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Cape San Blas Real Estate Week in Review - Sep. 3-9, 2016

Published on September 9, 2016 by Sherri Dodsworth under Cape San Blas

September sales continue to roll right along as we logged another good week, with five sales, three new contracts, four new listings, and price changes on three others. Our inventory remains essentially unchanged, closing down just one at 264, with 91 homes and 173 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS.

Gulf View Lot at Secluded Dunes Under Contract July 2016 with List Price of $139,000

The first of our five sales is on the north end of the Cape in Secluded Dunes where this 102′ by 372′, 0.85 acre first tier lot went under contract in mid-July with a list price of $139,000. The seller purchased this with a number of other parcels in mid-2000 so no individual sales data on this lot alone. He sold it on Tuesday for $120,000.

Cape San Blas Gulf View Home Sold September 2016 for $512,000

Is that a great view or what?! I never tire of the beauty of our beautiful teal coastal waters. On Tuesday happy new buyers claimed that view as their own when they closed on this 4-bedroom, 4 1/2-bath, 1,824 square foot home on Belize Drive.  Built in 2002 on a half-acre lot, the sellers bought it in January of 2013, had it listed for $539,000, and sold it for $513,000.

Interior Lot on the South Side of the Cape Under Contract August 2016 with List Price of $44,900

Sale number four is a 110′ by 130′, one-third-acre interior lot in San Blas Plantation that went under contract the first week of August with a list price of $44,900. This subdivision offers deeded gulf access to each owner, and has a reciprocal agreement with the Eventide subdivision across the street with whom they share a bay access agreement. In December 2004 this lot sold for $240,000, and on Thursday it closed for $40,000.

Second Tier Gulf View Lot on C-30 Under Contract July 2016 with List Price of $52,000

We’ll leave the Cape and travel east on C-30 towards the world famous Indian Pass Raw Bar, stopping in Sweetwater Shores where buyers took to a 70′ by 195′, one-third acre second tier lot on the north side of C-30. The sellers bought it in a bank sale in early 2014 for $37,000, had it listed for $52,000, and sold it on Tuesday for $45,000.

Treasure Shores Gulf Front Home Under Contract August 2016 with List Price of $899,900

Our fifth and final sale is this 4-bedroom, 3-bath, 1,886 square foot gulf front home in Treasure Shores listed for $899,900. The home was built in 1997 and is situated on a 75′ wide gulf front lot. It’s a popular rental property, generating a gross rental income last year of a very impressive $130,050. The sellers bought it in January 2009 for $625,000, and handed over the keys at closing on Friday for $875,000.

Gulf View Ovation Home Under Contract September 2016 with List Price of $665,000

Yes, our gulf waters really look like that. The first of this week’s three new contracts is on the beautiful 3-bedroom, 3-bath, 2,205-square foot custom home in Ovation listed for $665,000. Every room affords spectacular gulf and/or bay views. Back in the summer of 2005 the developer got $450,000 for the lot alone. By 2012, it was a bank-owned property and today’s sellers picked it up for the bargain basement price of just $65,000.

Gulf Pines First Tier Home Under Contract September 2016 with List Price of $549,000

Buyers were all about those water views this week. Our second sale is over in Gulf Pines and it’s on a 3-bedroom, 3-bath, 2,400-square foot first tier home listed for $549,000.  It’s FEMA eligible and has a separate suite downstairs. The sellers have owned it since 1995 when they bought it for $130,000.

First Tier Gulf View Lot in Treasure Shores Under Contract September 2016 with List Price of $149,900

To wrap things up today we return to Treasure Shores where buyers had their offer accepted on this quarter-acre first tier lot.  Treasure Shores is also a FEMA eligible neighborhood.  The sellers bought it in early 2000 for $55,000, and went under contract last Sunday with an asking price of$149,900.

That does it for this week. Lots going on – if you’re interested in finding a great value of your own, call or text me at 850-227-5197 or contact me at sherri@sherridodsworth and we’ll get started. I hope to hear from you soon, and really appreciate your taking time to stop by today.

1 Comment on 'Cape San Blas Real Estate Week in Review – Sep. 3-9, 2016':

Becky on 09/10/16:

is the sale price on the Ovation property an error? $65K? What is the story on this transaction?

1 replies:

Sherri Dodsworth on 09/10/16:

No typo - in 2012, the lot alone was bank-owned and they sold it to today's sellers for $65,000. The sellers built the home that just went under contract two years later in 2014.

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