Sanibel Sunsets Are The Best!


It’s Susan reporting another beautiful Friday on Sanibel & Captiva Islands where we have had terrific weather again this week with a few late day and evening showers, mostly inland. Last night though, following another stunning sunset, the islands got a good dousing.

Below is a photo posted by Sanibel City Manager Judie Zimomra as she was coming back on-island just before the showers. Not only is she a fabulous City Manager, but a great photographer too. (Thanks for sharing, Judie.)

Judie sunset 06-21-18

The 2nd photo I snapped on my east-end travels. It shows just how green and beautiful the vegetation is on Sanibel this time of the year, as the seasons skip from spring into summer!

Purple flower.jpgIn the real estate world, the listing status changes as posted in the Sanibel & Captiva Islands Multiple Listing Service since last Friday follow a few news items below.

Voters Are Not Turnips

SCCF logoLove it when the Sanibel-Captiva Conservation Foundation (SCCF) hits the nail on the head. Below is their email received Monday morning.

The other good news, just announced yesterday, is that the early huge water releases from Lake “O” will be reduced beginning today. Thanks to all that helped with the Mayor’s call-to-action. We can’t let up on these pushes. Southwest Florida government officials and local Realtors® have been cooperating on these initiatives for years and we are always in need of more help from the public.

Court Victory Supports Florida’s Land Acquisition Amendment – In 2014 an overwhelming 75% of Florida Voters supported a Constitutional Amendment to allocate 33% of real estate doc stamp taxes to Florida’s Land Acquisition fund, Florida Forever. The vote showed Florida voters really appreciate the public lands and special places that have helped make Florida a great place to live and explore.

“The Amendment was spurred when the Florida legislature quit funding Florida’s decade’s long program that purchased and protected wild lands, critical wildlife corridors, habitats and water systems from Spring to the Everglades. It passed with the support of 3 of 4 voters in 2014.

“However, the Florida legislature had their own ideas and misspent the funds on agency salaries and operating expenses over our active opposition each year. Their response? They told the public we didn’t understand the language of the amendment, copied below.

Turns out voters are not turnips and on Friday a Judge hearing the 3-year old case agreed, issuing a full summary judgment and cancelling the trial scheduled to begin in July.

“Voters are vindicated! Stay Tuned for what comes next. Thanks to the groups who sued: Florida Wildlife Federation, St. Johns Riverkeeper, Environmental Confederation of Southwest Florida, The Sierra Club and Earthjustice.

“Language of the 2014 Constitutional Amendment:  Funds in the Land Acquisition Trust Fund shall be expended only for the following purposes:

“1.   As provided by law, to finance or refinance: the acquisition and improvement of land, water areas, and related property interests, including conservation easements, and resources for conservation lands including wetlands, forests, and fish and wildlife habitat; wildlife management areas; lands that protect water resources and drinking water sources, including lands protecting the water quality and quantity of rivers, lakes, streams, spring sheds, and lands providing recharge for groundwater and aquifer systems; lands in the Everglades Agricultural Area and the Everglades Protection Area, as defined in Article II, Section 7(b); beaches and shores; outdoor recreation lands, including recreational trails, parks, and urban open space; rural landscapes; working farms and ranches; historic or geologic sites; together with management, restoration of natural systems, and the enhancement of public access or recreational enjoyment of conservation lands.

“2.   To pay the debt service on bonds issued pursuant to Article VII, Section 11(e).”

1st Day of Summer & National Seashell Day

Yesterday, also the first day of summer, Lee County Visitor & Convention Bureau hosted an event aimed at toppling an existing Guinness World Record for “largest human image of a seashell.” It required recruiting lots of people wearing identical T-shirts to assemble on Fort Myers Beach and fill in the form of a seashell. A Guinness World Records adjudicator was on site to verify the attempt.

With 1,093 volunteers participating, including many from Sanibel/Captiva, Lee County’s human seashell surpassed a seashell image created in October featuring 855 participants at a team-building event in Turkey that was organized by the petrochemical/energy company Shell and Turcas Petrol A.S. Congratulations to all who helped the effort.

national seashell day 2018.jpg

This Fort Myers Beach shell-a-bration is the signature event for the 3rd annual National Seashell Day — held on the first day of summer: Thursday. Plenty of photos were posted on social medial under the hashtag: #NationalSeaShellDay.

Top 10 Threats to Real Estate in 2019

REALTOR-Magazine_Logo_The below article was posted on line yesterday (June 21, 2018) at “Realtor® Magazine”, credited to The Counselors in Real Estate on June 14.

“Rising interest rates and the economy are the top two current issues to watch in real estate, according to the Counselors of Real Estate’s Top Ten Issues Affecting Real Estate 2018-2019, a list of the biggest threats to the housing market. For the first time, CRE broke its annual list down into current and longer-term issues to watch during the industry’s next year.

Top Current Issues to Watch

  1. Interest rates and the economy: As interest rates rise, commercial and residential real estate markets are seeing several changes, such as decreasing demand for commercial property and higher home mortgage rates. Rate increases are making homes less affordable and are also limiting the value appreciation for commercial real estate. “Lack of wage growth for all but the wealthiest population segment is dampening housing demand and limiting consumer spending that the economy needs for growth,” the report notes.
  2. Politics and political uncertainty: Tax reform and policies aimed at balancing trade with other countries will have an impact on jobs, incomes, and both commercial and residential property, according to the report. Congressional action to relax certain bank lending and asset management regulations was also among developing trends that may improve access to capital,” the report notes.
  3. Housing affordability: The lack of affordable homes across income brackets, excluding the most wealthy, is being fueled by low wages, rising mortgage rates, and the underproduction of housing for nearly two decades, according to the report.
  4. Generational change/demographics: Four distinct generations are exerting influence on commercial and residential real estate, such as in office design, student and elder housing, amenities, and location preferences.
  5. E-commerce and logistics: Volatility in the retail sector, such as from the increase of e-commerce, is leading to a growth in warehouses.

Top Longer-Term Issues

  1. Infrastructure: Roads, bridges, airports, water and sewer lines, electricity, and public transit are rapidly deteriorating, the report notes. An estimated $4.5 trillion is needed to improve critical infrastructure by 2025, according to the American Society of Civil Engineers. “The lack of serious effort by the U.S. to address its condition and much-needed revitalization leads the list of broader and emerging issues affecting real estate,” the report notes.
  2. Disruptive technology: The report highlights advances in robotic manufacturing and warehousing; driverless cars and trucks; the extensive availability and utilization of personal and transactional data (aimed at enhancing business decisions); “smart” building technology that enables efficiency; global connectivity; automated business processes; and information protection through cybersecurity. “Nearly every aspect of real estate is undergoing dramatic change as these types of technology are adopted,” the report notes.
  3. Natural disasters and climate change: The ongoing threat of natural disasters and climate change can result in high-priced property and environmental damage. This includes everything from severe storms, wildfires, and floods to earthquakes, volcanic activity, and rising sea levels.
  4. Immigration: “If reduced by law, will have a negative impact on new housing starts and home purchases as well as worsen the current skilled labor shortage in the U.S.,” the report cautions.
  5. Energy and water: Natural resources that are vital to property and quality of life are being threatened by environmental damage (manmade and from changing climates) as well as “entangling state and local regulations that are complicating development and lack the standardization that national regulations would provide.”

“CRE additionally notes several other issues making its “watch list,” including rising construction costs; urbanization/suburbanization (with suburbs adapting citylike development and amenities); tax cuts (which may positively impact commercial properties; legislation is still developing); and societal leadership (social activism among younger Americans that is fueling business and social reform at many levels).”

Sanibel & Captiva Islands Multiple Listing Service Activity June 15-22, 2018

Sanibel

CONDOS

2 new listings: Seawind #105, 2/2.5 $545K, Sanibel Surfside 2/2 $989K.

1 price change: Sundial West #E104 2/2 now $869K.

5 new sales: Blind Pass #G203 2/2 listed at $459K, Sanibel Moorings #941 2/2 listed at $519K, Sunset South #6A 2/2 listed at $599K, Sanibel Siesta #306 2/2 listed at $599.5K, Seawind II #5 2/2.5 listed at $799K.

7 closed sales: Casa Blanca 2/1 $379K, Mariner Pointe #533 2/2.5 $481.1K, Sanibel Arms West #G7 2/2 $520K, Sundial West #G204 2/2 $597.5K, Shorewood #1C 3/2 $800K, Sundial East #P204 2/2 $829K, High Tide #C201 2/2 $953K.

HOMES

1 new listing: 849 Beach Rd 4/2 duplex $635K

5 price changes: 1350 Middle Gulf Dr 3/3 now $849K, 641 Lake Murex Cir 4/3 now $1.1M, 824 Birdie View Pt 3/3 now $1.149M, 1324 Seaspray Ln 3/3 now $1.35M, 6071 San-Cap Rd 5/4.5 now $2.9975M.

2 new sales: 1940 Periwinkle Way 3/2 listed at $459K, 1001 Lindgren Blvd 3/2 listed at $899K.

4 closed sales: 1338 Tahiti Dr 2/2 $552.5K, 1846 Ardsley Way 2/2 $525K, 1545 Sand Castle Rd 4/3.5 $975K, 1033 S. Yachtsman Dr 3/3 $1.413M,

LOTS

20180622_151644.jpg1 new listing: 9270 Kincaid Ct (our listing) $149K.

No price changes, new or closed sales.

Captiva

CONDOS

1 new listing: Tennis Villas #3128 1/1 $352.5K

1 price change: Beach Villas #2625 2/2 now $640K.

No new or closed sales.

HOMES

No new listings, price changes, or new sales.

1 closed sale: 16163 Captiva Dr 3/2 $2,35M.

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.

Here’s hoping everyone has a great weekend!

If you are interested in island real estate you-know-who is working.

Susan Andrews, aka SanibelSusan

A Quiet Friday & Island Real Estate Scoop


It definitely is quiet now on Sanibel & Captiva Islands. Below are my signs-of-summer observations, followed by a couple of news items, then what has been posted in the Sanibel & Captiva Islands Multiple Listing Service since last Friday.

SanibelSusan’s Signs of Summer

It has been both a good and a bad week on beautiful Sanibel Island. Here is my list of the pros and one con from the last seven days:

PROS:

  • With snowbirds and seasonal visitors gone, traffic is nil, traveling the island is easy-going, and there are no waits at restaurants – a great time to get reacquainted with your favorite local spots. I took a drive out to Captiva midweek with a stop for lunch at Sunset Grill. Below is a photo taken that day. I sure hope the gulf waters stay this beautiful color.Captiva beach 06-06-18
  • Since the winter drought is over, most vegetation is lush, flowering, and green again. Some beautiful sights include some royal poinciana roadway canopies which have been especially vivid the last couple of weeks. RoyalPoincianaTrees
  • Big white popcorn clouds coming from the mainland now are cropping up in the afternoon forming spectacular sights against the bright blue sky – and resulting in picture-perfect sunsets.

CONS:

Sanibel/Captiva Preliminary Property Tax Valuations

LeePALogoOn May 31, the Lee County Property Appraisers office released its estimated tax roll values. According to the June 6, “Islander/Island Reporter”, they “Indicate a 2.51% increase for the city of Sanibel and a 5.33% increase for Captiva as part of unincorporated Lee County. The preliminary valuations for the fire districts on the islands also rose.

“The official numbers will come out by July 1, then be sent to Tallahassee for state approval. According to the estimates, Sanibel’s taxable value rose approximately $1.269 million – the 2.51% – to about $5.18 billion. The assessed value jumped 2.48% to $5.46 billion, up $131.99 million from 2017, while the just value improved by 0.04% to $6.08 billion, up $2.56 million.

“Obviously the estimates are lower than we anticipated,” Mayor Kevin Ruane said. He noted, however, that the final number released in July typically comes in higher for the city than indicated by the preliminary one. For example, last year it went from 4.5% to 6.2%….”

Foodie Info

  • Jac 06-08-18The Jac – Sanibel Island Grille & Rum Bar is open. At the site of the former Jacaranda Restaurant, The Jac is officially open for business with plans to kick off weekend brunch for the first time tomorrow. The restaurant has been open for two weeks for lunch and dinner every day. This weekend it will open early, for brunch on Saturdays and Sundays. I had dinner there last week and can recommend the Citrus Fettuccine and Shrimp. Ads for the weekend brunches, say they will be from 9 a.m. to 2 p.m. and include homemade bloody Mary mixes and an omelet bar.
  • Mud Bugs 06-08-18Mud Bugs Cajun Kitchen coming at the former site of the Sanibel Steakhouse remains under construction, but roadside landscaping went in yesterday and is beautiful. Appears that future parking will all be in the back as the new trees and plantings are big and plentiful. From the road, you can hardly see the new building.

Give Back Wednesdays for Community Housing & Resources

CHR-Logo-Hor-1Every other Wednesday, from May through July, Sanibel’s Community Housing & Resources (CHR) is hosting a Give Back Wednesday at one of its supporter’s locations where that restaurant will donate a percentage of its profits to CHR, the island’s affordable workforce housing program. In addition, Bailey’s General Store is donating a portion of its wine sale proceeds from every Wednesday.

So, if you are here in July, please join local Realtors® and others who will be dining at Sundial Resort’s Seabreeze Café on July 11 and at ‘Tween Waters Resort’s Old Captiva House and Crow’s Nest Bar & Grill on July 25.

CHR’s Executive Director, Melissa Rice, also is a Realtor®. Kudos to her, her CHR team, and these wonderful businesses for coming up with such a fun way for us to support the community.

Successful Give-Back-Wednesday events have already occurred at Sanibel Café, Joey’s Custard, and Dante’s Coal-Fired Pizza. There also is one next Wednesday, June 20, at Sanibel Deli.

CHR’s, below-market-rate housing program began on Sanibel about 40 years ago when community leaders saw the need to subsidize housing costs to make it affordable for people who work on the island but couldn’t afford rent. According to an article in this week’s “Santiva-Chronicle”, “CHR currently has 74 properties in its rental program and another 14 properties in its limited-equity ownership program. The non-profit partners with the City of Sanibel to provide affordable housing for families and individuals who work full-time on Sanibel or are retired or disabled longtime residents of Sanibel.”

Homeowners’ Association Documents Versus Condo Association Documents

Florida Realtors logoIt has always irked me, that in Florida, condo buyers must be provided with a copy of the condo association’s documents, but that the same does not apply when buying a home in a community with a Homeowners Association. Here’s a question and answer as they appeared in the June 2018 issue of Florida Realtor® magazine.

“I heard that, pursuant to the Homeowners’ Association Disclosure law, the seller must provide the buyer a current copy of the HOA documents. I’m aware of the document delivery for condominium associations, but thought HOAs are different.

“Yes. Section 720.401 does not require the seller to provide a copy of the HOA documents to the buyer; it merely requires a disclosure summary that should be attached to and made a part of the contract.

Wondering what the SanibelSusan Team does when a buyer is purchasing in a home community with a HOA, and we are not required to provide those documents?

We – like anyone in the public – have access to the recorded documents through the website of the Lee County Clerk of Court at www.LeeClerk.org. There, under “Records”, then “Official Records Search”, is a link to “Official Records Public Search”. Searching by a community or subdivision name, one will find every document recorded about it, including the original community documents and plats, plus each subsequent amendment, restatement, or new documents. It also has easements, liens, judgements, deeds, etc. A similar search by an individual’s name will provide every recording about them.

Sometimes home buyers (like condo buyers) want a hard, printed copy of those documents (which can be voluminous). Others prefer just links to the documents, so they can refer to them electronically. Either way, we are happy to provide them.

It is important to note that just the recorded documents are at the courthouse. HOA financials, budgets, reserve schedules, and rules/regulations must be requested from an Association Manager, management company, or board member, similar to those for a condo association.

Sanibel & Captiva Islands Multiple Listing Service Activity June 1-8, 2018

Sanibel

CONDOS

4 new listings: Sundial West #D304 1/1 $460K, Sanibel Arms West #I7 2/2 $589K, Sundial West #H203 2/2 $695K, Compass Point #161 3/3 $1.279M.

4 price changes: Tennisplace #A34 2/1.5 now $329.9K, Blind Pass #E205 now $425K, White Caps South #5 1/1 now $529K, Mariner Pointe #1052 2/2 now $544.9K.

4 new sales: Tennisplace #D31 1/1 listed at $229K, Mariner Pointe #732 2/2 listed at $489.9K, Loggerhead Cay #214 2/2 listed at $625K, Nutmeg Village #205 2/2 listed at $745K.

4 closed sales: Kings Crown #312 2/2 $765K, Shorewood #3C 3/2 $925K, Compass Point #192 2/2 $1.05M, Poinciana #2B 3/2 $1.2M.

HOMES

3 new listings: 9240 Belding Dr 3/2.5 $535K, 5747 Pine Tree Dr 3/3 $849K, 218 Daniel Dr 3/2.5 $879K.

6 price changes: 1643 Sand Castle Rd 3/2.5 half-duplex now $529K, 744 Marthas Ln 2/2 now $579K, 396 Lake Murex Blvd 3/2 now $699.9K, 1807 Serenity Ln 3/2 now $765K, 660 Oliva St 3/3 now $849K, 789 Pyrula Ave 4/2.5 now $999K.

5 new sales: 9225 Belding Dr 3/2 listed at $429K, 1066 Sand Castle Rd 3/2 listed at $639K, 5410 Osprey Ct 3/2.5 listed at $749K, Moonshadows #2F 3/3 half-duplex listed at $885K, 1316 Eagle Run Dr 4/3 listed at $1.299M.

7 closed sales: 1004 Spanish Laurel Ln 2/2 $568K, 1582 Sand Castle Rd 3/2 $630K, 1020 White Ibis Dr 3/3 $630K, 4439 Gulf Pines Dr 3/2 $695K, 678 East Rocks Dr 3/2 $805K, 529 Lighthouse Way 3/3 $1.16M, 4171 West Gulf Dr 3/2 $2.95M.

LOTS

No new listings.

1 price change: 0 Island Inn Rd now $895K.

1 new sale: 6000 White Heron Ln listed at $749K.

No closed sales.

Captiva

CONDOS

1 new listing: Gulf Beach Villas 2/2 $658K.

1 price change: Beach Cottages #1408 2/2 now $1.16M.

1 new sale: Marina Villas #610 2/2 listed at $685K.

1 closed sale: Lands End Village #1665 2/2 $939.25K.

HOMES

No new listings.

1 price change: 11540 Laika Ln 3/2.5 now $1.575M.

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.

Until next Friday, Susan Andrews aka SanibelSusan (watching the water…sanibel-island-beach-white-sand

Sanibel/Captiva Real Estate Nitty Gritty


It’s Susan, reporting another Friday and another beautiful one on sunny Sanibel Island. Following a somewhat blustery rainy Memorial Day weekend, the last few days progressed with only a few showers. Chance of rain is now down to only 10-20%, with daytime temperatures in the low 80’s – pretty nice by island standards.

sunset carinteriordesign(Of course, as soon as I was ready to push the “publish” button on this post, it starting raining. It’s about 3:30 p.m. and looks to be just a quick shower! Maybe with some lingering clouds there will be another one of these gorgeous sunsets tonight.)

 

The action this week in the Sanibel & Captiva Multiple Listing Service follows a few news items below. It’s quiet now on-island, but even so Sanibel had six new sales (two condos, four homes). No sales on Captiva.sancap GO MLS logo

With today being the first day of hurricane season, it’s a good time to buy – properties generally are easier to view than during the busy winter months and sometimes sellers more negotiable. Inventory remains low, however, so if you want a particular property type or community or have special requirements, it pays to have someone on the lookout for you. Realtors® here often get a heads-up before a new listing hits the market – the beauty of living and working on a small island – and The SanibelSusan Team has good radar!

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoCommunications & Public Relations Committee Meeting at our Wednesday morning meeting, the Committee finalized plans for some summer community and fundraising projects:

  • FishFISH of Sanibel-Captiva – As our spring food drive for non-perishable items wrapped up, items collected were delivered yesterday to the food pantry.
  • Sanibel Heritage Trail – Within the next month, now that the rainy season has begun, and with help from SCCF’s Native Plant Nursery, Realtors® hope to add plants to stops along the recently completed Heritage Trail. Funds are already raised and earmarked.
  • meals_of_hope(1)Meals of Hope – The Association is hosting another meal-packing event on Tuesday, July 24 from 3 to 5 p.m. at the Sanibel Community Church. Last summer, we packed over 20,000 meals in less than 2 hours. We hope to pack another 20,000. First, we need to raise $5,000 to cover the food cost. The Association is collecting donations (checks made out to Meals of Hope) and looking for volunteers to help pack during the 2-hour event. Neighbors, family, friends, and children needing community service credits are welcome. Call your Realtor® or the Association (472-9353) for more info. More about the mission of Meals of Hope is at www.mealsofhope.org.
  • Bedz for Kidz – In August, we will be collecting twin and crib bed sheets and children’s luggage/backpacks for this local charity that provides beds and bedding for children as part of the Guardian ad Litem Foundation of the 20th Judicial Circuit “Voices for Kids”.
  • New ACT logoACT (Abuse, Counseling, & Treatment Center) – In September/October, we are collecting pillows and fresh linens for this Fort Myers facility.

Thursday Realtor® Caravan at yesterday’s Caravan Meeting, only two new sales were announced and just three properties were open for Realtor® Caravan. The meeting was well attended though, with plenty of announcements about educational opportunities this summer and a final financial report from our recent End-of-Season Golf Outing & Auction to benefit water quality.SCCF logo

Association Affiliate and event Chairman, David Arter announced that the event raised more than $14K which will be presented soon to the Sanibel-Captiva Conservation Foundation (SCCF).

RPAC raffle tickets also were sold at the event. These sales helped the Association again surpass their annual national goal. (RPAC stands for Realtor Political government_affairs_rpac_logo_homeAction Committee. RPAC was created in 1969 and raises funds voluntarily from members of local Associations for use in issues, campaigns and contributions to political candidates at federal, state and local levels. RPAC funds have been used here for a variety of issues affecting island real estate and property rights (including water quality, redevelopment, flood insurance, etc.))

Historical Village To Hold Free Admission Day

Touring-the-Sanibel-Historical-Village-MuseumAs reported this week in the “Santiva Chronicle”: “The Sanibel Historical Village will offer free admission for all visitors on Saturday, June 16, 2017, from 10 a.m. to 1 p.m.

““We decided to hold Free Admission Days because sometimes Sanibel residents tell us they have never been to the village,” said Executive Director Emilie Alfino. “I suppose it’s the same syndrome that causes New Yorkers to ignore the Empire State Building! With our mission to share and celebrate Sanibel’s history, we wanted to do something to entice more people to explore the village. Once they do, we know they’ll love it and return many times and bring family and friends.”

“The free day is not aimed at just locals but is open to all visitors.

“The Sanibel Historical Museum & Village tells the story of Sanibel from the Calusa and Spanish eras to the early pioneer families who settled on the island in the 1800s. It tells of warriors, adventurers, fishermen, farmers and proprietors. The island’s way of life is recreated in a village of nine structures that have been relocated from their original sites, restored and preserved. Visitors trace the footsteps of the island’s past as they meander along a handicapped-accessible path lined with buildings that represent “old Sanibel,” as Sam Bailey used to say. Visitors can tour a pioneer home, fishing cottage, post office, schoolhouse, tea room, general store, and more.

“Learn more at the Sanibel Historical Museum and Village, open Tuesdays through Saturdays from 10 a.m. to 1 p.m. A full guided tour takes place at 10:30 a.m. at no additional charge, depending on the availability of a docent. The museum closes for the summer on August 1 and re-opens October 16.”

Floridians’ Outlook Improves – Second Month in a Row

Florida Realtors logoAs posted on-line Wednesday at FloridaRealtors®, sourced to Gainesville:

“Consumer sentiment among Floridians increased 2.6 points in May to 100.6 – an increase from a revised figure of 98 in April. Among the five components that make up the index, three increased and two decreased. It’s the second reading over 100 since March 2002, the first being January of this year….

UF logo“Overall, Floridians are more optimistic, and the gain in May’s confidence came mainly from consumers’ future expectations about the national economy in the medium- and long-run. Notably, these expectations are shared by all Floridians regardless of their age or socioeconomic status,” Sandoval said. (Hector H. Sandoval is director of the Economic Analysis Program at University of Florida’s Bureau of Economic and Business Research.)

“Economic activity in Florida continues to expand with more jobs added every month. In April, 178,400 more jobs were added statewide compared with a year ago, an increase of 2.1%. Among all industries, professional and business services gained the most jobs, followed by construction, leisure and hospitality, and education and health services.

“The Florida unemployment rate has remained unchanged at 3.9% for the past eight months. Furthermore, according to the Bureau of Economic Analysis, real gross domestic product in Florida increased 3.7% in the fourth quarter of 2017. The real estate and rental and leasing industry and the construction industry contributed the most to the increase.

“”Despite the ups and downs, consumer sentiment has been very favorable over the year and has remained quite stable since the beginning of 2018. Looking forward, we anticipate consumer sentiment to remain high in the months to come,” Sandoval says.”

Update on Bailey Tract Closing

ding darling goose logoRefuge Manager, Paul Tritaik issued the following press release this week: “J.N. “Ding” Darling National Wildlife Refuge will be closing the Bailey Tract for four to six weeks starting the afternoon of Sunday, June 3, 2018. This closure is for a planned hydrologic restoration project, in partnership with the Florida Fish and Wildlife Conservation Commission (FWC), commencing in the morning of Monday, June 4, 2018. To avoid public safety concerns, the Bailey Tract will be closed to all public access for the duration of the restoration project…. This restoration is intended to enhance the hydrology of a portion of the Bailey Tract to benefit a suite of species dependent on the historic cordgrass marsh habitat of Sanibel Island. The restoration will partly restore the hydrology of the affected area by helping to increase groundwater levels, improve surface water capacity, extend the hydroperiod of the marsh, and ultimately restore the freshwater marsh habitat in the affected area.”

Summer/Fall Shell Shows For Travelers

odd shellAs a member of the Sanibel-Captiva Shell Club, I recently got an email which included info on a variety of upcoming shell shows. If you are traveling to any of these locations this summer, you may want to add a show to your itinerary – or plan a trip around a show. (If you’d like more contact info for any of the events, let me know, and I’ll send you the details.)

  • Shanghai Shell Show, Shanghail, China – July 27-29
  • Chatsworth Shell Fayre, Derbyshire, UK – August 18
  • 3rd West Coast Shell Show, San Diego, CA – August 25 & 26
  • Conchologists of America Annual Convention, San Digeo, CA – August 30 to September 3
  • Oregon Shell Show, Salem, OR – August 24 to September 4
  • Annual German Shell Fair – Oehringen, Germany – September 22 & 23
  • North Carolina Shell Show, Wilmington, NC – September 28 to 30
  • XXIII Prague International Shell Show, Prague, Czech Republic, October 20 & 21
  • British Shell Collector’s Club Convention, Essex, England – October 27
  • Sydney Shell Show, Sydney, Australia – October 27
  • Philadelphia Shell Show, Philadelphia, PA – October 27 & 28.

Sanibel & Captiva Islands Multiple Listing Service Activity May 25 to June 1, 2018

Sanibel

CONDOS

2 new listings: Tennisplace #D31 1/1 $229K, Pointe Santo #C34 1/1 $560K.

3 price changes: Island Beach Club #320F 2/2 now $799K, Sundial West #E104 2/2 now $875K, Pointe Santo #E23 2/2 now $950K.

2 new sales: Spanish Cay #D4 2/2 listed at $399K, Sanibel Moorings #1312 2/2 listed at $549K.

2 closed sales: Sanibel Arms #D4 2/2 $525K, Sunset South #7C 2/2 $525K.

HOMES

No new listings.

11 price changes: 1717 Atlanta Plaza Dr 2/2 now $445K; 1027 Sand Castle Rd 2/2 now $499K; 3784 Coquina Dr 3/3 now $579,975; 1190 Sand Castle Rd 3/2 now $595K; 5280 Ladyfinger Lake Rd 3/2 now $798.9K; 9028 Mockingbird Dr 4/3 now $799K; 9027 Mockingbird Dr 4/3 now $849K; 2480 Library Way 3/2.5 now $875K; 1349 Eagle Run Dr 3/2.5 now $1.095M; 534 N Yachtsman Dr 3/2 now $1.238M; 2029 Periwinkle Way 4/3 now $1.69M.

4 new sales: 736 Cardium St 3/2 listed at $439K, 1224 Kittiwake Cir 3/2 listed at $749.9K, 1183 Kittiwake Cir 3/2 listed at $768.9K, 1552 San Carlos Bay Dr 4/5.5 listed at $2.199M.

4 closed sales: 1621 Sand Castle Rd 3/2 half-duplex $557K, 5299 Ladyfinger Lake Rd 3/3 $624K, 727 Birdie View Pt 3/2 $774K, 3320 Saint Kilda Rd 4/2.5 $1M.

LOTS

No new listings, price changes, or new sales.

1 closed sale: 2401 Blue Crab Ct $575K.

Captiva

CONDOS

No new listings

2 price changes: Ventura Captiva #2A 3/3 now $919K, Sunset Captiva #204 2/2 now $1.149M.

No new or closed sales.

HOMES

No new listings.

1 price change: 11525 Chapin Ln 4/4 now $1.499M.

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.

SanCap Aerial 05-19-2018

Photo by Jim Szabo, SanCap Aerials, & borrowed from the City’s website. Taken May 19, 2018 before the islands’ surrounding waters were stirred up from recent rains. Lake “O” water releases are expected to begin soon, if not today. They are just part of the summer routine here. See more info & photos at www.mySanibel.com

Until next Friday, Susan Andrews, aka SanibelSusan

Island Real Estate, Sea Turtles, Freebies, & Other Sanibel Scoop


It was quiet on Sanibel and Captiva Islands this week, but with more gorgeous weather including reports of outstanding shelling thanks to stiff winds last weekend and some super low tides. Roadway and bike path traffic continues – though less of it – from visitors on spring breaks from some northern states that keep getting wintry weather. Here we cherish the balmy breeze days in the 70’s – like this week.

Spring events are in full swing. A few are mentioned below before a report of the action posted in the Sanibel & Captiva Island Multiple Listing Service this week.

Island Sales Statistics Year-to-Year

SanibelSusan loves statistics, so here’s a little info confirming my recent posts about Sanibel homes being the most popular product this year. The 83 Sanibel home closings that have already occurred this year are more than all of the other sales on both islands combined.

 

Closed Sales from January 1 to April 20

Sanibel Captiva
Condos Homes Lots Condos Homes Lots
2016 54 56 15 12 13 2
2017 44 66 15 8 12 1
2018 48 83 5 8 12 0

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.

2018 Sea Turtle Season Has Begun

kemp turtleAs reported on-line by The Sanibel-Captiva Conservation Foundation this week:

“On Monday we had our first sea turtle nest of the 2018 season!

“For only the 3rd time in the history of the SCCF Sea Turtle Program, a Kemp’s ridley sea turtle nested on Sanibel Island! The Kemp’s ridley is one of the smallest and most endangered species of sea turtle in the world. We are beyond thrilled that our first nest of the season was laid by a rare Kemp’s ridley!

“Last year SCCF’s Sea Turtle Program had a total of 684 nests on Sanibel – 650 loggerhead nests and 34 green nests – and 189 nests on Captiva. Both the loggerhead and the green nest counts for Sanibel surpassed previous records. 2017 was the fourth year in a row that Sanibel has broken historic nesting records, so we are hopeful that conservation efforts from the past 20-30 years are starting to pay off and sea turtle nest counts will continue to rise. More information on SCCF’s Sea Turtle Program can be found here.

“Please keep our beaches sea turtle friendly:SCCF logo

  • Turn off or shield all lights that are visible from the beach. Do not use flashlights or cell phone lights on the beach. If necessary, use amber or red LED bulbs.
  • Do not disturb the screens covering nests. They prevent predators from eating the eggs and the hatchlings emerge through the holes without assistance.
  • Remove all beach furniture and equipment from the beach at night.
  • Dispose of fishing line properly to avoid wildlife entanglement.
  • Fill in large holes that can trap hatchlings and nesting sea turtles.
  • Do not disturb nesting turtles – please do not to get too close, shine lights on, or take flash photos of nesting sea turtles.
  • Pick up litter.

“If you have any questions or concerns about nesting or injured turtles please call the SCCF Sea Turtle Hotline at (978) 728- 3663.”

Free “BYOB (Bring Your Own Bag) on May 12

BYOBAs posted on-line at the “Santiva Chronicle” this week:

“Get a BYOB washable canvas bag from Coastal Keepers free of charge, while supplies last, starting at noon May 12 at Bailey’s General Store, 2477 Periwinkle Way.

“On May 12 at Bailey’s General Store, Coastal Keepers will hold an event to reduce the use of disposable plastic bags on our islands and educate locals and visitors about the harm plastic bags cause to our environment.

“More than 100 billion disposable plastic bags are used annually in the United States, making them one of the most common trash items collected on beaches worldwide. Plastic bags have a short usage time and are rarely recyclable, taking 1,000 years or more to decompose. They pose a threat to wildlife as countless animals become entangled or mistake them for food each year.

“The solution to this problem is simple – bringing your own reusable bags when you shop eliminates the need for disposable plastic bags! On May 12 starting at noon, Coastal Keepers and Bailey’s General Store, 2477 Periwinkle Way, will partner to distribute reusable, washable canvas bags for free while supplies last. We invite everyone to come out, grab a bag, and go reusable!

coastal keepers loglCoastal Keepers, formerly the Sanibel-Captiva Chapter of START, operates as an independent branch of Sanibel Sea School to create and implement conservation initiatives that promote and improve the future of marine resources and our coastal heritage. Additional BYOB events are being planned for 2018. For more information about Coastal Keepers, please contact coastalkeepers@sanibelseaschool.org.

Upcoming Events

  • Public Meeting on Blind Pass Inlet Management Study – April 27 at 1:30 p.m. in the Sea Pearl Room at South Seas Island Resort at 5400 South Seas Plantation Rd. Provided by the Lee County Division of Natural Resources. More info about the study at www.leegov.com/naturalresources/blind-pass-2016–inlet-management-plan-study.
  • Annual Seahorse Festival – May 5 from 4 to 7 p.m. at Sanibel Community Park, 2231 Periwinkle Way, hosted by The Sanibel School PTA. With a “taste” theme this year, featuring local restaurants with food, desserts, drinks, raffles, silent auction. Entertainment by Wilder Sons, students performing skits, games, inflatables, & more.
  • Sanibel Sea schoolSanibel Sea School Summer Camp – June 4 to August 24 at three locations: Sanibel Sea School’s Flagship Campus, Sundial Beach Resort, & Canterbury School in Fort Myers. Programs for campers ages 4 to 18. Also space available in Pea-Sized Pufferfish Week, a program for 4- to 6-yr-olds; a coral reef expedition to the Florida Keys for 11- to 12-year-olds; an expedition to Belize for teens 15 to 18, and a variety of camps for 6- to 13-year-olds, each with ocean-related themes. More details at www.sanibelseaschool.org.
  • Captiva yacht clubSummer Junior Sailing ProgramJune 11 to 22 & July 16 to 27. A U.S. Sailing Certified program hosted by the Captiva Island Yacht Club at 15903 Captiva Dr. Open to children ages 8 to 15, of all skill levels. More info at www.captivaiyc/activities/sailing.

Changes Coming to Chamber of Commerce Visitor Center

Sanibel-Island-Captiva-Island-Visitor-Center-Exterior.jpgAs reported in the “Island Sun” this week, announced at the Sanibel & Captiva Islands Chamber of Commerce Annual Meeting last week were plans to renovate the chamber’s Francis P. Bailey, Jr. Visitors Center on Causeway Road. “With work expected to begin in early fall, the visitor center “refresh” will include a redesigned interior that will increase visitor “flow”, incorporate a classic coastal design with enhanced visitor experience integrating technology.”

Average 30-Year Mortgage Rate Rises to 4.47% This Week

associated-press-logoThough most island sales continue to be “as is” and “cash”, we always watch the interest rates because we know that it “only takes one” to make a sale and that “one” may want/or need a mortgage. Here is the Associated Press article that was posted yesterday on-line at FloridaRealtors®.

“Long-term U.S. mortgage rates climbed upward this week, slightly worsening affordability for homebuyers.

“Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 4.47% from 4.42% last week. This benchmark rate averaged 3.97% a year ago.

“With the start of the traditional spring home buying season, people shopping for homes are dealing with higher loan costs and fewer properties for sale. Rising rates could further erode inventories as existing homeowners renovate homes rather than putting them up for sale to avoid a more expensive mortgage that would come with a new house.

“If higher rates lead to fewer homes on the market, it could push prices higher and further squeeze would-be homebuyers.

“”These increasing rates will serve as an added challenge to home shoppers in what is already perhaps the toughest home buying market in recorded history,” said Danielle Hale, chief economist for Realtor.com.

Home borrowing costs have risen in response to higher yields on 10-year U.S. Treasury notes. The interest charged on this form of government debt has risen from 2.78% last week to 2.9% early Thursday.

“The interest paid by the government is up along with the federal budget deficit in the wake of President Donald Trump’s tax cuts and plans by the Federal Reserve to raise short-term borrowing rates for banks.

The average rate on 15-year, fixed-rate loans rose this week to 3.94% from 3.875.”

Apply Now If You Want Flood Insurance Before Hurricane Season

Florida Realtors logoThe Atlantic hurricane season coincides with the Florida rainy season which is June 1 to November 30, so seeing the below article posted yesterday on FloridaRealtors® was a timely reminder that it is just around the corner. If you want flood insurance or need to make a change to your policy, now is the time. See the article and some provider recommendations below:

“Nearly a million property owners filed claims for various insured losses from Hurricane Irma, according to the Florida Office of Insurance Regulation, with estimated insured losses totaling nearly $8 billion. More than 750,000 of the 900,000 claims were made by residential property owners.

“With 1.7 million National Flood Insurance Program (NFIP) policies, Florida has the largest percentage – 35% – of NFIP policies in the entire system. When Irma made landfall Sept. 10, 2017, many homeowners, renters and business owners had flood insurance policies, but many more did not.

“Flooding can occur anywhere, even in low-risk areas. Almost 25% of claims come from areas not considered at high risk for flooding and receive one-third of all federal flooding disaster help.

“Homeowners, renters and business insurance does not typically cover flood damage, making it important for Floridians to buy an NFIP policy now. An NFIP insurance policy becomes effective 30 days after it is purchased. Flood insurance pays policyholders even if there is no federal disaster declaration.

“Floods are the most common and most costly natural disasters in the United States. Without flood insurance, it may be too expensive for owners to repair or rebuild.

“NFIP policyholders have been paid more than $887 million to repair and rebuild since Irma. Many policyholders received up to 50% advance payments–nearly $121 million–to minimize waiting for money to start work.

“By mid-March this year, 97% of the more than 28,000 submitted NFIP claims had been closed, with an average payment of $49,000.

“Homeowners, renters and business owners who live in NFIP-participating communities are eligible to purchase flood insurance through an insurance agent or an insurer participating in NFIP.

“To find out if a community participates in NFIP, ask an insurance agent or go online to fema.gov/cis/FL.html….

“To find an agent who sells flood insurance, contact the NFIP Referral Call Center at 800-427-4661.

For more information on general flood insurance questions, contact your local floodplain administrator, NFIP at 800-427-4661, or your insurance agent….”

Here are the four local insurance providers on SanibelSusan’s Directory of Services & Utilities:

Freebies From SanibelSusan Realty

Sanibelsusan LogoIf you’d like a copy of our directory, mentioned above, just email Susan@SanibelSusan.com. This list was compiled as a courtesy and is updated as we get recommendations. Vendors and service providers are included based on past service to us or our clients.

Also, if you are wondering when SanibelSusan’s next mass mailing of our inventory tables will go out, it will be soon. (With nearly 9,000 copies mailed, it makes our phones ring.) My team is confirming sales and updating our database now, while they also continue each Saturday to update the individual (Sanibel condo, home, lot, & Captiva) tables. To be added to our mailing list to receive a copy in early May (or anytime), just email Susan@SanibelSusan.com. (Easy to email these inventory lists too. ) They show the addresses and prices of the properties for sale now, those under contract, and, for comparison, sales over the last few years too.

Sanibel & Captiva Islands Multiple Listing Service Activity April 13-20, 2018

sancap GO MLS logoSanibel

CONDOS

4 new listings: Seashells #43 2/2 $379K, Mariner Pointe #732 2/2 $489.9K, Mariner Pointe #533 2/2.5 $499K, Loggerhead Cay #143 2/2 $799K.

4 price changes: Loggerhead Cay #313 2/2 now $535K, Mariner Pointe #1052 2/2 now $549.9K, Cottage Colony West #101 1/1 now $624.5K, Loggerhead Cay #214 2/2 now $625K.

1 new sale: Nutmeg Village #313 2/2 listed at $999K.

2 closed sales: Loggerhead Cay #332 2/2 $474.5K, High Tide #B102 2/2 $1.765M.

HOMES

6 new listings: 1827 Middle Gulf Dr 2/2 $549.9K, 1001 Lindgren Blvd 3/2 $899K, 3708 Coquina Dr 3/2 $909K, 829 Birdie View Pt 4/3.5 $1.25M, 725 Donax St 6/2.5 $1.548M, 6071 Sanibel-Captiva Rd 4/3.5 $3.395M.

12 price changes: 9477 Peaceful Dr 3/2 now $509.5K, 1805 Ibis Ln 2/2 now $549K, 1339 Tahiti Dr 3/2 now $669K, 4239 Gulf Pines Dr 3/2 now $695K, 5307 Ladyfinger Lake Rd 3/2 now $635K, 5739 Pine Tree Dr 3/3 now $809K, 5280 Ladyfinger Lake Rd 3/2 now $825K, 501 Lagoon Dr 2/2 now $979K, 1349 Eagle Run Dr 3/2.5 now $1.135M, 1426 Causey Ct 3/2.5 now $1.175M, 2479 Blind Pass Ct 3/2 now $1.199M, 4992 Joewood Dr 3/3.5 now $1.449M.

11 new sales: 6143 Henderson Rd 4/3 listed at $399K, 1938 Roseate Ln 3/2 listed at $499K, 1621 Sand Castle Rd 3/2 half-duplex listed at $565K, 1478 Albatross Rd 3/2 listed at $639K, 4439 Gulf Pines Drive 3/2 listed at $695K, 3320 St. Kilda 4/2.5 listed at $1.049M, 500 Periwinkle Way 3/3 listed at $1.195M, 519 Kinzie Island Ct 3/2.5 listed at $1.195M, 1995 My Tern Ct 4/2 listed at $1.349M, 1033 S Yachtsman Dr 3/3 listed at $1.495M, 411 Bella Vista Way 4/4 half-duplex listed at $2.075M.

6 closed sales: 1040 Sand Castle Rd 3/2 $540K, 1008 Demere Ln 2/2 $607.5K, 1295 Par View Dr 3/2 $640K, 5757 Baltusrol Ct 3/3 $1.497M, 536 Lighthouse Way 4/4.5 $2.85M, 1008 Bayview Dr 4/4.5 $3.5M.

LOTS

No new listings.

1 price change: 412 Tiree Cir now $319,555.

No new or closed sales.

Captiva

CONDOS

1 new listing: Beach Cottages #1408 2/2 $1.195M.

1 price change: Marina Villas #610 2/2 now $699K.

2 new sales: Bayside Villas #5102 1/2 listed at $375K, Lands End Village #1665 2/2 listed at $950K.

No closed sales.

HOMES

No new listings.

1 price change: 11506 Wightman Ln 3/3 now $1.339M.

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.

Until next Friday, here are a couple of fun photos borrowed from Facebook.

Thriller 04-19-18.jpgA mama & baby dolphin photographed this week during a Sanibel Thriller rider (departs from The Sanibel Marina, more info at http://www.SanibelThriller.com).

Plus another Sanibel sunset!

sunset 04-18-18.jpg

TGIF, Susan Andrews, aka SanibelSusan

Sanibel Island Beach at Noon Today, Friday the 13th (April 2018)


 

Wondering how the beach looks? SanibelSusan made a quick stop, just after noon today, at the beach access at the end of Donax Street on Sanibel’s almost east end. As the above photos show, the beach is looking great and being enjoyed. My car said the outside temperature then was 83 degrees F. With a brisk breeze, it was perfect beach weather.

My team and I are continuing to enjoy the change in traffic pattern this week as the islands slow down. The trouble is once Periwinkle Way eases up, so do the real estate phone calls and inquiries. That’s too bad, as now is when it’s often easiest to gain access to the properties that have been occupied all winter.

Sanibel realtors logoAt yesterday’s local Association of Realtors® Caravan Meeting, in addition to many new price reductions, a large number of new listings were announced. It was a full caravan, too.

That’s a bit of an oddity for this time of the year when business typically slows down a little. Hopefully this year with winter weather continuing in many areas, Florida will be more attractive to future prospective property owners.

Shown after a couple of news items below is our weekly report showing the action posted since last Friday in the Sanibel & Captiva Multiple Listing Service.

Florida House Bill 631/Senate Bill 804 – What Are The Facts?

State of FL SealThere have been rumblings the last couple of weeks over House Bill 631/Senate Bill 804 – Possession of Real Property (commonly known as customary use), signed by Governor Scott on March 23. Some folks believe that this bill restricts access to Florida’s beaches. That is not true.

Florida’s Constitution provides that all land seaward of the mean high-tide line belongs to the public. No government entity or private individual or property owner can deny access to it.

Florida Realtors logoPosted on-line yesterday, April 12, Florida Realtors® provided a good explanation of customary use and the beach access issue with the following questions and answers:

“Question: What is “customary use”?

Answer: “Customary use” is a common law term referring to public access to private beachfront property. Generally speaking, beachfront property owners in Florida own the “dry sand” area leading down to the mean high tide line – the line of intersection of the land with the water’s surface at the maximum height reached by a rising tide. The land seaward of that, commonly known as the “wet sand” area, is held by the state in trust for the public.

The process known as customary use allows a local government to adopt an ordinance that allows public access to the private dry sand area of beachfront property where the use has been ancient, reasonable, without interruption and free from dispute. (1974 City of Daytona Beach v. Tona-Rama, 294 So.2d 73 (Fla. 1974)

“Question: Are customary use ordinances new?

Answer: No. The public trust doctrine is embodied in Art. 10, s. 11 of the state’s Constitution. Further, the customary use process has existed in Florida for many decades.

“Question: If customary use is not new, then what does this new law (HB 631) that was passed actually do?

Answer: The previous process for adopting a customary use ordinance was not structured in a way that encouraged active dialogue about the issue between property owners and the local government. The intent of the new law is to allow customary use practices to continue, but in a way that is more transparent, efficient and economical, while requiring active dialogue between local governments and private property owners on the front end to avoid costly legal challenges.

“Question: What was the old customary use process and how does it work now?

Answer: Simply put, prior to this law a local government would evaluate its public beach needs and previous public use, draft a customary use ordinance to address the issues they found, and then vote to adopt that ordinance. Property owners affected by the new ordinance could then pursue a legal challenge if they wished to.

Under the new law, the local government must first hold a public hearing to make the public aware of the new customary use ordinance they want to adopt. They also need to notify every affected property owner of the proposed ordinance in writing, as well as identify the use they are seeking and show evidence of the need of that use. They will then bring the proposed ordinance forward for a judicial determination and must notify affected property owners that they have 45 days from receipt of the notice to intervene in the legal proceedings….

“Question: Is public access to Florida’s beaches cut off under this new law?

Answer: No. The law only changes the process by which a local government would follow to adopt a customary use ordinance.

“Question: I live in a county that has an engineered beach/erosion control line. Does this issue affect me?

Answer: There are 35 coastal counties in Florida. A total of 26 coastal counties have an engineered beach/erosion control line – a jurisdictional boundary established in beach re-nourishment project areas. If you live in one of these counties, then customary use ordinances are highly unlikely for your area.

Nine counties don’t have an engineered beach/erosion control line. These counties are: Walton, Jefferson, Taylor, Dixie, Citrus, Hernando, Pasco, Volusia and Flagler.”

Reducing Your Flood Insurance Cost

femaThe cost of flood insurance often is a consideration to a prospective buyer. Some flood policies allow a new owner to assume the seller’s policy, so it is common for Realtors to ask owners about their insurance costs and the contact information for their insurance carrier. Sometimes we have info about how you may be able to reduce your insurance costs too.

Several years ago, the local Association of Realtors® brought in speakers from a local engineering firm that specializes in services related to flood zone mapping and analysis, flood protection analysis and flood proofing services. Sometimes that engineering work results in a document called LOMR (Letter of Map Revision). To fully understand what a LOMR is, it helps to know about the City’s evolution and how it relates to flood insurance.

Sanibelcityseal logoHere is some background from Sanibel’s on-line 2017 Comprehensive Floodplain Management Plan. (Read the full document at http://www.mysanibel.com/Flood-Information/Comprehensive-Floodplain-Management-Plan )

“The City of Sanibel is a barrier island, located on southern Florida’s Gulf coast. In 1974, the City was in a grassroots effort to gain local control over land development so that the fragile and unique environment of the Island could be preserved and enhanced…. Development within the City is regulated to coexist with nature.

“One of the City’s initial tasks following incorporation was the adoption of the Sanibel Plan (a comprehensive land use plan), which uses the ‘carrying capacity’ concept of land use management to determine the development intensity permitted on the island: the more sensitive the land is to human activity, the less development is permitted. In the City’s very fragile and vulnerable Gulf Beach, Bay Beach and Mangrove Forest Zones, little or no development is allowed. On the higher and less environmentally sensitive ridge areas of the Island, more intense development is permitted.

“Prior to incorporation, Sanibel Island was zoned for the development of over 30,000 dwelling units. After the City was established and the initial Sanibel Plan was adopted in 1976, the projected number of dwelling units to be permitted on the Island dropped to approximately 7,800. After subsequent lawsuits and Plan amendments, the current projected number of dwelling units to be permitted on the Island has been adjusted to approximately 9,000.

“Not only did the City significantly decrease the amount of development permitted on the Island, but the City’s new zoning regulations severely restrained and, in some cases, prohibited development in the Island’s most environmentally sensitive and flood prone areas such as the Bay and Gulf Beach Zones, the Mangrove Forest Zones and the Interior Wetlands Conservation District. By restricting or limiting development in these sensitive and vulnerable areas, the City took a giant step to protect the public health, safety and welfare from flood damage.

“When the Federal Emergency Management Agency (FEMA) established the Community Rating System (CRS) in 1990, the City of Sanibel was one of the first to apply. Due to its historic proactive floodplain management efforts, the City is currently recognized as a Class 5 community by the CRS. Through the CRS program, the City has made a commitment to further improve and enhance its proactive floodplain management efforts through the evaluation and updating of its comprehensive Floodplain Management Plan (FMP).

“The purpose of the Sanibel FMP is to reduce or eliminate risk to people and property from flood hazard and has been developed to meet CRS criteria for such planning documents and incorporates the primary goals of the CRS to reduce flood losses, facilitate accurate insurance ratings, and promote the awareness of flood insurance. The plan includes existing and new mitigation activities, to prioritize mitigation activities and on-going activities to meet the City’s floodplain management goals. The City of Sanibel has implemented its Comprehensive Floodplain Management Plan since the initial adoption of that plan in 1995. This 2005 Floodplain Management Plan assesses updates and clarifies that plan and provides direction for future actions. On May 3rd, 2016, the Sanibel City Council established a City of Sanibel Floodplain Management Planning and Mitigation Advisory Committee to the City of Sanibel to organize and prepare the Floodplain Management Plan. Under the Community Rating System (CRS), there is an incentive for communities to do more than regulate new construction. The CRS provides a reduction in flood insurance premiums to reflect activities that reduce flood damage to existing buildings, protect new buildings beyond the minimum NFIP protection level, and help residents obtain flood insurance.

“…The largest potential impact in hazard assessment of the 100-year storm is Base Flood Elevation (BFE) requirements from the FEMA maps. In November 2014, FEMA notified the City of Sanibel that it is analyzing coastal wave action in the Gulf of Mexico as part of its Risk Mapping, Assessment & Planning (Risk MAP) program. This analysis will be used to create new elevation data for Flood Insurance Rate Maps (FIRMs). Preliminary maps are anticipated to be distributed in 2018. Previous maps included Zone VE, where the flood elevations include wave heights equal or greater than 3 feet; and Zone AE, where the flood elevation includes wave heights less than 3 feet….

“By joining the NFIP in 1979 and requiring new construction to be built above the Program’s base flood elevation, development that has occurred on Sanibel since that time is relatively safe from flood damage in all but the very worst-case storm events….”

So how does this relate to a LOMR? In floodplain lingo, a Letter of Map Revision or LOMR is FEMA’s modification to an effective Flood Insurance Rate Map (FIRM) or Flood Boundary and Floodway Map (FBFM) or both.

Why do you want your property to be included in a LOMR? Because it may mean that your property is now located in a flood zone that is less likely to flood, so less costly to insure. The property didn’t move, but the likelihood of flooding occurring may have lessened because of nearby construction, shift in the land, and changes in the weather, that could affect wind and wave action.

In recent years, many island condo complexes and communities have hired engineering firms to determine if their locations could be candidates for LOMRs. The process can be costly and lengthy, but in many cases has achieved great results – and huge savings in flood insurance. Posted at on the City’s website at http://www.mysanibel.com/Flood-Information/LOMR-Letters-of-Map-Revision are recent revisions.

If your property is near one of these locations, particularly if it is landward of one of them, go to the link for that LOMR. There, you will see the letter that FEMA sent to the City identifying the area of change. The last page(s) of each document list by STRAP numbers & owners names, all of the properties affected by the that document. If yours is included, it may be worth a phone call to your insurance provider, as they may not be aware of the change. The LOMRs currently posted on the City’s site are:

  • West Wind Inn – 3345 West Gulf Dr
  • Beachcomber condo – 635 East Gulf Dr
  • 1243 Par View Dr
  • Pointe Santo condo – 2445 West Gulf Dr
  • Sanibel Seaview condo – 727 East Gulf Dr
  • Island Beach Club condo – 2265 West Gulf Dr
  • Beachview Cottages – 3325 West Gulf Dr
  • Dosinia condo – 3339 West Gulf Dr
  • Sandalfoot condo – 671 East Gulf Dr
  • Island Inn – 3111 West Gulf Dr
  • Loggerhead Cay condo – 679 East Gulf Dr
  • Sanibel Arms West condo – 827 East Gulf Dr
  • Casa Ybel Resort – 2255 West Gulf Dr
  • Tanglewood condo – 1101 to 1104 Seagrape Ln
  • Sunset Beach hotel – 3287 West Gulf Dr
  • Gulfside Place condo – 1605 Middle Gulf Dr
  • 5125 Joewood Dr
  • Sundial East condo – 1401 Middle Gulf Dr
  • Sunset South condo – 1341 Middle Gulf Dr
  • Sundial of Sanibel Bldg E & K – 1501 Middle Gulf Dr

To find your property’s FEMA map location, go to https://msc.fema.gov/portal/search

2018 Hurricane Seminar

hurricane-symbol-blue-hiThe same day last week as the City seminar about the 2018 hurricane season, forecasters projected that the upcoming 2018 season may be busier than usual. As a fan of the City’s official weather consultant, Dave Roberts, it was interesting to read that he said hurricanes can happen during any month of the year when certain conditions are present. One of those is that water temperatures need to be about 80 degrees. (Right now, the gulf is about 77, 78 degrees.) According to Roberts, due to La Nina weather conditions, Atlantic Ocean water temperatures currently are one degree above average. “That’s something to be worried about,” he said.

Roberts also stressed the importance of heeding calls for an evacuation especially when powerful storm surges are expected. “I can tell you that a 15’ storm surge is very unlikely, but a 3’ to 5’ storm surge can happen. Believe me, you don’t want to get caught in that because one foot of standing water can move an SUV….”

Here’s hoping that if we are prepared, no storms will come.

Upcoming Events

ding darling48th Earth Day Celebration at J.N. ‘Ding’ Darling Wildlife Refuge, Saturday, April 21:

  • 7 a.m. to 4 p.m. – Wildlife Drive free to bikers/hikers, $5 per motor vehicle
  • 8 a.m. to 4 p.m. – Free bike rentals at Tarpon Bay Explorers
  • 9:30 a.m. – Bike refuge tour (4 miles)
  • 10 a.m. to 2 p.m. – Earth-friendly crafts in Refuge Visitor & Education Center
  • 1 p.m. – See free film STRAWS

Sanibel School Fund Blue Ribbon Golf Classic at The Sanctuary, Saturday, May 12. Call Christian at 917-763-6824 for more info/tickets.

Reminder About Watering

Lee County_logoAfter experiencing below-average rainfall from November through March, residents and visitors are reminded of Lee County’s year-‘round water conservation ordinance. It prohibits irrigation between the hours of 9 a.m. and 5 p.m. Irrigation outside of these hours is limited to Thursdays and Sundays for even-numbered addresses and Wednesdays and Saturdays for odd-numbered addresses

Sanibel & Captiva Islands Multiple Listing Service Activity April 6-13, 2018

sancap GO MLS logoSanibel

CONDOS

3 new listings: Tennisplace #A34 2/1.5 $339.9K, Sanibel Moorings #1631 2/2 $615K, Sanddollar #A104 2/2 $849K.

8 price changes: Sanibel Moorings #141 1/1 now $450K, Sanibel Moorings #1611 2/2 now $499K, Blind Pass #B209 2/2 now $569K, Sunset South #6A 2/2 now $599K, Sandpiper Beach #506 2/2 now $719K, Nutmeg Village #205 2/2 now $745K, Sunset South #1A 2/2 now $749.9K, By-The-Sea #C102 2/2 now $1.249M.

6 new sales: Sanibel Arms #D4 2/2 listed at $549K, Sandalfoot #3C1 2/2 listed at $729K, Kings Crown #312 2/2 listed at $799K, Tarpon Beach #206 2/2 listed at $799K, Surfside 12 #A4 3/2 listed at $819K, High Tide #C201 2/2 listed at $989K.

7 closed sales: Tennisplace #E33 2/1 $285K, Mariner Pointe #241 2/2.5 $615K, Sundial West #J307 2/2 $738K, Sundial West #F201 2/2 $795K, Sanibel Arms West #D5 2/2 $845K, High Tide #C101 2/2 $885K, Sanctuary Golf Villages I #3-6 3/3 $968.5K.

HOMES

6 new listings: 1621 Sand Castle Rd 3/2 half-duplex 3/2 $565K, 5303 Umbrella Pool Rd 3/2.5 $599K, 223 Daniel Dr 3/3 $898K, 829 Pyrula Ave 3/3 $1.149M, 2414 Wulfert Rd 4/4.5 $1.849M, 2564 Wulfert Rd 4/5.5 $2.149M.

16 price changes: 1717 Atlanta Plaza Dr 2/2 now $455K, 3837 Coquina Dr 2/2 now $699K, 1325 Par View Dr 3/3 now $739K, 1521 Wilton Ln 3/2 now $759.5K, 950 Cabbage Palm Ct 3/2 now $799K, 1350 Middle Gulf Dr 3/3 half-duplex now $885K, 4460 Waters Edge Ln 3/2 now $878K, 938 Pecten Ct 3/2.5 now $1.099M, 5411 Osprey Ct 3/2 now $1.099M, 1349 Eagle Run Dr 3/2.5 now $1.145M, 1126 Harbour Cottage Ct 3/2 now $1.249M, 1525 San Carlos Bay Dr 4/2 now $1.495M, 2984 Wulfert Rd 3/3 now $1.65M, 2564 Wulfert Rd 4/5.5 now $2.1495M, 3009 Turtle Gait Ln 4/4.5 now $2.795M, 1238 Isabel Dr 5/3/2 now $3.374M.

9 new sales: 813 Rabbit Rd 2/2 half-duplex listed at $399K, 3043 Poinciana Cir 4/2 listed at $525K, 1283 Par View Dr 2/2 listed at $574K, 887 Casa Ybel Rd 5/3 duplex listed at $575K, 1582 Sand Castle Rd 3/2 listed at $649K, 236 Hurricane Ln 2/3 listed at $689K, 678 East Rocks Dr 3/2 listed at $829K, 529 Lighthouse Way 3/3 listed at $1.22M, 805 Sand Dollar Dr 4/3 listed at $1.295M.

8 closed sales: 340 East Gulf Dr 2/2 $515K, 1625 Sand Castle Rd 3/3 half-duplex $575K, 474 Lake Murex Cir 3/2 $655K, 924 Beach Rd 3/2 $875K, 748 Windlass Way 3/3 $1.1M, 2629 Coconut 2/3 $1.15M, 2939 Wulfert Rd 5/5/2 $1.275M, 1083 Bird Ln 4/2.5 $3.675M.

LOTS

No new listings.

3 price changes: 976 Whelk Dr now $679K, 6000 White Heron Ln now $749K, 1226 Isabel Dr now $1.849M.

1 new sale: 2401 Blue Crab Ct listed at $679K.

1 closed sale: 6027 Dinkins Lake Rd $215K.

Captiva

CONDOS

1 new listing: Beach Villas #2423 1/1 $545K.

1 price change: Beach Villas #2414 2/2 now $640K.

No new or closed sales.

HOMES

No new listings.

3 price changes: 14860 Mango Ct 5/4 now $1.794M; 11535 Wightman Ln 4/4 now $1,999,999; 11523 Andy Rosse Ln 5/5.5 now $2.499M.

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.

Until next week, here’s hoping your Friday the 13th has been lucky & you get to the beach this weekend!

Here’s one more photo from today. TGIF!

Susan Andrews, aka SanibelSusanIMG_5541

Sanibel & Captiva Islands Gulf/Bay Waters & 1st Quarter Real Estate Stats


SusanSusan here reporting the end of another week of gorgeous weather with the island thinning out a little as snowbirds continue to depart and “season” activities wrap up. Many locals and visitors have noticed this week that the water around the islands is beautiful, both gulf and bay side – a brilliant clear teal blue. Seeing the water like that in the spring makes one wish the summer rainy season would stay away, but it’s an inevitable part of the Florida weather cycle.

Beach

In another few weeks, regular afternoon showers will begin with the first of the afternoon puffy popcorn-like clouds already appearing occasionally, though mostly inland.

chateau 8 07-17

 

Sanibel/Captiva Real Estate

Now that first quarter is over, I always like to compare the activity from one year to the next to confirm that what the market seems to be indicating is true. Below is this year’s real estate action, compared to 2016 and 2017:

Sold/Closed Sales 1st Quarter
2016 2017 2018
 

#

Avg Sale Price $ Avg DOM  

#

Avg Sale Price $ Avg DOM  

#

Avg Sale Price $ Avg DOM
SANIBEL
Condos 38 709,628 190 32 732,686 219 34 765,668 118
Homes 44 966,872 191 58 1,047,638 138 63 1,263,989 160
Lots 6 365,333 269 11 389,074 354 3 247,333 238
CAPTIVA
Condos 4 831,125 285 10 432,600 214 11 911,783 190
Homes 8 4,096,250 309 6 2,161,667 116 9 2,462,500 169
Lots 1 1,549,000 386 1 1,925,000 294 0 N/A N/A

DOM = days on market

On Sanibel, closings indicate that homes continue to be the predominate product, with both condo and home prices on the rise. With the winter months being when the most high-end buyers are on island, it makes sense that larger more-luxurious more-expensive properties sell then.

This year, it may be surprising to see the jump in the number of closings that are posted this month and in May, since sales activity didn’t pick up until later than usual this year. Perhaps that’s related to the stock market, new tax laws, or something else. Those in the real estate business are happy that it did improve, now we hope that it doesn’t trickle off with folks leaving.

As a listing agent, an important consideration always is remaining inventory or the competition. It can provide insight into how long it may take for listings to sell, particularly at this time of the year when the next wave of prospective buyers is expected to be those who may think they can get a great deal buying post-season and before hurricane season. The below table shows the same details as the table above, but this one shows the properties currently for sale and under contract, on both Sanibel & Captiva.

Inventory as of April 6, 2018
Under Contract Without Contingencies, Awaiting Closing Under Contract With Contingencies Available

For Sale

 

#

Avg Asking Price $ Avg DOM  

#

Avg Asking Price $ Avg DOM  

#

Avg Asking Price $ Avg DOM
SANIBEL
Condos 5 1,056,100 85 25 759,076 193 104 804,055 181
Homes 19 2,016,526 125 37 1,100,088 109 192 1,431,145 168
Lots 1 239,800 278 1 59,000 413 67 646,683 363
CAPTIVA
Condos 1 2,095,000 182 0 N/A N/A 38 1,414,843 199
Homes 0 N/A N/A 3 2,696,000 418 47 3,209,702 249
Lots 0 N/A N/A 0 N/A N/A 3 4,264,667 117

Again, the data confirms that Sanibel homes are the hot commodity and indicates that it is the pricier larger ones that are moving. Many of us have buyers just waiting for the right gulf-front pool home. There haven’t been many of those for sale. Not of enough of those exist on Sanibel, which probably is what has caused the bay-front pool home market to get lots of action in the last few weeks. With 192 Sanibel homes for sale, 63 closing first quarter, and another 56 under contract, there still are a lot of homes for sale – probably better than a year’s worth of inventory in my estimation.

With Sanibel condos having 34 sales first quarter and another 30 under contract, seeing 104 on the market, probably means that’s close to a year’s worth of inventory too. I bet we see fewer condo sales than we usually do this summer, but I hope I’m wrong.

The time to move island lots and Captiva properties are tough to guess-timate because those markets are so small, specialized, and varying in price. Captiva condo statistics can be skewed too, because the 33 gulf-front Beach Home properties (priced as high as $4+million) and 68 units Land’s End Village units within South Seas Resort are home-like but are in condo associations.

So, our hopes are that brisk sales continue. Many of our winter listings have sold or are under contract, so we are looking for new listings and working hard to get our remaining listings sold. Our focus shifts to getting showings at the properties that could not be viewed “in season” due to paying guests and promoting them to agents who have not shown them, as well as reminding those who have shown previously that they still are available.

Teammate Dave held several Open Houses this week, unfortunately with little traffic, probably because of the beautiful weather. The action posted in the Sanibel & Captiva Multiple Listing Service this week follows a couple of news items below.

Leaving LIBOR, Say Hello to SOFR

miami herald logoAn interesting article was posted on-line by the “Miami Herald” last Friday, March 30, 2018. It’s by Tom Hudson who hosts “The Sunshine Economy” on WLRN-FM; @HudsonsView.

“If you have a home equity line of credit, private student loan, commercial mortgage or business loan, your payment may be tied to LIBOR. The London Interbank Offered Rate serves as the starting point for figuring out how much borrowers owe. But the interest rate underpinning trillions of dollars of loans will be changing.

“In the week ahead, the Federal Reserve Bank of New York begins publishing the SOFR. The Secured Overnight Financing Rate aims to be more reliable and less contrived. It also begins a new chapter in the massive move away from LIBOR and its lock as a fundamental price of borrowed funds.

“Deep inside most variable interest rate loan documents is LIBOR. Since the 1980s, lenders have leaned on LIBOR as the gauge to set other market interest rates. As LIBOR moves, so moves repayment costs. But it is an imperfect reflection of the cost of cash.

“LIBOR isn’t based on actual borrowing. It is a daily poll of banks, asking them what they think would be the cost to borrow from each other without using any collateral. Those are unsecured loans, and fewer banks are conducting business like that. So, the poll has become less accurate. And since it’s a survey of expected costs, not actual costs, the poll is vulnerable to manipulation. A dozen banks have paid billions of dollars in fines for rigging LIBOR rates.

“LIBOR lied. The benchmark is broken.

“Over the past four years a group of bankers, financiers and American regulators have been working toward a new reference rate. That rate, the SOFR, makes its debut Tuesday morning. It differs from LIBOR in two significant ways; It will be based on actual lending rates between banks, and it will be based on loans using US Treasuries as collateral — a more common practice than LIBOR’s unsecured loans.

“The introduction of what may become the new benchmark is far from complete. Whereas LIBOR rates include different durations ranging from overnight loans to those lasting one year, the SOFR is solely short-term money — one day.

“New variable interest rate loans likely will include references to SOFR as the new standard. Other loans may include fallback language allowing them to swap the old benchmark for a new one.

“This may seem like an arcane action by the financial industrial complex, but with trillions of dollars of consumer and business loans tethered to LIBOR, a smooth and orderly transition to a new interest rate benchmark is vital for the American economy.”

Is A Seller’s Disclosure Required?

Florida Realtors logoHaving served on the state Contract and Forms Content Committees many times, I often find that I can be too close to this question. The following article was posted on-line this week by Attorney Joel Maxson who is Director of Member Legal Services at Florida Realtors®. Joel also manages the Realtors’ Legal Hotline.

Florida is a full-disclosure state, but I have found that often when a property is not the primary residence of the seller or is a rental investment property, the seller does not always know of the property defects. Here is Joel’s posting from April 2, 2018:

“Based on what we hear on Florida Realtors Legal Hotline, most residential sellers are content to complete the Florida Realtors Seller’s Property Disclosure – Residential form (SPDR) around the same time they enter into a listing agreement. However, every now and then, a seller will balk at the idea of completing this form, prompting a member to ask what Florida law requires regarding disclosures.

“Although sellers aren’t required to complete this specific SPDR form, a residential seller does have to comply with the rule established in Johnson v. Davis. In that case, the Florida Supreme Court held that “where the seller of a home knows of facts materially affecting the value of the property which are not readily observable and are not known to the buyer, the seller is under a duty to disclose them to the buyer.” These material facts are sometimes referred to as latent defects.

“In addition, in Rayner vs. Wise Realty Co. of Tallahassee, the First District Court of Appeal provided that this same disclosure requirement applies to residential properties that are being sold as is.

“Sellers can make this disclosure in writing or verbally, although Florida Realtors attorneys recommend that it be made in writing.

“Realtors should note that the SPDR contains safeguards to ensure the seller completes the form – not the associate or broker. As a reminder to all parties, the first line of the SPDR provides “Notice to Licensee and Seller: Only the Seller should fill out this form.”

“As a separate but related issue, some brokerage companies may require that certain documents (like a seller’s property disclosure) be maintained in a file, so associates should always ensure they understand and comply with any specific requirements their company may have.”

Sanibel & Captiva Islands Multiple Listing Service Activity March 30 – April 6, 2018

sancap GO MLS logoSanibel

CONDOS

12 new listings: Casa Blanca #2 2/1 $379K, Sundial #F205 1/1 $429K, Sanibel Arms #D4 2/2 $549K, Mariner Pointe #1052 2/2 $565K, Sanibel Siesta #306 2/2 $599.5K, Sunset South #6A 2/2 $619K, Sanctuary Golf Villages I #2-5 2/2.5 $759K, Tarpon Beach #206 2/2 $799K, Sundial East #N403 2/2 $889.5K, Compass Point #102 3/2 $1.295M, Bougainvillea #B 3/3 $1.299M, Villas of Sanibel #A102 3/3 $1.495M.

3 price changes: Mariner Pointe #122 1/1 now $399K, Sanibel Moorings #941 2/2 now $524.9K, Gulfside Place #323 2/2 now $1.298M.

3 new sales: Loggerhead Cay #422 2/2 listed at $535K, Sunset South #7C 2/2 listed at $569.5K, Tamarind #B302 2/2 listed at $1.789M.

5 closed sales: Sanibel Moorings #212 1/1 $415K, Loggerhead Cay #264 2/2 $580K (our listing), Surfside 12 #A1 3/2 $790K, Sandpiper Beach #302 2/2 $835K, Gulfside Place #222 2/2 $1.05M (our sale).

GSP 222 view 2018-04

Gulfside Place #222 view

HOMES

7 new listings: 1851 Farm Trl 3/2 $629K, 1339 Tahiti Dr 3/2 duplex $679K, 247 Daniel Dr 3/2.5 $939K, 641 Lake Murex Cir 4/3 $1.125M, 1349 Eagle Run Dr 3/2.5 $1.155M, 872 Limpet Dr 3/3 $1.849M, 1324 Seaspray Ln 3/3 $1.899M.

9 price changes: 317 East Gulf Dr 3/2 half-duplex now $565K; 3784 Coquina Dr 3/3 now $595,995; 1357 Tahiti Dr 2/3 duplex now $629K; 978 Black Skimmer Way 3/2 now $695K; 5410 Osprey Ct 3/2.5 now $749K; 1545 Sand Castle Rd 4/3.5 now $1.149M; 735 Sand Dollar Dr 3/3 now $1.279M; 1743 Venus Dr 4/3.5 now $1.629M; 411 Bella Vista Way 4/4 half-duplex now $2.075M.

8 new sales: 1004 Spanish Laurel Ln 2/2 listed at $598K, 1190 Sand Castle Rd 3/2 listed at $625K, 5307 Ladyfinger Lake Rd 3/2.5 listed at $645K, 1020 White Ibis Dr 3/3 listed at $649K, 1450 Sand Castle Rd 3/2 listed at $749.9K, 852 Lindgren Blvd 4/3 listed at $1.159M, 1475 Angel Dr 3/4.5 listed at $1.549M, 1083 Bird Ln 4/2.5 listed at $3.999M.

6 closed sales: 3021 Singing Wind Dr 3/2 $485K, 1169 Sand Castle Rd 3/2 $650K, 601 Sea Oats Dr 3/2 $659.9K, 4960 Joewood Dr 3/3 $975K, 940 Spoonbill Ct 3/2.5 $1M, 747 Windlass Way 4/3.5 $2.25M.

LOTS

No new listings, price changes, or new sales.

1 closed sale: 1312 Eagle Run Dr $290K.

Captiva

CONDOS

No new listings.

2 price changes: Lands End Village #1665 2/2 now $950K, Beach Homes #25 3/2 now $1.995M.

No new sales.

1 closed sale: Bayside Villas #5144 1/2 $370K.

HOMES

No new listings.

1 price change: 11559 Laika Ln 2/2 now $5.5M.

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.

happy weekendUntil next Friday, enjoy your week…

Susan Andrews, aka SanibelSusan

 

Another Friday On Sanibel


A steady increase in traffic is noticeable here on the island, which we expect to continue through Easter. The weather has been great this week, but an additional cold front is expected to arrive this weekend and is due to stay around all next week. Wednesday morning low looks to be in the 30’s.

Sanibelcityseal logoBoat Ramp Rehabilitation Project Complete

The City of Sanibel Boat Ramp Rehabilitation project is complete and now open to the public. The project consisted of removal and replacement of the deteriorated concrete boat ramp. The completed boat ramp includes modified slopes for improved boating access and a new v-groove pattern for added vehicle traction. The dock walkways were widened and a railing added for safety. Parking at the boat ramp is available as paid hourly or through a valid Sanibel “C” parking pass.

Sanibel & Captiva Multiple Listing Service Activity January 5-12, 2018

Sanibel

CONDOS

4 new listings: Sundial West #J307 2/2 $759K, Surfside 12 #A1 3/2 $799K, Sanibel Arms West #D5 2/2 $849K, By-The-Sea #B202 2/2 $1.249M.

6 price changes: Lighthouse Point #220 2/2 now $450K, Mariner Pointe #521 2/2 now $475K, Sanibel Arms West #H2 2/2 now $499K, Mariner Pointe #1061 2/2 now $589.9K (our listing), High Tide #C101 2/2 now $939K, Gulfside Place #123 2/2 now $1.248M.

1 new sale: Blind Pass #D105 2/2 listed at $419K.

4 closed sales: Sundial West #G105 1/1 $425.1K, Loggerhead Cay #153 2/2 $870K, Sanibel Moorings #1221 3/2.5 $965K, By-The-Sea #9 3/2 $1.749M.

HOMES

8 new listings: 6143 Henderson Rd 4/3 $489K, 1169 Sand Castle Rd 3/2 $679K, 1550 Centre St 4/3 $725K, 1245 Anhinga Ln 3/2 $875K, 938 Pecten Ct 3/2.5 $1.195M, 569 Lighthouse Way 3/3 $1.395M (our listing), 4641 Belle Mer 3/2.5 $3.295M, 1310 Seaspray Ln 4/4 $5.795M.

6 price changes: 3784 Coquina Dr 3/3 now $625K, 9446 Beverly Ln 3/3.5 now $874.5K, 1470 Angel Dr 3/2 now $920K, 5402 Osprey Ct 4/3 now $1.025M, 1672 Hibiscus Dr 3/2 now $1.249M, 2167 Starfish Ln 4/4.5 now $1.975M.

8 new sales: 9292 Kincaid Ct 3/2 listed at $489K, 5301 Ladyfinger Lake Rd 3/2 listed at $649K, 1323 Par View Dr 3/2 listed at $649K, 1513 Sand Castle Rd 3/2.5 listed at $689K, 1314 Par View Dr 3/2 listed at $800K, 1341 Sand Castle Rd 3/2 listed at $845K, 1035 Kings Crown Dr 4/3 listed at $1.7495M, 547 Kinzie Island Ct 4/4.5 listed at $1.789M.

4 closed sales: 1312 Par View Dr 3/2 $685K, 700 Nerita St 3/2 $675K, 932 Whelk Dr 3/3 $1.15M, 3869 West Gulf Dr 6/7/2 $7.8M.

LOTS

7 new listings: 1313 Par View Dr $365,555; 809 Pyrula Ave $475K; 217 Violet Dr $575K; 3304 Saint Kilda Rd $699K; 6000 White Heron Ln $169K; 0 Sawgrass Pl $949K; 1321 Seaspray Ln $995K.

3 price changes: 2486 Wulfert Rd now $169K, 0 Island Inn Rd now $279K, 5251 Indian Ct now $729K.

No new or closed sales.

 Captiva

CONDOS

1 new listings: Beach Villas #2621 2/2 $650K.

No price changes or new sales.

3 closed sales: Sunset Captiva #201 2/2 $830K, Beach Homes #7 2/2 $1.4M, Beach Homes #8 4/3 $2.35M.

HOMES

1 new listing: 10 Sunset Captiva Ln 2/2.5 $989K.

1 price change: 11509 Chapin Ln 4/4 now $2.149M.

2 new sales: 15154 Wiles Dr 4/3 listed at $1.495M, 16167 Captiva Dr 4/3 listed at $1.595M.

1 closed sales: 14865 Mango Ct 2/2 $850K.

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.

Have a Great Weekend!

Elise for The SanibelSusan Team

Happy New Year From Sanibel


We have enjoyed another week of nice weather here on Sanibel. Today and into the New Year we are expecting a “cool front” with morning lows in the 50’s (later next week to be in the 40’s) & the afternoons warming to the mid 60’s, low 70’s. Lots of people this week, walking, biking, & filling up the roads. Here at the office we know when it is 3:30, as the cars are stopped on the road out front.

polar bear plungeNew Year’s Day Polar Bear Plunge

On Monday, January 1, the Sanibel-Captiva Chapter of the National Polar Bear Club will hold its 18th annual meeting at “the crack of noon” at Tarpon Bay Beach (the south/gulf end of Tarpon Bay Road). The meeting will begin with the singing of the traditional Polar Bear anthem by the Cubbies (first-timers), Juveniles (one-time previous dippers) and seasoned Adult bears (those who took the plunge in previous years). Following the anthem, the Polar Bears will enter the “icy” gulf waters. Everyone is welcome. Chairs and coolers are optional.

Sanibel Library Earns Award

sanibel libraryThis year marks the fourth time the Sanibel public library has been recognized as one of the best libraries in the country by Library Journal. The rating is based on the number of people walking through the library’s doors, number of program attendees and the number of books checked out. The rating is also based on electronic material.

“Ding” Darling Announces 2018 Film Series

ding darlingThe sixth annual “Ding” Darling Wednesday Film Series kicks off its bi-weekly showings this winter with a schedule of seven films that explore natural facets from pollinators and coral to wild Florida and the war on coal. It runs Jan. 10 through April 4.“Ding” Darling Wildlife Society-Friends of the Refuge hosts the free film showings in the “Ding” Darling Visitor & Education Center with sponsorship from Sanibel-Captiva Beach Resorts. Seating is limited and on a first-come basis.

Below are the season’s scheduled films. All films begin at 1 p.m. except the Jan. 24 film, which airs at 10a.m. A short discussion will follow each film to allow visitors to gain more from their documentary-viewing experience by listening to other people’s points of view and analyzing what they just watched. For full descriptions of the films, please visit www.dingdarlingsociety.org

Jan. 10 – Wings of Life

Jan. 24 – Tapped

Feb. 7 – From the Ashes

Feb. 21 – Chasing Coral

March 7 – The Forgotten Coast: Return to Wild Florida

Mach 21 – Mission Blue

April 4 – STRAWS

Sanibel & Captiva Multiple Listing Service Activity December 22-29, 2017

Sanibel

CONDOS

1 new listing: Sundial West #F308 1/1 $439K.

No price changes.

3 new sales: Sanibel Moorings #1221 3/2.5 listed at $1.095M, White Sands #32 2/2.5 listed at $1.095M, Bandy Beach #A101 3/2 listed at $1.299M (our Buyer).

1 closed sale: Captains Walk #A8 2/2 $347K.

HOMES

2 new listings: 5299 Umbrella Pool Rd 3/2.5 $539K, 5411 Osprey Ct 3/2 $1.295M.

2 price changes: 563 Hideaway Ct 3/2 now $699K, 4460 Waters Edge Ln 3/2 now $898K.

3 new sales: 1394 Middle Gulf Dr half-duplex listed at $524.9K, 1943 Sanibel Bayou Rd 3/3 listed at $649.9K, 5743 Baltusrol Ct 3/3/2 listed at $1.495M.

6 closed sales: 1390 Middle Gulf Dr 3/3 half-duplex $430K, 1187 Sand Castle Rd 3/2 $635K, 2030 Sunrise Cir 3/3 $605K, 1195 Par View Dr 3/2.5 $1M, 519 Kinzie Island Ct 3/2.5 $1.25M, 750 Periwinkle Way 5/4 $1.49M.

LOTS

2 new listings: 4538 Bowen Bayou Rd $258K, 1817 Long Point Ln $399,555.

2 price changes: 5116 Sea Bell Rd now $169.5K, 5126 Sea Bell Rd now $169.5K.

No new or closed sales.

 Captiva

CONDOS

No new listings or price changes.

1 new sale: Captiva Shores #4B 3/2.5 listed at $1.495M.

No closed sales.

HOMES

4 new listings: 41 Oster Ct 2/2.5 $1.085M, 16163 Captiva Dr 3/2 $2.795M, 1124 Longifolia Ct 4/5 $4.3M, 15867 Captiva Dr 3/3.5 $4.895M.

No price changes.

1 new sale: 11526 Laika Ln 4/4 duplex listed at $1.749M.

No 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.

happy new year

Happy New Year!

Elise for The SanibelSusan Team

Merry Christmas from Sanibel


It’s been a beautiful weather week, some fog in the early mornings, but with sunny skies every day. The Christmas Eve & Christmas Day forecasts look just as nice & sunny.

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoAs a reminder, there was no Realtor® Caravan this week, but the every-Thursday-morning schedule begins again on Dec 28 with a West Caravan.

ding darling goose logoFree Refuge Programs and Tours Begin In January 

This year, JN “Ding” Darling National Wildlife Refuge adds a new Horseshoe Crab program to its calendar of daily free tours and activities. The seasonal calendar of free programs and tours begins on Tuesday, January 2 and runs through April 8. Daily programs begin at 8:30 a.m. and include programs such as Nature Photography, Beach Walk, Birds of Prey, and Indigo Trail Walk. They have something for visitors of all ages and the programs/tours last anywhere from a half hour to two hours. For a full calendar of programs/tours and descriptions, visit http://www.dingdarlingsociety.org

henderson-franklinRent Tax Reduced Beginning January 1, 2018

Here is an article written by Henderson Franklin, Attorneys at Law:

The Florida Legislature recently delivered a small win for the business community with Florida House Bill 7109. Effective January 1, 2018, Florida Statute 212.031(1)(c) is amended by lowering the sales tax levied against commercial tenants from 6% to 5.8%. A more significant decrease would have been better, but commercial tenants will take what they can get, we suspect. The tax – known as the Business Rent Tax or “the BRT” – affects commercial tenants including retail, office space, and industrial tenants.

What is the BRT?

The Florida Legislature enacted the BRT in 1969, declaring that the business of renting, leasing, letting or granting a license for the use of commercial real property is a “taxable privilege.” In part because Florida has no personal income tax, the state government relies on sales taxes, including the BRT, as a significant source of revenue. Many local governments also impose a local option sales tax on top of the state BRT.

Florida is the only state to levy a statewide tax against commercial tenants, and thereby creates a competitive disadvantage for Florida businesses that lease rather than own their commercial space.

House Bill 7109

Florida’s BRT is unique from a national perspective in two respects: not only is it the only standard, statewide sales tax on commercial real estate rents, but unlike other corporate taxes, it is not pegged to profitability. As a result, the BRT significantly raises occupancy costs on all commercial tenants, regardless of their financial condition. New and/or struggling businesses in Florida may have the greatest difficulty with the burden this tax creates, and these businesses are likely to benefit the most from the tax relief in House Bill 7109.

Takeaway

Many voices within Florida’s business community have pushed for years for steep cuts to the BRT and, beginning in 2018, start to see their lobbying efforts bear fruit. Considering the significant impact the tax has on occupancy costs, the BRT should continue to be the subject of considerable debate in Tallahassee. As with all tax matters, please consult with your tax professional.

homesteadYou Can Inherit A Home, But You Can’t Inherit Taxes

Here is a helpful article posted at FloridaRealtors®. This one on Dec 18, 2017 is credited to Marty Kiar, Broward County property appraiser.

“The family home often passes from generation to generation as parents pass on, but Broward County’s property appraiser says he often gets a similar question the following year: Why did my property taxes go up so much?

“This happens when the decedent’s Homestead Exemption is removed the year following their passing and the Save Our Homes value is reset,” says Broward’s Marty Kiar. While alive, the parents had a cap on the amount their property taxes could go up each year thanks to Florida’s homestead exemption.

However, that protection ends and the house’s taxable value resets when it gets a new owner, even if that new owner inherited the house from his or her parents. In some cases, that higher taxable value can be dramatic.

Kiar notes only a few exceptions: A surviving spouse can inherit a house as well as the existing tax savings via Save Our Homes, as can a “legal dependent who was permanently residing on the property at the time of the decedent’s death.”

In all other cases, the new owner – even if he or she grew up in that house – must file for a new Homestead Exemption when they become the legal owner. Once filed, they also then have protection from yearly increases through Save Our Homes, though going forward it’s based on the first year they applied for the Homestead Exemption.”

Sanibel & Captiva Multiple Listing Service Activity December 15-22, 2017 

Sanibel

CONDOS

7 new listings: Spanish Cay #4 2/2 $374K, Sundial West #G105 1/1 $425K, Blind Pass #B211 2/2 $469K, Sunset South #1A 2/2 $775K, Loggerhead Cay #134 2/2 $995K, Tanglewood #1A 3/2 $1.149M, Atrium #201 3/3 $1.495M.

3 price changes: Sundial West #G204 2/2 now $649,999; Island Beach Club #220E 2/2 now $979K; Pointe Santo #E23 2/2 now $995K.

2 new sales: Sundial West #G105 1/1 listed at $425K, Sundial West #J207 2/2 listed at $695K.

6 closed sales: Seashells #44 2/2 $320K, Captians Walk #B5 2/1 $340K, Sundial West #C306 1/1 $404.5K, Blind Pass #B207 2/2.5 $469K, Sanibel Arms West #G8 2/2 $475K, Bougainvillea #A3 4/4 $3.55M.

HOMES

12 new listings: 1613 Sand Castle Rd 3/2.5 half-duplex $499K, 1027 Sand Castle Rd 2/2 $575K, 693 Rabbit Rd 3/2 $579K, 2521 Key Lime Pl 3/2 $599K, 1357 Jamaica Dr 2/3 duplex $650K, 1521 Wilton Ln 3/2 $784.5K, 4791 Rue Helene 3/2 $875K, 1106 Buttonwood Ln 3/2 $1.2M, 4166 Dingman Dr 4/4 $2.9M, 772 Birdie View Pt 3/3.5 $1.395M, 1035 Kings Crown Dr 4/3 $1.7495M, 1191 Bird Ln 5/4.5 $7.9M.

5 price changes: 667 Spartina Ct 3/2 now $619,555; 5299 Ladyfinger Lake Rd 3/3 now $648K; 1656 Middle Gulf Dr 3/4 now $990K; 5403 Shearwater Dr 4/3 now $1.195M; 2939 Wulfert Rd 5/5/2 now $1.349M.

9 new sales: 915 Palm St 3/2 listed at $475K, 3273 Twin Lakes Ln 3/2 listed at $825K, 3358 Saint Kilda Rd 3/3 listed at $979K, 932 Whelk Dr 3/3 listed at $1.224M, 899 Almas Ct 3/2 listed at $1.249M, 2441 Wulfert Rd 4/4.5 listed at $1.295M, 2190 Starfish Ln 3/3 listed at $1.395M, 1525 San Carlos Bay Dr 3/2 listed at $1.675M, 267 Ferry Landing Dr 3/2 listed at $1.795M.

1 closed sale: 4775 Rue Helene 4/3 $737.5K.

LOTS

1 new listings: 2987 Wulfert Rd $450K.

No price changes.

1 new sale: 1311 Par View Dr listed at $274K.

1 closed sale: 461 Lake Murex Cir $325K. 

Captiva

CONDOS

No new listings.

1 price change: Sunset Captiva #302 4/3 now $2.895M.

2 new sales: Tennis Villas #3210 1/1 listed at $300K, Lands End Village #1657 2/2 listed at $1.095M

1 closed sale: Lands End Village #1660 3/3 $1.5375M.

HOMES

2 new listings: 11526 Laika Ln 4/4 duplex $1.749M, 16814 Captiva Dr 5/5.5 $8.2M.

2 price changes: 16163 Captiva Dr 3/2 now $2.795M, 16447 Captiva Dr 6/5/2 now $3.599M.

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.

Santa on Beach

Wishing You & Your Family A Happy Holiday Weekend!

Elise for The SanibelSusan Team

 

Almost April & the islands are busy


It’s SanibelSusan and team reporting that the island is hopping with lots more families/spring breakers here this week. It was sunny and summer-like right through yesterday with temperatures into the low-80’s.

The below photos were taken yesterday by local fishing guide, Paul Primeaux. To see these gorgeous turquoise waters yourself and probably catch a few fish too, contact him directly at www.captivaguide.com.

water paul primeau 03-30-17

water Paul 03-30-17

Today is overcast with a few showers expected – so far, just a few sprinkles.

Teammate Dave had a few lookers during another Open House on Wednesday. I have been out showing property at The Sanctuary and will be again later this afternoon. Earlier in the week, Dave and Lisa finalized an off-island sale which came from an island referral. We love those.

Association of Realtors® Thursday Caravan

Sanibel realtors logoIt was another quick, but busy meeting at the Sanibel & Captiva Islands Association of Realtors® weekly caravan meeting yesterday. I was happy to be one of the sale announcements (our condo listing at Coquina Beach). Also, we already have had good results from announcing a price reduction at Beachcomber #A102. Can’t beat that gulf-front location for $1.445M (photos below)

Again, lots of price reductions were announced: 18 Sanibel homes and four condos. A report of the week’s status changes in the Sanibel-Captiva Multiple Listing Service follows a few news items below.

Sanibel Public Library – Year in Review

sanibel libraryI bet the Sanibel Library won’t mind if I repeat a few tidbits that I enjoyed from their last mail-out. Always good to get a reminder about what is offered here. It also is a great place to park Sunday mornings for Farmers’ Market.

Library cards are available to all residents of Sanibel and Lee County, FL, at no charge.

Visitor cards are available for a $10 fee and are good for one year.

Here are the Sanibel Library’s state rankings:

  • #1 for Material Available Per Capita (books, movies, music, magazines)
  • #2 for Circulation Per Borrower
  • #2 for Program Attendance Per Capita
  • #2 for Public Computers Available Per 1,000
  • #3 for Library Visits Per Capita.

Sanibel Public Library also was awarded Trip Advisor “Certificate of Excellence” awards for 2014, 2015, 2016 and Library Journal’s national “Star Library” award in 2010, 2011, 2016.

In addition to books, the Library has more than 8,000 DVD’s, 200 different magazine and newspaper subscriptions, more than 50 eMagazine subscriptions are available for download with the Zinio app.

Since eShelf inception in 2010, 43,000 eBooks have been downloaded via OverDrive including 9,000 audiobooks. Thousands of 3Books, movies, audiobooks, and TV shows, as well as music, are available via the Hoopla app.

Rising Rates, Rising Sales

NAR gray-logoGood article by Lawrence Yun, NAR Chief Economist, in the March/April 2017 issue of “Realtor®” magazine:

“Interest rates are rising, but there’s no need to panic. In the past, for each 10-basis-point increase in mortgage rates, home sales declined by around 35,000 on a national basis. Since the presidential election, mortgage interest rates have risen by 70 basis points, from an average of 3.5% to 4.2%.

“If rising interest rates are accompanied by a strengthening labor market with higher wages, the economy will be fine. At least 2 million net new jobs are forecast for this year, and that is the reason we anticipate home sales will squeak out a modest gain over 2016. If mortgage underwriting standards normalize even modestly from the excessively stringent conditions of the past few years, such as through reduced FHA insurance premiums or lower guarantee fees on loans backed by Fannie Mae and Freddie Mac, then sales could be even better.

“Some analysis might say higher interest rates are not due to improved long-term economic prospects but to a steep increase in future budget deficits as tax revenue falls and spending increases. If that’s the case, the economic boost will be short-lived, harming home sales in the future.

“Which will it be? The task for us is to see how federal policies affect the dynamism in the economy. Fewer regulations will likely encourage entrepreneurs to introduce new products and services. However, if the government instead emphasizes protection of exiting companies, then economic growth could suffer.

“NAR’s survey of commercial members fortunately indicates that openings of small businesses have surpassed closings in recent months. That is a good sign, and some of those small businesses could well become the next Apple, Facebook, or Google. Let the economy work it’s magic.”

Upcoming Events

Captiva-Cruises-LogoSunset Sing Cruise – The Sanibel BIG ARTS Ensemble (30 members) is singing aboard Captiva Cruises sunset cruise on Sunday, April 2. This alto is part of the entertainment. A few tickets still are available (call 472-5100 or online at www.captivacruises.com.)

SCCF logoSCCF’s Beer in the Bushes – Saturday, April 15, 6 to 10 p.m. Beer in the Bushes has become the unofficial End-of-Season Party. Guests will enjoy a fun evening on the grounds of SCCF’s Nature Center in support of SCCF’s mission of conserving local coastal habitats and aquatic resources. This event is 21+, rain or shine. It includes new craft beer tastings, great food, world-class music, and just a chance to catch up with fellow islanders. This is the first time the event has had a Gold Record Award-wining group performing. The headliner is “G. Love & Special Sauce” which is known for their unique and laid-back music covering classical R&B and hip-hop sounds. More info at www.sccf.org or tickets online at www.sccfbeer.eventbrite.com.

Pine Island Sound Cruise – On the cusp of Earth Day, Friday April 21, SCCF is teaming up with Captiva Cruises and author Denege Patterson for a cruise through the islands of Pine Island Sound. Climbing aboard Captiva Cruises regularly scheduled lunch trip to Cabbage Key and Useppa, guests hear a narration by Denege who has spent over five years studying the geology and archeology of over 20 islands. (See above for ticket info.)

Sanibel & Captiva Multiple Listing Service Activity March 24-31, 2017

Sanibel

CONDOS

2 new listings: Sanctuary Golf Villages I #3-3 2/2.5 $699K, Sanctuary Golf Villages I #6 3/3 $939K.

4 price changes: Tennisplace #C21 2/1.5 now $349,555; Kings Crown #106 2/2 now $849K; Pine Cove #102 3/2 now $1.347M; Beachcomber #A102 2/2 now $1.445M (our listing).

4 new sales: Coquina Beach #3G 2/2 listed at $499K (our listing), Kings Crown #106 2/2 listed at $849K, Loggerhead Cay #152 2/2 listed at $899K, Somerset #E202 3/2.5 listed at $1.649M.

4 closed sales: Sundial West #G307 1/1 $400K, Sundial West #I303 1/1 $445K, Sanibel Moorings #841 2/2 $449K, Heron at The Sanctuary III #1B 3/2.5 $600K.

HOMES

5 new listings: 1747 Serenity Ln 3/2 $499K, 471 Las Tiendas Ln 3/2 $749K, 1183 Kittiwake Cir 3/2 $889K, 673 East Rocks Dr 3/2 $898K, 1426 Causey Ct 3/2.5 $1.399M.

18 price changes: 1029 Dixie Beach Blvd 2/2 now $439.9K, 3021 Singing Wind Dr 3/2 now $518K, 1585 Serenity Ln 3/3 now $520K, 1212 Par View Dr 2/2 now $589K, 9446 Yucca Ct 3/2 now $589K, 1426 Sand Castle Rd 3/2 now $615K, 1020 White Ibis Dr 3/3 now $719K, 1315 Par View Dr 3/2 now $729K, 5126 Joewood Dr 3/2 now $735K, 1425 Causey Ct 4/3 now $779K, 5240 Caloosa End Ln 3/3 now $949.9K, 1114 Captains Walk St 3/3 now $955K, 1126 Harbour Cottage Ct 3/2 now $1.445M, 687 Anchor Dr 4/3 now $1.495M, 1743 Venus Dr 4/3.5 now $1.699M, 4190 Dingman Dr 4/3.5 now $1.995M, 1149 Paper Fig Ct 4/3 now $2.439M, 4731 Rue Belle Mer 3/3 now $2.5M.

12 new sales: 6471 Pine Ave 2/2 listed at $529K, 4619 Brainard Bayou Rd 3/2 listed at $549.9K, 1895 Farm Trl 3/2 listed at $615K, 1114 Sabal St 2/2 listed at $675K, 1210 Par View Dr 4/2 listed at $695K, 3359 Barra Cir 3/3 listed at $789K, 276 Ferry Landing Dr 4/3 listed at $899.9K, 1030 Kings Crown Dr 2/2 listed at $929K, 863 Lindgren Blvd 3/2 listed at $979K, 1035 Kings Crown Dr 3/2 listed at $1.15M, 5838 Pine Tree Dr 3/3 listed at $1.295M, 615 Lighthouse Way 3/3.5 listed at $2.345M.

3 closed sales: 1746 Windward Way 3/2 $530K, 671 Rabbit Rd 3/2 $620K, 2920 West Gulf Dr 3/2 $910K.

LOTS

2 new listings: 667 Birdie View Pt $349.9K, 2987 Wulfert Rd $450K.

No price changes.

2 new sales: 5121 Sanibel-Captiva Rd listed at $197,555; 5687 Baltusrol Ct listed at $315K.

No closed sales.

Captiva

CONDOS

No new listings.

2 price changes: Beach Villas #2422 1/1 now $519K, Lands End Village #1665 2/2 now $1.015M.

No new or closed sales.

HOMES

1 new listing: 16596 Captiva Dr 6/5/2 $8.25M.

No price changes.

1 new sale: 1119 Schefflera Ct 4/3.5 listed at $4.695M.

1 closed sale: 13500 Palmflower Ln 4/4 $1.82M.

LOTS

Nothing to report.

(This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its 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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

april fools.gifUntil next Friday, don’t be fooled tomorrow… it’s already spring!

Susan Andrews, aka SanibelSusan