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Cape San Blas Real Estate Week in Review, October 14 - October 20, 2023

Published on October 20, 2023 by Chris Petrie under Cape San Blas, Forgotten Coast, Indian Pass, Real Estate, Week In Review

For Sale and Sold Sign

It’s been another nice fall weather week on the Forgotten Coast, and it should be a great weekend for all the live music on tap for our area.  While the comparative real estate market of Cape San Blas, Indian Pass, and the CR/SR 30-A corridor only recorded one sale through our MLS in the past 7 days, we did see a positive jump in newly executed contracts this week.  Our one and only recorded sale was a vacant lot, below are the details before we get into the new contracts and relevant updates:

  • Lot 32 Las Palamas Lane – 50′ wide, 0.1 acre vacant lot in the Villa Del Sol HOA with Gulf views (2nd tier to the beach) and access to community pool, pickleball & volleyball courts, deeded beach access, south Cape location;  only 3 DOM asking $179,000 before selling for $170,000 cash; sellers purchased the lot for $114,900 in 2021


7 new contracts were executed in our comparative market this week, 2 were residential contracts and 5 were new contracts on vacant lots.  Unfortunately 2 more recent contracts from previous updates were cancelled this week, putting this north Cape vacant parcel and this south Cape residence both back on the active market.  Meanwhile 3 vacant lot listings expired, and 2 residential listings were withdrawn from the active market in the past 7 days.  On the subject of price adjustments, the asking prices for 9 residential listings were lowered, while 1 vacant lot seller raised his asking price this third week of October.


On to the new listings, as an even split of 4 new residential offerings and 4 new vacant lot options (1 already under contract) were welcomed into our inventory pool.  Inventory levels continue to hold steady, as our total residential count is up 2 from last week to 79 properties for sale, while our vacant land count is down 2 to 92 lots for sale on all of Cape San Blas, Indian Pass, and the CR/SR 30-A corridor.  Thanks as always for reading the CSB Real Estate Week in Review blog and let me know anytime I can help with your real estate needs, (850)899-8765 or [email protected].  If you’re an in town music lover this weekend, enjoy the Blast on the Bay in Gulf County and the Apalachicola Porch Fest!

Blast on the Bay from a few years back at the Indian Pass Raw Bar, Sunday finale

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