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Cape San Blas Real Estate Week in Review - Nov. 24-30, 2012

Published on November 30, 2012 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignThe Thanksgiving week visitors have gone, so there have been far fewer people around the Cape since last Saturday, but we still had a good week, especially for this time of year when things typically start slowing down a bit. We closed three sales and wrote up three new contracts, added eight new listings, and entered eight price changes. Our inventory inched upward once again, closing at 292, with 89 homes and 203 lots for sale in the Cape San Blas, Indian Pass and C-30 Corridor Market. Let’s take a look at what’s moving off the shelves.

Cape San Blas Gulf View Townhouse Under Contract Oct. 2012 with List Price of $199,000

We’ll begin our review of this week’s three sales where we so frequently do, up by the state park in Barrier Dunes where this 2-bedroom, 2-bath, 1,216 square foot townhome went under contract in early October with a list price of $199,000. The owners bought it in mid-2003 for $242,500 and put it on the market three years later in early 2006 asking $395,000 but weren’t able to attract a buyer at that price. On Wednesday my happy buyers picked up the keys at closing for $180,000.

Cape San Blas Gulf Front Home Under Contract Oct. 2012 with List Price of $599,000

About a mile further south down Cape San Blas Road our second sale is this lovely 3-bedroom, 3-bath, 2,260 square foot gulf front home on Acklins Drive. The sellers bought the lot in 2004 for $700,000 and built the home in 2009. In early October it went under contract with a list price of $599,000, and on Friday they closed for $565,000.

Bank-Owned Gulf Pines First Tier Home Sold Nov. 27, 2012 for $168,900

Our third sale takes us out along the C-30 Corridor to Gulf Pines where this bank-owned 3-bedroom, 2-bath, 1,248 square foot first tier home went under contract in mid-October with a list price of $177,500. The previous owners paid $725,000 for it in 2005. Someone did a lot better than that on Tuesday when they claimed it for their own for only $168,900 cash.

Cape San Blas Gulf Front Lot Under Contract Nov. 2012 with List Price of $299,000

The first of our three new contracts is a gulf front lot on Windward Street in the Cape Breezes subdivision which is adjacent to the southern edge of Ovation.

Cape San Blas First Tier Home Under Contract Nov. 30, 2012 with List Price of $399,000

Our second new contract takes us about a mile further down the road to Belize Drive where this 4-bedroom, 4-bath, 1,824-square foot first tier home went under contract Friday with a list price of $399,000. The sellers bought it inthe spring of 2003 for $460,000, and listed it this April initially asking $449,000.

First Tier Home in Gulf Pines Near Cape San Blas Under Contract May 15, 2012 with List Price of $299,000

We’ll travel back over to Gulf Pines for our third contract which is on a modest 3-bedroom, 2 1/2-bath, 1,456 square foot first tier home listed for $294,000, $5,900 less than the sellers paid for it in September 2001. First tier homes along this stretch have awesome gulf views. Another nice thing about Gulf Pines is that it is a FEMA eligible area. The county has it valued at $170,038.

That’s a wrap for this week. Good to see property is still moving at a nice pace this late in the season. If you have been thinking of buying or selling property along Florida’s Forgotten Coast, I can help. Call or text me at 850-227-5197 or shoot me an email to [email protected] . Have a great week and thanks so much for taking time to stop by today.

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