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Cape San Blas Real Estate Week in Review - Jan. 10-16, 2015

Published on January 17, 2015 by Sherri Dodsworth under Cape San Blas

No need to look at the calendar this week to know it is winter. Luckily, after a string of cold, cloudy days, Florida sunshine has finally retaken the reins and is steering us towards warmer, sunnier days in the coming week.   The clouds couldn’t dim our market, as we still managed to close one sale and write up three new contracts, enter twelve new listings, and pen one price change.  Our inventory swelled by seven, closing at 255, with 87 houses and 168 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.  Let’s see which properties moved.

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

Our solo sale is this 107′ by 102′, quarter-acre, gulf view “X” zone lot that went under contract in mid-December with a list price of $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, and sold it on Tuesday for $75,000, a price which included a new sewer tap.

Cape San Blas Gulf Front Home Under Contract January 2015 with List Price of $489,000

The first of our three new contracts is down by the rocks at stumphole; it’s a 3-bedroom, 3-bath, 1,876 square foot gulf front home built in 2012. The sellers bought it the following year in August 2013 for $400,000, and have it under contract with a list price of $489,000.

Bank-Owned Lagoon Front Lot Under Contract January 2015 with List Price of $30,000

Our next two contracts are both off the Cape, the first being a bank-owned lagoon front lot out on C-30 about a mile or so east of the Indian Pass Raw Bar. The previous owners bought it in 2000 for $49,000, or $67,363 today in inflation-adjusted dollars. Today the bank has it under contract with a list price of just $30,000.

Our third and final new contract finds us out along the quiet stretch of beach at Indian Pass in a little community called The Reservation. Here we have a 50′ wide by 320-foot deep, one-third acre gulf front lot under contract with a list price of $169,900. It’s not listed as a short sale even though county  records indicate it last sold in mid-2005 for $825,000.

That does it for this week. The forecast is for warmer weather in the coming week so hopefully our buyers will thaw out and our real estate activity will heat up again as well. I hope its sunny and warm where you are and if you’d like to join us here on the Cape where no matter how cool it gets the only white drifting stuff we ever have to worry about is the sugar white sand on our beaches, call or text me at 850-227-5197 or email to [email protected] . Let’s put some SOLD signs on some of these great deals! Thanks for stopping by today – I look forward to hearing from you.




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