Hooray, The Sun is Out Again Today!

Lee County Schools begin their fall session Tuesday (August 10), while the last day of the school year will be later than usual next spring, on Thursday, June 2. This week local families fitting in last-minute beach visits probably haven’t been happy about all the rain. It came down in torrents on Monday (over a foot measured in some parts of SW Florida) and again Tuesday. Both Wednesday and Thursday had off-&-on rain too. To say island vegetation is green and growing fast is an understatement. It definitely has been tropical.
Today, the weather is bright and sunny, though expected to revert later to the typical summer schedule of an afternoon/evening shower.

Island Real Estate

There has not been a lot of new real estate action this week, probably weather and summer-time related, but likely because inventory continues to be low. At the Sanibel & Captiva Islands Association of Realtors® biweekly caravan meeting yesterday just two new listings were on tour. After a few news items below is the action posted in the local Multiple Listing Service since last Friday.
In summary, today on Sanibel there are 13 condos for sale, five on Captiva. With homes, 31 are available on Sanibel, 13 on Captiva. Just 17 residential lots for sale on Sanibel, none on Captiva.

The Sanibel School

The Sanibel School is accepting new students and does not require that they live on-island. With an “A” rating and designated a School of Excellence by the Florida Department of Education, the K-8 campus provides an exceptional learning environment for its students, and the array of programs available is comparable with even the largest schools in the district. For more about enrollment and the waiver process, or to set up a tour, call registrar Donna Marks at 239-472-1617 or email donnamm@leeschools.net.

Sanibel Causeway Toll Facility Maintenance Work

Sanibel received notice this week from Lee County of scheduled preventative maintenance work at the Sanibel Toll Facility. Work will be performed beginning Monday, August 23, between 7:30 a.m. and 5 p.m. Monday through Saturday and is expected to continue until September 3. No work will be done during Labor Day weekend.
The County urges motorists to use caution. Intermittent lane closures will be necessary in the work areas. At least two lanes will always remain open. (The Sanibel Causeway Toll Facility and Bridges are owned and operated by the Lee County Board of County Commissioners.)

TRIM Notices Coming Soon

Usually, mid-August is when the Lee County Property Appraiser’s office mails out annual TRIM notices to property owners. TRIM stands for “Truth in Millage” and is the official notice, required by state law, of the proposed property taxes.
A TRIM Notice is not the tax bill, but an estimate of the expected taxes based on the proposed millage rates for that year. It considers the property value as of January 1 of the year and any applicable exemptions applicable to the property, such as a homestead exemption.
The TRIM notice is important as it is it provides a 25-day window for an owner to contest the taxable value of their property. Each year, the Property Appraiser’s Office uses available information to assess the value of the property. Here on the islands, the Appraiser’s Office has access to our Multiple Listing System information.
In a hot market, property values are destined to go up. When you get your TRIM notice, if you think you have grounds to contest the value, please let us know if we can provide comparable sales info.

City of Sanibel Budget

Sanibel’s draft budget for the next fiscal year – October 1, 2021 through September 30, 2022 was prepared with an operating millage rate of 1.8922 which is the same rate that was assessed to taxpayers last year. The City Finance Director recently advised City Council that the 2021 budget was prepared when the effects of the pandemic on economy were unknown. Since then, better-than-expected revenues and expense-saving initiatives in preceding years have put the City in a good economic position heading into this budget cycle. The 2022 draft budget is 12.1% higher than the adopted budget for fiscal year 2021.
According to an article posted in today’s “Island Sun”, the City’s taxable property value for fiscal year 2022 has been assessed by the Lee County Property Appraiser at $5,615,472,773 which is a 3.74% higher than last year which was an all-time historical high.
The City millage rate has decreased approximately 10% since 2013 to reach the 1.8922 rate proposed.
The first public hearing on the budget will be held Monday September 13 and the final hearing will be Monday, September 27, both at 5:01 p.m. in MacKenzie Hall at 800 Dunlop Rd.

Tarpon Bay Brings Back Breakfast Cruise & Touch Tank

As posted this week in “News from “Ding” Darling Wildlife Society: “For the first time since pandemic lockdown, Tarpon Bay Explorers, the Refuge recreation concession, has resumed its Breakfast Cruises and Touch Tank sessions. The morning cruises which run Wednesdays at 8:30 a.m., tour around Tarpon Bay in pursuit of wildlife such as birds, manatees, and dolphins. Participants enjoy a continental-style breakfast during the cruise, including freshly made doughnuts from Bailey’s General Store with coffee, tea, or orange juice. The last half hour is spent at the Touch Tank where guests get a hands-on experience to learn about the wildlife that lives beneath bay waters.”

Captiva Beach Renourishment Project Update

Those visiting Captiva might want to take note of the following parking lot closures from the island beach re-nourishment project underway. Designed to last about eight to ten years, the re-nourishment project is expected to provide the necessary maintenance to counteract long-term critical erosion of Captiva’s beaches, properties, and shorelines.
Alison Hagerup Beach Park – 14790 Captiva Dr
·        Sep 3 to 10 – full closure
·        Sep 11 to Oct 7 – partial closure
·        Oct 8 to 22 – full closure
Turner Beach – 17200 Captiva Dr
·        Aug 6 to 18 – full closure
·        Aug 18 to Sep 2 – partial closure
·        Sep 3 to 10 – full closure.

Sanibel Recreation Center

The Rec Center was closed this week and will remain closed through Sunday (August 8) to complete annual maintenance projects. It reopens Monday August 9.
Daily, weekly, semi-annual, and annual memberships are available. Beach parking permits are purchased at the Rec Center too.

Sanibel & Captiva Islands Multiple Listing Service Activity July 30 – August 6, 2021

1 new listing: Tantara #102 2/2 $1.139M.
 No price changes.
2 new sales: Oceans Reach #3A1 2/2 listed at $894.9K, Island Beach Club #330B 2/2 listed at $989K.
2 closed sales: Spanish Cay #F2 1/1 $325K, Nutmeg Village #313 2/2 $1.295M.
6 new listings: 1846 Ardsley Way 2/2 $700K; 535 Birdsong Pl 3/2 $721,555; 556 Sea Oats Dr 3/2 $1.075M; 743 Durion Ct 3/2 $1.299M; 509 Lagoon Dr 3/2 $1.795M; 1266 Par View Dr 4/4 $2.295M.
5 price changes: 1025 S. Yachtsman Dr 3/2 now $850K, 565 Lake Murex Cir 3/2 now $899K, 5817 San-Cap Rd 4/2 now $1.19M, 5379 Shearwater Dr 4/3 now $2.149M, 737 Periwinkle Way 3/3 now $2.2M.  
6 new sales: 1444 Sandpiper Cir 2/2 listed at $489K, 5308 Ladyfinger Lake 3/3 listed at $779K, 4506 Bowen Bayou Rd 3/2 listed at $819K, 460 Sawgrass Pl 2/1 listed at $849K, 1866 Farm Tr 3/3 listed at $890K, 5786 San-Cap Rd 2/2 listed at $1.029M.  
9 closed sales: 1717 Atlanta Plaza Dr 2/2 $550K, 9431 Moonlight Dr 3/2 $850K, 540 East Rocks Dr 3/2 $975K, 221 Robinwood Cir 3/2 $980K, 633 Lake Murex Cir 3/3 $1M, 4516 Bowen Bayou Rd 3/2.5 $1.005M, 539 N Yachtsman Dr 4/3.5 $1.3M, 5809 San-Cap Rd 3/2 $1.351M, 1001 Schooner Pl 3/2.5 $1.6M.
3 new listings: 1272 Par View $459K, 845 Pyrula Ave $515K, 638 Lake Murex Cir $565K.
No price changes or new sales.
1 closed sale: 5116 Sea Bell Rd $210K.
No new listings or price changes.
1 new sale: Captiva-Hideaway #D 2/2 listed at $1.075M.
No closed sales.
1 new sale: 10 Sunset Captiva Ln 2/2.5 $1.395M.
No price changes, new sales, or 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, Susan Andrews, aka SanibelSusan

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