Category Archives: Florida real estate

Memorial Day Weekend Friday 2023 on Sunny Sanibel

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As the Memorial Day weekend arrives, it is another sunny summer-like day on Sanibel with more of the same weather expected through the holiday (mid-80’s days, low 70’s nights). Islanders continue to anxiously await precipitation as inland communities and the East Coast have already seen the start of rainy season. This is the time of year when we often can see big white popcorn clouds across the bay on the mainland, but joke that they can’t afford the bridge toll to come to Sanibel.

Today, following lunch with a colleague at Rosalita’s (corner of Rabbit Rd and San-Cap), she said, “we’d better hurry, I think it’s going to rain.” There were a few drops on our vehicles, but from there, I took a leisurely drive along the Gulf Drives heading home looking for restoration progress at condos along the way. Other than a couple of brief sprinkles on the west end, there were no showers and nary a drop at my home on the east end.

Concerning activity at condo complexes, it was much the same as last week with workers noticed (mostly roofers) at only a few complexes including Sanddollar, Spanish Cay, Sundial East, Sunset South, Compass Point, Shorewood, Loggerhead Cay, Sanibel Arms West, and Sanibel Arms. For it being just 1 p.m. on a workday, I had hoped to see more action. It is becoming obvious that it will be many months before some of these communities are operational again. With it being the Friday of a holiday weekend, I also expected to see more vehicles on the roadways.  Other than three debris removal vehicles, I saw only a handful of trucks/cars.

On a personal note, my second week back living on the island was even better than the first. As I continue to witness how slowly recovery continues for others, I am sooo thankful to be back home.

The Green Flash

Our server today at Rosailta’s looked familiar. When I asked, she said that she worked at The Green Flash for 25 years. That reminded me that I saw a post on social media this week about that Captiva restaurant. It says “Hello Flash Friends, It’s been a while for an update and we apologize we have been a little busy rabbit. We have heard the rumors and they are 100% false. We will be reopening. The roof has finally been repaired so we can start work on interior items. The date for the reopening will in mid/late September, we have picked a very special weekend to reopen for everyone. Stay tuned for more details and updates on progress of bringing the beloved Green Flash Restaurant back to life. Thank you to everyone that has reached out with love and support.”

The Community House

The Sanibel Community Association also posted a facility update this week. They divided their rebuilding into three phases and currently are working on completing Phase 1 which opens their doors again for meetings, classes, and small gatherings. Contractors also have begun Phase 2. (Phase 1: lobby, offices, bathrooms, and Islander Room; Phase 2: Great Hall, Community Room, kitchen; Phase 3: Founders Historical Room).

They have already announced that the Rotary Club of Sanibel-Captiva will be holding their weekly meetings at The Community House again beginning Friday, June 16. Jerry’s is partnering with them in providing breakfast for the meetings.

Also, beginning Monday, June 19, 10 a.m. to 1 p.m. the original Sanibel Island “Shellcrafters” will be there weekly. These Monday shell crafting classes are free. Participants just pay for supplies (usually between $5-10.) Items will also be for sale, with sales benefiting the operation of The Community House.

South Seas Island Resort

While the resort remains closed, it was announced that the Yacht Harbour Marina is open to dock and fuel up. It also offers ice, water, and snacks. Make reservations at 855-777-3625.

 

Tarpon Bay Explorers

The J.N. “Ding” Darling National Refuge recreation concession will be offering a 25% discount to any Lee County resident for kayak, stand-up paddleboard, and Hobie fishing kayak rentals June 1 through August 31. “We want people to experience the Refuge and all its beauty,” said Managing Partner Wendy Schnapp. “The bay is a new version of beauty. Though the mangroves are not as lush, the trail is peaceful, clear, and fully accessible. We still see great wildlife daily. Manatees are regularly in our harbor. We hope locals take advantage of the discount and support us, the Refuge, and the island in general.”

Current Tarpon Bay Explorer hours are 8 a.m. to 5 p.m. Monday, Wednesday, Friday, and Saturday (last rentals at 3 p.m.).

Risk Rating 2.0 Takes Effect: What to Know

If you have questions about the National Flood Insurance Program’s new pricing methodology, below is a recent update posted on-line from the National Association of Realtor’s Insurance Committee chair, Cyndee Haydon, who is from Tampa.

“Q: What Is Risk Rating 2.0? A: When developing flood insurance prices, the NFIP now rates each home individually—rather than by zone—using modern technologies, multiple flood risk variables and property-specific characteristics, including elevation, distance to water and cost to rebuild. A third of flood insurance policyholders are paying a full-risk rate while others are paying a subsidized rate that is gradually increasing to full risk over time. The new methodology does not affect flood mapping or the federal mandate to purchase flood insurance.

“What’s Happening Now? All NFIP policies have transitioned to Risk Rating 2.0 as of May 1, and there have been no reports of delays or disruptions to home sales. In fact, Risk Rating 2.0 can help real estate pros build trust with clients because it helps buyers understand the true actuarial rate over time before they purchase. The rollout of Risk Rating 2.0 has been surprisingly smooth, considering it’s the first major update to NFIP pricing in 50 years.

“Why Were These Changes Needed? After the passage of the Biggert-Waters Act in 2012, REALTORS® uncovered many problems with the previous flood insurance rating methodology, which had not been updated in a half-century. Risk Rating 2.0 was established as a result and provided much needed updates based on actuarial risk, science and common sense.

“Here’s one example: Under the old methodology, an NAR member was quoted an annual rate of $87,000 for flood insurance on a $300,000 home. NAR asked FEMA and independent actuaries how the rate could be so high for the property, a modest home that never flooded, and no one could explain it. Under Risk Rating 2.0, FEMA now uses science to cap the maximum possible NFIP rate at $12,125 per year, which only a few high-value, high-risk property owners would pay. For that same $300,000 home, flood insurance now costs only $1,247 under the new rating system.

“Because pricing in the old methodology was based on national flood zones, older and low-value properties subsidized new, high-value properties. NAR’s Insurance Committee collaborated with FEMA and funded an independent actuarial study to help propose a solution. As a result, Risk Rating 2.0 ensures that each property owner pays for only their own individual risk and no one else’s.

“Risk Rating 2.0 also provides consumers with full disclosure on flood insurance rates. After the Biggert-Waters Act, I helped clients whose rates jumped over $10,000—and they were required to pay it in one lump sum after buying a home. Believe me, you don’t ever want to have to take calls like this from former clients. I didn’t sleep until Congress rolled back and put the rates on a glidepath with the Flood Affordability Act of 2014, which, unfortunately, was only a temporary measure. Risk Rating 2.0 provides a permanent solution, giving new NFIP policyholders the science-based, actuarially sound, full-risk flood insurance rates upfront before they purchase.

“Why Do Some Say NFIP Rates Have Doubled or Tripled? Rates have not doubled or tripled anywhere in the United States. Some media reports are taking out of context a FEMA projection of what the average full risk rate might look like given today’s conditions.  However, those are not actual rates paid by two-thirds of policyholders, and by law, rates cannot increase more than 18% per year.  Also, flood risk is dynamic: Many factors can impact the current projection, including future changes in climate, inflation and the policyholder population. What FEMA data shows is: 1) most policyholders are not paying a full-risk rate and 2) it will take at least five to 10 years before they do if all things stay the same.

“What’s Next?

Now that Risk Rating 2.0 is in place, NAR’s Insurance Committee is turning its attention to other priorities, including:

  • NFIP reauthorization.Congress has passed two dozen short-term extensions while continuing to debate meaningful, bipartisan reforms for accurate mapping, affordability through risk mitigation and private flood insurance options. REALTORS® are urging Congress to pass a long-term reform and reauthorization measure that brings stability to real estate markets.
  • Climate financial risk.Risk Rating 2.0 is only one example of a federal agency complying with an executive order to underwrite climate risk. Other federal agencies are currently evaluating their exposure to climate risk, which could have significant implications for federal mortgage loan programs, including Fannie Mae and Freddie Mac.
  • Hazard Insurance.Most insurance policies cover typical disasters except floods and earthquakes. Rising costs are the number one insurance-related issue in many states, including Florida and Louisiana, and NAR’s Insurance Committee is working to develop a handbook to educate consumers.”

Sanibel & Captiva Islands Association of Realtors

Yesterday, at the monthly meeting of the local Association of Realtors©, Florida Realtors Chief Economist Dr Brad O’Connor provided a Residential Market Update for Lee County. Though not specific to just the islands, he said that the county has seen many of the same trends as the state overall.

For example, what is bolstering home buyer demand? Florida still is a hot place to be right now but in-migration probably is slowing somewhat. Florida is an ideal location for “untethered” remote workers.  In Florida, housing overall is more affordable and spacious relative to Northeast and West Coast and job growth is solid.

Looking at population, Florida has experienced an increase of over 400K+ residents in a single year, with Florida 2nd only to Texas in growth. That’s over 1,100 new residents per day.

Out-of-state driver’s license exchange statistics continue to show that most new Lee County residents come from New York, followed by Illinois and Ohio, then New Jersey, Pennsylvania, Michigan, Massachusetts, Minnesota, and California.

The median price of closed existing home sales was up 55% in April 2023 compared to 2020, down just a little from the same month last year.

Below with data from the island MLS (Multiple Listing Service) are updated summary tables of the residential sales statistics specific to the islands and the action posted since last Friday in the MLS. There was little sales action this week, with just two Sanibel homes under contract and one Captiva condo. As mentioned before, that slowdown is usual for this time of the year before summer vacations begin.

Sales Scoop

SANIBEL

RESIDENTIAL

 CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 66 1,171,222 98 126 1,599,294 85 32 1,205,293 78
Under contract 10 814,390 71 34 1,447,119 76 4 603,500 13
Sold 2023 to 5/26 56 956,142 46 140 1,194,345 51 11 974.454 81
Sold 2022 123 1,136,199 44 185 1,602,745 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA

RESIDENTIAL

 CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 12 1,960,833 74 8 4,521,875 75 1 15,500,000 426
Under contract 5 842,800 85 2 4,772,500 153 0 N/A N/A
Sold 2023 to 5/26 4 1,100,500 121 8 2,960,500 60 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity May 19-26

Sanibel

CONDOS

1 new listing: Heron at The Sanctuary 1 #2A 2/2.5 $1.14M.

1 price change: Lighthouse Point #232 3/2 now $929K.

No new sales.

2 closed sales: Blind Pass #B208 2/2 $590K, Snug Harbor #121 3/2 $1.65M.

HOMES

4 new listings: 1643 Bunting Ln 2/2 $799K, 1241 Par View Dr 3/2 $799.5K, 754 & 756 Donax St duplex 4/2 $1.249M, 1067 Sand Castle Rd 4/2 $1.395M.

7 price changes: 1399 Albatross Rd 3/2 now $714K, 228 Daniel Dr 3/2.5 $995K, 425 Lake Murex Cir 3/2 $1.19M, 235 Palm Lake Dr 3/2 $1.355M, 1202 Sand Castle Rd 4/2.5 $1.629M, 896 Limpet Dr 3/3 now $2.15M, 963 Kings Crown Dr 3/3 now $2.299M.

2 back on market: 4752 Rue Helene 2/2 $699K, 513 Lighthouse Way 3/3 $2.295M.

2 new sales: 1105 Skiff Pl 3/2 listed at $895K, 5294 Umbrella Pool Rd 3/2.5 listed at $1.379M.

5 closed sales: 465 Lake Murex Cir 2/2.5 $645K, 1526 Bunting Ln 5/3 $690K, 1300 Par View Dr 3/2 $1.075M, 926 Lindgren Blvd 3/2 $1.35M, 1224 Buttonwood Ln 3/2.5 $1.425M.

LOTS

3 new listings: 1653 Bunting Ln $499K, 711 Cardium St $649.9K, 2651 Coconut Dr 1.395M.

No price changes, new, or closed sales.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Bayside Villas #5302 3/3 $995K.

1 closed sale: Beach Cottages #1411 3/2 $1.45M.

HOMES

2 new listings: 17170 Captiva Dr 2/2 $3.25M, 11535 Murmond Ln 3/3.5 $3.495M.

No price changes, 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.

Enjoy your weekend,

Susan Andrews, aka SanibelSusan

Island Vegetation Knows It’s Spring

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This week, during my travels I noticed one of my favorite gumbo limbo trees pushing out new growth. (It’s the gnarly one next to the bike path at Captain’s Walk.)

The rainy season has yet to begin in SW Florida, so it again is a sunny Friday, and I really can confirm that it is sunny on Sanibel as I moved home on Monday.

To say it is wonderful is an understatement. Sure, there is a punch list and there are a garage and trailer full of home and office items that Dave saved thinking some could be salvaged. It is amazing how many hard-surfaced things can be reused. I am becoming expert at hurricane-muck and rust removal.

I got a chuckle when Dave carried in a miscellaneous box of office things that included the slide rule from my desk. When I remarked “Wow, you saved this?” He said, “What is that?”

Seriously, I could not be where I am without him. He emptied both my home and our office, oversaw contractor progress, plus moved me umpteen times between apartments and home. Now we will both be able to better concentrate on real estate.

NAR: Existing-Home Sales Down 3.4% in April

The below article by Kerry Smith was posted yesterday on Florida Realtors. I find these articles worth the read since so often island buyers think the market here is like their market at home – wherever that may be. That usually is not true.

Even those that closely follow island real estate agree that Hurricane Ian may have caused a blip in our hot 2022 market, but more appreciation is right around the corner. I loved it when a client told me this week that he thinks home values will be up 10% in another 12 months.

Another said that the high interest rates must be affecting our sales. I bet the first prediction is correct, but I had to tell the second commenter that for decades most island buyers have paid cash. That is even more important when inventory is low and demand is high. Sellers are looking for “as is” cash contracts with strong deposits, no or few contingencies, and quick closings. Meanwhile, below is what is being reported nationally about recent sales:

“The U.S. inventory of for-sale homes grew a bit: 7.2% month-to-month. But it’s still only a 2.9-months’ supply – below the amount economists consider “balanced.”

“WASHINGTON – Existing-home sales decreased in April, according to the National Association of Realtors® (NAR). All four major U.S. regions included in the report registered month-over-month and year-over-year sales declines.

“Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums, and co-ops – slid 3.4% month-to-month for a seasonally adjusted annual rate of 4.28 million in April. Year-over-year, sales slumped 23.2%.

““Home sales are bouncing back and forth but remain above recent cyclical lows,” says NAR Chief Economist Lawrence Yun. “The combination of job gains, limited inventory and fluctuating mortgage rates over the last several months have created an environment of push-pull housing demand.”

“Total housing inventory at the end of April was 1.04 million units, up 7.2% from March and 1.0% year-to-year. Unsold inventory sits at a 2.9-month supply at the current sales pace, up from 2.6 months in March and 2.2 months in April 2022.

“The median existing-home price for all housing types in April was $388,800, a 1.7% decline from April 2022 ($395,500). Prices rose in the Northeast and Midwest but fell in the South and West.

““Roughly half of the country is experiencing price gains,” Yun says. “Even in markets with lower prices, primarily the expensive West region, multiple-offer situations have returned in the spring buying season following the calmer winter market. Distressed and forced property sales are virtually nonexistent.”

“Properties typically remained on the market 22 days in April, down from 29 days in March but up from 17 days in April 2022. Three out of four (73%) homes sold in April were on the market for less than a month.

“April market characteristics

  • First-time buyers were almost one-third (29%) of the market in April, up from 28% in both March 2023 and April 2022.
  • All-cash sales accounted for 28% of transactions in April, up from 27% in March and 26% the previous year.
  • Individual investors or second-home buyers, who make up many cash sales, purchased 17% of homes in April, a percentage unchanged either month-to-month or year-to-year.
  • Distressed sales – foreclosures and short sales – were 1% of sales in April, also unchanged month-to-month or year-to-year.

“According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.35% as of May 11 – down from 6.39% the previous week but up from 5.30% one year ago.

“Single-family and condo/co-op sales: Single-family home sales waned to a seasonally adjusted annual rate of 3.85 million in April, down 3.5% from 3.99 million in March and 22.4% year-to-year.

“The median existing single-family home price was $393,300 in April, down 2.1% from April 2022.

Existing condominium and co-op sales were at a seasonally adjusted annual rate of 430,000 units in April, down 2.3% from March and 29.5% year-to-year.

“The median existing condo price was $348,000 in April, an annual increase of 0.7%.

“Regional breakdown: Existing-home sales in the Northeast receded 1.9% from March to an annual rate of 510,000 in April, down 23.9% year-to-year. The median price in the Northeast was $422,700, up 2.8% from the previous year.

“In the Midwest, existing-home sales declined 1.9% month-to-month to an annual rate of 1.02 million, and down 21.5% year-to-year. The median price in the Midwest was $287,300, up 1.8% from April 2022.

“Existing-home sales in the South decreased 3.4% from March to an annual rate of 1.98 million in April, a 20.2% decline from one year ago. The median price in the South was $357,900, down 0.6% year-to-year.

“In the West, existing-home sales slipped 6.1% from the previous month to an annual rate of 770,000 in April, down 31.3% year-to-year. The median price in the West was $578,200, down 8.0% year-to-year.”

Sanibel & Captiva Islands Association of Realtors

Yesterday, I attended the monthly meeting of the local Association of Realtors© Professional Development Committee. Next week is our monthly general membership meeting where the speaker is Dr Brad O’Connor, Florida Realtors Chief Economist. I will have his local economic predictions to report after that presentation.

The Professional Development Committee is responsible for arranging the Association educational events, continuing education classes, and these meetings speakers. It was great to hear that Mayor Richard Johnson will be the presenter at our June meeting. Good plans for the rest of the year are in the works, including offering the 12 modules needed to earn our local designation (Sanibel and Captiva Islands Specialist). Most years, these classes are in the summer, but this year, they probably will be in late September/October which is when our Association Office spaces hope to be restored and ready for occupancy. (They twisted my arm to again teach the Resort & 2nd Home Module.)

In the meantime, the Association is very thankful that Midland Trust (on San Carlos Blvd, Fort Myers) and BIG ARTS (on Sanibel) are letting us to use their spaces for our offices/meetings/caravans.

Below with data from the island MLS (Multiple Listing Service) are updated summary tables of the residential sales statistics, plus the MLS action posted since last Friday.

Though 2023 is hardly typical, it is typical for sales to slack off this month, usually because many prospective buyers are otherwise busy with spring events at home, school activities and graduations. It also continues to be a problem for buyers wanting to come and stay on the island for just a few days to property search. A buyer I met with this week was a good 45 minutes away in a Ft Myers hotel. Fingers crossed we see more potential buyers here over the long Memorial Day weekend.

Commercial and condo recovery is slow, but I heard that accommodations managers are saying that by the end of the year they expect that 30% of their former inventory will be ready to rent. As I drove along the Gulf Drives yesterday and saw only a few complexes with workers, that seems a lofty goal, but I sure hope they are right. Tourism is so important to recovery. I noticed workers at Gulfside Place, Sanddollar, Sandpiper Beach, Sanibel Siesta, and Spanish Cay – plus a new sign at Sanibel Moorings went up today.

Sales Scoop

On the commercial side, several new real estate listings were posted this week:

  • 1149 Periwinkle Way, Suite #3, commercial condo $700K
  • 2000 Periwinkle Way, cottage real estate office, $949K
  • 1149 Periwinkle Way, Suite #2, commercial condo $1.349M
  • 1046/1048/1090 Periwinkle Way, site of Dairy Queen & 2 adjoining properties, $2M
  • 2400 Palm Ridge Rd, commercial/residential mix, formerly ReMax Center, $2.6M.

Also 1504 Periwinkle, former site of T-Shirt Hut, closed for $515K.

SANIBEL

RESIDENTIAL

 CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 66 1,169,100 92 123 1,622,171 82 29 1,242,228 79
Under contract 13 993,223 61 40 1,422,401 71 4 603,500 13
Sold 2023 to 5/19 53 934,415 46 135 1,200,380 50 11 974.454 81
Sold 2022 123 1,136,199 44 185 1,602,745 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA

RESIDENTIAL

 CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 12 1,627,500 67 8 6,037,500 111 1 15,500,000 419
Under contract 5 953,800 85 2 4,772,500 146 0 N/A N/A
Sold 2023 to 5/19 3 984,000 140 8 2,960,500 60 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity May 12-19

Sanibel

CONDOS

1 new listing: Wedgewood #204 3/3.5 $2.998M.0

2 price changes: Sundial #D309 1/1 now $435K, Sundial #D312 1/1 now $447K.

2 new sales: Tennisplace #C32 2/1 listed at $529K, Loggerhead Cay #592 2/2 listed at $825K.

5 closed sales: Tennisplace #A22 2/1 $437.5K, Atrium #202 2/2 $1.05M, Sanctuary Golf Village 1 #5-5 2/2.5 $1.298M, Seascape #305 3/3 $1.995M, Gulfside Place #213 3/3 $2.3M.

 HOMES

11 new listings: 1683 Atlanta Plaza Dr 3/2 $519K, 586 Boulder Dr 3/2 $699K, 9421 Moonlight Dr 3/2 $769K, 1251 Par View Dr 3/2.5 $875K, 209 Daniel Dr 3/2 $1,199,900; 1245 Anhinga Ln 3/2 $1.299M, 1306 Par View Dr 3/3.5 $1.55M, 1720 Dixie Beach Blvd 3/3 $1.799M, 6129 Starling Way 3/2.5 $1.878M, 500 Kinzie Island Ct 3/3 $2.775M, 1511 Angel Dr 4/3 $2.999M.

8 price changes: 1242 Par View Dr 3/2 now $795K, 438 Lake Murex Cir 2/2 now $849K, 1171 Seagrape Ln duplex 3/3 now $999K, 1018 Demere Ln 4/3 now $1.099M, 251 Christofer Ct 3/2.5 now $1.199M, 1003 Fish Crow Rd 4/4 now $1.4M, 2540 Coconut Dr 4/3.5 now $1.495M, 5750 San-Cap Rd 3/2 now $1.75M.

1 back on market: 913 Kings Crown Dr 4/3 $1.595M.

6 new sales: 442 Lake Murex Cir 3/2 listed at $650K, 5410 Osprey Ct 3/2.5 listed at $999,999; 1163 Kittiwake Cir 3/3 listed at $1.15M. 1724 Bunting Ln 3/2.5 listed at $1.295M, 3251 Twin Lakes Ln 3/2 listed at $1.315M, 513 Lighthouse Way 3/3 listed at $2.295M.

6 closed sales: 411 Lake Murex Blvd 3/2 $740K, 1230 Sand Castle Rd 3/2 $771K, 1283 Par View Dr 2/2 $950K, 1027 Kings Crown Dr 4/3 $1.32M, 657 Birdie View Pt 3/3 $1.57M, 640 Kinzie Island Ct 5/6.5 $2.975M.

LOTS

1 new listing: 4646 Rue Bayou $995K.

No price changes or new sales.

2 closed sales: 6017 Clam Bayou $997,775; 6019 Clam Bayou $1,002,225.

Captiva

CONDOS

1 new listing: Bayside Villas #5302 3/3 $995K.

No price changes.

1 new sale: Tennis Villas #3113 1/1 listed at $519K.

No closed sales.

HOMES

1 new listing: 15557 Captiva Dr 5/4 $4.995M.

No price changes.

1 new sale: 1 Sunset Captiva Ln 2/2.5 listed at $3.55M.

1 closed sale: 11530 Chapin Ln 3/2 $2.335M.

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.

Enjoy your weekend,

Susan Andrews, aka SanibelSusan

A Special Springtime Continues on Sunny Sanibel

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It is another sunny Friday with SanibelSusan counting down the days when she is living back at home on the island. More progress this week on that happening soon.

What’s Open

Sanibel & Captiva Islands Chamber of Commerce has launched an app, Wander: Maps & Navigation. This GPS-enabled map allows users to see what businesses and beaches have opened, bike path accessibility, and more. The most common question on social media continues to be “where can I stay?” Many would-be summer vacationers obviously have not been following the restoration/rebuilding required for most hotels and condos to again become habitable. This app has some good info. Check it out at https://tinyurl.com/SanCapWanderApp.

Tarpon Bay Explorers & Refuge Hours

Tarpon Bay Explorers has cut back its kayak tours to Wednesdays only at 10 a.m. and tram tours to Thursdays at 10 a.m. and 1 p.m. Call 239-472-8900 or go online to make reservations. (Photo taken this afternoon.)

Current Refuge hours:

  • Wildlife Dr – 7 a.m. to 5 p.m. Saturday through Thursday (closed Friday). May through September, an admission pass to Wildlife Dr turns into a 3-day ticket. Reenter free for the following two consecutive days. (Note: With Wildlife Dr closed on Friday, pass is good for the next Saturday if the consecutive days fall on a weekend.)
  • Visitor & Education Center, & Refuge Nature Store – 9 a.m. to 5 p.m. Saturday through Thursday.
  • Tarpon Bay Explorers – 8 a.m. to 5 p.m. Monday, Wednesday, Friday, & Saturday (last rentals at 3 p.m.)
  • Bailey Tract – sunrise to sunset daily.

Emerging From Hurricane Ian: Stronger & More Resilient (Part 3)

The 3rd event in a community series hosted by the SanCap Citizens for a Resilient Future in collaboration with the City of Sanibel will be Monday, May 22 from 6 to 8 p.m. at BIG ARTS (or may be viewed remotely on The City of Sanibel Facebook page). The topic for this session is Lessons Learned: Emergency Response. Moderated by City Manager Dana Souza this program features a panel of professionals who led the Sanibel, Captiva, and Lee County emergency response to Hurricane Ian.

Sanibel Post Office

The temporary trailers are closed today and tomorrow while the Post Office is transitioning back into their restored building.

(Pix today showing disassembling of trailer accesses.)

Grant Agreement Approved for Beach Sand Nourishment

Sanibel City Council approved a grant agreement with the Florida Department of Environmental Protection in the amount of $13.08 million for the nourishment of sand on Sanibel’s beach. The grant was provided by the State of Florida during a Special Legislative Session held in December 2022. Staff informed the City Council that the earliest the project may take place is November 2023. The project cannot be completed within sea turtle nesting season. Additionally, permits and additional funding must be secured before the project may begin. Staff anticipates FEMA will also reimburse the City $10.2 million for the dune (berm) replacement on Sanibel. City staff will provide the City Council with monthly updates concerning the schedule and funding for this important beach nourishment project.

Florida’s 2023 Legislative Ends

The 2023 legislative session officially ended last Friday with the $117 billion General Appropriation bill approved by both houses. This 2023-2024 fiscal year budget is an $8 billion increase over the current budget but is supported by state revenue increases and a strong economy. SCCF’s weekly update provided some of the notable environmental budgets as:

  • $850M Florida Wildlife Corridor land acquisition including properties in SW FL between Dinner Key in Hendry County & Big Cypress Wildlife Management area in Collier County
  • $100M Florida Forever Land Acquisition Program
  • $100M Rural & Family Lands Acquisition & Conservation Easement Program
  • $25M Caloosahatchee River Watershed Water Quality Improvements
  • $20M Harmful Algal Bloom Mitigation
  • $5M Red-Tide Debris Clean-up
  • $75M Northern Everglades & Estuaries Protection
  • $50M Everglades Restoration.

For a complete list of local funding projects and bill updates, check the SCCF Legislative Tracker.

2023 Realtors Legislative Meetings

This week Realtor leaders from around the nation were in Washington DC for their legislative meetings. This annual event is when the National Association of Realtors (NAR) leverages the power of more than 1.5 million Realtors© to effectively advocate for the most pressing issues facing the real estate community. The Sanibel & Captiva Islands Association was represented along with our colleagues from our SW Florida district. We look forward to an update from our local Prez and Florida Realtors Chief Economist at our next membership meeting on May 25.

Sanibel & Captiva Islands Real Estate

Yesterday the local Association of Realtors© held a Caravan Meeting at BIG ARTS with six homes open for viewings after the meeting. With most condo complexes still under restoration/construction, we look forward to adding those properties to the viewing list when the communities are open.

Below are updated summary tables of island residential sales statistics, plus the action posted since last Friday in the island Multiple Listing Service.

On the commercial front, the former original “Gene’s Books” property, on the south side of Periwinkle, 2365 Periwinkle Way, is under contract (listed for $1.098M).

SANIBEL CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 68 1,124,075 86 121 1,625,315 79 28 1,251,089 75
Under contract 15 1,115,393 57 41 1,462,990 77 6 751,962 7
Sold 2023 to 5/12 49 906,908 46 129 1,191,668 48 9 968,777 93
Sold 2022 123 1,136,199 44 185 1,602,745 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 12 1,587,833 91 8 5,856,875 136 1 15,500,000 412
Under contract 4 1,062,500 16 2 4,195,000 30 0 N/A N/A
Sold 2023 to 5/12 3 984,000 140 7 3,049,857 65 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity May 5-12

Sanibel

CONDOS

5 new listings: Tennisplace #C32 2/1 $529K, Pointe Santo #D41 2/2 $1.15M, Shell Island Beach Club #6C 2/2 $1.35M, Sanddollar #A302 3/2 $1.65M, Chelsea Place #2 4/4 $4.195M.

1 price change: Sanctuary Golf Villages 1 #1-1 2/2.5 now $950K.

4 new sales: Seashells #16 2/2 listed at $455K, Blind Pass #B208 2/2 listed at $650K, Island Beach Club #340B 2/2 listed at $699K, Snug Harbor #121 3/2 listed at $1.699M.

4 closed sales: Oceans Reach #4B1 1/1 $425K, Seashells #3 2/2 $435K, Kings Crown #208 2/2 $840K, Oceans Reach #2D4 2/2 $875K.

HOMES

6 new listings: 1724 Bunting Ln 3/2.5 $1.295M, 1517 Sand Castle Rd 4/3.5 $2.195M, 513 Lighthouse Way 3/3 $2.295M, 1740 Dixie Beach Blvd 3/2.5 $2.395M, 1158 Golden Olive Ct 5/5.5 $3.395M, 408 East Bella Vista Way E 4/4 $3.75M.

9 price changes: 1326 Tahiti Dr 2/2 now $895K, 442 Lake Murex Cir 3/2 now $650K, 1284 Par View Dr 2/2 now $699K, Moonshadows #1A 3/3 now $849K, 557 East Rocks Dr 4/3 now $969K, 997 Fish Crow Rd 3/2 now $1.125M, 3311 Twin Lakes Ln 3/3 now $1.143M, 3205 Twin Lakes Ln 3/2 now $1.245M, 963 Kings Crown Dr 3/2 now $2.349M.

1 back on market: 505 Lighthouse Way 4/3.5 $2.349M.

7 new sales: 1937 Roseate Ln 2/2 listed at $459,555; 4752 Rue Helene 2/2 listed at $699K, 1332 Sand Castle Rd 3/2 listed at $990K, 241 Violet Dr 3/2.5 listed at $1.179M, 3050 West Gulf Dr 3/2.5 listed at $1.45M, 1057 Seahawk Ln 3/2.5 listed at $1.65M, 3611 West Gulf Dr 4/4.5 listed at $3.75M.

3 closed sales: 1198 Junonia St 2/2 $564K, 1398 Middle Gulf Dr #B 4/5.5 $1.15M, 3941 West Gulf Dr 4/4.5 $4M.

LOTS

4 new listings: 1331 Par View Dr $579K, 725 Donax St $750K, 1321 Seaspray Ln $995K, 4717 Rue Belle Mer $3.795M.

1 price change: 3730 Coquina Dr now $595K.

1 new sale: 1105 Shell Basket Ln listed at $649K.

No closed sales.

Captiva

CONDOS

1 new listing: Beach Villas #2514 2/2 $1.265M.

1 price change: Bayside Villas #5308 1/2 now $612.5K.

1 new sales: Beach Villas #2417 1/1 listed at $750K.

No closed sales.

HOMES

1 new listing: 11461 Old Lodge Ln 4/3 $3.15M.

1 price change: 1 Sunset Captiva Ln 2/2.5 now $3.55M.

1 new sales: 11401 Old Lodge Ln 2/3.5 listed at $5.995M.

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.

Best wishes to all the Moms!

Until next Friday, Susan Andrews, aka SanibelSusan

Another Sunny Sanibel Friday on Cinco de Mayo 2023

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It sure is easy to write these Friday real estate updates when the weather is fabulous. I know I have said before that I never get sick of waking up to bright blue skies and sunshine. It is another one of those days today with temps again into the low 80’s. Though May typically is the beginning of the rainy season, I don’t think any showers are forecast until the end of next week.

 

Island Scoop & Reopening News

City Council Post-Ian Hurricane Update – During Tuesday’s progress report, City Manager Souza announced that the Building and Planning Departments will be moving back on the island this month (into the former bank building on Library Way).

All beach accesses are open except Lighthouse Beach and West Gulf Dr accesses #3, 4, and 7.  The number of beach parking permits issued continues to increase. Summer camp at the Rec Center openings is available (7 weeks).

Regarding building permits, as of April 28, 4,246 have been issued.

Regarding debris cleanup, Crowder Gulf reports a new total of 1,935,409 cubic yards.

Financial discussions included the $1.1B coming to Lee County, status of the tax refunds in process at LeePA. As of April 25, 6,400 tax refunds have been approved, 1,338 approved for Sanibel, $420,488 returned to owners. Discussion continued about revenue losses from this tax relief and other budget items.

The City continues to work with FEMA in repairing City assets. They have received $2.4M in FEMA reimbursements, 104.1M is outstanding, but expected.

Council agreed to continue the weekly Police blotter and extensions to the local State of Emergency.

(These meetings continue to be posted live with recordings on the City’s FB page and http://www.MySanibel.com.)

30th Sam Bailey Islands Night on Wednesday at Hammond Stadium with the Fort Myers Mighty Mussels playing the Dunedin Blue Jays was a huge success with pregame parade, baseball, island comradery and no rain.

Some other social media postings this week:

RC Otter’s on Captiva is expected to open this month. Keylime Bistro nearby hopes to open in September, while Captiva Island Inn is looking to reopen In early 2024.

Sundial Beach Resort & Spa also anticipates welcoming overnight guests in 2024.

Tween Waters Island Resort & Spa posted that 4th night is free if you book three nights between May 1 and August 31. They also are advertising the Captivaville Songwriters Weekend, June 16-18 when resort guests get free admission.

Sea Turtle Nests – Sea turtle nesting season has begun. Over the last 11 days, SCCF (Sanibel-Captiva Conservation Foundation) has documented 20 sea turtle nests. Some of the high tides and winds last weekend left several of them washed over, but SCCF says it’s still possible for the nests to produce viable eggs. They will be monitoring them. To learn more, go to https://sancaplifesavers.org/sea-turtles/

Condo Scoop

More island condos info is being posted on social media about their progress. Facebook’s “Sanibel and Captiva Property Owners – Private Group” has had many. Some news is from owners, some by board members. Many associations are wrapping up settlements with insurance carriers, confirming contractor selections, receipt of permits, possible dates for occupancy, etc. After seven long months, it’s great to finally hear so much positive news. Many of the companies performing work for the associations also are willing to restore unit interiors. That certainly is good news for buyers.

At SanibelSusan Realty

Teammate Dave and I continue to be on the island daily, working with both buyers and sellers, while Lisa continues to update our “best seller” inventory list every Saturday. Let us know if you want it emailed or mailed to you.

It sure will be easier for me once I am back living on-island and that will be soon. The first of my new furniture was delivered yesterday, more came today.

Monday, I completed a 4-hour class that the Florida Association of Realtors requires of their instructors. Though viewed through Zoom, it was great to see some colleagues that I missed during the COVID lockdowns, but I already registered for the annual August convention in Orlando when I look forward to seeing them in person again.

Below are updated summary tables of island residential sales statistics, plus the action posted since last Friday in the island Multiple Listing Service. Good sales activity continues. Note that more Sanibel homes have already sold/closed this year than are for sale. That indicates a sellers’ market.

On the commercial front, both former “Gene’s Books” properties are for sale: 2365 Periwinkle Way for $1.098M and 2422 Periwinkle Way for $1.948M.

Sanibel & Captiva Islands Real Estate

SANIBEL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

70

1,068,130

81

123

1,561,782

78

25

1,184,180

77

Under contract

16

1,046,931

67

39

1,507,578

74

5

772,555

7

Sold 2023 to 5/5

45

930,300

45

126

1,174,692

47

9

968,777

93

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

12

1,545,125

84

9

6,230,625

134

1

15,500,000

405

Under contract

3

1,166,666

18

1

2,395,000

21

0

N/A

N/A

Sold 2023 to 5/5

3

984,000

140

7

3,049,857

65

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity April 28 – May 5

Sanibel

CONDOS

1 new listing: Snug Harbor #121 2/2 $1.699M.

1 price change: Sandpiper West #4 3/2.5 now $2.2M.

2 new sales: Snug Harbor #122 2/2 listed at $1.649M, Seascape #305 3/3 listed at $1.995M.

1 closed sale: Island Beach Club #220F 2/2 $749K.

HOMES

7 new listings: 9231 Belding Dr 2/2 $450K, 3312 Saint Kilda 3/2 $949K, 228 Daniel Dr 3/2.5 $1.095M, 3251 Twin Lakes Ln 3/2 $1.315M, 567 North Yachtsman Dr 3/3 $1.595M, 450 Sea Walk Ct 4/3.5 $2.225M, 3963 Wulfert Rd 4/6 $3.595M.

13 price changes: 922 Main St 3/1 now $539K, 1937 Roseate Ln 2/2 now $459,555; 1859 Farm Trail 3/2 now $624.9K, 4052 Coquina Dr 3/2 now $725K, 490 & 460 Old Trail 3/2.5 now $799K, 224 Daniel Dr 3/2.5 now $895K, 5410 Osprey Ct 3/2.5 now $999,999; 1813 Long Point Ln 3/2.5 now $1.15M, 1224 Kittiwake Cir 3/2 now $1.299M, 251 Christofer Dr 3/2.5 now $1.448M, 896 Angel Wing Dr 3/2.5 now $1.55M, 1202 Sand Castle Rd 4/2.5 now $1.649M, 1318 Seaspray Ln 5/3.5 now $3.25M.
 
11 new sales: 1866 Ibis Ln 2/2 listed at $529.5K, 450 Birdsong Pl 2/2 listed at $595K, 1270 Par View Dr 3/2 listed at $879K, 1565 Bunting Ln 3/2 listed at $899K, 9248 Kincaid Ct 3/2 listed at $899K, 9048 Mockingbird Dr 3/3 listed at $1.199M, 5294 Umbrella Pool Rd 3/2.5 listed at $1.379M, 913 Kings Crown Dr 4/3 listed at $1.695M, 505 Lighthouse Way 4/3.5 listed at $2.3495M, 640 Kinzie Island Ct 5/6.5 listed at $3.395M, 568 Lighthouse Way 3/3.5 listed at $4.8M.

4 closed sales: 864 Limpet Dr 3/2 $1.45M, 845 Birdie View Pt 3/3 $1.825M, 4449 Waters Edge Ln 3/3 $3.2M, 4697 Rue Belle Mer 4/5.5 $3.55M.

LOTS

2 new listings: 2615 Tamarind Rd $378K, 470 Sawgrass Pl $895K.

2 price changes: 355 Cowry Ct now $598.5K, 845 Pyrula Ave now $599K.

No new or closed sales.

Captiva

CONDOS

1 new listing: Beach Villas #2417 1/1 $750K.

No price changes.

1 new sale: Tennis Villas #3138 2/2 listed at $750K.

No closed sales.

HOMES

No new listings, price changes, or new sales.

1 closed sale: 16163 Captiva Dr 3/2 $3.3M.

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, Happy Cinco de Mayo!

Susan Andrews, aka SanibelSusan

Lots of Sunshine & Progress on Sanibel

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It is another sunny Friday here in Southwest Florida. No showers on-island yet this week, but noticeable new growth already from those last week. Wildflowers are popping up all over and trees sprouting greener. I was on-island this afternoon (sunroof open enjoying the 83-degree temps) and stopped about 3:30 to snap another picture of the bright teal water bayside. So much like the Caribbean and so beautiful this time of the year. Photo below from bay end of Buttonwood Ln.

As more properties are repaired, yards also are looking better. Many look better than they did before the storm.

I also saw many orchids blooming during my travels this week. Love those!

At SanibelSusan Realty

More roofers were working at Sanibel Square this week as we anxiously await work to begin on the inside. At home, appliances were delivered, so returning to live there now may only be weeks away. Furniture arriving next.

Dave and I were both productive with buyer prospects, though nothing to officially report yet. He showed investment condos on two days, while I showed canal-front homes. Lots of options for buyers to consider with some properties ready to be occupied, others needing from minor to extensive repairs.

The City had a Facebook Live event Wednesday night at BIG ARTS. Unfortunately, they had problems with the live transmission, but it was recorded and is still posted on their FB page for those interested in “Guidance on Restoring Your Sanibel Home”.

Following a couple of news items below are summary tables of island residential sales statistics and the action posted since last Friday in the island Multiple Listing Service. Good sales activity continues, particularly with Sanibel homes.

Yesterday at the April Membership Breakfast Meeting of the islands Association of Realtors, it was reported that there has been good restoration progress at the Association-owned building, which is at 2353 Periwinkle Way, behind Winds. Electric repairs are done, now awaiting final inspection. New HVAC to be installed next week, followed by repairs to roof trusses and southwest wall repairs before new roof.

Lee County Mosquito Control

The showers last week brought out skeeters, so last night and again tonight from sunset to 2 a.m. Lee County Mosquito Control District (LCMCD) advised the City that they are conducting aerial night missions. Weather permitting, by rotor wing aircraft, the areas of outer islands of Boca Grande, Useppa, Cabbage, Upper Captiva, Captiva, and Sanibel were treated. LCMCD provides mosquito control for Sanibel and all of Lee County. “Mosquito season” typically runs from May through October, and mosquito activity increases with rain, particularly after heavy rains that produce large areas of standing water. Due to the many mangroves, wetlands, and salt marshes, Sanibel is a prime breeding ground for mosquitos. Growing up on the Maine Coast, I often was covered with bites. Thanks to LCMCD, I rarely get them here.

Prescribed Burns on Sanibel

Last night an informational meeting was held at the J.N. “Ding” Darling Visitor and Education Center regarding Prescribed Burns on Sanibel. It was livestreamed on the Refuge Facebook page.

During the 2023 summer/fall season, the Sanibel Prescribed Fire Task Force is planning prescribed burns on the two conservation areas at the Refuge – the botanical site and on Legion curve. This year, fire season may be more active due to the damage caused by Hurricane Ian. The increased dead vegetation and decreased rainfall this time of the year pose a higher threat for wildfire. Prescribed burning in natural areas removes dead vegetation and replenishes nutrients in the soil, reducing risk of wildfire in adjacent communities and increases the health of habitats for recreation and wildlife.

When forecasted conditions are favorable, the Sanibel Prescribed Fire Task Force will issue notification that a prescribed burn is imminent and identify the specific location of the burn. All prescribed fires must be authorized by the Florida Forest Service on the morning of the burn.

To reduce the risk of wildlife around your home, the Sanibel Firewise Task Force recommends:

  • Trimming dead fronds from trees & tall grasses near homes,
  • Pruning large leafy hardwood trees so lowest branches are 6-10’ above ground,
  • Not storing combustible materials (like gas cans, firewood, building supplies) under or around homes,
  • Keeping mulch and other landscaping material well-watered.

For additional info, contact City of Sanibel Natural Resources Department at 239-472-3700.

Sanibel Rec Center Repairs

In a post from them today: “Positive recovery efforts continue at the Sanibel Recreation Center. The roof project has been fully completed and the replacement of the gymnasium maple floor and the pool geothermal heating/cooling units are well underway. We are anticipating a partial facility closure (closing of the lobby, weight room, gymnasium, Heron and Egret rooms) tentatively from May 15th though June 4th due to the fumes associated with the final lining and coasting of the new maple gymnasium floor. During this time, the pool, outdoor courts, fitness classes, and youth afterschool program will operate as regularly scheduled and front desk operations will be relocated to a mobile office in the front parking lot. The resurfacing of the outdoor courts and the restoration of the ballfields is on hold until osprey nesting season concludes in mid to late summer. We appreciate your flexibility and understanding as we continue to take strides forward!”

The same notice included info on several new fitness classes including Jazzed-up Dance, Group Strength, Balance and Core, also Zoom Barre and Zoom Tai Chi. Check out their full schedule on their Facebook page.

Sanibel & Captiva Islands Real Estate

 

SANIBEL CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 73 1,071,892 74 131 1,535,826 75 25 1,222,880 73
Under contract 15 924,393 69 32 1,597,517 69 5 772,555 7
Sold 2023 to 4/28 44 934,420 45 123 1,142,165 47 9 968,777 93
Sold 2022 123 1,136,199 44 184 1,597,868 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 12 1,545,125 79 9 6,121.555 152 1 15,500,000 398
Under contract 2 1,375,000 15 2 3,195,000 47 0 N/A N/A
Sold 2023 to 4/29 3 984,000 140 6 3,008,166 64 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity April 21-28

Sanibel

CONDOS

4 new listings: Sunset South #1B 2/2 $629K, Blind Pass #B208 2/2 $650K, Sundial #C406 1/1 $699K, Sundial #D201 2/2 $875K.

3 price changes: Sundial #A303 1/1 now $798.5K, Sandpiper Beach #504 2/2 now $995K, Gulfside Place #308 2/2 now $1,387,555.

1 new sale: Mariner Pointe #533 2/2.5 listed at $699K.

1 closed sale: Seashells #38 2/2 $320K.

HOMES

4 new listings: 2991 Singing Wind Dr 3/2 $649K, 1565 Bunting Ln 3/2 $899K, 1425 Causey Ct 4/3 $1.395M, 1500 Middle Gulf Dr 3/3.5.5 $2.35M.

4 price changes: 9438 Moonlight Dr 3/2 now $714K, 1326 Tahiti Dr 2/2 now $945K, 617 East Rocks Dr 3/2 now $998,995; 1163 Kittiwake Cir 3/3 now $1.15M.

9 new sales: 1672 Atlanta Plaza Dr 2/2 listed at $449K, 1046 Sand Castle Rd 2/2 listed at $847K, 1720 Middle Gulf Dr 3/2 listed at 900K, 4565 Bowen Bayou Rd 3/2 listed at $1.15M, 1398 Middle Gulf Dr B 4/5.5 listed at $1.295M, 1027 Kings Crown Dr 4/3 listed at $1.495,555; 2643 Coconut Dr 3/2 listed at $1.499M, 657 Birdie View Pt 3/3 listed at $1.639M, 940 Beach Rd 4/4.5.5 listed at $2,999,999.

7 closed sales: 3301 Twin Lakes Ln 2/2 $605K, 647 Rabbit Rd 3/2 $720K, 1321 Par View Dr 3/2.5 $1.9M, 9484 Peaceful Dr $1.24M, 1015 Sand Castle Rd 3/2 $1.245M, 641 Lake Murex Cir 4/3 $1.405M, 1320 Seaspray Ln 3/4.5 $2.7M.

LOTS

3 new listings: 2505 Island Inn Rd $375K, 1105 Shell Basket Ln $649K, 651 Donax St $800K.

No price changes.

3 new sales: 6019 Clam Bayou Ln listed at $997,775; 6017 Clam Bayou Ln listed at $1.1M; 2563 Coconut Dr listed at $1.185M.

1 closed sale: 1746 Windward Way $445K.

Captiva

CONDOS

No new listings or price changes.

2 back on market: Bayside Villas #4122 1/2 $610K, Beach Cottages #1414 2/2 $1.495M.

No new or closed sales.

HOMES

2 new listings: 11511 Laika Ln 3/2 $2.195M, 16321 Captiva Dr 5/4 $4.35M.

1 price change: 11401 Old Lodge Ln 2/3.5 now $5.995M.

No new or closed sales.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association, or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

Until next Friday, Susan Andrews, aka SanibelSusan

When Island Waters Resemble the Caribbean

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It’s another sunny Friday here in Southwest Florida. Following the Wednesday shower last week, we also got a good dousing over the weekend, so the islands are greening up nicely and the wildlife likely thankful for fresh water.

When I saw SCCF’s (Sanibel-Captiva Conservation Foundation) aerial posted this morning in their weekly update, I had to share it. Taken at high tide (which was 2.1’) on April 17, it shows the brilliant colors of the gulf and bay waters surrounding the lighthouse. It always reminds me of the Caribbean when I cross the causeway and see it like this. Their report also said that flow from Lake Okeechobee into the Caloosahatchee River was optimum for the last seven days. These vivid water colors are typical this time of the year, or until the rainy season picks up. Enjoy the view!

At SanibelSusan Realty

It is a bit discouraging on our daily island treks to check the status at the office and not see much recovery progress. Thankfully while Sanibel Square construction is slow, work has picked up at my home. After taxes, last weekend, I even did a little furniture shopping with deliveries arriving early May. This week, new countertops and windowsills were installed, plus plumbing. Some hardware, electrical and paint fixups remain, then appliances. I should be back living on Sanibel in just a few weeks. It will be sooo great to be back home.

Real estate sales activity may be slowing down now that the weather is turning and some residents head north, but there continue to be new listings and plenty of price adjustments on those that may have been priced ambitiously. Following a couple of news items below is the action posted since last Friday in the island Multiple Listing Service.

It continues to be a surprise when we see more properties demolished. Having lived here for 31 years, I still sometimes forget where I am when an area has changed so much that it is no longer recognizable.

Island Happenings

Sat, Apr 22, Conservation Carnival – Join J.N. Ding Darling Wildlife Refuge at their Earth Day celebration at Lakes Regional Park (Ft Myers) tomorrow. Free family fun from 10 a.m. to 2 p.m. including music, food, conservation-themed carnival games, ranger-led programs/walks, rock-climbing wall, archery, facepainting, & more.

Sun, Apr 23, Sanibel School Seahorse Festival – This annual event is for a great cause and lots of fun. Open to the community from noon until 4 p.m. on the Sanibel School lawn. Entry is free with game tickets available. Enjoy inflatables, music, facepainting, food, crafts, and more. Mayor Johnson also will be ready at the “dunk tank”.

Sun, through end of May, Sanibel Farmers Market – Sunday morning markets (8 a.m. to 1 p.m.) will continue in the Jerry’s parking lot through the end of May.

Wed, May 3, Islands Night – The 30-year tradition continues at the Hammond Stadium in Ft Myers when the Mighty Mussels play the Dunedin Blue Jays. The islands Association of Realtors is one of the sponsors. Tickets are free, pick them up at the Refuge Nature Store (open Sat through Thurs in “Ding” Darling Visitor and Education Center).

Sanibel & Captiva Islands Real Estate

SANIBEL CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 70 1,094,852 72 139 1,553,459 72 24 1,295,240 70
Under contract 15 893.736 65 29 1,624,344 47 3 358,333 8
Sold 2023 to 4/21 43 948,709 45 115 1,120,620 46 8 1,034,250 105
Sold 2022 123 1,136,199 44 184 1,597,868 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 11 1,549,681 81 8 6,637,375 165 1 15,500,000 391
Under contract 2 1,375,000 4 2 3,195,000 47 0 N/A N/A
Sold 2023 to 4/21 3 984,000 140 6 3,008,166 64 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity April 14-21

Sanibel

CONDOS

1 new listing: Sunset South #8A 2/2 $849K.

No price changes.

2 new sales: Island Beach Club #340B 2/2 listed at $699K, Sanctuary Golf Villages 1 #5-5 2/2.5 listed at $1.298M.

2 closed sales: Sunset South #10B 2/2 $580K, Sanibel Surfside #122 2/2 $900K.

HOMES

9 new listings: 9210 Dimmick Dr 2/2 $659K, 9431 Moonlight Dr 3/2 $714K, 1377 Sand Castle Rd 3/2 $799K, 1089 S. Yachtsman Dr 3/2.5 $1.295M, 896 Angel Wing Dr 3/2.5 $1.649M, 2501 Wulfert Rd 4/4.5 $2.15M, 815 Birdie View Pt 3/2 $2.195M, 1175 Bird Ln 4/3.5 $4.5M, 3635 West Gulf Dr 4/4.5 $4.95M.

13 price changes: 1937 Roseate Ln 2/2 now $495,555; 922 Main St 3/1 now $549K, 1448 Albatross Rd 3/2 nor $879K, 438 Lake Murex Cir 2/2 now $899K, 2042 Wild Lime Dr 3/2 now $929K, 540 East Lake Rd 3/2 now $1.025M, 241 Violet Dr 3/2.5 now $1.179M, 997 Fish Crow Rd 3/2 now $1.195M, 9048 Mockingbird Dr 3/3 now $1.199M, 3205 Twin Lakes Ln 3/2 now $1.295M, 3050 West Gulf Dr 3/2.5 now $1.45M, 566 N Yachtsman Dr 3/2 now $1.495M, 2540 Coconut Dr 4/3.5 now $1.599M.

1 back on market: 1242 Par View Dr 3/2 $899K.

4 new sales: 2479 Blind Pass Ct 3/2 listed at $1.15M, 1507 Angel Dr 3/2.5 $1.222M, 663 East Rocks Dr 3/3 listed at $1.348M, 3941 West Gulf Dr 4/4.5 listed at $4.25M.

4 closed sales: 996 Greenwood Ct S 3/2.5 $669K, 1679 Serenity Ln 3/2 $700K, 985 Oyster Ct 4/4 $1.65M, 519 Kinzie Island Ct 4/3.5 $2.496M.

LOTS

2 new listings: 6019 Clam Bayou Ln $997,775; 6017 Clam Bayou Ln $1.1M.

1 price change: 5086 Joewood Dr now $950K.

No new sales.

1 closed sale: 460 Sawgrass Pl $850K.

Captiva

CONDOS

No new listings or price changes.

1 back on market: Lands End #1667 2/2 $1.599M.

No new sales.

1 closed sale: Tennis Villas #3227 1/1 $477K.

HOMES

No new listings.

1 price change: 11516 Wightman Ln 5/4.5 now $3.75M.

No new or closed sales.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association, or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

Until next Friday, Susan Andrews, aka SanibelSusan

Another Sweet Sunny Friday on Sanibel Island

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Beginning this sunny Friday with a quick weather update. Often heavy showers on Wednesday helped settle the hurricane dust and provide some much-needed water for island critters and vegetation. There had been no significant rain since the hurricane, so we were thankful to get some, luckily without the flooding that the Ft Lauderdale area received. The forecast for the next week calls for partly cloudy days in the low 80’s, with rain chances daily ranging from 5-45%. It was another beautiful day today crossing the causeway with sunroof open.

At SanibelSusan Realty

There was more roof progress this week at Sanibel Square but still no move-in date. The team and I are becoming pros at working remotely. There was more progress this week at my home too. Furniture shopping is on my weekend agenda.

Island News

I noticed a couple of positive posts on social media this week.

Island Inn posted photos showing their rebuilding process has begun.

While South Seas Resort posted: “We’re thrilled to announce that we’re planning on partially reopening in the fall! Our team has been working hard to rebuild and enhance our resort, and we can’t wait to welcome you back to our beautiful island paradise. While the resort is still under renovation, condos, villas, and other accommodations will be available to guests who will have access to a pool, the beach, and delicious food trucks on site.”

A photo was posted of The Bait Box being raised about 7’. I also noticed it driving by.

The “Santiva Chronicle” posted renderings of what the new Island Cow restaurant will look like. The contract was awarded to Stevens Construction with building expected to begin in August and complete early next year. It will be about 1,000 sq. ft. larger than the original restaurant and will feature both indoor and outdoor seating.

Tues, April 12, Sanibel City Council Meeting with Post-Ian Progress Update April 12 – I followed the meeting on Facebook Live. To listen to the full meeting, go to the City of Sanibel FB page. My summary of Post-Ian presentation is below.

Building & Planning Depts – City Manager Souza advised that the Building & Planning Departments continue to work out of Whiskey Creek Dr in Ft Myers, but their new offices on the former bank building on Library Way should be ready soon – just awaiting new roof.

Beach Parking – Public pay beach accesses (Tarpon Bay Rd, Blind Pass, Gulfside City Park, Bowman’s Beach, Tuner Beach) and the boat ramp are all open. No date yet on Lighthouse Beach reopening. Also all parking for A/B stickers are open except Accesses 2, 4, and 7 on West Gulf Dr. City Manager Souza thanked the hardworking Public Works employees and volunteers patrolling the beach. Total beach permit stickers issued now 2,064 with resulting revenue increase.

Causeway Traffic – now over 8,000 vehicles daily with reduction on weekends, illustrating that it’s mostly weekday workers.

Building Permits – Through April 3, 3,589 permits have been issued with 611 complete. Those include: 1,229 roof, 736 emergency, 574 mechanical, 508 electrical, 134 demolition. Turn-around time for permits remains 5-days for review, 3 days for any resubmissions.

Debris Removal – between Crowder Gulf & the state programs (PPDR/CPDR) over 2.2 million cubic yards have been removed. Crowder Gulf took an Easter break but is back to work. Residents/owners are reminded NOT to place any debris in the right-of-way. Code enforcement and police are issuing citations for offenders. Time has ended for application to PPDR/CPDR, property owners now are obligated to remove debris themselves. Waste management cannot collect contractor debris.

Positive News – Building permits were up 30% in March. Rec Center use was up 36% (their Easter event had 307 people). Also “Shine on Sanibel” shirts and hats available at Rec Center.

Property Tax Relief – Deadline was April 3. County must approve/deny requests by June 1.

May City Council Meeting – will discuss sod in right-of-way.

Enforcement – Sanibel Code Enforcement is checking property with workers present to ensure they have building permits. Also checking properties that do not have pool barriers, and those that have not removed their debris. (Residents are asked to notify Sanibel Code Enforcement if a property near them with damage remains untouched. Also state DBPR is inspecting construction sites to be sure contractors are licensed. Also FEMA inspectors have been at City monthly reviewing processing with 50% rule and are performing field audits.

Wed, May 3, Islands Night – The 30-year tradition continues at the Hammond Stadium in Ft Myers when the Mighty Mussels play the Dunedin Blue Jays. Tickets are free, pick them up at the Refuge Nature Store (open Sat through Thurs in “Ding” Darling Visitor and Education Center).

Sanibel & Captiva Islands Real Estate

Yesterday, the Islands Association of Realtors held a Caravan Meeting at BIG ARTS where the meeting began with an update by Sanibel Natural Resources Dept personnel. The morning Caravan that followed was our biggest since the storm, with ten homes and a condo open for viewing.

The action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Service is after the inventory summary below. On the commercial side, the T-Shirt Hut property at 1504 Periwinkle Way listed at $759K went under contract this week.

SANIBEL CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 70 1,092,709 66 136 1,569,447 69 22 1,320,363 70
Under contract 15 866,926 70 30 1,521,599 42 4 500,000 23
Sold 2023 to 4/14 41 958,890 43 111 1,111,327 47 7 1,060,571 110
Sold 2022 123 1,136,199 44 184 1,597,868 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 9 1,648,611 91 8 6,668.500 158 1 15,500,000 384
Under contract 3 1,088,333 8 2 3,195,000 47 0 N/A N/A
Sold 2023 to 4/14 2 1,237,500 172 6 3,008,166 64 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity April 7-14

Sanibel

CONDOS

3 new listings: Sundial #D309 1/1 $519K, Captains Walk #B5 1/1 $529K, Pointe Santo #D4 2/2 $1.048M.

1 price change: Island Beach Club #340B 2/2 now $699K.

4 new sales: Oceans Reach #2D4 2/2 listed at $1M, Sanctuary Golf Villages 1 #5-2 3/3 listed at $1.198M, Atrium #202 2/2 listed at $1.249M, Gulfside Place #213 3/3 listed at $2.6M.

1 closed sale: Seashells #20 2/2 $449K.

HOMES

8 new listings: 530 Piedmont Rd 3/2 $549K, 83 Durion Ct 3/2 $824.9K, 474 Lake Murex Cir 3/2 $1.12M, 935 Pecten Ct 3/2 $1.449M, 235 Palm Lake Dr 3/2 $1.455M, 815 Birdie View Pt 3/3 $2.195M, 963 Kings Crown Dr 3/3 $2.495M, 640 Kinzie Island Ct 5/6.5 $3.395M.

13 price changes: 1270 Par View Dr 3/2 now $879K, 887 Casa Ybel Rd (duplex) 5/3 now $699K, 1160 Buttonwood Ln 3/2 now $989K, 1667 Sabal Sands Rd 3/3 now $999K, 1720 Middle Gulf Dr 3/2 now $900K, 1326 Tahiti Dr 2/2 now $995K, 950 Cabbage Palm Ct 3/2 now $1.298M, 5294 Umbrella Pool Rd 3/2.5 now $1.379M, 2643 Coconut Dr 3/2 now $1.499M, 1586 Century Ct 3/2.5 now $1.15M, 1365 Jamaica Dr 3/2.5 $1.85M, 5750 San-Cap Rd 3/2 now $1.999M, 3611 West Gulf Dr 4/4.5 now $3.75M.

1 back on market: 4797 Rue Helene 3/2 $1.35M.

5 new sales: 647 Rabbit Rd 3/2 listed at $725K, 1283 Par View Dr 2/2 listed at $999K, 750 Sand Dollar Dr 2/2 listed at $1.075M, 926 Lindgren Blvd 3/2 listed at $1.595M, 1320 Seaspray Ln 3/4.5 listed at $2.995M.

11 closed sales: 1073 Sand Castle Rd 3/2 $640K, 1145 Sabal St 5/4 $650K, 1057 Blue Heron Dr 3/3 $675K, 1477 Albatross Rd 4/3 $690K, 4144 West Gulf Dr 2/2 $924.5K, 4733 Rue Belle Mer 3/2 $850K, 3060 West Gulf Dr 3/2 $899K, 4677 Rue Bayou 3/3 $1.125M, 918 Kings Crown Dr 3/2.5 $1.225M, 5721 San-Cap Rd 3/3.5.5 $1.545M, 3615 West Gulf Dr 4/4.5 $4.25M.

LOTS

1 new listing: 5086 Joewood Dr $1.25M.

No price changes, new or closed sales.

Captiva

CONDOS

2 new listings: Tennis Villas #3138 2/2 $750K, Lands End #1645 2/2 $2.295M.

No price changes, new or closed sales.

HOMES

1 new listing: 11511 Laika Ln 3/2 $2.195M.

No price changes, new or closed sales.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association, or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

Until next Friday, Susan Andrews, aka SanibelSusan

Easter Weekend 2023 on Sunny Sanibel

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It is another sunny Sanibel Friday with warm temperatures. It was a tad warmer yesterday, so no surprise later in the evening when a shower passed over. Rain is badly needed both for wildlife, vegetation, and to clear away the hurricane muck dust. Perhaps, rainy season will begin early this year.

Driving the islands, recovery continues slowly. Roofing is the most obvious work underway in addition to vegetation clean-up. More ground-level structures are coming down, sometimes making one think back to what was there. I had to do that yesterday on West Gulf Dr when I drove by the former site of the Christian Scientist Church, which is no more, at the entrance to Palm Lake.

While some are being demolished and others repaired, more and more are coming back to their pre-storm or better than pre-storm condition. At my home, where Dave often checks progress, he reported that a painter already was working at 7:30 a.m. When I stopped mid-afternoon, other workers were at it! Yay! It’s getting closer.

While on island this afternoon, I took a ride out Woodring Rd, posted a video on Facebook, and also got these two pictures. The osprey nest is at the park at the end of Dixie Beach Blvd, while the view of San Carlos Bay is from just up the street.

After that, I made a stop at the Recreation Center.

If you still need a “Shine on Sanibel” shirt for an Easter Basket, they still have some!

At SanibelSusan Realty

Finally, some progress this week as our building in Sanibel Square had roofers working. Our fingers are crossed that interior restoration begins next.

Both teammate Dave and I showed property last weekend and earlier in the week, while he also checked our listings today. When out doing that he spied a couple of boats inside the sandbar in front of Gulfside Place. That was enough for him to hustle up the beach and take a couple of photos!

No offers yet from the property viewings this week, but we made good progress with multiple home buyers, had another nice closing, and continue to market.

I also fielded several calls from owners working on their taxes and wondering if they can claim casualty loss because the value of their property changed because of the storm. Realtors may provide an opinion of value (appraisals must come from a licensed appraiser) but determining that value can be difficult, particularly if there are no comparable sales,

The Sanibel market demonstrated a busy first quarter, more sales than most years in many communities. Did property values decrease following Ian? Probably, if they were damaged, but only the amount needed to restore them to before hurricane condition.

Island News

Turner Beach Opening Today – The City of Sanibel & Lee County opened beach parking at Turner Beach (17200 Captiva Dr) today (25 parking, plus 2 handicapped). The beach is owned by Lee County but managed by Sanibel through an interlocal agreement. County DOT and Sanibel Public Works staff worked in collaboration to repair damage to the facility which has been closed since Hurricane Ian made landfall. The restrooms remain closed; however the county has staged portable toilets for patron use.

SanCap Citizens for Resilient Future: Emerging from Hurricane (Part 2) April 11 – at BIG ARTS Performance Hall from 6 to 8 p.m. This is the 2nd event in a community series hosted by the SanCap Citizens for a Resilient Future together with the City of Sanibel. The 1st event focused on sharing community stories and collecting feedback to guide a citizen-led planning effort focused on rebuilding greater resiliency for the future. The 2nd event will delve into lessons learned and where we go from here, with a specific focus on our built environment (structures) and our natural systems (conservation lands, coast lines and residential landscapes). Local experts in key areas of community resilience will describe what worked well in the face of Hurricane Ian, what did not, and what lessons and best practices can help in the future. (Remote viewing on the City of Sanibel Facebook page. No registration needed, just come on log on.)

Sanibel City Council Meeting with Post-Ian Progress Update April 12 – meeting begins at 9 a.m. Progress Update is 5th agenda item. Watch it on City of Sanibel Facebook Live.

Concert Rescheduled May 16 – The Community Chorus joint concert with the singers from the Sanibel School scheduled this week was canceled at the last minute due to illness of the school music director. I got the word last night that it’s been rescheduled for May 16 at 6:30 p.m. at BIG ARTS Performance Hall.

Sanibel & Captiva Islands Real Estate

The action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Service is after the inventory summary below. You will notice in the summary tables that a line was added to compare sales to date this year, to sales to date last year.

The number of Sanibel closed home sales far exceeded those during the same time last year. Interestingly in some communities, that action exceeded even the number of sales in all of last year. Those include Chateau Sur Mer, Gulf Pines, Gulf Shores, Lake Murex, Sanibel Shores, Shell Harbor and Tradewinds.

Usually, sales activity here slows down after Easter. This year could be an exception with many prospective buyers just awaiting a place to stay. There still are few short-term accommodations on the islands (Island Inn and Tween Waters).

SANIBEL CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 71 1,133,685 64 132 1,583,833 66 21 1,323,714 66
Under contract 12 618,825 49 37 1,459,959 32 4 500,000 23
Sold 2023 to 4/6 40 971,637 43 100 1,098,839 46 7 1,060,571 110
Sold 2022 to 4/7 52 1,006,830 46 72 1,708,673 67 11 656,909 206
Sold 2022 123 1,136,199 44 184 1,597,868 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 7 1,684,642 110 7 7,307,571 174 1 15,500,000 377
Under contract 3 1,088,333 8 2 3,195,000 47 0 N/A N/A
Sold 2023 to 4/6 2 1,237,500 172 6 3,008,166 64 0 N/A N/A
Sold 2022 to 4/7 14 1,413,323 46 10 3,678,750 348 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity Mar 31 – Apr 7

Sanibel

CONDOS

1 new listing: Kings Crown #217 2/2 $1.6M.

3 price changes: Loggerhead Cay #592 2/2 now $825K, Sanctuary Golf Village I #1-1 2/2.5 now $1.025M, Seascape #305 3/3 now $1.995M.

2 new sales: Tennisplace #A22 2/1 listed at $450K, Island Beach Club #220F 2/2 listed at $759K.

4 closed sales: Captains Walk #A6 1/1 $400K (SanibelSusan listng), Tennisplace #B22 2/2.5 $489K, Sundial #F403 2/2 $795K, Gulfside Place #319 3/2 $1.445M.

HOMES

9 new listings: 1866 Ibis Ln 2/2 now $529.5K, 442 Lake Murex Cir 3/2 $699K, 647 Rabbit Rd 3/2 $725K, 2134 Egret Cir (1/2 duplex) 3/2 $829K, 224 Daniel Dr 3/2.5 $945K, 438 Lake Murex Cir 2/2 $995K, 1171 Seagrape Ln (duplex) 2/2 $1.195M, 2/2663 East Rocks Dr 3/3 $1.348M, 1352 Eagle Run Dr 3/2.5 $1.699M, 5750 San-Cap Rd 3/2 $2.492M.

9 price changes: 1018 S Yachtsman 3/3 now $1.03M, 5410 Osprey Ct 3/2.5 now $1.099M. 1326 Tahiti Dr 2/2 now $1.395M, 4565 Bowen Bayou Rd 3/2 now $1.15M, 9048 Mockingbird Dr 3/3 now $1.274M, 682 Pyrula Ave 4/4.5 now $2.095M, 505 Lighthouse Way 4/3.5 now $2.3495, 417 Bella Vista Way E 4/4 now $3.25M.

5 new sales: 1242 Par View Dr 3/2 listed at $899K, 1015 Sand Castle Rd 3/2 listed at $1.275M, 9027 Mockingbird Dr 4/3 $1.3M, 2629 Coconut Dr 4/3 listed at $1.698M, 1718 Jewel Box Dr 4/4.5 listed at $3.6M.

7 closed sales: 994 Greenwood Ct N 3/3 $470K, 1314 Tahiti Dr 3/2 $625K, 676 Cardium St 4/2 $725K, 1043 Blue Heron Dr 3/3 $1.1M, 698 Anchor Dr 5/5.5 $1.615M, 950 Victoria Way 4/4 $2.1M, 466 Sea Oats Dr 4/4 $2.199M.

LOTS

2 new listings: 2933 Wulfert Rd $478K, 1825 Long Point Ln $799K.

3 price changes: 2356 Wulfert Rd now $334K, 808 Pyrula Ave now $650K, 4657 Rue Belle Mer now $3.995M.

No new or closed sales.

Captiva

CONDOS

1 new listing: Lands End #1667 2/2 $1.599M.

No price changes.

1 back on market: Bayside Villas #4204 1/2 $614.5K.

1 new sale: Marina Villas #906 2/2 listed at $1.2M.

No closed sales.

HOMES

No new listings or price changes:

1 new sale: 11530 Chapin Ln 3/2 listed at $2.395M.

1 closed sale: 11460 Old Lodge Ln 4/3 $2.399M.

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 Easter!

Until next Friday, Susan Andrews, aka SanibelSusan

Wrapping Up 1st Quarter on Sunny Sanibel

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As we pass the six-month anniversary of Hurricane Ian, sunny weather with temperatures in the mid-80’s continues. It is encouraging to see more recovery progress on the islands including the following updates this week:

Sanibel Home Mail Delivery – Yay! Mail delivery began on Monday to properties with mailboxes. It has been great to get mine at my home. It will be even better when I can move back home. It should only be weeks away now. The temporary post office quarters remain for pickup of post office box mail, commercial, and stamp sales, etc. The blue mailbox there is available for outgoing mail.

More Structures Coming Down – Wednesday driving by West Wind Inn, I saw their west-most buildings coming down, including former sites of Normandie Seaside Café, the pool bar, & many hotel rooms. More came down yesterday, continuing into today. (Yes, they are rebuilding, or so I heard.)

“Saltwater Kill” Tree Removal Underway – Some have questioned why many trees are coming down along streets within City public rights-of-way. These trees have been marked with spray paint following inspection by a certified arborist working with the City’s debris contractor. Their removed is as part of the post-hurricane “Saltwater Kill Tree Survey & Remediation Plan” which is described on the City website as a plan being implemented to address impacts that occurred due to saltwater inundation from Hurricane Ian. Marked are the trees that have become or have the potential to become hazardous within the public rights-of-way.

Signs of Rebuilding – Here and there where structures have come down, signs are going up indicating what is to be built in that location. This week, I noticed quite a few showing modular homes. Also, a sign went up in front of the now demolished “Island Cow” restaurant showing what the new building will look like.

Millennials Now Driving Luxury Market

From April 2023 “Florida Realtor” magazine: “Millennials are now driving the U.S. luxury homebuying market, a significant shift from the baby boomers, according to a recent trend report by Engel & Volkers. One key finding was that second home buyers are most likely to be married millennials or Gen Xers with children living in the household. Nearly all want this residence to be convenient for recreational activities and home amenities, including pools, gyms and spas.

“Nearly 60% of consumers looking to purchase a home above $3M were millennials, including work-from-anywhere professionals and executives. For first-time millennial and Gen Z buyers making more than $100,000 in yearly household income, neighborhood vibe, walkability and proximity to both restaurants and work were key factors in choosing a home.

”Baby boomers will continue to have a lasting effect on our economy, empowering millennials with financial means to largely drive the buy side of the real estate market in the years to come,” said Anthony Hitt, president and CEO, Engel Volkers Americas. “For real estate professionals serving the luxury segment, it’s important to understand and adapt to the evolving preferences of new generations who are taking up more space in the market.”

At SanibelSusan Realty

Still waiting for construction to begin at our office, but roof work continues at The Bean, plus clean-up where the two off-the-foundation buildings came down behind and next to our office.

Dave and I continue our daily work on the island. I showed property several times this past week (canal-front homes), fielded inquiries from buyers up north, followed up on action items with sales in the pipeline, and sent a variety of emails to prospective purchasers that should be buying now. Dave performed our weekly listing checks this morning, while Lisa continues with her weekly updates to our inventory reports (which always are in great demand).

If you are on island this coming Tuesday, April 4, be sure to come to BIG ARTS Performance Hall for the 6:30 p.m. concert featuring the Sanibel School choir, their Seahorse Chorale, plus the BIG ARTS Community Chorus singers. It’s free! Will be about an hour. With songs by each group individually plus four together, it’s bound to be fun. (I sure hope this old alto can keep up. The youngest of those kiddos is seven, while the eldest of our singers is 94.)

Sanibel & Captiva Islands Real Estate

The action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Service is after the inventory summary below.

The title companies report they have many closings today (last day of the 1st quarter) so next week once those sales are reported in MLS, my update will include a summary compared to last year. (Those prospects sitting on the fence waiting for more price reductions probably can keep wishing. Though there are plenty of price adjustments posted each week, that’s indicative of a strong market. There also are many sales reported. When there are more sales than new listings, the market turns. As the numbers will show, sales year-to-date are way ahead of last year at this time. Are prices adjusted for properties needing reconstruction? Sure, but Sanibel remains strong.)

Continuing also with an update on commercial offerings, the price of the site of the former Sandbar Restaurant (now demolished) at 2761 West Gulf Dr was reduced this week to $2.095M. Two commercial properties also came on the market. They may be purchased separately or together. 1544 Periwinkle Way for $1.695M and 905 Fitzhugh St for $1.295M, together for $2.8M (formerly Sanibel Seashell Industries, SeaShells.com).

SANIBEL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

73

1,113,021

59

128

1,606,976

64

19

1,425,736

65

Under contract

14

671,064

56

41

1,406,158

39

4

500,000

19

Sold 2023 to 3/31

36

982,680

38

92

1,084,236

43

7

1,060,571

110

Sold 2022

123

1,136,199

44

184

1,597,868

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale

7

1,768,285

99

6

7,133,833

194

1

15,500,000

370

Under contract

3

905,000

13

2

3,195,000

42

0

N/A

N/A

Sold 2023 to 3/31

2

1,237,500

172

6

3,008,166

64

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

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

Sanibel

CONDOS

6 new listings: Sundial #I105 1/1 $374.9K, Seashells #40 2/2 $449K, Sundial #I104 1/1 $519K, Sundial I207 1/1 $599K, Sundial #G206 1/1 $599.9K, Sundial #I202 1/1 $615K.

2 price changes: Island Beach Club #220F 2/2 now $759K, Mariner Pointe #711 3/2 now $795K.

5 new sales: Seashells #38 2/2 listed at $415K, Seashells #20 2/2 listed at $469K, Loggerhead Cay #412 2/2 listed at $749K, Kings Crown #208 2/2 listed at $870K, Sanibel Surfside #122 2/2 listed at $995K.

5 closed sales: Sanibel Arms #B7 1/1 $280K, Sundial #H209 1/1 $615K, Mariner Pointe #642 2/2 $750K, Sanctuary Golf Villages I #4-1 3/3 $1.225M, Atrium #106 2/2 $1.605M.

HOMES

6 new listings: 4269 Gulf Pines Dr 2/2 $899K, 997 Fish Crow Rd 3/2 $1.295M, 1072 S Yachtsman Dr 3/2 $1.399M, 1326 Tahiti Dr 2/2 $1.495M, 1698 Coconut Dr 4/3 $1.698M, 1026 Fish Crow Rd 3/2 $1.996M.
 
18 price changes: 1835 Ardsley Way 2/2 now $498K, 1754 Windward Way 2/2 now $599K, 1811 Ibis Ln 2/2 now $630K, 4752 Rue Helene 2/2 now $699K, 1125 Captains Walk St 3/3 now $899K, 1448 Albatross Rd 3/2 now $929K, 617 East Rocks Dr 3/2 now $1.05M, 540 East Lake Rd 3/2 now $1.06M, 750 Sand Dollar Dr 2/2 now $1.075M, 1586 Century Ct 3/2.5 now $1.25M, 1398 Middle Gulf Dr B 4/5.5 now $1.295M, 1121 Sabal St 3/2.5 now $1.4M, 979 Whelk Dr 3/3 now $1,449M, 251 Christofer Ct 3/2.5 now $1.449M, 1202 Sand Castle Rd 4/2.5 now $1.695M, 4161 Dingman Dr 3/3 now $1,999,999; 1320 Seaspray Ln 3/4.5 now $2.995M, 940 Beach Rd 3/4.5.5 now $3.25M.

4 back on market: 1937 Roseate Ln 2/2 $537,555; 1520 Angel Dr 3/2 $1.222M, 915 Pecten Ct 5/5 $2.595M, 4697 Rue Belle Mer 4/6 $3.8M.

11 new sales: 470 Birdsong Pl 2/2 listed at $550K, 3301 Twin Lakes Ln 2/2 listed at $649M, 465 Lake Murex Cir 2/2.5 listed at $725K, 1679 Serenity Ln 3/2 listed at $749K, 4677 Rue Bayou 3/3 listed at $1.2495M, 4797 Rue Helene 3/2 listed at $1.35M, 918 Kings Crown Dr 3/2.5 listed at $1.449M, 1224 Buttonwood Ln 3/2.5 listed at $1.45M, 1520 Angel Dr 4/4.5 listed at $3.2M, 4449 Waters Edge Ln 3/3 listed at $3.499M, 4697 Rue Belle Mer 4/5.5 listed at $3.8M.

6 closed sales: 1140 Sandpiper Cir 3/2.5 $625K, 42208 West Gulf Dr 2/2 $725K, 3711 Agate Ct 3/2.5 $800K, 1140 Junonia St 3/2 $999K, 1290 Par View Dr 4/2 $1M, 645 Donax St 4/3 $1.52M.

LOTS

No new listings.

2 price changes: 2807 West Gulf Dr now $1.199M, 2761 West Gulf Dr now $2.095M.

1 new sale: 9268 Belding Dr listed at $435K.

1 closed sale: 328 Palm Lake Dr $630K.

Captiva

CONDOS

3 new listings: Bayside Villas #5208 1/2 $615K, Bayside Villas #5232 1/2 $655K, Marine Villas #906 2/2 $1.2M.

No price changes or new sales.

1 closed sale: Beach Villas #2235 4/3 $1.8M.

HOMES

No new listings or price changes:

1 new sale: 11530 Chapin Ln 3/2 listed at $2.395M.

1 closed sale: 11460 Old Lodge Ln 4/3 $2.399M.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association, or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

Until next Friday, Susan Andrews, aka SanibelSusan

Another Sunny Sanibel Friday

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I hope you are not tired of hearing that it’s another sunny Friday in SW Florida, as progress continues toward recovery. Lee County Schools were out this week for spring break, and it was fun to hear that a group of Sanibel School students and parent chaperones are exploring Japan during their time off.

Sanibel City Council met on Tuesday with their agenda including a Post-Ian Update, while the Sanibel & Captiva Islands Association of Realtors held their March Membership Breakfast Meeting yesterday. More info on both of those below.

On the home front, my house restoration continues. I move into my last temporary apartment next Sat, April 1. Fingers crossed that it has better internet service than my present spot which has been in technology hell this week. Hence today’s delay. Thank goodness when computer and printers aren’t working, there are iPhones and iPads.

I made a surprise late day trip to the island today to show a home. When stopping at the Post Office for mail, I couldn’t help but notice that our office in Sanibel Square still hasn’t started restoration, but I did sadly see the demolition of the two neighboring commercial cottages there that ole Ian rocked off their foundations. Formerly rented by Sanibel Beauty Salon and Ding Darling Nature Store, those buildings now are demoed. (I guess this is progress.)

Sanibel & Captiva Real Estate

The action posted since last Friday in the Sanibel & Captiva Islands Multiple Listing Service is after that news and an inventory summary below. As inventory continues to grow, more prices are adjusted. There certainly are plenty more choices for buyers who were sitting on the fence last year.

Another Sanibel commercial property was posted in MLS this week – Lazy Flamingo Plaza at 6520 Pine Ave (site of the former Santiva General Store, Sunset Grill, the original Lazy Flamingo, and their corporate office and apartments), approximately 1.8 acres, asking $15M.

Sanibel Update

At the Tuesday, March 21, City Council Meeting, reelected members Richard Johnson and Holly Smith were sworn in, followed by Council selection of new Mayor and Vice Mayor, which are Rickard Johnson and Mike Miller, respectively. This group works so well together and has accomplished so much especially over the last six months. We owe them all a big thank you, particularly former Mayor Holly Smith.

In the Post-Ian Progress report led by City Manager Souza, he reminded that Building and Planning Departments continue to operate out of 6200 Whiskey Creek (phone numbers on City website still apply).

Debris Cleanup – Continues by Crowder Gulf. Residents/businesses are reminded that the cut-off date for putting debris in the right-away for pickup was March 1. As Crowder Gulf finishes a street, a state monitor films the area confirming that the last pickup was made. Their last pickup is March 29, though waterway cleanup work will continue beyond then. Residents and businesses that still need assistance with debris removal still may contact IanDebrisCleanup.com, but their cut-off date to apply is March 29. Including removals by Crowder Gulf, over 2 million cubic yards have been removed on Sanibel.

Florida State of Emergency – Governor DeSantis extended another 60 days, to May 20.

Beach Access & Parking Permits – Work continues toward getting the remaining beach accesses open. Though the boat ramp is open, their beach access is not available to the public yet. Reminder that to launch a boat Mon-Fri without a permit costs $40. On weekends and holidays, a permit is needed. The following beach accesses are NOT yet open: Lighthouse Beach (which still requires significant work), Turner Beach (which is County owned, City managed) (City Manager meeting with County March 24 to determine steps forward), and Beach Accesses 3, 4, & 7. Beach parking permit sales are up and include: A resident beach ($14) 1,867; AC resident beach & boat ramp ($113) 123; B non-resident beach ($300) 150; and BC non-resident beach & boat ramp ($399) 20.

Causeway – Traffic counter problems, but though March 10 consistently seeing about 5K vehicles a day coming on island.

Finance – City Finance Director Steve Chaipel provided an update. Tax revenue is on track at 92%. Income, grants, and work in progress with more info to be provided at next meeting. Reminder that property owners have until April 3 to apply to the Property Appraiser (www.LeePa.org) for tax relief/refund. Approval or denial will be made by June 1.

Building Dept Permits – Many more permits processed, “surge is coming”. As of March 20, 3,329 permits have been approved (compared to just 2,900 in early March. Permit process taking about five days, resubmission reviews about three days. Permits to-date include: 128 demolition, 480 electrical, 537 mechanical, 1,138 roof, 105 windows/doors.

Events & Re-Openings

Sanibel Home Mail Delivery begins Monday March 27 provided there is a mailbox. When I picked up my mail this afternoon, they advised that though the Temporary Post Office will be open tomorrow (Sat), they encourage residents with boxes to just wait for their deliver at home on Monday as they have lots of things to get done to make those deliveries occur. (Big thanks to former Mayor Holly Smith for honchoing this task to completion.)

Sanibel Historical Village Reopening Celebration Tues March 28, from 3 to 5 p.m. Event is free, but please RSVP to info@sanibelmuseum.org.

“We’re Still Standing” celebrating the 96th Anniversary of The Community House, Wed, March 29, 4 to 7 p.m. with music by The Marty Stokes Band, tickets available on-line and at 239-472-2155.

Native Plant Walks at City Hall offering ways to replant. Meet in front of main staircase at City Hall at 9 a.m. on Thursdays April 6 & 20, and Saturdays April 1, 15, and 29.

Sanibel & Captiva Islands Assoc of Realtors

At the monthly membership meeting yesterday at Midland Trust building in Fort Myers, we heard from a panel of bankers about the status of lending on damaged property. Those speakers were Dan Krispinsky with Lake Michigan Credit Union, Dan Royal with American Momentum Bank, and David Wright with Sanibel-Captiva Community Bank. Like with island life, there are many lending changes, including community and insurance hurdles, but the good news is that these lenders continue to provide mortgages on the island. Most have the easiest offerings through their in-house products, though it may take longer than the typical 30 days to secure financing

I got good feedback during the Caravan part of the meeting from announcing our Captains Walk listing that went under contract last weekend and a price adjustment plus news about Gulfside Place. A short 3-property tour followed the meeting with just one property open on the island.

SANIBEL CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 74 1,132,848 56 130 1,614,611 59 22 1,311,090 71
Under contract 14 775,564 50 37 1,306,513 34 4 565,000 40
Sold 2023 to 3/24 31 1,008,435 37 87 1,092,882 44 6 1,132,333 111
Sold 2022 123 1,136,199 44 184 1,597,868 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale 6 1,946,333 169 8 6,148,506 185 1 15,500,000 363
Under contract 4 1,153,500 79 2 3,197,000 39 0 N/A N/A
Sold 2023 to 3/24 1 675,000 66 5 3,130,000 55 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity March 17‑24

Sanibel

CONDOS

8 new listings: Sundial #I106 1/1 $375K, Tennisplace #A22 2/1 $450K, Sundial #I406 1/1 $495K, Lighthouse Point #319 2/2 $699K, Loggerhead Cay #412 2/2 $749K, Sunset South #12C 2/2 $819K, Pointe Santo #B25 2/2 $949K, Snug Harbor #122 2/2 $1.649M.

6 price changes: Sundial #D312 1/1 now $485K, Sundial #D203 1/1 now $599.9K, Sunset South #3C 2/2 now $799K, Lighthouse Point #232 3/2 now $989K, Gulfside Place #318 2/2 now $1.295M (SanibelSusan listing), Tigua Cay #487 3/3.5 now $2.249M.

Gulfside Place

1 back on market: Seashells #26 2/2 $399.9K.

3 new sales: Captains Walk #A6 1/1 listed at $399K (SanibelSusan listing), Seashells #3 2/2 listed at $474K, Blind Pass #F210 2/2 listed at $575K.

3 closed sales: Seashells #21 2/2 $440K, Beach Road Villas #101 2/2 $562K, Lighthouse Point #217 2/2 $599K.

HOMES

8 new listings: 3301 Twin Lakes Ln 2/2 $659K, 887 Casa Ybel Rd (duplex) 5/3 $795K, 2042 Wild Lime Dr 3/2 $969K, 951 Beach Rd 4/2 $1,149,187; 1015 Sand Castle Rd 3/2 $1.275M, 3205 Twin Lakes Ln 3/2 $1.375M, 1202 Sand Castle Rd 4/2.5 $1.729M, 1365 Jamaica Dr 3/2.5 $1.995M,

15 price changes: 1672 Atlanta Plaza Dr 2/1 now $449K, 1866 Ibis Ln 2/2 now $540K, 922 Main St 3/1 now $589K, 1859 Farm Tr 3/2 now $649.9K, 560 Boulder Dr 3/2 now $799K, 5892 San-Cap Rd 3/3  now $825K, 969 Fish Crow Rd 3/2 now $845K, 1752 Serenity Ln 3/2 now $900K, 1667 Sabal Sands Rd 3/3 now $1.05M, 3311 Twin Lakes Ln 3/3 now $1.183M, 950 Cabbage Palm Ct 3/2 now $1.348M, 251 Christofer Ct 3/2.5 now $1.549M, 913 Kings Crown Dr 4/3 now $1.695M, 896 Limpet Dr 3/32 now $2.35M, 1318 Seaspray Ln 5/3.5 now $3.5M.

4 back on market: 9438 Moonlight Dr 3/2 $724K, 465 Lake Murex Cir 2/2.5 $725K, 1507 Angel Dr 3/2 $1.222M, 1224 Kittiwake Cir 3/2 $1.349M.

8 new sales: 1198 Junonia St 2/2 $647K, 1230 Sand Castle Rd 3/2 $779K, 411 Lake Murex Blvd 3/2 $789K, 676 Cardium St 4/2 $789K, 1145 Sabal St 5/4 $790K, 9484 Peaceful Dr 3/3 $1.337M, 985 Oyster Ct 4/4 listed at $1.695M, 4697 Rue Belle Mer 4/5.5 listed at $3.8M.

6 closed sales: 1585 Bunting Ln 3/2 $650K, 1834 Long Point Ln 3/2.5 $725K, 591 Boulder Dr 4/3 $745K, 1835 Farm Tr 3/2 $822.5K, 253 Daniel Dr 2/2.5 $1.127M, 215 Robinwood Cir 4/3 $1.275M.

LOTS

1 new listing: 5398 Osprey Ct $419K.

1 price change: 5116 Sea Bell Rd now $325K.

No new sales or closed sales.

Captiva

CONDOS

1 new listing: Lands End #1606 3/3 $3.3M.

No price changes.

2 new sales: Bayside Villas #4204 1/2 listed at $650K, Beach Cottages #1411 3/2 listed at $1.55M.

No closed sales.

HOMES

1 new listing: 11505 Gore Ln 6/6 $3.99M.

1 price change: 1 Sunset Captiva 2/2.5 now $3.695M.

No new or closed sales.

LOTS

Nothing to report.

This representation is based in part on data supplied by the Sanibel & Captiva Islands Association of Realtors Multiple Listing Service. Neither the association nor its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the association, or its MLS may not reflect all real estate activity in the market.  The information provided represents the general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.

Until next Friday, Susan Andrews, aka SanibelSusan