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Cape San Blas Real Estate Week in Review - Nov. 5-11, 2016

Published on November 11, 2016 by Sherri Dodsworth under Cape San Blas

For Sale and SoldWhat a wild and tumultuous week. The 22-month campaign marathon finally, mercifully came to an end, and hopefully, with that unknown outcome settled, people who have been on the sidelines waiting to make real estate decisions will return to the marketplace.  We had just one closing, but did manage to write up five new contracts. Sellers added three new listings and changed prices on eight others.   Our inventory continues to slowly whittle its way down, coming in this week with a total of 272 active MLS listings in the Cape San Blas, Indian Pass and C-30 Corridor market, down 2 from last week, with 90 homes and 182 lots.

5-acres-on-the-gulf-at-cape-san-blas-under-contract-october-2016-with-lis-price-of-2-769m

Our solo sale is on the Cape and it’s a beauty, an outsize parcel measuring,  238′ by 950′, 5 acres on the gulf listed for $2.769M.  I didn’t find any significant previous sales data on line. This parcel fronts the western-facing beach on the Cape. The new owners took title on Monday for $2,082,500 cash.

cape-san-blas-bay-view-home-under-contract-november-2016-with-list-price-of-629000

We’ll kick off our review of this week’s five new contracts on the Cape in Ovation, where buyers fell in love with this handsome 5-bedroom, 3 1/2-bath, 2,278 square foot bay view home listed for $629,000. It was built in 2014, and the sellers bought it in April 2015 for $575,000.

cape-san-blas-gulf-view-home-under-nov-2016-with-list-price-of-319000

About 2-1/2 miles down the road on Barbados Drive in Turtle Dunes, our second contract is on  this cute and cozy 2-bedroom, 2-bath, 780 square-foot gulf view cottage listed for $319,000.  The circa 1991 home is situated on a quarter-acre lot. Back in 2003 the sellers picked it up for $275,000.

cape-ssan-blas-bay-front-lot-under-contract-nov-2016-with-list-price-of-179900

We’ll travel down to the south side of the Cape for contract number three, which is on a 1.4-acre bay-front lot listed for $179,900.  This is across the street from the Villa Del Dol tract. It has 193′ of waterfront, and last sold in the summer of 2004 for $450,000.

c-30-lot-under-contract-nov-2016-with-list-price-of-69100

Heading off the Cape now over onto C-30 to a gulf view lot on the north side of the road listed for $69,100. The 72′ by 193′, 0.32-acre lot was purchased by the sellers in February 2015 for $32,000.

gulf-pines-gulf-front-lot-under-contract-nov-2016-with-list-price-of-399900

We’ll wrap things up over in Gulf Pines where buyers just had to have this beautiful 75′ wide gulf front lot that’s a little over half an acre.  Gulf Pines is in a FEMA-eligible area, and has HOA fees of only $200 per year.  The sellers have owned this lot since way back in 1986 when they bought it for the unbelievable price of $35,000!  Slide that decimal point to the right by one to get it a little closer to today’s list price of $399,900.

That didn’t take long – not a whole lot to cover this week. If you’re interested in checking out some of the attractive values out there, let me know – call or text me at 850-227-5197 or shoot me an email to [email protected] and let’s get started. Have a terrific week and please stop back soon and, as always, thanks so much for taking time to stop by today.

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