May 15 2020

Cape San Blas Real Estate Week in Review – May 9-15, 2020

Published by under Cape San Blas

 With our beaches reopened, people have been rolling in and out and about more and they’re they’ve been shopping for real estate. Nobody went to the closing table this week, but Realtors wrote up six new contracts. Sellers added nine new listings and changed prices on five others.   Our inventory added two, closing the week at 313, with 96 houses and 217 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Let’s see what’s catching buyers’ attention.

No closings to review so we’ll begin by taking a look at our six new contracts, starting off on the north end of the Cape in Ovation where buyers had their offer accepted on this irregularly-shaped, 0.016-acre interior lot on the bay side of the neighborhood.  The sellers bought it in late 2017 for $42,500 and have it listed for $46,599.

Next door to Ovation is Cape Breezes, one of the earliest neighborhoods platted on the Cape in the late 70’s. It spans from the bay to the gulf, and all properties convey with deeded access to both. Our second contract is on this newly listed 3-bedroom, 3-bath, 1,642 square foot gulf front home listed for $999,000, situated on a beautiful 100′ wide stretch of beach. It was snapped up the day after it debuted in the MLS.  The owner bought the house in March of 2018 for $819,000 and has done quite a bit of renovation work on it since then. Cape Breezes is the only neighborhood on the Cape to have been removed from the CBRA zone and eligible for FEMA flood insurance.

About two miles down the beach is Turtle Dunes, home to our third contract, which is on a 3-bedroom, 3-bath, fully furnished 1,560 square foot gulf view home listed for $489,000. It’s on a little over a quarter of an acre and was built in 1992.  The current owners bought it in mid-2016 for $381,000.

Contract number four is on a circa-1984, 1396 square foot gulf front home with 3 bedrooms and 2 full baths located directly across the street from Scallop Cove. The owners have completed an amazing renovation transformation in the relatively short time they have owned it. It is hard to believe it is the same house they bought in mid-2016 for $390,000. Prior to Hurricane Michael, it had a gulf front home seaward of it.

Our fifth contract takes us down to the south side to Dunes Club, one of the very few condominum communities on the Cape. Buyers were attracted to this gulf front 3-bedroom, 2-bath, 1,176 top floor end unit. The complex was built in 2004.  The sellers bought it in early 2018 for $271,600 and have it listed for $359,000.

We’ll wrap things up today over along the C-30 Corridor where buyers penned a deal on this 75′ by 220′, 0.373-acre bay view lot. The property is one of many lots along this stretch approved for RV use.  The sellers paid $149,000 for it in 2004 but times have changed since then and they now have it listed for $59,900.

In the past little while as I’ve been writing this on Friday evening, our State District Representative, Jason Shoaf, posted the following update: “I just spoke with the Governor’s team on short term rentals. Any county that wants to reopen can email DBPR to request it and they need to provide a safety plan. I’m working with them now to assist. They will be able to reopen Monday if approved.” The Director of DBPR is Halsey Beshears, our prior district rep and Jason was born and raised in Port St. Joe so we have two very strong advocates for our county who totally understand how critical this is for us. So hopefully we are inching forward towards recovery locally. I will keep you posted.

Interest in real estate is rebounding so if you’re thinking of buying or selling, let’s talk. You can reach me at 850-227-5197 or sherri@sherridodsworth.com. I hope you and your family are well, and appreciate your stopping by today.  Stay safe, and I hope to see you back here soon.

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May 08 2020

Cape San Blas Real Estate Week in Review – May 2-8, 2020

Published by under Cape San Blas

 Covid or not, we are back on a roll it seems turning in yet another good week, this time around closing four sales and writing up four new contracts. Sellers added thirteen new listings, and changed prices on eight others.  Our inventory grew by five, closing the week at 311, with 97 houses and 214 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

We’ll start our review of this week’s four sales on the north end of the Cape with this 50′ by 583′, 0.67-acre gulf front lot just north of Peninsula Estates.  It is not in a named subdivision so no covenants or HOA. The seller bought it in mid-2014 for $317,000, had it listed for $509,900, and sold it on Tuesday for $420,000.

For our second sale, we’ll head on down to the south side of the Cape to Polaris Drive in Surfside Estates to this 3-bedroom, 2-1/2-bath, 2,033 square foot gulf view home listed for $569,000. The sellers bought the lot in late 2012 for $60,000 and built the house in 2015.  Lucky new owners picked up the keys at closing on Tuesday for $560,000.

Just a few blocks away our third sale is a 100′ by 973′, 2.24-acre bay front lot listed for $147,500. This is in the Old Saltworks area and the lot itself includes a portion of a saltworks pond. It last sold in late 2003 for $300,000 and sold on Tuesday for $147,500.

We’re heading on over to Indian Pass for our final sale, a first tier, gulf view lot in Indian Summer listed for $114,900. This is a pretty little quiet neighborhood tucked away off the beaten path, with oyster shell roads and a gulf front community pool. The seller bought this lot as an investment property in early 2018 for $50,000 and sold it on Wednesday for $90,000 cash.

Now on to our four new contracts, starting with 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.

About a half mile further south, our next contract is on a 161′ by 57′, quarter-acre first tier lot on Babados Drive in Turtle Dunes. This well-kept little neighborhood has a community pool, attractive signage at the entrance, and all lots convey with deeded gulf access. This lot last sold in the summer of 2014 for $155,000, and is currently listed for $189,900. It has been on the market since March 2019 when it debuted with an original asking price of $245,900.

Right next door to Turtle Dunes is Cape Sands Landing which is home to our third new contract.  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.

We’ll wrap things up today back over on Indian Pass with this 5-bedroom, 3-1/2 bath, 1,970 square foot gulf front rental house listed for $825,000. The sellers bought the 50′-wide lot in late 2017 for $255,000 and completed the house in 2019.

Relieved to see real estate doing well during the current Covid restrictions. Florida transitioned into Phase 1 of reopening this week, and it has been a pleasure to return to local restaurants able to operate with seating at 25% capacity, and to see small businesses once again able to reopen their doors while observing safeguards. With North Florida still crawling out from under the impact of Hurricane Michael, it seems as if the cosmos should have given us a hall pass to excuse us from having to cope with this so soon afterwards. Our community is strong, though, and everyone is pulling together, so we’ll weather this storm as well. Our beaches have reopened and they will always be a beacon leading people here to claim a piece of the beach for their very own safe haven retreat. Whether you’re interested in buying or selling a little piece of beach paradise, call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com. Have a great week, stay healthy and 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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May 01 2020

Cape San Blas Real Estate Week in Review – April 25 – May 1, 2020

Published by under Cape San Blas

After a few quiet weeks, the dam finally burst, and this week we had five closings and five new contracts. That’s more like it!  Sellers added six new listings, but only made two price changes, following the national trend of sellers sitting tight on their prices during the pandemic. Our inventory shed one, closing the week at 306, with 93 homes and 213 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Let’s see what properties spurned this buyer feeding frenzy.

The first two of our five sales are bay view lots on Pinnacle Drive in Ovation on the north end of the Cape, starting with this 50′ by 100′, 0.12-acre second tier lot. The Sellers bought it in late 2005 for $355,000, had it listed for $59,500 and sold it for $50,000.

Our second sale is a an irregularly-shaped, 0.12-acre bayside second tier lot. The sellers bought it in late 2013 for $52,500, quite a bargain compared to the $285,000 it sold for in 2004. It was listed for $47,000 and sold for exactly that on Thursday.

Down on the south side of the Cape in Dunes Club, the parties went to the closing table to sign the paperwork for this 3-bedroom, 2-bath, 1,176-square foot gulf front condo listed for $389,000. Interesting sales history on this one. In January 2004 it sold for $335,000, and just 18 months later in July 2005 it went for $620,000, not unusual during that period. This time around it went for $370,000.

We’ll leave the Cape for our next two sales, stopping first over on SR-30 on the way towards Simmons Bayou, where this 75′ by 217′ bay view lot has been under contract since early April with a list price of $69,900. The seller bought it in early 2018 for $62,500, and sold it on Thursday for $60,000.

Our fifth and final sale takes us over to Indian summer at Indian Pass where this 98′ by 171′, 0. 38-acre first tier gulf view lot listed for $152,500 sold for $140,000. The sellers bought it in mid-2013 so this investment worked out ok for them.

Now on to our five new contracts starting on the north end of the Cape in Cape Breezes with this recently listed 3-bedroom, 2-bath, 1,888 square foot gulf front home. The sellers bought the 100′ wide lot in mid-2016 for $500,000, built the home in 2018, and have it listed for $1.175. It is a private residence being sold unfurnished. Cape Breezes is the only neighborhood on the Cape to have been removed from the CBRA Zone so homes here are eligible for FEMA flood insurance. There are recorded covenants with deeded gulf and bay access for all owners, but no HOA or HOA fees.

We’ll head south about 2 miles to Tobago Lane where this 100′ by 100′, quarter-acre gulf view lot went under contract on Wednesday with a list price of $149,900. With inflation adjusted dollars that’s probably a near wash with the $120,000 the sellers paid for it in 2003. There is no HOA, and the lot conveys with deeded beach access.

Our third new contract 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 Friday. The rental house was built on a 57′ wide lot in 2012.  The sellers bought the house in 2015 for $460,000, have done a lot of work on it since then, and have it listed for $875,000. This lower portion of the Cape has a history of high beach erosion.

We’re back out on SR-30 for our fourth contract which is on a 75′ by 21′, 0.377-acre bay view lot listed for $58,900. RVs are allowed here now by the county.  Back in 2005 this lot sold for $200,000.

We’ll wrap things up today back over on Indian Pass, this time over on Neptune Street in Indian Pass Beach subdivision almost out at the tip of the peninsula. Buyers were attracted to this 7′ 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 again no HOA or HOA fees. The sellers bought the lot in mid-2002 for $79,900.

Great to see a significant bump in activity.  Our state is beginning to reopen for business, and locally our beaches reopened today with no restrictions other than abiding by CDC guidelines for social distancing, Restaurants and retail can reopen on Monday limiting capacity to 25% which for our small shops and boutiques downtown will not be a problem at all. I imagine business will be booming with so much pent up demand. I expect we’ll see the same with real estate.  Hopefully this week’s action is a glimpse of things to come.  I hope you and your family are doing well and in a position to start inching your way back to a more normal way of life.  If you have questions about what’s going on around our area, please feel free to call me at 850-227-5197 or drop a note to sherri@sherridodsworth.com.  Stay healthy and safe, and thanks so much for taking time to stop by today.  Hope to see you back 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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Apr 25 2020

Cape San Blas Real Estate Week in Review – April 18-24, 2020

Published by under Cape San Blas

After two back-to-back weeks with no virtually no sales activity, we finally saw some action this week, closing four sales and writing up three new contracts.  Sellers added four new listings, but only made one price change. Our inventory grew by seven, closing the week at 307, with 92 homes and 215 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market. Let’s take a look at what’s moving.

The first two of our four sales are located in Barrier Dunes on the north end of the Cape, starting with this 2-bedroom,  2 1/2-bath, 1,344 square foot townhouse on Sabal Cir. listed for $342,500. It is still in need of some post-Michael repairs and some general fixing up. The seller bought it in 2014 for $250,000 and let it go this week to a cash buyer for $290,000.

On nearby Barrier Dunes Drive the second townhouse sale is a 2-bedroom, 2-bath, 1,209 square foot home back by the tennis courts listed for $317,000. This one has a nice custom screened porch. The sellers bought it in 2012 for $138,000, fixed it up and sold it for $303,000.

Our next two sales are down on the south side of the Cape, starting in San Blas Plantation, with this newly-listed 3-bedroom, 3-bath, 2,132 square foot gulf view home with an asking price of $574,900.  The sellers bought the lot in early 2015 for $58,000, built the house that same year, and sold it on Wednesday for $569,000.

Our fourth and final sale is about a mile down the road on Florida Avenue in Boardwalk, where new owners took title to this 4-bedroom, 3-bath home with 2,241 square feet under heat and air and an impressive 3,958 square feet total with all of its screened and open porches and sun deck. It has plenty of parking with space for the boat and inside features an elevator. The sellers bought the lot in 2014 for $52,000, built the home in 2016, and sold it on Tuesday for $585,000. Furnishings were not included in this sale.

Now on to our three new contracts, starting on Aruba Drive in Cape Sands Landing with this 3-bedroom, 2.5 bath, 1600 square foot gulf view unit in a duplex that went under contract with a list price of $499,000.This is such a cue 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.

We’re heading on over to Indian Pass for our other two contracts, starting with this first tier, gulf view lot in Indian Summer listed for $114,900. This is a pretty little quiet neighborhood tucked away off the beaten path, with oyster shell roads and a gulf front community pool. The seller bought this lot as an investment property in early early 2018 for $50,000.

And our third contract is out towards the end of the peninsula in Indian Pass Beach subdivision where some fixer-upper types saw their next project and put this little challenge under contract.  It’s a circa-1987, 3-bedroom, 1-bath, 640 square foot cottage with a nice, large porch.  It still has storm damage, so needs a lot of TLC.  The seller apparently bought it on March 20 of this year and put it back on the market that same day asking $139,900.  This will be an interesting one to watch.

That does it for today.  Good to see things are picking back up. Hopefully this virus will start winding down over the next few weeks as the weather gets warmer and more humid.  I appreciate your spending time here today, and hope to see you back soon. If you have any real estate questions. I’m available at 850-227-5197 or drop a note to sherri@sherridodsworth.com. Have a great week, and stay healthy and safe.

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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Apr 18 2020

Cape San Blas Real Estate Week in Review – April 11-17, 2020

Published by under Cape San Blas

With the continuing state ban on short-term rentals, we had another quiet week around the Cape.  Although people are still calling and emailing for information on various properties, without being able to actually see them they’re not submitting many offers. This is the second week in a row that we have had no closings or new contracts come in.  Sellers added seventeen new listings, twelve of which are lots in a new RV park over near Presnell’s boat ramp, and changed prices on three others.   With that new subdivision coming online, our inventory grew by nine, closing the week at 300 with 96 homes and 204 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

And that does it for today.  Hopefully Governor DeSantis will soon start a rolling reopening of the state so business and commerce can get back up and running again.  I hope you and your family are well and finding ways to stay engaged.  I appreciate your stopping by today and hope to see you back again next week when maybe we’ll have more to write about.

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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Apr 10 2020

Cape San Blas Real Estate Week in Review – April 4-10, 2020

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I am happy as can be to be back with a weekly update for you, appreciate your being here to read it and for the many kind and encouraging emails so many of you sent during my absence. You deserve an explanation for that absence. On March 10, my husband injured his back, severely compressing his spinal nerve in two places, and within a 3 day period this normally fit and active man was totally bedridden requiring near constant care and in non-relenting excruciating pain. Twice his spinal surgeon had him scheduled for surgery that would totally relieve his pain and return him to normal, but twice those surgeries were cancelled because of state and hospital Covid 19 policies.  Finally, Tuesday before last, he was approved for the surgery and I’m happy to report he is recovering well with full mobility and pain free.  To say this has been a long, stressful month would certainly be an understatement, but it is behind us now and our lives returning to normal, if the current state of Covid restrictions can be considered “normal”!

I sincerely hope you and your family are holding up ok through all of this. It’s hard to find the words to describe what we’re all facing right now.  Lives are filled with uncertainty as millions of people work from home, schools are closed, and once customary practices and personal interactions are no longer considered safe.  Like you, I am evaluating personally and as a collective what this all means long and short term.  In these unprecedented times, I want to keep you informed and up to date.  As you are only too well aware, the response to this virus has turned everything upside down. I am working full time to market properties, but expect activity to be very slow for a while since our typical buyers cannot travel to our area to view properties.

Governor DeSantis has issued a Stay at Home Mandate for all non-essential businesses through April 30. Our beaches remain closed, short-term rentals are banned, and restaurants open for take-out orders only.  Real estate and settlement services are deemed by the state to be essential businesses, so while our offices are closed to the public for the safety of our agents and staff, I am still meeting with a few clients and showing property while taking the necessary precautions as outlined by the CDC (Center for Disease Control).

I’m assuming our market is going to be very slow until this virus eases off and restrictions are lifted. Some property owners are beginning to feel the pinch.  New listings will hit the market and some sellers may want to cut their price.  I want to discourage you from dropping prices during this, as industry reports I’m reading indicate the expectation is for the market to resume again from this point and move forward.  There will likely be much pent-up demand. Once we get totally past this virus then I anticipate market conditions to improve greatly. Like you, I am uncertain how long this may last.

For this past week, as expected, we had no closings or new contracts; sellers added seven new listings  and changed prices on six others. In my last market update on March 6, our inventory stood at 296, with 90 homes and 206 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Today our total is 304, with 96 homes and 208 lots.

So that wraps up where we are for now.  I’m so happy to be back, and hope you will continue to return to read as well.  If you’re interested in knowing what’s going on around the Cape, have interest in a particular property, or wondering what your property market value might be, fell free to call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com.  Hang in there. We made it through Michael, we will make it through this. 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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Mar 21 2020

Where Is My Weekly Update???

Published by under Cape San Blas

I imagine you are all wondering where your Saturday morning updates have been these past two weeks, and I apologize for not having posted an update earlier. I have been dealing with a non-Corona Virus related family health crisis which has required a lot of my time and attention, so I have had to reprioritize my work schedule to ensure I can adequately address the needs of my current client base in my day to day real estate business. Since each blog post typically takes 6 to 8 hours to write, I need to allocate that time to to devote to existing clients for the time being. So until this family situation is resolved, I will be taking a leave of absence from posting, hopefully to return within 2 to 3 weeks.

Please know that I make this decision most reluctantly as I love communicating with all of you and hate not being able to provide your weekly updates that you tell me you look forward to each Saturday morning. Stay safe and well during these crazy times. We’ll get through this together.

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Mar 06 2020

Cape San Blas Real Estate Week in Review – Feb. 29 – Mar. 6, 2020

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For Sale Sold Sign  Winter is winding down, Spring Break is warming up, and students slowly started showing up this week in search of some well-deserved rest and relaxation. Our market didn’t take a break, closing four sales and writing up three new contracts. Sellers added twelve new listings and changed prices on seven others. Not surprising with all those new listings that our inventory swelled by six, closing the week at 296, with 90 homes and 206 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Let’s see what buyers have been attracted to.

We’ll begin our review of this week’s four sales on the north end of the Cape in Barrier Dunes where in mid-January sellers accepted an offer on their 2-bedroom, 2-bath, 1,344 square foot townhouse on Parkside.  This comfortable end unit has been configured with a screened in porch.  It sustained damage from Hurricane Michael but all repairs have since been completed. The owners purchased the unit in 2016 for $220,000, had it listed for $329,000, and sold it for $310,000.

Our second sale is this 4-bedroom, 2-1/2-bath gulf front home on Sugarloaf Lane, a street about mid-way between Scallop Cove and The Trading Post. It was built in 2004 on a 50′ wide lot and last sold in late 2013 for $525,000. The sellers totally renovated it, added new furnishings and appliances and had it listed for $975,000. On Friday, the happy new owners picked up the keys at closing for $900,000.

Down on the south side of the Cape in Jubilation, buyers took title to 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, had it listed for $1,199,000, and sold it on Thursday for for $1.15M cash.

Our fourth and final sale is down on the south side of the Cape on Mercury Lane in Surfside Estates where the parties went to the closing table for this 50′ by 234′, 0.27-acre first tier lot. The sellers bought it in 1998 for $113,000 and had it under contract with a list price of $99,500. There is deeded gulf access, and an HOA with a $2,000 new owner buy-in fee. That buy-in fee is a fairly recent trend pretty much unheard of not too many years ago. I think Ashwood Development of Jubilation and Ovation fame may have introduced the concept back in the mid 2000’s. Once other HOAs heard of it, it spread like wild-fire and now is a fairly common practice. It sold on Friday for $95,700 with conventional financing.

Now on to our three new contracts kicking off with this irregularly-shaped, 0.12-acre bayside second tier lot in Ovation listed for $47,000.The sellers bought it in late 2013 for $52,500, quite a bargain compared to the $285,000 it sold for in 2004 for $245,000.

Down on the south side of the Cape in Dunes Club, the parties shook hands over this 3-bedroom, 2-bath, 1,176-square foot gulf front condo listed for $389,000. Interesting sales history on this one. In January 2004 it sold for $335,000, and just 18 months later in July 2005 it went for $620,000, not unusual during that period.

We’ll leave the Cape for the first time today to wrap things up with this second-tier, gulf-view lot out along C-30 just a short distance from Indian Pass Raw Bar. The sellers bought the 50′ by 370′, nearly half-acre lot in mid-2004 for $245,000, and have it listed for $69,900.

All along the Forgotten Coast this week the horrific tornadoes that struck Nashville hit close to home as photos of the devastation and news of the death toll that emerged felt frighteningly familiar.  We have a lot of folks from Tennessee who consider our area their home away from home so Tennesseans, please know you are in our thoughts and prayers, and please let us know how we can return the favor of all the love you showed us after Michael.

Demand here locally is crazy strong especially for homes or vacation rentals, so if you’re considering selling, let me know and I’ll be glad to help you determine what your current market value may be.  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, thanks so much for stopping by today, and 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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Feb 29 2020

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

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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.

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

Feb 23 2020

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

Published by under Cape San Blas

   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.

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

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