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

Shells, Sunshine, & More Sanibel Scoop

Another Friday has snuck up on us with more real estate activity again this week on sunny Sanibel.

I was encouraged during my daily drive-arounds to see many gulf-front complexes constructing new drainage plans and adding new landscaping. Waiting until just before the rainy season to put in those plants makes good sense. (In Southwest Florida, that season is May 15 through Oct 15.) Let Mother Nature do the watering.

More nice weather with temps reaching into the 80’s (degrees F) is expected over the weekend and through next week. Many visitors have been enjoying their spring vacations on the islands as evidenced by often-packed beach parking lots and even waits for dinner in some restaurants.

About 50% of the pre-Ian hotel rooms are available now, and I heard that 90% of those are booked currently. Yay!

Locals out doing daytime chores have learned that to save time we should do them between 10 a.m. and 2 p.m. Personally, I love being stuck in traffic when the weather is nice. Put down the windows, enjoy the fresh air, and be thankful that the islands are rebounding so well. It has taken time, but it’s getting there – and properties are coming back in such better condition!

Island Scoop

Junonia Shells – Those doing the Sanibel Stoop have been finding oodles of shells this week including many Junonia shells. I have looked for 36 years and have yet to find a whole one. The search continues.

Sandalfoot – This 5-building 60-unit condo association at 671 East Gulf Dr has reopened for vacation rentals. With both 1- and 2-bedroom apartments that are either gulf-front or gulf-view, it has been an East End favorite since the early 70’s. Now many units are like-new! They had their grand re-opening this week with their buildings, grounds, easy on-site rental office, and restored amenities look terrific.

Sanibel Distressed Properties – At the last City Council meeting a first reading was held about an Ordinance change to the Land Development Code to authorize the City to take action to abate unsecured or unkept properties that have been declared “distressed”. A Code Enforcement Hearing covering several properties is scheduled for Monday, March 31. The next City Council Meeting is Tuesday. More info including meeting agenda and links to listen to the meetings are on MySanibel.com.

Shalimar Beach Resort – It has been a year since the groundbreaking of the new buildings of this hotel at 2823 West Gulf Dr. They certainly looks different from the previous 1959-style olde-Florida cottages, but their advertising touts that all of the 33 new accommodations, including hotel studios and 1- and 2-bedroom villas will have kitchens and balconies. It still looks like construction has a long way to go, but they just announced that they are taking reservations for stays beginning in October.

Sanibel & Captiva Islands Association of Realtors

During the local Association of Realtors Caravan meeting yesterday, more info was shared, including plenty of new listings and price reductions, plus a few sales. I was happy to announce a SanibelSusan Realty condo listing going under contract and another with a terrific price reduction.

After the meeting an East End Caravan followed with eight homes and two condos open for easy viewing.

Our Association of Realtors also warned us late yesterday there have been more reports today of local Realtors getting text messages from fraudulent sellers. Thankfully, Florida Realtors provides its agents with an app called Forewarn where we enter a phone number and instantly verify caller identity, criminal history, property and vehicle ownership, financial data, and additional phone and address history. You can be sure that we use it when we get calls from numbers our phones do not recognize.

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.

As the tables below show, there now are 539 residential properties for sale on Sanibel, 94 on Captiva. That compares to 255 sold last year on Sanibel, 21 on Captiva. This year-to-date, Sanibel has had 63 closed sales, 1 on Captiva.

While we hope that the other properties that are under contract (40 on Sanibel, 6 on Captiva) will also successfully close, market recovery is slow. Too slow but still moving in the right direction.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

188

987,611

119

310

1,736,853

111

41

871,034

273

Under contract

19

812,278

100

21

1,576,850

76

0

N/A

N/A

Sold to 3/28/25

22

830,484

122

38

1,530,572

71

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

1,283,280

147

34

6,300,088

148

3

9,916,666

231

Under contract

4

1,449,750

340

2

7,072,500

62

0

N/A

N/A

Sold to 3/28/25

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

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

Sanibel

CONDOS

6 new listings: Captains Walk #E2 2/1.5 $369K, Blind Pass #D105 2/2 $615K, Lighthouse Point #132 2/2 $649K, Sandalfoot #4D1 2/2 $725K, Sundial #J104 2/2 $1.048M, Wedgewood #106 3/3.5 $3.5M.

14 price changes: Colonnades #1 1/1 now $239K, Mariner Pointe #713 2/2.5 now $399K (SanibelSusan listing), Sundial #I207 1/1 now $445K, Cottage Colony West #132 1/1 now $535K, Beach Road Villas #103 2/2 now $585K, Blind Pass #F104 2/2 now $599K, Donax Village #19 2/2 now $620K, Lighthouse Point #232 3/2 now $795K, Loggerhead Cay #184 2/2 now $939K, Sundial #R401 2/2 now $1.19M (SanibelSusan listing), Nutmeg Village #309 2/2 now $1.15M, Heron at The Sanctuary #1-3A 3/2.5 now $1.298M, La Playa #3B 3/2 now $1.75M, High Tide #B101 3/2 now $2.1M.

Sundial East

 

6 new sales: Colonnades #51 1/1 listed at $245K, Sunset South #7D 2/2 listed at $599K (SanibelSusan listing), Island Beach Club #P1F 2/2 listed at $774.8K, Sanibel Inn #3511 2/2 listed at $825K, Lighthouse Point #323 3/2 listed at $950K, Somerset #E101 3/2.5 listed at $1.749M.

3 closed sales: Sandalfoot #5B2 1/1 $575K, Lighthouse Point #317 3/2 $585K, Oceans Reach # 1A4 2/2 $850K.

HOMES

6 new listings: 970 Sand Castle Rd 3/2 $969K, 1986 Wild Lime Dr 3/2 $979K, 707 Cardium St 3/2 $1.095M, 3702 Coquina Dr 4/3 $1.295M, 1103 Schooner Pl 4/3 $1.45M, 461 Lake Murex Cir 4/2.5 $2.4M.

1 back-on-market: 421 Lake Murex Cir 3/2 $899K.

25 price changes: 662 East Rocks Dr 3/2 now $699K, 4560 Brainard Bayou Rd 3/2 now $724K, 1813 Long Point Ln 4/2.5 now $789K, 1410 Sand Castle Rd 2/2 now $799K, 3362 Barra Cir 2/2 now $799K, 486 Lake Murex Cir 3/2 now $799K, 713 Durion Ct 3/2 now $850K, 3941 Coquina Dr 3/2 now $875K, 996 Greenwood Ct N (1/2 duplex) 3/3 now $899K, 9247 Dimmick Dr 3/2 now $919K, 604 Sea Oats Dr 4/3 now $999K, 1270 Par View Dr 3/2 now $1.145M, 9439 Cotten Ct 3/4.5 now $1.15M, 1339 Par View Dr 3/2.5 now $1.195M, 3711 Agate Ct 3/2.5 now $1.195M, 640 Periwinkle Way 3/2 now $1.299M, 4353 Gulf Pines Dr 3/2.5 now $1.495M, 544 Sea Oats Dr 4/4 now $1.55M, 939 Beach Rd 4/3.5 now $1.55M, 3744 West Gulf Dr 4/4 now $1.699M, 4166 Dingman Dr 4/4 now $1.797M, 1507 Angel Dr 3/2.5 now $1.8M, 4090 West Gulf Dr 5/3 now $1.995M, 880 Limpet Dr 4/3.5 now $3.099M, 4709 Rue Belle Mer 3/2 now $3.99M.

4 new sales: 254 Daniel Dr 3/2 listed at $1.195M, 1313 Eagle Run Dr 3/3 listed at $1.695M, 6407 Pine Ave 3/2 listed at $1.899M, 479 Lagoon Dr 3/3 listed at $1.998M.

3 closed sales: 209 Robinwood Cir 3/2 $585K, 589 Rabbit Rd 2/2 $790K, 539 N Yachtsman Dr 4/3.5 $1.595M.

LOTS

No new listings, price changes, or new sales.

1 closed sale: 6015 Clam Bayou Ln $975K.

CAPTIVA

CONDOS

1 new listing: Gulf Beach Villas #2122 2/2 $1.95M.

1 price change: Lands End Village #1655 2/2 now $1.189M.

No new or closed sales.

HOMES

1 new listing: 16886 Captiva Dr 5/4.5 $7.5M.

3 price changes: 11523 Andy Rosse Ln 5/5.5 now $4.675M, 15891 Captiva Dr 5/4.5 now $6.1M, 16512 Captiva Dr 7/5.5 now $7.95M.

1 new sale: 16500 Captiva Dr 6/6.5 listed at $7.895M.

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.

Enjoy your weekend,

Susan Andrews, aka SanibelSusan

26 New Listings & 47 Price Changes on The Islands This Week

It is the first Friday in Spring, yet island weather remains the same as last week – with mostly sunshine and warm days to the delight of local kiddos that were off for Spring Break. There was noticeable increased traffic on the shared use paths and spots often were filled at beach parking areas. More nice weather is expected over the weekend and through next week. Forecast says, by Wednesday, it may again hit 80 degrees F.

More condos and accommodations are reopening, which hopefully means additional visitors will be back enjoying the islands. The good news continues as every drive around the islands produces another glimpse of more progress.

Photo by Jim Anderson, JMA Photography

Island Tidbits

Shared Use Path Speed – The expanded use of E-bikes has resulted in more education on what is allowed on Sanibel’s Shared Use Paths. With 26+miles of paths, they can be busy, particularly “in season” with bikers, joggers, hikers, dog walkers, baby strollers, and more.

Mid-week I noticed new “speed limit” signs posted on the paths. The ones next to the roadway in front of Lighthouse Café and The Lazy Flamingo say “10 mph” which initially made me think I was speeding in my car. Regarding E-bikes on the paths, only Class 1 bikes are permitted and riders must be 16 or older. Pedestrians still have the right-of-way. All users need to be careful. Sanibel has a brochure with the rules at https://www.mysanibel.com/government/recreation2/bike-or-hike-on-the-shared-use-path

Whitney’s Bait & Tackle – Over the course of the last year, you may have seen that Whitney’s Bait & Tackle at 1554 Perwinkle Way has been raised up. This week, I noticed that they have covered the lower pilings with a buffer along the streetside that incorporates “fish”. It’s just cool. Bet you notice it too.

Sanibel & Captiva Islands Association of Realtors

Yesterday, at the islands Association of Realtors monthly Membership Meeting followed by West End Caravan, guest speaker was Dr Steve Davis, Chief Science Officer of The Everglades Foundation. His informative presentation advised that the foundation now is 30+years old and that “science doesn’t get to the goal line, it takes political engagement.”

Clean water affects the economy, particularly tourism, outdoor recreation, and real estate. The foundation works to protect America’s Everglades through science, advocacy, and education. The need for Everglades restoration has been recognized for over 50 years.

One of the slides was from a 1972 National Geographic magazine showing South Florida’s water crisis then.

Solving water quality issues certainly has it challenges, but it was positive to hear about how involved the Foundation is with schools and students. Also, that water is one of the only bipartisan issues where there is agreement nationally.

The Everglades Restoration Plan which was signed in 2000 is making strides. Dr Davis advised that the C43 storage reservoir which is 10 acres next to Lehigh Acres should be complete by the end of 2025 and will hold billions of gallons of water, leading to recovery of the Caloosahatchee Estuary.

Further south, the larger EAA (Everglades Agricultural Area) reservoir is slated to be done in late 2034 and it also will have a water treatment wetland area next to it. With ten Everglades Restoration projects completed over 3 million acres, it also was interesting to hear that the Picayune Strand (which is south of Naples) is restored and already bringing back natural habitat, including eagles and panther. The Kissimmee River that goes into Lake O also has been restored. An interesting statistic is that 70-80% of the benefits in these projects are in the first 3-5 years.

Dr. Davis’ presentation was a good entre to a unique opportunity the Association of Realtors is offering to its members on April 30 when The Everglades Foundation, South Florida Water Management District, and U.S. Army Corps of Engineers will provide more info as attendees participate in a day-long trip to both the C43 and EAA reservoirs. A busload will be going.

After the guest speaker, during the Caravan agenda, just two island sales were announced, but there were plenty more new listings and price reductions. After the meeting, just a condo in The Sanctuary Golf Villages was open for easy viewing.

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.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

189

980,401

116

308

1,755,235

106

41

871,034

266

Under contract

16

774,218

82

21

1,443,945

85

1

1,150,000

12

Sold to 3/21/25

19

855,824

132

35

1,576,907

65

2

1,537,500

90

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:

56

1,271,383

142

35

6,219,545

141

3

9,916,666

224

Under contract

4

1,449,750

340

1

6,250,000

40

0

N/A

N/A

Sold to 3/21/25

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

What Sellers Don’t Wanna Hear

I have been told more than once lately that the trouble with me is that I tell people what they don’t want to hear. Educated buyers and sellers make smarter decisions and, of course, it is easier to tell people what they want to hear, but here is some info that makes today’s market even more challenging – and probably what sellers don’t wanna hear.

I confirmed this week that SanibelSusan Realty is not the only one receiving low-ball offers from prospective buyers who have never visited a property. These offers, on the “as is” contract with inspection/cancellation period, specify that the offer is not negotiable – either accept it or reject it.

A little sleuthing with other brokers indicates that these purported buyers are making offers on several properties simultaneously, then if they are lucky enough to get one or more accepted, they just cancel any contracts for unwanted property during the cancellation periods. I heard one offer was as low as 63% of asking price. I also have yet to find one that has been accepted and made it to closing.
Today’s internet-driven society has made it easier for prospects to delve into both property and personal details about owners. As the market rebounds, there may be more of these offers. The good news is that details also may be available about the buyers. You can be sure The SanibelSusan Team digs deep to find them and help sellers and buyers make smart decisions.

The island Association of Realtors announced today that they will host a Brokers Roundtable in early April. We have not had one of these since pre-pandemic so this is an opportunity for company leaders to share experiences and to discuss how the Realtor organization and each of us can help each other.

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

Sanibel

CONDOS

10 new listings: Cottage Colony West #132 1/1 $550K, Cottage Colony West #117 1/1 $575K, Sanibel Siesta #202 2/2 $719K, Sanibel Arms West #G7 2/2 $729K, Sanibel Inn #3511 2/2 $825K, Sundial #A308 2/2 $899K, Lighthouse Point #312 3/2 $919,999; Sanibel Siesta #223 2/2 $955K, La Playa #3B 3/2 $1.85M, Lantana #102 4/3.5 $2.5M.

16 price changes: Colonnades #51 1/1 now $245K, Captains Walk #D1 2/1 now $374K, Cottage Colony West #102 1/1 now $529K, Sundial #C406 1/1 now $599K, Loggerhead Cay #362 2/2 now $819K, Loggerhead Cay #583 2/2 now $845K, Loggerhead Cay #452 2/2 now $849K, Mariner Pointe #223 2/2,5 now $849.9K, Shell Island Beach Club #7B 2/2 now $925K (SanibelSusan Realty listing), Lighthouse Point #323 3/2 now $950K, Nutmeg Village #109 2/2 now $1.095M, Sundial #S301 3/2 now $1.099M, Sundial #K108 3/2 now $1.295M, St Croix #4 2/2 now $1.499M, Gulfside Place #125 2/2 now $1.695M, Seascape #102 3/3 now $2.7M.

Shell Island Beach Club

4 new sales: Sundial #C207 1/1 listed at $524,999; Lighthouse Point #211 2/2 listed at $625K, Oceans Reach #1A4 2/2 listed at $899K, Sundial #O205 2/2 listed at $1.195M.

3 closed sales: Sundial #F105 1/1 $475K, Heron at The Sanctuary #1-1A 3/2.5 $900K, Oceans Reach #4D2 2/2 $1.075M.

HOMES

10 new listings: 5892 San-Cap Rd 3/3 $699K, 1105 Skiff Pl 4/3 $1.15M, 1300 Par View Dr 4/2 $1.179M, 1339 Par View Dr 3/2.5 $1.25M, 1970 Wild Lime Dr 4/3 $1.368M, 736 Windlass Way 3/2 $1.499M, 877 Limpet Dr 3/3.5 $2.95M, 1146 Golden Olive Ct 4/4.5 $3M, 2400 Los Colony Rd 3/3 $3.195M, 1490 Angel Dr 4/3 $3.995M.

26 price changes: 220 Hurricane Ln 2/2 now $675K, 1651 Sand Castle Rd (1/2 duplex) 3/2.5 now $689K, 1436 Jamaica Dr 2/2 now $699K, 575 Hideway Ct 3/2 now $749K, 3009 Singing Wind Dr 3/2 now $817K, 9226 Kincaid Ct 3/2 now $839K, 785 Rabbit Rd 3/2 now $890K, 9247 Dimmick Dr 3/2 now $929K, 1312 Par View Dr 3/2 now $979K, 1169 Sand Castle Rd 3/2 now $985K, 1610 Sabal Sands Rd 3/2 now $998K, 1113 Sand Castle Rd 3/2 now $1.049M, 2596 Roosevelt Pl 3/2 now $1.049M, 4221 Old Banyan Way 3/2 now $1.095M, 720 Elinor Way 3/2 now $1.149M, 3711 Agate Ct 3/2.5 now $1.275M, 5300 Umbrella Pool Dr 3/3 now $1.193M, 3025 Turtle Gait Ln 3/2 now $1.23M, 672 Durion Ct 3/2 now $1.295M, 2999 Twin Ponds Dr 4/3.5 now $1,329,400; 640 Periwinkle Way 3/2 now $1.375M, 1990 My Tern Ct 3/2 now $1.395M, 829 Pyrula Ave 3/3 now $1.6M, 6101 Starling Way 4/3.5 now $1.749M, 6440 Pine Ave 3/3.5.5 now $1.75M, 1004 Bayview Dr 5/4 now $4.345M.

2 new sales: 1563 Sand Castle Rd 4/4.5 listed at $1.1M, 335 East Gulf Dr 3/2 listed at $1.379M.

2 closed sales: 5606 Baltusrol Ct 5/6 $2.9M, 6195 Henderson Rd 3/3.5 $3.3M.

LOTS

1 new listing: 470 Sawgrass Pl $875K.

1 price change: 5398 Osprey Ct now $349K.

1 new sale: 6015 Clam Bayou Ln listed at $1.15M.

No closed sales:

CAPTIVA

CONDOS

4 new listings: Tennis Villas #3222 1/1 $414.5K, Beach Villas #2611 2/2 $939K, Beach Cottages #1411 3/3 $2.599M, Beach Homes #19 3/3 $5.65M.

1 price change: Bayside Villas #4220 1/2 now $649K.

2 new sales: Tennis Villas #3120 1/1 listed at $415K, Lands End Village #1645 2/1 listed at $1.79M.

No closed sales.

HOMES

1 new listing: 16543 Captiva Dr 3/3 $4.8M.

3 price changes: 15160 Captiva Dr 6/6.5 now $4.9M, 15153 Captiva Dr 3/3 now $5.65M, 16979 Captiva Dr 7/7.5 now $5.695M.

No new or closed sales.

LOTS

Nothing to report.

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

Enjoy your weekend & if you are “out & about” on the island tomorrow, Sat 3/22, stop in & see teammate David at his Open House at 5309 Umbrella Pool Rd in Sanibel Bayous. He’ll be there from 10 a.m. til 1 p.m.
Susan Andrews, aka SanibelSusan

Another Friday Real Estate Update from Sunny Sanibel

These winter weeks seem to be flying by with more island activity noticeable every day. Spring is right around the corner with sunny daytime temperatures from mid-70’s into the 80’s (degrees F) expected right through next week.

Island Scoop

Dantes Restaurant – at The Sanibel Inn reopened this week.

Mucky Duck – site of some of the best Captiva sunsets and many a great meal has evidence of reconstruction. It still has a long way to go, but it is nice to see progress there.

Periwinkle Place – also positive this week was to see so many cars at the shopping center. It has been the most action since the hurricanes with many businesses reopen, including Chico’s, Everything But Water, One Island Sanibel, Beach Daisy, Coast Clothing, Congress Jewelers, Her Sports Closet, Sea Glass Lane, Sanibel Day Spa, Sanibel Flip Flops, Tiki Jim’s, and Yara’s Shoe Boutique, plus Blue Giraffe Island Bar & Grill and Pinocchio’s Original Ice Cream.

Spanish Cay – condo buildings have been undergoing a facelift and it looks like their new exterior painting is about done. With brick-colored roofs, the buildings are now white with dark trim on the balcony/lanai railings. Looks fresh!
 

Sanibel & Captiva Islands Association of Realtors

Yesterday, at the islands Association of Realtors weekly Caravan Meeting, attendance was light as those coming from off-island said a broken-down truck plus contractor work in another location limited travel both on- and off-island, preventing many from arriving at all.

Following the meeting, seven East End homes and three condos were open for easy viewing.

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.

On Sanibel three new condo sales were posted, and finally yesterday afternoon two Sanibel homes went under contract with another sale posted today. They include an elevated 2-bedroom pool home on Rabbit Rd, a near-beach lake-front ground-level pool home, plus a recently-built home (2023) in Gulf Shores. No new Captiva sales have been posted.

On the commercial side, 2411 Periwinkle Way, the site of the original Cheeburger Cheeburger is on the market for $598K. Also, the price of our commercial condo listing at Lime Tree Center #2 was reduced to $399K.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

182

971,579

116

304

1,741,596

103

41

879,107

260

Under contract

15

779,100

88

21

1,644,469

75

0

N/A

N/A

Sold to 3/14/25

16

863,166

145

33

1,484,598

68

2

1,537,500

90

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:

54

1,181,665

145

34

6,299,385

138

3

9,916,666

217

Under contract

2

1,797,000

537

1

6,250,000

40

0

N/A

N/A

Sold to 3/14/25

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

More on Island Inventory

Usually, the larger complexes and communities have the most inventory, but it is surprising that this far into “high season”, that the following areas have ten or more properties for sale. A great time for island buyers, particularly in these locations where there are many offerings.

Sanibel Condos: Blind Pass 10, Lighthouse Point 10, Mariner Pointe 11, Sanibel Moorings 13, Sundial East 10.
Captiva Condos: Bayside Villas 20.
Sanibel Community: Beachview Country Club Estates 17, The Dunes 27, Gumbo Limbo 14, Rocks East 11, The Sanctuary 10, Sanibel Bayous 12, Sanibel Estates 13, Shell Harbor 29.

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

Sanibel

CONDOS

14 new listings: Captains Walk #D1 2/1 $395K, Casa Blanca #9 2/2 $475K, Sundial #C207 1/1 $524,999;  Cottage Colony West #110 1/1 $569.9K, Cottage Colony West #112 1/1 $595K, Signal Inn #1 2/1 $685K, Mariner Pointe #932 2/2 $699K, By-The-Sea #B101 3/2 $799K, Loggerhead Cay #441 2/2 $879K, Kings Crown #212 2/2 $995K, Sanctuary Golf Villages #6-3 3/3 $1.2245M, Sanibel Siesta #608 2/2 $1.395M, Sundial #T204 3/2 $1.595M, Sundial #L405 2/2 $1.7M.

1 back-on-market: Sanibel Siesta #105 2/2 $ 2/2 $599K.

9 price changes: Beach Road Villas #103 2/2 now $599K, Blind Pass #A203 3/2 now $650K, Blind Pass #F206 2/2.5 now $709K, Oceans Reach #1A4 2/2 now $899K, Sandalfoot #1A2 2/2 now $950K, Nutmeg Village #102 2/2 now $1.095M, Sundial #O205 2/2 now $1.195M, Sundial #L402 3/2 now $1.295M, Sundial #L404 2/2 now $1.6M.

3 new sales: Captains Walk #C6 1/1 listed at $225K, Oceans Reach #2B2 1/1 listed at $699K, Sanibel Surfside #135 2/2 listed at $999K.

2 closed sales: Loggerhead Cay #162 2/2 $880K, Oceans Reach #4C2 2/2 $889K.
HOMES

6 new listings: 9455 Beverly Ln 2/2 $619.9K, 1314 Tahiti Dr 3/2 $685K, 852 Rabbit Rd 3/3 $825K, 272 Ferry Landing Dr 3/3 $1.15M, 459 Lagoon Dr 2/2.5 $1.199M, 1222 Ferry Rd 4/4 $1.798M.

1 back-on-market: 3744 West Gulf Dr 4/4 $1.749M.

25 price changes: 690 Purdy Dr 3/2 now $499K, 1440 Sandpiper Cir (1/2 duplex) 3/2.5 now $699K, 495 East Lake Dr 3/2 now $699K, 1674 Bunting Ln 3/2 now $799K, 589 Rabbit Rd 2/2 now $799K, 3362 Barra Cir 2/2 now $849K, 499 Leather Fern Pl 3/2 now $875K, 9490 Peaceful Dr 3/3 now $899,999; 713 Durion Ct 3/2 now $900K, 1730 Middle Gulf Dr 3/2 now $939K, 9247 Dimmick Dr 3/2 now $939K, 3314 St Kilda Rd 3/2 now $999K, 1646 Middle Gulf Dr 3/3 now $1.099M, 1001 Lindgren Blvd 3/2 now $1.18M, 252 Daniel Dr 3/2 now $1.249M, 755 Pen Shell Dr 3/2 now $1.275M, 1002 Kings Crown Dr 3/2 now $1.295M, 734 Pyrula Ave 3/2.5 now $1.499M, 203 Daniel Dr 3/3 now $1.585M, 2450 Wulfert Rd 4/3 now $1.595M, 544 Sea Oats Dr 4/4 now $1.649M, 821 Lindgren Blvd 3/3 now $1.695M, 1672 Hibiscus Dr 4/4.5 now $1.85M, 706 Gopher Walk Way 3/4 now $1,895,706; 1133 Golden Olive Ct 4/3.5 now $3.87M, 5105 Joewood Dr 5/5 now $4.249M.

3 new sales: 589 Rabbit Rd 2/2 $799K, 421 Lake Murex Cir 3/2 listed at $899K, 1048 Fish Crow Rd 3/2 listed at $1,057,300.

3 closed sales: 1712 Sand Pebble Way (multi-family) 4/2 $590K, 4372 Gulf Pines Dr 3/2 $810K, 2960 Wulfert Rd 5/5.5 $2.625M.

LOTS

1 new listing 327 Palm Lake Dr $650K.

4 price changes: 2348 Wulfert Rd now $349K, 1377 Jamaica Dr now $399K, 224 Daniel Dr now $689K, 842 Limpet Dr now $1.9M.

No new sales.

2 closed sales: 466 East Gulf Dr $775K, 4501 Waters Edge Ln $2.3M.

CAPTIVA

CONDOS

No new listings.

3 price changes: Bayside Villas #40 3/3 now $1.049M, Bayside Villas #4318 3/3 now $1.049M, Captiva Shores #6C 2/2 now $1.495M.

No new or closed sales.

HOMES

2 new listings: 16891 Captiva Dr 3/3 $4M, 16548 Captiva Dr 4/4 $6.5M.

3 price changes: 14865 Mango Ct 2/2 now $1.495M, 16309 Captiva Dr 6/4.5 now $4.95M, 15153 Captiva Dr 3/3 now $5.65M.

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.

Enjoy your weekend & upcoming St Patrick’s Day,
Susan Andrews, aka SanibelSusan

March Brings Lotsa Real Estate Action to Sanibel Island

It is already Friday with another report of more wonderful winter weather on Sanibel and Captiva. A tad cooler and breezier here after a quick shower passed through Wed night, but otherwise sunshine and perfect temperatures for enjoying the great outdoors.

We look forward to the time change this weekend, bringing more daylight hours before the spectacular sunsets arrive.

A Little Island Scoop

Blue Giraffe Island Bar & Grill – in Periwinkle Place announced today that they have just reopened with a limited menu, as new staff is trained.
Causeway Paving – If you are traveling on- or off-island during the nighttime hours during the week (from 7 p.m. to 6 a.m.), Florida DOT is doing the final paving on the causeway. There may be flaggers and traffic reduced to one-lane. That began on Mar 3 and is expected to take about two weeks.  More work on the islands themselves continues.

MHK Architecture and Island Style Gallery & Design – These two side-by-side businesses share the building at 2365 Periwinkle Way and had their ribbon-cuttings this week. (Old timers will remember this building as the original McIntosh Books.)

Sundial Beach Resort & Spa – All of the resort dining options are now available and open to the public: In the morning, The Marketplace has coffee and pastries or the Waterview is open for breakfast, including made-to-order omelets. For lunch, Turtle’s has apps, sandwiches, and salads. For mid-afternoon snacks, there are scoops and slices at Beach Bites. In the evening, Captain’s Catch is newly opened, plus sushi and hibachi dining are still available at Shima which also has a new sushi bar.

Sanibel & Captiva Islands Association of Realtors

Yesterday, at the islands Association of Realtors weekly Caravan Meeting, guest speaker, Nicole McHale with CHR (Community Housing & Resources) provided an update on the City’s affordable housing program, their ongoing building project, and the need for more workforce housing. Attendees were provided with copies of CHR’s annual report which Realtors were encouraged to share with clients and customers.

During the Realtor agenda, not a single on-island sale was announced (just one off-island condo sale), but plenty of new listings and price reductions were promoted. Following the meeting nine new West End listings were open for easy viewing: six Sanibel homes, two Captiva homes, and a South Seas condo at Lands End Village.

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.

On the commercial side, the vacant lot at 1625 Periwinkle Way that was to be the site of a new Sweet Melissa’s Cafe and the former site (back in the 90’s) of The Quarterdeck is for sale for $3.125M.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

174

976,310

122

302

1,756,292

98

40

905,635

259

Under contract

14

832,250

64

21

1,723,302

83

2

1,647,000

90

Sold to 3/7/25

14

860,118

159

30

1,501,225

63

0

N/A

N/A

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

1,153,864

135

33

6,315,972

136

3

9,916,666

210

Under contract

3

2,248,000

513

1

6,250,000

40

0

N/A

N/A

Sold to 3/7/25

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

At SanibelSusan Realty

Though the chatter at weekly Caravan was again that few listings are getting showings, The SanibelSusan Team is encouraged because we have had a variety and multiple showings at several listings – more than we have had in a single week in months.

Coupled with the new sales posted on the island MLS since last Friday, these trends may indicate that March has more serious buyers than February.

On LinkedIn, I recently read local Broker Michael Polly’s opinion of today’s real estate market. He said: “We are witnessing a unique window of opportunity, a period of increased inventory coupled with a somewhat tempered demand, especially as recovery continues from recent storms. While some may perceive this as a sign of market weakness, savvy buyers recognize it as a strategic advantage.”

Some of the reasoning behind it is that today there is a wider selection for buyers and usually there is increased negotiating power when inventory exceeds demand. There also is the potential now for long-term appreciation because as rebuilding and restoration continues, demand will increase.

Having lived on Sanibel for 33 years and a Realtor for 36, I have never seen as unique a time for buyers as this. The SanibelSusan Team is ready for them!

The March 2025 issue of the island “Real Estate Guide” came out today. Our ad is on page 79. March 2025 Real Estate Guide

Sanibel & Captiva Islands Multiple Listing Service Activity Feb 28-Mar 7

Sanibel

CONDOS

5 new listings: Spanish Cay #A3 1/1 $397,500; Sandpebble #4A 2/2 $550K, Loggerhead Cay #231 2/2 $875K, Shell Island Beach Club #5B 2/2 $1.25M, Sunset South #5A 2/2 $1.289M.

1 back-on-market: Shell Island Beach Club #5D 2/2 $999.9K.

8 price changes: Sandpebble #2E 2/2 now $539K, Sanibel Siesta #105 2/2 now $599K, Donax Village #6 2/2 now $620K, Blind Pass #G206 2/2 now $668K, Sanibel Moorings #1641 2/2 now $849K, Beachcomber # D201 3/2 now $995K, Lighthouse Pointe #124 3/2 now $999K, Sanctuary Golf Village #1-PH5 2/2.5 now $1.075M.

2 new sales: Seashells #26 2/2 listed at $415K, Oceans Reach #4D2 2/2 listed at $1.095M.

4 closed sales: Blind Pass #A106 2/2 $400K, Oceans Reach #4C3 2/2 $910K, Beachcomber #C201 2/2 $1M, Heron at The Sanctuary #1-3B 3/2.5 $1.45M.

HOMES

15 new listings: 1446 Sandpiper Cir (1/2 duplex) 2/2 $599K, 730 Cardium St 2/2 $750K, 3009 Singing Wind Dr 3/2 $842K, 4631 Bowen Bayou Rd 3/2 $849K, 9298 Kincaid Ct 3/2 $850K, 1012/1014 East Gulf Dr (multi-family) 4/2 $899K, 1139 Buttonwood Ln 2/2 $1.089M, 717 Gopher Walk Way 3/3.5 $1.395M, 1006 Lindgren Blvd 3/2 $1.395M, 1313 Eagle Run Dr 3/3 $1.695M, 1233 Middle Gulf Dr 4/3 $2.095M, 4960 Joewood Dr 4/3 $2.294M, 1163 Seagrape Ln 4/4.5 $2.697M, 4972 Joewood Dr 4/4.5 $2.995M, 1258 Anhinga Ln 4/4 $4.45M.

1 back-on-market: 3744 West Gulf Dr 4/4 $1.749M.

36 price changes: 2115 Sunset Cir 3/2 now $599K, 4596 Buck Key Rd 3/2 now $699K, 551 Sea Oats Dr 3/2 now $739,555; 9003 Mockingbird Dr 5/4 now $750K, 662 East Rocks Dr 3/2 now $750K, 653 Oliva St 3/2 now $790K, 235 Palm Lake Dr 3/2 now $799K, 1978 Roseate Ln 3/2 now $799K, 1925 Roseate Ln 2/2 now $890K, 560 Boulder Dr 3/2 now $895K, 421 Lake Murex Cir 3/2 now $899K, 3941 Coquina Dr 3/2 now $900K, 1073 Sand Castle Rd 3/2 now $912K, 1521 Wilton Ln 3/2 now $975K, 1421 Sand Castle Rd 3/2 now $985K, 485 Peachtree Rd 3/3 now $1.025M,  4619 Rue Bayou 3/2 now $1.094M, 604 Sea Oats Dr 4/3 now $1.129M, 720 Elinor Way 3/2 now $1.199M, 1311 Par View Dr 3/3 now $1.25M, 3711 Agate Ct 3/2.5 now $1.345M, 335 East Gulf Dr 3/2 now $1.379M, 640 Periwinkle Way 3/2 now $1.399M, 5855 San-Cap Rd 3/2 now $1.4M, 1286 Par View Dr 3.3 now $1.4M, 1172 Kittiwake Ct 5/3 now $1.599,555; 1441 Sand Castle Rd 3/2 now $1.645M, 6076 Castaways Ln 3/2 now $1.69M, 6440 Pine Ave 3/3.5.5 now $1.799M, 1672 Hibiscus Dr 4/4.5 now $1.85M, 865 Birdie View Pt 4/4.5 now $1.999M,  1321 Eagle Run Dr 4/4.5 now $2.098M, 1731 Venus Dr 3/3 now $2.295M, 918 Limpet Dr 4/4.5 now $3M, 1730 Jewel Box Dr 4/3 now $3.099M, 4513 Waters Edge Ln 3/2.5 now $4.95M.

3 new sales: 2105 Sunset Cir 3/2 listed at $649K, 595 Birdsong Pl 3/2 listed at $1.287M, 1817 Long Point Ln 3/2 listed at $1.579M.

10 closed sales: 1125 Captains Walk St 3/3 $540K, 1322 Sand Castle Rd 3/2 670K, 5769 San-Cap Rd 2/2 $900K, 9475 Beverly Ln 3/2 $912K, 1154 Harbor Cottage Ct (1/2 duplex) 3/2 $1.15M, 920 Snowberry Ln 3/3.5 $1.19M, 862 Beach Rd 3/2 $1.44M, 5250 Caloosa End Ln 3/2.5 $1.675M, 589 Kinzie Island Ct 4/3.5 $2.4M, 4039 West Gulf Dr 3/4 $4,781,150.

LOTS

2 new listings: 404 East Gulf Dr $499K, 6015 Clam Bayou Ln $1.15M.

2 price changes: 565 Birdsong Pl now $239K, 5398 Osprey Ct now $405K.

1 new sale: 4501 Waters Edge Ln listed at $2.499M.

No closed sales.

CAPTIVA

CONDOS

2 new listings: Marina Villas #603 2/2 $695K, Beach Villas #3050 3/3 $1.95M.

5 price changes: Tennis Villas #3132 2.2 now $682.5K, Gulf Beach Villas #2011 1/1 now $689K, Bayside
Villas #B311 3/3 now $1.1M, Lands End Village #1666 3/3 now $2.198M, Lands End Village #1656 3/3 now $2.25M.

1 new sale: Captiva Beach Villas #E 5/4.5 listed at $3.75M.

No closed sales.

HOMES

2 new listings: 16891 Captiva Dr 2/3 $4M, 16530 Captiva Dr 5/5.5 $12.5M.

No price changes, new or closed sales.

LOTS

Nothing to report.

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

Enjoy your weekend,
Susan Andrews, aka SanibelSusan

Best Winter Weather & Great Opportunities for Buyers

If there is one thing that remains terrific on Sanibel and Captiva Islands, it is the winter weather. Though occasional showers (like on Monday this week) are appreciated, it is the dry sunny 70+degree F days that make most beachgoers, bikers, and water enthusiasts happy.

Certainly, traffic is weather related, as many joked Monday that the forecast made it a breeze traveling both up and down Periwinkle, and on-/off-island. Once the sun came up Tuesday though, it was back to “season” fun with more patience required when traveling.

Both Finnemore’s Beach & Bike Rentals and Billy’s Rentals look to have more business as the shared-use paths often are busy. Being extra vigilant around those bikers is a must, as I recently heard a pal say, “You’ve gotta be careful as some of those riders haven’t been on a bike in 30 years and they are in unfamiliar surroundings.” That reminded me of other good things about the islands. It’s laid-back, where neighbors and visitors are kind and thankful.
 

Upcoming Events

Taste Of The Islands – is tomorrow Sat Mar 1 from 11 a.m. to 4 p.m. on the grounds of Sanibel City Hall. Parking is limited and attendees are encouraged to get tickets in advance ($10/each) at https://www.eventbrite.com/e/taste-of-the-islands-tickets-1027327884357

88th Annual Sanibel Shell Festival – is at The Community House from Thurs Mar 6 through Sat Mar 8 from 9 a.m. to 3 p.m.

Sanibel & Captiva Islands Association of Realtors

Yesterday, at the islands Association of Realtors weekly East-End Caravan Meeting, there were many empty seats and just a handful of announcements. Following the meeting, eight Sanibel homes and a condo were open for easy viewing. Traffic was brutal, however, with Periwinkle at a crawl at noon, for the 2nd day in a row. Hopefully some of those vehicles are carrying “buyers”.

A West-End Caravan is scheduled next Thurs.
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 it is nice to see seven new island sales posted this week (three Sanibel condos, two Sanibel homes, and two Captiva condos), with 582 residential properties actively for sale (497 on Sanibel and 85 on Captiva), inventory is huge and continues to grow by the day.

There have been 47 price reductions posted since last Friday, some excellent values – many bests in years!

Even more surprising is that there was only one closed island sale posted since last Friday – a Sanibel condo for $310K. Usually the last day in February, particularly when it’s on a Friday, equates to many closings. So far, 2025 is not shaping up well, but the wonderful winter weather prevails!
May March1st bring more buyers!

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

170

981,750

117

289

1,768,046

96

38

911,507

266

Under contract

16

884,093

77

28

1,756,412

75

2

1,647,000

82

Sold to 2/28/25

10

828,166

174

20

1,468,930

63

0

N/A

N/A

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

1,219,322

139

31

6,191,166

137

3

9,916,666

203

Under contract

2

1,797,000

537

1

6,250,000

40

0

N/A

N/A

Sold to 2/28/25

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

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

Sanibel

CONDOS

10 new listings: Signal Inn #10 1/1 $549K, Sanibel Moorings #212 1/1 $550K, Sanibel Shores #C1 1/1 $560K, Sanibel Shores #B2 1/1 $570K, Sanibel Shores #A2 2/2 $590K, Sanibel Moorings #232 2/2 $779K, Loggerhead Cay #303 2/2 $899K, Sandalfoot #1A2 2/2 $999K, Sundial #O201 3/2 $1.19M. Sanctuary Golf Village #2-PH6 3/3 $1.55M.

1 back-on-market: Loggerhead Cay #264 2/2 $899K.

9 price changes: Seashells #26 2/2 now $415K, Mariner Pointe #312 2/2 now $429K (SanibelSusan listing), Mariner Pointe #811 2/2 now $595K, Sanibel Moorings #1441 1/1 now $599K, Oceans Reach #2B2 1/1 now $699K, Oceans Reach #3X3 1/1 now $725K, Sand Pointe #238 2/2 now $765K, Loggerhead Cay #362 2/2 now $853K, Tamarind #B201 2/2 now $1.659M.

 

3 new sales: Sandalfoot #5B2 1/1 listed at $599K, Oceans Reach #4D1 2/2 listed at $850K, Sayana #203 2/2 listed at $895K.

1 closed sale: Captains Walk #A4 2/2 $310K.

HOMES

10 new listings: 1440 Sandpiper Cir 3/2.5 $725K, 4534 Bowen Bayou Rd 3/2 $989K, 554 East Rocks Dr 3/2 $989K, 2596 Roosevelt Pl 3/2 $1.1M, 1817 Long Point Ln 3/2 $1.579M, 821 Lindgren Blvd 3.3 $1.795M, 1828 Buckthorn Ln 4/4.5 $1.925M, 1672 Hibiscus Dr 4/4.5 $1.95M, 9113 Mockingbird Dr 3/3.5 $1.995M, 1680 Hibiscus Dr 3/3.5 $2.3M.

33 price changes: 586 Boulder Dr 3/2 now $539K, 220 Hurricane Ln 2/2 now $699K, 1657 Atlanta Plaza Dr 3/2 now $699K, 495 East Lake Rd 3/2 now $749K, 455 Peachtree Rd 2/2 now $775K, 1846 Farm Tr 3/2 now $790K, 5089 San-Cap Rd 3/2 now $798K, 1813 Long Point Ln 4/2.5 now $799K, 662 East Rocks Dr 3/2 now $799K, 589 Rabbit Rd 2/2 now $824K, 235 Palm Lake Dr 3/2 now $839K, 1615 Serenity Ln 3/2 now $845K, 887 Casa Ybel Rd (multi-family) 5/3 now $849K, 486 Lake Murex Cir 3/2 now $874K, 4546 Buck Key Rd 4/2 now $895K, 5869 Pine Tree Dr 3/2 now $899K, 9490 Peaceful Dr 3/3 now $949K, 1410 Albatross Rd 3/3 now $999,999; 1048 Fish Crow Rd 3/3 now $1,057,300; 1563 Sand Castle Rd 4/4.5 now $1.1M, 4639 Brainard Bayou Rd 3/2.5 now $1.155M, 673 East Rocks Dr 3/2 now $1.195M, 1270 Par View Dr 3/2 now $1.195M, 3711 Agate Ct 3/2.5 now $1.37M, 5753 Pine Tree Dr 3/4 now $1.495M, 4775 Rue Helene 4/3 now $1.555M, 526 N Yachtsman Dr 3/2 now $1.695M, 788 Birdie View Pt 3/3 now $1.749M, 4166 Dingman Dr 4/4 now $1.98M, 5435 Osprey Ct 4/3.5 now $2.149M, 4090 West Gulf Dr 5/3 now $2.4M, 1266 Par View Dr 4/4 now $2.495M, 5071 Joewood Dr 4/5.5.5 now $5.45M.

2 new sales: 209 Robinwood Cir 3/2 listed at $599K, 4352 West Gulf Dr 5/3.5 listed at $3.33M.

No closed sales.

LOTS

1 new listing: Gulf Pines Dr Lot 16 $674.5K.

1 price change: 3730 Coquina Dr now $480K.

No new or closed sales.

CAPTIVA

CONDOS

7 new listings: Tennis Villas #3233 2/2 $699K, Beach Villas #2217 1/1 $710K, Bayside Villas #320 3/3 $1.149M, Bayside Villas #4318 3/3 $1.149M, Beach Cottages #1423 2/2 $1.625M, Lands End Village #1645 2/2 $1.79M, Beach Homes #33 4/3 $4.35M.

3 price changes: Bayside Villas #4116 1/1 now $550K, Beach Homes #29 4/4 now $3.249M, Captiva Beach Villas #E 5/4.5 now $3.75M.

2 new sales: Gulf Beach Villas #2126 2/2 listed at $1.195M, Lands End Village #1650 3/3 listed at $2,399M.

No closed sales.

HOMES

No new listings.

1 price change: 16512 Captiva Dr 7/5.5 now $8.5M.

No now or closed sales.

LOTS

Nothing to report.

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

Enjoy your weekend,
Susan Andrews, aka SanibelSusan

A Few Hours Without Internet = More Time to Enjoy Sunshine

Sorry for the delay, just as I had this ready to go out at 2 p.m., Xfinity went out on the island. Got it back at 5 p.m.

We are wrapping another week of wonderful weather on sunny Sanibel. Temperatures dropped a tad yesterday after a little shower at sunset Wed night. It doesn’t get any better than the low to mid-70-degrees F in February. Appreciated by not just locals, but also the many island workers and visitors, more of the same is expected for the next week – and “yes”, we sometimes feel guilty when we hear from friends and family up north amid snow and freezing temps.

New private fishing pier at Mariner Pointe. Photo by JMA Photography.

There are plenty of vacancies for those wanting to also enjoy this weather, with more and more opening all the time.

Events & News

13th Annual “Ding” Darling & Doc Ford’s Tarpon Tournament – is coming up on May 9.

SCCF Christmas Bird Count – posted this week by the Conservation Foundation: “Christmas Bird Count results are in. 12,401 birds from 100 different species were recorded on Sanibel and Captiva as part of our local contribution to the National Audubon Society’s 125th Christmas Bird Count! In addition to being our highest count  total since 2020, this year had some highly unexpected sightings, including a burrowing owl on Captiva and a snow goose on Sanibel! Our three most frequently observed species were snowy egret, white ibis, and fish crow. Thanks to our 100+ volunteers and partners at the Sanibel-Captiva Audubon Society and J.N. “Ding” Darling National Wildlife Refuge who contributed to this important community science effort. Our data will be combined with other Christmas Bird Counts throughout the western hemisphere, furthering scientists’ understanding of the long-term health and status of bird populations.”

Taste of The Islands – CROW’s annual fundraiser is just days away – on March 1 on the grounds of Sanibel City Hall from 11 a.m. to 4 p.m. More info at TasteOfTheIslands.org. Tickets available on Eventbrite. Visit any of the participating restaurants beginning today (Feb 21 through Feb 28) to try their “featured item” and get a chance to vote early for your favorite restaurant. They include:

·        Boops by the Bubble Room Restaurant

·        Brgr Kitchen & Bar (at Sanibel Island Beach Resort)

·        Cielo

·        The Green Flash

·        Keyline Bistro

·        Lazy Flamingo

·        Lighthouse Café of Sanibel

·        Mud Bugs Cajun Kitchen

·        Rosalita’s Cantina Sanibel

·        Sanibel Deli

·        The Shack of Sanibel

·        Shima Japanese Steakhouse & Sushi Bar (at Sundial Beach Resort & Spa)

·        Sunshine Seafood Café & Wine Bar

·        Timbers Restaurant Home of the Sanibel Grill

·        Tutti Pazzi.
 

Sanibel & Captiva Islands Real Estate

Yesterday, at the islands Association of Realtors monthly Membership Meeting, guest speakers were Sanibel Fire Chief Kevin Barbot and Sanibel Police Chief Bill Dalton. Following the meeting, a Caravan of newly listed properties were open for viewing – 14 Sanibel homes and one Sanibel condo.

For years these caravan meetings were Thursday mornings at 8:30 a.m., changing from bi-weekly to weekly, usually in November, when the number of new listings increased. A maximum of 15 properties were allowed on Caravan and the locations alternated between East End and West End because of the additional travel time needed “in season”. That all changed following the hurricanes with meeting times changed to 11 a.m. due to heavy contractor traffic.

Our MLS Committee recently reviewed a member survey. As a result, Caravan meetings will be changing again to weekly and alternating between east and west (the dividing line is Rabbit Rd), but with the maximum number of properties being reduced from 15 to 10. Those changes are not only because of the many new listings, but to compensate for the traffic and encourage more attendance.

An East End Caravan is scheduled for next Thursday at 11 a.m. with Open House Caravan of new listings beginning at noon.

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

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

163

994,868

118

279

1,795,455

93

38

986,231

260

Under contract

15

873,700

68

26

1,740,405

71

2

1,647,000

62

Sold to 2/21/25

9

885,740

183

20

1,468,930

63

0

N/A

N/A

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:

45

1,140,499

175

31

6,221,841

130

3

9,916,666

196

Under contract

0

N/A

N/A

1

6,250,000

40

0

N/A

N/A

Sold to 2/21/25

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

With there being so few sales, some ask: what is selling? Below is a list of the closed island sales year-to-date including the 9 Sanibel condos and 20 homes, and the single home sale on Captiva. No lots have sold, nor any Captiva condos.

SANIBEL CONDOS CLOSED Jan 1 to Feb 21, 2025

Complex

#

Floor

View

Total Sq. Ft.

More Info

Price $

Captains Walk

A2

ground

yard

638

move-in ready, residential

250,000 unfurnished

Captains Walk

F2

ground

yard

980

all new including appliances, HVAC, residential

280,000 unfurnished

Blind Pass

C101

ground

yard

1,278

white box, on-site rentals

350,000 unfurnished

Sandalfoot

4D3

3

gulf

970

white box, on-site rentals

600,000 unfurnished

Pointe Santo

B25

2

gulf

1,450

renovated, rental history

849,000 furnished

Gulfside Place

209

2

gulf

1,962

updated, parking & storeroom below, residential

1,125,000 furnished

Tanglewood

5A

2

gulf-front

1,868

parking & storeroom below, weekly rentals

1,150,000 unfurnished

Seascape

302

2

gulf

3,206

3206 sq. ft. w/parking & storeroom below, residential

1,400,000 unfurnished

Sandpiper West

4

2

gulf-front

2,620

2620 sq. ft. w/parking below, residential

1,967,665 unfurnished

SANIBEL HOMES CLOSED Jan 1 to Feb 21, 2025

Community

Address

Location

Type

Total Sq. Ft.

More Info

Price $

Metes & bounds

812 Rabbit Rd

near beach, lake view

elevated

3,002

impact windows

625,000 unfurnished

Sanibel Highlands

490 & 460 Old Trail Rd

near beach

ground-level, concrete

4,198

caged pool, detached garage, impact windows

670,000 unfurnished

Sanibel Plnes

1950 Periwinkle Way

inland

½ duplex elevated

3,437

room for pool, impact windows, Hardi-board

679,600 furnished

Rocks West

3898 West Gulf Dr

across from gulf

ground-level CBS

2,698

down to studs, buyer mortgage

700,000 unfurnished

Del Sega

2604 Coconut Dr

across from Sunset Bay

A-frame w/garage

2,053

pool, Hardi-board siding, Trek deck, charming

725,000 unfurnished

Island Woods

1866 Farm Tr

inland

built 1998

2.834

community pool & tennis

748,000 furnished

Caloosa Shores

5297 Punta Caloosa Ct

deep-water access canal

ground-level CBS

1,740

caged pool, impact windows, solar, boat lift, some wall damage

804,000 furnished

Sanibel Estates

660 & 640 Periwinkle Way

near marina & beach

duplex

4,422

updated interiors, new HVAC, metal roof, buyer mortgage

830,000 unfurnished

Metes & bounds

706 Nerita St

near beach

elevated, pilings

4,217

caged heated pool, impact windows & doors, updated interior, new metal roof & HVAC

1,149,000 furnished

Sanibel Shores

761 Nerita St

near beach

elevated Key West style

3,610

caged pool, impact windows & doors, metal roof, buyer mortgage

1,215,000 furnished

Metes & Bounds

345 East Gulf Dr

near beach

elevated, pilings

5,966

caged heated pool, Hardi-board, buyer mortgage

1,270,000 unfurnished

Little Lake Murex

557 Lake Murex Cir

lakefront near beach

elevated, concrete

6,000

pool, 3-car garage, generator

1,350,000 furnished

Seagull Estates

229 Daniel Dr

near beach

elevated, pilings

5,223

community pool & tennis

1,375,000 furnished

Sanibel Shores

746 Nerita St

near beach

elevated

4,533

impact windows & doors, metal roof, Hardi-board, pool designed

1,550,000 furnished

Shell Harbor

803 Lindgren Blvd

canal across from beach

ground-level CBS

3,322

caged pool, all new, inside & out, boat dock

1,655,000 furnished

Whisperwood Cove

1052 Whisperwood Way

lakefront inland

ground-level CBS

6,994

1.23 acres, caged pool, 3-car garage EV charging, solar

1,950,000 furnished

Wilcox

2688 Coconut Dr

bayou

elevated

4,667

250’ waterfront. dock, elevated pool, solar power, impact windows & doors, EV charging

2,348,000 unfurnished

Shell Harbor

837 Sand Dollar Dr

canal near beach

elevated

7,419

caged pool, impact windows & doors, elevator, dock & boat lift

2,900,000 unfurnished

Gulf Ridge

5045 Joewood Dr

gulf-front

elevated pilings

5,130

elevator, impact windows, Hardi-board community amenities

3,450,000 furnished

Metes & bounds

6211 Starling Way

bayou

elevated

11,426

elevator, 3-car garage, deepwater access, boat house, dock, & lift,

3,475,000 unfurnished

CAPTIVA HOME CLOSED Jan 1 to Feb 21, 2025

Community

Address

Location

Type

Total Sq. Ft.

More Info

Price $

Captiva Beach

11527 Wightman Ln

near beach

ground level

1,706

damaged, but remediated

910,000 unfurnished

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

Sanibel

CONDOS

7 new listings: Captains Walk #F7 2/1.5 $339K, Sanibel Arms #H2 1/1 $374,995;  Sunset South #7D 2/2 $599K (SanibelSusan listing), Lighthouse Point #211 2/2 $624K, Ibis at The Sanctuary #B302 2/2 $739K, Loggerhead Cay #452 2/2 $895K, Sundial #O206 2/2 $1.495M.

1 back-on-market: Lighthouse Point #223 3/2 $1.025M.

5 price changes: Blind Pass #F104 2/2 now $649K, Ibis at The Sanctuary #A302 2/2 now $795K, Oceans Reach #1A4 2/2 now $980K, Oceans Reach #3A3 2/2 now $999K, Compass Point #191 3/3 now $1.599M.

2 new sales: Loggerhead #264 2/2 listed at $925K, Sundial #O406 2/2 listed at $1.675M.

2 closed sales: Captains Walk #A2 1/1 $250K, Blind Pass #C101 2/2 $350K.

HOMES

10 new listings: 249 Christofer Ct 3/2 $1.095M, Moonshadows #1A 3/3 $1.199M, 800 Beach Rd 3/2 $1.45M, 1286 Par View Dr 3/3 $1.495M, 5855 San-Cap Rd 3/2 $1.5M, 5095 Joewood Dr 3/3.5 $2.15M, 5729 Baltusrol Ct 3/4.5 $2.495M, 4724 Rue Belle Mer 3/3 $2.548M, 970 Victoria Cove 3/3.5 $2.65M, 628 Lighthouse Way 4/5.5 $5.1M.

26 price changes: 586 Boulder Dr 3/2 now $550K, 4560 Brainard Bayou Rd 3/2 now $749K, 1526 Wilton Ln 4/2 now $799K, 1410 Sand Castle Rd 2/2 now $819K, 1674 Bunting Ln 3/2 now $849K, 3362 Barra Cir 2/2 now $949K, 1155 Seagrape Ln 4/2 (multi-family) now $979K, 1018 S Yachtsman Dr 3/3 now $999K, 555 Piedmont Rd 3/2 now $1.05M, 1048 Fish Crow Dr 3/3 now $1.099M, 971 Main St 3/2 now $1,124,900; 1965 Roseate Ln 3/2 now $1.125M, 220 Palm Lake Dr 3/3 now $1,159,999; 604 Sea Oats Dr 4/3 now $1.189M, 5300 Umbrella Pool Rd 3/3 now $1.225M, 9439 Cotten Ct 3/4.5 now $1.349M, 748 Windlass Way 3/3 now $1.395M, 4353 Gulf Pines Dr 3/2.5 now $1.65M, 829 Pyrula Ave 3/3 now $1.665M, 2364 Wulfert Rd 4/4 now $1,694,500; 2402 Wulfert Rd 4/3.5 now $1.695M, 6407 Pine Ave 3/2 now $1.899M, 659 Anchor Dr 3/4.5 now $2.895M, 766 Sand Dollar Dr 4/4.5.5 now $3,099,999; 3611 West Gulf Dr 4/4.5 now $6.75M, 3577 West Gulf Dr 4/4.5.5 now $9.7M.

5 new sales: 1258 Sand Castle Rd 2/2 listed at $645K, 1677 Sabal Sands Rd 3/2 listed at $799,555;  920 Snowberry Ln 3/3.5 listed at $1.295M, 1044 Whisperwood Way 4/4.5 listed at $1.9M, 1083 Bird Ln 4/2.5 listed at $4.595M.

5 closed sales: 1950 Periwinkle Way (1/2 duplex) 3/2 $679,600; 3898 West Gulf Dr 3/2 $700K, 1052 Whisperwood Way 3/3 $1.95M, 837 Sand Dollar Dr 4/3.5 $2.9M, 5045 Joewood Dr 3/3 $3.45M.

LOTS

No new listings.

1 price change: 711/713 Cardium St now $549.9K.

1 new sale: 466 East Gulf Dr listed at $795K.

No closed sales.

CAPTIVA

CONDOS

1 new listing: Bayside Villas #5124 1/2 $399K.

1 price change: Lands End Village #1655 2/2 now $1,189,456.

No new or closed sales.

HOMES

1 new listing: 16813 Captiva Dr 3/3 $3.5M.

2 price changes: 15899 Captiva Dr 4/3 now $5.95M, 16500 Captiva Dr 6/6.5 now $7.895M.

1 new sale: 16632 Captiva Dr 5/4 listed at $6.25M.

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.

Enjoy your weekend,
Susan Andrews, aka SanibelSusan

Happy Valentines Day & Presidents Day Weekend on Sunny Sanibel

It has been another no-rain week on sunny Sanibel with the City alerting on heavy traffic which I can confirm after making the mistake of going to the Post Office Tues afternoon. MapQuest confirms that my East End home is 3.5 miles down Periwinkle Way to Tarpon Bay Rd, typically a 10-minute drive. Ha – not this week. I left home hoping to turn left coming out of Anchor Dr, but before 3 p.m. there already was a back-up from the 4-way stop. Since I wasn’t in a hurry, I headed the back-way, noticing that the Periwinkle back-up continued all the way to the East Gulf Dr intersection at the Olde Sanibel Shops.

The back route took 25 minutes as there was an officer directing traffic in front of The Sanibel Resort (former Holiday Inn) at the Donax St/East/Middle Gulf Dr intersection. That’s a first and it created another delay.

The good news is that Laura was manning the counter at the Post Office and in addition to her efficient service I learned she had just donated a large art piece for the auction at the upcoming Kiwanis Spaghetti Dinner. The island is lucky to have that hardworking girl and her community spirit. (Her donation at the recent CHR (Community Housing Resources) event sold for $10.5K.)

(Tickets still are available for the Kiwanis event which is on Sat Feb 22 at The Community House. No tickets will be sold at the door. This long-time annual fundraiser supports youth education, scholarship, and recreation programs.)

Heading home from the Post Office, my 2nd mistake was thinking that since it was late afternoon, it would be quicker to drive down Periwinkle with traffic exiting the island. That is the route the City often recommends and traffic controllers favor. Ha – after it took 50 minutes to get from the Post Office to the 4-way stop at Jerry’s, it then dragged to a total of 94 minutes to go the 3.5 miles home.

With thoughts of those stranded in “snow land”, the ride was enjoyable with “windows open”, noticing several happy birds/critters and new vegetation along the way. Letting a vehicle in at each unmanned intersection garnered waves and smiles too.

So, while restoration continues, please plan your island travel times better than me, cuz we need the many daily workers and visitors. Betcha the fantastic weather makes them happy too.

Sanibel Beach Renourishment Update

After seeing continual truckloads of sand coming to the island for months, it was great to read this week that Sanibel beach renourishment projects are wrapping up. With tons of sand already added to Lighthouse Beach, the City announced yesterday that dune vegetation plantings have begun there where approximately 29K native plants will go in to further strengthen the beach. This is the final phase of that project. The plants are sourced from a local grower and beach compatible with their root systems adding protection.

Joint Sanibel City Council & Planning Commission Meeting

The joint meeting scheduled next week at BIG ARTS on Tues, Feb 18 at 1 p.m. with both Sanibel City Council and Planning Commission has some real-estate-related and recovery items on the agenda (see below). Attend in person or on Facebook live.

·        Waive variance application fee

·        Developed area/fill/predevelopment grade discussion

·        Additional height exceptions for build back

·        Angle of light consideration

·        Short-form conditional use permit review

·        Code changes to implement Town Center

·        Installation of vegetation buffers

·        Distressed properties & dangerous buildings update.

Events, News, & ReOpenings

Jensen’s Twin Palm Resort & Marina – on Captiva has just reopened.

Red Tide May Have Run Its Course – was the headline on a Wed post by SCCF which further said: “The red tide bloom off Sanibel and Captiva may be in decline based on lower counts as well as a shift in satellite imagery that shows it moving to the north and south of the islands… SCCF Marine Lab scientists say conditions are improving and the bloom may have run its course for the time being, despite patches that remain offshore….” (My travels to Sanibel and Captiva both over the weekend and yesterday neither saw nor smelled any red tide evidence, though there were earlier reports of dead fish on the beach and in the canals.”

Sanibel-Captiva Rotary Club Arts & Crafts Festival – is this weekend (Feb 15 & 16) at The Community House (both with silent auction inside and plenty of shopping inside and on the grounds). Featuring over 50 artists, this long-time annual event is open Sat 10 a.m. to 5 p.m. and Sun 9 a.m. to 4 p.m.

Sanibel & Captiva Islands Real Estate

The islands Association of Realtors did not meet this week, but next Thurs is our monthly Membership Meeting, Guest speakers are Sanibel Fire Chief Kevin Barbot and Sanibel Police Chief Bill Dalton. A Caravan of Open Houses from noon to 3 p.m. follows the meeting.

This week, the Sanibel and Captiva Multiple Listing (MLS) hot sheets for residential property posted another bunch of new/back-on-market listings, and price changes – a total of 75 which is a little less than the 81 reported last Friday, but during the same seven days, there have only been 2 new sales – a 3-bedrm 2 bath canal-front Sanibel Estates pool home in nice condition that just dropped the price to $550K and a gulf-front lot in Gulf Shores that also recently had a significant price reduction.

We hope that the Valentines Day/Presidents’ Day weekend which in pre-storm years brought additional visitors will do that this year. But there are oodles of accommodation vacancies with many offering huge discounts.

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

With 471 residential listings now on Sanibel and 78 on Captiva, a lot more buyers are needed. Sanibel has had just 22 closed sales year-to-date. Captiva has had only one.

With commercial inventory, the former site of the Island Cow is on the market. It includes both 2153 and 2163 Periwinkle Way for $4.75M which is approved for a new restaurant plus eight residences (three single family, a duplex, and a tri-plex).

Also, the gas station at 1067 Bailey Rd, at the corner of Periwinkle Way, closed for $2M.

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

157

1,011,500

117

274

1,794,673

89

40

966,770

242

Under contract

16

764,406

70

26

1,788,496

68

1

2.499,000

162

Sold to 2/14/25

7

1,053,095

194

15

1,313,266

65

0

N/A

N/A

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:

44

1,205,534

173

31

6,339,583

125

3

9,916,666

189

Under contract

0

N/A

N/A

0

N/A

N/A

0

N/A

N/A

Sold to 2/14/25

0

N/A

N/A

1

910,100

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 Feb 7-14

Sanibel

CONDOS

14 new listings: Spanish Cay #A8 2/2 $375K, Mariner Pointe #713 2/2.5 $449K (SanibelSusan listing), Tennisplace #B31 2/1.5 $479K, Sundial #C406 1/1 $615K, Beach Road Villas #103 2/2 $629K, Donax Village #6 2/2 $649K, Blind Pass #A203 3/2 $690K, Island Beach Club #P1F 2/2 $774K, Sundial #A203 1/1 $799K, Sanibel Siesta #112 2/2 $875K, Sanibel Arms #F4/2/2 $895K, Sanctuary Golf Villages I #2-PH5 2/2.5 $995K, Oceans Reach #4D2 2/2 $1.095M, Sundial #S301 3/2 $1.195M.

1 back-on-market: Sanibel Moorings #1541 3/2 $859K.

6 price changes: Captains Walk #F3 2/2 now $499K, Spanish Cay #B3 2/2 now $549K, Oceans Reach #2B2 1/1 now $725K, Oceans Reach #4D1 2/2 now $850K, Heron at The Sanctuary III #2B 3.2,5 now $999K, Nutmeg Village #309 2/2 now $1.195M.

No new sales.

2 closed sales: Gulfside Place #209/2/2 $1.125M, Seascape #302 3/3.5 $1.4M.

HOMES

22 new listings: 220 Hurricane Ln 2/2 $725K, 1027 Bird Watch Way 3/2 $825K, 662 East Rocks Dr 3/2 $844K, 810 Elinor Way 3/2 $849K, 785 Rabbit Rd 3/2 $900K, 588 Boulder Dr 3/3.5 $1.125M, 495 Birdsong Pl 3/2 $1.287M, 752 Windlass Way 3/2 $1.295M, 3025 Turtle Gait Ln 3/2 $1.32M, 2999 Twin Ponds Dr 4/3.5 $1,349,400; 716 Rabbit Rd 3/2,5 $1.388M, 926 Lindgren Blvd 3/2 $1.475M, 252 Daniel Dr 3/2 $1.495M, 1980 My Tern Ct 3/2 $1.495M, 734 Pyrula Ave 3/2.5 $1.549M, 1666 Middle Gulf Dr 3/2 $1.595M, 5402 Osprey Ct 4/3 $1,849,555; 780 Beach Rd 3/3.5 $1.895M, 5423 Shearwater Dr (1/2 duplex) 3/3 $1.895M, 2312 Starfish Ln 3/3.5 $1.995M, 991 Whelk Dr 4/3 $1.998M, 1674 Sabal Palm Dr 3/3 $2.3M.

1 back-on-market: 485 Peachtree Rd 3/3 $1.05M.

24 price changes: 4452 Gulf Pines Dr 3/2 now $685K, 4560 Bowen Bayou Rd 3/2 now $749K, 588 Hideaway Ct 3/2 now $790K, 4596 Buck Key Rd 3/2 now $799K, 1677 Sabal Sands Rd 3/2 now $799,555; 1679 Bunting Ln 3/2 now $879K, 575 Hideaway Ct 3/2 now $799K, 589 Rabbit Rd 2/2 now $869K, 5309 Umbrella Pool Rd 3/3 now $885K (SanibelSusan listing), 838/840 Rabbit Rd (multi-family) 4/2 now $899K, 9225 Dimmick Dr 4/2.5 now $899K, 754-756 Donax St (multi-family) 4/2 now $949K, 1113 Sand Castle Rd 3/2 now $1.099M, 720 Elinor Way 3/2 now $1.245M, 1311 Par View Dr 3/3 now $1.29M, 1985 Wild Lime Dr 3/2 now $1.395M, 748 Windlass Way 3/3 now $1.425M, 250 Christofer Ct 4/3,5 now $1.549M, 2450 Wulfert Rd 4/3 now $1.695M, 930 Kings Crown 4/3 now $2.2M, 1543 San Carlos Bay Dr 5/4 now $2.999M, 1480 Angel Dr 3/3.5 now $3M, 1083 Bird Ln 4/2.5 now $4.495M, 4513 Waters Edge Ln 3/2.5 now $5.25M.

1 new sale: 1125 Captains Walk St 3/3 listed at $550K.

2 closed sales: 557 Lake Murex Cir 3/2,5 $1.35M, 803 Lindgren Blvd 4/4.5 $1.655M.

LOTS

2 new listings: Bowmans Beach Rd 27 $232K, 466 East Gulf Dr $795K.

1 price change: 2453 Wulfert Rd now $399K.

No new sale: 4501 Waters Edge Ln listed at $2.499M.

No closed sales.

CAPTIVA

CONDOS

No new listing:

2 price change: Bayside Villas #4116 1/2 now $575K, Tennis Villas #3132 2.2 now $689K.

No new or closed sales.

HOMES

1 new listing: 1 Sunset Captiva Ln 2/2.5 $4.495M.

2 price changes: 11523 Andy Rosse Ln 5/5.5 now $4,911,100, 16979 Captiva Dr 7/7.5 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 or participated in these transactions.
 ,
Enjoy your Valentines Day & Presidents Day weekend,
Susan Andrews, aka SanibelSusan