It doesn’t matter whether that furry little Punksatony Phil from up north sees his shadow or not, cause down here on these pristine peninsulas of Indian Pass and Cape San Blas, the weather is already warming up quite nicely! As we continue settling into this bright new year, there are loads of activities underway, from the shop-dine-unwind in the historic town of Port St. Joe, to the Winter Bay Day Shrimp Boil, put on by the friends of St. Joseph Bay Preserve, you can rest assured that here along the shores of St. Joe Bay and The Gulf of Mexico, there is something for everyone! Even during this time of year the natural beauty of our Eco-friendly lifestyle is at it’s best!
While the days and weeks ahead will no doubt provide proper basking time in the warm Florida sunshine, this new year trend of 2012 featuring hot deals on Forgotten Coast Real Estate continues! There were a total of 22 Forgotten Coast properties sold in our area this past week including 4 Forgotten Coast properties and 18 Forgotten Coast homes. The sales on the Forgotten Coast broke down like this: 1 Carrabelle home and 1 Carrabelle property, 3 Apalachicola Homes, 1 Eastpoint property, 1 St. George Island beach home, 1 Mexico Beach Condominium, 1 Mexico Beach Town home, 2 Mexico Beach homes, 1 Port St. Joe beach home and 1 Port St. Joe beach property, 1 Cape San Blas, Barrier Dunes Town home, 2 Cape San Blas beach homes, 1 Indian Pass beach home and 1 Indian Pass property, and 4 Port St. Joe homes. Of these sales, 9 transactions closed due to a REO/Bank Owned/Distressed/Short Sale/Foreclosure situation, 11 buyers paid cash sales, and 11 purchased their gulf coast property by securing conventional financing.
For those securing conventional financing on Gulf Coast Real Estate, Interest Rates remain impressive with the 30 year fixed coming in @ 3.875% ad the 15 year fixed @ 3.25%. Projections are that rates will remain at these historically low levels throughout this new year of 2012!
Indian Pass is truly one of the crown jewels of Gulf County and this week we were witness to one of THE best buys on a bank owned Indian Pass Gulf Front Home, EVER! This custom built home, including a gourmet kitchen, 5 spacious bedrooms, private gulf front swimming pool, and 50 feet of Indian Pass gulf front property SOLD for only $587,500 CASH!!
Apalachicola is one of the premier hot spots for visitors and locals alike here along Florida’s Forgotten Coast and this past week one of those historic Apalachicola homes sold for an amazing $300,000 cash! The new owners are quite proud of their purchase knowing that this same home sold for more than twice that at $745,000 in 2005!
One of the two premier peninsulas of Gulf County, Cape San Blas, which won the coveted title of America’s #1 beach in 2002, attracted the attention of 3 buyers this past week. 2 Cape San Blas beach homes were purchased along with a Barrier Dunes town home located only minutes to St. Joseph Peninsula State Park and those famous rolling sea oat filled sand dunes! This cozy little beach cottage is only steps to the beach and was purchased last week for $210,000, less than half of the original sales price of $438,000 in 2004!
These are just a few of the great deals that buyers of gulf coast real estate took advantage of this past week and looking ahead, from the 3 mile “beach bum” stretch of Mexico Beach to the exciting shoreline of St. George Island, Florida’s Forgotten Coast is experiencing exhilarating improvements! No worries here and who cares if that adorable little groundhog sees his shadow, as the warming trend has already began here. Just in the month of January there were a total of 68 properties sold – that’s an average of 2 per day!
