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Cape San Blas Real Estate Week in Review - May 10-16, 2014

Published on May 17, 2014 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignWe’ve had a lot of visitors here this week enjoying our gorgeous beaches and a good number of them took time out from their fun in the sun to claim a little portion of our paradise for their very own. We managed four sales and two new contracts, added eight new listings, and changed prices on six others. All this resulted in an uptick in our inventory, closing up by 8 at 281, with 81 homes and 200 lots listed in the Cape San Blas, Indian Pass and C-30 Corridor MLS. Let’s take a look at what’s moving.

Gulf View Barrier Dunes Townhouse at Cape San Blas Under Contract May 2014 with List Price of $275,000

The first of our four sales is a whirlwind affair having come on the market,  gone under contract and closed all within 6 days.   It is a 2-bedroom, 2 1/2-bath, 1,344 square foot townhouse built in 1999 when the sellers bought it from the developer for $132,500. They listed it on the 8th for $275,000, went under contract on the 11th, and closed on Friday for $250,000. Nicely done.

Ovation Gulf Front Lot Sold May 2014 for $185,000

Next stop: Ovation, where a gulf front lot that sold for $1.275M in the summer of ’05 sold last week for $185,000, though the sale was not entered into the MLS until this week.  It was listed as a short sale.  The new owner has already put it back on the market, listing it on Thursday for $299,000.

Cape San Blas Gulf View Home Sold May 2014 for $780,500

This next sale takes us a couple miles down the road to Seagrass to a 5-bedroom, 4 1/2-bath, 3,585 square foot first tier home with an elevator and in-ground pool. The gulf views from this home are amazing. The sellers purchased it in October 2007 for $1M, put it under contract the first week of April with a list price of $799,000, and turned over the keys at closing on Thursday for $780,500.

Cape San Blas First Tier Home Under Contract April 2014 with List Price of $609,000

For our fourth and final sale we have a 4-bedroom, 4-bath, 3,129 square foot first tier home on Rachel Lane that went under contract April 16 with a list price of $609,000.  The MLS notes help explain that seemingly high-end price tag for a first-tier house:

Exceptional three story Luxury 1st Tier Beach Home in X” Flood Zone!! This beautiful home is located at the North End of Cape San Blas where the beaches consist of sugar white sands and the water quality is exceptional. The three story home is of top quality construction and is offered for sale complete with high end appliances, furniture and furnishings. There is also a commercial grade elevator and high end amenities such as Zodiac Quartz counter tops, high impact resistant windows and doors, metal standing seam design roof, recessed lighting, electric fireplace and other upgrades that are too numerous to mention. The A/C system was replaced in 2010. The home is in impeccable condition.

The sellers bought the lot in 2002 for $185,000 and built in 2005.  On Friday it sold for $578,125.

Ovation at Cape San Blas First Tier Lot Under Contract May 2014 as Short Sale with List Price of $135,000

We’re back at Ovation for the first of our two contracts, starting with a first tier, gulf view lot listed as a short sale for $135,000, having last sold in 2005 for $775,000.  All of the first tier lots in Ovation are completely in the “X” zone.

Cape San Blas Gulf Front Home Under Contract May 2014 with List Price of $560,000

Next up is a 4-bedroom, 3-bath, 1,817 square foot gulf front home built in 1998 that last sold in 2004 for $1.3M.  The sellers have had it on and off the market a number of times since then, but didn’t currently have it actively listed. This week a Realtor scouring properties looking for the perfect house for her buyers remembered that these owners were interested in selling, contacted them and negotiated a contract. The agent entered it into the MLS in Pending status with a list price of $560,000.

That does it for this week. There are still some very attractive opportunities on the market so if you’re toying with the idea of calling a piece of coastal property your own, it’s time to start looking. Call or text me at 850-227-5197 or send me an email to [email protected] and we’ll get started. Have a terrific week, and thanks so much for taking time to stop by today.


3 Comments on 'Cape San Blas Real Estate Week in Review – May 10-16, 2014':

Sherri Dodsworth on 05/20/14:

This afternoon I think they finally identified what was causing the problem so I have updated all the links. Please let me know if you ever have any problems in the future. Warm Regards, Sherri

Fran on 05/17/14:

Hi Sherri, Sorry to bother you- the links are not working. The links did not work for last week's blog either. Just wanted you to be aware of it. Thanks for your time! :) Fran

Barb Jenne on 05/17/14:

Sherri, PLEASE figure out how to make your links work! I've followed your blog for about 5 years and love it but it's becoming almost more frustrating than it's worth.

1 replies:

Sherri Dodsworth on 05/17/14:

Thanks for the heads up, Barb. I just posted a note at the beginning of the column to let people know it's happening again. I am so upset about this and trying to get our MLS provider to get it straightened out. I have no idea why it just started doing it all of a sudden a couple of weeks ago, but I'm working on trying to get it resolved. Those links are imperative.

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