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Cape San Blas Real Estate Week In Review - May 17-23, 2008

Published on May 25, 2008 by Sherri Dodsworth under Cape San Blas, Forgotten Coast, Port St. Joe, Real Estate

The lazy, hazy days of summer arrived right on schedule this Memorial Day weekend here on the Cape with gorgeous weather, mid to high 80’s but with a steady, cooling breeze and lower than normal humidity at 68%. After taking a play day off yesterday I’m ready to get back to work to see how the local market heated up this week as well.

Our inventory remains virtually unchanged up only 1 to 467 (one more house than last week) with 175 homes and 292 lots. Two new contracts and one sold, so that’s always good to see. We have seven new listings, eleven price changes and five expired unsold.

Capw San Blas Gulf View Lot nder Contract May 16, 2008

Our one sale was the lot in Sunset Pointe that went under contract just a week ago Friday on May 16. I think everyone did well here. The sellers bought it in February 2004 for $309K, listed it for $339K, and sold it this week for $316K cash. Sunset Pointe is a nicer-than-most gated subdivision up by the park and this was a second tier lot.

Our two new contracts are both homes, one a single family detached in Sea Grass and the other a Barrier Dunes townhouse.

Second Tier Home Under Contract Week of May 17-23, 2008

The second-tier gulf view home in Seagrass was originally listed by the builder in September
2005 for $1,099,000, and when it went under contract this week they had incrementally reduced it all the way down to $789,000. It’ll be ineresting to see what they finally accepted for this 3200 square foot, 4-bedroom, 3-bath home.

Barrier Dunes Townhome Under Contract Week of May 17-23, 2008 This 1888 square foot, 3-bedroom, 3 1/2-bath Barrier Dunes townhome was has good gulf views and a decent rental history. The sellers are the original owners having bought it in late 2000 for $180,000, had it listed for $419,900, so they should do fine. Both contracts have contingencies to be met so no info as to when they are scheduled to close.

In this week’s eleven new prices there’s only one that really catches my attention and that’s a gulf front townhome on C-30 reduced to only $299,900. Check out the view from the balcony off the master bedroom:

Gulf Front Townhome Now Only $299,900

That’s a great view for a great price. Here’s what the MLS notes say:

PRICED TO BUY TODAY!!! Looking for that perfect vacation/retirement home? See this beach front corner unit townhouse in a 12 unit community. Just steps from the pool and a wide, white sandy beach. This 2 BR, 2 1/2 BA offers great views of the Gulf from the upper and lower screened porches. Home Owner’s Association dues INCLUDE FEMA flood insurance, trash pick up, and maintenance (that covers grounds, pool, and pest treatment once a month). Kitchen and floors updated. Ready to move in or keep on rental program.

Never thought I’d see gulf front lots let alone a gulf front home for anywhere near $299,900 again. Somebody’s going to get a terrific new vacation home.

That about wraps it up for this week’s review. Thanks for stopping by today. If you’d like more info on these or any other properties, just shoot me an email to [email protected] or call me on my cell at 850-227-5197. Have a great holiday weekend and don’t forget to take at least a few moments to remember those who gave their all to give us our freedom.

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