Summer Island Weather & Real Estate News

Anyone on Sanibel and Captiva Islands on Monday night got a good example of why SW Florida is the lightening capital of the world. There were so many strikes from about 11 p.m. until just after 2 a.m., that it would be surprising if anyone could sleep through it. Thousands were recorded.
Both Tuesday/Wednesday nights and late day yesterday (and again now) were/are more storms, though not as severe. This time of the year, they often begin inland or on the other coast, slowly traveling west out into the gulf. Their storm clouds create some terrific sunsets, and the rain has been contributing to many rainbows and keeping vegetation green.
Thankfully, though Florida temperatures in August may reach into the 90’s, there haven’t been a lot of those, or at least not yet. It was a breezy 76 degrees F when I left the house early yesterday heading to our Association of Realtors® Thursday caravan meeting. It warmed up to 89 as the day progressed but cooled right back to 80 following the afternoon shower. Forecasters say we could get some 90-degree days over the weekend and early next week with more sporadic showers expected.

Sanibel & Captiva Islands Association of Realtors® Caravan Meeting

Attendance was light and only one property was open for viewing at the Caravan Meeting yesterday. No new sales were announced and just one price reduction, plus one listing coming back on the market.

More Island Real Estate Scoop

Back-on-market listings have been more frequent this year. It happens most when a property sells using the “as is” contract and the buyer comes to view it and/or inspects during the cancellation period. An “as is” sale may be canceled for any reason – or no reason – provided it is within the agreed time period.
Yesterday, I spoke to several Realtors® at the Caravan Meeting. Those working with buyers, say their customers are expecting better “deals” now that the real estate market is shifting. Many, they say, are waiting to see what happens with prices in the weeks/months to come. However, we Realtors® agreed that they shouldn’t always believe what they hear on the news and read on the internet. Talking to a professional local to the area being considered is an important step for any prospective buyer.
The details of the action since last Friday – both with our listings and posted in the Sanibel & Captiva Islands Multiple Listing Service – follows a couple of news items below. First a summary of the island inventory and sales year-to-date (from San-Cap MLS August 5, 2022), including sales during the same time period last year.
Status
SANIBEL
Condos
Homes
Lots
#
Avg $
DOM
#
Avg $
DOM
#
Avg $
DOM
For sale
26
1,262,077
55
34
2,315,117
49
5
1,677,400
97
Under contract
7
1,059,842
42
20
1,712,700
37
2
570,000
253
Sold to-date 2022
107
1,129,467
42
135
1,682,963
58
22
674,670
231
Sold same time last year
199
868,925
139
258
1,287,790
97
56
718,205
473
Status
CAPTIVA
Condos
Homes
Lots
#
Avg $
DOM
#
Avg $
DOM
#
Avg $
DOM
For sale
8
1,620,312
106
9
6,853,085
105
1
15,500,000
132
Under contract
1
1,375,000
42
1
7,250,000
77
0
N/A
N/A
Sold to-date 2022
27
1,468,575
51
20
5,637,525
128
0
N/A
N/A
Sold same time last year
 40
1,068,160
180
35
2,807.868
270
 2
2,950,000
731
If you are wondering what Sanibel properties are available for sale today in the San-Cap MLS, below is a list of the 65 properties available (by property type, then in ascending price order). It illustrates the huge spread between lowest and highest priced in each property type. Inventory is increasing, albeit slowly.
CONDOS
Captains Walk #A6 – 2nd floor 1 bedrm with washer/dryer – $449K
Colonnades #8 – 1st floor 1 bedrm in on-site daily rental program – $489K
Blind Pass #D102 – ground floor 2 bedrm in on-site weekly rental program – $685K
Lake Palms #3 – 2 bedrm  townhome condo – $699K
Blind Pass #D201 -2nd floor 2 bedrm in on-site weekly rental program – $699,007
Sundial #D203 – 2nd floor 1 bedrm in off-site weekly rental program – $850K
Sundial #I-103 – 1st floor 1 bedrm in on-site daily rental program – $850K
Loggerhead Cay #323 – 3rd floor 2 bedrm in weekly rental program – $860K
Sundial #C310 – 3rd floor 1 bedrm in on-site daily rental program – $875K
Sanibel Arms West #K8 – 2nd floor 2 bedrm in on-site rental program – $889K
Loggerhead Cay #331 – ground floor 2 bedrm on weekly rental program – $899K
Loggerhead Cay #271 -ground floor 2 bedrm in weekly rental program – $900K
Sundial #D305 – 3rd floor 1 bedrm with washer/dryer & owner rentals – $950K
2661 Wulfert Rd, Sanctuary Golf Villages #2 – ground floor 3 bedrm – $1.198M
2633 Wulfert Rd, Sanctuary Golf Villages #5 – 3rd floor 2 bedrm – $1.299M
Pointe Santo #E21 – 2nd floor 2 bedrm with weekly rentals – $1.325M
Sundial #F403 – 4th floor 2 bedrm in on-site daily rental program – $1.325M
Pointe Santo #D41 – 4th floor 2 bedrm with roof-top deck & weekly rentals – $1.399M
Pointe Santo #B44 – 4th floor 2 bedrm with roof-top deck & weekly rentals – $1.4M
Pointe Santo #A25 – 2nd floor gulf-front 2 bedrm with weekly rentals – $1.4M
Sanibel Surfside #116 – 1st floor gulf-front 2 bedrm with weekly rentals & cabana – $1.495M
Sanibel Surfside #122 – 2nd floor gulf-front 2 bedrm with weekly rentals – $1,54M
Sanddollar #A302 – gulf-front 3 bedrm in weekly rental program – $1,85M
Seascape #302 – 1st floor 3 bedrm – $2.495M
Somerset #D101 – 1st floor 3 bedrm – $2.499M
Wedgewood #104 – 2nd floor gulf-front 3 bedrm – $3.495M
HOMES
1835 Farm Tr, Island Woods – 3 bedrm 2 ba inland – $899K
1046 Sand Castle Rd, The Dunes – 2 bedrm 2 ba – $942K
1447 Albatross Rd, The Dunes – 3 bedrm 2 ba with pool – $980K
1382 Tahiti Dr, Tradewinds – 3 bedrm 2 ba near-beach – $995K
671 Durion Ct, East Rocks – 3 bedrm 2 ba near-beach with pool – $1.095M
9476 Balsa Ct, Gumbo Limbo – 3 bedrm 2 ba inland with pool – $1.135M
542 Boulder Dr, East Rocks – 2 bedrm 2 ba near-beach with pool – $1.150M
749 Cardium St, Sanibel Shores – 3 bedrm 2 ba near-beach with pool & owner rentals – $1.179M
1283 Par View Dr, Beachview Country Club Estates – 2 bedrm 2 ba with pool & rentals – $1.199M
1018 S Yachtsman Dr, Sanibel Estates – 3 bedrm 3 ba canal-side with pool – $1.295M
9448 Begonia Ct, Gumbo Limbo – 3 bedrm 2.5 bath lakeside inland – $1.35M
4677 Rue Bayou, Chateaux Sur Mer – 3 bedrm 3 ba near-beach with pool – $1,495M
1224 Kittiwake Cir, The Dunes – 3 bedrm 2 ba lakeside with pool – $1.625M
917 Lindgren Blvd, Shell Harbor – 3 bedrm 2 bath canal-side with pool – $1.692M
1270 Par View Dr, Beachview Country Club Estates – 3 bedrm 2 ba with pool – $1.699M
9020 Mockingbird Dr, The Dunes – 3 bedrm 2 bath lakeside with pool – $1,795M
6136 Henderson Rd, Betts – 3 bedrm 2 ba with on direct access canal – $1.795M
931 S Yachtsman Dr, Sanibel Estates – 4 bedrm 3.5 ba canal-side with pool & rentals – $1.895M
9027 Mockingbird Dr, The Dunes – 4 bedrm 3 ba lakeside with pool – $1.895M
1433 Sanderling Cir, The Dunes – 4 bedrm 3 ba lakeside with pool – $1.975M
2474 Wulfert Rd, The Sanctuary – 4 bedrm 4.5 ba with pool – $1.995M
896 Angel Wing Dr, Shell Harbor – 3 bedrm 2.5 ba canal-side with pool – $1.995M
2729 Wulfert Rd, The Sanctuary – 4-bedrm 4.5 ba with pool – $1.998M.
5855 Sanibel-Captiva Rd, Metes & Bounds – 3 bedrm 2 ba with pool on bayou – $2.275M
424 East Gulf Dr, Sanibel Estates – near-beach duplex with pool, 2 bedrm 1 ba each side – $2.599M
4353 Gulf Pines Dr, Gulf Pines – 3 bedrm 2.5 ba near beach – $2.85M
1543 San Carlos Bay Dr, Sanibel Isles – 4 bedrm 4 ba with pool on deep-water canal – $2.995M
1690 Sabal Palm Dr, Water Shadows – 5 bedrm 3 ba with pool on deep-water canal – $3.177M
543 East Gulf Dr, Sanibel Estates – beach-front 2 bedrm 2 ba “Summer of 42” – $3.5M
1520 Angel Dr, Sanibel Isles – 4 bedrm 4.5 ba with pool on deep-water canal – $3.655M
2969 Wulfert Rd, The Sanctuary – 6-bedrm 6.5.5 ba with pool – $3.695M
1318 Seaspray Ln, Seaspray – 5-bedrm 3.5 ba gulf-front – $4.295M
1558 & 1545 San Carlos Bay Dr, Sanibel Isles – bayfront 3 bedrm 3.5 ba with pool & dock lot – $4.35M
1191 Bird Ln, Richardsons – bayfront 5 bedrm 4.5 ba with pool & 2 boat lifts – $11.25M.
LOTS
2462 Wulfert Rd, The Sanctuary – golf course – $348K
1994 Wild Lime Dr, Sanibel Bayous – near-beach – $350K
1084 S Yachtsman Dr, Sanibel Estates – canal – $699K
3005 Turtle Gait Ln, Cardinal Ridge – acre plus near-beach – $995K
West Gulf Dr parcel 1, Metes & Bounds – gulf-front – $5.995M
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.

Update on Sea Turtle Nesting

Posted Tuesday morning on FB by an island volunteer: “Things were slow on the beach this morning after some heavy storms last night. I checked the condition of 18 nests in the zone I cover. While loggerhead sea turtle nesting is starting to wind down, hatching season is ramping up. 773 nests have hatched on Sanibel and Captiva beaches so far, with many of those reported hatches occurring last week. Thanks to the hard work from our volunteers and staff, 15,548 hatchlings have already emerged this season. Currently, there are 483 nests incubating on the islands, and more are expected to trickle in throughout August. (All sea turtle monitoring and research activities are conducted by trained individuals operating under Marine Turtle Permit #047)”

New August Schedule at CROW

The CROW (Clinic for the Rehabilitation of Wildlife) Connection received this week advises that for the month of August there will be just ONE daily presentation at 11 a.m. (Mondays-Fridays) with ONE wildlife walk guided hospital tour each day after that presentation. Also, the Visitor Education Center will be closed Saturdays and Sundays.

Vacation Rental Company Sold

Back in June, Island Vacations of Sanibel & Captiva sold to Gulf Coast Vacation Rentals which is a division of Gulf Coast Property Management, which has expanded beyond the Florida panhandle. Island Vacations will continue to operate under the same name.

Sanibel & Captiva Islands Multiple Listing Service Activity July 29-August 5, 2022

Sanibel
CONDOS
3 new listings: Sundial #D203 1/1 $850K, Sundial #I103 1/1 $850K, Loggerhead Cay #331 2/2 $899K.
2 price changes: Somerset #D101 3/2.5 now $2.499M, Wedgewood #104 now $3.495M.
2 new sales: Seawind #105 2/2.5 listed at $899K, Pointe Santo #D44 2/2 listed at $1.399M.
4 closed sales: Spanish Cay #A4 2/2 $638.5K, Sandalfoot #2A2 $860K, Gulfside Place #210 2/2 $1.33M, Atrium #301 $1.959M.
HOMES
1 new listing:  9448 Begonia Ct 3/2.5 $1.35M.
No price changes.
4 new sales: 531 Birdsong 3/2 listed at $799K, 446 Lake Murex 2/2 listed at $820K, 1289 Par View Dr 3/2 listed at $999K, 488 Lighthouse Way 4/4 listed at $5.195M.
2 closed sales: 3947 Coquina Dr 2/2 $1.125M, 2658 Coconut Dr 3/2 $2.489M.
LOTS
Nothing to report.
Captiva
CONDOS
No new listings, price reductions, or closed sales.
1 new sale: Marina Villas #902 2/2 listed at $1.375M.
HOMES
1 new listing: 16512 Captiva Dr 7/5.5 $11.995M.
No price reductions or new sales.
1 closed sale: 11524 Andy Rosse Ln 5/5.5 $3.995M.
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.
Below is our ad from today’s “Island Sun”.
Enjoy your weekend! 

Susan Andrews, aka SanibelSusan

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