Sanibel & Captiva Friday Real Estate Scoop 08-08-2025

Another Friday is here with more Sanibel blue skies and sunshine. After a much-needed brief shower mid-week, it was a surprise to hear about how much more rain was received that day just off-island. Our rainy season forecast calls for 50% chance of rain most days and a few more short showers sprinkled the island again yesterday, but none yet today.

With Florida’s hurricane season a long six months, now that the two easy months are behind, we watch weather projections carefully and plan for what we hope never arrives.

Sanibel-Captiva Real Estate Guide

The August/September of the Guide was out today. Our ad from Pg 5 is below.

Read the full guide at www.SanibelRealtors.com

More Restoration, Rebuilding, Opening News

Roadways and bike paths had little traffic this week, as recovery continues albeit slowly. As Realtors, we often are asked what is happening with repairs or reconstruction at a specific property. Though the island grape vine can be good, it is not always accurate. When I get that question – or a call from a property owner, I look the property up on the City website, www.mySanibel.com. There is a tab at the bottom left on the homepage called “Permits & Licenses”. Clicking that tab brings up Sanibel’s Self Service Page. There on the left is a tab to “Search Public Records”. There where records may be searched by address, including permits. projects, plans, inspections, etc. Those thinking of buying a property also should look here for a history of what work has been done at the property, when, and by whom.

The County Tax Appraiser website, www.LeePA.org also allows searching by property address and then seeing the details about the property, including Building/Construction Permit Details. These include permits through the county, not Sanibel, so though this site also has info, it is not as detailed as what the Sanibel site offers. It is more helpful for Captiva properties.

A Bit of Bailey’s – When Week #12 2025 special events as part of “Love Sanibel Back” were posted, it was great to see that A Bit of Bailey’s in the Rabbit Rd commercial center will be open Saturday August 16 at 9 a.m. The new construction of the big store at the corner of Periwinkle Way and Tarpon Bay Rd still is expected to begin this fall. In the meantime, A Bit of Bailey’s and their Island Store on Captiva will offer many of the same goodies enjoyed at the former big grocery.

Kona Kai of Sanibel – This charming motel at 1539 Periwinkle Way reopened this week. Offering special rooms rates until the end of September, their business hours are 9;30 a.m. to 5 p.m. or call 239-472-1001. Having sold this property to the Rodenburg Family in 2010, there was never a doubt in my mind that they would restore and reopen. Nestled in a tropical Hawaiian-style setting with pool, it also borders the Sanibel River. www.KonaKaiMotel.com.

Michael Saunders & Company on Sanibel – This has been in the works for weeks but finally official with new real estate signs popping up all over the islands. Michael Saunders & Company, out of Sarasota, and with branch offices throughout the Florida Gulf Coast, purchased the former VIP building and business at 1560 Periwinkle Way. Many VIP friends have transitioned to Michael Sanders and we look forward to doing more sales with them soon. (By the way, Michael Sanders is female with a decades-long great reputation.) Welcome to the islands!

Sanibel & Captiva Islands Association of Realtors

The island Association of Realtors had a short caravan meeting yesterday, followed by an open house at a single home in The Dunes.

Six new sales were posted in the SanCap MLS since last Friday, all on Sanibel – two condos, two homes, and two lots. Below, with data from the island MLS are summary tables of the residential sales statistics, followed by an update about our listings, plus the details of the MLS action reported this week.

Though many listings expired at the end of July, most are expected to return to the market over the next few months when Sanibel inventory is again likely to have over 200 condos and 300 homes available.

SANIBEL RESIDENTIAL	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale:	145	945,621	185	169	1,514,515	156	42	1,252,250	276
Under contract	9	772,711	169	15	1,224,060	134	2	589,450	429
Sold to 8/8/25	63	781,475	123	109	1,410,129	130	4	1,095,000	79
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	1,292,855	220	27	5,979,037	232	2	12,000,000	446
Under contract	1	325,000	460	3	1,359,666	138	0	N/A	N/A
Sold to 8/8/25	10	993,500	249	5	1,835,400	115	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 Aug 1-8

Sanibel

CONDOS

1 new listing: Tennisplace #D33 1/1 $400K.

1 price change: Kinzie Island #A 4/4.5 now $3.895M.

2 new sales: Sandy Bend #5 2/2 listed at $699K, Sanibel Moorings #1541 3/2 listed at $849K.

No closed sales.

HOMES

2 new listings: 640 Oliva St 3/2 $999K, 720 Durion Ct 4/3 $1.19M.

5 price changes: 4052 Coquina Dr 3/2 now $699,999; 852 Rabbit Rd 3/3 now $765K, 5300 Umbrella Pool Rd 3/3 now $997,555; 734 Anchor Dr 3/2 now $995K, 458 Lake Murex Cir 3/2 now $1.03M.

2 new sales: 220 Hurricane Ln 2/2 listed at $489K, 3008 Turtle Gait Ln 3/2 listed at $1.32M.

2 closed sales: 1851 Angel Wing Dr 5/4 $1.75M, 1004 Bayview Dr 5/4 $3.5M.

LOTS

2 new listings: 714 Durion Ct $475K, 2563 Coconut Dr $1.349M.

2 price changes: 231 Palm Lake Dr now $595K, 1755 Jewel Box Dr now $999K.

2 new sales: 711-713 Cardium St (duplex or single-family lot) listed at $549K, 1030 White Ibis Dr listed at $629K.

No closed sales.

CAPTIVA

CONDOS

No new listings.

1 back-on-market: Bayside Villas #5340 3/3 now $969K.

2 price changes: Tennis Villas #3135 1/1 now $339K, Bayside Villas #4118 1/2 now $500K.

No new or closed sales.

HOMES

No new listings.

1 price change: 11523 Andy Rosse Ln 5/5.5 now $3.75M.

No new sales.

2 closed sales: 54 Sandpiper Ct 2/2 $1.255M. 11533 Andy Rosse Ln 4/4 $2.9M.

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 in or participated in these transactions.

Enjoy your weekend,

Susan Andrews, aka SanibelSusan