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Cape San Blas Real Estate Week in Review - April 29-May 4, 2018

Published on May 4, 2018 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignWe’ve had a full week of gorgeous sunny weather without a drop of rain and it seems a lot of folks turned their focus from real estate to fun in the sun, with just a bit of a lull, closing just three sales, while adding five new contracts. Sellers added twelve properties to the mix, and changed prices on eleven others.  We added two to the inventory, ending the week at 281, with 82 homes and 199 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Let’s take a look at what’s moving.

Bay View Lot on Spinnaker Sold for $65,000 May 2018

The first of our three sales is on Spinnaker Way, the road just before you get to Coneheads restarant on the north end of the Cape.  This is a for sale by owner transaction where a Realtor brought the buyer. The seller was asking for and got $65,000 for this irregularly-shaped 0.82-acre inland lot which is accessed by an easement.

Cape San Blas Gulf Front Home Under Contract April 2018 with List Price of $949,900

Our second sale is 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, 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, and sold it on Friday for $892,000.

Indian Pass First Tier Home Under Contract April 2018 with List Price of $499,000

For our third sale, we’ll travel over to Indian Pass to Canoe Lane, where the parties closed on this 3-bedroom, 2 1/2-bath, 1,949 square-foot, first tier home with gulf views listed for $499,000.  It’s in an AE flood plane. The sellers bought the lot in 1999 for $50,000, built the house in 2000, and sold it on Wednesday for $470,500.

Ovation Bay View Home Under ContractMay 2018 with List Price of $819,900

We’ll start our review of this week’s five new contracts on the north end of the Cape in Ovation, where sellers accepted an offer on their recently built 4-bedroom, 3 1/2-bath, 2,126 square-foot bay-view home listed for $819,900. It’s built on an X-zone lot and is a lot like owning a bay front home with that vast expanse of commons green in front of it guaranteeing to preserve that gorgeous view. BONUS: Somebody else mows all that green grass in front of them!  Sweet.

Cape San Blas Gulf Front Conract Under Contract May 2018 with List Price of $579,000

Our second contract is about a mile south of Ovation in a recently platted small subdivision, The Preserve at the Cape, where byers penned an accepted offer on this 50′ wide, half-acre, gulf font lot listed for $579,900, or $11,500 per water front foot, a new recent benchmark for the Cape. According to the MLS notes, this price includes a DEP permit.

Cape Shoals Townhouse Under Contract May 2018 with List Price of $379,000

Just a few blocks further south down the beach at Cape Shoals, this end-unit, 2-bedroom, 2-1/2-bath, 1,120 square-foot gulf front townhome built in 1986 went under contract Wednesday with a list price of $379,000. The sellers bought it in 20004 for $299,000.

Bay Front Home Under Contract May 2018 with List Price of $599,900

For our fourth contract we’ll leave the Cape and travel north a short while on C-30 to Treasure Bay where this 3-bedroom, 2 1/2-bath, 1,917 square foot bay front home went under contract with a list price of $599,900.  The sellers bought it unfurnished in 2011 for just $280,000 and have made a lot of improvements in the interim. This neighborhood is a FEMA flood insurance eligible area.

Lagoon View Lot Under Contract May 2018 with List Price of $109,900

We’ll wrap things up today over on C-30 just 2 miles east of the World Famous Indian Pass Raw Bar to this 261′ by 500′, 2.98-acre, lagoon view lot on the north side of the road listed for $109,900. The seller picked it up at the end of 2016 for $45,000.

Lots going on this weekend if you’re in the area –  Forgotten Coast Plein Air paint out is under way through May 14th – check out their amazing paintings in the wet room at 201 Reid Ave. in Port St. Joe. Today, Saturday, May 5, I’ll be helping co-host our popular annual Cape San Blas artists reception from 4 til 6 at Salinas Park. Several artists will be on site painting. We’ll have appetizers, wine, beer, sodas, and water so please stop by.  From 12 to 5, check out Cinco de Meow at Scallop Republic, a fundraiser for our local Humane Society.

There’s a lot of activity so why not get in on the action? If you’re thinking of buying or selling, I’d love to hear from you. Call or text me at 850-227-5197, or write to me at [email protected].  Have a great week, hope to see you back here soon, and thank you so much for taking time our of your busy schedule to stop by today.



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