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Cape San Blas Real Estate Week in Review - Dec. 13-19, 2014

Published on December 20, 2014 by Sherri Dodsworth under Cape San Blas

For Sale and Sold Wrapping presents and holiday parties apparently filled most peoples’ schedules this week as real estate was relatively quiet, though we did manage to close one sale, add three new contracts and six new listings. but no price changes. Our inventory grew by two, ending the week at 268 with 88 homes and 180 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor markets.

Cape San Blas Gulf Front Lot Under Contract April 2014 with List Price of $279,000

Our solo sale is on the north end of the Cape in Sunset Pointe  where we have a 78′ wide gulf front lot under contract since early April as a short sale with a list price of $279,000.  The sellers paid $826,000 for it in early 2003, and now, after eight months of waiting for bank approval of the sale, the parties finally went to closing on Monday with a sale price of $326,500, 17% above list.

Cape San Blas Gulf View Lot Under Contract ecember 2014 with List Price of $88,500

We’ll begin our review of this week’s three new contracts with this 107′ by 102′, quarter-acre, gulf view “X” zone lot listed for $88,500.  It’s located on Seahorse Lane in Feather Sound, one of the early subdivisions on the Cape. There are no HOA fees, and all of the properties include deeded gulf access. The sellers bought it back in 1997 for $19,000. They’re including a sewer tap in the purchase price.

Cape San Blas Gulf Front Townhouse Under Contract December 2014 with List Price of $259,900

About half a mile further our second contract is on a circa 1986 2-bedroom, 2 1/2-bath, 1,120 square-foot unit  in Cape Shoals, a complex adjacent to the north side of Cape Palms Park.   The sellers have owned it since mid-2001 when they purchased it for $190,000 and put  it under contract Friday with a list price of $259,900.

Bank-Owned Gulf Front Home in Gulf Pines Under Contract December 2014 with List Price of $424,900

Our third and final contract takes us off the Cape and over to Gulf Pines where this bank-owned 3-bedroom, 2-bath, 2,050 square foot gulf front home went under contract on Monday with a list price of $424,900.  Built in 1986, it is in need of some TLC and updating, and is being sold As Is.

Only five more shopping days ’til Christmas, so if you have coastal paradise properties on your gift list be sure to get in touch with me pronto. Call or text me at 850-227-5197, or send an email to [email protected]. In all the hustle and bustle this week, with last minute shopping, decorating and wrapping gifts, be sure to take time to take note of the gifts you already have: your family, pets, and friends, and give them the gift of letting them know just how much they mean to you. Have fun, keep warm, and thanks so much for stopping by today

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