The good news is that the Sanibel and Captiva weather this week has been fabulous. That also resulted in more traffic, including on the shared use paths. With sunsets now not until after 6 p.m., the additional time to enjoy the sunshine, also brings more smiles. The islands need that!

 

Business & Reopening News

With the nice weather, it seems that restoration progress is speeding up. The islands need that too. Here are a few observations from this week:

Congress Jewelers – has been back in their former Periwinkle Place location for a few months but had their reopening ribbon-cutting yesterday. It has been positive to see more vehicles at Periwinkle Place as more businesses reopen there.

Doc Ford’s – on Sanibel has been a consistent dining favorite for years. I am giving them an extra shout-out this week as I think it is the first time I have been there three times in a five-day period. I easily enjoy their Southwestern Chicken Salad every visit, beginning back with it first was a weekly special when they were on Rabbit Rd. Yesterday, I met some long-time BIG ARTS Chorus pals there for a catch-up lunch. With the pandemic and hurricanes, and schedules often going in different directions, we are not all singing this winter, but it was special to share storm stories and reminisce about our singing gigs. Their upcoming event is a combined spring concert with the BIG ARTS Community Chorus and the Concert Band on Friday, Apr 4. Music includes Golden Oldies from the 1940’s through 1980’s with tickets already on sale.

Pine Cove – noticed today, another sign of progress is the new sign at their entrance.

Pointe Santo – began renting units Feb 1. They report that elevators are running in Bldgs A and E with the other buildings coming online soon. Their tennis/pickleball courts also are ready. Construction will be later this year on a new saltwater pool and spa, plus a poolside pavilion. Their new landscaping, shuffleboard, and BBQ areas also are expected to be done this year, while a new Association Office and kids programs are planned in 2026.

Sanibel Air & Electric – if like me, you were not able to get your AC to work after switching it out of heating mode, contact Sanibel Air & Electric. Their technicians said they often get calls because storm damage can take months to cause a problem. I got a new system after Ian and have it serviced through annual agreement, including just last month. This week when the air would not kick on, they found that the service disconnect box next to the compressor was filled with sand and rusty wires. If you have a similar need, try Sanibel Air and Electric. I have used and recommended them for decades. Always great service!

Sanibel Inn – welcomed their first guests back this week and I heard from some locals that their Tiki Bar also has reopened. During my drive-by today, I saw many workers adding new landscaping. That is a welcome sight on East Gulf Dr where Lindgren Blvd meets the beach.

Sundial Beach Resort & Spa – is advertising a limited-time offer for daycation passes (7 days a week) at two for one. Also, on Feb 1, the resort began renting units in their on-site program (nightly rentals). Some Sundial East owners enrolled in off-site programs have begun renting again too. Those have a weekly minimum. There are several ways to enjoy the resort including their newly-remodeled food and beverage offerings which are open to the public. Shima Japanese Steakhouse and Sushi Bar has been open for some time, while Captains Catch just opened yesterday (Feb 6). Turtle’s Tiki Bar on the beach also is open, while Beach Bites is expected to open Feb 13.

Sanibel & Captiva Islands Association of Realtors

Attendance was light at the Association of Realtors Caravan meeting yesterday. Traffic continues to be heavy, both coming on the island and on Periwinkle Way so perhaps that contributed as several attendees arrived late.

Most announcements were about new listings and price reductions. A new sale announced was off island. After the meeting, the Caravan of Open Houses itself was full – with a maximum is 15 properties. Those included 11 homes and two condos on Sanibel, plus two Captiva homes. The next Association meeting with Caravan is our monthly Membership Meeting on Thurs Feb 20.

This week, the Sanibel and Captiva Multiple Listing (MLS) hot sheets for residential property posted more new/back-on-market listings, and price changes – a total of 81, considerably more than the 57 reported last Friday, and surpassing even the whopping 70 reported the preceding week.

During the same seven days, nine new island sales were posted, all on Sanibel – four condos and five homes. Also since last Friday, four island closings were posted, two Sanibel condos and two Sanibel homes.

Though the islands have heavier traffic now, it looks like it could be a long time before the current inventory sells. Those buyers waiting for when the market is in their favor, should be purchasing now.

With commercial inventory, there were three new island listings this week. The former Lily & Co building at the corner of Tarpon Bay Rd and Island Inn Rd is on the market for $1.5M. Also, at 1551 Periwinkle Way, Traders building is for sale for $5.5M and Traders business for $1.2M.

Below, with data from the MLS are summary tables of the residential sales statistics, followed by the MLS action reported this week.

SANIBEL RESIDENTIAL	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale:	143	1,043,516	122	254	1,835,143	90	39	1,030,610	246
Under contract	19	830,710	83	27	1,817,996	63	0	N/A	N/A
Sold to 2/7/25	5	969,333	171	13	1,284,153	68	0	N/A	N/A
Sold 2024	75	818,493	117	165	1,472,757	114	15	1,403,533	192
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:	45	1,209,168	167	30	6,430,700	122	3	9,916,666	182
Under contract	0	N/A	N/A	0	N/A	N/A	0	N/A	N/A
Sold to 2/7/25	0	N/A	N/A	1	910,100	86	0	N/A	N/A
Sold 2024	13	1,728,846	185	8	4,887,187	182	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 Jan 1 – Feb 7

Sanibel

CONDOS

13 new listings: Tennisplace #C31 2/1 $519K, Spanish Cay #E4 2/2 $595K, Blind Pass #C207 2/2.5 $599K, Lighthouse Point #216 2/2 $777K, Loggerhead Cay #583 2/2 $879.5K, Loggerhead Cay #362 2/2 $883K; Pointe Santo #E21 2/2 $1.05M, Sanctuary Golf Villages #1-2 3/3 $1.175M, Sundial #O205 2/2 $1.295M, Sundial #L402 3/2 $1.35M, Beachcomber #B302 2/2 $1.595M, Tamarind #B302 3/2 $2.389M, Sedgemoor #106 3/3.5 $5.4M.

9 price changes: Captains Walk #C6 1/1 now $225K, Sandpebble #2E 2/2 now $544K, Spanish Cay #E3 2/2 now $559K, Spanish Cay #D5 2/2 now $566K, Mariner Pointe #1083 2/2 now $569.9K, Donax Village #19 2/2 now $649K,  Sanibel Moorings #632 2/2 now $699K, Sanibel Sunset #102 3/2 now $1.35M, High Tide #B101 3/2 now $2.395M.

4 new sales: Sundial #F105 1/1 listed at $499K, Loggerhead Cay #162 2/2 listed at $899K, Heron at The Sanctuary #1-1A 3/2.5 listed at $949K, Seascape #302 3/3.5 listed at $1.499M.

2 closed sales: Captains Walk #F2 2/1.5 $280K, Pointe Santo #B25 2/2 $849K.

HOMES

21 new listings: 974 Greenwood Ct S 3/2,5 $775K, 551 Sea Oats Dr 3/2 $799,555; 2126 Egret Cir 3/2 $839K, 1684 Bunting Ln 2/2 $850K, 996 Greenwood Ct N (1/2 duplex) 3/3 $950K, 3941 Coquina Dr 3/2 $987.5K, 9490 Peaceful Dr 3/3 $995K, 3314 St Kilda Rd 3/2 $1.1M, 1056 S Yachtsman Dr 3/2 $1.199M,  920 Snowberry Ln 3/3.5 $1.295M, 727 Periwinkle Way 3/3 $1.475M, 335 East Gulf Dr 3/2 $1.495M, 933 Whelk Dr 3/2 $1.525M, 1172 Kittiwake Cir 5/3 $1,649,555; 6076 Castaways Ln 3/2 $1.78M, 6101 Starling Way 4/3.5 $1.795M, 706  Gopher Walk Way 3/4 $1,995,706; 6407 Pine Ave 3/2 $1.99M, 6010 White Heron Ln 3/2.5 $2.025M, 3615 West Gulf Dr 4/4.5 $13.9M.

1 back on market: 2319 Wulfert Rd 4/4.5 listed at $3.247M.

28 price changes: 690 Purdy Dr 3/2 now $550K, 1657 Atlanta Plaza Dr 3/2 now $734K, 1607 Sand Castle Rd 3/2.5 now $775K, 1046 Sand Castle Rd 2/2 now $799K, 1978 Roseate Ln 3/2 now $845.8K, 2441 Shop Rd 4/3,5 now $899K, 887 Casa Ybel Rd (multi-family) 5/3 now $945,500; 421 Lake Murex Cir 3/2 now $999K, 1406 Causey Ct 3/2.5 now $1.095M, 4400 Gulf Pines Dr 3/3 now $1.275M, 2276 Wulfert Rd 4/5.5 now $1.3M,  5243 Indian Ct 2/2 now $1.349M, 592 Sea Oats Dr 3/2 now $1.349M, 3285 Twin Lakes Ln 3/2.5 now $1.368M, 1002 Kings Crown Dr 3/2 now $1.395M, 811 Birdie View Pt 3/2.5 now $1.399M, 946 Whelk Dr 3/2.5 now $1.449M, 799 Birdie View 3/3 now $1.499M, 2525 Lands End Pl 4/3 now $1.575M, 203 Daniel Dr 3/3 now $1.595M, 4546 Waters Edge Ln 4/3 $1.699M, 829 Pyrula Ave 3/3 now $1.7M, 6440 Pine Ave 3/3.5.5 now $1,849M, 1607 Angel Dr 3/2.5 now $1.899M, 6407 Pine Ave 3/2 now $1.99M, 519 Kinzie Island Ct 4/3.5 now $2.449M, 762 Sand Dollar Dr 4/4.5.5 now $3.249M, 880 Limpet Dr 4/3.5 now $3.299M 1083 Bird Ln 4/2.5.5 now $4.9M.

5 new sales: 969 Fish Crow Rd 3/2 listed at $595K, 4372 Gulf Pines Dr 3/2 listed at $823K, 1154 Harbor Cottage Ct (1/2 duplex) 3/2 listed at $1.25M, 815 Birdie View Pt 3/3 listed at $1.699M, 589 Kinzie Island Ct 4/3.5 listed at $2.489M.

2 closed sales: 229 Daniel Dr 4/3 $1.375M, 6211 Starling Way 4/4.5 $3.475M.

LOTS

No new listings.

1 price change: 1755 Jewel Box Dr now $1.25M.

No new or closed sales.

CAPTIVA

CONDOS

1 new listing: Bayside Villas #4216 1/2 $579K.

No price changes, new, or closed sales.

HOMES

5 new listings: 11535 Laika Ln 4/2.5.5 $1.995M, 15200 Captiva Dr 3/2 $2.049M, 16309 Captiva Dr 6/4.5 $5.35M, 15899 Captiva Dr 4/3 $6.25M, 16777 Captiva Dr 6/6.5 $9.45M.

1 price change: 15161 Captiva Dr 4/4.5 now $6.295M.

No new or closed sales.

LOTS

1 new listing: 15819 Captiva Dr $12M.

No price changes, 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.

Enjoy your weekend,

Susan Andrews, aka SanibelSusan