Like much of the rest of the nation, Old Man Winter flexed his muscles along the coast these past few days, slamming temps down into the twenties for a couple of days. Luckily we’ve already warmed back up into the 60’s where we should be for this time of year. Realtors adapted the mailman’s mantra of allowing neither sleet, nor hail, nor freakishly cold weather to keep us from helping folks find a sandy place in the sun, closing three sales and writing contracts on two others, posted For Sale signs on nine new listings, and marked down five properties. With all that, our inventory accumulated eight, closing at 267, with 78 homes and 189 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.
Just south of Scallop Cove, the first of our three sales is a short sale on a 54′ wide gulf front lot listed for $170,000, below the county’s assessed value of $175,000. The sellers bought it in mid-2004 for $505,000, and sold it on Tuesday for $156,000. This was an exceptionally quick close for a short sale, being under contract just 33 days.
Our next sale takes us off the Cape. heading east on C-30 until we get to Treasure Shores where this 2-bedroom, 2-bath, 1,056 square foot mobile home built in 2002 went under contract at the end of November with a list price of $149,000. It sits on a half-acre lot and is just a short walk across the street to the Gulf. The buyers picked up the keys at closing on Friday for $120,000.
For our third and final sale we’ll head over to The Reservation on Indian Pass where this quarter-acre first tier lot went under contract the first week of November as a short sale with a list price of $70,000. In April 2005 it sold for $475,000 and they sold it to the current owners in February 2004 for $675,000. The county has it assessed at $75,000, and on Thursday the parties closed for $63,000.
Just two new contracts to review, beginning on the Cape in Seagrass, where this spacious 6-bedroom, 4 1/2-bath, 3,291 square foot gulf view home went under contract on Wednesday with a list price of $679,000. In mid-2005, the lot alone sold for $625,000. Those owners built the home but it eventually ended up going as a bank sale in early 2009 where it went for just $475,000.
Our other contract is on a lagoon front lot out along C-30 about 2 miles past the World Famous Indian Pass Raw Bar. This one-acre peaceful setting with 100 feet of waterfront is listed for $29,000. The seller has owned it for quite some time so I didn’t find any sales history recorded.
That does it for this week. The forecast is for warmer weather in the coming week so hopefully our buyers will thaw out and our real estate activity will heat up again as well. I hope its sunny and warm where you are and if you’d like to join us here on the Cape where no matter how cool it gets the only white drifting stuff we ever have to worry about is the sugar white sand on our beaches. Whether you’re thinking of buying or selling, give me a call at 850-227-5197 or shoot me an email to [email protected] . Let’s put some SOLD signs on some of these great deals! Thanks for stopping by today – I look forward to hearing from you.