Skies are a little cloudy today, with a few showers expected by Sunday and Monday, then a chilly day on Tuesday when a high of only 66 degrees F is forecast. Hopefully that is the last day of winter temperatures, as by midweek it should again be back in the 70s/80s.
Florida is experiencing a severe drought, so rain is needed. Weather predictors say there could be a rain pattern shift late summer with models pointing toward development of El Nino. When El Nino forms, our rainy season often gets a boost from increased tropical moisture, but fewer named storms (fingers crossed on that). If that pattern materializes, it could gradually chip away at the drought.
Droughts can persist for years, but when weather patterns shift, recovery can happen quickly. For Florida, the near-term forecast still points to dry conditions.
More Restoration/Recovery News
Caloosa Shores Bridge – The 24 properties in the private community of Caloosa Shores has celebrated the opening of their new bridge which reconnects them to Wildlife Dr. A team of volunteers organized engineering, permitting, and construction, and raised nearly $1M to rebuild after their original entrance was destroyed by Ian. Since 2022, the Refuge provided a temporary in/out route for them through the Refuge. Their HOA is so thankful.
Kings Crown Pool – Many condo associations have struggled getting their pools restored following Ian. The pool at Kings Crown, 2721 West Gulf Dr, recently reopened to the delight of its 54 owners.
Sanibel Fishing Pier – At its March 3 meeting, the Lee County Board of County Commissioners voted to approve a transfer of $2,148,209 from Tourist Development Tax reserves to the Beach and Shoreline Fund for the reconstruction of the fishing pier at Lighthouse Beach. Sanibel’s remaining FEMA funding is insufficient to cover the project costs, so this is a step in the right direction in getting the fishing pier back in operation. Hopefully, this means the repair project will go out for bid soon. (You can see what remains of the pier in the main pix above.)
Sanibel & Captiva Islands Association of Realtors
Yesterday the West-End caravan meeting at islands Association of Realtors featured Broker Jay Richter from John R Woods Realty with “Tips and Tales”. Following the meeting, seven listings were open for easy previewing.
Next Thursday is the Monthly Membership Meeting with a Vacation Rentals Panel presenting an update and an East-End Caravan following the meeting.
Island Real Estate Scoop
Looking at the residential real estate activity posted in the SanCap MLS, since last Friday, there have been 18 new sales, all on Sanibel: 10 homes, seven condos, and a lot.
During the same time, there were 12 new residential listings, 1 back-on-market, and 34 price changes.
On the commercial side, a combo listing of the two motels/hotels at 706 and 720 Donax St (Palmview and Sandpiper Inn) came on the market this week for $5.3M.
Below, with data from the island MLS are summary tables of the residential sales statistics, followed by the details of the MLS action reported this week.
|
SANIBEL Residential |
CONDOS |
HOMES |
|
LOTS |
||||||
|
# |
Avg Price |
DOM |
# |
Avg Price |
DOM |
|
# |
Avg Price |
DOM |
|
|
For sale |
181 |
1,015,279 |
180 |
234 |
1,657,900 |
130 |
|
55 |
1,671,725 |
255 |
|
Under contract |
24 |
966,645 |
217 |
48 |
1,493,951 |
156 |
|
1 |
1.349,000 |
214 |
|
Sold to 3/13/2026 |
18 |
723,388 |
180 |
45 |
1,936,894 |
136 |
|
6 |
409,000 |
237 |
|
Sold 2025 |
104 |
755,564 |
153 |
159 |
1,291,016 |
140 |
|
7 |
952,857 |
252 |
|
Sold 2024 |
75 |
818,493 |
117 |
165 |
1,472,757 |
114 |
|
15 |
1,403,533 |
192 |
|
Sold 2023 |
98 |
955,261 |
65 |
263 |
1,267,390 |
73 |
|
24 |
920,645 |
76 |
|
CAPTIVA Residential |
CONDOS |
HOMES |
LOTS |
||||||
|
# |
Avg Price |
DOM |
# |
Avg Price |
DOM |
# |
Avg Price |
DOM |
|
|
For sale |
49 |
1,532,100 |
196 |
28 |
6,592,285 |
240 |
3 |
10,166,666 |
485 |
|
Under contract |
4 |
1,239,250 |
166 |
2 |
4,825,000 |
375 |
0 |
N/A |
N/A |
|
Sold to 3/13/2026 |
8 |
847,500 |
147 |
2 |
4,275,000 |
241 |
0 |
N/A |
N/A |
|
Sold 2025 |
16 |
931,187 |
214 |
12 |
2,480,375 |
90 |
0 |
N/A |
N/A |
|
Sold 2024 |
13 |
1,728,846 |
185 |
8 |
4,887,187 |
182 |
0 |
N/A |
N/A |
|
Sold 2023 |
17 |
834,176 |
98 |
17 |
2,716,647 |
70 |
0 |
N/A |
N/A |
Sanibel & Captiva Islands Multiple Listing Service Activity Mar 6-13
CONDOS
4 new listings: Blind Pass #E104 2/2 $475K, Loggerhead Cay #452 2/2 $759K, Sanibel Arms West #D3 2/2 $859K, Sundial #R305 2/2 $1.285K.
1 back-on-market: Sundial #G306 1/1 $575K.
9 price changes: Spanish Cay #F7 1/1 now $299K, Tennisplace #B31 2/1.5 now $454K, Spanish Cay #D5 2/2 now $479K, Sundial #C307 1/1 now $499K, Lighthouse Point #214 3/2 now $669K, Sunset South #2A 2/2 now $799K, Sunset South #3D 2/2 now $860K, Sunward #102 2/2 now $980K, Nutmeg Village #109 2/2 now $1.075M.
7 new sales: Cottage Colony West #117 1/1 listed for $475K, Sandalfoot #1B3 1/1 listed for $575K, Sand Pointe #122 2/2 listed for $599K, Oceans Reach #2A4 2/2 listed for $999K, Sanctuary Golf Villages #1-PH5 2/2.5 listed for $1.075M, Sanddollar #B303 3/2 listed for $1.445M, High Tide #B101 3/2.5 listed for $1.95M.
3 closed sales: Blind Pass #F104 2/2 $420K, Sundial #J304 2/2 $731K, Sundial #A406 1/1 $800K.
HOMES
7 new listings: 1813 Long Point Ln 4/2.5 $750K, 746 Cardium St (multi-family) 4/2 $900K, 4534 Bowen Bayou Rd 3/2 $989K, 3702 Coquina Dr 4/3 $1.05M, 1089 Skiff Pl 3/2 $1,347,500; 3708 Agate Ct 3/3.5 $1.375M, 2297 Wulfert Rd 5/5 $3.375M.
17 price changes: 446 Lake Murex Cir 2/2 now $599K, 9225 Dimmick Dr 4/2.5 now $794K, 686 Emeril Ct 3/2 now $899K, 698 Spartina Ct 3/2 now $899.9K, 1113 Sand Castle Rd 3/2 now $974K, 1103 Captains Walk St 3/2 now $1.049M, 1666 Middle Gulf Dr 3/2 now $1.239M, 1360 Jamaica Dr 3/3 now $1.365M, 9455 Coventry Ct 3/2 now $1.495M, 785 Birdie View Pt 3/2.5 now $1.595M, 3354 Barra Cir 3/3 now $1.774M, 5810 Pine Tree Dr 4/3 now $1,889,999; 1489 Middle Gulf Dr 3/4.5 now $2.195M, 4972 Joewood Dr 4/3.5 now $2.375M, 896 Limpet Dr 3/3 now $2.395M, 1543 San Carlos Bay Dr 5/4 now $2.499M, 505 Kinzie Island Ct 5/4.5 now $4.35M.
10 new sales: 1611 Sand Castle Rd (1/2 duplex) 3/3.5 listed for $579K, 838/840 Rabbit Rd (multi-family) 4/2 listed for $699K, 566 Boulder Dr 3/2 listed for $799K, 4731 Ruelle 3/2 listed for $1.049M, 556 Sea Oats Dr 3/2 listed for $1.09M, 205 Daniel Dr 4/3 listed for $1.275M, 1564 Middle Gulf Dr 3/2.5 listed for $1.149M, 1062 S Yachtsman Dr 3/3 listed for $1.199M, 2337 Wulfert Rd 4/3 listed for $1.589M, 4383 Gulf Pines Dr 5/4.5 listed for $2.498M.
3 closed sales: 910 Fitzhugh St 4/2 $385K, 732 Windlass Way 4/3.5 $1.475M, 1326 Seaspray Ln 4/4.5 $2.2M.
LOTS
1 new listing: 1016 Fish Crow Rd $665K.
No price changes.
1 new sale: 2563 Coconut Dr listed for $1.349M.
No closed sales.
Captiva
CONDOS
No new listings.
7 price changes: Bayside Villas #4112 1/2 now $489K, Bayside Villas #4216 1/2 now $489K, Bayside Villas #5120 1/2 now $499K, Gulf Beach Villas #2117 1/1 now $610K, Gulf Beach Villas #2121 3/3 now $1.249M, Beach Villas #2236 3/2 now $1.395M, Lands End Village #1656 3/3 now $1.895M.
No new sales.
1 closed sales: Tennis Villas #3111 1/1 $290K.
HOMES
No new listings.
1 price change: 16500 Captiva Dr 6/6.5 now $6.6M.
No new sales.
1 closed sale; 14865 Mango Ct 2/2 $1.05M.
LOTS
Nothing to report.
































































