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Cape San Blas Real Estate Week in Review - June 18-24, 2016

Published on June 24, 2016 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignIt’s officially summer now and our sales here along the Forgotten Coast seem to be on a bit of a vacation as for the second week in a row we have had another fairly quiet week, with just two closings, three new contractssix new listings, and new price tags on six others.   Our inventory inched up by three, closing the week at 268, with 89 homes and 179 lots listed in the MLS in the Cape San Blas, Indian Pass and C-30 Corridor market.

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

The first of our two sales is 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 drain fields for septic. The new owners took title for $30,000 cash.

Indian Pass Lagoon View Lot Under Contract April 2016 with List Price of $19,900

Our second sale takes us towards the far end of the Indian Pass Peninsula to the lagoon side of Higgins Street in Indian Pass Beach subdivision. Buyers had their offer accepted on this 70′ by 115′ low-lying lot listed for $19,900. The seller bought it in 2001 for $4,500, and sold it on Monday for full price of $19,900.

Barrier Dunes Townhouse at Cape San Blas Under Contract June 2016 with List Price of $269,000

The first of our three new contracts takes us up to Barrier Dunes on the north end of the Cape where sellers accepted an offer on their 2-bedroom, 2-bath, 1,216 square foot townhome on Sandpine Drive. They bought it at a short sale in early 2012 for $132,000, have brought in some new furnishings and spruced the place up quite nicely. They now have it under contract with a list price of $269,000.

Cape San Blas First Tier Lot Under Contract June 2016 with List Price of $147,500

Contract number two is a quick resale of a property on Bamba Lane that the seller purchased just three weeks ago from Cadence Bank on the first of June for $127,000. They immediately put it back on the market, asking $147,500, and on Thursday accepted an offer on it. It’s a very oddly shaped piece of property.

Cottages at Indian Summer Lot Under Contract June 2016 with List Price of $37,900

More activity over at The Cottages of Indian Summer with buyers selecting this quarter-acre, second tier lot for their future homesite. The property is on the cul de sac and directly across the street from the pedestrian access to the beach. The seller bought it in late 2011 for $27,500 and has it listed for $37,900.

That didn’t take long. Two slow weeks does not a trend make, but it is worth taking note of. Call or text me at 850-227-5197 or shoot me an email to [email protected] if you’re interested in searching for or selling a coastal property. Have a terrific week, and thanks so much for taking time to stop by today.

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