SanibelSusan has been back to home-sweet-home on the island since Sunday and it has been great to see more recovery progress just in the few days that I was away cruising. The main roadways on the bridges had already been open for some time before I left, but there has been obvious post-construction cleanup and work performed on the causeway islands themselves.

On Sanibel itself, it was equally wonderful to see activity at the recently reopened 7-11 (1521 Periwinkle Way) near Mudbugs. Tahitian Gardens shopping center also has had many cars all week, as have the Olde Sanibel Shoppes at the intersection of Tarpon Bay Rd and Periwinkle. It is indeed progress to have more restaurants and shops open with visitors and locals supporting them.

Condo Reopenings

Blind Pass clubhouse 03-2024

Blind Pass Condominiums – Their newsletter posted today has some great news. While work continues at their ground-level units, Blind Pass is accepting reservations for 2^nd floor units beginning June 1. They also announced that their ribbon-cutting will be June 3 at 11:30 a.m. Their first resident owner is scheduled to move back in just a couple of weeks, while another owner was the first to vacation in their unit this week. Their clubhouse is about done with their rental staff available Mon-Fri from 9 a.m. to 4 p.m. or check out their website at www.blind-pass.com.

Sundial Beach Resort & Spa – A billboard just off island says that Sundial Resort also is again taking reservations (for stays beginning August 3). Their website is www.SundialResort.com for nightly reservations, while many units are also in off-site programs offering weekly reservations.

Sanibel & Captiva Islands Association of Realtors®

The local Association of Realtors® did not meet this week, but their March Membership meeting is next Thurs (Mar 25) at The Community House (11:30 a.m.). followed by a Caravan of Open Houses (noon to 3 p.m.) The meeting speakers will be a panel from our Affiliate member rental companies. Our Professional Development Committee has compiled a list of questions for them. Next week, I will post what they report to us.

Also, the Sanibel & Captiva Islands Association of Realtors® is looking forward to our Affiliate Trade Show next Wed at The Community House from 5 to 7 p.m. That is where our business members set up to market their companies to our Realtor® members. Those affiliates include accountants, appraisers, architects, attorneys, bankers, builders, cleaners, consultants, decorators, inspectors, insurance providers, non-profits, roofers, rental companies, title companies, & more. They are key to the success of our Association and businesses.

Sanibel & Captiva Islands Real Estate News

Below, with data from the islands Multiple Listing Service (MLS) are summary tables of the island residential sales statistics, followed by all the MLS action reported this week.

On the commercial side, The Driftwood Inn a 4-unit nightly rental at 711 Donax St in Sanibel Shores was listed this week for $2.595M.

This week, SanibelSusan Realty posted a new listing in Sundial East. The Sellers were here vacationing and left today. Teammate Dave showed homes a couple days this week, including today. We both also viewed properties for owners thinking of selling, while teammate Lisa continues (every weekend) to update our island-wide inventory lists. If you would like an updated list emailed or mailed to you, just send us an email or text, or call.

Now that 2024 first quarter is wrapping up, I added a couple of lines to the summary tables below. Since 2022, before Hurricane Ian hit, was a very good year for sales, I added the activity from Jan 1 to Mar 15, 2022 and also added the activity from the same period last year. It offers a comparison of how sales year-to-date compare with just before and just after the storm.

Digging into the Sanibel data illustrates how home buyers after the storm, mostly purchasing property that needed restoration, while condo buyers after the storm, were buying larger units.

Today, the island real estate markets continue to adjust. At the current rate of sales, Sanibel available inventory includes 16 months of condos, 14 months of homes, and two years of lots. Captiva inventory includes three years of condos,16 months of homes, and anyone’s guess on lot sales.

More condos likely will come on the market as complexes reopen, in the meantime, there are plenty of good choices for those looking to purchase.

Sanibel & Captiva Islands Multiple Listing Service Activity Mar 8‑15

Sanibel

CONDOS

6 new listings: Sanibel Moorings #1441 1/1 $659K, Sand Pointe #122 2/2 $849K, Pointe Santo #C21 2/2 $999K, Shell Island Beach Club #5D 2/2 $1.189M, Sundial #R401 2/2 $1.295M (SanibelSusan listing), Shorewood #A4 5/4 $3.999M.

1 price change: Heron at The Sanctuary #1-1B 3/3.5 now $999K.

4 new sales: Mariner Pointe #842 2/2 listed at $679K, Loggerhead Cay #181 2/2 listed at $875K, Sundial #A408 2/2 listed at $995K, Sandpiper West #4 3/2.5 listed at $2.55M.

2 closed sales: Sundial #G206 1/1 $575K, Sand Pointe #116 2/2 $860K.

HOMES

7 new listings: 5303 Umbrella Pool Rd 3/2.5 $979K, 838/840 Rabbit Rd (duplex) 4/2 $999K, 753 Nerita St 3/2.5 $1.05M, 2612 Coconut Dr 3/2 $1.05M, 5305 Ladyfinger Lake Rd 3/3 $1.068M, 851 Angel Wing Dr 5/4 $2.449M, 4257 West Gulf Dr 4/4.5 $12M.

8 price changes: 1196 Sand Castle Rd 2/2 now $800K, 4171 Dingman Dr 3/3 now $1.299M, 1646 Middle Gulf Dr 3/3 now $1.385M, 828 Sand Dollar Dr 4/3 now $1.75M, 815 Birdie View Pt 3/3 now $1.899M, 417 Bella Vista Way E 4/4 now $2,499,900; 2255 Troon Ct 4/5.5.5 now $2.95M, 1500 Angel Dr 4/3.5 now $3.5M.

1 back-on-market: 2711 Wulfert Rd 4/5.5.5 $1.998M.

5 new sales: 4268 Gulf Pines Dr 2/2 listed at $695K, 2479 Blind Pass Ct 3/2 listed at $999.9K, 932 Whelk Dr 3/3 listed at $1.15M, 3302 Twin Lakes Ln 3/2.5 listed at $1.244M, 9436 Shearwater Dr 3/3.5 listed at $2.25M.

2 closed sales: 1617 Sand Castle Rd (1/2 duplex) 3/3 $640K, 2745 Wulfert Rd 3/3.5 $1.998M.

LOTS

1 new listing: Lot 16 Gulf Pines Dr $749K.

1 price change; 2807 West Gulf Dr now $859K.

1 new sale: 2933 Wulfert Rd listed at $475K.

No closed sales.

Captiva

CONDOS

1 new listing: Beach Homes #16 4/4 $5.5M.

No price changes, new or closed sales.

HOMES

No new listings, price changes, or new sales.

1 closed sale: 16321 Captiva Dr 5/4 $3,347,500.

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.

Enjoy your weekend & St Patrick’s Day, Susan Andrews, aka SanibelSusan