The week before the season’s busiest travel week was slow but steady as we closed three sales and wrote up two new contracts. Sellers listed three new properties and changed prices on four others. Our inventory remains unchanged from last week, closing once again at 262, with 83 homes and 179 lots listed for sale in the MLS in the Cape San Blas, Indian Pass and C-30 Corridor markets. Let’s see what’s selling.
We’ll start our review of this week’s three sales way up on the north end of the Cape in Sunset Pointe where we had a quarter-acre interior lot on Hemmingway sold by the developer for $34,000 cash. The property wasn’t listed when the buyer’s agent wrote up the offer; they contacted the owner/developer, agreed to his terms, and off they went to closing on Tuesday. Sunset Pointe is a gated community with a pool and walkovers to the beach.
Our second sale is in nearby Barrier Dunes where we have a bank-owned 37′ by 41′ interior lot on Lakeshore Drive under contract since early October with a list price of $37,900. Though known primarily for its popular townhomes, Barrier Dunes also has a section set aside for single family dwellings. The seller signed over the title on Thursday in exchange for $35,000 cash.
Our third and final sale is on the corner of Cape San Blas Road across the street from the gulf side pool at Ovation; it’s new construction of a 3-bedroom, 3-bath, 1,920 square foot home for which the builder, Big Fish Construction listed for $389,000. The company bought the lot in September 2013 for $72,500, and sold the package deal for $385,000.
Buyers were shopping off the Cape this week, writing up offers on two lots out along the C-30 Corridor, beginning with this half-acre bay view lot in Treasure Bay. This 103′ by 217′ lot is cleared and in a FEMA eligible area. It has been in the family of the seller since 1993, when they bought it for $8,400.
For our second contract, we’ll travel east along C-30 towards Indian Pass Raw Bar where about half a mile past Cape San Blas Road on the right side of the road is a little subdivision called Indian Palms. Buyers stroked a deal on a50′ wide, half-acre gulf front lot listed for $217,500. The MLS notes don’t indicate it as being a short sale even though according to county records the sellers paid $680,000 for it in the summer of 2004. This property is also in a FEMA-eligible area, and there should be ample room for the new owners to build their home entirely within an X-zone.
Our forecast for Thanksgiving weekend is for clear skies and plenty of sunshine with daytime temps in the 60’s, so it looks like after some rain this weekend, we have a gorgeous week shaping up. I hope you have a warm and wonderful holiday with family and friends. If you’ve been thinking of gobbling up some great real estate opportunities along the Forgotten Coast, I can dish them up. Call or text me at 850-227-5197, or email to [email protected]. Thanks so much for taking time out to stop by today.