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Cape San Blas Real Estate Week In Review - Mar. 14-20, 2009

Published on March 22, 2009 by Sherri Dodsworth under Cape San Blas, FEMA, Foreclosures/Short Sales, Forgotten Coast, Indian Pass, Mexico Beach, Port St. Joe

Lots of activity around the Cape this week as spring arrives and with it kids on break from school. Average activity in real estate, with bargain hunters continuing to roam the area sniffing for killer deals. We ended up this week with one sale, one new contract, ten new listings, twelve new price tags, and 13 expired unsold. Magically, with all these numbers, our inventory remains unchanged from last week at an even 390 active MLS listings in the Cape San Blas, Indian Pass and C-30 Corridor market, with 150 homes and 340 lots.

Cape San Blas First Tier Home Under Contract

Our solo sale of the week is this gulf first tier 4-bedroom, 3 1/2-bath, 2,097 square foot home located just outside the state park. According to the tax rolls, the seller paid $755,000 for it in November 2004. The county has it assessed at $395,930; list price is $599,000, and it has been on the market since February 2007 when it originally listed for $875,000. It sold on Friday for $575,000.

Seagrass Lot Under Contract March 19, 2009

Our new contract is on a gulf first tier lot in Seagrass on the Cape and I am so glad to see all this recent activity on lots. As you can see in the photo, this one has an awesome gulf view, and because of pending changes in the CCCL there is some question as to whether the gulf front lot seaward of it is permitable for building. It appears unlikely. This lot’s only been on the market for two weeks so someone has jumped on it right out of the gate. Listed for $375,000, it is projected to close by April 17.

Since we didn’t have anything enticing enough to warrant a pick of the week last week from that new crop of listings, I’m going to go with two this week as there are a couple of lots among our ten new offerings that I like.

Cape San Blas Gulf Front Lot Only $469,000

First up is a gulf front lot for $439,000 on the Cape which, in the interest of full disclosure, is my listing. This is a property for which beach restoration has provided a new lease on life. It is 100 feet wide and the seller has worked out with DEP permittable plans for a 2000+ square foot home with roughly a 50 foot wide footprint. Great location close to Scallop Cove.

Bay Front Lot For Only $235,000

My other pick is a 50 foot wide and 750+ feet deep bayfront lot next to Scallop Cove listed for a very attractive $235,000. The property is cleared, pretty level and has buildable X zone area on it. It is located at the southernmost tip of Pig Island for easy bay access to some of the best areas for scalloping.

Gulf Front Lot for Only $249,000 You’re going to love my pick of the week from our twelve new price tags; how about a gulf front lot for only $249,000? Wow! Located in the gated subdivision of Curve at the Cape on C-30, it just doesn’t get much better than this. Better move quickly – someone’s bound to snap this up soon. Calle me at 850-227-7891, ext. 109 or email me if you want that someone to be you.

That’s a wrap for this week – let me know if you want info on these or other properties. Also, if you’re considering selling soon, call me this week because we are meeting on Friday to plan our print marketing plan for the summer quarter and if we list your property soon we’ll be able to promote you in that mix. Summer’s the best time for sales so let’s talk.

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