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Cape San Blas Real Estate Week in Review - Sep. 12-18, 2015

Published on September 19, 2015 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignEveryone’s heard of spring fever, but I swear I’ve had a touch of Fall Fever this week as the weather has been so gorgeous I’ve just wanted to get out of the office and stay outside enjoying the warm sunshine and steady breezes. Luckily, I’ve had a lot of appointments to show property so I’ve been able to indulge that urge and be out and about the Cape and Indian Pass with nice folks looking for coastal places to call their own. We had a good week with three salesthree new contractsfive new listings and six price changes. The inventory rose by one, closing at 271, with 85 homes and 186 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Cape San Blas Home Under Contract July 2015 with List Price of $299,900

We’ll kick off our review of this week’s three sales in Peninsula Estates where our first sale is a 3-bedroom, 2-bath, 1,298-square foot home built in 1987 that has been extensively renovated.   This subdivision spans from gulf to bay, and all owners enjoy deeded access to both.  This home is on the bayside of the community.  The sellers bought the property in August 2005 for $350,000 and subsequently renovated, re-furnished, and added an in-ground pool.  It went under contract in early August with a list price of $299,900, and closed on Tuesday for $270,000.

Cape San Blas Gulf View Lot Under Contract August 2015 with List Price of $69,000

On the north side of Ovation is San Blas Shores, one of, if not the, first subdivisions on the Cape.  Three weeks ago buyers wrote up an offer on a 52′ by 130′ gulf view lot listed for $69,000, well below the $85,000 the sellers paid for it back in 2002.  On Wednesday they signed over the title to the new owners for $56,700.

Two Contiguous Bay View Lots on C-30 Under Contract September 2015 with List Prices of $39,900 Each

Sale number three is two contiguous lots on the bay side of C-30 just a bit north of Treasure Bay.  Each lot measures 105′ by 218′ and were listed for $39,900 apiece.  I found no sales history on them in the county records; on Monday they sold for an aggregate price of $70,000.

Cape San Blas Gulf View Home Under Contract September 2015 with LIst Price of $647,500

We return to the Cape to take a look at our three new contracts, starting things off in Seagrass, where this 4-bedroom, 4-bath, 3,324-square-foot gulf view home went under contract Monday with a list price of $647,500.  It is situated on an “X” zone lot, and has an in-ground pool. The sellers bought it in late 2008 in a bank sale for $550,000.

Cape SAn Blas Gulf View Lot Under Contract September 2015 with List Price of $59,500

Down on the south side of the Cape on McCosh Mill Road in Piney Woods, our second contract is on a 0.13 acre gulf view lot listed for $59,500. This is another property for which I could find no meaningful sales data on the property appraiser’s site.

First Tier Lot At Treasure Shores Under Contract September 2015 with List Price of $110,000

We’ll end the week over in Treasure Shores where buyers penned a contract on an 83′ by 130′, quarter-acre first tier lot listed for $110,000. The sellers purchased the FEMA eligible property in late 2002 for $185,000.

That’s a wrap for today. As you can see, there are some terrific values out there so if you’d like to take advantage of this market get in touch with me by calling or texting me at 850-227-5197 or shooting me an email to [email protected] . In the meantime, have a great week and I hope to hear from you soon. Thanks for stopping by today.

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