Spring Break is in full effect down here, as the weather seemed to line up with the time of year towards the latter part of the week. The MB/SJB/WMB market showed steady activity this week, with 17 new listings coming online and 9 properties going under contract, bringing the total pending inventory to 46 properties across the market. Sellers made 9 price reductions as they continue positioning for the spring season. We saw just 2 sales close this week — highlighted by a Summerhouse condo that moved in just 4 days. Total active inventory now sits at 375 properties. Let’s dive into this week’s sales.
1043 Backwater Rd
A DR Horton Alabaster model, closed at full list price this week, making it just the second home in this floorplan to sell in the WindMark community. After 43 days on the market, the 4BR/3.5BA, 2,245 sq ft two-story home sold at $209 per square foot with closing cost concessions included, to a cash buyer. Originally listed at $479,900, the home saw a $10,000 reduction before closing at the adjusted $469,900 price, something that has become more and more common recently within the DR Horton world. The Alabaster plan features a first-floor primary suite, first and second-floor family rooms, and a covered patio, offering a layout that contrasts most of the traditional single-story models in the community.
2200 Hwy 98 204
A 2BR/2BA condo at Summerhouse closed at $400,000 after just 4 days on the market, selling at roughly 94% of its $425,000 list price. The 1,416 sq ft unit sold furnished at $282.49 per square foot, and features protected Gulf views, due to how it is lined up, looking down 23rd St, living area, master bedroom, and covered balcony, with only 300 feet separating the building from beach access. Despite 371 cumulative days on market from prior listings, the unit moved quickly once repriced competitively, which is a true reflection of the condominium market not just locally, but statewide.
Area Info/Market Updates
The City Council agreed on the new boat ramp proposal from the Florida Fish and Wildlife Commission. The $1,500,000 project will add a 4th lane to the boat ramp, which will be approximately 22’ wide, along with a 6’ wide floating dock that is ADA-compliant. Not only will the boat ramp be getting a 4th lane, but it will also be getting a brand new seawall, totaling over 1000 linear feet.
Lastly, many rental companies are reporting that overall rentals are up from last year, with one company being 62% booked in March, compared to close to 40% in 2025.
That’s all for this week’s market update. Thanks for reading!
Carter Dorsch
