Another Friday Real Estate Update from Sunny Sanibel

Island Scoop

Dantes Restaurant – at The Sanibel Inn reopened this week.

Mucky Duck – site of some of the best Captiva sunsets and many a great meal has evidence of reconstruction. It still has a long way to go, but it is nice to see progress there.

Periwinkle Place – also positive this week was to see so many cars at the shopping center. It has been the most action since the hurricanes with many businesses reopen, including Chico’s, Everything But Water, One Island Sanibel, Beach Daisy, Coast Clothing, Congress Jewelers, Her Sports Closet, Sea Glass Lane, Sanibel Day Spa, Sanibel Flip Flops, Tiki Jim’s, and Yara’s Shoe Boutique, plus Blue Giraffe Island Bar & Grill and Pinocchio’s Original Ice Cream.

Spanish Cay – condo buildings have been undergoing a facelift and it looks like their new exterior painting is about done. With brick-colored roofs, the buildings are now white with dark trim on the balcony/lanai railings. Looks fresh!

Sanibel & Captiva Islands Association of Realtors

Yesterday, at the islands Association of Realtors weekly Caravan Meeting, attendance was light as those coming from off-island said a broken-down truck plus contractor work in another location limited travel both on- and off-island, preventing many from arriving at all.

Following the meeting, seven East End homes and three condos were open for easy viewing.

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 Sanibel three new condo sales were posted, and finally yesterday afternoon two Sanibel homes went under contract with another sale posted today. They include an elevated 2-bedroom pool home on Rabbit Rd, a near-beach lake-front ground-level pool home, plus a recently-built home (2023) in Gulf Shores. No new Captiva sales have been posted.

On the commercial side, 2411 Periwinkle Way, the site of the original Cheeburger Cheeburger is on the market for $598K. Also, the price of our commercial condo listing at Lime Tree Center #2 was reduced to $399K.

More on Island Inventory

Usually, the larger complexes and communities have the most inventory, but it is surprising that this far into “high season”, that the following areas have ten or more properties for sale. A great time for island buyers, particularly in these locations where there are many offerings.

Sanibel & Captiva Islands Multiple Listing Service Activity Mar 7-14

Sanibel

CONDOS

14 new listings: Captains Walk #D1 2/1 $395K, Casa Blanca #9 2/2 $475K, Sundial #C207 1/1 $524,999;  Cottage Colony West #110 1/1 $569.9K, Cottage Colony West #112 1/1 $595K, Signal Inn #1 2/1 $685K, Mariner Pointe #932 2/2 $699K, By-The-Sea #B101 3/2 $799K, Loggerhead Cay #441 2/2 $879K, Kings Crown #212 2/2 $995K, Sanctuary Golf Villages #6-3 3/3 $1.2245M, Sanibel Siesta #608 2/2 $1.395M, Sundial #T204 3/2 $1.595M, Sundial #L405 2/2 $1.7M.

1 back-on-market: Sanibel Siesta #105 2/2 $ 2/2 $599K.

9 price changes: Beach Road Villas #103 2/2 now $599K, Blind Pass #A203 3/2 now $650K, Blind Pass #F206 2/2.5 now $709K, Oceans Reach #1A4 2/2 now $899K, Sandalfoot #1A2 2/2 now $950K, Nutmeg Village #102 2/2 now $1.095M, Sundial #O205 2/2 now $1.195M, Sundial #L402 3/2 now $1.295M, Sundial #L404 2/2 now $1.6M.

3 new sales: Captains Walk #C6 1/1 listed at $225K, Oceans Reach #2B2 1/1 listed at $699K, Sanibel Surfside #135 2/2 listed at $999K.

6 new listings: 9455 Beverly Ln 2/2 $619.9K, 1314 Tahiti Dr 3/2 $685K, 852 Rabbit Rd 3/3 $825K, 272 Ferry Landing Dr 3/3 $1.15M, 459 Lagoon Dr 2/2.5 $1.199M, 1222 Ferry Rd 4/4 $1.798M.

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

25 price changes: 690 Purdy Dr 3/2 now $499K, 1440 Sandpiper Cir (1/2 duplex) 3/2.5 now $699K, 495 East Lake Dr 3/2 now $699K, 1674 Bunting Ln 3/2 now $799K, 589 Rabbit Rd 2/2 now $799K, 3362 Barra Cir 2/2 now $849K, 499 Leather Fern Pl 3/2 now $875K, 9490 Peaceful Dr 3/3 now $899,999; 713 Durion Ct 3/2 now $900K, 1730 Middle Gulf Dr 3/2 now $939K, 9247 Dimmick Dr 3/2 now $939K, 3314 St Kilda Rd 3/2 now $999K, 1646 Middle Gulf Dr 3/3 now $1.099M, 1001 Lindgren Blvd 3/2 now $1.18M, 252 Daniel Dr 3/2 now $1.249M, 755 Pen Shell Dr 3/2 now $1.275M, 1002 Kings Crown Dr 3/2 now $1.295M, 734 Pyrula Ave 3/2.5 now $1.499M, 203 Daniel Dr 3/3 now $1.585M, 2450 Wulfert Rd 4/3 now $1.595M, 544 Sea Oats Dr 4/4 now $1.649M, 821 Lindgren Blvd 3/3 now $1.695M, 1672 Hibiscus Dr 4/4.5 now $1.85M, 706 Gopher Walk Way 3/4 now $1,895,706; 1133 Golden Olive Ct 4/3.5 now $3.87M, 5105 Joewood Dr 5/5 now $4.249M.

3 new sales: 589 Rabbit Rd 2/2 $799K, 421 Lake Murex Cir 3/2 listed at $899K, 1048 Fish Crow Rd 3/2 listed at $1,057,300.

3 closed sales: 1712 Sand Pebble Way (multi-family) 4/2 $590K, 4372 Gulf Pines Dr 3/2 $810K, 2960 Wulfert Rd 5/5.5 $2.625M.

LOTS

1 new listing 327 Palm Lake Dr $650K.

4 price changes: 2348 Wulfert Rd now $349K, 1377 Jamaica Dr now $399K, 224 Daniel Dr now $689K, 842 Limpet Dr now $1.9M.

No new sales.

2 closed sales: 466 East Gulf Dr $775K, 4501 Waters Edge Ln $2.3M.

CAPTIVA

CONDOS

No new listings.

3 price changes: Bayside Villas #40 3/3 now $1.049M, Bayside Villas #4318 3/3 now $1.049M, Captiva Shores #6C 2/2 now $1.495M.

No new or closed sales.

HOMES

2 new listings: 16891 Captiva Dr 3/3 $4M, 16548 Captiva Dr 4/4 $6.5M.

3 price changes: 14865 Mango Ct 2/2 now $1.495M, 16309 Captiva Dr 6/4.5 now $4.95M, 15153 Captiva Dr 3/3 now $5.65M.

No 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.

Enjoy your weekend & upcoming St Patrick’s Day,