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Cape San Blas Real Estate Week in Review - Oct. 7-13, 2017

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

For Sale Sold SignReal estate has been very quiet around here this week and I can’t pinpoint any specific reason as to why that may be the case. Rentals seem to be strong, the weather is good, and interest rates are unchanged. Nonetheless, we only managed two sales and one new contract. Sellers added five new listings, and changed prices on five others.

Cape San Blas 2nd Tier Lot Under Contract August 2017 with List Prie of $189,000

The first of our two sales is this second tier, gulf view lot in The Preserve at the Cape, a new little subdivision adjacent to the north end of Seagrass. This 75′ by 112′, 0.19-acre property listed for $189,000 seemed like the perfect homesite for buyers who had their offer accepted in late August.   They were able to take title on Tuesday for $179,000.

Our second sale is over on Indian Pass where a vintage Lagoon front 4-bedroom, 2-bath, 2,138 square foot home that was built in 1923 went under contract recently with a list price of $449,900. The walls are pecky cypress, there are inviting porches all around, and a screened in-ground pool. It has been in the family for quite some time, so I found no significant sales history in the county records.  The parties agreed to close on Friday for $325,000 cash.

Cape San Blas First Tier Gulf View Home Under Contract July 20107 with List Price of $499,000

Now to our one new contract on the north side of the Cape in Peninsula Estates where buyers had their offer accepted on this 3-bedroom, 2-bath, 1,388 square foot first tier gulf view home sporting a $499,000 price tag. If this looks familiar it may be because it was under contract once before back in July but subsequently fell out of contract. The circa 1995 vacation rental home is situated on a corner “X” zone lot, and features an in-ground pool. All of the properties in this neighborhood include deeded gulf and bay access. Peninsula Estates has recorded covenants, but no HOA nor HOA fees.  The sellers have owned the home for some time, purchasing it in 1998 for $174,000.

That’s a wrap for this week. If you’re interested in seeing what you might be able to find along the coast for your self while prices are so low, or if you’re thinking of selling, I’d love to hear from you. I’ll be glad to help you either way. Try me on my cell at 850-227-5197 or shoot me an email to [email protected] . Have a terrific weekend and thanks for taking a few minutes to stop by today.








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