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Cape San Blas Real Estate Week (and a Day) Review - Nov. 18-25, 2016

Published on November 25, 2016 by Sherri Dodsworth under Cape San Blas

 I hope you had a terrific Thanksgiving with family and friends. It was a gorgeous day on the Cape, balmy, sunny and clear. Lots of people here for the holiday, with this traditionally being when our many absentee owners who rent their homes block the week out for them and their families to use. Even with travel, turkey, football and fishing on visitors’ minds, we still managed to carve out one sale and serve up six new contracts, six price changes, and seven new listings. Accordingly, virtually no change in our inventory, adding only one to close at 270, ending the week with 91 homes and 179 lots listed for sale in the Cape San Blas, Indian Summer, and the C-30 Corridor market.


Our one and only sale is in Peninsula Estates, about a half mile south of the state park, where buyers penned a contract in late October 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, and sold it on Monday for $50,000.


Now on to our six new contracts, starting with this 3-bedroom, 2-bath, 1,620-square foot gulf-front home on Clipper Way listed for $699,000. It was built in 2000 in Feather Sound, one of the earliest subdivisions on the Cape; there are recorded covenants but no HOA or HOA fees. The sellers bought the home in 2014 for $475,000; the folks they bought it from paid $525,000 for it back in December 2001.


On Barbados Drive in nearby Turtle Dunes, our second contract is on a newly built 3-bedroom, 2-bath, 1,838 square-front gulf view X-zone home listed for $495,000. The contractor who built this spec home bought the lot back in February for $98,000.


Just a little further down the beach, contract number three is on a gulf view condo listed for $245,000. This 2-bedroom, 2-bath, 1,300-square front unit is in a quadplex built in 1985.  In 1992, two principles bought it for $50,000; in 1998, today’s seller bought out the other owner’s one half interest in the unit for $35,000.


We have very few condos on the Cape, so it’s odd that we would have contracts on two in one week. Down on the south side of the Cape in the Club at Cape San Blas, buyers had their offer accepted on this 3-bedroom, 2-bath, end-unit gulf-front condo lsted for $425,000. The sellers bought it from the developer back in 2006 for $694,900.


We’re leaving the Cape and heading out onto C-30 for our fifth contract which is on a 344 ‘ by 500’, 3.98-acre parcel on the north/left side of the road about 2 miles east of the world famous Indian Pass Raw Bar.  The sellers bought it back in 1997 for $34,000.


We’ll wrap things up today over on Oak Street on Indian Pass where the parties shook hands on this 75′ by 105′, 0.18-acre lot with a 360 square foot shed listed for $99,000. The property has a well and temporary power pole.  The sellers bought it in 2002 for $85,000.

That does it for this week. Since this weekend officially kicks off the Christmas shopping season, if you’re considering a place at the beach for that special someone on your list, by all means let me know and I’ll gladly play the part of Santa’s helper to help you find it. You can call or text me at 850-227-5197 or email to sherri@sherridodsworth. Have a great week, don’t overdo it on those leftovers, and thanks so much for stopping by today.

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