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Cape San Blas Real Estate Week in Review - March 15-21, 2014

Published on March 22, 2014 by Sherri Dodsworth under Cape San Blas

Spring has sprung in all its glory and real estate sales are blooming all over the place along the coast.  The first official week of Spring was a fruitful one for us, with seven sales and three new contracts, fifteen new listings and three price changes. Our inventory went up by four, closing the week at 272, with 72 homes and 200 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Four Cape San Blas Interior Lots at Park Point Under Contract February 2014 with Average List Price of $235,000

We’ll start our review of this week’s crop of seven sales up on the north end of the Cape stopping first at Park Point where three lots went under contract on the same day in February priced at $34,900 apiece. They’re about a quarter-acre each and are offered as short sales, having last sold in the summer of 2004 for an aggregate price of $935,000. These short sales were approved in less than a month, uncharacteristically fast, with each closing on Monday for $30,000.

Corner Lot on Cape San Blas Road in Paradise Bay Under Contract Jan. 2014 with List Price of $44,900

Paradise Bay is one of the original subdivisions on the Cape located on the bay side of the road just south of Rish Park. At the entrance on the corner of Cape San Blas Road and Eastwind Drive, a lot listed at the beginning of January went under contract shortly thereafter with a list price of $44,900. The sellers have owned it since 1994, and sold it on Thursday for $38,000. All of the properties in this subdivision have deeded gulf and bay access.

Cape San Blas Gulf Front Lot Under Contract February 2014 with List Price of $239,000

Not far from the Tradin’ Post on Catamaran Drive our next sale is a 50′ wide gulf front lot that went under contract the end of February with a list price of $239,000. The seller is including a complete set of house plans with this “X” zone lot, and collected $215,000 for the package deal on Tuesday.

Cape San Blas Gulf Front Home Under Contract February 2014 with List Price of $695,000

We have a gulf-front beauty up next, a 4-bedroom, 3-bath, 1,889 square foot home on Haven Road listed for $695,000. In the twelve short years since it was built in 2002, this home has seen quite a few trips to the closing table, selling first in 2002 for $565,000, and later that same year in October for $695,000,  and then again to the current sellers in February 2008 for $810,000.  This time around it went for $625,000.

Cape San Blas Gulf Front Home Under Contract Feb. 2014 with List Price of $599,900

We’ll head down to the south side of the Cape for our seventh and final sale, stopping in at San Blas Plantation, a community adjacent to the east side of Jubilation. Here a spacious 4-bedroom, 4-bath, 3,026 square foot, gulf front home the sellers built in 2001 went under contract a month ago with a $599,900 price tag. It’s situated in an “X” zone on a lot with 75′ of waterfront.  The new owners picked up the keys this week for $555,000.

Southbeach Lot Under Contract March 2014 with List Price of $59,900

Now onto our three new contracts, beginning on the south side of the Cape in Southbeach, where this quarter-acre lot went under contract on Friday with a list price of $59,900. This is a pretty little gated subdivision where all of the properties enjoy deeded gulf and bay access. This property last sold in 1999 for $37,000.

Gulf Pines Gulf Front Home Under Contract March 2014 with List Price of $799,000

Our next contract takes us over to Gulf Pines along the C-30 Corridor to this 4-bedroom, 4-bath, 2,892-square-foot gulf front home for which the owners are asking $799,000. This lovely beach retreat is situated on nearly an acre of land with 103′ of gulf waterfront, and was built in 1993.  According to the Gulf County records it last sold in December 2008 for $927,400.

Indian Pass Canal Front Lot Under Contract with List Price of $39,900

Our last new contract is on a canal front lot on the first big curve on Indian Pass Road. It’s an irregularly shaped quarter-acre property that sold last April for $15,000. This spring it’s under contract with a list price of $39,900.

That does it for today.  Competition for good properties is really heating up and buyers are starting to feel the pressure again as more and more sellers are feeling increased confidence and standing their ground. If you’re thinking of buying or selling, let’s talk. I’ve helped put a good number of my sellers and buyers under contract in the past few weeks and I’d like to do the same for you. Call or text me at 850-227-5197 or shoot me an email to [email protected] and we’ll get started. Have a great week and thanks so much for taking time to stop by today.


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