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Cape San Blas Real Estate Week in Review - Feb. 25 - Mar. 3, 2017

Published on March 7, 2017 by Sherri Dodsworth under Cape San Blas

For Sale and SoldGeez, Louise!!!!!  What a streak!  I fully intended to have this completed on Sunday but there have just not been enough hours in a day  churning to keep up with customers and clients.  Exciting to have so much going on but the pace has been amazing. Last week we had three sales and wrote nine new contracts. Sellers added on fifteen new listings and changed prices on eight others.  Even with all those new listings, our inventory still managed to shed three, ending the week at 243, with 76 homes and 167 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Lots to see today so let’s get rolling.

The first of our three sales is up in Sea Cliffs starting off with this 4-bedroom, 4 1/2-bath 1,944 square-foot gulf view townhouse listed for $299,000. This is one of the few units in this complex with an attached garage and an additional deeded parking space. The home is being sold furnished and has an elevator. The sellers are the original owners who bought it from the developer in 2001 for  $294,900, and on Monday they sold it for $291,000.

Newly Built Cape San Blas Glf Viw Home Under Contract January 2017 with List Price of $459,900

Down on the south side of the Cape in Surfside Estates, our second sale is a newly built 4-bedroom, 3 1/2-bath, 1,680 square foot first tier home listed for $459,900. The sellers bought the lot in July 2015 for $129,000, and sold the home on Monday for $434,000.

Cape San Blas Bay View Lot Under Contract Feb. 2017 with List Price of $40,000

Seems as if we’ve been seeing this scene every week for several week now as one after another of the lots along this lane have gone under contract and sold. This week’s model is a 100′ by 150′, third-of-an-acre, “X” zone lot listed for $40,000, which sold on Friday for $41,750.

Two Gulf View Secluded Dunes Lots on Cape San Blas Under Contract March 2017 with List Price of $352,000

To begin our review of this week’s nine new contracts, we’ll head back to the north side of the Cape to Secluded Dunes where two of the northernmost private lots went under contract on Monday with a list price of $352,000 for the pair. The 1.7 acre property measures 110′ by 684′, and contains a fair amount of wetlands. Secluded Dunes is the northernmost subdivision on the Cape, bounded on its northern and eastern boundaries by the state park.

Cape San Blas Gulf View Townhouse Under Contract Feb. 2017 with List Price of $229,000

A few blocks south in nearby Barrier Dunes, our second contract is on this recently listed 2-bedroom, 2-bath, 1,197-square-foot gulf view townhouse on Sandpine priced at $229,000.  This is an estate sale. She needs a fair amount of a TLC to restore her to her former promise when she was built in 1985, but with a lot of fresh paint, some basic repairs, remodeling and updated furnishings, she should be quite a wonderful beach retreat with great rental potential.

Cape San Blas Bay View Lot Under Conract March 2017 with List Price of $79,000

Our next two sales are on recently listed lots in Peninsula starting with this 100′ by 220′, half-acre bay view lot listed for $79,000.  Peninsula estates is one of the original subdivisions on the Cape, platted late 70’s/early 80’s. It spans from bay to gulf, and all properties within convey with deeded bay and gulf access.  There are recorded covenants, but no HOA or HOA fees.

Cape San Blas Bay View Lot Under Contract with List Price of $89,000

The second bay view Peninsula Estates lot is on Sandlewood Blvd., also measures 100′ by 220′, and is listed for $89,000. The seller bought the two of them in July 2004 for $280,000.

Cape San Blas Gulf Front Home UnderContract Feb. 2017 with List Price of $1,197,500 List Price

Less than half a mile further south is Cape Breezes, a similarly situated subdivision also platted in the late 70’s. Like Peninsula Estates, it, too, spans from the bay to gulf, has recorded covenants but no HOA or HOA fees, and all lots convey with gulf and bay deeded access. It’s the site of our fifth contract, a 3-bedroom, 3-1/2-bath, 1,825 square-foot, recently built gulf front home with an in-ground pool listed for $1,197,500. The sellers purchased the 100′ wide lot in 2013 for $250,000.

Cape San Blas Gulf Front Lot Under Contract March 2017 with List Price of $520,000

Just south of Rish Park in Rosemary Dunes, buyers had their offer accepted on a half-acre, “X” zone gulf front lot listed for $520,000. The seller purchased this lot in December 2013 for $285,000.

Cape San Blas First Teir Lot Under Contract Feb. 2017 with List Price of $50,000

Heading down to the south side of the Cape for our seventh contract, another irregularly shaped lot, this one a first tier quarter-acre property listed for $50,000. The main parcel measures roughly 44′ by 260′.  The seller purchased it in the summer of 2015 for $55,000.

Cape San Blas Corner Lot Under Contract March 2017 with List Price of $50,000

Contract number eight is in nearby Surfside Estates where sellers accepted an offer on their 98′ by 122′, quarter-acre corner lot listed for $50,000.  The AE flood zone lot last sold in 2004 for $205,000.

Bay View Lot Under Contract March 2017 with List Price of $55,000

We’ll head off the Cape for the first time today heading over to Treasure Bay where the parties shook hands on this 100′ by 220′, half-acre, bay-view lot listed for $55,000, a nice increase over the $14,900 the sellers bought it for in 2000. Treasure Bay is in a FEMA-eligible area.

We made it! That was a lot of action for just one week. This rapid pace is showing no signs of letting up.  Demand is strong and competition for properties is stiff, and I’m once again encountering more and more situations of multiple offers on properties. So if you’re thinking of buying or selling, please call or text me at 850-227-5197, or drop a note to [email protected] .  Have a great week, and thanks so much for taking time out of your busy schedule to stop by today. I sincerely apologize for the delay in posting this update, and hope to have next week’s out to you right on time.

 

 

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