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Cape San Blas Real Estate Week in Review - Aug. 15-21, 2015

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

For Sale Sold Sign  Georgia went back to school and the Cape’s a quieter place this week. Even so, we managed seven sales, wrote up two new contracts, added seven new listings, and changed prices on three others. Our inventory shed six ending the week with 271 active MLS listings in the Cape San Blas, Indian Pass and C-30 market, with 87 houses and 184 lots. Let’s see what properties caught buyers’ attention.

Seacliffs Gulf View Townhouse Under Contract April 2015 with List Price of $254,900

We’ll start our review of this week’s seven sales up at Seacliffs on Turtle Walk where this 3-bedroom, 3 1/2-bath, 1,944 square foot unit built in 2001 went under contract in early July with a list price of $239,000. The sellers bought it two years ago in April 2013 for $215,000, and sold it this week for $233,000.

Fire Damaged Gulf Front Cape San Blas House Sold August 2015 for $1.15M

Sale number two is a grande dame with a troubled past. While under construction, the roof of this 5-bedroom, 5-1/2-bath, 4,447 mammoth caught fire nd nearly burned to the ground. The insurance companies settled, and the work of rebuilding began. Then again, just a few years ago, it caught fire again sustaining serious damage. It presides over a 2.2 acre parcel with 129′ over looking the gulf. The sellers put it on the market at the end of July with a list price of $1.899M and went under contract “As Is” within a few days. On Thursday, new owners took on the task of bringing her back to life by signing a check at closing for $1.15M.

Cape San Blas Interior Lot Under Contract August 2015 with List Price of $49,900

Our next sale is on Driftwood Drive in Peninsula Estates where buyers negotiated a deal on a 109′ by 187′ roughly half-acre interior lot listed for $49,900. The sellers bought the property back in 1998 for $45,000 and sold it on Wednesday for $44,900 cash.  All of the lots in this subdivision convey with both deeded gulf and bay access.

Cape San Blas Gulf Front Townhouse Under Contract July 2015 with List Price of $269,000

About two miles south in Cape Shoals, our fourth sale is a 2-bedroom, 2 1/2-bath, 1,120-square foot gulf front townhouse that went under contract three weeks ago with a list price of $269,000. The sellers bought this circa-1986 home in early 2005 for $309,200, and sold it Monday for $240,250.

Cape San Blas Gulf Front Home Under Contract July 2015 with List Price of $834,000

Not far away on Haven Road, sale number five is a beautiful gulf front home. Situated on 55′ of beautifully vegetated gulf front, this  5-bedroom, 4 1/2-bath, 2,735 square foot beauty built in 2002 went under contract last month with a list price of $834,000, which is exactly what it sold for on Wednesday.

Cape San Blas Gulf View Lot in Seagrass Under Contract July 2015 with List Price of $219,000

We’ll head a few blocks further south to Seagrass for our next sale, a 90′ by 120′, quarter-acre “X” zone gulf view lot that went under contract in late July with a list price of $219,000. The sellers bought it in mid-2013 for $134,500, and just sold it for $210,000. Hard to believe that back in 2005 it went for $505,000.

Indian Pass Lagoon Front Lot Under Contract July 2015 with List Price of $199,000

For our eighth and final sale we’ll head on over to Indian Pass where this 128′ wide by 590′ deep lagoon front lot caught the eyes of an admirer in mid-July with its $119,000 price tag. That’s a little over 1 1/2 acres in an absolutely gorgeous setting. The buyers picked up the title at closing on Friday for a deep discount price of $80,000.

Cape San Blas X Zone Barrier Dunes Townhouse Under Contract August 2015 with List Price of $299,000

The first of our two contracts is up in Barrier Dunes where this 2-bedroom, 3 1/2 bath, 1,593 square foot townhouse went under contract Tuesday with a list price of $299,000. This is one of only about a dozen or so of homes in this complex located entirely in the “X” flood zone.  The sellers have owned this since 1998 when they picked it up for $115,000.

Cape San Blas Gulf Front Lot Under Contract August 2015 with List Price of $299,900

The other new contract is located in Southbeach, a gated community on the south side of the Cape. Here buyers penned a deal on a 65′ by 568′ gulf front lot just shy of an acre listed for $299,900. The sellers bought it from the developer in late 1999 for $182,000 , the equivalent of $260,714 in today’s dollars adjusted for inflation.

That does it for this week. I’ll be around this weekend so if you’d like more info on these or other properties pick up the phone and give me a call: 850-227-7891, or send me an email to [email protected] . I also got a stack of brand new For Sale signs in this week so if you’re interested in selling, I’m ready. Just let me know. I’d love to be your listing agent.

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