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Cape San Blas Real Estate Week In Review - August 2-8, 2008

Published on August 9, 2008 by Sherri Dodsworth under Cape San Blas, FEMA, Forgotten Coast, Indian Pass, Port St. Joe, Real Estate

For Sale and Sold New The kids started heading back to school this week in North Florida and Georgia so it was a bit quieter around here with a noticeable dip in the amount of visitors out and about. Quieter on the market side as well, with only one sale and no new contracts, twelve new listings, nine new price tags, and eleven expired unsold. Small up-tick in the inventory, coming in with three more lots this week, 277 lots and 178 homes, for a total inventory of 455 MLS active listings between Cape San Blas, Indian Pass and the C-30 Corridor.

Gorgeous Gulf Front Home on Cape San Blas Under Contract April 4, 2008 Our solo sale of the week is this first tier home over on Haven Road on the Cape which was moved onto it’s current location when it sold just a few weeks ago as a gulf-front home on a lot subsequently subdivided into four lots. It was listed at $745,000 on April 30 with the promise of a $20,000 bonus to the broker whose office submitted an acceptable contract within 15 days of 5-23-08. It didn’t go under contract until June 27 so I’m not sure if they paid that or not. Anyhow, it closed on Monday for $720,000. Really no way of knowing how well the developer/owner who sold this did dollarwise since there are so many unknowns regarding how much capital they have tied up in the entire process so we’ll just say kudos for moving a newly acquired property so swiftly.

Sorry, but for the second week in a row I’m just not seeing anything among the twelve new listings that makes me tingly all over. I guess its still taking sellers a while to really get serious about selling in this buyer’s market.

Pick of the Week for August 9, 2008Even among the nine price changes I have to say I’m not seeing anything extraordinary, but if I had to pick one property that looks like a lot of bang for the buck, I’d have to go with this first tier gulf home on Rachel Lane on Cape San Blas which comes in this week at $650,000 down from $699,000, and well below the $769,000 the owners paid for it back in 2004. Sounds like they’re getting pretty serious about selling. Here’s what they have to say about their pretty 3-bedroom, 3-bath, 1700+ square foot coastal get-away:

. . . spectacular views of Bay sunrises & Gulf sunsets. Large open house professionally decorated, very casual and comfortable. Nice size rooms with very high ceilings. Kitchen has cherry cabinets & stainless steel appliances. Ceramic tile & Berber carpet throughout. Separate laundry room. Enjoy your favorite beverage on four private decks all with great views. Ground level deck with picnic table and grill. Hot/cold large walk-in outdoor shower. Nicely landscaped with sprinkling system fed by well. Additional outside room, could be office space or just additional storage. Steps from the beach make this a great family home and rental. Deeded Beach & Bay Access. “X” flood zone, no flood insurance needed.

That about wraps it up for this week. If you’d like more info on these or any other properties along the Forgotten Coast, please give me a call toll free at 877-512-9366, ext. 109, (locally 227-7891) or shoot me an email to [email protected] . I love hearing from my readers.

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