It is already Friday with another report of more wonderful winter weather on Sanibel and Captiva. A tad cooler and breezier here after a quick shower passed through Wed night, but otherwise sunshine and perfect temperatures for enjoying the great outdoors.

We look forward to the time change this weekend, bringing more daylight hours before the spectacular sunsets arrive.

A Little Island Scoop

Causeway Paving – If you are traveling on- or off-island during the nighttime hours during the week (from 7 p.m. to 6 a.m.), Florida DOT is doing the final paving on the causeway. There may be flaggers and traffic reduced to one-lane. That began on Mar 3 and is expected to take about two weeks.  More work on the islands themselves continues.

MHK Architecture and Island Style Gallery & Design – These two side-by-side businesses share the building at 2365 Periwinkle Way and had their ribbon-cuttings this week. (Old timers will remember this building as the original McIntosh Books.)

Sundial Beach Resort & Spa – All of the resort dining options are now available and open to the public: In the morning, The Marketplace has coffee and pastries or the Waterview is open for breakfast, including made-to-order omelets. For lunch, Turtle’s has apps, sandwiches, and salads. For mid-afternoon snacks, there are scoops and slices at Beach Bites. In the evening, Captain’s Catch is newly opened, plus sushi and hibachi dining are still available at Shima which also has a new sushi bar.

Sanibel & Captiva Islands Association of Realtors

Yesterday, at the islands Association of Realtors weekly Caravan Meeting, guest speaker, Nicole McHale with CHR (Community Housing & Resources) provided an update on the City’s affordable housing program, their ongoing building project, and the need for more workforce housing. Attendees were provided with copies of CHR’s annual report which Realtors were encouraged to share with clients and customers.

During the Realtor agenda, not a single on-island sale was announced (just one off-island condo sale), but plenty of new listings and price reductions were promoted. Following the meeting nine new West End listings were open for easy viewing: six Sanibel homes, two Captiva homes, and a South Seas condo at Lands End Village.

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

On the commercial side, the vacant lot at 1625 Periwinkle Way that was to be the site of a new Sweet Melissa’s Cafe and the former site (back in the 90’s) of The Quarterdeck is for sale for $3.125M.

At SanibelSusan Realty

Though the chatter at weekly Caravan was again that few listings are getting showings, The SanibelSusan Team is encouraged because we have had a variety and multiple showings at several listings – more than we have had in a single week in months.

Coupled with the new sales posted on the island MLS since last Friday, these trends may indicate that March has more serious buyers than February.

On LinkedIn, I recently read local Broker Michael Polly’s opinion of today’s real estate market. He said: “We are witnessing a unique window of opportunity, a period of increased inventory coupled with a somewhat tempered demand, especially as recovery continues from recent storms. While some may perceive this as a sign of market weakness, savvy buyers recognize it as a strategic advantage.”

Some of the reasoning behind it is that today there is a wider selection for buyers and usually there is increased negotiating power when inventory exceeds demand. There also is the potential now for long-term appreciation because as rebuilding and restoration continues, demand will increase.

Having lived on Sanibel for 33 years and a Realtor for 36, I have never seen as unique a time for buyers as this. The SanibelSusan Team is ready for them!

The March 2025 issue of the island “Real Estate Guide” came out today. Our ad is on page 79. March 2025 Real Estate Guide

Sanibel & Captiva Islands Multiple Listing Service Activity Feb 28-Mar 7

Sanibel

CONDOS

5 new listings: Spanish Cay #A3 1/1 $397,500; Sandpebble #4A 2/2 $550K, Loggerhead Cay #231 2/2 $875K, Shell Island Beach Club #5B 2/2 $1.25M, Sunset South #5A 2/2 $1.289M.

1 back-on-market: Shell Island Beach Club #5D 2/2 $999.9K.

8 price changes: Sandpebble #2E 2/2 now $539K, Sanibel Siesta #105 2/2 now $599K, Donax Village #6 2/2 now $620K, Blind Pass #G206 2/2 now $668K, Sanibel Moorings #1641 2/2 now $849K, Beachcomber # D201 3/2 now $995K, Lighthouse Pointe #124 3/2 now $999K, Sanctuary Golf Village #1-PH5 2/2.5 now $1.075M.

2 new sales: Seashells #26 2/2 listed at $415K, Oceans Reach #4D2 2/2 listed at $1.095M.

4 closed sales: Blind Pass #A106 2/2 $400K, Oceans Reach #4C3 2/2 $910K, Beachcomber #C201 2/2 $1M, Heron at The Sanctuary #1-3B 3/2.5 $1.45M.

HOMES

15 new listings: 1446 Sandpiper Cir (1/2 duplex) 2/2 $599K, 730 Cardium St 2/2 $750K, 3009 Singing Wind Dr 3/2 $842K, 4631 Bowen Bayou Rd 3/2 $849K, 9298 Kincaid Ct 3/2 $850K, 1012/1014 East Gulf Dr (multi-family) 4/2 $899K, 1139 Buttonwood Ln 2/2 $1.089M, 717 Gopher Walk Way 3/3.5 $1.395M, 1006 Lindgren Blvd 3/2 $1.395M, 1313 Eagle Run Dr 3/3 $1.695M, 1233 Middle Gulf Dr 4/3 $2.095M, 4960 Joewood Dr 4/3 $2.294M, 1163 Seagrape Ln 4/4.5 $2.697M, 4972 Joewood Dr 4/4.5 $2.995M, 1258 Anhinga Ln 4/4 $4.45M.

1 back-on-market: 3744 West Gulf Dr 4/4 $1.749M.

36 price changes: 2115 Sunset Cir 3/2 now $599K, 4596 Buck Key Rd 3/2 now $699K, 551 Sea Oats Dr 3/2 now $739,555; 9003 Mockingbird Dr 5/4 now $750K, 662 East Rocks Dr 3/2 now $750K, 653 Oliva St 3/2 now $790K, 235 Palm Lake Dr 3/2 now $799K, 1978 Roseate Ln 3/2 now $799K, 1925 Roseate Ln 2/2 now $890K, 560 Boulder Dr 3/2 now $895K, 421 Lake Murex Cir 3/2 now $899K, 3941 Coquina Dr 3/2 now $900K, 1073 Sand Castle Rd 3/2 now $912K, 1521 Wilton Ln 3/2 now $975K, 1421 Sand Castle Rd 3/2 now $985K, 485 Peachtree Rd 3/3 now $1.025M,  4619 Rue Bayou 3/2 now $1.094M, 604 Sea Oats Dr 4/3 now $1.129M, 720 Elinor Way 3/2 now $1.199M, 1311 Par View Dr 3/3 now $1.25M, 3711 Agate Ct 3/2.5 now $1.345M, 335 East Gulf Dr 3/2 now $1.379M, 640 Periwinkle Way 3/2 now $1.399M, 5855 San-Cap Rd 3/2 now $1.4M, 1286 Par View Dr 3.3 now $1.4M, 1172 Kittiwake Ct 5/3 now $1.599,555; 1441 Sand Castle Rd 3/2 now $1.645M, 6076 Castaways Ln 3/2 now $1.69M, 6440 Pine Ave 3/3.5.5 now $1.799M, 1672 Hibiscus Dr 4/4.5 now $1.85M, 865 Birdie View Pt 4/4.5 now $1.999M,  1321 Eagle Run Dr 4/4.5 now $2.098M, 1731 Venus Dr 3/3 now $2.295M, 918 Limpet Dr 4/4.5 now $3M, 1730 Jewel Box Dr 4/3 now $3.099M, 4513 Waters Edge Ln 3/2.5 now $4.95M.

3 new sales: 2105 Sunset Cir 3/2 listed at $649K, 595 Birdsong Pl 3/2 listed at $1.287M, 1817 Long Point Ln 3/2 listed at $1.579M.

10 closed sales: 1125 Captains Walk St 3/3 $540K, 1322 Sand Castle Rd 3/2 670K, 5769 San-Cap Rd 2/2 $900K, 9475 Beverly Ln 3/2 $912K, 1154 Harbor Cottage Ct (1/2 duplex) 3/2 $1.15M, 920 Snowberry Ln 3/3.5 $1.19M, 862 Beach Rd 3/2 $1.44M, 5250 Caloosa End Ln 3/2.5 $1.675M, 589 Kinzie Island Ct 4/3.5 $2.4M, 4039 West Gulf Dr 3/4 $4,781,150.

LOTS

2 new listings: 404 East Gulf Dr $499K, 6015 Clam Bayou Ln $1.15M.

2 price changes: 565 Birdsong Pl now $239K, 5398 Osprey Ct now $405K.

1 new sale: 4501 Waters Edge Ln listed at $2.499M.

No closed sales.

CAPTIVA

CONDOS

2 new listings: Marina Villas #603 2/2 $695K, Beach Villas #3050 3/3 $1.95M.

5 price changes: Tennis Villas #3132 2.2 now $682.5K, Gulf Beach Villas #2011 1/1 now $689K, Bayside
Villas #B311 3/3 now $1.1M, Lands End Village #1666 3/3 now $2.198M, Lands End Village #1656 3/3 now $2.25M.

1 new sale: Captiva Beach Villas #E 5/4.5 listed at $3.75M.

No closed sales.

2 new listings: 16891 Captiva Dr 2/3 $4M, 16530 Captiva Dr 5/5.5 $12.5M.

No price changes, new or closed sales.

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.