This was Groundhog Day week on sunny Sanibel. Or, as we refer to it in Florida, ”when the palm tree sees its shadow, so there will be six more weeks of sunshine.” We never tire of winter weather here.

At SanibelSusan Realty

Teammate Dave and I again had a busy week, working with both buyers and sellers, plus attending to action items on sales in the works. We had a productive January both with new listings and sales. Volume typical of a high season month here.

Teammate Lisa is back to updating our weekly inventory lists, remarking about the increased action posted in the island Multiple Listing Service. The activity from this week is posted after a few news items below.

Sanibel Update

The City post-Ian update this week was canceled and instead will be part of the Sanibel City Council meeting coming up on Tuesday at 9 a.m. But meanwhile, there were several great progress posts this week, see below.

Doc Ford’s – on Sanibel announced it will be reopening soon, Feb 15.

Final Hurricane Debris Collection – Sanibel City Council voted to establish Feb 20 as the last day residents may place Hurricane Ian generated debris on City right-of-way for collection by debris management contractor.

Tarpon Bay Explorers – reopened Feb 1. “Having extensive damage from Hurricane Ian – including the loss of most of its paddle and pontoon boats, rental bikes, and trams, Tarpon Bay Explorers is opening in phases. Currently, the gift store is back up and running, and kayaks and paddleboards are available for rent. Also, the ramp is open for nonmotorized vessel launching. Hours are Mon, Wed, Fri, and Sat from 8 a.m. to 5 p.m. (last rentals at 3 p.m.) By mid-month they hope to again be offering paddling tours. Watch “Ding” on the Wing, social media, and Tarpon Bay Explores website for updates.

Sanibel Post Office – Temporary Post Office on Sanibel opens Mon, Feb 6 for retail, P.O. box service, and package pickup. Trailers are in the parking lot of the post office at 650 Tarpon Bay Rd. I made my last run to Jetport Loop this morning to pick up mail. The 33957 postal employees already are packing up to move to the island this weekend. To say this team has done an exemplary job in undesirable conditions is an understatement. It will be great to have them back on Sanibel.

Island Real Estate

Below is another update of island inventory today from the Sanibel & Captiva Islands Multiple Listing Service.

SANIBEL	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale	38	1,080,050	61	95	1,436,104	47	13	701,846	70
Under contract	17	906,105	15	51	1,264,074	29	3	564,330	101
Sold 2023 to 2/3	12	1,151,958	52	23	948,100	44	4	1,318,500	80
Sold 2022	123	1,136,199	44	184	1,597,868	52	26	779,528	223
Sold 2021	287	875,127	113	355	1,341,881	89	69	698,862	442

 

CAPTIVA	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale	7	1,039,857	155	7	7,279,007	156	1	15,500,000	313
Under contract	2	1,299,500	127	4	2,277,250	41	0	N/A	N/A
Sold 2023 to 2/3	0	N/A	N/A	3	4,316,666	61	0	N/A	N/A
Sold 2022	28	1,458,983	52	22	5,636,386	133	0	N/A	N/A
Sold 2021	64	1,150,373	145	44	2,988,520	261	2	2,950,000	731

Florida Realtors®

Florida Realtors® posted this week: “Following the Surfside condominium tragedy, the Florida Legislature passed new laws overseeing condominium and cooperative safety, including standards for inspections and reserve studies. Part of that overall plan includes new documents some buyers are entitled to receive from sellers…. Changes will take place on March 20, 2023. Documents changing include:

• Rider A. Condominium Rider to Florida Realtors/Florida Bar Residential Contract for Sale and Purchase (and its AS IS companion)
• Addendum F. Condominium Association to Contract for Residential Sale and Purchase (CRSP)
• Addendum to Contract for Sale and Purchase of Cooperative

“The language in all forms noted above will be the same, with the cooperative statutory citations being the only difference. The language informs buyers that they now have access to two new documents. The first is the inspector-prepared summary of Milestone Inspection of the condominium or cooperative. The second is a structural integrity reserve study or a statement that the study has not been completed.

“Important note: Not all sellers will be required to provide these documents to buyers because a) the law (referenced in the revisions) only applies to certain associations, and b) if the seller’s association has not yet obtained the inspection and/or study, they still have 23 months to do so.

“What are ‘Milestone Inspection’ and a “structural integrity reserve study”?

• Milestone Inspection: It’s a structural inspection conducted for life safety purposes. Generally, the requirement for associations to obtain a milestone inspection applies to condominium and cooperative buildings three stories or higher which have been occupied 30 years or more or, if located within three miles of Florida’s coastline, occupied 25 years or more.
• Structural integrity reserve study: It’s a study of reserve funds required for future major repairs and replacement of the common areas which must be conducted for condo and cooperative association buildings that are three stories or higher….”

Sanibel & Captiva Islands Multiple Listing Service Activity Jan 27 – Feb 3

Sanibel

CONDOS

9 new listings: Sanibel Arms #B6 1/1 $375K, Sundial #D209 1/1 $559K, Sundial C310 1/1 $659K, Sundial #I402 1/1 $675K, Sundial #F203 2/2 $895K, Sundial #F403 2/2 $999K, Sanctuary Golf Villages I #2-3 2/2.5 $1.089M, Pointe Santo #B44 2/2 $1.2M, Gulfside Place #117 2/2 $1.485M, Gulfside Place #318 2/2 $1.595M (our listing).

1 price change: Sanctuary Golf Villages I #1-1 2/2.5 now $1.05M.

1 back on market & price change: Sunset South #10B 2/2 $600K

3 new sales: Seashells #42 2/2 listed at $374K, Beach Road Villas #101 2/2 listed at $624K, Lighthouse Point #217 2/2 listed at $699K, Sunset South #1A 2/2 listed at $714K.

7 closed sales: Sundial #H111 1/1 $369K, Lighthouse Point #119 2/2 $535K, Sunset South #3D 2/2 $747.5K, Sanctuary Golf Villages I #3-PH5 2/2.5 $1.237M, By-the-Sea #A102 3/2 $1.275M, Atrium #104 2/2 $1.42M, Wedgewood #104 3/3.5 $2.9M.

HOMES

13 new listings: 1440 Sandpiper Cir 3/2.5 $639K, 4049 Coquina Dr 3/2 $647K, 1413 Sandpiper Cir 2/2 (1/2 duplex) $649K, 4427 Gulf Pines Dr 3/2.5 $675K, 3055 Poinciana Cir 3/2 $685K, 1752 Serenity Ln 3/2 $1.05M, 5410 Osprey Ct 3/2.5 $1.249M, 9448 Begonia Ct 3/2.5 $1.35M, 1208 Bay Dr 3/2 $1.7M, 896 Limpet Dr 3/3 $2.495M, 519 Kinzie Island Ct 4/3.5 $2.5M, 4171 Dingman Dr 3/3 $2.695M,488 Lighthouse Way 4/4 $4.995M.

11 price changes: 1672 Atlanta Plaza Dr 2/1 now $499K, 1948 Roseate Ln 2/2 now $599K, 1314 Tahiti Dr 3/2 now $699K, 460 & 490 Old Trail 3/2.5 now $825K, 3025 Poinciana Cir 3/2 now $899K, 4144 West Gulf Dr 2/2 now $999,999; 4565 Bowen Bayou Rd 3/2 now $1.199M, 440 East Gulf Dr 3/2 now $1.25M, 241 Violet Dr 3/2.5 now $1.259M, 9319 Kincaid Ct 3/2 now $1.295M, 2643 Coconut Dr 3/2 now $1.595M.

2 back on market: 4733 Rue Belle Mer 3/3 $895K, 1002 Kings Crown Dr 3/2 $1.1M.

16 new sales: 214 Hurricane Ln 3/2 listed at $649K, 3055 Poinciana Cor 32 listed at $685K, 671 Rabbit Rd 3/2 listed at $699K, 658 Donax St 3/2 listed at $795K, 1341 Par View Dr 3/2 listed at $799K, 3060 West Gulf Dr 3/2 listed at $899K, 440 Lighthouse Way 3/3 listed at $899.9K, 1447 Albatross Rd 3/2 listed at $919K, 1206 Par View Dr 3/2 listed at $995K, 557 East Rocks Dr 4/3 listed at $999K, 1043 Blue Heron Dr 3/2 listed at $1.195M, 6136 Henderson Rd 3/2 listed at $1.2M, 215 Robinwood Cir 4/3 listed at $1.325M, 645 Donax St 4/3 listed at $1.577M, 3699 West Gulf Dr 6/4.5.5 listed at $5.695M, 1800 Woodring Rd 4/4.5 listed at $7.75M.

6 closed sales: 4044 Coquina Dr 2/2 $525K, 577 Boulder Dr 3/2 $685K, 6065 Dinkins Lake Rd 3/2 $780.8K, 760 Windlass Way 3/3 $925K, 454 Surf Sound Ct 3/2 $1.1M, 852 Lindgren Blvd 3/3 $1.31M.

LOTS

1 new listing – 2807 West Gulf Dr 1.35M.

1 price change – 5116 Sea Bell Rd now $335K.

2 new sales – 2462 Wulfert Rd listed at $348K, 1119 Seagrape Ln listed at $1,199,992.

No closed sales.

Captiva

CONDOS

1 new listing: Tennis Villas #3227 1/1 $515K.

No price changes, new or closed sales.

HOMES

No new listings, price changes, or new sales.

1 closed sale: 11539 Wightman Ln 2/2 $1.55M.

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, Susan Andrews, aka SanibelSusan