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Cape San Blas Real Estate Week in Review - April 19-25, 2014

Published on April 25, 2014 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignAnd with the seeming flip of a switch, we transition from winter to summer, as the winter that would never leave, finally stepped aside for summer. Sunny forecasts remain in our real estate market as well, as we turned in another sizzling week, closing three sales and writing up six new contracts, trotting out ten new listings and changing prices on seven others. All those new listings increased our inventory by five, closing the week at 280, with 79 homes and 201 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market. Let’s see what’s moving.

Cape San Blas Interior Lot Under Contract Feb. 2014 with List Price of $33,500

We’ll begin our review of this week’s three sales just outside the state park, where behind popular Coneheads restaurant, our first is tucked away, a half-acre interior lot that went under contract in February with a list price of  $33,500 and closed on Thursday for $30,000 cash. This seller ought to be fine, having owned it since 1993 when he bought it for $11,500.

Cape San Blas Gulf Front Home Under Contract March 2014 with List Price of $595,000

Our next sale is a 5-bedroom, 5-bath, 2,600 square foot gulf front home listed for $595,000. In 1997 the sellers bought the lot for 65,000 and built the house in 1998. The MLS provides a very nice description of the home:

Classic Beach House at Cape San Blas featuring 100′ of Gulf views. This spacious home offers everything you could want in a beachfront setting. It has 5 bedrooms, large covered porches on both levels with many windows that allow lots of light and fantastic views of the Gulf. A private boardwalk to the beach.  Enjoy gorgeous sunsets from all angles of this house. House has a 2 car garage, one side is large enough to accommodate a boat. New metal roof in 2012 and 2 brand new ACs in 2013. Crown molding through out. Gas fireplace all in the comfort of one level where the main 3 rooms are located. The 2nd floor room could serve as another living area. The downstairs room is great for the kids. House is a Sandcastle featuring storm shutters on every window/door.

 On Friday, happy new owners received the keys at closing for $533,200, and paid half of the closing costs.

Cape San Blas Interior Lot at Southbeach Under Contract April 2014 with LIst Price of $29,900

Lots of action in Southbeach lately, and this week we have yet another sale, a quarter-acre interior lot, measuring 100′ by 120′.  It went under contract just last week sporting a $29,900 price tag, less than half the $63,500 it sold for in mid-2002, and closed on Tuesday for $24,000 cash.

Cape San Blas Gulf Front Lot Under Contract April 2014 with List Price of $649,000

We’re back towards the north end of the Cape to begin our review of this week’s crop of six new contracts, all of which are on the Cape, starting off with a 1-acre gulf front lot complete with mobile home, listed for $649,000. This property is located just outside the state park entrance.

Cape San Blas Gulf View Home Under Contract June 2013 with List Price of $245,000

On Sea Dunes Drive, a road near The Tradin’ Post, this next contract is on a 2-bedroom, 2-bath,  1,248-square foot gulf-view cottage, “X” zone, listed for $245,000. The sellers bought the vacant lot in 1995 for $13,500.

Cape San Blas Gulf Front Townhouse Under Contract April 2041 with List Price of $329,900

Further south down Cape San Blas Road not far from the rocks at Stumphole this next contract is on a 3-bedroom, 2 1/2-bath, 1,600-square-foot gulf front townhouse listed for $329,900.  The sellers bought it in June 2008 for $275,000, a nice bargain compared to the $335,000 it sold for in January 2006.  The home was built in 1986.

Cape San Blas First Tier Lots Under Contract April 2014 with Individual List Prices of $50,000 Each

For our fourth and fifth contracts, we’ll mosey on over to the south side of the Cape to a micro-subdivision called Lantana by the Sea, where we have two contiguous first tier lots totaling half-an acre, under contract with list prices each of $50,000.  The seller obtained these in July 2013 by transfer of a deed in lieu of foreclosure for $10,000 each.

Cape San Blas Interior Lot Under Contract April 2014 with List Price of $69,000

On Florida Avenue in Boardwalk, not far from Lantana, our sixth and final contract is on an interior lot listed for $69,000. The sellers bought this 78′ by 103′, 0.18 acre “X” zone lot in mid-2001 for $75,000, even though it had sold just a month earlier for $60,800.

As you can see, things are moving at a good clip right now, so if you’re thinking of either buying or selling let me know and I’ll help you get the most out of the market. Several more of my readers became new owners this month, and I can help you find your perfect place here along the Forgotten Coast, too. Call or text me  at 850-227-5197 or send an email to [email protected] . That does it for this week – thanks so much for taking time to stop by today.


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