Sanibel Scoop & Captiva Chatter

SanibelSusan's Blog About What's Happening on the Islands

Sanibel Scoop & Captiva Chatter

Rainy Season Is Here, But Today’s Another Sunshiny Friday!

Rainy Season Not Here Yet, on Sunny Sanibel

The Causeway Islands sure were packed over the holiday weekend with beachgoers enjoying the wonderful weather. The rainy season still has not begun, so delight continues about the brilliant clear water.

From Wed 05-28-2025

There also have been plenty of boating fisherman, on either side of the causeway and out in the bay/gulf, particularly Saturday, Sunday, and Monday.

Though rain is needed and popcorn clouds continue to occasionally threaten, there have been no showers since a quick one Sunday evening. The forecast says the odds are up to 50% for rain every day next week. Meanwhile, we keep marveling at the Caribbean-style water, as it could be stirred up soon, right on schedule with the arrival of June.

Sanibel Stormwater Repair Project Continues

The City posted another update this week on Sanibel’s island-wide stormwater repair project which began in April and is part of their stormwater master plan update. The system was inspected by Johnson Engineering and the repair project incorporates the results of that and City inspections. Sediment is being removed from swales/culverts and improvements made at catch basin inlets and pipe end treatments. The project is expected to take several months. Work is in areas within publicly maintained rights-of-way and drainage easements.

More Re-Openings

Lazy Flamingo 2 & Key Lime Bistro – Last Friday both Lazy Flamingo 2 on Sanibel and Key Lime Bistro on Captiva reopened. They both had been closed for repairs since Hurricane Ian. Great to see them busy all week, including with live music at Key Lime.

Love Sanibel Back 2025 – Kicked off Wednesday at the East-End shops. Every week for the next 13 weeks, different business areas of the island will be highlighted with fun shopping and dining opportunities to “love Sanibel back”.

Florida Legislature Passes Condo Reform

Condo owners and their associations struggling with new FL inspection and repair requirements may get some relief by a couple of recent bills that provide more time for them to meet the stricter safety standards. The new legislation:

  • Clarifies that these inspections apply to buildings with three or more habitable stories.
  • Extends the Dec 31 deadline for structural integrity studies by one year, to the end of 2026. (These studies are required by existing law if a milestone inspection reveals possible structural problems.)
  • Pauses the requirement to create reserve funds for building repairs for two years after completing the structural integrity study.
  • Allows associations to levy special assessments or use line of credit to fund repairs, with the approval of a majority of unit owners.
  • Extends the deadline until Oct 1 for local authorities to report which condos have been inspected or deemed uninhabitable.

Island Real Estate Scoop

The Sanibel & Captiva Islands Association of Realtors had their monthly membership meeting yesterday followed by the first caravan in three weeks. Guest speaker, Sanibel Mayor Mike Miller provided an island update, while only one property was open for caravan viewing.

Through the summer slower season, the Caravan Meetings will be every other week, open for any island location, and go back to an earlier schedule of 9-10 a.m. That will mean earlier open houses too. The next one will be June 12.

Below, with data from the island MLS are summary tables of the residential sales statistics, followed by the details of the MLS action reported this week.

On the residential side, there were seven new sales this week on Sanibel (three condos and four homes) and three on Captiva (a condo and two homes).

On the commercial side, Island Condo Maintenance (ICM), the pool service business came on the market for $1.3M. The commercial real estate at 1039 and 1041 Periwinkle Way (known as Sanibel Commons) also is for sale for $5.4M. This real estate includes 1.68 acres with three buildings, the flex building built in 2020 leased by ICM, the Bait Box building that was raised after Ian, and the building leased to Curio Cottage.

SANIBEL

RESIDENTIAL

CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale: 169 985,189 151 265 1,704,068 137 46 1,230,030 289
Under contract 12 802,458 87 23 1,324,632 121 0 N/A N/A
Sold to 5/30/25 50 803,929 123 71 1,402,257 111 4 1,095,000 79
Sold 2024 75 818,493 117 165 1,472,757 114 15 1,403,533 192
Sold 2023 98 955,261 65 263 1,267,390 73 24 920,645 76
Sold 2022 123 1,136,199 44 185 1,602,745 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA

RESIDENTIAL

CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale: 50 1,231,648 192 41 6,355,926 173 3 9,916,666 294
Under contract 2 1,235,000 181 2 2,487,000 159 0 N/A N/A
Sold to 5/30/25 4 1,473,750 379 1 910,000 86 0 N/A N/A
Sold 2024 13 1,728,846 185     8 4,887,187 182 0 N/A N/A
Sold 2023 17 834,176 98 17 2,716,647 70 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity May 23-30

Sanibel

CONDOS

No new listings.

4 price changes: Sundial #D206 1/1 now $499K, Sandalfoot #4D1 2/2 now $649K, Oceans Reach #3X1 1/1 now $679K, Lighthouse Point #215 3/2 now $895K.

3 new sales: Sandpebble #3E 2/2 listed at $438.5K, Sandpiper Beach #402 2/2 listed at $775K, Island Beach Club #P2E 2/2 listed at $960K.

3 closed sales: Lighthouse Point #211 2/2 $590K, Oceans Reach #3X3 1/1 $640K, La Playa #3B 3.2 $1.55M.

HOMES

5 new listings: 595 Sea Oats Dr 3/2 $789.9K, 773 Cardium St 2/2 $875K, 654 Sea Oats Dr 3/2 $985K, 1283 Par View Dr 2/2 $995K, 1589 Sand Castle Rd 3/3 $1.33M.

2 back-on-market: 1062 S Yachtsman Dr 3/3 $1.299M, 2402 Wulfert Rd 4/3.5 $1.695M.

11 price changes: 220 Hurricane Ln 2/2 now $575K, 910 Fitzhugh St 4/2 now $599K, 9436 Kava Ct 2/2 now $694K, 996 Greenwood Ct N (1/2 duplex) 3/3 now $850K, 970 Sand Castle Rd 3/2 now $959K, 9439 Cotton Ct 4/4.5 now $1.145M, 702 Pyrula Ave 3/2 now $1.295M, 829 Pyrula Ave 3/3 now $1.39M, 6101 Starling Way 4/3.5 now $1.748M, 985 Oyster Ct 5/4 now $2.295M, 1490 Angel Dr 4/3 now $3.795M.

4 new sales: 495 East Lake Rd 3/2 listed at $639K, 654 Sea Oats Dr 3/2 listed at $985K, 1590 Century Ct 3/3 listed at $1.395M, 3744 West Gulf Dr 4/4 listed at $1.599M.

3 closed sales: 604 Sea Oats Dr 4/3 $875K, 736 Windlass Way 3/2 $1.225M, 26010 White Heron Ln 3/2.5 $1.7M.

LOTS

1 new listing: 2442 Blue Crab Ct $549K.

No price changes new, or closed sales.

CAPTIVA

CONDOS

No new listings.

3 price changes: Bayside Villas #5125 1/2 now $325K, Bayside Villas #5208 ½ now $400K, Captiva Beach Villas #E 5/4.5 now $3.489M.

1 new sale: Gulf Beach Villas #2011 1/1 listed at $680K.

1 closed sale: Beach Homes #29 4/4 $2.7M.

HOMES

1 new listing:  15009 Binder Dr 5/6.5 $8.495M.

No price changes.

2 new sales: 15155 Wiles Dr 3/2 listed at $1.979M, 11547 Laika Ln 4/4 listed at $2.995M.

No closed sales.

LOTS

Nothing to report.

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

Enjoy your weekend, Susan Andrews, aka SanibelSusan

Popcorn Clouds, Spring Nests, & Memorial Day Weekend

Sunny southwest Florida weather continues with bright clear water still being enjoyed by island beachgoers and boaters. The rainy season has not begun, though the last couple of days some popcorn clouds have been spotted. Those usually are a warning that showers are coming, but I always joke that they must pay the island toll first. They often get stuck inland.

Daytime temperatures here remain in the mid- to high-80’s/low 90’s (degrees F) and hopefully good weather stays through the holiday weekend. Memorial Day usually brings more overnight visitors and day-trippers. Hopefully, some will be looking to buy real estate.

Restoration Continues

Again, this week, plenty of new landscaping was noticed during my island travels. A list below of just a few that I saw:

  • Beachcomber – many new palms, plants, and sod. Looks completely new.
  • Kings Crown has many new large palms. Project is ongoing.
  • Seascape also looks to have completed their new plantings.
  • Villa Sanibel also is sporting new vegetation. I heard they will be reopening for rentals on July 1.

Spring Nests

SCCF photo

Least Tern Chicks – SCCF (Sanibel-Captiva Conservation Foundation) reports that their staff & volunteers have been working hard to protect at least 70 least tern nests on the causeway islands. The first babies were spotted this week. These chicks usually can walk within days but stay in the nest for several days. Then, after about two weeks. they venture a little further. With the holiday weekend approaching, causeway visitors are asked to watch out for these tiny vulnerable chicks. Tern nesting season runs until August, when the colony will head off to winter in Central or South America. This is the third straight year that these birds have nested here after a 30-year absence.

Sea Turtles – This week SCCF also documented the first 2025 green sea turtle nest on the islands. It was laid by the same sea turtle that SCCF has encountered 12 times over the last seven years. Nearly all sea turtle nests laid here are from loggerhead turtles, but there could be as many as 30 green turtle nests. SCCF documented the first loggerhead nest on April 25. As of SCCF has recorded 132 sea turble nests on the island (the same number as last year at this time). Turtle nesting season goes through October.

To assist SCCF, volunteer or donate, please contact them at SCCF.org. With snowbirds leaving, particularly now, they are looking for more help.

Island Real Estate Scoop

The island Association of Realtors had no Caravan Meeting this week, as classes for the SCIS (Sanibel Captiva Islands Specialist) designation were underway. There was, however, listing activity posted in the MLS as detailed below.

Market conditions continue to favor buyers and likely will until inventory goes down. In the meantime, year-to-date, there are 119 closed residential Sanibel sales (that including condos, homes, and residential lots), and just four on Captiva.

With 492 active residential listings on Sanibel and 96 on Captiva, it does not take an economist to say that there are years of inventory. Buyers have more choices than in years. Also, many properties now are in “like-new” condition. As recovery continues, more will come on the market.

This market is like much of Florida and the nation, where sales overall are down compared to last year, inventory is up, with prices easing.

Will it take a summer without a hurricane for sales here to improve? Probably, as that is the biggest objection, we hear from prospective purchasers. Betcha though that those willing to jump before the upward swing returns will benefit. As unique as the islands are, the market will come back.

Below, with data from the island MLS are summary tables of the residential sales statistics, followed by the details of the MLS action reported this week.

There were five residential island sales this week, all on Sanibel (a condo and four homes). That is fewer than in many weeks, but typical for just after “season” when winter residents head north and before summer vacations begin.

SANIBEL

RESIDENTIAL

CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale: 174 981,370 143 273 1,783,454 134 45 1,245,164 288
Under contract 11 795,545 112 24 1,376,481 120 0 N/A N/A
Sold to 5/23/25 47 796,095 122 68 1,408,238 112 4 1,095,000 79
Sold 2024 75 818,493 117 165 1,472,757 114 15 1,403,533 192
Sold 2023 98 955,261 65 263 1,267,390 73 24 920,645 76
Sold 2022 123 1,136,199 44 185 1,602,745 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA

RESIDENTIAL

CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale: 51 1,224,419 188 42 6,120,761 170 3 9,916,666 287
Under contract 2 2,394,500 62 0 N/A N/A 0 N/A N/A
Sold to 5/23/25 3 1,065,000 477 1 910,000 86 0 N/A N/A
Sold 2024 13 1,728,846 185     8 4,887,187 182 0 N/A N/A
Sold 2023 17 834,176 98 17 2,716,647 70 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity May 16-23

Sanibel

CONDOS

1 new listing: Sundial #H402 2/2 $725K.

8 price changes: Spanish Cay #F6 1/1 now $473K, Sanibel Moorings #212 1/1 now $485K, Lighthouse Point #319 2/2 now $599K, Sandy Bend #5 2/2 now $599K, Sanibel Moorings #232 2/2 now $685K, Sanibel Moorings #1541 3/2 now $849K, Heron at The Sanctuary #1-2B 3/3.5 now $1.095M.

1 new sale: Nutmeg Village #211 2/2 listed at $939K.

2 closed sales: Sundial #I207 1/1 $375K, Sandpiper Beach #505 2/2 $710K.

HOMES

6 new listings: 2612 Coconut Dr 3/2 $1.25M, 6180 Henderson Rd 2/2 $1.8M, 742 Nerita St 3/2 $1.8M, 4099 West Gulf Dr 5/5.5 $3.5M, 1581 San Carlos Bay Dr 4/3.5 $3.995M, 6401 Pine Ave 4/3.5 $4.995M.

2 back-on-market: 9439 Cotton Ct 4/4.5 $1.15M, 1590 Century Ct 3/3 $1.395M.

10 price changes: 1446 Sandpiper Cir (1/2 duplex) 2/2 now $589K, 3362 Barra Cir 2/2 now $725K, 1426 Sand Castle Rd 3/2 now $995K, 1270 Par View Dr 3/2 now $999.5K, 5753 Pine Tree Dr 3/4 now $1.395M, 1428 Albatross Rd 3/2.5 now $1.485M, 5230 Caloosa End Ln 4/3.5 now $2.194M, 6450 Pine Ave 3/3 now $2.34M, 628 Lighthouse Way 4/5.5 now $4,099,995, 5071 Joewood Dr 4/5.5.5 now $4.95M.

4 new sales: 554 East Rocks Dr 3/2 listed at $999K, 252 Daniel Dr 3/2 listed at $1.195M, 1441 Sand Castle Rd 3/2 listed at $1.599M, 1672 Hibiscus Dr 4/4.5 listed at $1.599M.

3 closed sales: 690 Purdy Dr 3/2 $399K, 1731 Serenity Ln 4/3 $725K, 811 Birdie View Pt 3/2.5 $1.01M.

LOTS

1 new listing: 4155, 4163, & 4171 West Gulf Dr $14M.

No price changes or new sales.

1 closed sale: 1377 Jamaica Dr $330K.

CAPTIVA

CONDOS

1 new listing: Captiva Hide-a-Way #2C 2/2 $1.395M.

No price changes, new or closed sales.

HOMES

No new listings.

5 price changes: 11525 Laika Ln 4/2.5.5 now $1.599M, 15155 Wiles Dr 3/2 now $1.979M, 16891 Captiva Dr 3/3 now $3.5M, 15153 Captiva Dr 3/3 now $5.25M, 16886 Captiva Dr 5/4.5 now $6.9M.

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 in or participated in these transactions.

Enjoy your Memorial Day weekend,

Susan Andrews, aka SanibelSusan

 

More Sunshine & Seashells at The Seashore

It is another sun-shiny Friday with Sanibel and Captiva Islands still surrounded by bright blue water, though there finally were some heavy showers on both Mothers’ Day and Monday. A few swales have water in them as others continue to be cleaned out in preparation for rainy season.

May also is when islanders usually enjoy seeing the local royal poinciana trees bursting with orange blooms. When I remembered that I had not seen may yet, I drove by a few former favorites this afternoon. Most were severely damaged and not doing well, but I found a new one in Island Woods that I had not noticed in prior years.

Daytime temps in the mid-80’s (degrees F) are expected right through next week as new growth in typical spring fashion is popping out everywhere, including on my front walk where a gardenia bush has made it through the last three hurricanes. It only has a single bloom, but it is going to make it!

Last Saturday, I also spotted my first island marsh rabbit since Hurricane Ian. Others have spotted them all over, but this one was in my yard – so extra special.

Sanibel & Captiva Islands Association of Realtors

Last weekend the May/June issue of the island “Real Estate Guide” was out. Our ad is below:

Wednesday was the Association 28th Annual RPAC Golf Tournament, Auction, and Party at The Sanctuary. Thankfully it was a day with clear weather, bright blue skies and plenty of sunshine. Formerly known as our “Over the Hump” party to celebrate the end of high season, it was hardly a busy winter this year, but it is always important to celebrate our profession and support RPAC.

Roadways are again very quiet now that most snowbirds have departed and few are vacationing. With that slowdown, the weekly Association caravan meetings have changed to twice a month and likely will stay that way until business picks up in the fall. The meeting scheduled yesterday was cancelled.

The next Caravan will follow the monthly membership meeting on May 29 when Sanibel Mayor Mike Miller is the guest speaker.

Island Real Estate Scoop

Below, with data from the island MLS are summary tables of the residential sales statistics, followed by the details of the MLS action reported this week.

There were 12 residential island sales this week, all on Sanibel (three condos, eight homes, and a lot).

SANIBEL

RESIDENTIAL

CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale: 176 983,804 137 277 1,804,415 131 44 955,281 288
Under contract 12 750,583 126 24 1,314,481 132 1 399,000 118
Sold to 5/16/25 45 807,366 121 65 1,440,403 111 3 1,350,000 66
Sold 2024 75 818,493 117 165 1,472,757 114 15 1,403,533 192
Sold 2023 98 955,261 65 263 1,267,390 73 24 920,645 76
Sold 2022 123 1,136,199 44 185 1,602,745 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA

RESIDENTIAL

CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale: 51 1,214,223 184 42 6,166,500 163 3 9,916,666 280
Under contract 2 2,394,500 62 0 N/A N/A 0 N/A N/A
Sold to 5/16/25 3 1,065,000 477 1 910,000 86 0 N/A N/A
Sold 2024 13 1,728,846 185     8 4,887,187 182 0 N/A N/A
Sold 2023 17 834,176 98 17 2,716,647 70 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity May 9-16

Sanibel

CONDOS

1 new listing: Loggerhead #331 2/2 $835K.

5 price changes: Mariner Pointe #1023 2/2 now $425K, Gulf Beach #203 2/2 now $699K, Gulf Beach #204 2/2 now $699K, Sundial #K103 2/2 now $949K, Sanibel Sunset #102 3/2 now $1.049M.

3 new sales: Blind Pass #B110 2/2 listed at $549K, Beach Road Villas #103 2/2 listed at $585K, Loggerhead Cay #184 2/2 listed at $939K.

2 closed sales: Colonnades #1 1/1 $227.5K, Sundial #C406 1/1 $555K.

HOMES

2 new listings: 3940 Coquina Dr 3/2 $825K, 3008 Turtle Gait Ln 3/2 $1.5M.

8 price changes: 9455 Beverly Ln 2/2 now $550K, 220 Hurricane Ln 2/2 now $625K, 5892 San-Cap Rd 3/3 now $649K, 4631 Bowen Bayou Rd 3/2 now $749K, 1242 Par View Dr 3/2 now $899K, 5300 Umbrella Pool 3/3 now $1.1M, 544 Sea Oats Dr 4/4 now $1.395M, 734 Pyrula Ave 3/2.5 now $1.399M.

8 new sales: 1027 Bird Watch Way 3/2 listed at $825K, 485 Peachtree Rd 3/3 listed at $975K, 459 Lagoon Dr 2/2.5 listed at $1.099M, 1660 Bunting Ln 4/3.5 listed at $1.3M, 5855 San-Cap Rd 3/2 listed at $1.35M, 1590 Century Ct 3/3 listed at $1.395M, 2402 Wulfert Rd 4/3.5 listed at $1.695M, 483 Sea Walk Ct 4/3 listed at $2.094M.

5 closed sales: 575 Hideaway Ct 3/2 $607.5K, 1521 Wilton Ln 3/2 $850K, 1817 Long Point Ln 3/2 $1.5M, 1313 Eagle Run Dr 3/3 $1.61M. 4099 West Gulf Dr 5/5.5 $2.8M.

LOTS

No new listings.

2 price changes: Bowmans Beach Rd 27 now $210K, 5398 Osprey Ct now $339K.

1 new sale: 1377 Jamaica Dr listed at $399K.

No closed sales.

CAPTIVA

CONDOS

1 new listing: Lands End Village #1602 3/3 $3.398M.

2 price changes: Bayside Villas #5112 1/2 now $295K, Bayside Villas #5124 1/2 now $349K.

No new sales.

1 closed sale: Gulf Beach Villas #2126 2/2 $1M.

HOMES

1 new listing: 11555 Wightman Ln 3/2.5 $4.5M.

1 price change: 15161 Captiva Dr 4/4.5 now $5.995M.

No new or closed sales.

LOTS

Nothing to report.

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

Enjoy your weekend,

Susan Andrews, aka SanibelSusan

Another Sun Shiney Friday on Sanibel & Captiva Islands

With the rainy season just around the corner, there has been a noticeable increase in new landscaping going in around the island.  Since the summer showers have not begun yet (just a couple of quick sprinkles earlier this week), the gulf and bay waters remain a clear bright blue.

Folks enjoying the beach at Fulgur St Beach access.

Today at Tarpon Beach condos.

At Tarpon Beach condos, the new landscaping plan also includes a new entrance. Many owners and communities forward to getting free watering for their new vegetation and more greenery as the spring growing season continues. In addition to seeing new plants going in, there also has been a scurry of activity this week with swales and drainage areas being cleaned out along the Gulf Drives. I saw them today at Casa Ybel Resort.

There also has been serious tree trimming around East End utility lines and along the sides of roadways, including Tarpon Bay Rd. Anchor Drive took an entire day & then I saw them on Causeway Bldvd. Sanibel will be better prepared for rainy season this year!

Speaking of tarpon, many more fishing boats have been lined up next to the causeway bridges this week too. Today was the 13th Annual “Ding” Darling & Doc Ford’s Tarpon Tournament, but no results have announced yet.

Florida Tops U.S. For Economy

Posted Wednesday on Florida Realtors: “Florida ranks No. 1 for economy, No. 2 in education, and No 6 overall in U.S. News’ Best States list – up three spots from last year…

“The ranking, which looks at eight categories (health care, education, natural environment, opportunity, economy, crime and corrections, infrastructure and fiscal stability) across 71 different metrics, also placed Florida as second in the nation for education.

“U.S. News & World report said the state’s dramatic growth bolstered the economy for the No. 1 spot. “With millions of visitors each year to its beaches, major amusement parks centered around Orlando and cruise ships departing from ports on both coasts, tourism is a major contributor to Florida’s gross domestic product.

The state’s agriculture industry is also robust, with Florida groves producing many of the country’s oranges and a winter vegetable industry that makes agriculture a year-round enterprise,” U.S. News’ analysts said.

“Tourism, which pays a sizable share of the state’s sales tax, also has enabled Florida to remain among the states without a personal income tax – adding to the allure of the nation’s leading retirement haven.”

Gov. Ron DeSantis lauded the state’s ranking, noting Florida climbed three spots in Best State rankings overall from last year. “Great momentum!”

Florida was the only state in the South to make the top 10 list:

  1. Utah
  2. New Hampshire
  3. Idaho
  4. Minnesota
  5. Nebraska
  6. Florida
  7. Vermont
  8. South Dakota
  9. Massachusetts
  10. Washington

Causeway News

More folks also have been enjoying the causeway island beaches and this week the speed limit returned to 35, but just on the causeway. From the toll booth west, it remains 20 with construction continuing in that area.

Heading on/or off island, it still pays to drive cautiously as visitors are adjusting to the new causeway beach entrances. Bikers are back on the causeway too.

SCCF (Sanibel-Captiva Conservation Foundation) also is monitoring least terns also have been observed nesting on the causeway again this year. This will be the third straight year with them there, after a 30-year absence. Last year, they successfully fledged chicks.

Sea Turtles

Daily monitoring of the 18 miles of Sanibel and Captiva beaches began on April 15 with SCCF documenting the first sea turtle nest of the year on April 25. Since then, their staff and volunteers, beginning each day at dawn, have reported ten loggerhead turtle nests and 28 false crawls. Nesting season will continue to pick up (particularly in June and July), so please remember to keep beach lights out after 9 p.m.

Sanibel & Captiva Islands Association of Realtors

It was an East-End Caravan meeting yesterday at the Islands Association of Realtors. The tour following the meeting had a Sanibel condo, a Sanibel home, and a Captiva home open for easy viewing. Next week is West-End Caravan, while at our monthly membership meeting on May 29, we look forward to hearing from guest speaker, Sanibel Mayor Mike Miller.

Real Estate Scoop

Below, with data from the island MLS are summary tables of the residential sales statistics, followed by the details of the MLS action reported this week.

There have been seven new island sales this week: two Sanibel condos, four Sanibel homes, and a Captiva condo.

SANIBEL

RESIDENTIAL

CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale: 179 979,662 130 285 1,792,484 126 45 943,631 277
Under contract 11 706,545 142 21 1,462,402 153 0 N/A N/A
Sold to 5/9/25 43 826,720 119 60 1,437,645 105 3 1,350,000 66
Sold 2024 75 818,493 117 165 1,472,757 114 15 1,403,533 192
Sold 2023 98 955,261 65 263 1,267,390 73 24 920,645 76
Sold 2022 123 1,136,199 44 185 1,602,745 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA

RESIDENTIAL

CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale: 51 1,166,321 180 41 6,214,463 160 3 9,916,666 273
Under contract 3 1,994,666 178 0 N/A N/A 0 N/A N/A
Sold to 5/9/25 2 1,097,500 473 1 910,000 86 0 N/A N/A
Sold 2024 13 1,728,846 185     8 4,887,187 182 0 N/A N/A
Sold 2023 17 834,176 98 17 2,716,647 70 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity May 2-9

Sanibel

CONDO

4 new listings: Lighthouse Point #111 2/2 $548K, Sanibel Surfside #113 2/2 $930K, Sanddollar #302 3/2 $1.499M, Sundial #A210 2/2 $1.95M.

7 price changes: Cottage Colony West #132 1/1 now $503K, Sandalfoot #2C2 2/2 now $725,555; Sundial #A308 2/2 now $849K, Sandalfoot #1A2 2/2 now $849K, Sandalfoot #5D2 2/2 now $849K, Sandalfoot #5D3 2/2 now $879K, Sundial #J104 2/2 now $985K.

2 new sales: By-the-Sea #B101 3/2 listed at $699K, Heron at The Sanctuary #1-3A 3/2.5 listed at $1M.

3 closed salesSunset South #7D 2/2 $550K (SanibelSusan listing), Sanibel Inn #3511 2/2 $825K, Sundial #O406 2/2 $1.5M.

HOMES

3 new listings: 548 Chert Ct 3/2 $899K, 1202 Sand Castle Rd 4/3.5 $1.299M, 2337 Wulfert Rd 4/3 $1.694M.

1 back-on-market: 1062 S Yachtsman Dr 3/3 $1.299M.

18 price changes: 9455 Beverly Ln 2/2 now $610K, 1651 Sand Castle Rd (1/2 duplex) 3/2.5 now $669K, 9338 Belding Dr 2/2.5 now $749K, 5309 Umbrella Pool Ct 3/3 now $835K, 249 Christofer Ct 3/2 now $1.025M, 272 Ferry Landing Dr 3/3 now $1.095M, 458 Lake Murex Cir 3/2 now $1.139M, 717 Gopher Walk Way 3/3.5 now $1.195M, 2525 Lands End Pl 4/3 now $1.375M, 702 Pyrula Ave 3/2 now $1.395M,  713 Durion Ct 3/2 now $1.4M, 829 Pyrula Ave 3/3 now $1.495M, 203 Daniel Dr 3/3 now $1.495M, 821 Lindgren Blvd 3/3 now $1.595M, 848 Limpet Dr 3/2 now $2.05M, 5435 Osprey Ct 4/3.5 now $2.099M, 4972 Joewood Dr 4/3.5 now $2.55M, 1146 Golden Olive Ct 4/4.5 now $2.9M.

4 new sales: 551 Sea Oats Dr 3/2 listed at $675,555; 736 Windlass Way 3/2 listed at $1.399M, 9439 Cotten Ct 4/4.5 listed at $1.15M, 9113 Mockingbird Dr 3/3.5 listed at $1.995M.

4 closed sales: 4596 Buck Key Rd 3/2 $645K, 588 Hideaway Ct 3/2 $685K, 284 Ferry Landing Dr 3/2.5 $1.095M, 906 Snowberry Ln 4/4.5 $3.95M.

LOTS

1 new listing: 1746 Windward Way $495K.

No price changes, new or closed sales.

CAPTIVA

CONDOS

No new listings.

3 price changes: Bayside Villas #4110 1/2 now $325K, Bayside Villas #5208 1/2 now $450K, Tennis Villas #3132 2/2 now $672.5K.

1 new sale: Beach Homes #29 4/4 listed at $2.999M.

No closed sales.

HOMES

1 new listing: 54 Sandpiper Ct 2/2 $1.36M.

2 price changes:  16500 Captiva Dr 6/5.5 now $6.995M, 1127 Longifolia Ct 4/4 now $7.4M.

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 in or participated in these transactions.

 Happy Mothers’ Day weekend, Susan Andrews, aka SanibelSusan

Water Lovers Delight on Sunny Sanibel

Beach access #7 this afternoon 05-02-2025

All Beach Accesses Plus Causeway Park Now Open

The big news here this week was the reopening of the causeway islands park to visitors. Closed since September 2022, Lee County announced that the park opened yesterday with its first phase of amenities ready for the public. After being closed while Florida Department of Transportation used the site during the rebuilding of the Sanibel Causeway, Lee County Parks and Recreation has now resumed their redesign and improvement efforts.

The opening offers free on-site parking, portable restrooms and trash/recycling bins. The County design phase is for improvements focusing on creating a more resilient park. That planning is expected to be completed this summer with construction to begin later this year and completion expected in 2026. Progress can be found at www.leegov.com/parks.

From Causeway Park 05-01-2025

It was amazing both yesterday and today to see so many folks already enjoying the causeway beaches, while the bay water on either side of the bridges were also busy with boaters angling for tarpon. This morning there were so many fishing that there were too many boats to count while driving. The 13th Annual Ding Darling Doc Ford’s Tarpon Tournament is next Friday, so they could be practicing!

With the island beach parking lots also open, including the Turner Beach lot on Captiva, there are plenty of spots ready for visitors. The water surrounding the islands remains a brilliant clear blue and daytime temperatures continue in the low to mid-80’s, a wonderful time of the year for water lovers.

Free Tickets to 32nd Annual Sam Bailey Island Night

The event this year is themed the 50th Anniversary Edition in honor of Sanibel anniversary this past November. Island Night tickets are free with the festivities beginning at Hammon Stadium on Wednesday night May 7, when gates open at 5:45 p.m. A traditional pre-game parade and ceremony follow with the first pitch thrown at 7:05 p.m. when the Fort Myers Mighty Mussels take on the Dunedin Blue Jays. A first-ever fireworks display will close out the event.

Tickets are available on line at www.gofevo.com/Islandsnight25 or pick them up on Sanibel at the Chamber of Commerce Visitors Center, Bank of the Islands, Huxter’s Market and Deli, Jerry’s Foods, and at The Island Store on Captiva.

Sanibel & Captiva Islands Association of Realtors

It was a short meeting yesterday at the Islands Association of Realtors. No properties were signed up for the West-End Caravan that followed the meeting. That is a bit unusual, but late spring usually is the least popular time for new listings with the rainy season beginning soon. This also can be the time of the year when unsold listings are taken off the market for the summer and then relisted in early fall when snowbirds again start thinking about winter and Florida weather.

You can bet optimistic Realtors still look forward to more sales this summer as restoration continues and more visitors return.

Real Estate Scoop

Below, with data from the island MLS are summary tables of the residential sales statistics, followed by the details of the MLS action reported this week.

There were eight new island sales again posted this week, all on Sanibel: a condo and seven homes.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

180

971,411

127

289

1,792,555

122

44

953,827

276

Under contract

12

764,333

125

22

1,551,181

143

0

N/A

N/A

Sold to 5/2/25

40

816,849

122

56

1,426,595

106

3

1,350,000

66

Sold 2024

75

818,493

117

165

1,472,757

114

15

1,403,533

192

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

52

1,204,843

171

39

6,577,897

161

3

9,916,666

266

Under contract

2

1,492,500

234

0

N/A

N/A

0

N/A

N/A

Sold to 5/2/25

2

1,097,500

473

1

910,000

86

0

N/A

N/A

Sold 2024

13

1,728,846

185

    8

4,887,187

182

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity Apr 25-May 2

Sanibel

CONDO

3 new listings: Sundial #I102 1/1 $525K, Blind Pass #B101 2/2 $649K, Sanibel Surfside #233 2/2 $849.9K.

5 price changes: Spanish Cay #F2 1/1 now $389K, Sandpebble #4A 2/2 now $525K, Tantara #202 2/2 now $795K, Tamarind #B201 2/2 now $1.599M, Gulfside Place #125 2/2 now $1.65M.

1 new sales: Sandpiper Beach #103 2/2 listed at $725K.

6 closed sales: Donax Village #5 2/2 $599K, Island Beach Club #P1F 2/2 $719K, Sanibel Moorings #1112 2/2 $800K, Sanibel Surfside #135 2/2 $1.015M, Somerset #D201 3/2.5 $1.5M, Somerset #E101 3/2.5 $1.6M.

HOMES

3 new listings: 1304 Par View Dr 3/3 $1.1M, 1111 Schooner Pl 3/3 $1.395M, 213 Daniel Dr 4/3 $1.475M.

14 price changes: 910 Fitzhugh St 4/2 now $619K, 551 Sea Oats Dr 3/2 now $675,555; 1314 Tahiti Dr 3/2 now $599K, 1436 Jamaica Dr 2/2 now $679K, 1806 Ibis Ln 3/2 now $749K, 1526 Wilton Ln 4/2 now $750K, 838/840 Rabbit Rd (duplex) 4/2 now $839K, 1625 Serenity Ln 3/2 now $850K, 1006 Lindgren Blvd 3/2 now $1.249M, 799 Birdie View Pt 3/3 now $1.399M, 1666 Middle Gulf Dr 3/2 now $1.4M, 3744 West Gulf Dr 4/4 now $1.599M, 865 Birdie View Pt 4/4.5 now $1.849M, 5105 Joewood Dr 5/5 now $3.975M.

7 new sales: 1978 Roseate Ln 3/2 listed at $699K, 235 Palm Lake Dr 3/2 listed at $799K, 9067 Mockingbird Dr 3/2 listed at $879K, 811 Birdie View Pt 3/2.5 listed at $1.399M, 6010 White Heron Ln 3/2.5 listed at $1.895M, 906 Snowberry Ln 4/4.5 listed at $4.75M, 4099 West Gulf Dr 5/5.5 listed at $4.95M.

7 closed sales: 1258 Sand Castle Rd 3/2 $570K, 499 Leather Fern Pl 3/2 $850K, 2276 Wulfert Rd 4/5.5 $850K, 1646 Middle Gulf Dr 3/3 $1.05M. 254 Daniel Dr 3/2 $1.1M, 1311 Par View Dr 3/3 $1.12M, 595 Birdsong Pl 3/2 $1.2M.

LOTS

1 new listing: 1032 Sand Castle Rd $399K.

No price changes, new or closed sales.

CAPTIVA

CONDOS

No new listings.

6 price changes: Tennis Villas #3135 1/1 now $399K, Tennis Villas #3233 2/2 now $675K, Bayside Villas #40 3/3 now $999K, Bayside Villas #4318 3/3 now $999K, Beach Homes #29 4/4 now $2.999M, Beach Homes #19 3/3 now $5.4M.

No new sales.

1 closed sale: Lands End Village #1650 3/3 $1.795M.

HOMES

1 new listing: 16730 Captiva Dr 5/5.5 $10.9M.

1 price change: 11525 Laika Ln (duplex) 4/2.5.5 now $1.85M.

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 in or participated in these transactions.

Enjoy your weekend, Susan Andrews, aka SanibelSusan

Water, Wildlife, & Real Estate News from Sunny Sanibel

The weeks are flying by and the weather continues to be wonderful on sunny Sanibel. Stil no needed rain, but great conditions for those enjoying vacations, shelling, boating, and more.

Before the rainy season begins, it is always special to see the gulf water clear and bright azure blue, so much like the Caribbean. SCCF (Sanibel Captiva Conservation Foundation) reports that for the past 43 days flows into Lake Okeechobee and impact to the Caloosahatchee River have been optimum. The latest pic from their website is below.

Wildlife News

On the wildlife front, it was great to hear this week that many are seeing their first marsh rabbits since the 2022 storm. I also keep looking, but none yet.

The SCCF shorebird team is monitoring Sanibel’s first two snowy plover nests of the year. One is an adult that was banded in 2019 and has nested here every year since. The other nest belongs to an unbanded pair. Last year was the first in the snowy plover program history that no chicks were fledged here. Volunteers check nests daily. Shorebird nesting season begins in February and can continue through August.

It also now is the beginning of sea turtle nesting season. Each spring, warmer waters in the Gulf trigger these turtles to start their migration from foraging grounds to breeding nesting and habitats. From now through October, SCCF’s turtle team of staff and volunteers monitors the beaches documenting nests. They, in fact, announced that the first loggerhead nest of 2025 was documented, staked off this morning, and will be monitored daily. To protect sea turtles, you are reminded to:

  • Fill in holes and flatten sandcastles
  • Turn off/shield all lights visible from shore after 9 p.m. (and don’t use flashlights)
  • Remove beach furniture, equipment, and trash that could pose turtle hazards
  • Keep your distance from marked nests and do not disturb nesting turtles.

Report problems to SCCF Turtle Hot Line at 978-728-3663 (978 SAVE ONE).

Sanibel & Captiva Islands Association of Realtors

 

At the monthly Association of Realtors membership meeting yesterday, guest speaker Dr. Brad O’Connor, Florida Realtors Chief Economist, updated attendees on business state-wide. Teammate Dave attended while I listened remotely.

Collecting MLS information from all the Realtor Associations in Florida, Brad provided statistics both for the county and for the islands of Sanibel/Captiva in particular. In general terms, he said the market in Florida is not unlike much of the country with the economy, new presidency, interest and insurance rates resulting in fewer sales. That trend started declining after the pandemic which was when many were rushing to buy in Florida.

He said that Florida’s housing demand was weaker in 2024 for a variety of reasons, not just hurricanes:

  • Mortgage rates still elevated
  • Property insurance rates still elevated
  • Domestic in-migration slowed
  • International buyer demand still tepid
  • Job growth slowed
  • Condo issues (insurability & reserve requirements).

Screenshot

Looking at the number of closed sales on Sanibel and Captiva, 2024 had 29% fewer sales than 2023, or back to the same range as in 2009. Comparing the total number of sales in the first quarter of 2025 to first quarter last year, there have been 17% fewer sales this year.

Screenshot

When looking at the dollar volume of these closed Sanibel/Captiva sales, post pandemic volume totaled $1.191B in 2021, which was the highest recorded. By 2023, total sales were down to $573M, then $468M last year (which was an18% drop from the previous year).

Screenshot

Looking at sales volume for first quarter of 2025 compared to last year, dollars are down by 27%. He agreed that this will likely continue to be a tough year for sales, but he expects the market will eventually improve.

Screenshot

In speaking of Florida condos, he noted that those that have good reserves and have continually evaluated their buildings and made necessary repairs are seeing good sales. He sees the island condo market rebounding as restoration and compliance with the new requirements continues.

Following the Caravan meeting, eight East-End properties were open for easy viewing, including five condos and three homes.

Real Estate Scoop

Below, with data from the island MLS are summary tables of the residential sales statistics, followed by the details of the MLS action reported this week.

On the islands, this week, there were eight new sales, three Sanibel condos and five Sanibel homes, but there still are a whopping 537 Sanibel residential properties for sale, 99 on Captiva.

SANIBEL

RESIDENTIAL

CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale: 189 999,989 126 305 1,797,572 120 43 966,730 276
Under contract 16 909,675 151 23 1,230,652 133 0 N/A N/A
Sold to 4/25/25 34 777,675 110 49 1,492,729 83 3 1,350,000 66
Sold 2024 75 818,493 117 165 1,472,757 114 15 1,403,533 192
Sold 2023 98 955,261 65 263 1,267,390 73 24 920,645 76
Sold 2022 123 1,136,199 44 185 1,602,745 52 26 779,528 223
Sold 2021 287 875,127 113 355 1,341,881 89 69 698,862 442

 

CAPTIVA

RESIDENTIAL

CONDOS HOMES LOTS
# Avg Price DOM # Avg Price DOM # Avg Price DOM
For sale: 57 1,205,463 167 39 6,488,025 157 3 9,916,666 259
Under contract 3 1,794,666 370 0 N/A N/A 0 N/A N/A
Sold to 4/25/25 1 400,000 264 1 910,000 86 0 N/A N/A
Sold 2024 13 1,728,846 185 8 4,887,187 182 0 N/A N/A
Sold 2023 17 834,176 98 17 2,716,647 70 0 N/A N/A
Sold 2022 28 1,458,983 52 22 5,636,386 133 0 N/A N/A
Sold 2021 64 1,150,373 145 44 2,988,520 261 2 2,950,000 731

Sanibel & Captiva Islands Multiple Listing Service Activity Apr 18-25

Sanibel

CONDO

7 new listings: Spanish Cay #A5 2/2 $489K, Coquina Beach #3F 2/2 $749K, Oceans Reach #1C4 2/2 $999K, Pointe Santo #E43 2/2 $1.2M, Gulfside Place #105 2/2 $1.495M, Kinzie Island #A 4/4.5 $3.995M, Sedgemoor #102 3/3.5 $4.75M.

7 price changes: Mariner Pointe #1023 2/2 now $475K, Blind Pass #D105 2/2 now $499,999. By the Sea #B101 3/2 now $699K, Ibis at The Sanctuary #A302 2/2 now $775K, Kings Crown #308 2/2 now $799K, Heron at The Sanctuary #1-3A 3/2.5 now $1M, Tigua Cay #489 3/3.5 now $1.999M.

3 new sales: Sundial #I207 1/1 listed at $445K, Sundial #C406 1/1 listed at $599K, Sanibel Moorings #1112 2/2 listed at $860K.

2 closed sales: Sundial #C207 1/1 $515K, Sundial #O205 2/2 $1.15M.

HOMES

4 new listings: 446 Lake Murex Cir 2/2 $699K, 490 Marian Rd 2/2 $799K, 330 East Gulf Dr 3/2 $1.535M, 812 Angel Wing Dr 3/3.5 $2.595M.

15 price changes: 4452 Gulf Pines Dr 3/2 now $555K, 220 Hurricane Ln 2/2 now $650K, 1978 Roseate Ln 3/2 now $699K, 551 Sea Oats Dr 3/2 now $699,555; 1846 Farm Tr 3/2 now $725K, 5307 Ladyfinger Lake Rd 3/3 now $825K, 9067 Mockingbird Dr 3/2 now $879K, 1730 Middle Gulf Dr 3/2 now $895K, 1001 Lindgren Blvd 3/2 now $988K, 1139 Buttonwood Ln 2/2 now $1.029M, 459 Lagoon Dr 2/2.5 now $1.099M, 3025 Turtle Gait Ln 3/2 now $1.175M, 1660 Bunting Ln 4/3.5 now $1.3M, 926 Lindgren Blvd 3/2 now $1.375M, 1680 Hibiscus Dr 3/3.5 now $2.15M.

5 new sales: 690 Purdy Dr 3/2 listed at $499K, 1731 Serenity Ln 4/3 listed at $750K, 9490 Peaceful Dr 3/3 listed at $799K, 592 Sea Oats Dr 3/2 listed at $1.149M, 1062 S Yachtsman Dr 3/3 listed at $1.299M.

2 closed sales: 1563 Sand Castle Rd 4/4.5 $1.1M, 335 East Gulf Dr 3/2 $1.25M.

LOTS

No new listings.

1 price change: 224 Daniel Dr now $599K.

No new or closed sales.

CAPTIVA

CONDOS

No new listings.

1 price change: Bayside Villas #4220 1/2 now $605.9K.

No new or closed sales.

HOMES

No new listings.

4 price changes: 27 Urchin Ct 2/2.5 now $1.175M, 11523 Andy Rosse Ln 5/5.5 now $4.075M, 15891 Captiva Dr 5/4.5 now $5.9M, 16979 Captiva Dr 7/7.5 now $6.5M.

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 in or participated in these transactions.

Enjoy your weekend, Susan Andrews, aka SanibelSusan

Easter Week 2025 on Sunny Sanibel

Another week of wonderful weather has flown by and here it is Easter weekend. Many islanders still are looking to spot the return of the marsh rabbits that were so plentiful on the island pre-hurricanes. I’m still watching for them but meanwhile enjoy the other colorful indicators of spring.

 

 

Local kiddos are looking forward to an event scheduled tomorrow (Saturday, April 19) at the Sanibel balls fields, next door to the school.

Gates will open at 9:30 a.m. for Sanibel’s 50th Anniversary East Egg Hunt. There will be crafts, activities, picture-taking with the Easter Bunny, and Easter Egg drop from the sky. More details at The Rec Center.

Sanibel Stormwater Repair Project Begins

The City of Sanibel posted today that on Tuesday April 22 work will begin on the City stormwater repair project which is a component of the stormwater masterplan update. As part of the update, the stormwater system was inspected by Johnson Engineering and this project incorporates the results of those inspections and items identified by City staff.

The work consists of repairing damage to the stormwater system on Sanibel and includes, but is not limited to, sediment removal from swales and culverts, repair of catch basin inlets, and repair of pipe end treatments. This island-wide project will be carried out over several months and will be completed in areas within publicly maintained right-of-way and drainage easements. For more info, email sanpw@mysanibel.com.

Mucky Duck Update

Sometimes social media provides incorrect info, so it was nice yesterday to see a post with an update by The Mucky Duck Restaurant. It advises that they have just received their permits so restoration now may begin. In 1993, they were certified “historic” so may rebuild in basically the same footprint which is what they intend to do. The post said they are rebuilding “the way it was”. They hope to reopen by fall/next season but hope that it can be sooner. Their immediate focus is on rebuilding the foundation. The floor was ripped out months ago so now they can pour new footers and proceed. We all look forward to their successful completion and reopening!

Sanibel & Captiva Islands Association of Realtors

Wednesday at the Association Office, I attended the 2-hour Continuing Education Class sponsored by affiliate Attorney Gus Simmons of Simmon & Cook PLLC. Titled “A Real Estate Agent’s Guide to Florida’s Condo Safety Laws Post-Surfside”, the room was packed with both brokers and sales associates. Here are some take-aways:

After the collapse of Champlain Towers South in Surfside in June 2021, Florida legislature sought to limit possible future disasters by enacting requirements for stricter structural inspections for residential condo buildings and increasing the inspection frequency. The funding of repairs required following these inspections also have changed as new laws evolved.

First in May 2022, Florida Senate Bill 4-D, known as the Building Safety Act, required regular milestone inspections of buildings three stories or higher. It mandated that condo associations maintain adequate financial reserves for building maintenance and repairs. It also established a framework for reporting and addressing structural deficiencies.

It also allowed association budgets then to be adopted as normal, pushing the requirement to fully fund reserves and abide by any Structural Integrity Reserve Study (SIRS) recommendations to budgets established on or after January 1, 2025.

In June 2023, Senate Bill 154 provided more clarity, adding to the previous bill, and revising the milestone inspection requirements for condo buildings that are three or more stories. (A question was asked, “If the lower floor is garage space does that count as a floor?” The answer was “yes”.) Without getting into the nitty gritty, many island condos were required to have milestone inspections done before December 31, 2024, if they were 30 years old by that date.

In July 2024, House Bill 1021 was enacted which increased accountability for condo associations and increased DBPR’s (Department of Business & Professional Regulation) ability to address complaints.

What does all this mean to you if you are trying to sell a Florida condo? It may mean your association has higher fees or has levied a special assessment, but also means a prospective buyer has the right to view more documents as part of the Florida sales contract.
Prior to these changes, buyers were to be provided with the declaration of the condominium, articles of incorporation of the association, bylaws and rules of the association, the most latest financial statement and annual budget, and frequently asked questions and answers document.

Now, they also are to get a copy of the current inspector-prepared summary of the milestone inspection report and the association’s most recent structural integrity reserve study. Additionally, we were advised that buyers likely will request copies of meeting minutes from the last 12 months.

With many condo associations now posting this information on portals accessible only by owners, it has become important for listing agents to be provided with all of these documents when they get a condo listing. With many associations still sorting all of this out, the presenter suggested that we be proactive in getting this data so it can be shared quickly with prospective buyers. It’s a lot, but important for safety, so if you have your condo listed for sale, please be sure to provide any new info as it is provided to you. Full disclosure is important!

At the weekly Association of Realtors meeting yesterday, attendance was not as great as during the educational session, but a condo sale was announced and a West-End Caravan followed the meeting with four Sanibel homes open for easy viewing. Wink news also filmed at the meeting and then interviewed our CEO Bill Robinson.

Next Thursday as “high season” wraps up, is the April Membership Meeting with guest speaker Dr. Brad O’Connor, Florida Realtors Chief Economist. I think we’ll hear that many of the same local market problems are being experienced state-wide but stay tuned for that official update next Friday.

Real Estate Scoop

The chatter again at the meeting yesterday included: Why aren’t there more sales? Where are the buyers? Are you getting any showings? Anyone at open houses? As Bill described in his interview with Wink news, it is a buyers’ market, like in a lot of Florida – and much of the nation. We look forward to the market improving, know that it will, and agree that hurricane recovery is just taking longer than expected.

As much inventory as there is now, there are plenty of other owners waiting for the market to improve before listing. In the interim, if you want to know exactly what residential island condos, homes, and lots have sold/closed this year, the list of closings to-date from the island MLS is below.

2025 Residential Island Sales (from Sanibel & Captiva Islands MLS 4/18/2025)

Sanibel Condos:

Captains Walk #C6        $200K

Colonnades #51            $212K

Captains Walk #A2        $250K

Captains Walk #F2        $280K

Captains Walk #A4        $310K

Blind Pass #C101          $350K

Blind Pass #A106          $400K

Seashells #26               $411.5K

Sundial #F105               $475K

Sandalfoot #5B2            $575K

Cottage Colony W #139 $575K

Lighthouse Point #317   $585K

Sandalfoot #4D3           $600K

Oceans Reach #2B2     $625K

Sayana #203                 $799K

Oceans Reach #4D1     $840K

Pointe Santo #B25        $849K

Oceans Reach #1A4     $850K

Loggerhead Cay #162   $880K

Oceans Reach #4C2     $889K

Heron #1A                    $900K

Lighthouse Point #323   $905K

Oceans Reach #4C3     $910K

Loggerhead Cay #142   $962,813

Sundial #K403               $975K

Beachcomber #C201     $1M

Oceans Reach #4D2     $1.075M

Gulfside Place #209      $1.125M

Tanglewood #5A           $1.15M

Seascape #302             $1.4M

Heron #3B                    $1.45M

Sandpiper West #4        $1,967,665

Captiva Condo:

Tennis Villas #3120       $400K

Sanibel Homes:

969 Fish Crow Rd         $520K

1712 Sand Pebble Way $520K

1125 Captains Walk St  $540K

490 & 460 Old Trail Rd  $570K

209 Robinwood Cir        $585K

2105 Sunset Cir            $590K

812 Rabbit Rd               $625K

1322 Sand Castle Rd    $670K

1950 Periwinkle Way     $679.6K

3898 West Gulf Dr        $700K

2604 Coconut Dr           $725K

1866 Farm Tr                $758K

1677 Sabal Sands Rd    $775K

589 Rabbit Rd               $790K

5297 Punta Caloosa Ct $804K

4372 Gulf Pines Dr        $810K

660/664 Periwinkle Way $830K

1550 Wilton Ln              $880K

5769 San-Cap Rd         $900K

9475 Beverly Ln            $912K

1048 Fish Crow Rd        $930K

706 Nerita St                $1.149M

436 Glory Cir                $1.15M

1154 Harbor Cottage Ct $1.15M

920 Snowberry Ln         $1.19M

761 Nerita St                $1.215M

345 East Gulf Dr           $1.27M

557 Lake Murex Cir       $1.35M

229 Daniel Dr                $1.375M

862 Beach Rd               $1.44M

746 Nerita St                $1.55M

539 N Yachtsman Dr     $1.595M

815 Birdie View Pt         $1.617M

803 Lindgren Blvd         $1.655M

5250 Caloosa End Ln    $1.675M

1044 Whisperwood       $1.87M

1052 Whisperwood       $1.95M

2688 Coconut Dr           $2.348M

589 Kinzie Island Ct      $2.4M

2960 Wulfert Rd            $2.625M

5606 Baltusrol Ct          $2.9M

837 Sand Dollar Dr        $2.9M

6195 Henderson Rd      $3.3M

5045 Joewood Dr          $3.45M

6211 Starling Way         $3.475M

1083 Bird Ln                 $4.3M

4039 West Gulf Dr        $4,781,150

Captiva Home:

11527 Wightman Ln      $910K

Sanibel Lots:

466 East Gulf Dr           $775K

6015 Clam Bayou Ln     $975K

4501 Waters Edge Ln    $2.3M

Below, with data from the island MLS are summary tables of the residential sales statistics, followed by the details of the MLS action reported this week.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

187

968,631

124

308

1,785,639

115

43

968.823

269

Under contract

15

958,053

135

20

1,314,400

137

0

N/A

N/A

Sold to 4/18/25

32

774,249

114

47

1,506,250

82

3

1,350,000

66

Sold 2024

75

818,493

117

165

1,472,757

114

15

1,403,533

192

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

58

1,276,801

161

40

6,532,562

150

3

9,916,666

252

Under contract

3

1,794,666

370

0

N/A

N/A

0

N/A

N/A

Sold to 4/18/25

1

400,000

264

1

910,000

86

0

N/A

N/A

Sold 2024

13

1,728,846

185

8

4,887,187

182

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity Apr 11-18

Sanibel

CONDO

4 new listings: Sanibel Moorings #811 2/2 $650K, Gulf Beach #204 2/2 $749K, Sandpiper Beach #402 2/2 $775K, Sundial #O303 2/2 $1.15M.

13 price changes: Tennisplace #B31 2/1.5 now $474K, Sanibel Moorings #212 1/1 now $489K, Blind Pass #F104 2/2 now $499K, Cottage Colony West #110 1/1 now $525K, Blind Pass #A203 3/2 now $599K, Sanibel Moorings #232 2/2 now $689K, Oceans Reach #3X1 1/1 now $699K, Sandalfoot #4D1 2/2 now $699K, Sandalfoot #1A2 2/2 now $869K, Sandalfoot #5D2 2/2 now $869K, Sundial #A308 2/2 now $869K, Sanibel Surfside #223 2/2 now $895K, Sandalfoot #5D3 2/2 now $899K.

3 new sales: Colonnades #1 1/1 listed at $239K, Sandpiper Beach #505 2/2 listed at $750K, Beachcomber #C301 2/2 listed at $1.395M.

4 closed sales: Seashells #26 2/2 $411.5K, Oceans Reach #2B2 1/1 $625K, Sayana #203 2/2 $799K, Oceans Reach #4D1 2/2 $840K.

HOMES

6 new listings: 1932 Roseate Ln 3/2 $600K, 1457 Sand Castle Rd 2/2 $619K, 910 Fitzhugh St 4/2 $629K, 9436 Kava Ct 2/2 $699K, 1890 Middle Gulf Dr 3/3 $1.495M, 2190 Camino del Mar Dr 4/3.5 $2.595M, 5751 Baltusrol Ct 3/4 $2.648M.

20 price changes: 1314 Tahiti Dr 3/2 now $639K,1978 Roseate Ln 3/2 now $749K, 974 Greenwood Ct S (1/2 duplex) 3/2.5 now $769K, 1674 Bunting Ln 3/2 now $779K, 9298 Kincaid Ct 3/2 now $820K, 9247 Dimmick Dr 3/2 now $899K, 4619 Rue Bayou 3/2 now $945K, Moonshadows #1A 3/3 now $989K, 592 Sea Oats Dr 3/2 now $1.149M, 1062 S Yachtsman Dr 3/3 now $1.299M, 3131 Twin Lakes Ln 3/2 now $1.379,997; 544 Sea Oats Dr 4/4 now $1.45M, 780 Beach Rd 3/3.5 now $1.795M, 865 Birdie View Pt 4/4.5 now $1.949M, 4988 Joewood Dr 4/4 now $2.375M, 918 Limpet Dr 4/4.5 now $2.8M, 4090 West Gulf Dr 5/3 now $2.9M, 1004 Bayview Dr 5/4 now $4.095M, 628 Lighthouse Way 4/5.5 now $4.4945M, 3611 West Gulf Dr 4/4.5 now $6.489M.

3 new sales: 575 Hideaway Ct 3/2 listed at $699K, 588 Hideaway Ct 3/2 listed at $790K, 604 Sea Oats Dr 4/3 listed at $899K.

1 closed sale: 1083 Bird Ln 4/2.5 $4.3M.

LOTS

Nothing to report.

CAPTIVA

CONDOS

1 new listing: Sunset Beach Villas #2323 1/1 $685K.

1 price change: Beach Homes #29 4/4 now $3.099M.

No new or closed sales.

HOMES

No new listings.

2 back-on-market: 16632 Captiva Dr 5/4 $6.25M, 16500 Captiva Dr 6/6.5 $7.25M.

No price changes, new, or closed sales.

LOTS

Nothing to report.

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

Enjoy your Easter weekend, I’ll still be watching for a bunny!
Susan Andrews, aka SanibelSusan

More Springtime Optimism on Sunny Sanibel

In the blink of an eye, or so it seems, it is already another Friday. There has been a noticeable reduction in island traffic this week, likely indicating snowbirds are heading home, spring breaks are wrapping up, and weather improving up north (though that could be debatable in some areas).

On Sanibel, the weather remains great with plenty of sunshine. There were a few sprinkles on Tuesday. More sunny days in the high-70’s/low-80’s (degrees F) are expected right through the weekend and next week.

Today 4/11/25 at the end of Dixie Beach Blvd

The islands Association of Realtors has been busy with a variety of events including their first Remodel/Rebuild Panel and Affiliate Trade Show last night at The Community House. Yesterday also was the last day for drop-off donations for the F.I.S.H. Bunny Basket Drive. Last Friday at F.I.S.H., member volunteers helped assembling baskets.
 

Sanibel Keeps 25% Flood Insurance Discount

Posted this week: “The City of Sanibel completed its 2024 Community Rating System audit and maintained a Class 5 rating, which results in a 25% discount on flood insurance premiums. “The City maintaining a Class 5 rating is indicative of all the floodplain management efforts that the City has been focused on since the Hurricanes.” said Craig Molé, Building Official and Director of Building Department, “In order to get the Island back up and running to its pre-storm condition, there are many aspects that staff and the community must balance. Resiliency is key with mitigation in mind.”

“Since 1979, the City of Sanibel has participated in the National Flood Insurance Program (NFIP). This program, developed by the Federal Emergency Management Agency (FEMA), requires participating communities to have floodplain management practices adopted into the governing ordinances. Ordinances must include goals to reduce and avoid flood damage to existing and future development, promote the natural functions of a floodplain and support insurance aspects through permitting regulations. Through the Community Rating System, communities can be rewarded with reduced insurance premiums for going above and beyond minimum requirements….”

Refuge to Remove Dead Vegetation

Posted yesterday on CaptivaSanibel.com: “With the support of the “Ding” Darling Wildlife Society-Friends of the Refuge (DDWS) and its donors, the J.N. “Ding” Darling National Wildlife Refuge is preparing to remove and mulch most of what is left of the trees flooded by Hurricane Ian along Legion Curve on Sanibel-Captiva Road and at the Botanical Site on Sanibel. The work will require a special machine rental and dry conditions, so it is coordinating it to happen in the April-May time frame. “In order to do this work in a sensitive manner, it takes specialized equipment that many contractors don’t have. We have come up with a better plan that we think will satisfy our habitat management goals and eliminate unsightly dead vegetation along Sanibel-Captiva Road,” Refuge Manager Kevin Godsea said.”

Sanibel & Captiva Islands Association of Realtors

Tuesday, the local Association of Realtors held a Brokers’ Roundtable, the first in several years. Agenda items included new MLS features in the works, an update on the National Association of Realtors clear cooperation policy, and local topics covering build-back progress, member involvement, and condo law updates. The island Association supports the grassroots efforts underway to speed up Sanibel restoration and improve island economy. Leaders are worried about how long recovery is taking and island business this summer. Brokers discouragingly agreed that the real estate market has a long way to go to recover, but it will. Many said their Open Houses are yielding few, if any, viewings. We also heard that vacation rental reservations dropped off drastically on April 1.

There was a good turn-out at the Association of Realtors East End Caravan meeting yesterday. Unfortunately, no new sales were announced, but again more new listings and price reductions. Following the meeting four Sanibel condos and three homes were open for easy viewing including our listing at Mariner Pointe #713.

Next Thursday is a West-End Caravan, followed the week after by the monthly membership meeting and another East-End Caravan on April 24. Guest speaker at the membership meeting will be Florida Realtors Chief Economist Dr. Brad O’Connor (in person).

Real Estate Scoop

Below, with data from the island MLS are summary tables of the residential sales statistics, followed by the details of the MLS action reported this week.

The first 2025 Captiva condo closing was reported this week, while there have been 28 Sanibel condos closed year-to-date. Condo buyers certainly have plenty of choices with 249 island condos currently available. Some at prices not heard of in decades.

Captiva posted its first and only home sale closing some weeks ago, while Sanibel has had 46 year-to-date home sale closings. There are even more choices for those looking to purchase an island home, 349 island homes are available.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

191

976,230

120

311

1,783,101

113

43

968.823

262

Under contract

16

927,862

121

18

1,583,055

135

0

N/A

N/A

Sold to 4/11/25

28

789,302

110

46

1,445,516

81

3

1,350,000

66

Sold 2024

75

818,493

117

165

1,472,757

114

15

1,403,533

192

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

58

1,278,172

158

38

6,521,123

146

3

9,916,666

245

Under contract

3

1,794,666

370

2

7,072,500

62

0

N/A

N/A

Sold to 4/11/25

1

400,000

264

1

910,000

86

0

N/A

N/A

Sold 2024

13

1,728,846

185

8

4,887,187

182

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Sanibel & Captiva Islands Multiple Listing Service Activity Apr 4-11

Sanibel

CONDO

1 new listings: Sandalfoot #2C2 2/2 $747,555; Tigua Cay #489 3/3/5 $2,249,990.

7 price changes: Captains Walk #F7 2/1.5 now $329K, Captains Walk #F3 2/2 now $399K, Mariner Pointe #312 2/2 now $399K (SanibelSusan listing), Sanibel Moorings #212 1/1 now $515K, Lake Palms #5 2/2.5 now $549K, Blind Pass #D105 2/2 now $587K, Sanibel Moorings #232 2/2 now $715K.

Mariner Pointe #312

1 new sale: Oceans Reach #3X3 1/1 listed at $670K.

1 closed sale: Colonnades #51 1/1 $212K.

HOMES

8 new listings: 1866 Ardsley Way 3/2 $650K, 2162 Egret Cir 3/2 (1/2 duplex) $699K, 984 Black Skimmer Way 3/2 $838K, 6093 Henderson Rd 3/2 $948K, 458 Lake Murex Cir 3/2 $1.194M, 483 Sea Walk Ct 4/3 $2.094M, 4627 Rue Belle Mer 4/4.5 $4.4M, 6351 San-Cap Rd 4/4 $4,999,999.

24 price changes: 586 Boulder Dr 3/2 now $499,999; 4452 Gulf Pines Dr 3/2 now $599K, 495 East Lake Rd 3/2 now $639K, 3009 Singing Wind Dr 3/2 now $777K, 4560 Brainard Bayou Rd 3/2 now $699K, 1674 Bunting Ln 3/2 now $789K, 9490 Peaceful Dr 3/3 now $799K, 4546 Buck Key Rd 4/2 now $889K. 838/840 Rabbit Rd (multi-family) 4/2 now $894K, 9247 Dimmick Dr 3/2 now $909K, 3314 Saint Kilda Rd 3/2 now $949K, 485 Peachtree Rd 3/3 now $975K, 220 Palm Lake Dr 3/3 now $1.109M, 752 Windlass Way 3/2 now $1.15M, 252 Daniel Dr 3/2 now $1.195M, 218 Daniel Dr 3/2.5 now $1.245M, 5855 San-Cap Rd 3/2 now $1.35M, 829 Pyrula Ave 3/3 now $1.55M, 1672 Hibiscus Dr 4/4.5 now $1.599M, 1441 Sand Castle Rd 3/2 now $1.599M, 6440 Pine Ave 3/3.5.5 now $1.695M, 766 Sand Dollar Dr 4/4.5.5 now $2.999M, 4709 Rue Belle Mer 3/2 now $3.765M, 4513 Waters Edge Ln 3/2.5 now $4.9M.

1 new sale: 1311 Par View Dr 3/3 listed at $1.25M.

5 closed sales: 2105 Sunset Cir 3/2 $590K, 1550 Wilton Ln 3/2.5 $880K, 1048 Fish Crow Rd 3/2 $930K, 815 Birdie View Pt 3/3 $1.617M, 1044 Whisperwood Way 4/4.5 $1.87M.

LOTS

1 new listing: 4633 Rue Belle Mer $3.4M.

No price changes, new or closed sales.

CAPTIVA

CONDOS

1 new listing: Sunset Captiva #104 2/2 $1.399M.

2 price changes: Bayside Villas #5302 3/3 now $1.35M, Sunset Captiva #103 2//2 now $1.599M.

No new sales.

1 closed sale: Tennis Villas #3120 1/1 $400K.

HOMES

2 new listings: 16205 Captiva Dr 4/5 $5.5M, 16814 Captiva Dr 6/5.5.5 $17.5M.

3 price changes: 11523 Andy Rosse Ln 5/5.5 now $4.375M, 16979 Captiva Dr 7/7.5 now $5,694,700, 1072 South Seas Plantation Rd 3/3.5 now $6.2M.

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 in or participated in these transactions.

A favorite osprey nest at the park at the end of Dixie Beach Blvd. Sorry I wasn’t quick enough to get both birds in the nest, but there are at least two still there.

Enjoy your weekend!

Susan Andrews, aka SanibelSusan

Another Sunny Sanibel Friday Afternoon

Another week has flown by with so many events happening on the islands, it is hard to decide which one to attend next. Between annual community meetings, offerings at The Community House, BIG ARTS, the Conservation Foundation, the Rec Center, “Ding” Darling, volunteering opportunities, and more, there is a lot going on right through Easter and spring.

Temperature-wise, it has been high 70’s/low 80’s (degrees F) all week, with plenty of sunshine. Looking ahead, the forecasters say there is an 80% chance of rain on Tuesday. We need it and it seems as though every shower washes away more hurricane salt.

The nibbling white birds (all varieties) gathering in roadside swales have increased recently. Maybe more things birds like are in those waterways now that there is less salt. I often see bird groups in the conservation buffers along Bay Dr. Lately, they also were spotted on the north side of West Gulf Dr at the Tarpon Bay Rd intersection and in The Bailey Tract. Fun to see them!

Community Happenings

Donax Village – If you have driven by this condo community lately, you have probably noticed that the nine duplexes and two cottages there are looking well restored. Though elevated ~3 feet above ground, they were extensively damaged during Hurricane Ian when nearly 9’ of water flooded them. It was a 2-year rebuild project to bring them back – and then came Hurricanes Helene and Milton which were just close calls, but eye-opening to owners (like for many). So to prevent future devastation, the Association has decided to elevate the entire community 15’. There will be more to watch there as that project progresses.

White Pelican Villas – last week, Tony Lapi and his team from Sanibel-Captiva Beach Resorts held the ground-breaking for the new White Pelican Villas which are being built by Stevens Construction on the former West Gulf Dr site of Beachview Cottages. This community will feature 22 sustainably-built units all with gulf views.

Sanibel & Captiva Islands Association of Realtors

During the local Association of Realtors Caravan meeting yesterday, only one new sale was announced, along with plenty of new listings and price reductions. After the meeting a West End Caravan followed with four Sanibel homes, two Captiva homes, and a Sanibel condo open for easy viewing.

As I was heading out, I snapped a few pix and got a chuckle out of hearing Affiliate attorney Gus Simmons say, “Buy real estate now, it is one of the few things that doesn’t have a tariff.”

Affiliate members, like Gus, are so important to our organization. His office (Simmons & Cook) is sponsoring an upcoming Realtor continuing education class at the Association Office on April 16. Titled “A Real Estate Agent’s Guide to Florida’s Condominium Law Post-Surfside”, it covers the recent law changes that came about after the condo building collapse on the East Coast. With the Florida Condo Rider now requiring identification of those properties that are required to have a milestone inspection performed, a turnover inspection report prepared, and a structural integrity reserve study done, it is important for condo owners, their prospective buyers, and Realtors to know which communities must do these. (Yes, I’m registered.)

Another announcement by our Association CEO was that the island MLS soon will be offering a feature called “Listing Trac”. Listing Trac provides online activity metrics for listings including from Realtor.com, Zillow, our MLS, and broker sites, all in one location in a report that we can send to Sellers. Our MLS hopes to roll it out within the next 60 days.

Real Estate Scoop

Below, with data from the MLS are summary tables of the island residential sales statistics, followed by the details of the MLS action reported this week.

Though teammate Dave and I were out showing property this week, it was another slow one island-wide for sales. Since last Friday, MLS has posted no new sales on Captiva and on Sanibel, no lot sales, but five Sanibel homes and a condo went under contract. With a whopping 633 residential properties now for sale on Sanibel and Captiva, so few sales during a week that is traditionally “high season” is a bit discouraging. It is not entirely surprising, however, given the national news this week. Even open houses are getting few, if any, lookers.

Probably the most often-asked question from sellers is “when is the market going to get better for us?” Will that be after “season”, not until fall, or next winter? The real answer is “when there are more buyers.” We sure wish we knew when that would happen. Fingers crossed that it is soon!

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

191

974,478

117

305

1,770,413

109

42

910,938

261

Under contract

16

901,299

114

22

1,520,422

133

0

N/A

N/A

Sold to 4/4/25

27

810,684

107

41

1,478,213

75

3

1,350,000

66

Sold 2024

75

818,493

117

165

1,472,757

114

15

1,403,533

192

Sold 2023

98

955,261

65

263

1,267,390

73

24

920,645

76

Sold 2022

123

1,136,199

44

185

1,602,745

52

26

779,528

223

Sold 2021

287

875,127

113

355

1,341,881

89

69

698,862

442

CAPTIVA

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

57

1,280,456

154

35

6,254,368

151

3

9,916,666

238

Under contract

4

1,449,750

344

2

7,072,500

62

0

N/A

N/A

Sold to 4/4/25

0

N/A

N/A

1

910,000

86

0

N/A

N/A

Sold 2024

13

1,728,846

185

8

4,887,187

182

0

N/A

N/A

Sold 2023

17

834,176

98

17

2,716,647

70

0

N/A

N/A

Sold 2022

28

1,458,983

52

22

5,636,386

133

0

N/A

N/A

Sold 2021

64

1,150,373

145

44

2,988,520

261

2

2,950,000

731

Economist Lawrence Yun on Jobs Report

Posted today (April 4, 2026): here is NAR Economist Lawrence Yun’s “instant reaction” to the new “jobs report”:

“Wall Street is struggling but Main Street is managing to hold on so far. Job gains were solid in March with 228,000 net additions. More Americans also chose to look for jobs, which caused the unemployment rate to tick up to 4.2%. The wage growth of 3.8% is outpacing consumer price inflation at 2.8%. However, keep in mind that the jobs data tends to be a lagging indicator of the economy.

“Despite the second consecutive month of reduction in federal government jobs, overall government staffing increased due to local government hiring, primarily in the education sector. Expect further declines in federal jobs in the coming months. Construction jobs rose in the non-residential sector, while there was a pullback among general contractors in the residential sector.

“The future direction of the economy remains uncertain due to tariff wars and potential negotiations. In the meantime, interest rates on FHA and VA loans could soon drop below 6% in a matter of days. Rates on conventional and jumbo loans are also declining as money shifts from stocks to bonds. The current job additions and decreasing rates are likely to lead to more home sales. In states with faster job additions, particularly in the Rocky Mountain time zone and the southern states, home sales could increase significantly. Be prepared.”

Sanibel & Captiva Islands Multiple Listing Service Activity Mar 28-Apr 4

Sanibel

CONDO

9 new listings: Captains Walk #F1 2/1.5 $364,999; Sandpebble #3E 2/2 438.5K, Sundial #I101 1/1 $524.9K, Blind Pass #B110 2/2 $549K, Oceans Reach 3X1 1/1 $719K, Sandalfoot #5D2 2/2 $899K, Sandalfoot #5D3 2/2 $949K, Sundial #K103 2/2 $995K, Pointe Santo #E7 2/2 $1.195M.

9 price changes: Sanibel Arms #H2 1/1 now $340K, Sanibel Moorings #212 1/1 now $525K, Sundial C3071/1 now $525K, Blind Pass #B211 2/2 now $539K, Oceans Reach #3X3 1/1 now $670K, Sanibel Moorings #822 2/2 now $698K, Sanibel Moorings #1112 2/2 now $860K, Sandalfoot #1A2 2/2 now $899K, Sanddollar #A302 3/2 now $1.795M.

1 new sale: Somerset #D201 3/2.5 listed at $1.725M.

5 closed sales: Captains Walk #C6 1/1 $200K, Cottage Colony West #139 2/2 $575K, Lighthouse Point #323 3/2 $905K, Loggerhead Cay #142 2/2 $962,813; Sundial #K403 2/2 $975K.

HOMES

9 new listings: 5773 San-Cap Rd 2/2 $1.349M, 1590 Century Ct 3/3 $1.395M, 5425 Shearwater Dr (1/2 duplex) 3/2 $1.549M, 1234 Middle Gulf Dr 3/3 $1.595M, 848 Limpet Dr 3/2 $2.15M, 2391 Shop Rd 3/2.5 $2.195M, 6047 San-Cap Rd 3/2.5 $2.4M, 6450 Pine Ave 3/3 $2.4M, 2617 Coconut Dr 3/3.5 $3.695M.

1 back-on-market: 479 Lagoon Dr 3/3 listed at $1.998M.

18 price changes: 575 Hideaway Ct 3/2 now $699K, 551 Sea Oats Dr 3/2 now $719,555; 1684 Bunting Ln 2/2 now $775K, 1978 Roseate Ln 3/2 now $779K, 1315 Par View Dr 3/2 now $950K, 1113 Sand Castle Rd 3/2 now $999K, 1985 Wild Lime Dr 3/2 now $1.295M, 716 Rabbit Rd 3/2.5 now $1.299M, 736 Windlass Way 3/2 now $1.399M, 2449 Harbour Ln 2/2 now $1.4M, 2450 Wulfert Rd 4/3 now $1.495M, 4775 Rue Helene 4/3 now $1.548M, 2312 Wulfert Rd 4/3 now $1.55M, 1543 San Carlos Bay Dr 5/4 now $2.899M. 1258 Anhinga Ln 4/4 now $3.95M, 628 Lighthouse Way 4/5.5 now $4.85M, 4513 Waters Edge Ln 3/2.5 now $4.925M, 592 Lighthouse Way 3/2 now $5.9M.

5 new sales: 4596 Buck Key Rd 3/2 listed at $699K, 499 Leather Fern Pl 3/2 listed at $875K, 1521 Wilton Ln 3/2 listed at $975K, 1646 Middle Gulf Dr 3/3 listed at $1.099M, 2276 Wulfert Rd 4/5.5 listed at $1.3M.

3 closed sales: 969 Fish Crow Rd 3/2 $520K, 1677 Sabal Sands Rd 3/2 $775K, 436 Glory Cir 3/2 $1.15M.

LOTS

1 new listing: 2349 Wulfert Rd $398K

2 price changes: 5085 Joewood Dr now $3.1M, 1801 Olde Middle Gulf Dr now $5.999M.

No new or closed sales.

CAPTIVA

CONDOS

No new listings.

1 price change: Captiva Beach Villas #E 5/4.5 now $3.589M.

No new or closed sales.

HOMES

1 new listing: 16585 Captiva Dr 5/4.5,5 $5.75M.

4 price changes:15155 Wiles Dr 3/2 now $2.149M, 16813 Captiva Dr 3/3 now $3.25M, 15899 Captiva Dr 4/3 now $5.25M, 16979 Captiva Dr 7/7.5 now $5,694,900.

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 in or participated in these transactions.

Enjoy your weekend,
Susan Andrews, aka SanibelSusan