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Cape San Blas Real Estate Week in Review - May 28-June 3, 2016

Published on June 3, 2016 by Sherri Dodsworth under Cape San Blas

For Sale and SoldOur healthy market pace continues this week as we closed three sales and added seven new contracts.  Sellers added thirteen new listings, two of which are already under contract, and changed prices on two others, one of which was a price increase. Even with all those new listings, our inventory managed to shed two, closing the week at 264, with 84 homes and 180 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. Let’s see what’s moving.

Cape San Bla-s Interior Bay View Lot Under Contract May 2016 with List Price of $85,000

The first of our three sales is just south of the newly renovated and recently re-opened Coneheads restaurant on Spinnaker. Here the parties came to terms on a 226′ by 248′, 1.29 acre interior lot for which the seller was asking $85,000. They closed on Friday settling at $83,000.  This lot was one of several cut from a larger parent parcel the seller purchased in 2012 for $115,000.

Lot of Gulf Side of Cape San Blas Road Under Contract with List Price of $94,500

About a mile and a half further down Cape San Blas Road just past Westwind drive on the gulf side, two weeks ago buyers wrote an offer on this 95′ by 166′, one-third acre lot listed for $94,500.  All the properties in this little subdivision known as Paradise Gulf enjoy deeded access to both the gulf and bay.  The parties settled on Tuesday for $90,000.

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

Some folks were eagerly anticipating scallop season setting their sights on this 100′ by 471′, 1.1-acre bay front lot overlooking Pig Island. The sellers bought it in 2003 for $269,000, had it listed for $290,000, and signed over the title to the new owners on Tuesday for $282,150.

Cape San Blas Gulf View Lot Under Contract June 2016 with List Price of $79,900

Cape San Blas First Tier Lot Under Contract June 2016 with List Price of $92,750

Now on to our seven new contracts, returning to just south of Coneheads where these two quarter-acre lots on Bamba Lane were listed and put under contract on Wednesday. Lot 1 was listed for $79,900 and lot 2 for $92,750.  This little micro-subdivision includes sewer, water and underground utilities, and provides deeded gulf access.

Cape San Blas Bay Front Lot Under Contract May 2016 with List Price of $214,900

More bay front action with a couple settling on this appealing parcel just north of the tip of Pig Island. It is a half-acre parcel, partially cleared, with a driveway in place, a DEP-approved dock permit, and 65′ of waterfront. The sellers have it listed for $214,900.

Cape San Blas Gulf View Duplex Under Contract May 2016 with List Price of $289,000

Down on Aruba this newly-listed gulf-view 2-bedroom, 2-bath, 1,992 square foot “X”-zone duplex entered the market Thursday a week ago for $289,000 and went under contract on Sunday. The sellers bought it in January 2004 for $120,000.

4 Gulf Front Homes Near Cape San Blas Under Contract May 2016 with List Price of $2.2M

Here’s a unique offering I haven’t seen the likes of which in the nine years I’ve been writing this blog. An investor listed four of his gulf front single family homes as a single offering just recently for $2.2M, for an average of just $550,000 apiece.  The offering includes 200′ of gulf front, 2 acres of land, much of which is in the “X” zone, in a FEMA eligible area along C-30, just east of the turn off onto Cape San Blas Road. The homes were built in 1998 and are vacation rental properties.

Treasure Shores Gulf Front Lot Under Contract June 2016 with List Price of $399,000

Buyers trounced on this Treasure Shores gulf front lot within days of it debuting in the MLS. This 75′ wide, half-acre, FEMA-eligible beauty was listed Wednesday a week ago for $399,000 and went under contract this past Wednesday. The seller has owned the property since 1984 when she purchased it for just $46,000.

Indian Pass 2nd Tier Lot Under Contract June 2016 with List Price of $35,000

We’ll wrap things up today over at The Cottages of Indian Summer where the parties agreed to terms on this irregularly shaped quarter-acre, second tier lot listed for $35,000. The Cottages are in a FEMA eligible area, have a community pool, deeded beach access, and in-place drainfields for septic.

And just like that, we’re all up-to-date.  There are still some very attractive opportunities on the market so if you’re toying with the idea of calling a piece of coastal property your own, let’s get to it. Call or text me at 850-227-5197 or shoot me an email to [email protected] and we’ll get started. Have a terrific week, and thanks so much for taking time to stop by today.

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