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

Real Estate & More on Sanibel & Captiva Islands


SanibelSusan here reporting another week of wonderful island weather and the good news for those of us traveling Sanibel’s roadways has been a bit of a traffic reprieve. The islands remain busy with holiday vacationers, including many locals since schools are still out, but Periwinkle Way has been a little easier to maneuver this week.

Several of our listings had showings, with some future appointments scheduled. All-in-all, it’s looking like the first quarter of 2017 will be a busy one.

At SanibelSusan Realty Associates

Sanibelsusan LogoWe received a terrific new listing yesterday and another today. The first a large beautifully-remodeled meticulous and professionally-decorated 3+bedroom along the back circle in Seagull Estates will be posted in MLS early next week, as soon as the professional photography is done. With three screened porches overlooking a tropical backyard that borders conservation land, it also is an easy stroll or bike ride to the community pool, clubhouse, tennis, and beach access.

xterior

239 Daniel Drive in Seagull Estates

 

The 2nd is another beach-front condo at Casa Ybel Resort in their guaranteed income program. You may remember that we had another unit listed there that closed the end of the year. Those units (there are only 40 condos within the resort) are what many local Realtors® call “no brainers” for investors looking for easy ownership. The resort takes care of everything (including utilities and updates/repairs) with owners getting half of the annual income which usually is just under $100K. Cottage Colony West #119 will be posted later today in MLS.

lanai

Balcony & private stairs to beach at Cottage Colony West #119 at Casa Ybel Resort

 

Teammate Dave held an Open House yesterday at Pointe Santo and had good walk-in traffic – other island owners and renters. As properties are vacant and available, he will continue those open houses through season. He’s been busy opening listings for showings and accompanying showings too – all good action this week.

closeup-view-to-straightlefteast

Looking from Pointe Santo #C34 over lagoon to clubhouse to gulf

 

The team and I are watching prices closely now that “season” is here. Overall sales in 2016 fell short of 2015. Prices, however, continue to creep up, but still are far from where they were in the heyday of 2006. The positive post-election vibes, I expect will keep those prices on the upswing. It should be a winter of plenty of offers (she said optimistically).

Sanibel & Captiva Islands Association of Realtors® Caravan Meeting

Sanibel realtors logoThere were only a few sales announced at the Realtor® Caravan Meeting yesterday. Those are listed in the report below of the action posted since last Friday in the Sanibel/Captiva Multiple Listing Service.

Our meeting next Thursday morning is the island Association of Realtors® Annual Installation and Awards event. It is usually an evening banquet, but this year is a morning (8 a.m.) breakfast at The Sanctuary. The Caravan following will be a shortened version, so our listings due for caravan will be open the following week from 9 a.m. to noon.

 Want to Avoid Legal Hassles? Top Lessons From 2016

Florida Realtors logoThe below article was posted online today at FloridaRealtors® and has some good advice. It came from Fort Lauderdale’s “Sun Sentinel”. Info about the author follows the article.

“With the foreclosure crisis over and home prices continuing to increase, we’ve moved past the problems that were unique to the housing bust. It’s a more normal real estate market these days, but that doesn’t mean there aren’t issues around every corner.

“Here are my top lessons learned in 2016:

  • “Whether you’re on the board of your community association or just live in one, you need to read your governing documents. The answers to most problems can be found there, so it should be your first stop before you file a complaint or a lawsuit.
  • “Remember, when you bought your home, you agreed to the restrictions that are now vexing you. If you want to change the rules, get involved. Join the board of directors. If you’re on the board and want to change things, first clear it with the association’s attorney. Association litigation is expensive and often easy to avoid if you know your community’s rules and follow them.
  • “I’ll address two questions I hear several times a week: First, your association can foreclose on your home over a small amount of owed dues. Even if there is a mistake on your maintenance bill, pay the disputed money and then work with your association to resolve the error. Second, accept that residents are entitled to service animals under the law – even if the residents don’t appear to have visible disabilities. If you think a resident is abusing the rules, speak to the association’s attorney before you do anything.
  • “Interest rates are rising, and lenders are lending money again. If you have any intention of refinancing your mortgage, now is the time to do it. It’s also a good time to buy a home. As interest rates increase, your purchasing power will decrease. Although I don’t think interest rates will skyrocket, you should get the cheap money now while it’s still available.
  • “Finally, one of my favorite sayings is, “If you can say it, you can sign it.” Many times, relationships go wrong and promises get broken. Two people can have the same conversation and walk away with very different understandings. Whether you are agreeing to help your adult child buy a home or making a deal with a contractor to remodel your kitchen, always write down what you both agree to and then sign your names to it. While a properly drafted contract is best, just writing down, in detail, what each party agreed to, will reduce the chances of a dispute and make things easier to resolve if there is a disagreement.

“About the writer: Gary M. Singer is a Florida attorney and board-certified as an expert in real estate law by the Florida Bar. He practices real estate, business litigation and contract law from his office in Sunrise, Fla. He is the chairman of the Real Estate Section of the Broward County Bar Association and is a co-host of the weekly radio show Legal News and Review. He frequently consults on general real estate matters and trends in Florida with various companies across the nation. Send him questions online at http://www.sunsentinel.com/askpro or follow him on Twitter @GarySingerLaw.”

Sanibel & Captiva Multiple Listing Service Activity December 30, 2016 – January 6, 2017

sancap GO MLS logoSanibel

CONDOS

4 new listings: Breakers West #A5 2/2 $514K, Sanibel Arms #F2 1/1 $515K, Cottage Colony West #119 1/1 $674K (our listing), Island Beach Club #220E 2/2 $1.039M.

1 price change: Sundial West #S404 3/2 now $850K.

1 new sale: Pointe Santo #E37 3/2 listed at $1.475M.

1 closed sale: Cottage Colony West #137 1/1 $602.5K.

HOMES

4 new listings: 474 Lake Murex Cir 2/2 $399K, 3008 Singing Wind Dr 2/2 $529K, 4239 Gulf Pines Dr 3/2 $549K, 1304 Seaspray Ln 3/2.5 $4.495M.

5 price changes: 2401 Shop Rd 2/1 now $278K, 1478 Albatross Rd 3/2 now $659K, 5757 Pine Tree Dr 3/2.5 now $800K, 1321 Par View Dr 3/2.5 now $895K, 407 Bella Vista Way 4/4 now $2.99M.

5 new sales: 2142 Egret Cir 3/2 listed at $499K, 5406 Osprey Ct 3/2 listed at $889K, 521 Lighthouse Way 3/2 listed at $995K, 1511 Angel Dr 3/3 listed at $1.25M, 5125 Joewood Dr 4/4 listed at $2.595M.

1 closed sales: 1559 Sand Castle Rd 3/2 $625K.

LOTS

1 new listing: 629 Lighthouse Way $1.095M.

No price changes.

2 new sales: 2379 Wulfert Rd listed at $289K, 592 Sea Oats Dr listed at $349.9K.

1 closed sale: 2411 Blue Crab Ct $307,318.

Captiva

CONDOS

2 new listings: Tennis Villas #3121 1/1/2 $255K, Bayside Villas #1/2 $315K.

No price changes, new or closed sales.

HOMES

1 new listing: 11551 Wightman Ln 3/3.5 $5M.

3 price changes: 43 Oster Ct 2/2.5 now $879K; 14980 Binder Dr 4/3 now $1,377,935; 14860 Mango Ct 5/4 now $2,343,925.

1 new sale: 11537 Laika Ln 4/3 listed at $1.549M.

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 activiislty in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

Until next Friday, here’s hoping your winter is warm and bright. Another cool front is expected to pass through here on Sunday when the high is forecast to be just 61 degrees F and breezy. Back into the 70’s right after that. Just how we like January on Sanibel.

Susan Andrews, aka SanibelSusan

beach-path

Beach path at Casa Ybel Resort

Lotsa Rain & Lotsa Shells


It has been another quiet few days on Sanibel. Luckily Tropical Storm Colin passed to the north, though it brought some much needed rain which has continued off and on through much of the week. By today, most of us are over it, but the rain continues. Certainly not a good week to be here on vacation if you are a sun-worshipper, but the shelling is amazing!

Rainy lighthouse sanibel-island

A few turtle and snowy plover nests were damaged from high water, but many remain on Sanibel’s both east and west end and Captiva. Turtle patrols are out checking nests every day. Interestingly those sea turtles do not lay all of their eggs at one time, so Mother Nature planned for events like these.

SanCapAssnLogoUnfortunately, it was another slow week for real estate too. Attendance was down yesterday at the Sanibel & Captiva Islands Association of Realtors® meeting and the nine properties open for Caravan after the meeting had to deal with the buckets of rain that continued most of the day. No condos went under contract this week on either island, just two homes sold on Sanibel, none on Captiva. More details on the week’s action posted in the Sanibel & Captiva Multiple Listing Service follow some news items below.

Hurricanes

santiva chronicleMost islanders do not like to think about hurricanes, but there was a nice article with some island history published in the “Santiva-Chronicle” on Monday, June 6.

rotary logoWith June the start of hurricane season, the Sanibel-Captiva Rotary Club had SCCF (Sanibel-Captiva Conservation Foundation) Education Director Kristie Anders as their speaker at their meeting last week. This is the report that they provided to the paper.

SCCF logo“Well here it is the first week of June and we’re already talking about a tropical disturbance in the Caribbean.  Watchful eyes are keeping a lookout on this storm and are tracking it’s movements in the Caribbean Sea and Gulf of Mexico.  After all, we are now officially in Hurricane Season…June 1 through Nov. 30 and although early in hurricane season, these tropical disturbances can take unexpected twists and turns intensifying into full-blown hurricanes, at any time.

“Our Rotary speaker this week was Kristie Anders, SCCF education director, talking about hurricanes. She started out by giving us this statistic:  50% of our Island residents have never been through a hurricane season here on the Islands.  This is important to note, since this year the predictions “The 2015 hurricane season was somewhat benign in the Atlantic, but if La Nina kicks in this coming summer (as predicted), it could be a troubling season,” according to NASA climatologist Bill Patzert.  By the numbers: 14 named storms, 8 of those storms becoming hurricanes and 4 of those hurricanes becoming major hurricanes (Category 3 or higher)

“Anders said, “Hurricane season is a roll of the dice.”

“Kristie gave us a look-back at previous storms that have hit our area:

  • 1873 NO NAME a hurricane hit Punta Rassa wiping away all the buildings and demolishing the area with raging winds and a 14’ storm surge.
  • 1910 “The BIG STORM” hit the Islands destroying all the crops.
  • 1919 “Key West Hurricane” washed over the islands, salting the soil.
  • 1921 “The Tampa Bay Hurricane” Category 3 Captiva was split at Red Fish Pass.
  • 1926 “The Great Miami Hurricane” Category 4 This storm was very destructive to the Islands.  Captiva was severed from Sanibel when a hurricane storm surge created a new channel – Blind Pass.
  • 1960 “Hurricane Donna” Category 4 The dry hurricane.  Damage to the roads was caused by the tides that “crested four to six feet above normal.  Australian pines, insecurely anchored by wide-spreading but shallow roots, fell like tenpins across the main road that travels down the center of Sanibel and along the Captiva Gulf. Much of the Captiva road was impassable, parts of the Sanibel road were blocked under sand drifts, and tree falls. Upper Captiva washed away.”
  • And Now to Hurricane Charley – 2004 Hurricane Charley Category 4… winds of 131 mph.  Turns from simple tropical Storm to Hurricane…changes course from going to Tampa… hits dead on North Captiva, Captiva, and Sanibel.  Mandatory evacuation of Islands…some stayed…Islands closed.  Although 18-foot storm surge was predicted, luckily that wasn’t the case.  Wind and tornadoes disseminated fauna, foliage, and homes on the islands. The Islands had no functioning sewer system, electricity, or water.  Phone lines were downed.  Electricity was knocked out and not restore for about five days.  Roads were blocked with fallen trees and debris.  North Captiva Island was split in two by the hurricane.  Residents could not return to the Islands until roads were cleared.  Kristie and her husband Red lived on North Captiva and were caught off guard by Hurricane Charlie, they did not evacuate in time.  The National Weather Service and local meteorologists gave confusing information as to the direction of the storm and at some point, it was too late.  The damage to North Captiva was incredible, roofs were destroyed, windows blew in, and walls collapsed.  No electricity and no communication channels.  Boats and planes were destroyed; there was no way off the Island.  It wasn’t until the Monday after the storm that the National Guard arrived by boat to assess the damage to island property and secure property from vandalism. They realized Kristi and Red were not looters but residents of North Captiva. The soldiers helped in the cleanup of the Island.

“There were definite lessons learned by the residents that stayed on the Islands during the storms…don’t mess with Mother Nature.  Most of them definitely will not do that again.

“Resident hurricane passes are now available at Sanibel City Hall…don’t wait.  Hurricane forecasts give indications of the path of these storms…when it looks like the storm is coming this way, make hotel reservations…Kristie’s suggestion…somewhere near I-75.  Take forecasts of storm surges seriously.

Sanibel-Captiva Rotary will not be meeting at the Dunes Golf & Tennis Club for the next two months. On Friday, June 10, our meeting will take place at the Sanibel Shell museum starting with breakfast at 7 a.m.  Further meeting information, can be found at http://www.sanibelrotary.org or check our Facebook page Sanibel-Captiva Rotary Club.  Guests are always welcomed at all of our San-Cap Rotary meetings.”

America’s Favorite Towns

Though it’s undoubtedly good for business, sometimes the locals cringe when Sanibel makes another “list”. Here’s one recently posted by “Travel + Leisure” magazine. According to the article:

“Travel + Leisure’s America’s Favorite Places survey opened on 10/8/2015 and closed on 04/15/2016. It was open to everyone, and ran alongside a sweepstakes. The open-response survey asked respondents to submit their favorite place and rate it in over 65 categories, including affordability, notable restaurants, and public parks. Towns were defined as governed bodies with a population less than 100,000. After discarding incomplete ballots and cities that received less than 8 votes, each entry was ranked according to an average score.”

Here are the top 30 favorite towns:

30. Sedonz, AZ
29. Hilton Head, SC
28. Carmel-by-the-Sea, CA
27. Naples, FL
26. Key West, FL
25. Duluth, MN
24. Laguna Beach, CA
23. Charlottesville, VA
22. Santa Barbara, CA
21. Newport, RI
20. Williamsburg, VA
19. Aspen, CO
18. Red River, NM

Lighthouse1

Sanibel Island

 

17. Sanibel Island, FL
16. Durango, CO
15. Cape May, NJ
14. Pigeon Forge, TN
13. La Jolla, CA
12. Sarasota, FL
11. Sonoma, CA
10. Asheville, NC
9. Traverse City, MI
8. Staunton, VA
7. Portland, ME
6. Harrisonburg, VA
5. Atlantic City, NJ
4. St. Augustine, FL
3. Sante Fe, NM
2. Provincetown, MA
1. Park City, UT

Sanibel StoopNice to see that five of the top 30 are in Florida. The write-up about Sanibel Island says, it “scored highly as a beach vacation and vacation getaway, but it enhanced both of these standings by getting a perfect score for free things to do.

“Indeed, the most popular thing to do here costs nothing: browsing the multitudes of seashells (there are reportedly 200 different kinds) on the beaches, an action known as the Sanibel Stoop…The island also ranked well for affordable cuisine….”

What is Your Opinion of Sanibel’s Civic Core Project?

As posted this week in several local publications, the Sanibel Civic Core group wants to know your opinion of the project and has created a website (sanibelccp.org) where citizens may see details and comment.

Civic Core Concept 02-16

The Civic Core project would rebuild BIG ARTS and move the Center-4-Life to the Civic Core campus near BIG ARTS, City Hall, and the Library. It would be a multi-purpose facility designed to host a variety of different events. It would add about 400 parking spaces and have the benefit of relieving some of the traffic congestion on Periwinkle Way during events.

The Civic Core project weighs in with a hefty $42 million price tag with the money coming from – grants totaling $22 million, $12 million from BIG ARTS, and $8 million from Sanibel taxpayers which would have to be approved in a ballot referendum.

The community’s ultimate opinion on the Civic Core project will be decided in the voting booth, but before that happens the Civic and Cultural Core Working Group has posted the website to ensure that voters are informed. Check it out at www.sanibelccp.org.

Property Values Up Throughout Lee County

Good news posted on-line at CaptivaSanibel.com on Wednesday. It says:

“For the fourth year in a row, property values in Lee County continue to increase according to the preliminary estimated Taxable Values for 2016 released late last month and that increase is 6.62% countywide.

LeePALogo.png“We have 91 taxing authorities in Lee County and there are no negative percentages anywhere in the county,” said Lee Property Appraiser Ken Wilkinson. “I think they will all be pleased. Of course, we have another month to work on the figures so the value could still go up some as we check for errors.”

“The total taxable value on new construction countywide rose from $972.5 million in 2015 to over $1.3 billion for 2016. New construction figures in Sanibel rose from more than $13 million last year to more than $18 million this year.

“We had a surge in new construction from 2015 to 2016,” Mayor Kevin Ruane said. “I think when the economy improves more people take advantage of that.” He said there are around 170 lots on Sanibel that are still buildable.

“Wilkinson’s office faces a July 1 deadline to notify the taxing authorities of their final estimate value figures, which will then be used by government agencies to set the millage rate through two required public hearings.

Those figures also will be sent to Tallahassee for approval, but, Wilkinson said, the state has never not approved the figures. The final estimate figures will be mailed to every property owner in the form of TRIM notices in mid-August.

“After the TRIM notices arrive, property owners then have 25 days to contact the appraiser’s office to appeal their taxable value if they think it is too high.

“Cape Coral’s total taxable property values are up 6.64% over 2015. Fort Myers Beach values rose by 6.72%, Sanibel by 3.98% and Fort Myers increased by 8.44%.

“Ruane said Sanibel did not go down 45 to 50% like other places did in 2007 and when considering an increase in percentage it is hard to go up as much when the decrease is not as large. “We historically have a better percentage between June and July,” he said, adding that he believes they will be closer to 5% once July comes.

“Ruane said the difference between Sanibel’s increase and Cape Coral and Fort Myers is those cities are still down 25%.

Sanibelcityseal logo“We are in single digits. They have to make up more than 20% than I do,” he said. Ruane said the percentage is kind of exactly where he thought they were going to be. “Would I like property values to go up more, yes, (but) Sanibel values continue to rise,” he said. “We continue to be noted as a great place to come.”

“The City Council will discuss a preliminary budget at its Tuesday, June 7 meeting, which Ruane said includes a budget planned around 3 and 4% for property values.

“Among the local fire districts, Upper Captiva increased the least, just 0.25%, and Fort Myers Beach rose the most at 6.06%. Captiva Fire District increased just 0.44%, Matlacha-Pine Island by 5.06, North Fort Myers by 5.47 and Sanibel by 3.84%. Lehigh fire district opted out of the county tax roll for 2016 by passing a Fire Service Assessment tax instead.

“Property values started to rise in Lee County overall three years ago while some communities still saw decreases. Most property in the county increased for 2013 with few exceptions. These last two years every city, town and taxing district in the county is seeing higher values. The Lee County market lost half of its total value between 2007 and 2013 when the market started to turn around.

“The annual process is complete when tax bills start arriving in property owners’ mailboxes in November.”

4th of July on Sanibel

In less than a month, the islands again will be celebrating another holiday. Wondering what’s in store for July 4th here this year? Morning, noon, and night, the line-up is below:

  • 2003 BonneParade

    An oldie

    26th Annual Independence Day Parade – Beginning at 9:30 a.m. at the corner of Tarpon Bay Road and Periwinkle Way, the parade travels down Periwinkle Way to Casa Ybel Road. It is small town fun at its finest with many local businesses, organizations, community members and families participating in decorated vehicles and tossing goodies and holiday mementos to parade watchers. A good vantage point is the lawn in front of SanibelSusan Realty or just across the street under the shade trees bordering Community Park. Wear your red, white, and blue, and bring your lawn chair or blanket to join in the festivities!

  • 2016 July 4 Road Rally37th Optimists Club July 4th Road Rally – Register your team to rally against others as you follow a predetermined course around both islands while solving puzzles and guessing clues. A team includes a vehicle, driver, navigator, and spotter(s). The event begins at noon in The Timbers/Sanibel Grill parking lot with staggered start times (a vehicle begins every 2 minutes). It also ends there with an afterglow party where prizes are awarded for time, mileage, the most correct answers to the quiz, best decorated vehicle, and the team that traveled the farthest to get there. More info and entry forms on the club’s website and on their Facebook page at Sanibel-Captiva Optimist Club, or at Bailey’s General Store, Sanibel Café, Sanibel-Captiva Community Bank, in the local papers, or at the starting line just before the event. Don’t think you have to know the island to win, following the directions and being observant are key!
  • fireworks clip artFireworks – At dusk, the causeway islands are where many residents and visitors gather to watch the fireworks which are launched right at dark from the bayside end of Bailey Road. Better get there early to get a spot. Or, see them from the water. Adventures in Paradise has a Sanibel Fireworks Cruise. You can book on-line at www.AdventuresinParadiseInc.com.

Sanibel Historical Museum Free Admission Day

Museum LogoFor the 3rd year, The Sanibel Historical Museum and Village is offering free admission for all visitors on Saturday, June 18. This time of the year, the Museum is open Tuesdays through Saturdays from 10 a.m. to 1 p.m. with a full guided tour at 10:30 a.m.

The museum closes for the summer on August 1, reopening October 18. More info at http://www.sanibelmuseum.org.

Sanibel & Captiva Islands Multiple Listing Service Activity June 3-10, 2016

Sanibel

CONDOS

1 new listing: Tarpon Beach #110 2/2 $799K.

2 price changes: Sanibel Inn #3512 2/2 now $689K, Sundial East #M301 2/2 now $749K.

No new sales.

1 closed sale: Clam Shell #E 3/2.5 $995K.

HOMES

1 new listing: 1114 Captains Walk St 3/3 $1.095M.

7 price changes: 1746 Windward Way 3/2 now $569K, 3118 Twin Lakes Ln 3/2 now $599.9K, 5749 Pine Tree Dr 3/3 now $675K, 726 Cardium St 3/3 now $775K, 1501 Sand Castle Rd 5/3.5 now $999K, 792 Birdie View Pt 3/3.5 now $999K, 1238 Isabel Dr 5/3/2 now $3.499M.

2 new sales: 2115 Sunset Cir 3/2 listed at $459K, 1487 Sand Castle Rd 3/2.5 listed at $799K.

6 closed sales: 441 Lake Murex Cir 3/2 $550K, 938 Strangler Fig Ln 2/2 $571.5K, 1858 Farm Trail 3/2 $610K, 1130 Junonia St 3/2 $669K, 9027 Mockingbird Dr 4/3 $755K, 882 Beach Rd 4/3 $1.3M.

LOTS

No new listings.

1 price change: 5121 SanibelCaptiva Rd now $215,555.

1 new sale: 1837 Buckthorn Ln listed at $439.9K.

No closed sales.

Captiva

CONDOS

Nothing to report.

HOMES

1 new listing: 31 Urchin Ct 3/3 $975K.

2 price changes: 35 Sea Hibiscus Ct 3/2 now $350K, 11500 Chapin Ln 4/4.5 now $1.795M.

No new or closed sales.

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 real3 estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

 Until next Friday, bring on the sun! 

(Oops, it’s 3:10 p.m. & the sun just peeked out, let’s hope it stays!)

Susan Andrews, aka SanibelSusan

Trip advisor sanibel beach cottages afternoon-storms-rolling.jpg

It’s a Happy May on Sanibel & Captiva


SanibelSusan here reporting another quiet week on the islands. There were no traffic directors at the Periwinkle intersections today and even the resorts have vacancies – a typical pre-summer pattern – but also a wonderful time to be here. Most locals swear that May and October are the best months on the islands – great weather and easy maneuvering when enjoying “all” of the things to do here – and the Royal Poinciana are in bloom in all their splendor!

 

LakeMurexRoyal1

In the island real estate world, there was no Realtor® Caravan Meeting yesterday. Considering that it is “after season” though, a surprising number of new Sanibel listings came on the market this week (12 over the last seven days). There also were nine price reductions, and ten closings. Not so much real estate action on Captiva, however, where there were no new listings, but four price reductions, and three new sales.

Sanibel realtors logoIt’s a terrific time to be come to look at property as most listings are easy to view and probably will be until schools are out and summer vacationers start arriving.

The details of the activity posted since last Friday in the Sanibel and Captiva Multiple Listing Service follow a few news items below.

23rd Annual Sam Bailey’s Island Night

islands-night-logoOn Wednesday, June 1, Island Night will return to Hammond Stadium at CenturyLink Sports Complex when the Fort Myers Miracle play the St. Lucie Mets. This is the 23rd year of this annual community tradition that encourages islanders to come together for a fun evening of baseball and camaraderie. Pre-game festivities with parade begin at 5:30 p.m. with the game at 7:05 p.m. Tickets are free and available at Bailey’s General Store (both in Bailey’s Center and at Sundial Beach Resort & Spa) and at event sponsors which include island service organizations. Again this year, the Sanibel-Captiva Kiwanis Club and the Sanibel-Captiva Rotary Club will be in a friendly competition to support local charities.

2016 Sanibel Prescribed Burns

Sanibelcityseal logoYesterday, Sanibel’s Natural Resources Department issued the following news release about the upcoming prescribed burns:

“During the 2016 spring/summer season, the Sanibel Prescribed Fire Partnership will be looking to conduct prescribed burns on the following conservation lands:

  • Bailey Tract (USFWS J.N. “Ding” Darling National Wildlife Refuge)
  • Frannies/Johnston Tract (SCCF)
  • Sanibel Gardens Preserve (City of Sanibel/SCCF)
  • South Center Tract & Postell Tract (SCCF & City of Sanibel)
  • Gulfside City Park Extension (City of Sanibel)

To view a map of the conservation lands, please click here.

“We would like to invite the public to an informational meeting on Thursday, May 26, 2016 at 1:00 p.m. in the “Ding” Darling Visitor and Education Center to discuss the burn plans and address any questions or concerns.

“When forecasted conditions are favorable, the Sanibel Prescribed Fire Partnership will issue further notification that a prescribed burn is possible and identify the specific location of the burn.  All prescribed fires must be authorized by the Florida Forest Service on the morning of the scheduled burn.  A change in the forecast conditions may result in cancellation of the planned burn.  A prescribed fire will NOT be conducted if the prescription conditions cannot be met prior to ignition or if conditions change after the prescribed fire has been ignited.

“A burn plan, or “prescription,” has been established for the priority areas within these conservation lands.  The prescription details the required conditions that must exist in order for a prescribed burn to take place.  These include environmental conditions such as soil moisture, fuel conditions, and recent rainfall as well as forecasted and actual weather conditions including temperature, relative humidity, wind speed and wind direction.  Following a predefined prescription allows fire management officers to establish the desired fire behavior (intensity, flame length, direction of fire spread and smoke).  The prescription also identifies the number of qualified fire personnel needed to conduct the burn as well as the types and number of equipment required to safely complete the burn.

Why are prescribed fires needed?

“Fire is a natural part of Florida’s ecosystem, historically set by lightning. Because of this history of periodic fires many of Florida’s natural communities are adapted to burning. Fire removes old vegetation, promotes new growth of native vegetation and suppresses the growth of non-native invasive plants. In the absence of fire many plant communities are displaced by dense, woody vegetation which can reduce plant diversity and eliminate foraging opportunities for the island’s wildlife. Species such as the gopher tortoise, eastern indigo snakes, and the Sanibel rice rat all depend on a fire maintained ecosystem.  In addition to the natural benefits of fire, carefully planning and conducting managed burns can prevent the likelihood of catastrophic wildfires and help preserve the natural ecology of the area.   This technique, called “prescribed fire,” reduces the amount of vegetation – or “fuel”-that would be available in the event of a wildfire.

Why can’t prescribed burns be conducted some other time?

“The window of opportunity for conducting prescribed burns in southwest Florida is very narrow and may vary from year to year.  By mid to late spring, soils and fuels are often too dry and prescribed fires may be prohibited by State authorities.  By mid- to late summer, soils on Sanibel are often too wet, humidity is high, and afternoon thunderstorms render wind conditions unsuitable.  Plus, on any given day all the conditions detailed in the prescription must be met and personnel and resources must be available to conduct the burn.  To maximize our opportunities for conducting prescribed fires, the Sanibel Prescribed Fire Partnership has identified a number of priority burn sites for 2016.  Because the prescription requirements for each site are different, this provides us with the flexibility to determine if the forecast conditions will meet the prescription requirements for any of the priority burns sites and then to schedule the prescribed fire accordingly.

What can I expect on the day of a prescribed burn?

“Depending on the wind direction and strength, it may be possible to see or smell smoke.   The fire prescription identifies the specific wind conditions necessary to achieve the burn objectives while minimizing smoke impacts to roads and communities.  However, smoke and ash associated with a prescribed burn cannot be prevented.  Smoke sensitive individuals should keep their windows closed and avoid outdoor activities in the affected areas.  If you would like to be registered on the City’s list of smoke sensitive individuals, please contact Joel Caouette in the City’s Natural Resources Department at (239) 472-3700.  Once registered, the City will notify you in advance of any prescribed burn on Sanibel.

“During the prescribed burn operations, residents and visitors are encouraged to:

  • close windows
  • cover pools
  • move cars and furniture indoors
  • stay indoors to minimize the impacts from smoke
  • visit other areas of the Island away from the burn site
  • abide by all signs, road closures, and instructions about closed areas provided by law enforcement and fire personnel

“After the prescribed burn has been completed, there may be occasional smoke or burning embers seen from the burned area for several days.   Fire personnel will monitor the burned area and adjacent roads, day and night, taking all precautions and maintaining readiness to minimize fire activity and smoke impacts to the public.  Do not be alarmed if you see smoke or burning embers within a burned area.

Is Sanibel at risk for wildfires?

“Of course!  However, prescribed fires, planned and carefully conducted by well-trained and experienced fire personnel are a cost-effective way to reduce fuel loads on Sanibel and reduce the risk of a catastrophic wildfire.  To address safety and wildland fire issues on Sanibel, the City of Sanibel, the Sanibel Fire and Rescue District, the Sanibel-Captiva Conservation Foundation, and the U.S. Fish & Wildlife Service’s J.N. “Ding” Darling National Wildlife Refuge formed the “Sanibel Firewise Task Force.”  To reduce the risk of wildfire around your home, the Sanibel Firewise Task Force recommends that you:

  • Trim dead palm fronds from trees
  • Trim tall grasses near the home
  • Prune large, leafy hardwood trees so the lowest branches are six to ten feet above the ground
  • Do not store combustible materials such as gasoline containers, firewood, and building supplies under or around the home, and
  • Keep mulch and other landscaping material well watered

“For additional information regarding fire and prescribed burning on Sanibel, please contact the City of Sanibel Natural Resources Department at (239) 472-3700.

Watch Out for Inflation

realtor logoAs follow-up to the 2016 National Association of Realtors® (NAR) Legislative Meetings and Trade Expo in Washington, DC last week, here are some predictions from NAR Chief Economist Lawrence Yun as reported in Friday’s “Daily Real Estate News”:

“Home sales will grow modestly this year, but a continuing inventory shortage will keep upward pressure on prices and make it hard for many people to buy, even though interest rates remain low…

“Yun predicted existing home sales will rise to 5.5 million at the end of the year, up slightly from 5.4 million last year. New-home sales will rise to 540,000 units from half a million, but because that segment of the market is currently so far below historical levels, the gains won’t come close to closing the inventory gap, Yun said.

What’s more, most new homes are at higher price points, exacerbating affordability struggles for first-time and moderate-income home buyers. Yun said larger homes are the most profitable for builders, who have to worry about meeting local ordinances and other costs. He added that most new homes come on the market at more than $300,000.

“The West saw home prices rise 35% over the last three years, making that the least affordable part of the country and dampening sales there, he said. While sales increased almost 20% last year in the Northeast, they dropped almost 10% in the West.

“Inventory shortages continue to be a main driver of price increases, which were almost 7% nationally last year. The increase far outpaced wage gains, which were up only about 2%. Yun is forecasting prices to rise another 4.5% this year.

“Continuing low interest rates are a bright spot, but Yun warned that when inflation picks up, mortgage rates will follow suit. Yun said today’s low consumer price index (CPI), at about 1.7%, doesn’t reflect the rise in prices people are seeing on everyday items because low gas prices are keeping the broader index down.

“But CPI won’t stay low forever. Yun said the monthly rental rate tenants pay is going up (almost 4% this year, a seven-year high) and that will send the broader index up. When that happens, the Federal Reserve will raise the short-term interest rate it charges banks, which in turn will impact mortgage rates.

“Right now he’s forecasting mortgage rates to be at 3.9% at the end of this year, about where they were last year, and to rise to 4.6% in 2017. Yun identified 6% as a mortgage-rate threshold, noting anything much higher than that will curb home sales. “If rates get to 7 or 8%,” he said, “watch out.”

“Bottom line: Look for modest market growth this year and next, but as long as inventory shortages persist, homes will become increasingly unaffordable. Once mortgage rates start going up, which they could do as rental rates continue rising, sales will be hurt.”

What Makes a Smart Home Smart?

smart-home-essentials-for-living-85947231Interesting info posted last week on FloridaRealtors® and sourced to “Smart Home Glossary,” and “Smart Home and Internet of Things FAQ,” CRT Labs (May 2016)

“More consumers than ever see the benefits of buying a home with smart technology. A 2016 Coldwell Banker survey found that owners believe smart home technology makes their home safer, saves them money and saves them time.

“The same survey also found that 54% of homeowners would buy or install smart home products if they were selling their home because they believe it would make the home sell faster.

“In order to help agents and consumers understand the common smart home benefits and buzzwords, CRT Labs put together a guide. Here are some highlights:

Smart home terms and facts

What are the benefits of smart home technology?

“Smart home technology automates household tasks like adjusting a home’s temperature, unlocking the front door or opening the garage door using voice-activation devices. Smart devices can work together to offer owners safety by alerting them if something in their home seems amiss, and it can save owners money by automatically controlling the temperature and energy of a home. Insurance companies and utility companies may offer reduced rates and rebates for homes with smart devices.

Who owns the data, how is it used and are there security risks?

“A home’s smart home data can be used in a variety of ways, according to CRT Labs. Data is “generally used by smart device companies to improve product development and provide additional services to their customers,” but: “You should also read the vendor’s privacy policy to see what they are legally allowed to do with the data. They may allow themselves to sell your data to third parties, so read carefully.”

What’s the impact on selling prices?

“On a large scale, the financial impact is yet to be seen since the technology is so new, but survey results showed that 72% of millennial owners would spend $1,500 or more to add smart home technology. Fifty-nine percent of parents with children would also pay more for a smart home, according to Coldwell Banker’s survey.

3 smart home phrases to know:

IoT (Internet of Things): This buzzword describes automated devices like lights, thermostats and locks that work together and are connected by the Internet. IoT products use data to simplify things that previously weren’t automated.

Hub: In the world of smart homes, a hub is almost like a universal remote, according to CRT Labs. A hub is the main device that connects all of the different smart home products together so they’re all automated.

SmartMeter: These electric and gas meters help owners monitor their utility usage by sending real time meter readings.”

Leaving Your Property for the Summer

Lcec logoSome excellent tips were posted this month in “LCEC News” (Lee County Electric Cooperative):

“If you are leaving your home for the summer, there are some very important tasks you should consider to keep your home in tip-top shape while you’re gone:

  • Enroll in LCEC kiloWATCH so you can be alerted of any unusual electricity usage. Sign up at www.lcec.net.
  • Avoid mildew damage by installing a timer on the air conditioner to cycle the air for two hours per day. Or install a humidistat and set it to cycle when indoor humidity reaches 65%.
  • Unplug the water heater.
  • Leave all interior doors open to promote airflow. Space out clothing, shoes, and other stored materials for the same reason.
  • Fill jugs of tap water to put inside the refrigerator/freezer – a full unit will use less power than an empty one.
  • Finally, have a neighbor, friend, or professional house sitter check your home periodically during your absence.”

Sanibel & Captiva Islands Multiple Listing Service Activity May 13-20, 2016

sancap GO MLS logoSanibel

CONDOS

3 new listings: Tennisplace #D22 1/1 $249.9K, Loggerhead Cay #152 2/2 $999K, Pine Cove #104 3/2 $1.495M.

3 price changes: Sanibel Moorings #822 2/2 now $449K (our listing), Mariner Pointe #733 2/2 now $519K, Loggerhead Cay #211 2/2 now $615K.

(Photos below are some of the community amenities at Sanibel Moorings. Click the tab above for more info on this listing.)

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1 new sale: Sanddollar #C101 2/2 listed at $870K.

2 closed sales: White Caps South #7 1/1 $520K, Sanibel Arms West #L4 2/2 $520K.

HOMES

8 new listings: 984 Greenwood Ct 3/2 half-duplex $462K, 376 Lake Murex Blvd 3/2 $598K, 1426 Sand Castle Rd 3/2 $675K, 1333 Par View Dr 3/2 $879K, 931 S Yachtsman Dr 4/2.5 $880K, 641 Lake Murex Cir 4/3 $975K, 598 Kinzie Island Ct 3/3.5 $1.895M, 1137 Golden Olive Ct 5/3.5 $2.695M.

5 price changes: 1746 Windward Way 3/2 now $580K, 3364 Twin Lakes Ln 3/2 now $750K, 4775 Rue Helene 4/3 now $845K, 5075 Joewood Dr 4/4.5 now $3.7497M, 4449 Waters Edge Ln 3/3 now $4.65M.

8 new sales: 2407 Shop Rd 3/1 listed at $349K; 5131 Sanibel-Captiva Rd 2/2 listed at $465K; 535 Birdsong Pl 3/2 listed at $499,999; 9475 Beverly Ln 3/2 listed at $529.5K; 1702 Sand Pebble Way 3/2.5 listed at $535K;  676 Emeril Ct 3/2 listed at $749K; 1317 Eagle Run Dr 4/3.5 listed at $1.195M; 4353 Gulf Pines Dr 3/2.5 listed at $1.479M.

6 closed sales: 748 Martha’s Ln 3/2 $500K, 1460 Court Pl 6/5.5 multi-family $610K, 1970 Wild Lime Dr 4/3 $690K, 775 Birdie View Pt 3/2.5 $900K, 5773 Sanibel-Captiva Rd 2/2 $950K, 819 Lindgren Blvd 4/3.5 $1.24M.

LOTS

1 new listing: 2441/2453 Los Colony Rd $179K.

1 price change: 497 Sea Oats Dr now $499K.

No new sales.

2 closed sales: 5749 Sanibel-Captiva Rd $600K, 3723 West Gulf Dr $2.6M.

Captiva

CONDOS

No new listings.

2 price changes: Tennis Villas #3227 1/1 now $279.9K, Bayside Villas #4202 1/2 now $305K.

No new sales.

2 closed sales: Beach Villas #2632 2/2 $675K, Beach Homes #20 3/3 $2.4M.

HOMES

No new listings.

1 price change: 11523 Wightman Ln 4/4 now $1.949M.

3 new sales: 57 Sandpiper Ct 2/2 listed at $885K, 17130 Captiva Dr 4/4 listed at $3.998M, 16665 Captiva Dr 2/2 listed at $4.8M.

1 closed sale: 16665 Captiva Dr 2/2 $4.55M.

LOTS

No new listings.

1 price change: 16298 Captiva Dr now $4.999M.

No new or closed sales.

(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.)

Until Memorial Day weekend, Happy Friday!

Susan Andrews, aka SanibelSusan

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