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Cape San Blas Real Estate Week in Review - Dec. 18-24, 2010

Published on December 25, 2010 by Sherri Dodsworth under Cape San Blas

For Sale and Sold SignSanta visited the Forgotten Coast while making his rounds this week and brought two lucky people a place at the beach to call their own. One savvy shopper put a contract on a prime gulf front lot, three people listed their properties for sale, and seven sellers went for a pre-Christmas mark-down. With all that, our inventory remains virtually unchanged, down only one from last week at 341, with 124 homes and 207 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Secluded Dunes Gulf Front Lot Sold December 2010 for $225,000

The first of our two sales is this gorgeous gulf front lot up at Secluded Dunes in the northern part of the Cape by the state park. I’m surprised this one wasn’t listed as a short sale since the sellers paid$1,362,500 for it in early 2005 and had it listed for just $259,000. Sadly (for them) all they could get for it at closing this week was $225,000, but that’s at least better than the $177,000 the county thought it was worth. Strange times.

Barrier Dunes Interior Townhouse Sold December 2010 for $200,000

Our second sale is far less dramatic and has a happier ending for the sellers. It’s an interior 2-bedroom, 2 1/2 bath, 1,369 square foot townhouse at Barrier dunes listed for $223,900. The sellers have owned it since 2001 when they bought it for $181,500, which is above the county’s current assessed value of $154,943. I’ve shown this home a number of times and it’s in excellent condition with a floorplan that’s a bit wider than other Barrier Dunes units. It’s located on a pond, and despite its being located back from the beach, it offers a surprisingly good view of the gulf from the upstairs master suite. Somebody got a good deal on Monday when they picked up the keys at closing for an even $200,000.

Bank-Owned Gulf Front Lot Under Contract December 20, 2010

Our solo new contract is this gulf front lot on Sweetwater Drive in Money Bayou which went under contract before it was even put in the MLS. I had a buyer who had wanted a good deal on a gulf front lot here so when I heard it was about to go on the market I called my buyer, we put an offer together, and the bank signed off on it. We’re scheduled to close by New Years Eve. The bank was asking $250,000 for it.

Bay Front Home on St. Joe Bay Only  $168,300 If you’re looking for a comfortable home on the coast at a reasonable price you might want to consider my New Listing Pick of the Week, a bank-owned bay front home on C-30 which they’ve just listed for the very attractive price of just $168,300, way below the county’s asessed value of $246,840. It’s a 3-bedroom, 2 1/2 bath, 2,283 square foot home built in 2002. With the assessed value of the lot being at $50,000, the list price equates to roughly $52 per square foot so this is being aggressivley priced.

That does it for his week. If you’re toying with the idea of buying or selling real estate in the coming year, give me a call on my cell at 850-227-5197 ar send me an email to [email protected] and I’ll be glad to help you out. I hope you’re enjoying a celebration with family and friends. I appreciate your taking time out of your busy holiday schedule to stop by today. Have a very Merry Christmas.

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