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Saturday, March 14, 2009

Toucan's Restaurant Sold at Auction Mexico Beach Florida

Below is an interesting video I found on You tube. I'm not the only one saying its a great time to buy.


The Toucan's Auction was last Thursday! Quite the crowd, but only 4 actual bidders!
The winning bid was $3,450,000 + a 10% buyers premium which the auction company adds on, bringing the total purchase price to $3,795,000!
I think that was a good buy!
The new owner has plans of continuing the restaurant!

The Harmon gulf front house and lot sold for $785,000 (It might have been $780K) + 10% buyers premium. A gulf front house + gulf front lot for $863,000 might seem like a steal but...........keep in mind the house sits on the edge of that canal---a constant source of erosion AND its right next to Toucan's (karoke every Friday and Saturday night?????)

MLS has actually been a little slow this past week. Not a lot of new listings, not a lot of properties going under contract. There have been a lot of showings and some offers tossed out which is always the way it starts, so I'm not complaining!

You have to start somewhere and everybody knows this is the time to start low.

Sellers who really want to sell this year are just going to have to realize their property is not going to command the price that it did at the height of the market a couple of years ago. I have no problem with sellers sticking to a certain selling price, however, if the market will not bear that price right now, there really is no need to have it on the market. Values will appreciate again, we just have to get rid of some inventory first!


A unit in a beachside triplex closed last Friday for $165,000!!! I think that was a great buy!
It was an older 2 bed/2bath unit with a stone's throw to the water!

The beautiful weather has brought lots of visitors this past weekend! It really has been the first weekend we've seen sun bathers and swimmers in the water! It was great to finally put on sleeveless shirts/shorts and flip flops without wearing a jacket as well!!!!

I'm just praying we are over the cold spells!!!!


Chip is getting his boat ready to start fishing! He's already booking trips for June and July so don't wait to long if you are thinking about planning a fishing expedition!


There are real estate deals to be had, so let me know what you are looking for and I'll start the search!

Please don't hesitate to contact me if you have any questions about real estate anywhere in the Mexico Beach, St. Joe Beach, Port St. Joe, Cape San Blas, or Windmark Beach area!

Have a great week!

And remember......"Life isn't fair, but it's still good!"



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