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Cape San Blas Real Estate Week in Review - Week of April 8-14, 2017

Published on April 14, 2017 by Sherri Dodsworth under Cape San Blas

For Sale and SoldWe have a lot of visitors here for Easter weekend, but sales certainly haven’t taken a holiday, as we closed five sales and wrote eight new contracts, listed five new properties and trotted out two price changes. Even with all that activity our total inventory remains unchanged, closing the week once again at 252, with 74 homes and 178 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

secluded-dunes-first-tier-home-under-contract-november-2016-with-list-price-of-719900

We’ll kick off our look at this week’s five sales up on the north end of the Cape, beginning with this 3-bedroom, 3 1/2-bath, 2,400 square-foot, first-tier home on Secluded Dunes Drive listed for $719,900. It’s being sold furnished, has an elevator, and comes with deeded gulf access. According to county records, the sellers bought the lot alone in late 2004 for $515,000. They built the home in 2010, and first listed it in September 2015 for $825,000. The happy new owners picked up the keys this week for $690,000.

Bay View Lot on Hemmingway in Sunset Pointe with List Price of $68,900

Our second sale is on Hemmingway Circle in nearby Sunset Pointe, a subdivision south of Secluded Dunes. This 85? by 129?, 0.25-acre lot offers glimpses of the bay and State Park. This lot last sold in March 2016 for $47,500, was listed for $68,500, and sold on Wednesday for $65,000.

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

Just south of Rish Park in Rosemary Dunes, the parties went to closing on a half-acre, “X” zone gulf front lot listed for $520,000. The seller purchased this lot in December 2013 for $285,000, and sold it on Wednesday for $510,000.

Cape San Blas Gulf Front Twonhouse Under Contract March 2017 with List Price of $259,000

About a half mile south of Rosemary Dunes is Cape Shoals, where in late March buyers had their offer accepted on this 2-bedroom, 2 1/2-bath, 1,120 square foot gulf front townhouse listed for $259,000. These homes were built in 1986 and have been fighting back the approaching shoreline on a regular basis ever since. This particular unit sold in 2004 for $280,000, and on Thursday closed for $240,000.

Cape San Blas Gulf Front Home Under Contract Feb. 2017 with Lis Price of $689,000

Our next sale is a 4-bedroom, 3 1/2-bath, 1,620-square-foot, gulf front home on Sugar Loaf Lane just a bit north of Scallop Cove, listed for $689,000. It was built in 2001 and underwent extensive renovations in 2015. It’s a good rental property, grossing $116,000 in 2016. The sellers bought it in 2014 for $655,000, and sold it on Monday for $729,000. The sale was subject to an agreement to sign a 30-month lease agreement from the day of closing.

Cape San Blas Lot at Ovation Under Contract April 2017 with List Price of $49,000

The first of our eight new contracts is on the bay side of Ovation where buyers penned a deal on this irregularly-shaped, 0.13-acre bay view lot listed for $49,000. The sellers bought it in May 2012 during the developer’s fire sale for just $22,500.

Cape San Blas Gulf View Lot with Houseplans Under Contract April 2017 with List Price of $530,000

Just a hop, skip, and a jump down the road in Hibiscus Beach, sellers listed their gulf view, first tier lot on Monday for $530,000. That seems crazy high for a first tier lot, but the state owns a sliver of land between the lot and the shore line which will never be built on, so the owners essentially have a gulf front lot as far as their views are concerned. They bought the property in October of last year for $460,000 and have engineered houseplans they’re including with their asking price. They must have it priced right because it went on the market on Monday and was under contract by Tuesday.

Cape San Blas Bay Front Lot Under Contract April 2017 with List Price of $355,000

Across the street just south of Hibiscus Bay our next contract is on a 100′ by 800′ 1.84′ acre bay front lost listed for $355,000. This part of the bay has easy access to deeper water which the dock on this lot provides easy access to. The seller has owned the property since 1984 when they bought it for $37,500.

Cape San Blas First Tier Lot Under Contract April 2017 with List Price of $94,500

Down on the south side of the Cape just east of Cape Dunes, this next contract is on a 95′ wide by 316′, 0.81-acre first tier lot listed for $94,500. It is situated behind two gulf front lots.

Cape San Blas Gulf Front Home Under Contract April 2017 with List Price of $1.195M

Just a hop, skip and a jump down the road in Two Palms, contract number six is on this handsome 4-bedroom, 4-bath, 3,714 square foot gulf front home listed for $1.195M. The seller purchased it back in 2002 for $800,000. This exquisitely decorated and appointed home is described as follows in the MLS notes:

Inspired by a lovely villa in Sorrento, Italy. Interior decor and painting was accomplished by top decorative artist in the USA with attention to details. The home features: Australian Cypress wood floors, double glazed crown molding, trey ceilings with accent lighting, ten foot ceilings, antique period furnishings, and original art which will convey. The master bedroom enjoys breathtaking views of the Gulf, a sitting area, and a unique “sunrise glow” painted ceiling. The kitchen is equipped with GE profile, Jenn Air, and U-Line appliances.

Lagoon Front Lot Off C-30 Under Contract April 2017 with List Price of $41,000

Our last two contracts take us out along C-30 heading east past the Indian Pass Raw Bar stopping first at this 94′ by 413′, 0.77-acre lagoon front lot with electric and water in place listed for $41,000. The seller bought it as recently as February 2015 for $39,000.

Lagoon Front Lot off C-30 Under Contract April 2017 with List Price of $42,000

We’ll wrap things up today with another lagoon front lot on C-30, this one measuring 83′ by 267′, for 0.58 acre, listed for $42,000. This one last sold in mid-2011 for $25,000.

As you can see, consumer demand remains strong, so if you’re ready to get in the game let’s get started. Call or text me at 850-227-5197 or shoot me an email to [email protected]. I hope you have a pleasant Easter weekend with family and friends, and I appreciate your taking time out to stop by today.

 

 

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