Skip to content

Cape San Blas Real Estate Week in Review - Oct. 22-28, 2016

Published on October 28, 2016 by Sherri Dodsworth under Cape San Blas

I was beginning to wonder if election angst might be slowing things down a bit, but we had a decent week, closing three sales and writing up four new contracts. Sellers added seven new listings and changed prices on eight others.    Our inventory remains unchanged closing once again at 269, with 93 homes and 176 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.


We’ll kick off our review of this week’s three sales on the south side of the Cape in Jubilation where a 46′ by 119′ interior lot listed for $79,900 went under contract in mid-September. Back in 2004 it sold for $305,000, and this week it went for $65,000.

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

Our second sale is over in Gulf Pines. It’s a 3-bedroom, 3-bath, 2,400-square foot first tier home listed for $549,000.  The home is FEMA-eligible and has a separate suite downstairs. The sellers bought it in 1995 for $130,000, and sold it this week for an even $500,000.

Indian Pass Lagoon Front Home Under Contract July 2016 with List Price of $639,000

Our final sale is a lagoon-front home on Indian Pass  overlooking the Gulf of Mexico from high atop a lovely bluff.  This 3-bedroom, 3 1/2-bath, 2,076 square foot home was built in 2009. It went under contract at the end of September with a list price of $639,000, and the new owners picked up the keys at closing on Friday for $625,000.


Four new contracts this week and they’re a study in stark contrasts – two interior lots and two large parcels of gulf-front acreage. We’ll return to the north end of the Cape for our first contract, which is on a 69′ by 171′, quarter-acre lot on Labrador Drive in Park Point. The sellers bought it in early 2006 for $295,000, and have it listed for $47,500.


Half a mile or so south is Peninsula Estates where buyers penned a contract on this 75′ by 225′, third-of-an-acre “X” zone lot listed for $55,000. All of the lots in this subdivision include deeded gulf and bay access, and there are no HOA fees. The seller picked this up in the summer of 2008 for $79,000.


Two back-to-back rarities here – large acreage, gulf-front parcels on the Cape. First up, a stunning 8.7-acre piece with 417′ on the water and averaging 900′ deep. The seller has had this parcel for quite some time so I didn’t find any sales history on the property appraiser’s site.  It’s listed for $4.852M.


The other outsize parcel is a 238′ by 950′, 5-acre gulf front property listed for $2.769M.  Once again, I didn’t find any significant sales data on line. Both of these parcels front the western-facing beach on the Cape.

That does it for today. As you can see, there are still some tremendous values on the market; if you’re interested in finding out more let me know. 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. Thanks so much for taking time to stop by today – hope to see you back here next Saturday!

Be the first to comment

Thanks for leaving a comment. If you are new to leaving comments on my site, it will have to be approved before being posted.

Subscribe to the  Cape San Blas Blog

Follow along weekly from the convenience of your inbox.

Thanks for reaching out! I'll be in touch soon!

Coastal Realty Group
REALTOR logo Multiple Listing Service logo Equal Housing Opportunity logo

Property information provided by the REALTOR'S® Association of Franklin and Gulf Counties, Inc.. IDX information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.

© 2024 Chris Petrie. All Rights Reserved.

Privacy Policy Site Map