It seems as if all of Georgia relocated to the Cape this week. I have never, ever seen so many people in our area. Never. Some of those folks apparently took time to snag a bit of beach real estate, as we closed five sales and drafted five new contracts. Sellers posted “For Sale” signs on sixteen new listings, and changed prices on six others. Our inventory grew by three, closing the week at 282, with 78 homes and 204 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor market.
We’ll kick off our review of this week’s five sales on the south side of the Cape in Jubilation with an irregularly shaped 0.16-acre lot listed for $53,000, a far cry from the $300,000 it sold for in late 2004. On Thursday the sellers signed over the title for $50,000.
In nearby Surfside Estates, our second sale is a 3-bedroom, 3-bath, 1,368 square foot circa-2004 home in the “X” zone listed for $399,000. It has a nice pool, deeded gulf access, and a bit of a view of the bay. The sellers bought it in mid-2004 for $450,000, and on Friday the new owners picked up the keys at closing for $367,500.
Sale number three is in Two Palms, the first subdivision you pass as you come onto the Cape just past Salinas Park on your left hand side. In February, Sellers accepted an offer on their newly built, 4-bedroom, 3-bath, 2,360-square-foot, gulf view home listed for $549,575. This home was being sold by one of the original developers of Two Palms. On Friday the new owners picked up the keys at closing for $525,000.
We’ll leave the Cape heading over onto C-30 travelling east to Gulf Pine Drive where buyers fell in love with this 3-bedroom, 2-bath with 2 half baths, 3,510 square foot gulf front home listed for $899,000. It was built in 1983 and is on a 100′ wide lot. The sellers bought the home in late 1994 for $249,900, and sold it on Wednesday for $835,000.
We’ll travel further east to our fifth and final sale in Treasure Shores to this 4-bedroom, 3-bath, 2,008 square foot gulf front home listed for $829,900. It’s situated on a roughly half acre lot in a VE flood zone with 75′ of water frontage . The sellers bought it in early 2007 for $875,000, and sold it on Monday for $790,000.
Now on to our five new contracts, starting in Ovation where this irregularly-shaped bay-view lot in an AE flood zone went under contact Tuesday with a list price of $39,900. The sellers bought it from the developer in September 2012 for $29,000.
This second contract is on a 6-bedroom, 5-bath,2,880 square-foot, gulf front house on Cabo San Lucas listed for $949,900. It’s situated on a lot with 38′ of waterfront, and was built in 2006. It was part of a three-home compound that became a popular wedding rental destination. The sellers bought it in late 2009 for $560,000.
Back down on the south side of the Cape in Boardwalk, our third contract is on a lot on the corner of Florida Avenue and Cape San Blas Road. The 100′ by 73′, 0.20-acre lot is in an AE flood zone and sold just 6 months ago in early November 2017 for $35,000. The owners are asking $39,900 for it.
For our last two contracts we’ll travel over to Indian Pass stopping first on Canoe Lane, where on Monday sellers accepted an offer on their 3-bedroom, 2 1/2-bath, 1,949 square-foot, first tier home with gulf views they have listed for $499,000. It’s in an AE flThe sellers bought the lot in 1999 for $50,000 and built the house in 2000.
Our fifth and final new contract is on the Pass peninsula in a subdivision called The Reservation. It’s home to this quarter-acre, second tier, gulf view lot listed just nine days ago for $49,900. The sellers bought it in late 2003 for $200,000.
That does it for this week. If you’re interested in finding out about coastal opportunities or if you’re considering selling, let me know and I’ll be glad to help you either way. Call or text me at 850-227-5197 or shoot an email to [email protected]. Have a terrific week, and thanks so much for taking time out of your schedule to stop by today.