As reported on-line and in the “Island Reporter”: “The property tax value estimates for Sanibel decreased over 2025, while Captiva saw an increase.

“The Lee County Property Appraiser’s Office released its initial estimates for the 2026 values on May 29, which indicate a 1.19% drop for the city of Sanibel, but a 2.94% increase for Captiva as part of unincorporated Lee County. The early valuations for the fire districts varied, depending on the island.

“County Property Appraiser Matt Caldwell reported in a statement that the value estimates provide a starting point to taxing authorities for their annual budget and property tax rate process. “These estimates reflect the mixed-bag of outcomes in our current market, with hurricane damaged properties continuing to be restored and sold, while much of the overall market in 2025 was stable at best”, he said.

“According to the estimates, the city’s taxable value dropped about $66.75 million from $5.6 billion – 1.19% – to $5.54 billion. Assessed values decreased 1.02% to $5.89 billion, down $60.63 million from $5.96 billion.

“Also for Sanibel, taxable new construction increased from approximately $37.054 million to $62.22 million. A drop was estimated for just new construction from $914.36 million to $188.5 million.

“The county estimates which include Captiva, show about a $4.4 billion rise in taxable value, from $149.52 billion – 2.94% – to $153.92 billion. Assessed value increased 3.01% to $177.45 billion, up $5.18 billion from 172.2 billion. Just value decreased 1.94% to $215.57 billion, down $4.26 billion from $219.83 billion….

“Caldwell reported that his office will continue to refine the values. The official numbers will be certified on or before July 1, then sent to Tallahassee for approval”

Sanibel & Captiva Islands Association of Realtors

There was an Open Caravan meeting at the island Association of Realtors yesterday. Following the meeting, a single home was open for easy viewing.

The next meeting is our monthly membership meeting followed by an Open Caravan on June 25.

Island Real Estate Scoop

Looking at the residential real estate activity posted in the SanCap MLS, since last Friday, there have been five new sales posted: four Sanibel homes and a Captiva condo.

During the same time, there were four new residential listings and eight price changes.

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