As we head into the Labor Day Weekend, summer may officially be coming to a close, but luckily buyers didn’t get that memo as they were still here snapping up great real estate deals. Though there may have been only one closing, we wrote up an impressive nine new contracts, added fourteen new listings and made seven price changes. With all that, our inventory grew by one, closing the week at 277, with 84 houses and 193 lots listed for sale in the MLS for the Cape San Blas, Indian Pass and C-30 Corridor market.
Our one and only sale was over in The Cottages at Indian Summer, a pretty little secluded gulf view subdivision near the Indian Pass Raw Bar. In late July buyers fell in love with a quarter-acre second tier lot listed for $27,000, and they took title to it this week for $25,000.
We’re starting our review of the nine new contracts up in Secluded Dunes, the northernmost subdivision on the Cape. Buyers negotiated a deal on this 3-bedroom, 2-bath, 2,145 square foot circa 1990 home is listed for $859,000 as is. It’s situated on a 106′ wide gulf front lot.
In nearby Barrier Dunes, this next contract is on a 2-bedroom, 2 1/2-bath, 1,377 square foot pond front townhouse listed for $228,500. The sellers bought the 2002 home in mid-2009 for $204,500.
Our final contract on the Cape today is a 70′ wide gulf front lot on Avalon listed for $449,000. It’s not in a subdivision, so no HOA fees or covenants and restrictions. The property last sold in 2001 for $397,000. Avalon is just a bit south of Hibiscus Beach which is adjacent to Rish Park.
We’re travelling out onto the C-30 Corridor for our next batch of contracts, heading all the way over to Shallow Reed in Simmons Bayou. This newly built 4-bedroom, 3-bath, 1,786 square foot bay view home is listed for$389,000.
I get a lot of requests for “fixer uppers” and when the bank that owns this 3-bedroom, 2-bath, 1,620 square foot house slashed the price from $229,900 to $149,900 last weekend, I had a couple jump on it immediately. The decks are shot but the house itself seems to be in fairly sound shape. It was built in 1990 on a half acre lot just south of the State Buffer Preserve Center. The previous owners bought it in 2005 for $225,000.
Contracts six and seven are two contiguous lots on the bay side of C-30 just a bit north of Treasure Bay. Each lot measures 105′ by 218′ and listed for $39,900 apiece. I found no sales history on them in the county records.
Now we’ll travel east along C-30 out past the Raw Bar to this 3-bedroom, 1,200 square foot lagoon front home listed for $172,500. The home was built in 2008 on an 85′ wide waterfront lot and last sold as a foreclosure in mid-2012 for $99,000.
Last stop of the day is over on Indian Pass with another bank-owned property, a 127′ lagoon front lot listed for $82,500. Back in 2004 the one-acre parcel sold for $290,000.
That’s a wrap for this week. If you’re browsing through listings and find some you’d like more info on I hope you’ll give me a call at at 850-227-5197 or write me at [email protected]. Things are moving well so if you’re considering selling, I’d love to work with you and will be glad to provide you with a comparative market analysis to help you get an idea of what your property might bring in the current market.
Have a safe and fun-filled Labor Day weekend. Hope to see you back here soon. Thanks so much for stopping by.