Mexico Beach Real Estate Sales are WAY up, Property Values are on the rise, and New Development is at an all time high, here along Florida’s Forgotten Coast! Did we mention the white sand beaches, the brilliant blue waters, and the weather are gorgeous?
We have seen Real Estates Sales increase over the past few weeks. In the month of April, the Mexico Beach Real Estate Market, Windmark Beach Real Estate Market, and St. Joe Beach Real Estate Market shared 33 property sales. There were 6 Mexico Beach Homes Sold, 4 Mexico Beach Condiminium Units Sold, 5 Mexico Beach Vacant Lots sold, 9 St. Joe Beach Homes Sold, 7 St. Joe Beach Vacant Lots Sold, and 2 Windmark Beach Vacant Lots Sold! There was 1 Foreclosed Mexico Beach Condo Sold, 1 St. Joe Beach Home that was a Short Sale, and 1 St. Joe Beach REO Vacant Lot that Sold. 12 of the total sales in these areas were made with CASH!
Cash is a wonderful tool to have available to use in a Real Estate transaction. However, traditional loans are a viable option for those who want to finance. The current 30-year fixed loan rate is @ 3.59%, and the current 15-year fixed loan rate is @ 2.73%.
This stunning Gulf Front Home in Mexico Beach was the largest Water Front home in the area to sell in April. The 5 Bedroom, 4 Bathroom, 2,710 square foot home generated $72,000 in Gross Rental Income in 2015. It stayed on the market only 42 days before being purchased for $770,000. This was nearly $40,000 less than the asking price on the home. Incredible location, fabulous amenities, and rental income potential made this a very attractive property.
The Largest Family Home to sell in this area was this impressive St. Joe Beach Home. With 4 Bedrooms, 4 Full Baths, and 2 Half-Baths spread over 3,451 Square Feet and 1.40 Acres, there is plenty of room to entertain and enjoy time with friends and family in this executive style home. The beach is a short bike or golf cart ride away from this luxurious home. The property includes a separate 4 car garage with 1848 air conditioned square feet featuring an office space, bathroom, and RV pad. The property also has a enclosed inground pool with custom waterfall and hot tub. An outdoor kitchen and full bathroom make this the perfect space for entartaining. It’s no wonder this home lasted on the market only 29 days. The CASH buyer paid $580,000 for this amenity-packed home.
Another massive Executive Style Family home sold in April, this one in a Short Sale situation. The 5 Bedroom, 3 1/2 Bathroom, 3,187 square foot home boasts an enclosed, inground pool with an outdoor kitchen, hot tub and fire bowls. There is also a large yard with a privacy fence. The home, designed by Arthur Rutenberg, was planned to make the most of the ample natural lighting. With so many features, it makes sense the home sold after being on the market only 89 days. The CASH buyer paid only $458,000 for this incredible custom home, over $30,000 less than the asking price!
A block off of the beach, this fantastic Mexico Beach Townhome sold for an amazing deal. Although the asking price on this home was $349,900, the Gulf View property was purchased for only $322,000! This same home sold in 2005 for $495,000! When you see all this home has to offer, you can understand the appeal. The 3 Bedroom, 3 1/2 Bathroom home has a great location, great layout, and great rental potential.
There are a lot of new construction homes to choose from in the area right now. This newly constructed home sits less than a 1/2 mile from the water, and is loaded with coastal charm and polished finishes. The 4 Bedroom, 2 Bathroom home has luxury upgrades in every area and has access to a private community pool. This gorgeous new home sold for only $289,000!
The new construction makes perfect sense when you consider the incredible deals being made on Vacant Home Sites. For example, this Gulf View Vacant Lot in Windmark Beach sold for $74,500 to a CASH buyer after being listed only 80 days. The Home Site is a .60 acre lot with plenty of room to build a dream home with breathe-taking views of the water.
Want to find A GREAT DEAL on Mexico Beach Homes For Sale, Port St. Joe Homes For Sale, Windmark Beach Properties For Sale, Cape San Blas Homes For Sale, Indian Pass Homes For Sale, Apalachicola Homes For Sale, or Wewahitchka, Florida Real Estate? It’s easier now than ever to take advantage these rock bottom Florida’s Forgotten Coast Real Estate prices, so just call, click, or email g3 Realty Group today to experience the most Positive, Progressive, Professional Service, and Honest Direction for all your real estate needs! One of our top selling Forgotten Coast Real Estate Agents will be pleased to hear from you! Our Southern Hospitality is tried, true, and next to none!