All’s Well Post Elsa & July 4th Holiday 2021

It is with a sigh of relief that the island is back to a typical sunny summer Friday. Tropical Storm Elsa damage here was minimal. Heavy winds and hours of rain resulted in some temporary flooding in some low-lying areas along Periwinkle Way and on my street too, but it dispersed quickly and was less disruptive than Tropical Storm Eta that passed by last fall.

The below photo was posted Wed on the “Beautiful Sanibel Island” Facebook page by pal Diana Taylor, a site admin. How about the size of this post-Elsa shell? Way to go, Diana.

Also on Wednesday, teammate Dave took the below pictures while at Algiers Beach, Gulfside City Park.

SCCF turtle patrol staff and volunteers have been checking for disrupted nests, while a bit of beach erosion also has occurred in a few locations.

In the middle of the night, there was a lightning strike that hit one of the roof-top decks in the back building at Pointe Santo causing a small fire that resulted in a brief evacuation of that building. All occupants (except in #C47) were back in their units by early the next morning.

The Lee County Mosquito Control team are busy with fly-overs while landscapers and pool service folks also are catching up from the holiday and the storm. My yard is busting with tropical growth, but I am still watching for the return of the Sanibel bunnies.

At SanibelSusan Realty Associates

Here in the office, teammate Lisa got our holiday stars up in time for July 4th..

Last weekend, I put a home in The Sanctuary under contract.

On Monday teammate Elise was back at her post.

This week, teammate Dave, who in addition to being our Closing Coordinator, handles our off-island business, listed a large home in The Estates at Estero River. Shown in the aerial below, it features 4 bedrooms, 2-1/2 baths, 4-car garage, expansive general livign spaces & a beautiful backyard entertainment area with outdoor kitchen. Gated community with low HOA fee covering community gulf access for canoes, kayaks, small boats.

Island real estate news slowed down a little this week with the holiday and Elsa disrupting things.

After a news item below is the action posted in the Sanibel & Captiva Multiple Listing Service since last Friday.

Condo Insurers Reacting to Surfside Disaster

Yesterday, FloridaRealtors® on-olline posted the below follow-up article from the “Miami Herald”.

“It’s too soon for lawmakers to suggest solutions for problems not yet explained, but insurers have started to ask condo HOAs for proof that they’ve passed all inspections.

“MIAMI – Gov. Ron DeSantis said Wednesday that condominiums in Florida are “kind of a dime a dozen, particularly in southern Florida,” but he would not commit to any state action to address concerns about the aging buildings, suggesting that Champlain Towers South “had problems from the start.”

“Speaking after a briefing on Tropical Storm Elsa at the state Emergency Operations Center in Tallahassee, the governor would not say if he supports calls to require that aging buildings throughout the state be recertified to assure residents of their structural integrity in the wake of the deadly collapse of the 136-unit high-rise in Surfside.

The building was going through its 40-year recertification process when it crumbled at about 1:20 a.m. on June 24. Experts say the tragedy has exposed weaknesses in the state’s building inspection process, and some state legislators, structural engineers and insurance agents have suggested that it’s time for the state to update laws that apply to coastal high-rises.

““We obviously want to be able to identify why did this happen,” DeSantis said. “Is this something that was unique to this building? Is it something that was unique to the person that maybe developed it – because obviously there are sister properties? Is it something that buildings of that age, that would have implications beyond southern Florida or the entire state of Florida? I think we need to get those definitive answers.”

“The governor was then asked about the impact of the condo collapse on the state’s soaring condominium real estate market. While the exact cause or causes of the collapse of the 40-year old structure probably won’t be known for some time, real estate experts warn that the tragedy has become a concern for would-be buyers of waterfront condos in older buildings.

““I can just say, just having talked with people who’ve been on the scene – people who’ve done stuff – I think this building had problems from the start, let’s just put it that way,” the governor answered. “… So I wouldn’t jump to conclusions about it but, at the same time, if there is something identified that would have implications broader than Champlain Towers, then obviously we’re going to take that and act as appropriate.”

“Miami-Dade County and several coastal cities in the county have launched their own review of aging buildings since the Surfside tragedy.

“On Friday, the city of North Miami Beach ordered the evacuation of Crestview Towers Condominium after a building inspection report found it to have unsafe structural and electrical conditions, and on Saturday firefighters ordered residents to evacuate a low-rise condominium complex in Miami Beach after a building inspector flagged a flooring system failure in a vacant unit and damage to exterior walls.

“Miami-Dade and Broward counties are the only Florida counties that require aging high-rises to go through a reinspection after they reach 40 years of age. No other Florida counties mandate routine inspection after a building is built.

“Call for more condo scrutiny – Sen. Jason Pizzo, a Miami Democrat whose district includes Surfside, said the state needs to update its reinspection process to include more factors, especially for buildings close to the shoreline and flood zones. With exposure to corrosive sea salt and vulnerability to sea level rise, coastal condominiums should be the subject of increased scrutiny in Florida, he said.

“The Surfside condo collapse is expected to dampen sales of existing condos in Miami, particularly in older buildings, experts said. According to the Miami Association of Realtors, sales of existing condos had been driven primarily by U.S. buyers from other states and in May jumped a whopping 286% year-over-year, from 563 to 2,176.

“Experts say it may take years for a forensic investigation to single out the source of the failure of Champlain Towers South. A 2018 engineering report done for the building’s condominium association detailed “abundant cracking” in concrete columns, beams and walls and said that the lack of proper drainage under the pool deck had caused “major structural damage.”

“Six engineering experts interviewed by the Miami Herald said that, based on the publicly available evidence, it appeared that a structural column or concrete slab beneath the pool deck likely gave way first on June 24, causing the deck to collapse into the garage below. That may have formed a crater beneath the bulky midsection of the tower, which then caved in on itself, the experts said.

“Documents from the Champlain Towers South condo association show that board members disagreed over the assessment for its building repairs, which first were estimated at $9 million and, within two years, grew to $15 million.

“Insurers grow concerned – In the absence of broader state and county regulation, the insurance industry in Florida has begun its own assessment of its liability in the condominium market. Insurance companies sent letters to owners of condominiums 40 years and older in South Florida last week, asking for proof that their buildings have passed all inspections or they will lose their coverage.

“The destruction of the Surfside condo has rattled the insurance industry that had already considered older condos on the coast – with their hurricane exposure, their common ownership structure and reputation for delaying maintenance – a high risk, experts said.

“”A deep wound” – Meanwhile, DeSantis has focused his attention on the rescue and recovery efforts. He spent most of the 13 days since the condo collapse at the building site meeting with leaders of the rescue mission and families of the people still missing.

“On Wednesday, the governor said the tragedy will not be forgotten and spoke of the determination of the rescue teams and the outpouring of community support. “It’s going to be a deep wound for a long time,” he said. “But as tragic as it’s been, I think the outpouring of support has shown a lot of great parts of our community.”

“He said the members of the rescue teams from across the country “are leaving a very impressive legacy.” “They get very invested in it and, so to see that, and to see that singularity of purpose, has really been heartening.”

He concluded: “I don’t think the state’s ever going to quite be the same. But I’ll tell you. You never want to go through the tragedies but those folks there, you know they are leaving a very impressive legacy.

““And for those who are missing, who have been identified as being deceased, the impact that they’ve had, not just on Florida but through folks all across the country and the world, has really been profound.””

Sanibel & Captiva Islands Multiple Listing Service Activity July 2-9, 2021

Sanibel

CONDOS

1 new listing: Gulfside Place #225 2/2 $1.595M.

No price changes.

2 new sales: Sanibel Arms West #I7 2/2 $644.5K, Tarpon Beach #102 2/2 listed at $1.175M.

1 closed sale: Kimball Lodge #244 1/1.5 $520K.

HOMES

No new listings or price changes.

5 new sales: 223 Southwinds Dr 3/2 listed at $815K, 540 East Rocks Dr 3/2 listed at $1.025M, 5809 Sanibel-Captiva Rd 3/2 listed at $1.35M, 2367 Wulfert Rd 3/3.5 listed at $1.928M (our buyer), 5270 Indian Ct 6/6.5 listed at $2.295M.

2357 Wulfert Rd

6 closed sales: 9195 Dimmick Dr 2/2 $550K, 1649 Sand Castle Rd 3/2 half-duplex $635K, 9408 Moonlight Dr 3/2 $780K, 1747 Jewel Box Dr 3/2 $950K, 3960 West Gulf Dr 3/2 $1.01M, 768 Limpet Dr 3/3 $2.2M.

LOTS

No new listings or price changes.

1 new sale: 1032 Sand Castle Rd listed at $399,880.

No closed sales.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Bayside Villas #5343 3/3 listed at $874K.

No closed sales.

HOMES

No new listings, price changes, or new sales.

1 closed sale: 15133 Captiva Dr 3/3 $2.695M.

LOTS

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, wishing you sunshine, bright blue skies, & sparking water too!

Susan Andrews, aka SanibelSusan