Another Friday is here. Roadway traffic continues to be light much of the time. Plus I have even seen plenty of parking available at City beach parking lots this week, while the Conservation Foundation Turtle Patrol already is reporting record numbers of turtle nests, many laid last weekend.

The rainy season may have begun yesterday with a quick but severe shower just after noon. It came down so fast during a 30+minute period, that roadways were briefly flooded. That disappeared quickly once the storm passed. On my way home both yesterday and today, I noticed some brilliant royal poinciana trees, looking to be at their peak. A couple of favorites are in front of Captains Walk and Sanibel Arms.

 

In the island real estate world, sales activity remains slow. On Sanibel, there were no new condo sales this week, but six homes and a lot went under contract. On Captiva, both a condo and a home were sold. More details on that action is below after a couple of news items.

Sanibel Resolutions Adopted

At their meeting last week, Sanibel City Council adopted two resolutions. The first appropriated funding for dredging of the Shell Harbor entrance canal. The second approved a grant agreement  between the City and the Florida Department of Transportation in the amount of $1M to repair and repave sections of the shared use path system.

City of Sanibel 2024 Hurricane Seminar

The City’s annual hurricane seminar will be next Friday, May 24, from 1 to 3 p.m. at BIG ARTS. Featured speakers include Erika Broyles, FISH Senior Services Director; Chief Kevin Barbot, Sanibel Fire Rescue District; Chief Bill Dalton, Sanibel Police Department; Manuela Martinez, FISH Disaster Administrative Director; Craig Mole, Sanibel Building Director; and Chief Bill Schultz, Lee County Emergency Management.

It will be live streamed on the City of Sanibel Facebook page and will be viewable on the City’s website after the event.

Check Your On-Line Property File

Recently, several times when researching property for a prospective seller, open permits were discovered. This can be an oversight by a contractor, but it is wise for owners to check the status of any property permits beginning when work starts, up until final payment is made.

Depending on the scope of work, multiple inspections may be required with the final one leading to a Certificate of Completion which usually is when a contractor is paid in full.

The City website. MySanibel.com has excellent info on when permits are required and how the process works.

If an owner is preparing to sell, they may not know that an open permit may be a snag in that process. Florida is a full disclosure state, so a seller is to disclose any incomplete permits or work that required a permit that was done without benefit of one. These details can be provided to their Realtor by way of a Seller Real Property Disclosure.

The Florida “As Is” Residential Contract for Sale and Purchase, specifies that a Seller will assist and cooperate in close-out of building permits.

On MySanibel.com, anyone can view permit information and history on any property merely by entering the address.  When an individual permit is found, many attachments and details are available, including the scope of work, its cost, inspections required, permit status, and more.

Sanibel & Captiva Islands Real Estate News

Following the local caravan meeting yesterday, four newly listed Sanibel homes and two condos were open for viewing. Meeting attendance was light but should pick up for the 30^th at the Monthly Membership Meeting and Caravan when the Director of Island Water Association will be the guest speaker.

Below, with data from the islands Multiple Listing Service (MLS) are summary tables of the island residential sales statistics, then some info on commercial property for sale, followed by scoop about our listings, plus all the Sanibel/Captiva MLS action reported this week.

SANIBEL RESIDENTIAL	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale:	95	1,077,986	154	148	2,192,758	124	39	935,151	210
Under contract	6	1,359,000	136	25	1,745,000	88	2	1,009,500	101
Sold 2024 to 5/17	38	835,934	129	86	1,464,354	94	7	1,922,285	168
Sold 2023	98	955,261	65	263	1,267,390	73	24	920,645	76
Sold 2022	123	1,136,199	44	185	1,602,745	52	26	779,528	223
Sold 2021	287	875,127	113	355	1,341,881	89	69	698,862	442

CAPTIVA RESIDENTIAL	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale	30	1,470,716	169	18	7,109,500	217	2	13,750,000	190
Under contract	4	2,079,875	208	1	2,850,000	57	0	N/A	N/A
Sold 2024 to 5/17	8	1,828,125	117	4	5,368,125	132	0	N/A	N/A
Sold 2023	17	834,176	98	17	2,716,647	70	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

Commercial Activity

Many have asked about all the For Sale signs at commercial establishments along Periwinkle. Some of those are with off-island brokers. They don’t always know Sanibel’s strict signage rules, which has resulted in some oversized signs, until the City catches them.

In the Sanibel-Captiva MLS today, there are seven commercial properties for sale on Sanibel, none on Captiva. The lowest priced is the condo we have listed at Key Lime Center for $399K. Also available are:

• 1025 Periwinkle Way which also is a condo and was the Noris Furniture building for $1.3M.
• 1067 Bailey Road which is the former gas and service station facing Periwinkle for $2.85M.
• 1245 Periwinkle, site of Anchor Inn for $3.5M.
• 1446 & 1444 Periwinkle, Island Trading Post, including store building, home behind, & storage building with apartment, for $4.89M.
•  4819 Tradewinds Dr package including a 6-unit gulf-front hotel, two duplexes, and a home for $6.7M.
•  6520 Pine Ave formerly Lazy Flamingo Plaza for $8.5M.

No commercial island properties are under contract in the San-Cap MLS, but there have been two closed sales posted this year:

• 1149 Periwinkle #3, commercial condo with 6 office spaces for $625K.
• 711 Donax St, Driftwood Inn, for $2.459M.

Sanibel & Captiva Islands Multiple Listing Service Activity May 10-17

CONDOS

1 new listing: Kings Crown #215 2/2 $1.35M.

2 price changes: St Croix #4 2/2 now $1.575M, Somerset #E101 3/2.4 now $1.749M.

No new sales.

2 closed sales: Tennisplace #C34 2/1.5 $480K, Mariner Pointe #842 2/2 $650K.

HOMES

No new listings

2 price changes:  1125 Captains Walk St 3/2 now $1.065M, 5435 Osprey Ct 4/3.5 now $2.699M

6 new sales: 560 Piedmont Rd 3/2 listed at $639K, 1113 Sand Castle Rd 3/2 listed at $749K, 6090 Dinkins Lake Rd 3/2.5 listed at $1.295M, 1720 Dixie Beach Blvd 3/3 listed at $1.549M,  5048 Joewood Dr 4/3.5 listed at $2.55M, 4257 West Gulf Dr 4/4.5 listed at $12M.

5 closed sales: 1139 Seagrape Ln 3/2 $850K, 6141 Henderson Rd 3/3 $929K, 1376 Sand Castle Rd 3/2 $970K, 4179 Dingman Dr 4/4 $1.825M, 417 Bella Vista Way E 4/4 $2M.

LOTS

No new listings.

2 price changes: Bowman Beach Rd 25 now $145K, 967 Fitzhugh St now $265K.

1 new sale:1757 Windward Way listed at $389K.

No closed sales:

Captiva

CONDOS

3 new listings: Beach Villas #2323 $795K, Beach Villas #2322 1/1 $699K, Lands End Village #1655 2/2 $1.45M.

No price changes.

1 new sale: Beach Homes #25 3/2 listed at $2.8495M.

No closed sales.

HOMES

1 new listing: 37 Sea Hibiscus Ct 3/4 $1.899M.

No price changes.

1 new sale: 11516 Andy Rosse L 6/6 listed at $2.85M.

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.