Restoration Amps Up
As island restoration continues, contractor work seems to have amped up, with owners and businesses looking forward to an improved upcoming “high season”. I noticed the new sign up this week at the Olde Sanibel Shops (where Periwinkle and Tarpon Bay Rd intersect). Be sure and stop in at Over Easy Café for a yummy cinnamon roll.
I also saw that the blue tarps that 
At my home on the private end of Anchor Dr where it usually is quiet as a mouse in the summer, workers are busy from sunup to sundown, usually six days a week.
The new home going up next door (where the former one burned down) has been pouring pilings and now beginning construction on the raised living level. The home on the other side of me, that sold in March for a whopping $2.6M, is already getting a new metal roof, solar, and Hardie board exterior; while, across the street from that one, a new roof is going on a recently-restored ground-level home.
There also is plenty of activity on the public end of Anchor Dr with another new “big” home going up and several others getting new roofs, gutters, interior/exterior renovations, landscaping and dock work. You need patience just to drive up/down the street, but the community will be stronger and more resilient when all this work is done.
Weather
Summer weather can be challenging for contractors. Showers may arrive quickly, be accompanied by serious lightning, and interrupt schedules. Teammate Dave encountered a whopper early Tuesday afternoon when he was checking a couple of properties for clients. Those fast heavy rains also often result in temporary roadway flooding. I saw plenty of that when I drove down Periwinkle later that day. The “water over roadway” signage remains up. Perhaps in preparation for the tropical disturbance, that forecasters and all of us are watching carefully.
Late yesterday, Florida Governor DeSantis issued an Executive Order, issuing a state of emergency for Charlotte, Collier, and Lee Counties in SW FL as Invest 97-L moves toward the state.
Florida Realtors®
Both Monday and Tuesday this week, I attended the “Let’s Talk Buyer Broker Agreements” webinars by Florida Realtors® Vice President of Law/Policy and General Counsel, Juana Watkins. The first class was for brokers and the second for sales associates. Not only are there now additional forms when working with buyers, but also more forms are in the pipeline to clarify the listing requirements from the NAR-settlement. I also registered for a Florida Realtors® class Monday August 5 with Juana, regarding Listing Agreement modifications.
Sanibel City Council
Also Tuesday, I attended the 3-hour special City Council Meeting where several items were covered including passing a resolution establishing that temporary-use permits may be issued to resorts and hotels for beach club day passes.
This relates to Sundial Resort looking sell passes now that some of their central restaurants and amenities are ready, but resort condos are not open for occupancy. This day-
The lengthier agenda item was a presentation on new software being implemented by the City. Called OpenGov, this is the first year that it also will aid in the upcoming budget process. This meeting was the first City workshop to discuss the 2025 City budget and included input by Deputy City Manager and Chief Financial Officer Steve Chaipel with comments by commissioners, City staff, and the public. The next budget meetings are in late August and September.
Every time I attend one of these meetings, I am awed at the amount of work that our City government and these council members continually do for island citizens. I hope they know how much they are appreciated.
Quantum Fiber
“What: Construction of Quantum Fiber’s blazing-fast fiber internet is underway and progressing on Sanibel Island. Beginning August 1st, Lumen Technologies and their construction partners will start at the east end of the island and work west. Expected completion date, including sod restoration, is around mid-January 2025… Work may look like path creation, excavation, and/or pulling fiber or conduit.
Where: Construction is underway in areas of Sanibel, including Periwinkle (approximately from Seagrape to Kings Crown)….”
I can confirm that this afternoon there were two crews working on East Gulf Dr, one on Periwinkle Way just west of the End End shops, and two on Anchor Dr. Many large work vehicles, single-lame traffic, and sign-holders were directing traffic at each of these areas.
Sanibel & Captiva Islands Association of Realtors®
Below, with data from the islands Multiple Listing Service (MLS) are summary tables of the residential sales statistics, followed by 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: |
77 |
1,075,022 |
168 |
95 |
2,611,280 |
149 |
27 |
700,774 |
257 |
|
Under contract |
9 |
881,877 |
134 |
16 |
1,664,062 |
126 |
2 |
5,149,500 |
260 |
|
Sold 2024 to 8/2 |
52 |
850,183 |
115 |
124 |
1,432,493 |
101 |
12 |
1,402,166 |
147 |
|
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 |
1,455,566 |
178 |
20 |
7,303,800 |
258 |
2 |
13,750,000 |
267 |
|
Under contract |
2 |
1,897,250 |
262 |
1 |
2,850,000 |
57 |
0 |
N/A |
N/A |
|
Sold 2024 to 8/2 |
11 |
1,772,727 |
166 |
5 |
4,944,500 |
146 |
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 |
Sanibel & Captiva Islands Multiple Listing Service Activity July 26‑August 2:
CONDOS
1 new listing: Oceans Reach #3X3 1/1 $779K.
1 price change: Lake Palms #5 2/2.5 now $559K.
3 new sales: Tennisplace #B32 2/1.5 listed at $449K, Sanibel Moorings #1411 1/1 listed at $599K, Oceans Reach #1D3 2/2 listed at $979K.
View from Sunset South #15B 07-30-2024
2 closed sales: Sunset South #15B 2/2 $1M (SanibelSusan Buyer), White Pelican #111 3/2 $1.45M.
HOMES
4 new listings: 1001 Lindgren Blvd 3/2 $1.25M, 2313 Wulfert Rd 4/3 $1.699M, 3361 Saint Kilda Rd 3/2 listed at $1.925M, 1321 Eagle Run Dr 3/3.5 $2.349M.
6 price changes: 248 Christofer St 2/2.5 now $994K, 3314 Saint Kilda Rd 3/2 now $1.2M, 1112 Skiff Pl 3/2 now $1.24M, 1341 Junonia St 4/3 now $1.299M, 954 Whelk Dr 3/2 now $1.495M, 2255 Troon Ct 4/5.5.5 now $2.35M.
4 new sales: 4049 Coquina Dr 3/2 listed at $499K, 1016 Fish Crow Rd 3/2 listed at $689K, 1021 Sand Castle Rd 3/3 listed at $1.299M, 836 Birdie View Pt 3/3.5 listed at $1.949M.
4 closed sales: 1454 Sandpiper Cir 4/3 (1/2 duplex) $650K, 5305 Ladyfinger Lake Rd 3/2 $875K, 3343 Saint Kilda Rd 3/2 $1.01M, 6425 Pine Ave 4/3 $1.58M.
LOTS
1 new listing: 4037 Coquina Dr $1.15M.
No price changes or new sales.
1 closed sale: 1757 Windward Way $350K.
Captiva
CONDOS
1 new listing: Gulf Beach Villas #2011 1/1 $735K.
2 price changes: Bayside Villas #5112 1/2 now $445K, Bayside Villas #5208 1/2 now $550K.
No new or closed sales.
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.
Susan Andrews, aka SanibelSusan