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Cape San Blas Real Estate Week in Review - Nov. 8-14, 2008

Published on November 15, 2008 by Sherri Dodsworth under Cape San Blas, Foreclosures/Short Sales, Forgotten Coast, Mexico Beach, Port St. Joe, Real Estate

Another week of beautiful autumn weather here on the Cape with warm days, calm waves, and clear, deserted beaches. Not a lot of visitors this time of year, and typically real estate activity begins to quiet as we head into the holiday season, but this week we had a definite up-tick in interest. No closings, but we do have four new contracts, twenty new listings (mostly one subdivision), eighteen price changes, and nine expired unsold. Unfortunately our inventory of active listings in Cape San Blas, C-30 Corridor and Indian Pass also grew by almost 3%, jumping from 380 to 391, with 163 homes (vs. 158) and 228 lots (vs. 222).

Our four new contracts consist of 3 homes and one lot, all on Cape San Blas, and since one home and lot appear to be a package deal, we’ll start there.

This roughly 3,000 square foot, 4-bedroom, 3 1/2 bath gulf front lovely is located in the shopping district across the street from Scallop Cove BP. It’s a fairly new place having been built in 2004. I understand it’s supposed to close fairly quickly. These same owners also had the 1st tier lot listed for a parcel that would stretch from the road to the Gulf and since it went under contract the same day I think it’s safe to assume one buyer took them both. Here’s a view of both taken from Cape San Blas Road.

List price for the house was $849,000 and for the lot $399,000 so I’ll be very interested to see what sort of a package deal was negotiated.

At the opposite end of the size spectrum, our next contract is on this 520 square foot cottage on Jamaica Drive behind The Tradin’ Post. (I guess our buyers this week all wanted to be in “the shopping district”). This one is likely to have some ouch factor when it closes since it was listed for $149,900 even though the sellers paid $185,000 for it in May 2005.

Our fourth and final new contract this week was on this 2-bedroom, 2 1/2 bath gulf view end-unit townhouse at Barrier Dunes with a situation very similar to the little cottage above in that the property is listed for $370,000, well below the $575,000 the sellers paid for it in mid-2005.

Of our twenty new listings, ten are lots located up at Sea Cliffs, just outside the state park, and my pick of the week is also at Sea Cliffs, a 2,000 square foot, 4-bedroom, 4 1/2 bath furnished townhome with terrific views and a terrific price of only $419,000. Check out this view of the gulf and pool from the spacious deck off the living area of this home.

I love the layout with the first two levels each having a master suite and a bedroom, and then the living area is on the top level providing those great panoramic views. Don’t worry – there’s also an elevator. As an added bonus it is being sold completely furnished and ready to enjoy. Just pick up the keys at closing and head to the beach.

I have two picks of the week from our eighteen price changes, two side-by-side gulf front homes at Indian Pass which originally came on the market at $1,395,000 each, have been whittling their way downward ever since, coming in this week with new price tags reading just $750,000 each. Whoa. These are gorgeous homes, new contruction (2007), and being sold fully furnished. Each has 4 bedrooms, 3 1/2 baths, and 3,000+ square feet of living area. How long would it take you to get used to this view of the beach from the deck?

If you’ve been wondering what to get that certain special someone for Christmas this year, give me a call and we’ll write up the paperwork for Santa to make you a hero.

Speaking of beaches, its time to wrap this up and get on over there to enjoy this beautiful sunny autumn day. Give me a call at 850-227-7891 or send me an email to [email protected] if you’d like more info on these or other properties, or if you’re thinking of selling. Thanks for stopping by and I hope to hear from you soon.

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