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Cape San Blas Real Estate Week in Review - March 12-18, 2016

Published on March 19, 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 two sales, writing up ten new contracts, listing five new properties and changing prices on four others. All of that took a nice big chunk out of our inventory, shedding eleven, closing the week at 244, with 77  homes and 167 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 Townhouse Under Contract February 2016 with List Price of $236,000

The first of our two sales is on the north end of the Cape in Barrier Dunes, where shoppers took a shine to this 2-bedroom, 2 1/2-bath, 1,377 square foot, circa 2002 townhouse on Parkside listed for $236,000. The sellers bought the pond-front home in June 2009 for $236,000, and have sold it for $218,000.

Bank-Owned Cape San Blas Gulf Front Home Under Contract January 2016 with List Price of $499,900

Immediately south of Cape Breezes on Hibiscus Lane buyers fell in love with this 68′ wide bay front beauty listed for $204,900. This secluded setting is not part of Hibiscus Bay subdivision, so once again, no HOA or HOA fees. The owners bought the property in 2007 for $265,000, and sold it on Wednesday for $197,000.

Seacliffs Gulf Front Condo Under Contract March 2016 with List Price of $395,000

The first of our ten new contracts takes us back to the north end of the Cape to Seacliffs, where this 1986 vintage 3-bedroom, 3 1/2-bath, 1,518 square foot gulf front condo caught a buyer’s eye.  The sellers bought the unit in January 2014 in a short sale for $275,000, and have it listed for $395,000.

Three Oddly Shaped Bank-Owned Lots Under Contract March 2016 with List Price of $179,900

Our second contract is on three bank-owned oddly shaped contiguous lots listed for $179,900. Located on the gulf just south of Coneheads,  they’ve been trying to sell these since early 2014 when they first listed them for $215,000.

Cape San Blas Bay View Lot Under Contract March 2016 with List Price of $39,900Ovation Bay View Lot Under Contract March 2016 with List Price of $31,800

These next two contracts are in nearby Ovation, both bay view lots on Regatta Drive listed for $39,900 and $31,800 respectively. The sellers bought them back in 2012 for $19,000 apiece.

Cape San Blas Gulf View Home Under Contract March 2016 with List Price of $549,900

About a mile or so down the road in Seagrass, sellers accepted an offer on their 4-bedroom, 4 1/2-bath, 2,215 square foot gulf view home listed for $549,900, a bit of a hit since the bought it for $890,000 in 2005.

Cape San Blas Bay Front Lot Under Contract March 2016 with List Price of $299,000

Some buyers were eagerly anticipating scallop season setting their sights on this 100′ by 471′, 1.1-acre bay front lot overlooking Pig Island. It’s listed for $299,000, and last sold in 2003 for $269,000.

Bank-Owned Gulf View House at Cape San Blas Under Contract March 2016 with List Price of $384,900

We’ll head down to the south side of the Cape for contract number seven, which is on another bank-owned property, this one a 4-bedroom, 2 1/2-bath, 2,122 square foot gulf view home on Plover Drive in San Blas Plantation listed for $384,900. This home was built in 2005 and has a nice in-ground pool, outdoor spa and tiki bar.

Cape San Blas Third Tier Lot Under Contract March 2016 with List Price of $74,900

We’re doing things in pairs today, apparently, as our next two contracts are both on McCosh Mill Road in Piney Woods, beginning with this “X” zone, third tier property listed for $74,900. It’s right across the street from the community pool. The sellers bought the 60′ by 95′ flag lot this past October for $50,000.

Cape San Blas First Tier Lot Under Contract March 2016 with List Price of $114,900

The other Piney Woods contract is on a 65′ by 83′ X zone first tier lot listed for $114,900 which last sold in September 2013 for $60,000.

Indian Pass Gulf Front Lot Under Contract March 2016 with List Price of $230,000

We’ll end the day over on Indian Pass where buyers put a down payment on their piece of paradise, a 60′ 520′, three-quarter-acre gulf front lot listed for $230,000. That price includes current DEP permitting for a 5-bedroom, 3-bath,  3,300 square foot heated and cooled home with private pool. The sellers paid $300,000 for the lot in October 2009.

That does it for this week. Glad to see this continuing interest in our market.  Things are definitely heating up so let me know if you’d like to find something of your own. Call or text me at 850-227-5197 or shoot me an email to [email protected] and we’ll get started. Thanks so much for taking time to stop by today and hope to see you back real soon.

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