Santa visited the Forgotten Coast while making his rounds this week and brought three lucky people a place to call their own at the beach. One savvy shopper put a contract on a prime gulf front home, six people listed their properties for sale, but not a single seller opted for a Christmas mark-down. With all those new listings, our inventory inched up by five, closing at 280, with 79 homes and 201 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.
The first of our three sales is one entered into the MLS for comp purposes since it wasn’t listed but was sold by one of our agent members. It’s an interior lot up in Park Point that Bank of America donated back in September to Military Warriors Support Foundation, and they were able to sell it this week for $25,000.
Our second sale takes us about 3/4 of a mile down the road to White Sands Drive where this 4-bedroom, 3-bath, 1,176-square foot home with a glimpse of the gulf went under contract in mid-October with a list price of $299,000. I’ve shown this home a number of times and it’s a comfortable little beach bungalow with a nice yard, easy nearby beach access, located in an easy-going neighborhood with no HOA fees. The sellers have owned it since 1994 when they bought it for $73,500, and now they’ve sold it for $262,500, with seller financing.
We’ll travel off the Cape and on over to Gulf Pines for our third and final sale which is a large first tier corner lot. The seller has owned it since the 80′s and had it listed for $147,000. It has been on and off the market since late 2006 when it first appeared with a $650,000 price tag, quite a far cry from the county’s assessed value today of $75,000, and according to the MLS it closed on November 25, so not sure why it’s just now showing up as having sold.