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Cape San Blas Real Estate Week in Review - Feb. 13-19, 2016

Published on February 20, 2016 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignHappy to report there was no let up in activity again this week turning in another strong showing, closing three sales, writing up four new contracts, adding six new listings and posting two price changes. With all that, our inventory grew by three, closing the week at 253, with 72 homes and 181 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market. Lots to look at today so let’s get started.

Cape San Blas Gulf View Acreage Under Contract Nov. 2015 with List Price of $350,000

We’ll begin our review of this week’s three sales on the north end of the Cape in Secluded Dunes where buyers closed on six first tier, gulf view lots listed for $350,000. Combined, they measure roughly 316′ by 375′ for a total of 2.82 acres. There appears to be a fair amount of wetlands on the property.  The offering went under contract in late November, and closed on Friday for the full list price of $350,000 using conventional financing.

 

Interior Lot at Cape San Blas Sold Feb. 2016 for $44,000

Sale number two is in Peninsula Estates, located about half a mile south of the state park. Buyers  went under contract last month on this 75′ by 200′ interior lot on Sandlewood (the bay side of the subdivision) listed for $55,000. Back in January 2005 it sold for $200,000; this time around it went for $44,000.

Second Tier Lot On Cape San Blas Under Contract Jan. 2016 with LIst Price of $119,000

The last of our three sales is a second tier, road-front lot in Ocean Haven, a subdivision just south of Seagrass. This 63′ by 210′ property offers both gulf and bay views, was listed for $119,000, and sold on Friday for $110,000.

Cape San Blas Gulf Front Lot Under Contract Feb. 2016 with List Price of $499,900

The first of this week’s four new contracts is in one of the most beautiful areas of the Cape, Sunset Pointe, a lovely gulf front subdivision up beside the state park. The dunes and beach that line this gated community are just magnificent. You can’t blame someone for falling in love with this roughly half acre lot featuring 90′ of gulf frontage. This piece of paradise sold in 2005 for $1.4M, then again in early 2007 to the current owners for $975,000. On Wednesday they put it under contract with a list price of $499,900.

Cape San Blas Interior Home Under Contract August 2015 with List Price of $399,000

We’re back on Sandlewood Boulevard in Peninsula Estate for contract number two, which is on this 5-bedroom,  3 1/2-bath, 2,210 square foot interior home that went under contract last Saturday with a list price of $399,000. The sellers picked it up in a foreclosure sale in June of 2014 for $167,000 when it was in need of some serious TLC.  They’ve done a remarkable renovation, bringing it back from the brink.  Last August they had the house under contract briefly but that one didn’t work out and it came back on the market shortly thereafter.

Interior Lot in Piney Woods on the Cape Under Contract Feb. 2016 with List Price of $48,900

Down on the south side of the Cape on McCosh Mill Road in Piney Woods, buyers wrote up an offer on a 55′ by 80′ “X” zone lot.   County records indicate the sellers purchased the property in the summer of 2005 for $399,900. Last June they listed it for $65,000, dropped that to $48,900 just before Christmas, and now have it under contract.

Bay Front Townhouse Under Contract Feb. 2016 with List Price of $269,900

For our fourth and final new contract we’ll leave the Cape for the first time today, travelling out onto the C-30 Corridor heading towards town and stopping in Simmons Bayou near Presnell’s Bayside Marina. Here in Hammock by the Bay, we have a 3-bedroom, 3 1/2-bath, 1600 square foot bay front townhouse under contract with a list price of $269,900. The sellers bought the bay side retreat in the summer of 2012 for $275,000.

That does it for this week.  The weather’s warming up and my azaleas are aleady beginning to bloom so it’s a lovely time to visit. If you are planning to do just that and want to check out some real estate while you’re here, let me know. Call or text me at 850-227-5197, or shoot me an email to [email protected] . I love hearing from my readers. Have a terrific week, and thanks so much for stopping by today.

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