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Cape San Blas Real Estate Week in Review - Feb. 14-20, 2015

Published on February 21, 2015 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignWhile most of the eastern half of the country was buried under drifting snow and record cold temps, our brief little nip of winter bottomed out around 30 for a few hours, and good old Florida sunshine had us back up around 60 in no time.  A lot of people wanted to stake their claim on a warm retreat with buyers closing on four properties and securing contracts on seven others. Sellers added twelve new listings and changed prices on seven others, five of which were price increases!  Our inventory inched back up by three, closing out the week at 239, with 83 homes and 156 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market.

Cape San Blas Interior Lot at Park Point Under Contract January 2015 with List Price of $39,000

To begin our review of this week’s four sales, we’ll start off up on the north end of the Cape in Park Point, a roughly 12-year old  subdivision adjacent to the state park. The owners of this 69′ by 120′, quarter-acre corner lot listed it for $39,000 on Sunday, January 24th, and had it under contract by the following Friday.  They bought it in mid-2013 for $25,000, and sold it on Wednesday for $28,000 cash.  Back in 2003 the developer got $280,000 for it.

Cape San Blas Road Front Lot Sold February 2015 for $60,000

About two miles down the road in Hibiscus Bay our third sale is a roughly half-acre lot fronting both Cape San Blas Road to the front and a fish-stocked pond to the back. The parties went under contract at the end of January with a list price of $60,000 and closed on Wednesday at full price.

Cape San Blas Interior Lot Under Contract January 2015 with List Price of $45,000

In nearby Paradise Bay, the parties negotiated a contract two weeks ago on a roughly one-third acre interior lot measuring 83′ by 190′ and listed for $45,000. The lots in this community share deeded gulf and bay access with the owners of Paradise Gulf across the street.The sellers bought it in 2001 for $39,900, the inflation-adjusted value of which would be $52,730 in today’s dollars. On Monday they signed over title to the new owners for $35,000 cash.

Cape San Blas Gulf Front Condo Under Contract Janauary 2015 With List Price of $379,000

Our fourth and final sale takes us to the south side of the Cape to one of the few condominiums in our area, The Club at Cape San Blas. Buyers were sold on this 3-bedroom, 2-bath, 1,415 square foot unit listed for $379,000.  This top floor home last sold in late 2008 for $450,000, and closed on Friday for $365,500.

Cape San Blas Gulf View Duplex Under Contract February 2015 with List Price of $215,000

Now on to our seven new contracts, beginning mid-way down the Cape peninsula on Aruba Lane in Cape Sands Landing where this 1,600 square foot, 2-bedroom, 2-bath, duplex half went under contract on Thursday with a list price of $215,000.  This circa-1985 “X” zone gulf view home last sold in early 2004 for $275,000.

A short stroll down the beach takes us to this lovely 4-bedroom, 4 1/2-bath, 2,657 square foot gulf front home in Turtle Dunes went under contract on Friday with a list price of $789,900. The sellers paid $790,000 for it in late 2009.

Cape San Blas Bay View Lot Under Contract February 2015 with Lost Price of $89,000

Not far from Scallop Cove we have a bay view lot on Cape San Blas Road under contract with a list price of $89,000. This half-acre “X” zone lot shares a very nicely built community dock with several surrounding properties.  The sellers bought the lot in the summer of 2010 for $72,000.

Cape San Blas First Tier Lot Under Contract February 2015 with List Price of $170,000

Down on the south side of the Cape in Two Palms subdivision we have a first tier one-third acre lot listed for $115,000, a far cry from the $170,000 it went for in mid-2000.

Cape San Blas Bay View Lot Under Contract February 2015 with Lost Price of $89,000

We’re leaving the Cape for the first time today heading east along C-30 to Gulf Pines where we have a 76′-wide gulf front lot under contract with a list price of $395,000.  The sellers have owned this one since 1984 when they picked it up for a mere $35,000.

Lagoon Front Home at Indian Pass Under Contract February 2015 with List Price of $599,900

Our last two contracts are on Indian Pass beginning with this lagoon-front home overlooking the Gulf of Mexico from high atop a lovely bluff.  This 3-bedroom, 3 1/2-bath, 2,076 square foot home was built in 2009. On Thursday, it went under contract with a list price of $599,900.

Cape San Blas Interior Lot Under Contract January 2015 with List Price of $45,000

Our seventh and final contract is on a funky little first tier home in Indian Pass Beach subdivision.  This 3-bedroom, 2-bath, 1,000 square foot “X” zone home was built in 1993.  The sellers bought it in 2006 for $450,000, and put it under contract on Valentine’s Day with a list price of $349,000.

That’s a wrap for today. Hard to believe all this activity in late February. I guess no one got the memo this is supposed to be a slow time of year!  We need inventory. If you’re toying with the idea of selling, CALL ME! 850-227-5197 puts you through to my cell.  Properties are definitely moving and prices are rising. Hope to hear from you soon. I really appreciate your taking time to stop by today. Have a great week, and look forward to seeing you back next week.

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