Valentines Day 2014 & Real Estate Action on Sanibel Island


It’s been another busy busy week on Sanibel Island. Many of our listings had showings and good sales activity is reported. Our 2-bedroom listing at Pointe Santo was one of the six condos that went under contract this week. Island-wide, seven homes and three lots have gone under contract since last Friday too. We also got another nice listing at Mariner Pointe. It’s #332, which is a thoughtfully remodeled 2nd floor 2 bedroom (the wide floor plan) with terrific view of the Shell Harbor canals and the marina, plus a peek of the bay. A few photos are below.

 

I was out showing property today and will be holding an open house tomorrow during the busy Rotary Arts & Crafts Fair. Dave and I both have been busy opening properties and accompanying showings, while Elise has been juggling all of the showing appointments, providing the property fliers, and getting the feedback. Lisa will be working with me tomorrow.

This afternoon, Dave and I did a walk-thru for a closing. Here are a couple of photos also taken from Mariner Pointe. One is of the inlet to the Shell Harbor canal system from San Carlos Bay. It shows the good progress made from the recent dredging project.

MP Canal 2-14-14

The other is of the Sanibel Marina. There sure are some nice boats docked there today!

 MP Marina 2-14-14

Rumor has it that with the new Saturday check-ins arriving tomorrow, there most likely will be no accommodations vacancies on the island – nary a broom closet left. That nasty weather up north sure is helping us again this week!

Below are a couple of new items, followed by the action report in the Sanibel & Captiva Multiple Listing Service this week. The busy-ness should continue until Easter! Wooohooo!

Thursday Sanibel & Captiva Islands REALTOR® Caravan Meeting

Island insurance company owner, Chris Heidrick, is an affiliate member of The Sanibel & Captiva Islands Association of REALTORS® and a member of Sanibel’s Planning Commission. He also just returned from Washington where he and a group from Sanibel went to meet wiith representatives on the Hill about the Biggert Waters Flood Insurance Reform Act. He said that he and Sanibel Mayor Ruane got out of the City just in the “nick of time”, before Thursday’s snowstorm. In updating our membership about that trip, his report echoes the following email that our Association Executive received that morning from John Seebree, Florida REALTORS® Senior VP of Public Policy:

“The U.S. House now is expected to vote during the week of February 24 on some relief from the Biggert-Waters Lood Insurance Reform Act.  We do know that the House will not approve the 4-year delay that was approved by the U.S. Senate, but we do expect them to pass some immediate relief and we expect it to be retroactive. The bill they are working from is HR 3370 which has many Florida cosponsors, however, this bill will change dramatically over the next week or so. Below is a press release dated February from U.S. House Majority Leader Eric Cantor who has taken control of this issue. This is positive movement….”

Leader Cantor’s announcement said that “The House will consider a modified version of the Homeowners Flood Insurance Affordability Act the week of February 24…The Senate bill irresponsibly removed much need reforms and imposes additional costs of taxpayers. The House will act to protect the flood insurance program but also protect homeowners from unreasonable and unrealistic premium increases.”

Chris Heidrick said that House leaders want to do away with the Senate’s language that would delay rate hikes under the National Flood Insurance Program for up to four years.

Rumor has it that instead, the House version could stipulate that the program cannot increase insurance premiums by more than 15% each year on any property, even if a property has been sold or its flood insurance policy lapses. House leaders also want to make those changes apply retroactively so that property owners who have seen a sudden spike to full-risk rates will get a refund. Under the legislation that Congress enacted in 2012 to overhaul the program, FEMA is ordered to increase premiums by up to 20% each year on all properties that have been subsidized.

City to Review “Dark Sky” Ordinance

Sanibelcityseal logoAs reported in island newspapers today, “The Sanibel City Manager’s office was recently directed to compile information about the Dark Sky Ordnance so council could address concerns raised by residents that it wasn’t reasonable.

“By January 1, 2015 properties are expected to comply with the ordinance, which passed in 2000 to protect the island’s natural beauty and habitat for nocturnal and crepuscular species – such as sea turtles in nesting season – by minimizing the amount of light pollution.”

“Jeff Molnar, owner and operator of Molnar Electric on the island, said the Dark Sky Ordinance had undergone 17 revisions over the course of a year-and-a-half before it was passed, and that included regular consultation with the International Dark Skies Association.

“He said there aren’t a lot of reasonably priced, compliant light fixtures on the market today. When the ordinance was passed in 2000 the presiding council believed that 15 years was enough time for the upgrades to be made and for new technology to be developed, but it didn’t work out that way….”

Several island residents and representatives from condominium associations also addressed City Council earlier this month to discuss the costs associated with updating light fixtures and local safety concerns at night. One mentioned that according to their research, Sanibel Island is one of only four cities in the United States with a dark skies ordinance and the other cities on the list aren’t in Florida.

“Mayor Ruane said City staff would study all of the information on the Dark Sky Ordinance so council could decide on how to deal with the issue.”

SCCF Annual Open House is Monday

SCCF logoThe Sanibel-Captiva Conservation Foundation’s 36th annual open house is Monday – President’s Day – and a school holiday.

From 11 a.m. to 1 p.m. the Nature Center and trails are open FREE.

From 11 a.m. on, there are a variety of exhibits and events planned, including the 27th annual Nature Sounds Contest. All educational and good fun. More info at www.sccf.org

Sanibel & Captiva Islands Multiple Listing Service Activity February 7-14

Sanibel

CONDOS

4 new listings: Captains Walk #C1 2/1 $319K, Mariner Pointe #332 2/2 $520K (our listing), Pointe Santo #E32 2/2 $739K, Kings Crown #104 2/2 $895K.

3 price changes: Sundial #H107 1/1 now $322K, Sundial #J307 2/2 now $539K, Sundial #Q202 2/2 now $739K.

6 new sales: Sundial #H203 2/2 listed for $475K, Sundial #J108 2/2 listed for $490K, Loggerhead Cay #362 2/2 listed for $512K, Pointe Santo #B23 2/2 listed for $649.9K (our listing), White Pelican #123 2/2 listed for $799K, Kings Crown #303 2/2 listed for $978K.

1 closed sale: Oceans Reach #4C1 2/2 $779K.

HOMES

9 new listings: 1565 Bunting Ln 3/2 $479K; 4546 Waters Edge Ln 2/3 $499K; 1526 Bunting Ln 5/3 $578K; 601 Sea Oats Dr 3/2 $599K; 938 Strangler Fig Ln 2/2 $629K; 917 Pepper Tree Pl 4/3 $849,407; 4444 Waters Edge Ln 3/2 $975; 820 Angel Wing Dr 3/2 $999K (our listing); 830 Limpet Dr 4/4.5 $1.895M.

9 price changes: 966 Fitzhugh St 2/1 now $333K, 1709 Sand Pebble Way 4/3 duplex now $429.9K, 736 Cardium St 3/2 now $451K, 1481 Sand Castle Rd 2/2 now $539K, 4563 Brainard Bayou Rd 3/3 now $629K, 1504 Angel Dr 4/3 now $795K, 2498 Harbour Ln 4/3 now $825K, 659 Anchor Dr 3/2 now $929K, 6433 Pine Ave 4/3 now $1.2M.    

7 new sales: 1327 Tahiti Dr 2/2 listed for $424.9K, 1826 Ardsley Way 4/3 listed for $484.7K, 5284 Ladyfinger Lake Rd 3/2 listed for $525K, 460 East Lake Rd 2/2 listed for $589K, 4472 Waters Edge Ln 3/3 listed for $849K, 836 Birdie View Pt 3/3 listed for $1.189M, 542 Kinzie Island Ct 3/3.5 listed for $2.1M.

4 closed sales: 5750 Pine Tree Dr 2/2 $660K, 1013 Lindgren Blvd 4/3 $762K, 720 Periwinkle Way 3/3.5 $1.275M, 829 Tulip Ln 5/4.5 $2.25M.

LOTS

No new listings.

1 price change: 3792 Coquina Dr now $349K.

3 new sales: 3037 Poinciana Cir listed for $199,555; 1340 Eagle Run Dr listed for $279K; 1898 Woodring Rd listed for $2.495M.

No closed sales.

Captiva

CONDOS

Nothing to report.

HOMES

No new listings.

1 price change: 11514 Wightman Ln 5/5 now $1,985,589.

1 new sale: 11522 Andy Rosse Ln 5/4.5 listed for $2.45M.

1 closed sale: 17041 Captiva Dr 2/2 $1.49M.

LOTS

Nothing to report.

This representation is based in whole or in part on data supplied by the Sanibel & Captiva Islands Association of Realtors or its Multiple Listing Service.  Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.  If your property currently is listed with another broker, this is not intended as a solicitation of that listing.

valentine-clipartcom-free-valentine-clip-art 

Happy Valentines Day!

from Susan

& The SanibelSusan Team (Dave, Elise, & Lisa)

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