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Cape San Blas Real Estate Week in Review - Dec. 6-12, 2008

Published on December 13, 2008 by Sherri Dodsworth under Beach Renourishment, Cape San Blas, FEMA, Foreclosures/Short Sales, Forgotten Coast, Indian Pass, Port St. Joe, Real Estate

For Sale and Sold New Thoughts of shopping fill the air as we draw another week closer to Christmas and Hannukah, and we had a few shoppers decide to pick up a little piece of paradise for some lucky person on their list. Virtually no change in our inventory, standing steady at 378, down one from last week, with 156 homes and 222 lots in the Cape San Blas, Indian Pass and C-30 Corridor market. Once again, no closings this week, but we do have five new listings, an even dozen price changes, two new contracts, and five expired unsold.

Our two new contracts are on a home in Money Bayou and a lagoon front lot at Indian Pass. Let’s start with the home.

Money Bayou Home Under Contract week of Dec.6-13, 2008 This is a gulf first tier single family 2-bedroom, 1-bath, 1,224 square foot home with gorgeous views throughout of both the gulf and Money Bayou. Although it’s located in our market, it’s listed in the Bay County MLS, and is a Fanny Mae owned bank foreclosure with a list price of $375,250.

Lagoon Front Lot on Indian Pass Under Contract Week of Dec. 6-12, 2008Our second contract is on this lagoon front lot in the Mystic Palms subdivision near the point on Indian Pass. Assessed by the county for $250,000, it is listed for sale for only $225,000, so it’ll be interesting to see what it actually closes for. There are contingencies to be met so no indication as to

when it might be scheduled to close.

Gulf Front lot at Two Palms Only $499,000

My new listing pick of the week from among our five new listings is this priced-to-sell-NOW 51′ wide, 0.64 acre gulf front lot at Two Palms on the Cape for only $499,000. Here’s how the MLS notes describe it:

If you are looking for a deal on a gulf front, don’t let this one pass you by. The owner says SELL and at $499K, this beautiful .64 acre gulf front lot is priced to sell! Located in prestigious Two Palms subdivision, the beaches are wide, gorgeous and secluded plus the owners have dedicated beach access via private boardwalks. The owners in Two Palms have maintained an abundance of natural vegetation to allow each home to enjoy its privacy as well as the views. The homes already built in Two Palms are executive type homes so the value of your property is protected. This is the gulf front deal you have been waiting on!

The beach at Two Palms is wide and secluded, as shown in these two views:

Beach View at Two Palms

Another View of the Beach at Two Palms

As for our twelve new price tags, my pick of the week easily goes to this gorgeous bay front home on the Cape originally listed in April for $979,000, and re-priced this week to sell immediately at only $499,000, less than what until recently you would hope to pick up the lot alone for. This is no fixer-upper, either – it is a waterfront showplace anyone would be proud to call their own. It even has an inground pool, with one of the best poolside views on the Cape. Check it out.

View of Both the Bay and the Pool

Here’s the scopp from the MLS notes:

BAY FRONT – PRICE REDUCED!! All modern decor inside this house with your very own private waterfront pool. Almost 70′ of bay frontage with a panoramic view looking over St. Joe Bay with Cape San Blas on one side and Port St. Joe on the other. Built in bookcases, vaulted ceiling, elevator, fireplace, recessed lighting, and the latest in kitchen appliances are just some of the great aspects to this home. Launch your kayak in your backyard and go fishing, scalloping, or snorkeling for the day.

Here’s a shot of the exterior:

Bay Front Home on the Cape Now Only $499,000

That does it for this week’s market wrap up. Give me a call toll free at 877-512-9366 or shoot me an email to [email protected] to find out more about these properties or to explore what your property might bring in today’s market. I love hearing from my readers so just stop in to say hello. Thanks for stopping by today.

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