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Cape San Blas Real Estate Week in Review - Jan. 11-17, 2014

Published on January 18, 2014 by Sherri Dodsworth under Cape San Blas

2014 continues off to a strong start roaring along this week with five salesthree new contracts (one of which has already closed), seven new listings and two price changes. Our inventory inches up by one, closing at 268, with 79 homes and 189 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.  We have a fair amount of territory to cover today so let’s get right to it.

Cape San Blas Townhouse at Barrier Dunes Under Contract Nov. 2013 with List Price of $229,000

We’ll begin our review of this week’s five sales on the Cape up in Barrier Dunes, where this 3-bedroom, 3-bath, 1,394 square foot “X” zone townhouse built in 2005 went under contract just after Thanksgiving with a list price of $229,000, and they got that full list price at closing on Monday. This wasn’t listed as a short sale even thought the sellers paid $320,000 for it in the summer of $320,000.

Cape San Blas Road Front Lot Sold January 2014 for $54,000

About a mile and a half down the road is the Cape’s most recently platted new subdivision, Rosemary Dunes, and it’s the site of our second sale. It entered the MLS on Monday, shows a contract date of Tuesday the 14th, and closed on the 17th. Here we have a 0.17 acre lot measuring 40′ by 50′ “X” zone lot on Cape San Blas Road. The seller was asking $59,000 but with the offer of such a quick close, settled for $54,000.

Cape San Blas Bay Front Lot Under Contract Dec. 2013 with List Price of $149,000

Next up is a beautiful 1.18 acre bay front lot measuring 100 by 490′ overlooking Pig Island.  The seller had it listed for some time at $179,900, but recently reduced it to $149,000 which is all he needed to attract a buyer, and they went to closing on Wednesday with the title changing hands for $140,000.

First Tier Home Near Cape San Blas Under Contract Dec. 2013 with List Price of $324,900

Our fourth sale is this neat and trim first tier  beach cottage in Treasure Shores. It’s a 3-bedroom, 2-bath, 1,961 square foot home built in 1985 listed for $324,900, just a hundred dollars less than the sellers paid for it in early 2003, and on Friday it closed for $313,000.

Gulf Front Home at Indian Pass Under Contract June 2013 with List Price of $550,000

We’ll travel out towards the point of the Indian Pass peninsula not far from the boat launch for our fifth and final sale, a handsome 2,436 square foot three-bedroom, three-bath, gulf front home listed for $525,000. The sellers are the original owners, having bought the 100′ wide waterfront lot in 1991 for $55,000. They’ve been trying to sell the home since early 2006 when they listed it for $1,495,000, and on Thursday they handed over the keys to the new owners for $500,000.
Cape San Blas Gulf Front Home Under Contract Jnauary 2014 with List Price of $599,900
The first of our three new contracts is this handsome 3-bedroom, 2 1/2-bath, 1,920 square foot gulf front home on Haven Drive listed for $4559,9000. It is situated on 55′ of gulf waterfront, and last sold in April 2003 for $705,000. There are no contingencies to be met so this one shouldn’t take too long to close.

Cape San Blas Bay View Lot Under Contract January 2014 with List Price of $39,000

Since our second contract was the road front lot in Rosemary Dunes which has already closed, we’ll head on down to the south side of the Cape in Eventide subdivision for our third contract. a quarter-acre bay view lot listed for $39,000. The seller purchased it with several other lots in the subdivision in 2000, paying $85,000 for them. There is currently one other bay view and one bay front site available in this quiet little neighborhood.

That does it for this week. Lots going on and our inventory of homes has been steadily coming down, so if you’ve been thinking of buying a house at the beach you may want to add that to your list of New Year resolutions for 2014.  I can help with your search – call or text me at 850-227-5197 or send me an email to [email protected] . Have a great week, keep warm, and thanks so much for taking time to stop by today.

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