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Cape San Blas Real Estate Week in Review - July 20-26, 2013

Published on July 26, 2013 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignAfter a string of weeks with better-than-average activity, things finally came to a halt this week and we had the slowest week in real estate we’ve seen in quite some time with just one closing and one new contract, nine new listings, and three price changes.  Our inventory grew by six, ending the week at 288, with 102 homes and 186 lots listed for sale in the MLS for Cape San Blas, Indian Pass and the C-30 Corridor market.

Turtle Dunes First Tier Lot Sold July 2013 for $106,440

Our solo sale is a first tier lot in Turtle Dunes, a small subdivision on the Cape about a half mile north of Scallop Cove. This was a short sale on a lot the sellers bought in mid-2005 for $675,000. Exactly one year prior to that it had sold for $390,000. The current sellers listed it in early 2006 for $795,000, but by the time it went under contract in April, that list price was all the way down to $99,000, just shy of the county’s assessed value of $100,000. On Tuesday the bank approved a sale for $106,440.

Gulf Front Lot in Secluded Dunes at Cape San Blas Under Contract July 2013 with List Price of $299,000

Our one new contract is on a gulf front lot up in Secluded Dunes, the northernmost subdivision on the Cape and which adjoins the state park. It’s a beautiful area, one of the earliest subdivisions out here having been a project of Langdon Flowers (of the Flowers Bakeries family fame) who also developed Barrier Dunes, both projects done in the early ’80′s.  This lot has 58′ feet on the water and is just shy of half an acre. It’s listed for $299,000 000, a bit above the  $250,000 the sellers paid for it in late 2010, and well above the county’s assessment of $200,000.  In early 2005 it sold for $1,362,500.

Well, short but sweet,  that does it for this week.  If you have questions about these or any other properties, or if you’re considering selling, I’d love to talk with you. Please call or text me on my cell at 850-227-5197 or shoot me an email to [email protected].  Have a terrific weekend, and thanks so much for taking time out to stop by today.

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