The demand for coastal real estate remains strong as buyers keep on stepping up to the table to claim their own little piece of paradise. We closed two sales, and buyers had their offers accepted on six properties. Sellers listed ten properties and changed prices on three others. We did manage to trim eight listings off our inventory, closing the week at 275, with 87 homes and 188 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor market. Let’s take a look at what’s moving off the shelves.
Only two closings this week, neither of which were Cape San Blas properties. he first sale is over on Indian Pass in Indian Summer where this 90′ by 340′ lot on Painted Pony Rd. went under contract two weeks ago with a list price of $110,000. It’s about three quarters of an acre, and last sold in 1999 for $41,500. This time around it fetched $102,000 with the buyer paying cash.
Sale number two is out on C-30 past the raw bar. The parties went to the closing table for this lovely country setting with this 3-bedroom, 3-1/2-bath, 2,000 square foot home listed for $349,000. It was built in 2000 on a 200′ by 200′, 0.92-acre lot. The sellers bought the home in mid-2002 for $195,000 and sold it on Friday for $335,000. This, too, was a cash sale.
Now on to our six new contracts the first of which is this 105′ by 644′, 1-1/2-acres gulf front lot on Cape San Blas Road just a short bit north of Scallop Cove. The sellers bought it in the summer of 2015 for $750,000 and have it listed for $979,000.
Contract number two is down on the south side of the Cape in Jubilation where buyers had their offer accepted on this 50′ by 85′, 0.09 acre lot which backs up to the beautiful Air Force Reserve acreage. Back at the height of the market in late 2004 it sold for $385,000. This week it went under contract with a list price of $77,900.
We’re leaving the Cape again heading out onto C-30, this time turning left and heading over to Simmons Bay where just before you get to Presnell’s Marina and RV Camp, sellers accepted an offer on their 2-acre, 128′ wide bay front parcel listed for $319,900. The property spans from bay out to the road and is actually two parcels but they are being sold together for the one list price. They purchased the land in 2005 for $875,000.
We’ll head back east again on C-30 to just past Cape San Blas Road where the first subdivision you come to on the gulf side of the road is a little gated subdivision aptly named Curve at the Cape. Sellers accepted an offer of their half-acre gulf front lot with 59′ of waterfront that they have listed for $294,900. Back in early 2004 it went for $420,000.
The next subdivision is nearby Gulf Pines, one of the early area subdivisions started in the early 1980’s. It’s a quiet gulf-side community with a few rentals but many full time residents as well. Homes here are eligible for FEMA flood insurance. Buyers were attracted to this 78′ by 168′, third of an acre first tier lot located directly across the street from the deeded gulf access. The sellers bought it in early 2004 for $435,000 and have it listed for $185,000.
We’ll wrap things up today over in Treasure Shores, a neighborhood very similar in age and style to Gulf Pines. Located between Money Bayou and Indian Pass it, too, is FEMA flood insurance eligible. Here a seller accepted an offer on his 4-bedroom, 3-bath, 2,412-square foot gulf front home situated on a 75′ wide lot that measuring roughly half an acre. He bought the home in late 1998 for $365,000 and has it listed for $919,900.
That does it for today. Glad to see we’re whittling away at our inventory of lots. If you’re toying with the idea of purchasing some coastal property, let’s get started. Call or text me at 850-227-5197 or shoot me an email to [email protected] and I’ll be glad to help you find a good fit. Have a great week and thanks so much for taking time to stop by today.