Cape San Blas Real Estate Sales are UP, Land and Home Values are steadily increasing, and New Construction is at an all time high here along Florida’s Forgotten Coast! Not to mention the white sand beaches are packed and the weather is beautiful!
Settings like these make it easy to understand why the Real Estate Sales are picking up steam. There were 24 properties sold between Cape San Blas and Indian Pass this March. There were 11 Cape San Blas Homes sold, 10 Cape San Blas Vacant Lots sold, and 3 Indian Pass Vacant Lots sold! 12 of these sales were CASH transactions!
Cash, tends to simplify the real estate purchasing process, but traditional loans are also a popular financing option for buyers. The current 30 year fixed loan rate is @3.60%, and the current 15 year fixed loan rate is @ 2.78%!
The first home I’d like to look at is this large Gulf View home on Cape San Blas. The 4 Bedroom, 4 Bathroom home has a heated in ground pool with a six person hot tub, making it an attractive option if it were to be on the rental market. The amazing layout of this home and it’s close proximity to the water make it a very appealing beach retreat. The lucrative income property was on the market only 79 days. The asking price on this home was $647,500, but the home sold for an even $615,000. A truly great space!
This next Cape San Blas home is slightly smaller than the previous home, but offers fantastic views of both the Gulf AND the Bay. The 3 Bedroom, 3 Bathroom home sits on a 0.26 acre lot in the X Flood Zone. This home also has an in ground pool, as well as a massive pool-side game room and large screened in porch. The living space is layed out to make the most of the water views. Each bedroom has a huge closet and the expansive sun deck is perfect for taking in the evening sunset over the water. This home has great rental potential as well. The home sold in 2006 for $510,000. The home was listed for $429,900. After 77 days, the home sold for a stunningly low $392,000!
Many people dream of buying land and building a custom home for their friends and family to enjoy. These next few lots highlight the potential for the future dream homes.
First, we have a Bay Front Lot on Cape San Blas. The large lot has plenty of room to build in a way that will make the most of the impressive water views. Imagine a dock leading out over the water from the cozy and inviting home sitting in lush vegetation. The 0.62 acre lot sold in 2001 for $150,000. The asking price on this lot was $115,000. A CASH buyer purchased this lot for only $95,000, leaving lots of room in the budget for amenities in the home and toys for the water!
Our next lot is in Indian Pass. The Gulf View Home Site offers fantastic views of St. Vincent Island and unobstructed views of the water. Because the lot between this lot and the water has been deemed unbuildable, the views will never be impaired! This awesome lot was listed for $172,500. The CASH buyer purchased the lot for a great deal at $142,500!
This next Vacant Lot which sold this March is also in Indian Pass. The 0.18 acre lot has great Gulf Views. An established Dune Structure protects the property and adds to the beaches character. This lot was sold in 2003 for $250,000. The asking price on this Home Site was $142,000, but the CASH buyer paid only $110,000! What a deal!
On the other side of Indian Pass is the Lagoon. We had a Lagoon Front lot sell this March and it was a steal! The lot measures 0.65 acres and offers a ton of buildable space. The asking price on this Home Site was $49,900. However, it sold for only $39,000! There are deals being made along the Forgotten Coast!
Looking to Buy or Sell Cape San Blas Real Estate, Indian Pass Real Estate, Mexico Beach Real Estate, Port St. Joe Real Estate, Windmark Beach Real Estate, Apalachicola Real Estate, St. George Island Real Estate, or Wewahitchka Real Estate? It’s easier now than ever to take advantage these rock bottom 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!