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Cape San Blas Real Estate Week in Review - Feb. 25-Mar. 2, 2012

Published on March 3, 2012 by Sherri Dodsworth under Barrier Dunes, Beach Renourishment, Cape San Blas, FEMA, Foreclosures/Short Sales, Forgotten Coast, Indian Pass, Port St. Joe

For Sale and Sold SignYour calendar may still say winter but mine says today is the official first day of Spring as my beloved Atlanta Braves take to the field for the first time in Spring Training Grapefruit League play in sunny Central Florida. We also had a good number of players step up to the plate locally as we scored two sales and penned one new contract, entered seven new listings and shaved nine prices. The week ends up 7 from last week closing at 387, with 94 homes and 293 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Cape San Blas Home in Jubilation Under Contract Jan. 18, 2012 as Short Sale with List Price of $449,000 Both of our sales are homes on the south side of the Cape, beginning with this 4-bedroom home in Jubilation. It’s a 2,574 square foot Florida cracker-style home built in 2006 which went under contract as a short sale with a list price of $449,000, the sellers having paid $750,300 for it in late 2008. The county has it valued at $306,964, way below the $429,000 it closed for this week.

Bank-Owned Cape San Blas Condo Sold Feb 2012 for $190,000

We’ll head just a few blocks down Cape San Blas Road to The Club at Cape San Blas for our other sale, a bank-owned 3-bedroom, 2 1/2-bath, 1,620 square foot condo which last sold in April 2005 for $469,900. Currently assessed at $240,876, it went under contract with a list price of $210,900, and closed this week for $190,000.

Cape San Blas Gulf View Home Under Contract Feb. 28, 2012 with Lit Price of $319,000

Our one new contract is also on the Cape, this one about a half mile north of Scallop Cove on Davies Drive. It’s a 3-bedroom, 2 1/2 bath, 1,680 square foot gulf view home listed for $319,000, pretty close to the $350,000 the sellers paid for the lot alone in June 2005. Even so, it’s not listed as a short sale. The county has it pegged at $240,347. Curious to see what this one closes for.

That does it for this week. Homes seem to be where the action has been lately as that inventory has been decining quickly while the number of available lots grows. So if you’re in the market for a good deal on a home, you need to consider getting into the game. A lot of the super-steal deals have already closed so don’t miss out on some of the remaining values. If you’d like info on buying or selling, call or text me at 850-227-5197 or shoot me an email to [email protected] . Have a terrific week, and thanks so much for taking time to stop by today.

6 Comments on 'Cape San Blas Real Estate Week in Review – Feb. 25-Mar. 2, 2012':

Stan Flahaut on 04/25/15:

Great info thanks!

Sherri Dodsworth on 04/25/15:

That's water and sewer. It has typically always included thrice weekly trash pick-up as well but I need to verify that they haven't changed that. To me it's almost like a convenience fee for them to take care of a number of small monthly bills you'd have to pay yourself anyhow.

Stan Flahaut on 04/25/15:

Thank you for the update but that still isn't bad for an HOA for the caliber of facilities they provide. Sewer is listed too. Is that water and sewer included or just sewer. How about garbage collection?

Sherri Dodsworth on 04/25/15:

That would be a good deal! My error - I did a copy and paste of what the HOA fee includes from MLS notes of an active listing and totally missed that error. I've notified the agent so it can be corrected. Owners pay their own power bills, but the rest is correct. I apologize for the confusion. Thanks for the heads up.

Stan Flahaut on 04/25/15:

Thank you Sherri, That is great information! $280 for HOA including electricity is a great deal. Is there an excess usage charge for electricity above a maximum KWH ?

Stan Flahaut on 04/19/15:

Sherri, We are in the early stages of investigation toward purchasing property on the cape. As a jumping off point could you tell me what average annual taxes are for a condo in Barrier Dunes? What is the monthly HOA fee? Stan Flahaut Fort Worth, TX

1 replies:

Sherri Dodsworth on 04/23/15:

For a back-of-the-envelope rough estimate on taxes, figure around $1,500 for interior units up to around $3,000 for a gulf front. Currently the HOA fees are $280 per month which covers Accounting, Cable TV, Electricity, Ground Keeping, Outdoor Lights, monthly Pest Control, Recreational Facilities, and Sewer.

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