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FORGOTTEN COAST SALES UPDATE – MARCH 2020

I hope everyone is staying safe and getting through this difficult time. Florida is slowly reopening it’s beaches and restaurants. As of 5/4/20 the beaches will reopen for a few hours in the morning and again in the afternoon. As of this time the governor is still not allowing short term vacation rentals but all are hopeful that they will be allowed later this month. Franklin County has been very fortunate to have only 2 reported cases and we are hopeful that the reopening of the area will not result in any new cases.

Sales activity was quite strong for the month of March with 43 total sales – 23 single family homes, 4 condos/town homes and 16 residential home sites. Carrabelle saw the most activity with 16 total sales – 9 single family homes, 4 condos/town homes and 3 residential home sites. St. George Island has 15 total sales – 9 single family homes and 6 residential home sites. Apalachicola had 5 total sales – 4 single family homes and 1 residential home site. Eastpoint had 7 total sales – 1 single family home and 6 residential home sites. Sales prices ranged from a low of $6,000 for a lot in Magnolia Ridge in Eastpoint to a high of $2,065,000 for a 5 bedroom/5.5 bath gulf front home located in the Plantation on St. George Island.

See below a detailed summary of sales by area:

ST.GEORGE ISLAND

RESIDENTIAL HOME SITES:

MLS# : LR304179S – 917 W Gorrie Dr. – 0.3300 Acres 1st tier lot located in the Gulf Beaches – List Price – $350,000 – Sold price – $332,000 – Days on market – 15 – Days under contract -14 – Cash purchase

917 W Gorrie Dr.

MLS# : LR303818S – 1404 Dogwood Dr. – 1.101 Acre 3rd tier lot located in the Plantation – List price – $99,000 – Sold price – $99,000 – Days on market – 8 – Days under contract – 32 – Conventional financing

1404 Dogwood Dr.

MLS#: LR303330S – 2336 Schooner Landing – 1.000 Acre gulf front lot located in Schooner Landing in the Plantation – List price – $775,000 – Sold Price – $745,000 – Days on market – 56 – Days under contract – 58 – Seller Financing

2326 Schooner landing

MLS#: LR303241S – 308 Howell St – 0.3100 Acre interior lot located in the Gulf beaches – List price – $65,000 – Sold price – $62,700 – Days on market – 95 – Days under contract – 28 days – Cash Purchase

308 Howell St

MLS# LR3022394S – 1656 Hawthorne Ln – 1.0200 acre gulf view lot located in Pebble Beach village in the Plantation – List price – $81,900 – Sold price – $78,900 – Days on market – 205 – Days under contract – 33 – Cash Purchase

1656 Hawthorne Ln

MLS# LR 301975S – 748 W Gulf Beach Dr – 0.3000 acre 2nd tier lot located in the Gulf Beaches – List price – $239,000 – Sold Price – $200,000 – Days on market – 258 – Days under contract – 26 – Cash Purchase — seller did not pay commission

748 W Gulf Beach Dr

SINGLE FAMILY HOMES:

MLS# RD303880S – 151 Gunn St – 3 bedroom/ 3 bathroom bay view home located in the Gulf Beaches – List price – $379,000 – Sold price – $345,000 – Days on market – 7 – Days under contract – 20 – Cash purchase — Purchase price reduced by $5,000 for repairs

151 Gunn St

MLS# RD303631S – 1864 Sunset Dr – 5 bedroom/ 5.5 bathroom gulf front home located in Sunset Beach – List price – $1,540,000 – Sold price – $1,506,500 – Days on market – 20 – Days under contract – 33 – Seller Financing

1864 Sunset Dr

MLS# RD303417S – 2352 Schooner Landing – 7 bedroom/ 6.5 bath gulf front home located in Schooner Landing in the Plantation – List price – $1,899,000 – Sold price – $1,700,000 – Days on market – 95- Days under contract – 16 – Cash Purchase

2352 Schooner Landing

MLS# RD303258S – 1612 Forsythia Ct. – 4 bedroom/ 4 bath gulf front home with private pool located in Pebble Beach Village in the Plantation – List price – $1,350,000 – Sold price – $1,250,000 – Days on market – 86 – Days under contract – 38 – Conventional purchase

1612 Forsythia Ct.

MLS# RD302507S – 557 W Gorrie Dr – 2 bedroom/ 2 bath 1st tier home located in the Gulf Beaches – List price – $599,000 – Sold price – $550,000 – Days on market – 174 – Days under contract – 40 – Conventional purchase

557 W Gorrie Dr

MLS# RD302207S – 1552 Seaside Dr – 5 bedroom/ 5.5 bath gulf front home located in Nick’s Hole in the Plantation – List price – $2,275,000 – Sold price – $2,065,000 – Days on market – 203 – Days under contract – 30 – Cash purchase — 4.5% reduction in price for repairs

1552 Seaside Dr

MLS# RD301313S – 1564 E Gulf Beach Dr. – 5 bedroom/ 5.5 bath gulf front home with private pool and elevator located on the East End- List price – $1,899,000 – Sold price – $1,710,000 – Days on market – 218 – Days under contract – 138 – Assumed Financing

1564 E Gulf Beaches

MLS# RD300198S – 765 W Pine Ave – 3 bedroom/ 2 bath canal front with covered boat dock located in the Gulf Beaches – List price – $599,000 – Sold price – $575,000 – Days on market – 460 – Days under contract – 24 – Cash purchase

765 W Pine Ave

MLS# RD303475S – 1181 W. Pine Ave. – 3 bedroom/3.5 bath home with private pool and elevator located in the Gulf Beaches List price – $669,000 Sold price – $650,000 Days on market – 60 Days under contract – 25 Cash purchase

1181 W. Pine Ave.

APALACHICOLA

RESIDENTIAL HOME SITES:

MLS# LR303500S – 442 22nd Ave – 0.2400 acre (2 city lots) in Greater Apalachicola including a 2 car garage and shed – List price – $48,900 – Sold Price – $44,000 – Days on market – 64 – Days under contract – 20 – Cash purchase — Buyer paid all closing cost and realtor fees

442 22nd Ave

SINGLE FAMILY HOMES:

MLS# RD302263S – 238 17th St – 2 bedroom/ 1 bath ranch house located in Greater Apalachicola – List price – $149,000 – Sold price – $120,000 – Days on market – 149 – Days under contract – 96 – Cash purchase — Buyer paid half of seller closing costs

238 17th St

MLS# RD303503S – 113 Kevin Rd – 4 bedroom/ 2 bath home located in Greater Apalachicola – List Price – $69,000 – Sold Price – $40,000 – Days on market – 52 – Days under contract – 29 – Cash purchase

113 Kevin Rd

MLS# RD303535S – 189 Ave G – 2 bedroom/ 1.5 bath Florida cottage located in Historic North Side – List price – $160,000 – Sold Price – $155,000 – Days on market – 43 – Days under contract – 46 – GHFA financing — REO No concessions

189 Ave G

MLS# RD 303992S – 19 Apalachee St – 4 bedroom/ 2 bath Traditional home located in Greater Apalachicola – List Price – $218,995 – Sold Price – $215,000 – Days on market – 1 – Days under contract – 31 FHA financing – Buyer was given $8,000 credit towards closing costs by seller

19 Apalachee St

CARRABELLE

RESIDENTIAL HOME SITES:

MLS# LR303659S – 207 Royal Tern Way – 0.2200 acre located in St James Bay – List price – $16,500 – Sold Price – $14,500 – Days on market – 37 – Days under contract – 29 days – Cash purchase

207 Royal Tern Way

MLS#RC303586S – 416 Marine St – 766 sq feet on RiverWalk with so many features, including boating access, water front, water view, and storage areas – List price $143,000 – Sold price $130,000 – Days on market 9 – Days under contract 46 days – Cash Purchase

416 Marine St

MLS# LR301702S – 1014 1st St – 0.2300 acre lot located in Carrabelle- List price – $36,500 – Sold price – $34,000 – Days on market -279 – Days under contract – 17 – Cash purchase — Buyer paid title

1014 1st St

MLS: RLI304199S – 1843 8th St – 0.0900 Acre improved RV Lot located in Carrabelle Beach RV Resort – List price – $80,000 – Sold Price – $74,900 – Days on market – 227 – Days under contract – 35 Other Financing – Buyer paid all closing costs and realtor commissions

1843 8th St

SINGLE FAMILY HOMES/CONDOS/TOWN HOMES:

MLS# RC303586S – 416 Marine St. – 1 bedroom/1 bath river front condo located at Riverwalk in Carrabelle List price – $143,000 Sold price – $130,000 Days on market – 9 Days under contract – 46 Cash purchase

416 Marine St.

MLS# RC304198S – 280 Pirates landing Dr – 1 bedroom/ 2 bath river view condo located in Pirate’s Landing List price – $159,000 Sold price – $159,000 FSBO Days under contract – 21 – Cash Purchase

280 Pirates landing Dr

MLS# RA303846S – 401 St James Ave – 2 bedrooms/ 2.5 bath river front townhome located in Riverside in Carrabelle – List price – $199,000 – Sold price – $186,500 – Days on market – 23 – Days under contract – 22 – Cash purchase

401 St James Ave

MLS# RA304318S – 29 Heffernan Dr – 1 bedroom/ 1 bath unit in Lanark Village – List price – $17,000 – Sold price – $17,000 – Days on market – 11 – Days under contract – 34 – Assumed Financing

29 Heffernan Dr

MLS RD304333S – 967 Gulf Shore Dr – 1 bedroom/ 1 bathroom beach house on Dog Island – List price $125,000 – Sold price $125,000 – Days on market – 31 – Sold by Nonmember office Entered for Comp purposes only – Seller Financing

NO PHOTO AVAILABLE FOR 967 Gulf Shore Dr

MLS# RD303550S – 3044 HWY 98 E – 3 bedroom/ 2 bath bay front Florida Cottage on St James Island – List price – $155,000 – Sold price – $125,000 – Days on market – 65 – Days under contract – 16 – Cash Purchase

3044 HWY 98 E

MLS# RD303738S – 1782 Carrabelle Beach Dr – 2 bedroom/ 2 bath Florida Cottage located on Carrabelle Beach List price – $250,000 – Sold price – $200,000 – Days on market 17 – Days under contract – 30 – Cash purchase “AS IS”

1782 Carrabelle Beach Dr

MLS# RD302522S – 3010 HWY 98 E – 3 bedroom/2 bath bay front home located in St. James – List price – $389,000 – Sold price – $350,000 – Days on market – 179 – Days under contract – 36 – Cash purchase

3010 HWY 98 E

MLS# RD303187S – 168 Quail Run – 4 Bedroom/ 2 Bath home sitting on a one acre in Quail Run subdivision – List price -$209,500 – Sold price – $189,800 – Days on market – 97 – Days under contract – 30 – Conventional Financing

168 Quail Run

MLS# RD302414S – 2164 HWY 98 – 2 bedroom/ 2.5 bath bay front beach house in Lanark Village – List price – $395,000 – Sold Price – $350,000 – Days on market – 210 – Days under contract – 20 – Cash Purchase

2164 HWY 98

MLS# RD302752S – 723 Wellborn Ave – 2 bedroom/ 1 bath sitting on a 3/4 acre – List price – $139,900 – Sold price – $130,000 – Days on market – 153 – Days under contract – 47 – Conventional financing

723 Wellborn Ave

MLS# RD302967S – 798 Gulf Shore – 2 bedroom/ 2 bath gulf front beach house on Dog Island – List price – $384,000 – Sold Price – $345,000 – Days on market – 119 – Days under contract – 46 – Conventional financing

798 Gulf Shore

MLS# RD300044S – 2522 Hwy 98 W – 3 bedroom/ 3.5 bath bay front home with dock located in Carrabelle – List price – $735,000 – Sold price – $734,485 – Days on market – 511 – Days under contract – 20 – Cash Purchase – Buyer paid title insurance

2522 Hwy 98 W

EASTPOINT

RESIDENTIAL HOME SITES:

MLS#LR301413S – 322 Magnolia Ct – 1.00 acre lot located in Magnolia Ridge subdivision – List price – $16,900 – Sold price – $14,000 – Days on market – 295- Days under contract – 29 – Conventional financing

322 Magnolia Ct

MLS#LR302586S – 287 Magnolia Bay Dr – 1.0500 Acre bay front lot located in Magnolia Bay subdivision – List price – $188,000 – Sold price – $170,000 – Days on market – 175 – Days under contract – 32 – Conventional financing

287 Magnolia Bay Drr

MLS#LR303230S – 384 Ridgecrest Pkwy – 1.00 acre located in Magnolia Ridge subdivision – List price – $6,000 – Sold price -$6,000 – Days on market – 108 – Days under contract – 29 – Cash purchase

384 Ridgecrest Pkwy

MLS# LR303325S – 87 SR 65 – 1.000 Acres on a beautiful cleared lot zoned for mobile homes zoned R4 – List price – $50,000 – Sold price – $50,000 – Days on market – 101 – Days under contract – 22 – Cash Purchase

87 SR 65

MLS#LR303396S – 385 E Bay Dr – 1.3200 acre bayfront homesite with 100′ of water frontage on Apalachicola bay – List price – $199,000 – Sold price – $195,000 – Days on market – 67 – Days under contract – 21 – Cash Purchase

385 E Bay Dr

MLS#LR303869S – 166 Shadow Bay Dr – 1.000 Acres lot located in Magnolia Ridge subdivision – List price – $21,500 – Sold price – $21,500 – Days on market – 9 – Days under contract – 43 Seller financing

166 Shadow Bay Dr

Single Family Homes:

MLS#303740S – 23 Jefferson St – 2 bedroom/ 1 bathroom home zoned single family home industry – List price – $129,500 – Sold Price – $127,000 – Days on market – 9 – Days under contract – 41 – Conventional financing

23 Jefferson St