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Cape San Blas Real Estate Week in Review - July 26-August 1, 2014

Published on August 2, 2014 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignSummer sales keep sizzling, and we turned in another good week, closing five sales and penning three new contracts. Sellers changed six prices, and added eight new offerings to the menu.  Our inventory grew by four, closing the week at 277, with 88 homes and 189 listings in the Cape San Blas, Indian Pass, and C-30 Corridor MLS. Let’s see what buyers have been up to.

We’ll begin our review of this week’s five sales on the Cape up in Barrier Dunes with this 2-bedroom, 2 1/2-bath, 1,888 square foot townhouse that went under contract at the end of June with a list price of $224,900. Back in mid-2006 it sold for $379,000. The current owners bought it in June of 2012 for $140,000, fixed it up, and sold it on Friday for $198,000.

Ovation At Cape San Blas Gulf View Lot Under Contract April 2014 with List Price of $99,000

Just a short way down the road in Ovation, buyers finally got lender approval to close on a second tier gulf view lot listed as a short sale for $99,000. The owners bought it in the summer of ’05 and tried to sell it two years later when they listed it for $599,500. They had two contracts on it last year, but neither one worked out. The views from this property when a house is built on it will be amazing. The lot is entirely in an “X” zone.  The parties closed on Tuesday for $93,000 with the lender requiring the seller to contribute some funds at closing.

ape San Blas FirstTier Lot Under Contract July 2014 with List Price of $156,000

Seahorse Lane is two streets north of The Tradin’ Post in a laid-back classic old-school Florida beach neighborhood. No HOA or hassles, just a dusty dolomite lane leading down to the beach. Buyers were charmed by that notion in June, and penned a contract on this 102′ by 154′, third of an acre first tier lot listed for $156,000. The sellers have owned the property since early 1995 when they purchased it for $30,900, and sold it on Thursday for $140,000 cash.

Cape San Blas Bay View Lot Under Contract with List Price of $29,9000 July 2014

We’ll wander down to the south side of the Cape to Eventide for our next sale. It’s on an irregularly shaped quarter-acre bay view lot that was listed for $29,900. This community also provides owners with deeded gulf and bay access courtesy a reciprocal agreement with their sister subdivision across the street, San Blas Plantation. The seller bought it along with several other lots from the developer in 2000 for an aggregate price of $80,000, and sold it on Monday for $25,000.

Indian Pass Gulf Front Lot Under Contract July 2014 with List Price of $299,000

Our fifth and final sale is over at Indian Pass where this gorgeous gulf front lot in Indian Summer  went under contract in mid-July with a list price of $299,000. It’s located in a FEMA-eligible area, and has 68′ of waterfront.  This peaceful and secluded little subdivision is tucked away in a beautiful pine-studded stretch of beach, and features oyster shell roads, graceful period street lighting, and a lovely pool overlooking the gulf.  In December 2011, the sellers bought it for $190,000, and sold it for $260,000.

Cape San Blas Gulf View Home Under Contract August 2014 with List Price of $299,000

Now on to our three new contracts, beginning with something we don’t see everyday, a house that was relocated onto a new lot. The seller is the developer of Rosemary Dunes and the house was originally located on one of the gulf front parcels he purchased.  Known for years as “Lone Pines” in the rental market, this 2-bedroom, 1-bath, 1,200 square foot circa 1980 home was moved on to a lot on Cape San Blas Road in Paradise Gulf that the developer also purchased in March of this year for $70,000.

Treasure Shores Gulf Front Lot Under Contract August 2014 with LIst Price of $299,000

Our second contract takes us out onto the C-30 Corridor to Treasure Shores where my clients put a contract on this 75′ by 312′, half-acre gulf front lot. The sellers bought it in 1999 for $145,000, and have it listed for $299,000.

Indian Pass Lagoon View Lot Under Contract August 2014 with List Price of $29,500

Our final contract takes us all the way out to near the tip of the Indian Pass Peninsula to the gated community of Mystic Palms where this irregularly shaped quarter-acre lagoon view lot went under contract on Thursday with a list price of $29,500. The seller is the original developer of this community.

That does it for this week. Market demand remains strong, so if you’re thinking of buying or selling, I can help. Call or text me at 850-227-5197 or send an email to [email protected] and we’ll get started. I appreciate your stopping by today and hope to hear from you soon.



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