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Cape San Blas Real Estate Week in Review - April 16-22, 2016

Published on April 22, 2016 by Sherri Dodsworth under Cape San Blas

For Sale Sold Sign  We’ve had a lot of visitors here this week enjoying our gorgeous beaches and a good number of them took time out from their fun in the sun to claim a little portion of our paradise for their very own. We managed three sales and four new contracts, added thirteen new listings, and changed prices on seven others. All this resulted in an uptick in our inventory, closing up by 2 at 266, with 87 homes and 179 lots listed in the Cape San Blas, Indian Pass and C-30 Corridor MLS. Let’s take a look at what’s moving.

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

We’ll kick off our review of this week’s three sales on the south side of the Cape on McCosh Mill Road in Piney Woods where with this “X” zone, third tier property went under contract in mid-March with a list price of $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, and have sold it for $65,000.

Bay View Subdivision Under Contract with List Price of $300,000

Let’s leave the Cape and head on over to Simmons Bayou for a unique offering, a 16-lot subdivision listed for $300,000. According to the MLS, it includes a common area parcel for recreational area and community pool. HOA docs with covenants, conditions and restrictions are in draft form and ready to be recorded or amended. An investor decided to give it a try and put down $325,000 at closing to see what can be done with it.

Indian Pass Lagoon Front Proprety Under Contract April 2016 with List Price of $50,000

Our third sale is over on Indian Pass with this 5+ acre lagoon front parcel under contract with a list price $50,000.  Looking at the aerials there appears to be a lot of wetlands and marshland included in the acreage which makes that price tag make sense. According to the county records this is a probate sale and I didn’t find any pertinent prior sale records so I suspect it has been in the family for some time.  Cash talks once again, and the parties went to closing on Thursday, settling for full price of $50,000.

Barrier Dunes Single Family Home Under Contract April 2016 with List Price of $449,000

The first of our four new contracts is on the north end of the Cape in Barrier Dunes, and it’s an offering of a sort we don’t often see there, one of a handful of super cute Key-West style beach cottages. This one is a 3-bedroom, 3-bath, 1,364-square foot model built in 1993. I love the three-sided wrap around porches on both levels.  The sellers bought it in December 2009, and have it listed for $449,000.

Cape San Blas Bay Front Lot Under Contract April 2016 with List Price of $275,000

About a mile down the road in my neck of the woods, Cape Breezes, this 100′ by 320′ bay front lot went under contract within days of it hitting the market sporting a $275,000 price tag. This neighborhood is one of the original subdivisions on the Cape, dating from the early 80’s, and spans from the bay to the gulf. There is no HOA, no HOA fees, and all owners enjoy deeded gulf and bay access.

Cape San Blas Beach Cottage Under Contract April 2016 with LIst Price of $184,000

Next stop: Jamaica! Drive, that is. That’s the little beach road that meanders down behind the south side of The Tradin’ Post. Someone penned a deal on this 2-bedroom, 1-bath, 520 square foot retro beach cottage listed for $184,000.  The sellers picked it up back in the summer of 2004 for $155,000.

Treasure Shores Gulf Front Home Under Contract April 2016 with List Price of $879,000

We’re leaving the Cape again, this time heading over to Treasure Shores where buyers snapped up this 3-bedroom, 3-1/2 bath, 3,271 square foot gulf front home just two days after it was listed for $879,000.The home was built in 2002 on a 75′ span of beach front. In early 2012, the sellers bought it in a foreclosure sale for $649,000.

That does it for this week. If you’re interested in finding out about coastal opportunities or if you’re considering selling, let me know and I’ll be glad to help you either way. Call or text me at 850-227-5197  or shoot an email to [email protected] . Have a terrific week, and thanks so much for taking time out of your schedule to stop by today.

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