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Market update for Mexico Beach, Florida

Real Estate Agent with Mexico Beach Sundance Realty

Saturday, June 27, 2009

TOUCAN'S RESTAURANT SOLD! Finally! Purchased by 3 brothers from the Atlanta area for $2,675,000 the restaurant is in for some positive changes! One of the changes is the new owners are planning to open the Tikki bar with affordable "beach food"!

I believe we are back to our normal June weather. We had a tremendous heat wave the weekend of the 19th, with heat indexes of 117!! This past weekend we have been in the upper 80's with a heat index of upper 90's. Hot but typical! The beach has been dotted with colorful sun umbrellas and tents as everybody is enjoying our beautiful beach and waters!!!!
The 4th of July is typically our busiest weekend! Mexico Beach puts on an awesome fireworks display off the pier! It can't get any better than watching fireworks from the beach!!!

There is a 5K run that morning as well as a kid's fishing tournament! Let me know if you need more information!

Don't forget the movies in the Park every Thursday night. Check my calendar for the title and location!!!


As for the Real Estate Market in Mexico Beach:
Five properties have been put under contract since I last blogged on the 15th.

>Cute , little, renovated cottage in St. Joe Beach, listed at $139,000.

>A Palms townhouse in Mexico Beach, 4 bed/2 bath, listed at $175,000 (short sale)

>A older 2 bed/2bath octagon house in Mexico Beach on a large lot, listed at $150,000.

>A fixer upper house up on stilts about 1.5 blocks from the water listed at $164,000

>A nice BEACHSIDE single family house, listed at $365,000.

We also closed on 4 properties last week:

>A beautiful Gulf front single family home for $750,000. It was a short sale.

>A newer 4 bed/3.5 bath home in a new subdivision selling for $235,000.

>An older concrete block home with fantastic view on a large lot for $236,500

>A newer 2 bed/2bath townhouse about a mile from the water selling for $111,500

Cape San Blas has some good action as well.

Five properties under contract since 6/15/2009. All gulf view or gulf front. Only 2 are not listed as short sales.

>Gulf View, 3 bed/2bath, about 1500 sq feet listed at $349,000. Short sale.

>Gulf View, 2 bed/2 bath about 1250 sq feet listed at $359,000. short sale.

>Gulf front, 3 bed/2.5 bath, 1900 sq feet, listed at $444,900 (sits back a ways off the beach, so your view is actually limited)

>Gulf view, beautiful home with pool and elevator and over 3,000 sq feet, listed at $625,000.

> Gulf view, older home, 3bed/3 bath, listed at $299,000.

Sales out in the Cape Area:

>Gulf front new construction but never finished, some mold, over 3300 sq feet sold at $449,000. Bank owned.

>Barrier Dunes (out at the end of the peninsula) townhouse, 2 bed/2.5 bath sold for $204,500

>Gulf front townhouse that needed a lot of repairs, in a heavily eroded area, sold for $210,000.

>Gulf front condo, 3 bed/2.5 bath sold for $245,025. Bank owned.

>Beautiful Gulf view house with over 1800 sq feet sold for $439,000.

>Never lived in house with limited water views, private pool, over 3,000 sq feet sold for $440,000. Bank owned.


Port St. Joe is even some movement!!!

Four properties have been put under contract:

>3 bed/1 bath older home listed at $110,000

>3bed/2 bath 1937 home that's been renovated, large lot, one blk from the bay listed at $199,000. Short Sale.

>3 bed/2 bath basic brick home with about 1800 sq feet listed at $149,900. Bank owned.

>3 bed/3 bath very nice townhouse, with about 1800 sq feet, listed at $179,000. Short sale

Sales in Port St. Joe last week.

>3 bed/2 bath older brick house, one block from the bay, large lot. Sold for $175,000. Bank owned.

>Newer house but had some termite damage, the only house in a new subdivision, sold for $193,500 bank owned.


Buyers are getting some extremely good deals! There are still a lot of properties under contract and who knows when they will actually close---they are short sales. Short sales are actually MUCH LONGER SALES than normal transactions. Because banks are not under our contractual time lines, they take FOREVER, to approve. So, if you are considering putting in an offer on a short sale---BE PATIENT. They are usually worth the wait!


You can now get a very nice, 2000 sq ft house in Mexico Beach for around $250,000 (maybe less). You can get a cute little townhouse for less than $140,000. Both just a short walk to the beach. How about a very nice 2 bed/1.5 bath townhouse just a stone's throw from the water, granite counters, new kitchen cabinets for $269,000? You'll have to ask me for the specifics on this one!

Please don't hesitate to call/email me with any questions you may have about short sales, foreclosure, or property in Mexico Beach, Port St. Joe, St. Joe Beach, Cape san Blas.........

Have a great 4th of July week! Keep our country in your prayers!