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Cape San Blas Real Estate Market Week in Review - Jan. 3-9, 2009

Published on January 10, 2009 by Sherri Dodsworth under Beach Renourishment, Cape San Blas, Foreclosures/Short Sales, Forgotten Coast, Indian Pass, Mexico Beach, Port St. Joe, Real Estate

Wasn’t it good to get back to the normal routine this week and finally have the holidays over and done with? I’m glad to return to focusing my full attention on my real estate business with renewed vigor. The first week of this new year brought us eight new listings and twenty new price tags, and that’s it. No new contracts and no closings. We also had a number of sellers renew listings, so our inventory is back up a bit, with 365 MLS listings in the Cape San Blas, Indian Pass and C-30 market, up twelve from last week’s 353, with 148 homes and 217 lots. Looks as if there were a lot of folks who put “Sell that property” on their resolutions list.

My pick of the week from our eight new listings is something fun and different – how about a bay front lot on the Cape, complete with dock, for only $120,000?

What’s the catch? Because the lot is only roughly 50 feet deep, you couldn’t meet the septic setbacks from the bay and so it was basically deemed unbuildable. With the advent of sewer out here, though, that may no longer be the case. This is currently being investigated. If you’d like to have your own private dock on the bay, this is worth looking into. Here’s an aerial view:

By the way, the sellers put several other properties on the market this week. According to the tax records, they purchased this piece in 1999 for $19,500.

Turning now to our twenty price changes, where my pick of the week is this first tier gulf lot with gorgeous views and an equally gorgeous new price of only $199,000, less than the $200,000 the sellers paid for it in 2002.

Here’s what the MLS copy says:

Beautiful 1st tier lot only steps from the beach. This superb building lot sits high offering great gulf views, is dry, is the largest 1st tier lot in the sub-division and is in the “X” flood zone. “Curve at the Cape”, is a gated community with paved roads, underground utilities, well planned landscaping mixed with a healthy abundance of natural vegetation providing tranquility at its best. There are two walkovers for easy access to a beautiful, secluded, beach. There is great shelling on this large beach, or get your kayak and/or canoe ready for a day of fun. At this price you can have your dream retreat come true.

You can see just how close to the beach this is:

That didn’t take long, did it? Give me a call on my cell at 850-227-5197 or shoot me an email to sherri@sherridodsworth if you’re interested in finding out more about any of these properties, or if you’re thinking of selling. I’ll be glad to help you either way. Hope you have a great week and as always, thanks for stopping by today.

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