From the shores of Mexico Beach to the Pet Friendly Beaches of Gulf County, we are seeing our fair share of activity, not only in Florida’s Gulf Coast Real Estate Market, but locals and visitors alike around here are taking part in many kinds of “get togethers” as the celebration of ”fun in the sun”, wintertime style, continues! No winter blues or doldrums here, as the skies are clear, the temperature is a mild 70 “something”, and the beaches have never been more pristine! Shop, Dine, and Unwind is set to kick off this weekend here in downtown Port St. Joe as local venders offer opportunities of gifts and goodies, just in time for the upcoming day of love! And of course we all know that out among those rolling dunes and crashing blue waves of Cape San Blas, every day is a kickoff event, not to mention a very special gift all its own!!
Just as those waves of Mexico Beach and Cape San Blas continue crashing along the white sands, buyers of Florida’s Forgotten Coast Real Estate continue making it to the closing tables, as Forgotten Coast Property Sales totaled 17 this past week! 1 Mexico Beach Townhome, 1 Mexico Beach Bank Owned Condominium, 1 Mexico Beach Home, 2 St. Joe Beach Homes, 2 Port St. Joe Homes, 1 Port St. Joe Property (vacant lot), 2 Cape San Blas Homes, 1 Cape San Blas Property (vacant lot), 3 St. George Island Homes, 1 St. George Island property (vacant lot), 1 Carrabelle Home, 1 Carrabelle property (vacant lot).. Of the sales, 5 transactions closed due to a Distressed/REO/Bank Owned/Short Sale/Foreclosure situation and 11 savvy buyers paid CASH!
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 these rates will remain at these historically low levels throughout this new year of 2012!
One of the Mexico Beach Sales of the Week was a beautiful bank owned Mexico Beach Condominium, with 3 bedrooms and 3 and a half baths, that sold for an amazing $140,000 cash! Location is the key here, as it is just across Highway 98 from the boardwalk leading to the crashing waves of Mexico Beach!
As if that weren’t a great deal. Also sold this week was a canal front Mexico Beach Townhouse with all the amenities, including a short walk to the pier for only $290,000!
St. George Island also had a few fantastic deals this past week. This bank owned St. George Island beach home with 5 bedrooms, 4 and a half baths, is located in the gated community of Schooner Landing and SOLD for an amazing price of $605,000 CASH.. What makes this so amazing is that this same property originally sold for $1,095,000 in 2001!
Another of the deals to close on St. George Island and another successful short sale situation was this 5 bedroom, 3 and a half bath home, which SOLD for $830,000 Cash! Hope you’re sitting down, as this one really tickled those new buyers when they realized that their new St. George Island Beach Home originally sold for $2,625,000 MILLION in 2005!!
These are just a few of the incredible deals that are being scooped up here in Florida’s Forgotten Coast Real Esate Market and we are looking forward to providing premier service to many, many more buyers and sellers from the 3 mile stretch of Mexico Beach, to the beach bummin strip of Cape San Blas, and over into the Historic Rivertown of Apalachicola! This brand new year of 2012 is off to one tremendous start and here at g3 Realty Group, we are set and ready to catch and ride the waves!!
