1988 when they bought it for $74,200.  New owners took on the challenge of restoring her to her former grandeur on Tuesday for $167,500. I have a special place in my heart for all of the people who step up to the plate to take on the challenge of helping to heal and restore our coastal community. We are a community of people who physically live here and those whose hearts live here and together we are 850 Strong.

Our fourth and final sale is out along C-30 well past the Indian Pass Raw Bar and is an 83′ by 370′, 0.7-acre lagoon front lot on C-30 listed for $39,900. It last sold during the peak of the real estate boom of the early 2000’s in mid-2004 for $270,000.  The 2020 list price came in at $39,900, and the seller sold it Thursday for $35,000, graciously donating those proceeds to St. Joe Bay Humane Society.

We’re back on the Cape for our two new contracts, starting with this 4-bedroom, 2-1/2-bath gulf front home on Sugarloaf Lane. It was built in 2004 on a 50′ wide lot and last sold in late 2013 for $525,000. The sellers have totally renovated it, added new furnishings and appliances and have it listed for $975,000.

Our second new contract is over on Canoe Lane near Indian Pass.  Buyers were smitten with this 4-bedroom, 4-1/2-bath 2,325 square foot first tier home listed only four days before for $749,000. The sellers bought the lot in late 2017. The home is being sold furnished, has great gulf views, and a heated in-ground pool.

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.

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.

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