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Cape San Blas Real Estate Week in Review - Dec. 24-30, 2016

Published on December 31, 2016 by Sherri Dodsworth under Cape San Blas

Santa cruised through the Cape while making his rounds this week and brought four lucky buyers beach properties to call their own. One bargain hunter wrote up a contracttwo owners listed their properties for sale while just one other opted for a price change. Our inventory dropped by ten, closing the week at 238, with 79 homes and 159 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.


The first of our four sales is up in Barrier Dunes where in mid-November buyers stroked an offer on this 3-bedroom, 3 1/2-bath, 1,172-square foot townhouse listed for $258,900. The sellers bought it for a bargain in 2013 as a bank-owned sale from FNMAE for $190,000.  Back in 2004 it sold for $348,800, and this week it went for $245,000.


About a quarter mile south of Barrier Dunes, if that, is a gorgeous rare entity, a 3.22 acre bay front lot with 240′ of water frontage right by the state park.  It’s located off of Blue Heron Drive, the street just to the south of Coneheads Restaurant. It went under contract in mid-November with a list price of  $334,900, and on Wednesday sold for $280,000 with conventional financing.


Just about 3 miles further down the beach, our third sale is 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. On Tuesday, new owners took title for $240,000.


Our fourth and final sale takes us to Barbados Drive in Turtle Dunes where this cute and cozy little 2-bedroom, 2-bath, 780 square-foot gulf view cottage situated on a quarter-acre lot was listed for $319,000.  The sellers picked up the circa 1991 home in 2003 for $275,000, and sold it on Wednesday for $297,000.


Our lone new contract is down on the south side of the Cape in Jubilation where this handsome 4-bedroom, 3-1/2-bath, 2,403 square-foot spec home went under contract on with a list price of $489,900. Jubilation is the sister development of Ovation, both projects having been done by Ashwood Development of Atlanta in the mid-2000’s. Jubilation was their first community here on the Cape and they did quite well selling most if not all of the lots near the top of the market boom. Today’s home builder purchased the lot on which it’s located in October 2015 for $43,000, a real bargain compared to the $335,000 it sold for at the end of 2004. If this has a familiar look to it that may be because it was briefly under contract once before in September.

With that, we’ll bring the year to a close. I wish you and your loved ones good health and happiness in the New Year, and I want to thank all of you I’ve worked with, met with and talked with this past year who have helped to make 2016 such a memorable one for me. Have a safe holiday and thanks so much for taking time during this busy season to stop by. See ya next year!


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