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Cape San Blas Real Estate Week in Review - July 15-21, 2017

Published on July 21, 2017 by Sherri Dodsworth under Cape San Blas

  Fairly quiet real estate along our shores this week compared to what we’ve been seeing so far this summer, with three sales and three new contracts, seven new listings and eight price changes.  Our inventory bumped up by one ending the week with a total of 272 active MLS listings in the Cape San Blas, Indian Pass and C-30 market, with 84 homes and 188 lots for sale.

Cape San Blas Newly Built Home in Jubilation Under Contract June 2017 with List Price of $679,900

The first two of our three sales are in Jubilation on the south side of the Cape beginning with this brand new 4-bedroom, 4 1/2-bath, 2,537 square foot home listed for $679,900.  The seller bought the “X” zone lot just last summer for $69,000, so they got this beauty built pretty quickly.  The new owners picked up the keys at closing last Thursday for $635,000, but the sale wasn’t recorded in the MLS until Saturday.  Jubilation is the sister community to Ovation on the north side of the Cape, both projects having been developed by Ashwood Development of Atlanta in the mid-2000’s. Amenities here include a landscaped entrance, underground utilities, a gulf front pool and walkway to the beach

Cape San Blas Gulf View Lot in Jubilation Under Contract July 2017 with List Price of $59,000

Just around the corner,  this 50′ by 80′, 0.15-acre lot on Loggerhead Lane went under contract on the first of the month with a list price of $59,000, a far cry from the $575,000 it went for in 2005.  The X-zone lot should offer a gulf view when the new owners build.  On Wednesday, the sellers signed over the title to the new owners for $55,000.

Bay Front Parcel by Buffer Preserve Sold July 2017 for $121,500

This third sale showed up as a sold that went under contract on the first of June, but was never entered as a new contract and which read “entered for comp purposes” in the sale details when its status was changed from active to sold so I’m not sure what the deal is here. Anyway, the sellers bought the half-acre, 122′ Bayfront lot bordering the St. Joe Buffer Preserve over on C-30 back in 1997 for $61,000, listed it in December 2015 for $215,000, lowered that price to $199,000, and closed on Monday for $121,500. The buyer was FDEP (Florida Department of Environmental Protection).

Cape San Blas Gulf View Home with Pool Under Contract May 2017 with List Price of $639,900

OK, now on to our three new contracts. First up, a second tier home on Tobago Drive, the street on the north side of The Cape Tradin’ Post.  This one may seem familiar as it was briefly under contract once before in mid-May. On Thursday, the owners accepted a new offer on their 5-bedroom, 4-1/2-bath, 1,866 square foot home listed for $639,900. That’s just a smidgen more than the $635,000 they paid for it ten years ago in the summer of 2007.

Cape San Blas Gulf Front Townhouse Under Contract July 2017 with List Price of $439,000

A few blocks further south on Caymen Lane, buyers fell in love with this 2-bedroom, 2-bath, 1,120 square foot gulf front townhouse listed just three weeks ago for $439,000. The owners have totally transformed this beach retreat  since buying it in late 2014 for $299,000. Beautifully renovated with all new furnishings. That’s a pretty awesome view!

Cape San Blas First Tier Gulf View Lot Under Contract July 2017 with List Price of $235,000

Our third and final new contract is on a 75′ by 270′, roughly half-acre first tier lot just a bit north of Scallop Cove listed for $235,000. The sellers bought the “X” zone lot in late 2000 for $54,000.

That does it for this week. We’re still moving some choice value-priced properties, so as we like to say along the shore, “the water’s fine – jump on in”! If you’d like to test the waters for some great deals, call or text me at 850-227-5197 or shoot me an email to [email protected] and we’ll get to work. Until then, have a great week, don’t forget that sun screen, and thanks for taking time to stop by today.

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