The month of February is sizzling here on Florida’s Forgotten Coast and no wonder, as we are coming up on the big week of love!! Locals and visitors alike are gearing up for the 14th annual Mexico Beach Gumbo Cook-off and speaking of love, those putters are a flutter with anticipation of the Valentine’s Day Golf Tournament to be held at St. Joe Bay Country Club! If you missed the Shop-Dine-Unwind in Port St. Joe last weekend, don’t despair, it’s a two weekend event and all the local shops and restaurants are ready to serve very special treats, and show off one of a kind items just right for that very special ladybug in your life!
Indian Pass Wildlife
This real estate market continues to sizzle as well, featuring loads of incredible red hot deals on Forgotten Coast Real Estate! A total of 16 properties sold this past week, including 12 Forgotten Coast homes and 4 Forgotten Coast Properties (vacant lots). 1 Mexico Beach Condominium, 1 Mexico Beach Home, 1 downtown Port St. Joe commercial building, 1 Port St. Home, 1 Cape San Blas Barrier Dunes Town Home and 2 Cape San Blas Vacant Lots, 1 Indian Pass Beach Home, 1 Apalachicola Home and 2 Apalachicola Vacant Lots, 2 Eastpoint Homes, 1 St. George Island Townhome, 1 St. George Island Beach Home, and 1 Carrabelle Condominium. Of these Forgotten Coast property sales, 6 transactions closed due to an REO/Foreclosure/Distressed/Short Sale/Bank Owned situation and 7 shrewd buyers paid cash!
Gulf Of Mexico Sand Dollar
This past week 10 of our buyers were attracted by the current historically low interest rates, and rightly so, as the 30 year fixed is @ 3.875% and the 15 year is @ 3.25%! 9 of those buyers chose the conventional route and 1 even took advantage of the Fannie Mae Home Path Program for their purchase of Florida’s Gulf Coast Real Estate!
Out on Cape San Blas, was an incredible buy on a 2 bedroom, 2 and a half bath, Cape San Blas Barrier Dunes Townhome, which sold for an unbelievable reduced price of $130,000. This is quite a bit lower than the original sales price of $210,000 in 2000 and is only moments to the crashing waves of The Gulf of Mexico and St. Joseph Peninsula State Park - THE 2002 #1 Beach in America!!
Cape San Blas, Florida
Another great buy was a Bank Owned Cape San Blas Property, which sold for a mere $35,000 in the desirable Jubilation Subdivision of Gulf County! What a steal at $35,000, especially when you factor in the original sales price of $320,000 in 2004! This one offers plenty of room to build that perfect Cape San Blas Beach Home and it’s only a short stroll to the gulf front community pool!!
Jubilation Gulf Front Community Pool
Mexico Beach bank owned property sales increased this past week with the closing of another grandiose 3 bedroom, 2 bath, bank owned Mexico Beach Condominium! This Bay County home sold for a rock bottom price of $168,000, and that seems to really be rock bottom as this same unit sold for an inflated $400,000 in 2007! These savvy new owners are sure to enjoy many sunsets ahead over the beautiful shores of the Gulf of Mexico!
Bank Owned Mexico Beach Condo
This Franklin County, Eastpoint bank owned property sold for $210,000 in 2004, but this past week one wise buyer got it for only $30,000. This 3 bedroom 1 and half bath, is a neat little cottage and located only a short drive to the beaches of St. George Island and the historic town of Apalachicola!
- Bank Owned Eastpoint Property
From the 3 mile stretch of Mexico Beach, over to the playful peninsula of Indian Pass, and out to the bottom dollar deals on St. George Island, this Forgotten Coast Real Estate Market continues to impress. Buyers are out in search of that perfect deal on a gulf coast property, visitors are inquiring in preparation for the summertime season ahead, and locals, well, we are just glad to see this renewed interest in what we have always referred to as one fantastic place to live, work, and play! Yes, it is tried and true around here, once a visitor, always a visitor, and once a buyer, you simply become just one of the locals!!
Indian Pass Pelican