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Cape San Blas Real Estate Week in Review - Dec. 20-26, 2014

Published on December 27, 2014 by Sherri Dodsworth under Cape San Blas


Santa visited the Forgotten Coast while making his rounds this week and brought two lucky people a place to call their own at the beach. One bargain hunter wrote up a contractfive owners listed their properties while five others opted for price changes. Our inventory inched up by four, closing the week at 272, with 91 homes and 181 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Cape San Blas Barrier Dunes Townhouse Under Contract July 2014 with List Price of $199,000

The first of our two sales has us beginning as we so often do on the north end of the Cape in Barrier Dunes where this 3-bedroom, 3-bath, 1,344 square foot townhouse went under contract back in July as a short sale with a list price of $199,000. The sellers bought it in early 2002 for $179,900 and fixed it up turning it into a decent rental property. The lender finally approved the sale and closed this week for $190,000 cash.

Gulf Front Lot Near Cape San Blas Sold Dec. 2014 for $217,500

For our second sale, 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.  Last month 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. On Monday it closed for full list price.

Cape San Blas Gulf Front Lot Under Contract December 2014 with LIst Price of $285,000

We’ll head down to the south side of the Cape for our one new contract which is on  a 50′ wide by 1,138′, 1.3-acre gulf front lot with an asking price of $285,000 .  The sellers bought it in October 2012 for $215,000.

With that, we’ll bring the year to a close. I wish you and your loved ones good health and happiness in the New Year, and I want to thank all of you I’ve worked with, met with and talked with this past year who have helped to make 2014 such a memorable one for me. Have a safe holiday and thanks so much for taking time during this busy season to stop by. See ya next year!



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