As island summertime weather continues, it was nice this week to hear about more progress at a few Sanibel condos. Some news came from owners, some their management companies, others media.

Sanibel Condo News

Gulf Beach – From the “Santiva Chronicle”: “Benchmark General Contractors will break ground on Monday, August 31 on Gulf Beach Condominium, a new 14-unit residential condominium building at 527 East Gulf Drive on Sanibel Island. The project, awarded by Gulf Beach Condominium Association in April 2026, marks another significant milestone in the ongoing rebuilding of Sanibel following Hurricane Ian. The 28,542-square-foot development will rise two stories above parking on a single building footprint and will offer residential condominium living for full-time and seasonal residents. Amenities will include a pool and a dune crossover ramp, providing direct beach access for residents. Construction is expected to be completed by October 2027….”

Sanibel Arms – Following a showing, Sellers of #C7 advised that an Association email said that final key turn-overs will be early August with another community Zoom meeting scheduled for August 8. Hopefully, there will be more news then on more progress and when the resort may reopen.

Sundial East – On Tuesday owners received a property bulletin from the Association which says, Pool & Pool Houses – Natural Resources completed their inspections on Monday, 7/27 along with the installation of the floodproofing.  Today, 7/28, Public Works, Planning Code and the final Fire Inspection are scheduled for both pool houses.  Wednesday, 7/29, the remainder of the inspections will be completed for the pool houses.  The engineering firm has been contacted to obtain the dry floodproofing certificates as well.  Once all is uploaded in to the City of Sanibel’s portal (via internal and external documents), the Certificate of Occupancy will be issued.  With that in hand we can then schedule the Department of Health inspection of the pool itself. With the current schedule, we anticipate that final approval to be on Wednesday, August 5. Please understand this is very fluid with many moving parts, but our best estimate is to have all 3 pools available for use next week.

Sanibel & Captiva Islands Association of Realtors

The islands Association of Realtors did not meet this week, but there is an Open Caravan on August 13 when I will be the guest speaker as part of the “Broker Tips and Tales” series. Following a 25-year career in marine engineering, becoming a Realtor was a way to get to Sanibel in 1992 before retirement. Having had a real estate license since 1989 and my own company since 2004, I have some unique and special tidbits to share that bring success.

Later in the month, the August membership meeting with Caravan is scheduled on the 27^th with guest speaker from Ding Darling Wildlife Society.

Island Real Estate Scoop

Looking at the residential real estate activity posted in the SanCap MLS since last Friday, there have been seven new sales: four Sanibel homes, a Sanibel condo, a Sanibel lot, and a home on Captiva. During the same time, there has been just one new residential listing and four price changes.

The good news on Sanibel is that more homes and lots have already sold/closed this year than in all of 2025.  On Captiva, it is more condos have sold/closed than last year.

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.

SANIBEL Residential	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale	123	939,485	283	121	1,612,462	179	56	1,532,775	334
Under contract	10	752,555	249	27	1,355,925	171	1	499,000	183
Sold to 7/31/26	84	836,696	187	160	1,565,332	149	12	1,698,666	237
Sold 2025	104	755,564	153	159	1,291,016	140	7	952,857	252
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

 

CAPTIVA Residential	CONDOS			HOMES			LOTS
	#	Avg Price	DOM	#	Avg Price	DOM	#	Avg Price	DOM
For sale	34	1,653,320	242	27	5,767,555	301	4	10,875,000	474
Under contract	2	2,107,000	37	1	2,500,000	195	0	N/A	N/A
Sold to 7/31/26	24	836,104	128	8	4,306,250	248	0	N/A	N/A
Sold 2025	16	931,187	214	12	2,480,375	90	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

Sanibel & Captiva Islands Multiple Listing Service Activity July 24-31

Sanibel

CONDOS

No new listings.

1 back-on-market: Tennisplace #A33 2/1 $375K.

1 price change: Donax Village #6 2/2 now $625K.

1 new sale: Sayana #102 2/2 listed at $795K.

4 closed sales: Sundial West #G306 1/1 $565K, Sanibel Moorings #121 2/2 $700K, Sand Pointe #238 2/2 $809K, Sundial East #T204 2/2 $1.2M.

HOMES

1 new listing: 1858 Farm Tr 3/2 $849K.

1 back-on-market: 785 Birdie View Pt 3/2.5 $1.595M.

1 price change: 3324 St Kilda Rd 4/4.5 now $3.25M.

4 new sales: 1167 Sand Castle Rd 3/2.5 listed at $822K, 1637 Sabal Sands Rd 3/2 listed at $899K, 1379 Albatross Rd 3/2.5 listed at $1.149M, 1480 Angel Dr 3/3.5 listed at $2.959M.

4 closed sales: 1629 Sand Castle Rd (1/2 duplex) 3/2.5 $745K. 928 Peppertree Pl 3/2 $995K, 918 Kings Crown Dr 3/2.5 $1.55M, 4452 Waters Edge Ln 3/3 $1.69M.

LOTS

No new listings.

1 price change: 460 Sawgrass Pl now $899K.

1 new sale: 404 East Gulf Dr listed at $499K.

No closed sales.

Captiva

CONDOS

No new listings.

1 price change: Beach Homes #6 3/3 now $2.999M.

No new sales.

1 closed sale: Sunset Beach Villas #2223 1/1 $495K.

HOMES

No new listings or price changes.

1 new sale: 16813 Captiva Dr 3/2.5 listed at $2.5M.

1 closed sale: 11555 Wightman Ln 3/2.5 $2.275M.

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 in any way responsible for the accuracy. Data maintained by the association, or its MLS, may now 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