It is Friday again and the islands are getting busier as more winter residents return. Beaches and local waterways continue to recover. During off-island jaunts, it is great to again see cars on the causeway with folks picnicking and enjoying sunsets, while boaters head up and down the intra-coastal and out into the gulf, and fish-hunting pelicans skim the bay alongside the bridges. Love it when those birds abruptly dive down to grab dinner.
Visitors report that Sanibel’s shelling has been excellent too – probably the aftermath of Hurricane Matthew stirring things up in the gulf. There have even been a few photos in the local paper of finders with cherished junonia shells. After 30+years searching, I’m still looking for a whole one.
Fishermen are back too, with plenty of videos posted on social media including tarpon jumping, following baitfish pools.
Now if the summer temperatures and humidity would subside, it would really feel like fall here. That’s expected to happen on Monday when a mini-cool front is expected to arrive. (Mini means staying in the 80’s during the day!)
At SanibelSusan Realty Associates
On the real estate front, it again was a week with just a handful of new island sales: on Sanibel – two condos and two homes, and just one home on Captiva. Those details follow a couple of news items below.
Sometimes when taking to property owners thinking of selling, we must tell them that their property may not be worth what they think. That’s not fun.
Here is some info that can help convince them. Lee County property taxes are paid in arrears each year with the taxable value based on a percentage of comparable property sales the preceding year. A property’s taxable value is not the same as the sale value, but it does provide a way to correlate it.
This is probably a generalization, but most Sanibel properties are worth less now than they were if they were if purchased between 2002 and 2009, or even last year. To check the assessed value of any Lee County property, go to the appraiser’s website at www.LeePa.org. Click the “database search” button in the left-hand menu. Then click “property data search”, then enter the address or the owner’s name. When the record pops up, click on the blue “parcel details” link on the right. When the property data page comes up, on the left-hand side under the legal information is a heading called “Current Working Values”. Under that heading is what the county appraiser determined as the property value for 2018 taxes.
Just to the right of the heading is a little icon that looks like a stack of papers (it has a red/blue/yellow graph on it). Click on that icon and up comes the property value history, all the way back to 1992. If it was purchased after that, you can pinpoint what the taxable value was in the year that it was purchased. Comparing that to its taxable value today, offers a way to calculate what the 2018 sale value may be.
Sanibel & Captiva Islands Association of Realtors
Yesterday was our last off-season Thursday morning Caravan Meeting. Beginning Nov 1, those will be every week until spring. These events are an opportunity for our members to announce new listings and price reductions, congratulate colleagues on sales, and then visit as many as 20 new listings held open by the listing agents so that Realtors® can learn about the special features of each specific property in advance of showing it.
As homeowners and condominium associations have their annual meetings and their fees/special assessments and/or amenities change, Caravan also is when listing agents advise of that info. It then is posted by the Realtor® Association in our resource material which is available to all agents.
So, if you are out-and-about on a Thursday morning from 9 a.m. until noon on any given week, there are Open House signs and listings to preview – often they are new to the market.
- 4th Annual Pigs In Paradise Roast – Tomorrow, Sat Oct 20, hosted & to benefit Children’s Education Center of the Islands (CECI) at the preschool (350 Casa Ybel Rd) from 4 to 7 p.m. The school opened in 1974 & is a nonprofit parent co-op that serves families who live or work on Sanibel and Captiva. It is open to children ages 12 months to 5 years.
- 33rd Annual BaileyFest – Sun Oct 21 in Bailey’s Shopping Center from noon to 4-p.m.
- 14th Annual Island Paws Howl-o-Ween Bash – Fri Oct 26 from 5 to 7 p.m. at Over Easy Café Patio includes pet costume contest & fundraiser to benefit Captains for Clean Water.
- 10th Annual 10K Race 4 FISH – Sat Oct 27, begins & ends early at The Community House. SanibelSusan is the Sanibel Square roadway volunteer, near the finish line. Give a wave if you are running!
- Flip Flop Family Scavenger Hunt – Sat Nov 3 to benefit Sanibel Sea School scholarship program. Starts at 10:30 a.m. at Sanibel Congregational Church
- Sanibel Blues & Jazz Festival – Sun Nov 4 in Bailey’s Backyard from 12 to 7 p.m. Tickets at https://www.eventbrite.com/e/sanibel-blues-jazz-festival-tickets-50608163379
- 37th Annual Taste of The Islands – Sun Nov 11 at Sanibel Community Park from 12:30 to 5 p.m. www.crowclinic.org/articles/37th-taste-of-the-islands
- The Launch – Sat Nov 17 Coastal Keepers fundraiser at The Community House from 6 to 10 p.m. More info & tickets at http://www.sancapcoastalkeepers.org/the-launch
Sanibel & Captiva Islands Multiple Listing Service Activity Oct 12-19, 2018
4 new listings: Blind Pass #C201 2/2 $440K, Seashells #3 2/2 $449K, Signal Inn #14 2/2 $849K, Sanibel Arms West #E2 2/2 $874K (our listing, pictured below).
2 price changes: Mariner Pointe #122 1/1 now $389.9K, Plantation Village #312 3/2.5 now $1.69M.
2 new sales: Pointe Santo #C34 1/1 listed at $475K, Sunset South #6B 2/2 listed at $599K.
No closed sales.
8 new listings: 406 Lighthouse Way 3/3.5 $649K, 1009 Dixie Beach Blvd 3/2 $650K, 256 Daniel Dr 2/2 $799K, 5842 Pine Tree Dr 3/2 $1.189M, 1150 Seagrape Ln 3/2 $1.279M, 1345 Eagle Run Dr 3/2.5 $1.295M, 297 Ferry Landing Dr 3/3 $1.299M, 488 Lighthouse Way 4/4 $3.335M.
10 price changes: 1027 Sand Castle Rd 2/2 now $525K, 746 Cardium St 4/2 now $690K, 749 Cardium St 2/2 now $729K, 4460 Waters Edge Ln 3/2 now $848K, 1307 Par View Dr 3/3 now $1.099M, 534 N Yachtsman Dr 3/2 now $1.1M, 794 Conch Ct 3/2.5 now $1.295M, 500 Kinzie Island Ct 3/3 now $1.525M, 872 Limpet Dr 3/3 now $1.749M, 1238 Isabel Dr 5/3/2 now $2.59M (foreclosure), 6111 Sanibel-Captiva Rd 5/4/3 now $16.875M.
2 new sales: 1190 Sand Castle Rd 3/2 listed at $585K, 1350 Middle Gulf Dr (Moonshadows #2F) 3/3 half-duplex listed at $849K.
No closed sales.
2 new listings: 2994 Island Inn Rd $209.9K, 539 Sea Oats Dr $495K.
No price changes, new, or closed sales.
2 new listings: Tennis Villas #3217 1/1 $350K, Captiva Hide-a-Way #1B 2/2 $895K.
1 price change: Gulf Beach Villas #2008 2/2 now $639K.
No new or closed sales.
No new listings.
1 price change: 11535 Wightman Ln 4/4 now $1.995M.
1 new sale: 44 Oster Ct 2/2 listed at $1.095M.
No closed sales.
Nothing to report.
This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors® 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.
Until next Friday! Enjoy your week, Susan Andrews aka SanibelSusan