Almost Fathers Day 2018 on Sanibel


It’s Susan reporting just another beautiful Friday on sunny Sanibel Island. After a busy winter/spring, many colleagues are taking vacations – some stay-cations. Their timing couldn’t be better. It is really quiet! Probably contributing to that is all the recent press about the Lake “O” water releases which have resulted in tannin-colored water in the bay which is now wrapping around the lighthouse into the gulf.  Meanwhile, it’s still looking AOK on most of the gulf side.

I had lunch yesterday at West Wind Inn’s Normandie Seaside Cafe and ran into Kim from their Upper Pool Deck Bar. Wednesday, on Facebook, she posted her view from there (photo below). It’s a great spot for lunch or an evening pre-sunset libation. Music some nights too. Their food comes from the Normandie’s kitchen too. Both open to the public and secret gems favored by the Inn’s guests, locals, and maybe you too.

2018-06-13

Sanibel & Captiva Islands Association of Realtors®

Following Sanibel Mayor Ruane’s call-to-action last Friday, demanding that these water releases stop – the Sanibel & Captiva Islands Association of Realtors® created an easy way for concerned citizens and island lovers to respond. Using the below link and by just adding your contact info, emails on your behalf (with copy to you) will go to the powers-that-be at the Army Corps of Engineers, South Florida Water Management District, and State of Florida Department of Environmental Protection, with copy to the Governor. Everyone who is concerned, please do it. If you have ever enjoyed the islands or spent a penny here, this should be important to you. It takes only seconds to complete. Thank you! http://sanibelcaptivarealtors.org/cta/

sccf 14K checkAt our Thursday morning Realtor® Caravan Meeting, Association President Dustyn Corace presented a check for $14,000 to Sanibel-Captiva Conservation Foundation’s (SCCF) Natural Resource Policy Director Rae Ann Wessel. The final tally is in with these monies raised last month at our end-of-season golf outing and auction. The funds are going to SCCF ear-marked for their use in improving local water quality.

What The Conservation Foundation Says

A message from SCCF received midweek has a good summary of what is happening with these water releases:

SCCF logo“It is premature to dump massive quantities of water to the estuaries at the very beginning of the rainy season when no water was being held by or discharged to agricultural areas to share the harm. Instead, agriculture on the east side of the lake and southwest of the lake have been allowed to backflow massive quantities of water into the lake instead of holding their own runoff. Quantities back flowed equal the amount that has been discharged to the estuaries that have also received too much rain. We ask water managers to identify these conditions and start requiring all landowners to manage storm water on their own land, not dump it into the lake, not usurp the entire capacity of publicly funded storm water treatment areas that harm public resources.

“Since the rain began on May 15 the Caloosahatchee estuary has been experiencing increasing levels of harmful flows. The first 2 weeks flows were watershed runoff from Hendry and Glades Counties, with no discharges from Lake Okeechobee. However, the lake discharges that started on June 1st nearly tripled the harmful high flows to the estuary… dumping dark fresh water and suddenly dropping salinities in the estuary all the way to the mouth of the river at Shell Point. The consequence of this sudden, drastic, and prolonged salinity drop has been a massive die off of estuarine clams and oysters at Iona just upstream of Shell Point and is fueling freshwater cyanobacteria, including Microcystis, that is visible beneath the water surface from Beautiful Island by I-75 to Iona Cove.

“This current event is the direct result of managing water selectively to allow agricultural landowners to dump their floodwater into Lake Okeechobee and into publicly funded storm water treatment areas, thus forcing discharges harmful to public resources.

“We need to express our strenuous objection to water managers and elected representatives because these harmful flows are the direct consequence of agricultural discharges that have resulted in harmful flows to the Caloosahatchee and St Lucie, without consideration of the flood consequences on these coastal ecosystems.”

NKY Music Legends Welcomes Danny Morgan

dany morgan logoAs a long-time fan of Sanibel musician Danny Morgan, it was great to read recent news about his latest honor. Here’s some scoop from www.Cincinnati.com on May 24, 2018:

“Northern Kentucky Music Legends (NKY) is an organization that recognizes area musicians, vocalists and music industry people who have made a name for themselves locally and nationally. Jerry Gifford, a musician who is still playing after 50 years with his band Strange Brew, originated the idea of honoring talented Northern Kentucky musicians. So, in 2013 he met with Charlie Coleman, Campbell County commissioner; Jon Long, a longtime musician; and John Mendell, a concert producer. The group contacted The Cincinnati Enquirer to put out a call for Northern Kentucky musicians who would qualify. Criteria include birth in Northern Kentucky or longtime residency, played music for 20 or more years and made a mark in the community…. This year marks the sixth Hall of Fame induction ceremony….the Hall of Fame inductees for 2018 include…:

► Danny Morgan, who played in popular bands before taking off to Nashville and forming The Apple Butter Band with local legend Mickey Foellger (… the now-retired Campbell County juvenile court judge), Joellen Morgan and ex-Bengal Mike Reid. They toured with the Beach Boys and other major acts. These days Morgan plays five nights a week in Sanibel Island, Florida. “Danny Morgan has a keen sense of artistry and not only finding, but nurturing great talent,” said Stan Hertzman, retired music business professional.”

Danny Morgan from Cincinnati paper

Those like me who enjoy the Sanibel music experience often refer to Danny Morgan as our local Jimmy Buffet. We follow his performances, play his CDs, and know the words to many of his songs like “Sanibel Sunset”, “Captiva Moon”, and one of my favs, “Running on the Beach”. In addition to performing at many local special events, weddings, and parties, you usually can catch Danny and often his band, plus guest musicians (including sightings of Livingston Taylor & Pittsburg Mike) at the following locations:

  • Margarita Mondays at Sundial Beach Resort from 5:30 to 8:30 p.m.
  • Tuesday & Thursday Nights at Traders Gulf Coast Grill beginning at 7 p.m.
  • Saturday & Sunday afternoons 1 to 4 p.m. at Casa Ybel Resort’s Coconuts poolside bar & grill

More about Danny and his offerings at www.DannyMorgan.com

Fun June Happenings at The Community House

If you haven’t yet been to Sanibel’s new Community House, you are missing out. Here are a couple of their events scheduled this month. Call 239-472-2155 or checkout their website at www.SanibelCommunityHouse.net for more info.

  • Adult Demonstration – Quick & Easy Meals using 5 Ingredients by Chef Jarret, June 15, at noon. Prepaid reservations needed.
  • Adult Farm-to-Table Hands-On Cooking Class by Chef Jarred, June 22, Friday from 4 to 6 p.m. Produce a delicious meal with ingredients sourced locally. Prepaid reservations needed.
  • Community House Culinary Education CtrHoliday Hog Roast – “Smoke on the Islands” by Chef Jarret, June 30, Saturday from 5 to 8 p.m. $15, ice cream sundae bar $5. Also, kids “All American Red, White, & Blue Dessert Content”. Entry forms at the Community House. Judging at 7 p.m. & awards given for best tasting, best presentation, and best theme. Bring a 2nd dessert for their auction to help raise money for the Culinary Education Center. Tickets available at The Community House or Bailey’s.

At SanibelSusan Realty

SanibelSusan Realty from Periwinkle Way

Summer is a good time to get caught up, reflect, plan, and project. Our weekly report of the activity of the action posted in the Sanibel & Captiva Multiple Listing Service follows my musings below.

Below is some food-for-thought for would-be sellers who are thinking of listing their island real estate. Some of these tips apply to selling anywhere.

How’s The Sanibel/Captiva Real Estate Market? The housing bubble before the recession drove prices up on the islands. Back in that heyday of 2006, the average Sanibel condo sold for close to $900K and the average Sanibel home over $1.1M. On Captiva, the average condo was more than $1.3M and average home over $2.3M. Then, prices took a dive.

housing-bubble-1872350_960_720It has been nearly ten years since the recession and often I am asked if island real estate has recovered. That answer is complicated. Sellers on the islands are faced with more challenges than those in a traditional real estate environment.

Plus, it’s a small island with a big variety of property types and a wide span in price. Depending on the property, it sometimes takes months or years for a property to sell. Other properties, if the demand is right, could sell in hours.

How do you know where a property fits in? That answer is complicated too. First, there are fewer buyers for real estate in resort or 2nd home-type locations. According to the National Association of Realtors® (remember I teach the Resort & 2nd Home Market class to our local Realtors®), these sales account for fewer than one-fifth of all the home/condo sales each year.

These buyers, if they are financing, typically have to put down way more money than those buying a primary home. The lender criteria for buying a property like that is tougher too.

In this area of Florida, the selling season also is somewhat limited because the most prospective buyers are in town from December through April which also can be when properties are occupied or rented. With Sanibel homes having a monthly rental minimum, that can mean showings only on the 1st of the month, or with condos renting weekly, it can mean showings only on Saturdays between late morning and early afternoon when a property is being cleaned and often also when the buyers are coming/going.

With more baby boomers now retired and staying longer, many rentals – including those for sale – may be booked for extended periods, making showings in season even more unlikely. It also bears mentioning that many vacationing would-be-buyers only want to earmark a short time to look at real estate, preferably a day when the sun isn’t out or the weather is less than ideal. They want to buy, they just want to enjoy their vacation too (which is exactly why we encourage buyers to come back this time of the year when it’s easier to view property and they can concentrate on that task). These buyers also may not be in a hurry. They may be willing to wait until their next vacation or even next year, particularly if they don’t find a property that’s “just right” for them.

So, if there is no getting around some of these challenges, what can a seller do to get their island property sold sooner and at a higher price? Here some tips:

house-painter-clipart-paintersBe Ready for The Best First Impression – First impressions are huge, whether the first one is the driveway, the walkway, the entry, the front door, or the foyer. Be sure it is all sparkling clean and trimmed. Pressure washing the exterior and walkways are especially important here where heat and mildew can take a toll. A fresh coat of paint on a front door is an easy fix too. Also, nix and replace any nasty door hardware.

Invest in Upgrades – Think about when you purchased. Were you ready to do your own improvements or did you prefer a property that was move-in-ready? Most island buyers want the latter, so it pays to make a property so perfect that the new owner only needs to bring their suitcase. Nobody wants old and ugly.

If you can afford to do updating before a property goes on the market, do it. That updating could be as easy as going through every drawer and closet, organizing and tossing out old furnishings, or adding fresh paint or replacing old worn carpet. The trick is to make the property look bigger, cleaner, and brighter.cleaning-cloud-vector-illustration_k7551435

If you go as far as renovating kitchen and baths or even in minor redecorating and sprucing up, remember this is an island in Florida where most end-users are here in the winter. Pick a style that’s light bright and happy. That’s what most buyers want. They may say that they don’t need move-in-ready and island décor, but they really do. They sometimes figure that out as they proceed through the viewing process, after seeing the competition.

Four-Point-Inspection-Think About Replacing Big Ticket Items That Could Become Problematic – I know I’ve mentioned it before, but as a reminder, to get insurance today on a property that is over 20 years old, most insurance providers require a 4-point inspection. Insurance companies increasingly have become reluctant to issue policies on older homes. Their concern is that there may be conditions in an older property that could become a liability to them. For example, a home with a roof near the end of its service life may fail while under the policy and the homeowner may file a claim for damage to the home or its contents. A 4-point inspection describes the condition and age of the following four elements:

  • HVAC (heating, ventilation, & air conditioning)
  • Electrical wiring & panels
  • Plumbing, connections, & fittings
  • Roof

These may be expensive items and systems to repair or replace before selling, but rest-assured if a property has copper pipes on Sanibel, it will be flagged by a home inspector. (Sanibel’s water, over time can cause pinhole leaks in copper piping.) Federal Pacific electrical panels (which some insurance companies will not insure) are flagged here too. Even with “as is” contracts where seller repairs are not required and most buyers expect a number of minor defects, when a big ticket item comes up, the buyer often asks for a consideration in the form of either a price reduction or a contribution toward the needed repair or replacement.

home-inspection1.jpgGet A Home Inspection & Make Repairs Before Listing – Doing this might preclude the problems mentioned above. Most buyers will overestimate updating and repair costs. So, if they come to look at a property that needs new piping or a new electrical box, they will likely do one of two things. They will come up with their own inaccurate too-high off-the-cuff estimate which they then will deduct from their offer price. Or even worse, they will decide that it is too much money or more than they want to deal with. They then will move on to another property that doesn’t have problems.

realtor logoListen to Professionals – Realtors® are in the business of looking at real estate with a critical eye. They are not emotionally invested in a property like the owner. We try to be sensitive to an owner’s feelings and their decorating style, but they know the inventory and competition, and what is selling. Be prepared to tell your Realtor® the special things you like about your property but also be ready to listen to what they say may need to be done to bring you top dollar. As the island real estate market evolves through the calendar year, understand that your property may be one that appeals most to a winter buyer, so if it doesn’t sell in one “season”, it may take until the next.

Don’t discount summer buyers though. When winter inventory is low, serious buyers return in the summer. Summer also brings more families looking for year-‘round homes, vacationers looking for income-producing short-term rental condos, and Europeans looking for privacy and a good place to invest.

In every real estate market, price and appearance matter. In a seasonal area, like here, those factors can mean the difference between selling quickly or lingering for months. Regardless of the time of the year, it is usually two things that keep properties from selling. Either they are over-priced or they have not been updated and well maintained.

Gone are the days when buyers come into a real estate office with a list of their requirements and a Realtor® tells them what is available that meets their needs. Today’s buyers (close to 95%) do their island property searches online. If a property isn’t perfectly priced and doesn’t look great, it is not going to sell, because these consumers search in only their price range and buy through the pictures they see on the internet. Not only are professional photographs needed, but the property needs to be attractive. Almost every island Realtor® will tell you that they have sold property sight-unseen. I have sold many that way and this year even sold one that I had not seen (though I did look before it closed).

7832303--illustration-of-a-man-being-dragged-under-water-by-his-house-mortgage-which-is-chained-to-his-anke-Does It Make Sense To Take A Loss – Owners who bought at the peak or during the multi-year run-up before it, most likely are dealing with properties that are not worth what they paid. Now as they go to sell, they need to pay for improvements or repairs to get top-dollar, plus they will pay a real estate commission and other closing costs. They are not happy about it. They are losing money, even if they break even on the sales price. During the real estate boom, people wanted to be part of the group that flocked to own a vacation or 2nd home. That is not necessarily the case now. Prices are going up and the market is improving, but not as fast as some want.

That can make it a tough decision for an owner who bought high. Those prospective sellers need to decide whether they want to keep the property for another few years and see if values continue to go up, or instead say they are ready to just get out and potentially take a loss.

Island properties often are bought with discretionary income, so unless a buyer is compelled to do it now, it can become a waiting game. Just as buying an island property can be a life-altering decision, so can selling one.

The SanibelSusan Team tries to make buying and selling real estate easy and stress-free, but as these paragraphs describe, it ain’t always easy.

sancap GO MLS logoSanibel & Captiva Islands Multiple Listing Service Activity June 8-15, 2018

Sanibel

CONDOS

No new listings.

4 price changes: Blind Pass #E207 2/2.5 now $399K, Seawind #109 2/2.4 now $512.5K, Nutmeg Village #103 2/2 now $795K, By-The-Sea #C102 2/2 now $1.149M.

5 new sales: Loggerhead Cay #314 2/2 listed at $569K, Loggerhead Cay #433 2/2 listed at $594.9K, Sanibel Inn #3522 2/2 listed at $699K, Loggerhead Cay #163 2/2 listed at $779K, Sundial West #E310 2/2 listed at $890K.

5 closed sales: Sundial West #G407 1/1 $435K, Sanibel Moorings #1631 2/2 $570K, Sandalfoot #3C1 2/2 $675K, Tarpon Beach #206 2/2 $780K, Gulfside Place #323 2/2 $1.25M.

HOMES

10 new listings: 976 Sand Castle Rd 3/3 half-duplex $525K, 4648 Buck Key Rd 3/2 $550K, 1555 Bunting Ln 2/2 $569K, 746 Nerita St 3/2 $749K, 3017 Turtle Gait Ln 3/2 $749K, 632 Lake Murex Cir 3/2 $750K, 5267 Ladyfinger Lake Rd 3/2 $834.5K, 438 Surf Sound Ct 3/2 $859K, 1304 Eagle Run Dr 3/3 $1.099M, 1433 Sanderling Cir 4/3 $1.16M.

11 price changes: 1717 Atlanta Plaza Dr 2/2 now $440K, 1940 Periwinkle Way 3/2 half-duplex now $459K, 5885 Pine Tree Dr 3/2 now $549K, 396 Lake Murex Blvd 3/2 now $624K, 1478 Albatross Rd 3/2 now $674.9K, 660 Oliva St 3/3 now $849K, 1656 Middle Gulf Dr 3/4 now $924.9K, 1747 Jewel Box Dr 3/2 now $1.099M, 2984 Wulfert Rd 3/3 now $1.5M, 1525 San Carlos Bay Dr 4/2 now $1.595M, 1133 Golden Olive Ct 3/3.5 now $2.448M.

4 new sales: 1126 Schooner Pl 4/2.5 duplex listed at $459K, 1656 Middle Gulf Dr 3/4 listed at $924.9K, 1304 Eagle Run Dr 3/3 listed at $1.099M, 6192 Henderson Rd 4/4 listed at $1.949M.

10 closed sales: 813 Rabbit Rd 2/2 half-duplex $365K, 1283 Par View Dr 2/2 $475K, 752/754 Cardium St 4/2 duplex $520K, 958 Sand Castle Rd 3/2 $588K, 2521 Key Lime Pl 3/2 $565K, 753 Cardium St 3/2 $620K, 1806 Ibis Ln 3/2 $650K, 5739 Pine Tree Dr 3/3 $780K, 1995 My Tern Ct 4/2 $1.279M, 411 Bella Vista Way 4/4 half-duplex $1.95M.

LOTS

2 new listings: 5321 Punta Caloosa Ct $335K, 5251 Punta Caloosa Ct $580K.

No price changes.

1 new sale: 5340 Punta Caloosa Ct listed at $1.375M.

No closed sales. 

Captiva

CONDOS

No new listings.

2 price changes: Bayside Villas #5102 ½ now $369K, Sunset Captiva #103 2/2/2 now $949K.

1 new sale: Sunset Beach Villas #2214 2/2 listed at $620K.

1 closed sale: Tennis Villas #3216 1/1 $305K.

HOMES

No new listings or price changes.

1 new sale: 15831 Captiva Dr 2/2.5 listed at $4.198M.

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.

fathers-day-clip-art-jTx95RBTE1Until next Friday, here’s hoping your summer weather is as spectacular as on the islands! Best wishes on Sunday to all the Dads, would-be Dads, & Moms covering as Dads!

If you want to buy yours a piece of paradise for Fathers Day, I can help.

Susan Andrews, aka SanibelSusan

A Quiet Friday & Island Real Estate Scoop


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

SanibelSusan’s Signs of Summer

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

PROS:

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

CONS:

Sanibel/Captiva Preliminary Property Tax Valuations

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

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

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

Foodie Info

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

Give Back Wednesdays for Community Housing & Resources

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

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

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

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

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

Homeowners’ Association Documents Versus Condo Association Documents

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

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

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

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

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

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

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

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

Sanibel

CONDOS

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

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

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

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

HOMES

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

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

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

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

LOTS

No new listings.

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

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

No closed sales.

Captiva

CONDOS

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

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

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

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

HOMES

No new listings.

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

No new or closed sales.

LOTS

Nothing to report.

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

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

Sanibel/Captiva Real Estate Nitty Gritty


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

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

 

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

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

Sanibel & Captiva Islands Association of Realtors®

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

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

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

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

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

Historical Village To Hold Free Admission Day

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

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

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

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

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

Floridians’ Outlook Improves – Second Month in a Row

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

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

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

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

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

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

Update on Bailey Tract Closing

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

Summer/Fall Shell Shows For Travelers

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

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

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

Sanibel

CONDOS

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

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

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

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

HOMES

No new listings.

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

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

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

LOTS

No new listings, price changes, or new sales.

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

Captiva

CONDOS

No new listings

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

No new or closed sales.

HOMES

No new listings.

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

No new or closed sales.

LOTS

Nothing to report.

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

SanCap Aerial 05-19-2018

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

Until next Friday, Susan Andrews, aka SanibelSusan

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


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

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

Island Sales Statistics Year-to-Year

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

 

Closed Sales from January 1 to April 20

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

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

2018 Sea Turtle Season Has Begun

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

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

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

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

“Please keep our beaches sea turtle friendly:SCCF logo

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

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

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

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

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

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

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

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

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

Upcoming Events

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

Changes Coming to Chamber of Commerce Visitor Center

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

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

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

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

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

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

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

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

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

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

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

Apply Now If You Want Flood Insurance Before Hurricane Season

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

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

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

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

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

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

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

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

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

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

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

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

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

Freebies From SanibelSusan Realty

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

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

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

sancap GO MLS logoSanibel

CONDOS

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

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

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

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

HOMES

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

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

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

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

LOTS

No new listings.

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

No new or closed sales.

Captiva

CONDOS

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

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

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

No closed sales.

HOMES

No new listings.

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

No new or closed sales.

LOTS

Nothing to report.

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

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

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

Plus another Sanibel sunset!

sunset 04-18-18.jpg

TGIF, Susan Andrews, aka SanibelSusan

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


 

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

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

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

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

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

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

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

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

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

“Question: What is “customary use”?

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

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

“Question: Are customary use ordinances new?

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

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

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

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

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

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

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

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

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

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

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

Reducing Your Flood Insurance Cost

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

2018 Hurricane Seminar

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

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

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

Upcoming Events

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

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

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

Reminder About Watering

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

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

sancap GO MLS logoSanibel

CONDOS

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

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

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

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

HOMES

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

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

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

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

LOTS

No new listings.

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

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

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

Captiva

CONDOS

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

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

No new or closed sales.

HOMES

No new listings.

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

No new or closed sales.

LOTS

Nothing to report.

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

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

Here’s one more photo from today. TGIF!

Susan Andrews, aka SanibelSusanIMG_5541

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


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

Beach

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

chateau 8 07-17

 

Sanibel/Captiva Real Estate

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

Sold/Closed Sales 1st Quarter
2016 2017 2018
 

#

Avg Sale Price $ Avg DOM  

#

Avg Sale Price $ Avg DOM  

#

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

DOM = days on market

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

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

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

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

For Sale

 

#

Avg Asking Price $ Avg DOM  

#

Avg Asking Price $ Avg DOM  

#

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

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

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

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

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

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

Leaving LIBOR, Say Hello to SOFR

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

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

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

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

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

“LIBOR lied. The benchmark is broken.

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

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

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

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

Is A Seller’s Disclosure Required?

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

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

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

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

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

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

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

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

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

sancap GO MLS logoSanibel

CONDOS

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

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

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

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

GSP 222 view 2018-04

Gulfside Place #222 view

HOMES

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

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

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

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

LOTS

No new listings, price changes, or new sales.

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

Captiva

CONDOS

No new listings.

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

No new sales.

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

HOMES

No new listings.

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

No new or closed sales.

LOTS

Nothing to report.

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

happy weekendUntil next Friday, enjoy your week…

Susan Andrews, aka SanibelSusan

 

Easter Blessings Abound On Sanibel


It’s SanibelSusan, reporting about another fun week on the islands. Many end-of-season events are wrapping things up and the spring weather here has been perfect – bright sunny warm breezy days, mostly in the 70’s, with gorgeous sunsets, followed by mild evenings.

Susan Yard 03-18-16

 

Lots of families and visitors are here on spring breaks and Easter vacations, so there has been lots of roadway traffic. Bike paths are busy too. Adding to that, Vice President Pence arrived yesterday and is expected to be here until next Friday enjoying Sanibel. (My lips are sealed as to which client’s home he is visiting.)

We’ve had plenty of action in the office too, with sales processing toward closings, others in-the-works, and our listings getting good action. After a few news items, below is the activity reported this week in the Sanibel & Captiva Islands Multiple Listing Service.

March Membership Meeting – Sanibel & Captiva Islands Association of Realtors®

Congressman Francis Rooney – It was standing room only at 8 a.m. yesterday at the local Association of Realtors® monthly membership meeting. That’s because the speaker was Congressman Francis Rooney who came to update us on several important issues that affect our business.

arter rooney corace 03-30-18

Association affiliate member Dave Arter with Private Client Insurance Services, Congressman Rooney, & 2017 Association President Dustyn Corace

SanCap Mtg 03-29-18

Rooney is the U.S. Representative for Florida’s 19th congressional district which covers parts of Lee and Collier counties. He lives in Naples where he and his family have a base of diversified international group of companies that have created many jobs and economic opportunities in SW Florida and throughout the U.S. He also served many years as an U.S. ambassador.

His down-to-earth presentation cut right to the chase, explaining how the fight for water quality continues with good progress made in recent legislation, but often without the necessary appropriations. Attendees including Realtors®, business affiliates, and local leaders were encouraged to push with property owners to also contact their congressional leaders, not just here, but in other states to likewise recognize the importance of this resource and what must be done and funded to ensure its continuity. Segments from his pitch were included in a TV report last night on “water quality” that appeared on Wink News.

Congressman Rooney also briefly mentioned how the Federal flood insurance program has been extended until July. But, since it is now out of the federal budget package, could be in jeopardy. (You can be sure that local, state, and national Realtors® organizations are closely following that too.)

Florida Realtors logoFlorida Realtors® Honor Society – At the same meeting, five members of the local association were recognized by Florida Realtors® for achieving 2017 Honor Society. I am one of the lucky five – recognized for making the achievement for the 19th year.

FishFood for F.I.S.H. – Realtors® and attendees were reminded that in April the Association is collecting non-perishable food items to help F.I.S.H. of San-Cap replenish their food pantry which often gets low when the island thins out. Snowbirds and owners heading home for the summer are reminded to drop items at F.I.S.H. or call your Realtor® or SanibelSusan Realty. We will gladly pick your items up and get them delivered to the food pantry – or drop them off here at 2242 Periwinkle Way, Suite 3.

Upcoming Eventseaster61

  • 24th Annual Spring Festival – tomorrow March 31 from 9 to 11 a.m. hosted by The Children’s Education Center of the Islands, held at the Community Park, across the street from SanibelSusan Realty.
  • Easter Egg Hunt – tomorrow March 31 from 11 a.m. to 1 p.m. at the Sanibel Community Church. In addition to the hunt – for 2,500 pre-filled eggs, there will be games, crafts, bounce house, storytelling, & free lunch.
  • 7th Annual Easter Eggstravaganza – tomorrow March 31 from 1 to 3 p.m. at Island Inn, both inside and outside activities (those inside at Traditions on the Beach).
  • BIG ARTS Chorus Spring Concerts – Wednesday April 4 and Thursday April 5 at 7 p.m. at Schein Performance Hall. It usually sells out, so get tickets at www.bigarts.org. SanibelSusan is in the alto section.

Living Shoreline Approved Along Woodring Road

Sanibelcityseal logoAt Tuesday’s Sanibel Planning Commission meeting, approval was given for a project between the City of Sanibel and the U.S. Fish & Wildlife Service to create a living shoreline along the eroded section of Woodring Road right-of-way. According to a report in the “Island Sun”:

us fISH & WILDLIFE LOGO“The project seeks to rebuild approximately 170 linear feet of existing rip-rap and stabilize approximately 710 linear feet of existing vegetated shoreline by the installation of “living shoreline”, an erosion control structure comprised of rip-rap, concrete pipes and “reefballs” …which provide additional protection from wave energy created by wind, waves, and boat wakes…The City has budgeted $200,000 for the project, which will likely go out for bids in late April, then be brought before Sanibel City Council in May or June…once approved, the project would be completed this summer in 30 to 45 days….”

Great American Cleanup – Sanibel Canals

Here’s a little scoop from Facebook:

kEEP AMERICA BEAUTIFUL“Join Coastal Keepers and the Ocean Tribe Paddlers on Saturday, April 21st for The Great American Cleanup, an initiative created by Keep America Beautiful. This is a paddle-based cleanup, so we will travel through Sanibel’s east end canals via paddlecraft, gathering litter along the way. If you do not have a paddlecraft, Ocean Tribe Paddlers has a limited number of loaner paddleboards and kayaks available.

“We will meet at Sanibel Sea School’s Flagship Campus at 8 AM for a briefing, then divide into small groups before driving to the Sanibel Boat Ramp to launch our vessels. Parking is available there for a small fee. All cleanup materials will be provided. After the event, participants are invited to return to Sanibel Sea School for refreshments.

“To register for The Great American Cleanup, please go to http://klcb.org/great-american-cleanup.html and choose Sanibel Canals as your location. We kindly ask that you register online in advance to help our friends at Keep Lee County Beautiful measure participation. To reserve a paddleboard or kayak, please contact oceantribepaddlers@sanibelseaschool.org before the event.”

Sanibel & Captiva Islands Multiple Listing Service Activity March 23-30, 2018

Sanibel

CONDOS

2 new listings: Nutmeg Village #205 2/2 $760K, Sunset South #10C 2/2 $799K.

5 price changes: Sanibel Inn #3522 2/2 now $699K, Sandalfoot #3C1 2/2 now $729K, Loggerhead Cay #163 2/2 now $779K, Sundial West #E104 2/2 now $899K, Atrium #201 3/3 now $1.435M.

5 new sales: Seashells #42 2/2 listed at $379.9K, Sundial West #F306 1/1 listed at $465K, Sundial East #P204 2/2 listed at $899K, Sanctuary Golf Villages I #6 3/3 listed at $968.5K, Tanglewood #1A 3/2 listed at $1.045M.

5 closed sales: Captains Walk #D5 2/1 $288K, Spanish Cay #F3 1/1 $274K, Sanibel Seaview #C2 3/3 $920K, Loggerhead Cay #134 2/2 $935K, Kings Crown #317 2/2 $1.295M.

HOMES

5 new listings: 8991 Mockingbird Ln 3/2 $875K, 1438 Causey Ct 3/2 $895K, 1248 Par View Dr 4/4.5 $1.38M, 3790 West Gulf Dr 3/2.5 $1.699M, 413 Bella Vista Way 4/4 $2.495M.

14 price changes: 4542 Bowen Bayou Rd 3/2 now $515K, 998 Fish Crow Rd 3/2 now $599K, 610 Hideaway Ct 3/2.5 now $659K, 236 Hurricane Ln 2/3 now $689K, 4439 Gulf Pines Dr 3/2 now $695K, 4239 Gulf Pines Dr 3/2 now $699K, 4760 Rue Helene 3/2 now $879.5K, 3050 West Gulf Dr 3/2.5 now $949.9K, 1244 Par View Dr 4/3 now $1.099M, 1747 Jewel Box Dr 3/2 now $1.145M, 1349 Eagle Run Dr 3/2.5 now $1.155M, 852 Lindgren Blvd 4/3 now $1.159M, 490 Sawgrass Pl 3/2.5 now $1.649M, 2689 Wulfert Rd 4/5.5 now $1.894M.

11 new sales: 1438 Sandpiper Cir 3/2.5 half-duplex listed at $379.9K, 9471 Peaceful Dr 3/2 listed at $469K, 1283 Par View Dr 2/2 listed at $574K, 1410 Sand Castle Rd 2/2 listed at $609K, 225 Daniel Dr 3/2.5 listed at $699K, 727 Birdie View Pt 3/2 listed at $779K, 5410 Osprey Ct 3/2.5 listed at $799K, 239 Daniel Dr 3/2 listed at $998K (our listing), 330 East Gulf Dr 3/2 listed at $1.15M, 5403 Shearwater Dr 4/3 listed at $1.195M, 2167 Starfish Ln 4/4.5 listed at $1.875M.

8 closed sales: 3008 Singing Wind Dr 2/2 $360K, 1425 Causey Ct 4/3 $660K, 563 Hideaway Ct 3/2 $675K, 4791 Rue Helene 3/2 $830K, 1275 Par View Dr 3/2 $885K, 1114 Captains Walk St 3/3 $885K, 1470 Angel Dr 3/2 $875K, 4649 Rue Belle Mer 3/2.5 $2.45M.

LOTS

2 new listing: 978 Main St $184.9K, 2288 Starfish Ln $549K.

No price changes.

1 new sale: 6027 Dinkins Lake Rd listed at $239.8K.

1 closed sale: 2998 Singing Wind Dr $150K.

Captiva

CONDOS

1 new listing: Bayside Villas #5136 1/2 $399.9K.

1 price change: Sunset Captiva #302 3/3 now $2.495M.

1 new sale: Lands End Village #1665 2/2 listed at $975K.

No closed sales.

HOMES & 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-easter4Happy Easter!

Susan Andrews, aka SanibelSusan

 

Pre-Easter Things Hoppin’ on Sanibel


Bunny hopping clip artIt’s been another fun week with real estate on Sanibel Island. Between showings, offers, and inspections, The SanibelSusan Team is enjoying the end-of-season rush!

In typical late-March fashion, many island soon-departing snowbirds, visitors, and owners are scurrying to take care of local real estate needs before heading home.

The action posted since last Friday in the Sanibel & Captiva Multiple Listing Service follows a few news items below. Many new sales are reported, with fingers crossed for even more to report next week.

Congress’ Budget Extends Flood Insurance to July

NationalFloodInsuranceProgrAs posted today on FloridaRealtors® and sourced to The Advocate, Baton Rouge, La., Bryn Stole. Distributed by Tribune Content Agency, LLC.

“WASHINGTON – March 23, 2018 – The National Flood Insurance Program (NFIP) got a four-month reprieve as part of a massive $1.3 trillion federal spending deal unveiled late Wednesday evening and signed by President Trump on Friday – the fourth temporary extension of the program since September.

“But lawmakers on Capitol Hill now face a July deadline to either overhaul the NFIP, extend it again – or let it lapse in the midst of hurricane season. That could put added pressure on Congress to hammer out a deal on how to shore up the debt-laden federally run insurance program. A compromise on the program has so far been elusive.

“Negotiations between budget hardliners and coastal lawmakers have yielded little in the way of progress over the past few months and legislation to overhaul the program has languished in the U.S. Senate.

“Budget hawks have pushed changes to the NFIP that would dramatically raise rates on many high-risk homeowners who currently pay below-market premiums and shrink the program by booting some properties that have repeatedly flooded.

“Lawmakers from flood-prone areas – including Louisiana’s congressional delegation – have fought furiously against most of those proposals, concerned about how those kinds of abrupt reforms could wipe out homeowner equity and put flood coverage out of reach of many constituents.

“The proposed July extension for the National Flood Insurance Program left at least some Louisiana members of Congress worried that it would give critics of the program – led by retiring House Financial Services Chairman Jeb Hensarling, R-Texas – a chance to push through changes to the program that would hurt south Louisiana policyholders.

“But others were more hopeful that the looming deadline and Senate resistance to some of Hensarling’s proposals could result in a more favorable long-term deal on the program.

“The NFIP was initially set to expire at the end of September. But Congress has repeatedly punted on the issue with a series of short-term extensions tied to so-called “continuing resolutions” – or short-term deals to keep the federal government running.

“Tying the NFIP’s fate to government funding has given congressional leaders leverage to force through extensions of the program because derailing the broader package would result in a broader federal government shutdown.

“But the July proposed extension would split the NFIP from must-pass budget bills, leaving less power for leadership to push rank-and-file lawmakers to back an extension or potential changes.”

Upcoming Events

  • Southern comfort on Sanibell 2018Southern Comfort on Sanibel – tonight, March 23, Friday, doors open a 6 p.m. at the Sanibel Community House – to benefit CROW – register online at www.CROWClinic.org
  • Youth Fishing Derby – March 31, Saturday, on Island A of Sanibel Causeway (1st island next to high span), registration at 8:30 a.m., fishing begins at 9 a.m. Hosted by The Sanibel Island Fishing Club in cooperation with Lee County Parks & Recreation Department, the “Ding” Darling Wildlife Society and several other local organizations. Age groups are 9 and under, and ages 10 to 15. More info at 847-456-4650.
  • Golisano Lee Health_cSanCap Cares 18th Annual lsland Celebration – April 8, Sunday at 6 p.m. at The Sanctuary Golf Club – to benefit Golisano Children’s Hospital of Southwest Florida – details at SanibelCaptivaCares@gmail.com, 239-984-0381, http://www.SanCapCares.org

Florida Governor Scott Signs Real Estate-Related Bills Into Law

Florida Realtors logoPosted today on-line on FloridaRealtors®:

“TALLAHASSEE, Fla. – March 23, 2018 – Gov. Scott signed a number of bills into law within the past week including a few that could impact Fla. Homeowners:

CS/HB 935: Mortgage regulation

“The new law revises Ch. 494, Florida Statutes, governing non-depository loan originators, mortgage brokers and mortgage lender businesses subject to regulation by the Office of Financial Regulation to provide greater consumer protections. In some cases, the changes could impact the way home flippers finance repairs using a short-term loan before re-selling a property.

“The new law defines the term “business purpose loan” and says that it’s unlawful for anyone to misrepresent a residential mortgage loan as a business purpose loan. It also defines the term “hold himself or herself out to the public as being in the mortgage lending business.” It’s currently acceptable for an individual investor to make or acquire a mortgage loan with their funds, or to sell a mortgage loan, without being licensed as a mortgage lender, providing they don’t “hold himself or herself out to the public as being in the mortgage lending business.”

“The law is the Florida Legislature’s response to alleged unlicensed mortgage lending activity in South Florida. According to reports, some lending entities provided residential loans with usurious interest rates and high fees made under the guise of business purpose loans in order to avoid licensure and disclosure requirements under Ch. 494, F.S., as a mortgage lender. In some cases, they allegedly forced the borrower to form a limited liability company if they wanted the money. Effective date: July 1, 2019.

CS/CS/HB 1011: Homeowner’s insurance policy disclosures

“This law requires homeowner insurance policies to disclose in bold, 18-point font that the policy does not cover flood damage. It expands the current required notice regarding flood insurance to include notice that the purchase of homeowner’s insurance does not cover floods, even if hurricane winds and rain caused the flood to occur. The notice will appear upon initial issuance and in each policy renewal. Effective date: Jan 1, 2019.

HB 617: Covenants and restrictions

“This 28-page bill expands and modifies laws related to association covenants and restrictions. Effective date: Oct. 1, 2018”

HB 193: Mortgage brokering

“This law reduces certain mortgage business regulations on securities dealers, investment advisors, and associated persons under certain conditions. Effective date: July 1, 2018”

Sanibel & Captiva Islands Multiple Listing Service Activity March 16-23, 2018

sancap GO MLS logoSanibel

CONDOS

6 new listings: Loggerhead Cay #422 2/2 $535K, Sunset South #6D 2/2 $695K, Lighthouse Point #212 2/2 $769K, Seawind II #5 2/2.5 $825K, Compass Point #183 2/2 $1.295M, Poinciana #2B 3/2 $1.45M.

6 price changes: Blind Pass #B211 2/2 now $449K, Cottage Colony West #116 1/1 now $625K, Cottage Colony West #108 1/1 now $644.9K, By-The-Sea #C102 2/2 now $1.299M, Island Beach Club #230D 2/2 now $1.395M, White Pelican #133 now $1.989M.

6 new sales: Mariner Pointe #521 2/2 listed at $475K, Kimball Lodge #303 1/2 listed at $595K, Lighthouse Point #321 3/2 listed at $679K, High Tide #C101 2/2 listed at $899K, Gulfside Place #222 2/2 listed at $1.15M (our sale), High Tide #B102 2/2 listed at $1.795M.

2 closed sales: Sand Pointe #215 2/2 $690K, By-The-Sea #B202 2/2 $1.15M.

HOMES

9 new listings: 956 Dixie Beach Blvd 2/1 $449K, 9477 Peaceful Dr now $519K, 1643 Sand Castle Rd 3/2.5 $549K, 1338 Tahiti Dr 2/2 $565K, 1805 Ibis Ln 2/2 $569K, 721 Cardium St 2/2 $849K, 1244 Par View Dr 4/3 $1.149M, 2622 Coconut Dr 5/3.5 $2.799M, 1069 Bird Ln 4/3.5 $5.495M.

12 price changes: 9477 Peaceful Dr 3/2 now $519K, 958 Sand Castle Rd 3/2 now $595K, 1190 Sand Castle Rd 3/2 now $625K, 225 Daniel Dr 3/2.5 now $699K, 1183 Kittiwake Cir 3/2 now 768.9K, 1807 Serenity Ln 3/2 now $789K, 9446 Beverly Ln 3/3.5 now $799K, 239 Daniel Dr 3/2 now $998K (our listing – photos below), 1304 Eagle Run Dr 3/3 now $1.1M, 1672 Hibiscus Dr 3/2 now $1.159M, 519 Kinzie Island Ct 3/2.5 now $1.195M, 2479 Blind Pass Ct 3/2 now $1.25M.

11 new sales: 1040 Sand Castle Rd 3/2 listed at $549K, 958 Sand Castle Rd 3/2 listed at $595K, 601 Sea Oats Dr 3/2 listed at $659.9K, 474 Lake Murex Cir 3/2 listed at $674.9K, 5280 Umbrella Pool Rd 3/3 listed at $675K, 9448 Begonia Ct 3/2.5 listed at $699K (our listing), 5410 Osprey Ct 3/2.5 listed at $799K, 1120 Shell Basket Ln 4/2 listed at $895K, 536 Lighthouse Way 4/4.5 listed at $2.995M, 4171 West Gulf Dr 3/2 listed at $3.248M, 1008 Bayview Dr 4/4.5 listed at $3.595M.

5 closed sales: 1029 Dixie Beach Blvd 2/2 $410K, 2005 Mitzi Ln 2/2 $525K, 5301 Ladyfinger Lake Rd 3/2 $625K, 3323 Twin Lakes Ln 3/3 $730K, 3010 West Gulf Dr 3/2 $745K.

LOTS

1 new listing: 1305 Seaspray Ln $795K.

2 price changes: 5821 Pine Tree Dr now $499K, 976 Whelk Dr now $689K.

No new or closed sales.

Captiva

CONDOS

1 new listing: Sunset Captiva #103 2/2/2 $999K.

No price changes, new sales, or closed sales.

HOMES

1 new listing: 11534 Laika Ln 4/3.5 $1.799M.

No price changes.

1 new sale: 9 Sunset Captiva 3/2 listed at $1.299M.

1 closed sale: 13550 Palmflower Ln 4/3.5 listed at $3.75M

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

2017-08-08 Lighthouse beach log

 

Pre-Easter Things Hoppin’ on Sanibel


Bunny hopping clip artIt’s been another fun week with real estate on Sanibel Island. Between showings, offers, and inspections, The SanibelSusan Team is enjoying the end-of-season rush!

In typical late-March fashion, many island soon-departing snowbirds, visitors, and owners are scurrying to take care of local real estate needs before heading home.

The action posted since last Friday in the Sanibel & Captiva Multiple Listing Service follows a few news items below. Many new sales are reported, with fingers crossed for even more to report next week.

Congress’ Budget Extends Flood Insurance to July

NationalFloodInsuranceProgrAs posted today on FloridaRealtors® and sourced to The Advocate, Baton Rouge, La., Bryn Stole. Distributed by Tribune Content Agency, LLC.

“WASHINGTON – March 23, 2018 – The National Flood Insurance Program (NFIP) got a four-month reprieve as part of a massive $1.3 trillion federal spending deal unveiled late Wednesday evening and signed by President Trump on Friday – the fourth temporary extension of the program since September.

“But lawmakers on Capitol Hill now face a July deadline to either overhaul the NFIP, extend it again – or let it lapse in the midst of hurricane season. That could put added pressure on Congress to hammer out a deal on how to shore up the debt-laden federally run insurance program. A compromise on the program has so far been elusive.

“Negotiations between budget hardliners and coastal lawmakers have yielded little in the way of progress over the past few months and legislation to overhaul the program has languished in the U.S. Senate.

“Budget hawks have pushed changes to the NFIP that would dramatically raise rates on many high-risk homeowners who currently pay below-market premiums and shrink the program by booting some properties that have repeatedly flooded.

“Lawmakers from flood-prone areas – including Louisiana’s congressional delegation – have fought furiously against most of those proposals, concerned about how those kinds of abrupt reforms could wipe out homeowner equity and put flood coverage out of reach of many constituents.

“The proposed July extension for the National Flood Insurance Program left at least some Louisiana members of Congress worried that it would give critics of the program – led by retiring House Financial Services Chairman Jeb Hensarling, R-Texas – a chance to push through changes to the program that would hurt south Louisiana policyholders.

“But others were more hopeful that the looming deadline and Senate resistance to some of Hensarling’s proposals could result in a more favorable long-term deal on the program.

“The NFIP was initially set to expire at the end of September. But Congress has repeatedly punted on the issue with a series of short-term extensions tied to so-called “continuing resolutions” – or short-term deals to keep the federal government running.

“Tying the NFIP’s fate to government funding has given congressional leaders leverage to force through extensions of the program because derailing the broader package would result in a broader federal government shutdown.

“But the July proposed extension would split the NFIP from must-pass budget bills, leaving less power for leadership to push rank-and-file lawmakers to back an extension or potential changes.”

Upcoming Events

  • Southern comfort on Sanibell 2018Southern Comfort on Sanibel – tonight, March 23, Friday, doors open a 6 p.m. at the Sanibel Community House – to benefit CROW – register online at www.CROWClinic.org
  • Youth Fishing Derby – March 31, Saturday, on Island A of Sanibel Causeway (1st island next to high span), registration at 8:30 a.m., fishing begins at 9 a.m. Hosted by The Sanibel Island Fishing Club in cooperation with Lee County Parks & Recreation Department, the “Ding” Darling Wildlife Society and several other local organizations. Age groups are 9 and under, and ages 10 to 15. More info at 847-456-4650.
  • Golisano Lee Health_cSanCap Cares 18th Annual lsland Celebration – April 8, Sunday at 6 p.m. at The Sanctuary Golf Club – to benefit Golisano Children’s Hospital of Southwest Florida – details at SanibelCaptivaCares@gmail.com, 239-984-0381, http://www.SanCapCares.org

Florida Governor Scott Signs Real Estate-Related Bills Into Law

Florida Realtors logoPosted today on-line on FloridaRealtors®:

“TALLAHASSEE, Fla. – March 23, 2018 – Gov. Scott signed a number of bills into law within the past week including a few that could impact Fla. Homeowners:

CS/HB 935: Mortgage regulation

“The new law revises Ch. 494, Florida Statutes, governing non-depository loan originators, mortgage brokers and mortgage lender businesses subject to regulation by the Office of Financial Regulation to provide greater consumer protections. In some cases, the changes could impact the way home flippers finance repairs using a short-term loan before re-selling a property.

“The new law defines the term “business purpose loan” and says that it’s unlawful for anyone to misrepresent a residential mortgage loan as a business purpose loan. It also defines the term “hold himself or herself out to the public as being in the mortgage lending business.” It’s currently acceptable for an individual investor to make or acquire a mortgage loan with their funds, or to sell a mortgage loan, without being licensed as a mortgage lender, providing they don’t “hold himself or herself out to the public as being in the mortgage lending business.”

“The law is the Florida Legislature’s response to alleged unlicensed mortgage lending activity in South Florida. According to reports, some lending entities provided residential loans with usurious interest rates and high fees made under the guise of business purpose loans in order to avoid licensure and disclosure requirements under Ch. 494, F.S., as a mortgage lender. In some cases, they allegedly forced the borrower to form a limited liability company if they wanted the money. Effective date: July 1, 2019.

CS/CS/HB 1011: Homeowner’s insurance policy disclosures

“This law requires homeowner insurance policies to disclose in bold, 18-point font that the policy does not cover flood damage. It expands the current required notice regarding flood insurance to include notice that the purchase of homeowner’s insurance does not cover floods, even if hurricane winds and rain caused the flood to occur. The notice will appear upon initial issuance and in each policy renewal. Effective date: Jan 1, 2019.

HB 617: Covenants and restrictions

“This 28-page bill expands and modifies laws related to association covenants and restrictions. Effective date: Oct. 1, 2018”

HB 193: Mortgage brokering

“This law reduces certain mortgage business regulations on securities dealers, investment advisors, and associated persons under certain conditions. Effective date: July 1, 2018”

Sanibel & Captiva Islands Multiple Listing Service Activity March 16-23, 2018

sancap GO MLS logoSanibel

CONDOS

6 new listings: Loggerhead Cay #422 2/2 $535K, Sunset South #6D 2/2 $695K, Lighthouse Point #212 2/2 $769K, Seawind II #5 2/2.5 $825K, Compass Point #183 2/2 $1.295M, Poinciana #2B 3/2 $1.45M.

6 price changes: Blind Pass #B211 2/2 now $449K, Cottage Colony West #116 1/1 now $625K, Cottage Colony West #108 1/1 now $644.9K, By-The-Sea #C102 2/2 now $1.299M, Island Beach Club #230D 2/2 now $1.395M, White Pelican #133 now $1.989M.

6 new sales: Mariner Pointe #521 2/2 listed at $475K, Kimball Lodge #303 1/2 listed at $595K, Lighthouse Point #321 3/2 listed at $679K, High Tide #C101 2/2 listed at $899K, Gulfside Place #222 2/2 listed at $1.15M (our sale), High Tide #B102 2/2 listed at $1.795M.

2 closed sales: Sand Pointe #215 2/2 $690K, By-The-Sea #B202 2/2 $1.15M.

HOMES

9 new listings: 956 Dixie Beach Blvd 2/1 $449K, 9477 Peaceful Dr now $519K, 1643 Sand Castle Rd 3/2.5 $549K, 1338 Tahiti Dr 2/2 $565K, 1805 Ibis Ln 2/2 $569K, 721 Cardium St 2/2 $849K, 1244 Par View Dr 4/3 $1.149M, 2622 Coconut Dr 5/3.5 $2.799M, 1069 Bird Ln 4/3.5 $5.495M.

12 price changes: 9477 Peaceful Dr 3/2 now $519K, 958 Sand Castle Rd 3/2 now $595K, 1190 Sand Castle Rd 3/2 now $625K, 225 Daniel Dr 3/2.5 now $699K, 1183 Kittiwake Cir 3/2 now 768.9K, 1807 Serenity Ln 3/2 now $789K, 9446 Beverly Ln 3/3.5 now $799K, 239 Daniel Dr 3/2 now $998K (our listing – photos below), 1304 Eagle Run Dr 3/3 now $1.1M, 1672 Hibiscus Dr 3/2 now $1.159M, 519 Kinzie Island Ct 3/2.5 now $1.195M, 2479 Blind Pass Ct 3/2 now $1.25M.

11 new sales: 1040 Sand Castle Rd 3/2 listed at $549K, 958 Sand Castle Rd 3/2 listed at $595K, 601 Sea Oats Dr 3/2 listed at $659.9K, 474 Lake Murex Cir 3/2 listed at $674.9K, 5280 Umbrella Pool Rd 3/3 listed at $675K, 9448 Begonia Ct 3/2.5 listed at $699K (our listing), 5410 Osprey Ct 3/2.5 listed at $799K, 1120 Shell Basket Ln 4/2 listed at $895K, 536 Lighthouse Way 4/4.5 listed at $2.995M, 4171 West Gulf Dr 3/2 listed at $3.248M, 1008 Bayview Dr 4/4.5 listed at $3.595M.

5 closed sales: 1029 Dixie Beach Blvd 2/2 $410K, 2005 Mitzi Ln 2/2 $525K, 5301 Ladyfinger Lake Rd 3/2 $625K, 3323 Twin Lakes Ln 3/3 $730K, 3010 West Gulf Dr 3/2 $745K.

LOTS

1 new listing: 1305 Seaspray Ln $795K.

2 price changes: 5821 Pine Tree Dr now $499K, 976 Whelk Dr now $689K.

No new or closed sales.

Captiva

CONDOS

1 new listing: Sunset Captiva #103 2/2/2 $999K.

No price changes, new sales, or closed sales.

HOMES

1 new listing: 11534 Laika Ln 4/3.5 $1.799M.

No price changes.

1 new sale: 9 Sunset Captiva 3/2 listed at $1.299M.

1 closed sale: 13550 Palmflower Ln 4/3.5 listed at $3.75M

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

2017-08-08 Lighthouse beach log

 

Almost Time to Get Your Island Green On


2018-03-15 WW12018-03-15 WW22018-03-15 WW3

It’s SanibelSusan reporting another week of glorious Florida winter. Several mornings had temperatures down into the 50’s, followed by afternoons in the mid-70’s. Other than the occasional stiff breezes that have brought in some red tide, it has been very nice – bright and beautiful. (The pictures above were taken noon-ish yesterday on the beach in front of West Wind Inn.) Again this week, visitors and vacationers are having fun, as the bike paths continue to be busy, especially with families.

Colleagues in the accommodation business say that the upcoming rental week (Mar 17-24) is the first in several where they have vacancies, but that probably won’t slow things down on the island as Lee County Schools are off next week. Today and tomorrow, the Lions Club Arts & Crafts Fair at The Community House, across the street from our office, will keep Periwinkle busy.

Here at SanibelSusan Realty, we’ve had both sales and good showing activity this week. The activity since last Friday, as posted in the islands Multiple Listing Service follows a couple of new items.

Lower Your Wind Insurance Premium

Rosier Insurance logo Version BNice write-up in today’s “Island Sun” by island Association of Realtors® Affiliate, Angela Larson Roehl with Rosier Insurance:

“Consider having a wind mitigation inspection done. What is a wind mitigation inspection? The wind mitigation inspection breaks down the following information for carriers to apply applicable credits:

  • Building code compliance
  • Type of roof covering
  • Roof deck attachment
  • Roof to wall attachment
  • Roof geometry
  • Secondary water resistance
  • Opening protection.

“The wind mitigation inspection has evolved over the past 10 years or so, from being a simple two-page inspection with no photos, to now being four pages that must also include color photos to substantiate the information listed on the report. Wind mitigation inspections are valid for five years.

‘So what wind mitigation credits could potentially save you money on your wind premium? If your home has any of the following:

  • Florida Building Code credit relaying the roof was completed after March 1, 2002.
  • Roof deck attachment – B or C
  • Roof to wall attachment showing either clips, single wraps, or double wraps
  • Roof style – Hip
  • Secondary water resistance
  • Class A opening protection showing all exterior openings protected for cystic pressure of a nine-pound large missile (4.5 pounds for skylights)

“Credits for each of the above mitigation features can vary depending on the carrier. It’s best to consult your insurance agent to confirm the mitigation credits your policy already is providing and to see if having a new wind mitigation inspection could assist in lowering your wind insurance premium.” You can reach Angie at info@rosierinsurance.com.

In 2006, Florida became the first state in the nation to mandate that insurance companies offer some reduction insurance costs if a wind mitigation inspection is sought and certified upon review by a qualified inspector (usually a board-certified contractor, architect or engineer). Some Florida home inspectors are certified to prepare Wind Mitigation Reports too. Ron Dehler with Horizon Inspection Service, Inc. is one, HorizonInspection.com. We often recommend that buyers save time and money by having a wind mitigation inspection done at the same time as their standard home inspection.

Upcoming Events

happysaintpatricksdayclwi4St Patrick’s Day Fun – tomorrow, Mar 17 – several local establishments have special events & meals planned:

  • American Legion Post 123 on San-Cap Rd – St. Patrick’s Day Celebration with corned beef & cabbage from noon to 8 p.m.
  • George & Wendy’s Sanibel Seafood Grille, 2499 Periwinkle Way, “Eat, Drink, & Be Irish”, serving corned beef & cabbage, green beer, band & more, 5 to 11:30 p.m.
  • Fish Madness at The Sanibel Grill, 703 Tarpon Bay Rd – open for lunch today through Sun, Mar 18 for March Madness, corned beef special on St. Paddy’s Day
  • Matzaluna, 1200 Periwinkle Way, featuring corned beef & cabbage pizza on St. Patrick’s Day
  • Traditions on the Beach at 3111 West Gulf Dr – St Patrick’s Day Irish menu, party favors, live music & dancing, reservations recommended, 239-472-4559

FREE Spring Concert – Tues, Mar 20 at 7:15 p.m. – Combined voices of the Shell Point Singers & the BIG ARTS Community Chorus at Shell Point’s Village Church, 7:15 p.m., tickets not required, info at 239-454-2290. (It’s also not too early to get your tickets for the BIG ARTS Chorus spring concerts Apr 4 & 5. See below.)

2018 chorus poster

What’s a Seller’s Continuing Maintenance Requirement?

Florida Realtors logoGood article posted on-line today, by Attorney Meredith Caruso who is Manager of Member Legal Communications for Florida Realtors®. She works with the state Forms Content Committee where I serve.

“Often sellers choose a contract based on the repair requirements involved. Do they use a contract that requires no repairs, like the Florida Realtors/Florida Bar “As Is” Residential Contract for Sale and Purchase (As Is FR/Bar)? Or do they prefer a repair obligation up to a specified limit, which they can do if they choose the Florida Realtors/Florida Bar Residential Contract for Sale and Purchase (FR/Bar) or Florida Realtors Contract for Residential Sale and Purchase (CRSP)?

“Either way, it’s important for both Realtors and the transaction parties to understand potential additional repair obligations contained within the contracts.

“If using the “As Is” FR/Bar contract, the seller has no obligation to make repairs based on the buyer’s inspection results. But what happens if, after the inspection period on this contract, the seller’s air conditioning unit (which was noted as “older” in the inspection report) simply stops working? With no repair obligation, can the seller simply say “too bad” to the buyer and expect the buyer to proceed to closing?

“In short, no. And here’s why: Based on the language in paragraph 11, the Property Maintenance section, excluding normal wear and tear and Casualty Loss, the seller is obligated to maintain the property including, but not limited to, the lawn, shrubbery and pool, in the condition existing as of the Effective Date of the contract.

“This means that the seller may not have repair obligations under the inspection section of the As Is FR/Bar contract, but the seller does have to keep the property in relatively the same condition it was when the parties went under contract.

“Some other examples could include a neighborhood kid accidentally hitting a ball through a window or the pool pump no longer functioning. Assuming there was no hole in the window and the pool pump functioned fine when the parties went under contract, the seller must fix those items.

“It’s important to note that this potential repair obligation also extends to contracts where the seller is obligated to make repairs pursuant to a buyer’s inspection. If using either the FR/Bar or the CRSP contract, the seller has to make any repairs up to the repair limit(s) as laid out in the contract. However, if the refrigerator stops working right before closing, the seller is also obligated to fix that as well. This is an additional repair beyond the inspection repair obligation already contained in the contract.

“Why? Because a refrigerator that isn’t working right before closing – when it was working at the time the parties went under contract – needs to be repaired based on the property maintenance language in the contracts. For the FR/Bar this is also paragraph 11; for the CRSP, this language is in paragraph 8.

While these particular sections of the contracts may not come into play very often, it’s important to know of the potential obligation just in case “things happen,” as they tend to do.”

Sanibel & Captiva Islands Multiple Listing Service Activity March 9-16, 2018

Sanibel

CONDOS

6 new listings: Seashells #42 2/2 $379.9K, Sundial West #I404 1/1 $484K, Seawind #109 2/2.5 $530K, Loggerhead Cay #314 2/2 $569K, Pointe Santo #B21 2/2 $749K, Nutmeg Village #103 2/2 $810K.

7 price changes: Captains Walk #B2 1/1 now $239K (our listing), Sunset South #7C 2/2 now $569.5K, Kimball Lodge #303 1/2 now $595K, Compass Point #232 2/2 now $659K, Sundial East #Q404 2/2 now $949K, Tanglewood #1A 3/2 now $1.045M, Tamarind #B302 2/2 now $1.789M.

5 new sales: Tennisplace #E32 2/1 listed at $299K (our sale), Sandpebble #4D 2/2 listed at $439K, Sanibel Arms West #H2 2/2 listed at $499K, Sand Pointe #122 2/2 listed at $649K (our listing), Poinciana #3C 3/2 listed at $1.725M.

1 closed sale: Sundial #J207 2/2 $670K.

HOMES

5 new listings: 396 Lake Murex Blvd 3/2 $774.9K, 1120 Shell Basket Ln 4/2 $895K, 784 Limpet Dr 4/3 $1.95M, 1008 Bayview Dr 4/4.5 $3.595M, 4431 Waters Edge Ln 3/4 $6.495M.

16 price changes: 1438 Sandpiper Cir 3/2.4 half-duplex now $379.9K, 6143 Henderson Rd 4/3 now $424K, 5299 Umbrella Pool Rd 3/2.5 now $499K, 752/754 Cardium St 4/2 duplex now $579K, 744 Martha’s Lin 2/2 now $598K, 1323 Par View Dr 3/2 now $639K, 601 Sea Oats Dr 3/2 now $659.9K, 5430 Osprey Ct 3/3 now $699K, 5739 Pine Tree Dr now $819K, 9027 Mockingbird Dr 4/3 now $859K, 1350 Middle Gulf Dr 3/3 half-duplex now $889K, 1656 Middle Gulf Dr 3/4 now $949.9K, 6412 Pine Ave 4/2.5 now $1.195M, 267 Ferry Landing Dr 3/2 now $1.689M, 3009 Turtle Gait Ln 4/4.5 now $2.995M, 536 Lighthouse Way 4/4.5 now $2.995M.

7 new sales: 1029 Dixie Beach Blvd 2/2 listed at $419K, 707 Cardium St 3/2 listed at $879K, 1265 Par View Dr 3/2.5 listed at $899K, 940 Spoonbill Ct 3/2.5 listed at $1.095M, 2629 Coconut Dr 2/3 listed at $1.198M, 2263 Starfish Ln 5/4.5 listed at $1.699M, 514 Kinzie Island Ct 4/5 listed at $1.895M.

4 closed sales: 1513 Sand Castle Rd 3/2.5 $677K, 1245 Anhinga Ln 3/2 $799K, 5657 Sanibel-Captiva Rd 3/2 $865K, 1152 Buttonwood Ln 3/3.5 $1.235M.

LOTS

1 new listing: 6095 Dinkins Bayou Rd $289,555.

No price changes, new, or closed sales.

Captiva

CONDOS

5 new listings: Tennis Villas #3129 1/1 $325K, Tennis Villas #3136 1/1 $340K, Tennis Villas #3230 2/2 $469K, Beach Villas #2426 1/1 $545K, Marina Villas #901 2/2 $785K.

No price changes.

1 new sale: Beach Homes #22 2/2 listed at $2.095M.

1 closed sale: Bayside Villas #5202 1/2 $360K.

HOMES

4 new listings: 55 Sandpiper Ct 3/2 $1.049M, 9 Sunset Captiva Ln 3/2 $1.229M, 11525 Chapin Ln 4/4 $1.64M, 16179 Captiva Dr 6/6 multi-family $5.5M.

4 price changes: 16813 Captiva Dr 3/3 now $2.45M, 16814 Captiva Dr 2/2.5 now $5.45M, 16596 Captiva Dr 5/5/2 now $7.9M, 17030 Captiva Dr 6/7.5 now $9.25M.

1 new sale: 11535 Chapin Ln 4/3 listed at $1.359M.

2 closed sales: 11531 Paige Ct 4/3.5 $3.25M, 1121 Schefflera Ct 4/4.5 $5.25M.

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.

Our colorful St. Patrick’s Day ad got us the back page of the “Island Sun” this week. Here’s it is. Don’t forget to wear your green tomorrow!

Until next Friday, Susan Andrews, aka SanibelSusanIsland Sun 3-16-18