Archive for June, 2020

Jun 26 2020

Cape San Blas Real Estate Week in Review – June 20-26, 2020

Published by under Cape San Blas

 And the beat goes on. Another full throttle pedal to the medal week in real estate here so we continue with the Readers Digest Condensed Version review. We closed five sales, wrote up a whopping thirteen new contracts. Sellers added twelve new listings and changed prices on seven others.   Our inventory shed two, closing the week at 330, with 91 houses and 239 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.

That does it for this week’s condensed version. As long as people continue to think of our area as being a safe haven to buy into both for personal safety and financially, I think we’ll likely see this pace continue for awhile. If you’re thinking of selling, I will be glad to provide you with a no cost, no obligation Comparative Market Analysis (CMA) to give you an idea of what your property will likely command in our current sellers’ market. Call or text me at 850-227-5197 or send a note to sherri@sherridodsworth.com and we’ll get started.

Have a great week, stay safe, and thank you 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.

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Jun 19 2020

Cape San Blas Real Estate Review – June 13-19, 2020

Published by under Cape San Blas

Every day is 4th of July now on the Cape it seems with daily crowds out and about like I’ve never seen in the 26 years I’ve lived here. When beach time is over for the day, many are heading out to look at real estate and Realtors are working non-stop to meet the demand. My workload has increased accordingly, so once again I bring you a Reader’s Digest condensed version of the week’s activity.  We had three closings, wrote up nine new contracts, added eleven new listings and changed prices on five others. Our inventory remains unchanged, closing the week once again at 332, with 93 homes and 239 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

If this pace continues, this brief review might have to remain the new normal for awhile until things quiet down and I can devote more time to writing it. If you are thinking of selling or buying I’ll be glad to help you. Call or text me at 850-227-5197 or drop a line to sherri@sherridodsworth.com. I hope all is well with you and your family. Stay safe and I hope to see you back here 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.

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Jun 12 2020

Cape San Blas Real Estate Week in Review – June 6-12, 2020

Published by under Cape San Blas

 Another non-holiday week with a major holiday-like turnout and we had a lot of visitors here along the Forgotten Coast and once again, many are looking to put down stakes. Real estate is smoking hot and we’ve all been crazy busy. We had a good week with four sales and seven new contracts.  Sellers added six new listings, and changed prices on three others. With all that activity, our inventory shed four, ending the week at 332, with 92 homes and 240 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

All of this week’s four sales are on the Cape, starting off with this 265′ by 278′, 1.5-acre X zone lot listed for $144,900. 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 and sold it on Monday for $118,000 so this turned out to be a good investment with a nice return.

About 3 miles south of Spinnaker is Cape Sands Landing which is home to our second sale. Buyers snapped up this attractive 3-bedroom, 3-bath, 1,600 square foot first tier duplex the very day it debuted in the MLS sporting a $552,000 price tag. The sellers bought it in 2015 for $303,600 and have done a masterful job since of renovating it. These duplexes were built back in 1985.  On Wednesday their hard work paid off and they sold it for full list price of $552,000.

Our third new sale takes us down to near the rocks at Stumphole where this 3-bedroom, 3-bath, 2,183 square foot gulf front home went under contract last month with a list price of $875,000. The rental house was built on a 57′ wide lot in 2012.  The sellers bought the house in 2015 for $460,000, and have done a lot of work on it since then. This lower portion of the Cape has a history of high beach erosion. New owners picked up the keys at closing on Tuesday for $840,000.

Our fourth and final sale takes us down to the south side of the Cape to San Blas Plantation where this 82′ by 163′ road front lot sold for $80,000. The seller bought it in 2015 for $30,000.

My husband and I closed on a new house this week so in addition to keeping up with my day job, we’ve had a lot going on in our personal lives so the clock just ran out on trying to research and write about our seven new contracts.  I hate to go Readers Digest Version on you again. but right now it can’t be avoided. We should be settled in again in about three weeks and my schedule should get back to normal.  I truly hope you’ll hang in there and bear with me.

Never has the phrase ‘Escape to the Cape’ been more appealing than it is right now, which is why I think we’re seeing so many people flock here. If you’re thinking of doing just that or you have property you’d like to sell while demand is strong, 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, stay safe and well, and I hope to see you back here 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.

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Jun 05 2020

Cape San Blas Real Estate Week in Review – May 30-June 5, 2020

Published by under Cape San Blas

 With all of the stress and chaos that 2020 has wrought so far, lots of folks have sought relief at our beaches and once again many have decided to stay. We had another good week, with five sales and five new contracts.  Sellers added eight new listings and changed prices on four others.  Our inventory shed three, ending the week at 336, with 95 houses and 241 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.  Let’s take a look at all the action.

We’ll start our review of this week’s five sales on the north end of the Cape on Hemmingway Lane in Sunset Pointe with this 72′ by 150′, 0.25 acre lot under that went under contract on the 23rd of May with a list price of $35,000, and closed on Friday for $32,500 cash.  The seller picked it up in a bank sale in mid-2014 for $29,500.

Our second sale is this bay-view first tier lot on Cape San Blas Road in Ocean Haven listed for $119,000. Measuring 75′ by 215′, the 0.37′-acre property has a great view of the bay and will offer gulf views as well when a home on pilings is built upon it. It is still owned by the original developer so no sales history on this one.  New owners took title for $110,000.

On nearby Aruba Drive in Cape Sands Landing sale number three is this 3-bedroom, 2.5 bath, 1600 square foot gulf view unit in a duplex that went under contract last month with a list price of $499,000. This is such a cute little beach retreat set up for total vacation fun! The owners have done a terrific job fixing it up since they bought it in late 2015 for $268,000. On Tuesday all that hard work paid off as they picked up a check at closing for $496,500.

Our next sale takes us down to the south side of the Cape to Jubilation, where this 42′ by 76′ lot went under contract in February with a list price of $68,500. The seller bought it in mid-2014 for $50,000 in a short sale where it had previously sold in 2004 for $410,000. Last Friday the new owners took title for $68,000.

We’ll leave the Cape and head on over to Neptune Street in Indian Pass Beach subdivision almost out at the tip of the peninsula. Buyers were attracted to this 75′ by 113′, 0.194-acre lot listed for $119,900. This is an old subdivision recorded back in 1952 and is grandfathered from the CBRA designation, and thus properties here are eligible for FEMA flood insurance. There are recorded covenants, but no HOA or HOA fees. The sellers bought the lot in mid-2002 for $79,900 and sold it on Monday for $115,000.

Now on to our five new contracts returning to the north end of the Cape, starting off with two lots being sold as a single offering. They’re located adjacent to the south side of Barrier Dunes. Together they measure 100′ by 525′.  The seller is asking $299,000 for the two of them.

Our second contract is just a bit south of Coneheads Restaurant. Buyers had their offer accepted on this 4-bedroom, 4 1/2-bath, 3,033 square foot gulf front beauty listed for $1.249M. The home is situated on a gorgeous span of gulf front property with mature dunes shielding it with lush vegetation. It weathered Michael well. The seller bought it in 2004 for $2.2M.

We’re back down on the south side of the Cape for our third contact which is on this 0.21 acre bay view lot in Eventide subdision. This neighborhood has a reciprocol agreement with San Blas Plantation directly across the street from them which allows owners of Eventide property gulf access across their walkover. The seller bought the lot in 2002 for $45,000.

Just a few blocks from Eventide, the next contract is on a 50′ by 500′, 0.59-ace gulf front lot on Louisiana Lane listed for $249,000.  Even though there are beautiful homes on either side, it is approved as an RV site.  The seller bought it in 1999 for $135,000.

Our fifth and final new contract is on a bay front lot on Heron Bay Lane on SR-30 over by the St. Joe Bay Buffer Preserve.  The 100′ by 430′ lot is just shy of an acre and is listed for $195,000, and last sold in late 2017 for $112,500.

And with that we are all up to date.  Because the stay at home orders during Covid have shown so many companies their employees can maintain productivity working remotely, I think we’re going to see an influx of people seeking to go that route and choosing the Forgotten Coast as the place to do just that. This should bode well for sales and property values.  If you’re thinking of selling, call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com and I’ll be happy to do a market analysis of your property’s likely current market value.  As always, I truly appreciate your taking time out of your busy schedule and stopping by today. Hope to see you back 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.

 

 

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