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Cape San Blas Real Estate Week in Review - Sep. 15-21, 2018

Published on September 21, 2018 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignThe calendar may say summer has ended and autumn is here but the thermometer sure hasn’t gotten that memo as days continue to swelter with “feels like” temps stubbornly stuck in the 3-digit range.  Everyone and everything is hot, including our market, which continues to sizzle along, this week turning in six sales and six new contracts. We added four new listings, and changed prices on nine others. With all that activity, we end the week at 291, down four from last week, with 88 homes and 203 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.  Let’s see what buyers are in the market for.

Cape San Blas Corner Lot in Seagrass Under Contract August 2018 with List Price of $140,000

The first of our six sales is in Seagrass, located a little over half a mile north of The Trading Post.  The sellers bought the quarter-acre, “X” zone corner lot in 2012 for $52,000, had it listed for $140,000, and sold it on Wednesday for $120,000.

Cape San Blas Third Tier Home Under Contract August 2018 with List Price of $499,900

Several streets north of The Trading Post is Catamaran Drive, home to this 3-bedroom, 3 1/2-bath, 1,885 square foot home listed for $499,900. It was built in 2002 on a quarter-acre third-tier lot “X” zone.  No HOA or HOA fees and there is easy access to the beach at the end of the street. The sellers were asking $499,900, essentially what they paid for it in late 2006, $500,000.  On Friday they handed over the keys to the new owners for $489,000.

One Half of Cape San Blas Gulf Front Duplex Under Contract August 2018 with List Price of $499,000

Our third sale is on Surfside Lane in Silent Sands where buyers penned an offer less than a month ago on this 3-bedroom, 3-bath, 1,400 square-foot gulf front duplex listed for $499,000. The sellers bought it in early 2015 for $299,300, and sold it on Monday for $447,500.

Bay View Lot Under Contract August 2018 with List Price of $119,900

We’ll leave the Cape and hang a left off of Cape San Blas Road where quickly thereafter we’ll find this 138′ by 252′, three-quarters of an acre bay view lot listed for $119,900.  It has all the utilities connections you need to park an RV on it.  The sellers bought it unimproved in the summer of 2012 for $35,000, and sold it on Tuesday for $110,000.

Gulf Pines Gulf Front Lot Under Contract August 2018 with List Price of $499,900

Tracking back and heading east along C-30 we’ll pull into Gulf Pines where the parties went to closing on this 100′ by 348′, 0.8-acre gulf front lot. It last sold in late 2008 for $644,000, and went for $455,000 cash on Monday. This is a FEMA-eligible neighborhood with HOA fees of only $200 per year.

Gulf Front Lot at Indian Pass on Florida's Forgotten Coast Under Contract August 201 with List Price of $279,000

Next stop, Indian Pass, home to our sixth and final sale, a 50′ wide, half-acre gulf front lot on Broken Arrow Lane listed for a very attractive $279,000. The sellers picked it up in early 2009 for $204,000, and sold it for $269,000.

Cape San Blas Interior Lot Under Contract September 2018 with List Price of $59,900

To begin our review of this week’s six new contracts, we’ll head way up to the north end of the Cape, where we’ll kick off with this 85′ by 151′, quarter-acre interior lot listed for $59,900. The sellers bought it in 2012 for $30,000, a real bargain compared to the $230,000 it commanded in 2004.

Cape San Blas Gulf Front Lot Under Contract September 2018 with List Price of $795,000

Down the road a bit, just a bit south of Coneheads, sellers accepted an offer on this gorgeous 117′ by 330′ gulf front lot that’s just a little shy of an acre and listed for $795,000.

About two miles south on Windy Lane in Paradise Gulf, our fourth contract is on a rambling 5-bedroom, 5-bath, 3,840 square foot gulf front home listed for $1.2M. The seller bought the 67′ wide lot in 1994 for $75,000, and built the home in 1996.  He had it under contract briefly once before in early 2016.

First Tier Lot at Cape San Blas Under Contract September 2018 with List Price of $185,000

Our next stop is on Barbados Drive in Turtle Dunes where buyers penned an acceptable offer on this irregularly-shaped, third-of-an-acre first tier lot listed for $185,000 that last sold in the summer of 2015 for $135,000.

Cape San Blas Gulf View Condo Under Contract September 2018 with List Price of $375,000

Just a short stroll down the beach, sellers accepted an offer on their top floor condo in this first-tier quadplex known as Robin Bay. They purchased the 2-bedroom, 2-bath, 1,300 square foot unit in January 2015 for $260,000, have made some major renovations since then, and have it listed for $375,000.  The gulf views from this building are amazing.

Bay Front Townhouse in Simmons Bayou Under Contract September 2018 with List Price of $339,900

For our sixth and final new contract we’ll leave the Cape again, travelling out onto the C-30 Corridor heading towards town and stopping in Simmons Bayou near Presnell’s Bayside Marina. Here in Hammock by the Bay, we have a 3-bedroom, 3 1/2-bath, 1600 square foot bay front townhouse under contract with a list price of $339,900. The sellers bought the bay side retreat in 2006 from the developer for $399,000.

And that’s a wrap. Our housing inventory is way low so competition for what remains is heating up.  If you’ve been thinking of selling, let’s talk and see if the time is right.  Demand is strong.  Call or text me at 850-227-5197, or send an email to [email protected] and we’ll run the numbers.  Have a great week – hope to see you back here soon, and I so appreciate your taking time to stop by today.

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