Another Friday Real Estate Update from Sunny Sanibel

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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

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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

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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

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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

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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

Another Fabulous Friday on Sunny Sanibel Island

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The good news is that the Sanibel and Captiva weather this week has been fabulous. That also resulted in more traffic, including on the shared use paths. With sunsets now not until after 6 p.m., the additional time to enjoy the sunshine, also brings more smiles. The islands need that!

 

Business & Reopening News

With the nice weather, it seems that restoration progress is speeding up. The islands need that too. Here are a few observations from this week:

Congress Jewelers – has been back in their former Periwinkle Place location for a few months but had their reopening ribbon-cutting yesterday. It has been positive to see more vehicles at Periwinkle Place as more businesses reopen there.

Doc Ford’s – on Sanibel has been a consistent dining favorite for years. I am giving them an extra shout-out this week as I think it is the first time I have been there three times in a five-day period. I easily enjoy their Southwestern Chicken Salad every visit, beginning back with it first was a weekly special when they were on Rabbit Rd. Yesterday, I met some long-time BIG ARTS Chorus pals there for a catch-up lunch. With the pandemic and hurricanes, and schedules often going in different directions, we are not all singing this winter, but it was special to share storm stories and reminisce about our singing gigs. Their upcoming event is a combined spring concert with the BIG ARTS Community Chorus and the Concert Band on Friday, Apr 4. Music includes Golden Oldies from the 1940’s through 1980’s with tickets already on sale.

Pine Cove – noticed today, another sign of progress is the new sign at their entrance.

Pointe Santo – began renting units Feb 1. They report that elevators are running in Bldgs A and E with the other buildings coming online soon. Their tennis/pickleball courts also are ready. Construction will be later this year on a new saltwater pool and spa, plus a poolside pavilion. Their new landscaping, shuffleboard, and BBQ areas also are expected to be done this year, while a new Association Office and kids programs are planned in 2026.

Sanibel Air & Electric – if like me, you were not able to get your AC to work after switching it out of heating mode, contact Sanibel Air & Electric. Their technicians said they often get calls because storm damage can take months to cause a problem. I got a new system after Ian and have it serviced through annual agreement, including just last month. This week when the air would not kick on, they found that the service disconnect box next to the compressor was filled with sand and rusty wires. If you have a similar need, try Sanibel Air and Electric. I have used and recommended them for decades. Always great service!

Sanibel Inn – welcomed their first guests back this week and I heard from some locals that their Tiki Bar also has reopened. During my drive-by today, I saw many workers adding new landscaping. That is a welcome sight on East Gulf Dr where Lindgren Blvd meets the beach.

Sundial Beach Resort & Spa – is advertising a limited-time offer for daycation passes (7 days a week) at two for one. Also, on Feb 1, the resort began renting units in their on-site program (nightly rentals). Some Sundial East owners enrolled in off-site programs have begun renting again too. Those have a weekly minimum. There are several ways to enjoy the resort including their newly-remodeled food and beverage offerings which are open to the public. Shima Japanese Steakhouse and Sushi Bar has been open for some time, while Captains Catch just opened yesterday (Feb 6). Turtle’s Tiki Bar on the beach also is open, while Beach Bites is expected to open Feb 13.

Sanibel & Captiva Islands Association of Realtors

Attendance was light at the Association of Realtors Caravan meeting yesterday. Traffic continues to be heavy, both coming on the island and on Periwinkle Way so perhaps that contributed as several attendees arrived late.

Most announcements were about new listings and price reductions. A new sale announced was off island. After the meeting, the Caravan of Open Houses itself was full – with a maximum is 15 properties. Those included 11 homes and two condos on Sanibel, plus two Captiva homes. The next Association meeting with Caravan is our monthly Membership Meeting on Thurs Feb 20.

This week, the Sanibel and Captiva Multiple Listing (MLS) hot sheets for residential property posted more new/back-on-market listings, and price changes – a total of 81, considerably more than the 57 reported last Friday, and surpassing even the whopping 70 reported the preceding week.

During the same seven days, nine new island sales were posted, all on Sanibel – four condos and five homes. Also since last Friday, four island closings were posted, two Sanibel condos and two Sanibel homes.

Though the islands have heavier traffic now, it looks like it could be a long time before the current inventory sells. Those buyers waiting for when the market is in their favor, should be purchasing now.

With commercial inventory, there were three new island listings this week. The former Lily & Co building at the corner of Tarpon Bay Rd and Island Inn Rd is on the market for $1.5M. Also, at 1551 Periwinkle Way, Traders building is for sale for $5.5M and Traders business for $1.2M.

Below, with data from the MLS are summary tables of the 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: 143 1,043,516 122 254 1,835,143 90 39 1,030,610 246
Under contract 19 830,710 83 27 1,817,996 63 0 N/A N/A
Sold to 2/7/25 5 969,333 171 13 1,284,153 68 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 1,209,168 167 30 6,430,700 122 3 9,916,666 182
Under contract 0 N/A N/A 0 N/A N/A 0 N/A N/A
Sold to 2/7/25 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 Jan 1 – Feb 7

Sanibel

CONDOS

13 new listings: Tennisplace #C31 2/1 $519K, Spanish Cay #E4 2/2 $595K, Blind Pass #C207 2/2.5 $599K, Lighthouse Point #216 2/2 $777K, Loggerhead Cay #583 2/2 $879.5K, Loggerhead Cay #362 2/2 $883K; Pointe Santo #E21 2/2 $1.05M, Sanctuary Golf Villages #1-2 3/3 $1.175M, Sundial #O205 2/2 $1.295M, Sundial #L402 3/2 $1.35M, Beachcomber #B302 2/2 $1.595M, Tamarind #B302 3/2 $2.389M, Sedgemoor #106 3/3.5 $5.4M.

9 price changes: Captains Walk #C6 1/1 now $225K, Sandpebble #2E 2/2 now $544K, Spanish Cay #E3 2/2 now $559K, Spanish Cay #D5 2/2 now $566K, Mariner Pointe #1083 2/2 now $569.9K, Donax Village #19 2/2 now $649K,  Sanibel Moorings #632 2/2 now $699K, Sanibel Sunset #102 3/2 now $1.35M, High Tide #B101 3/2 now $2.395M.

4 new sales: Sundial #F105 1/1 listed at $499K, Loggerhead Cay #162 2/2 listed at $899K, Heron at The Sanctuary #1-1A 3/2.5 listed at $949K, Seascape #302 3/3.5 listed at $1.499M.

2 closed sales: Captains Walk #F2 2/1.5 $280K, Pointe Santo #B25 2/2 $849K.

HOMES

21 new listings: 974 Greenwood Ct S 3/2,5 $775K, 551 Sea Oats Dr 3/2 $799,555; 2126 Egret Cir 3/2 $839K, 1684 Bunting Ln 2/2 $850K, 996 Greenwood Ct N (1/2 duplex) 3/3 $950K, 3941 Coquina Dr 3/2 $987.5K, 9490 Peaceful Dr 3/3 $995K, 3314 St Kilda Rd 3/2 $1.1M, 1056 S Yachtsman Dr 3/2 $1.199M,  920 Snowberry Ln 3/3.5 $1.295M, 727 Periwinkle Way 3/3 $1.475M, 335 East Gulf Dr 3/2 $1.495M, 933 Whelk Dr 3/2 $1.525M, 1172 Kittiwake Cir 5/3 $1,649,555; 6076 Castaways Ln 3/2 $1.78M, 6101 Starling Way 4/3.5 $1.795M, 706  Gopher Walk Way 3/4 $1,995,706; 6407 Pine Ave 3/2 $1.99M, 6010 White Heron Ln 3/2.5 $2.025M, 3615 West Gulf Dr 4/4.5 $13.9M.

1 back on market: 2319 Wulfert Rd 4/4.5 listed at $3.247M.

28 price changes: 690 Purdy Dr 3/2 now $550K, 1657 Atlanta Plaza Dr 3/2 now $734K, 1607 Sand Castle Rd 3/2.5 now $775K, 1046 Sand Castle Rd 2/2 now $799K, 1978 Roseate Ln 3/2 now $845.8K, 2441 Shop Rd 4/3,5 now $899K, 887 Casa Ybel Rd (multi-family) 5/3 now $945,500; 421 Lake Murex Cir 3/2 now $999K, 1406 Causey Ct 3/2.5 now $1.095M, 4400 Gulf Pines Dr 3/3 now $1.275M, 2276 Wulfert Rd 4/5.5 now $1.3M,  5243 Indian Ct 2/2 now $1.349M, 592 Sea Oats Dr 3/2 now $1.349M, 3285 Twin Lakes Ln 3/2.5 now $1.368M, 1002 Kings Crown Dr 3/2 now $1.395M, 811 Birdie View Pt 3/2.5 now $1.399M, 946 Whelk Dr 3/2.5 now $1.449M, 799 Birdie View 3/3 now $1.499M, 2525 Lands End Pl 4/3 now $1.575M, 203 Daniel Dr 3/3 now $1.595M, 4546 Waters Edge Ln 4/3 $1.699M, 829 Pyrula Ave 3/3 now $1.7M, 6440 Pine Ave 3/3.5.5 now $1,849M, 1607 Angel Dr 3/2.5 now $1.899M, 6407 Pine Ave 3/2 now $1.99M, 519 Kinzie Island Ct 4/3.5 now $2.449M, 762 Sand Dollar Dr 4/4.5.5 now $3.249M, 880 Limpet Dr 4/3.5 now $3.299M 1083 Bird Ln 4/2.5.5 now $4.9M.

5 new sales: 969 Fish Crow Rd 3/2 listed at $595K, 4372 Gulf Pines Dr 3/2 listed at $823K, 1154 Harbor Cottage Ct (1/2 duplex) 3/2 listed at $1.25M, 815 Birdie View Pt 3/3 listed at $1.699M, 589 Kinzie Island Ct 4/3.5 listed at $2.489M.

2 closed sales: 229 Daniel Dr 4/3 $1.375M, 6211 Starling Way 4/4.5 $3.475M.

LOTS

No new listings.

1 price change: 1755 Jewel Box Dr now $1.25M.

No new or closed sales.

CAPTIVA

CONDOS

1 new listing: Bayside Villas #4216 1/2 $579K.

No price changes, new, or closed sales.

HOMES

5 new listings: 11535 Laika Ln 4/2.5.5 $1.995M, 15200 Captiva Dr 3/2 $2.049M, 16309 Captiva Dr 6/4.5 $5.35M, 15899 Captiva Dr 4/3 $6.25M, 16777 Captiva Dr 6/6.5 $9.45M.

1 price change: 15161 Captiva Dr 4/4.5 now $6.295M.

No new or closed sales.

LOTS

1 new listing: 15819 Captiva Dr $12M.

No price changes, new, or closed sales.

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

Another Warm Sunny Friday on Sanibel Island

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Hooray! The island winter weather this week has been warm and sunny, 70+degree F days. 60’s at night. Nice conditions for the many contractors still working outside and even better for the visitors here from colder areas. Forecasters say more of the same is expected next week.

During my travels yesterday, I spotted many white birds (ibis, heron, egret) on either side of the road at the culvert that goes under Bay Dr. It is not the first time since the hurricanes that I have seen a variety congregating there. Everyone including wildlife are adapting to landscape changes.

For beachgoers, the good news is that all Sanibel public beach parking lots are now open.

There have been plenty of vacant spots in the bayside lot at lighthouse beach, but usually just a handful on the gulf side.

On Captiva, the Turner Beach lot, just over the bridge remains closed.

IPicture taken at Lighthouse Beach bayside yesterday, 1/30/2025.)

Red Tide

Recent cold weather in Florida has kept red tide away. But lately SW Florida has had several health alerts issued for red tide along beaches. (Today the alert was at Bowman’s.) Meteorologists have been tracking the bloom for months.

According to Sanibel-Captiva Conservation Foundation (SCCF) Marine Lab Director Dr Eric Milbrandt, the bloom is quite large, extending from the lighthouse and central Sanibel almost down to Naples. It started near Tampa after Hurricane Milton and cold fronts have pushed it south.

Dr Milbrandt said, “This one is sort of in the medium development phase, where it is using nutrients that are coming off the coast and it is continuing to sustain itself.” Not only is runoff fueling the bloom, but waters in the Gulf soon will start to warm-up. “Red tide blooms that typically form in the fall, then can continue into the winter and spring months. If they continue into the summer, that is when they have become, in the past, sort of super blooms,” said Dr Milbrandt.

While a lot can happen between now and summer, it is something SCCF is watching. Given the bloom location and how the coastline is laid out, the effects of it may be felt if southerly winds get more common.

Restoration & Reopening News

Bailey Tract Reopens – The Bailey Tract on Tarpon Bay Rd has reopened after a four-week closure for trail enhancements to increase accessibility to the Mindfulness and Ani Pond trails. Renovations included resurfacing with fine rock and gravel and leveling/widening the trail.

The Bubble Room – posted Wed on social media: “A monumental day for The Bubble Room Restaurant: after 854 days we officially have permanent power! We are not ready to give an official opening date quite yet, but our timeline is between March 1st and April 31st. We appreciate everyone’s patience and enthusiasm for our reopening. Our staff and contractors are working tirelessly to reopen as soon as possible. Thank you for your continued support.”

News from Florida Realtors

Florida Realtors Mid-Winter Business Meetings are underway through Sunday in Orlando. I heard yesterday from pals serving on the day-long state Professional Development Committee Audition Panel evaluating prospective instructors.

Sanibel/Captiva CEO Bill Robinson & RPAC Committee Chair Dave Arter

Also, last night, the Sanibel & Captiva Islands Association took home four awards at the RPAC (Realtor Political Action Committee) Awards Ceremony: Triple Crown, Highest Percentage of Goal – Small Board, Highest Total Cash Raised – Small Board, and Highest Participation – Small Board. Congrats to all contributors!

The Sanibel and Captiva’s real estate market is so unique and specialized that state and national trends do not always directly apply, but it is important to stay aware of what is happening around us.

Earlier this afternoon, Florida Realtors Chief Economist Dr Brad O’Connor shared his insights into state economy and real estate. Here are some tidbits from his presentation:

Last year, Florida had the lowest number of closed single-family home sales since 2014. The number of sales was down 2% from 2023 which was the earlier low.

Condo/townhome sales were even weaker last year. It was the worst year since 2010.

“In some areas, like SW Florida where prices went up more than the rest of the state, when that changes, more buyers will come.”

He said, Florida housing demand was weaker in 2024 for several reasons:

  • Mortgage rates still elevated
  • Property insurance rates still elevated
  • Market disrupted by two major hurricanes
  • Domestic in-migration has slowed
  • International buyer demand still tepid
  • Job growth has slowed
  • Condo issues (insurability and reserve requirements)

Regarding the number of new listings in 2024, that number for single-family homes was up 9.5% from 2023, but got back to normal. For condos/townhomes, that number was highest. It is a buyers’ market in Florida for condos, that started even before the new state requirements.

Looking to the future, it is too soon to predict market changes resulting from the new administration. The Fed watches job and inflation rates, we should too. He said this also, “Even if everyone in the government loses their job, that only would reduce the budget by 4%.”

Sanibel & Captiva Islands Association of Realtors

Though the island Association of Realtors did not meet this week, I chatted with several about their showing activity, pricing, etc. Like me, they are optimistic that Feb and Mar will bring more buyers, but also recognize that it will take time for today’s inventory to move.

Many are surprised that prices are not dipping but agree that most listings are priced based on the competition, not on comparable closed prices – or some just agree to client-suggested prices. As the market stabilizes, more price reductions are expected.

The next island Caravan Meeting is Thurs Feb 6. This week, the Sanibel and Captiva Multiple Listing (MLS) hot sheets added more new/back-on-market listings, and price changes, a total of 57, somewhat fewer than the whopping 70 reported last Friday.

During the last seven days, 12 new island sales were posted, all on Sanibel – four condos and eight homes.

Also since last Friday, five island closings were recorded, two Sanibel condos, two Sanibel homes, and a Captiva home.

Below, with data from the MLS are summary tables of the 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: 134 1,019,092 127 242 1,986,298 94 40 1,039,720 234
Under contract 16 773,617 84 25 2,027,276 50 0 N/A N/A
Sold to 1/31/25 3 1,239,221 223 12 1,120,333 67 0 N/A N/A
Sold 2024 75 818,493 117 164 1,471,981 115 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 1,223,488 165 25 6,721,080 138 2 8,875,000 264
Under contract 0 N/A N/A 0 N/A N/A 0 N/A N/A
Sold to 1/31/25 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 Jan 24-31:

Sanibel

CONDOS

7 new listings: Sanibel Siesta #105 2/2 $649K, Sanibel Arms West #M4 2/2 $749.5K, Lighthouse Point #231 2/2 $819.5K, Loggerhead Cay #162 2/2 $899K, Oceans Reach #4D1 2/2 $925K, Oceans Reach #3A3 $980K, Lighthouse Point #124 3/2 $1.499M.  .

5 price changes: Colonnades #1 1/1 now $289,078; Cottage Colony West #102 1/1 now $575K, Sanibel Moorings #342 2/2 now $699K, Nutmeg Village #211 2/2 now $939K, Heron at The Sanctuary #1-2B 3/3.5 now $1.249M.

4 new sales: Blind Pass #A106 2/2 listed at $435K, Cottage Colony West #139 1/1 listed at $575K, Oceans Reach #4C2 2/2 listed at $989K, Lighthouse Point #323 3/2 listed at $1.025M.

 HOMES

17 new listings: 1258 Sand Castle Rd 3/2 $645K, 1410 Sand Castle Rd 2/2 $899K, 686 Spartina Ct 3/2 $1.199M, 1052 Fish Crow Rd 3/3 $1.225M, 604 Sea Oats Dr 4/3 $1.249M, 2449 Harbour Ln 2/2 $1.5M, 1973 Wild Lime Dr 4/3 $1.55M, 544 Sea Oats Dr 4/4 $1.695M, 1159 Junonia St 3/3 $1.795M, 1731 Venus Dr 3/3 $2.395M, 1656 Hibiscus Dr 4/3.5 $2.695M, 985 Oyster Ct 5/4 $2.795M, 880 Limpet Dr 4/3.5 $3.229M, 1114 Seagrape Ln 3/2 $3.3M, 1004 Bayview Dr 5/4 $4.595M, 906 Snowberry Ln 4/4.5 $4.75M, 5270 Indian Ct 6/6.5 $5.995M.

18 price changes: 2105 Sunset Cir 3/2 now $649K, 4560 Brainard Bayou Rd 3/2 now $775K, 4372 Gulf Pines Dr 3/2 now $823K, 846 Farm Tr 3/2 now $849K, 5089 San-Cap Rd 3/2 now $898K, 1242 Par View Dr 3/2 now $949K, 1073 Sand Castle Rd 3/2 now $994.5K, 5300 Umbrella Pool Rd 3/3 now $1.247M, 218 Daniel Dr 3/2.5 now $1.295M, 3131 Twin Lakes Ln 3/2 now $1,399,999; 5422 Osprey Ct 3/2.5 now $1.427M, 1985 Wild Lime Dr 3/2 now $1.495M, 748 Windlass Way 3/2 now $1.495M, 2711 Wulfert Rd 4/4.5.5 now $1.699M, 2402 Wulfert Rd 4/3.5 now $1.795M, 5810 Pine Tree Dr 4/3 now $1,999,999; 1321 Eagle Run Dr 4/4.5 now $2.2M, 1290 Bay Dr 3/2 now $3.675M.

8 new sales: 1950 Periwinkle Way (1/2 duplex) 3/2 listed at $699.9K, 1550 Wilton Ln 3/2.5 listed at $899K, 284 Ferry Landing Dr 3/2.5 listed at $1.095M, 803 Lindgren Blvd 4/4.5 listed at $1.695M, 539 N Yachtsman 4/3.5 listed at $1.699M, 5250 Caloosa End Ln 3/2.5 listed at $1.849M, 1052 Whisperwood Way 3/3 listed at $2M, 2319 Wulfert Rd 4/4.5 listed at $3.247M.

2 closed sales: 660/664 Periwinkle Way (multi-family) 4/2.5.5 $830K, 1866 Farm Tr 3/2 $758K.

LOTS

2 new listings: 5398 Osprey Ct $430K, 4741 Tradewinds Dr $2.7M.

3 price changes: 355 Cowry Ct now $499K, 1340 Eagle Run now $539K, 4501 Waters Edge Ln now $2.499M.

No new or closed sales.

CAPTIVA

CONDOS

1 new listing: Captiva Hide-a-Way #1C 2/2 $1.475M.

2 price changes: Bayside Villas #5112 1/2 now $350K, Bayside Villas #5208 1/2 now $540K.

No new or closed sales.

HOMES

1 new listing: 11530 Chapin Ln 3/2 $2.15M.

1 price change: 15891 Captiva Dr 5/4.5 now $6.25M.

No new, or closed sales.

1 closed sale: 11527 Wightman Ln 3/2 $910K.

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

Chilly Paradise With Lotsa Real Estate News

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This probably is not the week to be boasting about Florida weather. Though we did not see freezing temperatures here, in many Florida Panhandle locations, not only were single-day and event snowfall records broken, but the state record also was broken. The system this week brought 8-9” of snow in Milton, FL. That more than doubles the 4” state record in 1954.

Here on Sanibel and Captiva, where we are used to balmy winters, anything under 60 degrees F can feel frigid. I chuckle about the comments received when wearing a jacket with flip flops. It’s the Sanibel way!

Yesterday, it was drizzly and didn’t get out of the 40’s, but it is warming up today with the sun out. Has already crept up to 60 but expected to be another cold morning tomorrow. (I haven’t seen any iguanas lately but got a kick of this image posted by Wink news.)

Starting Sunday, forecasters say it will be back into the 70’s right through next week. Hooray!

Sanibel & Captiva Islands Association of Realtors

The island Realtor Meeting yesterday was well attended and a full caravan (15 properties are allowed).

During announcements, members were asked to update their residential listings. A new Multiple Listing Service (MLS) field now is required and provides another search criteria. It identifies if a property is elevated (yes or no).

During the community discussion, I advised that the 2025 budget package for Sanibel Arms West is now posted with our listing, as well as details about the change in their on-site rental program condo commission (now 15.75%, which still is less than the traditional off-site programs at 20%).

After the meeting, 10 Sanibel homes, three Sanibel condos, and one Captiva condo were open for easy viewing. One condo was cancelled due to the weather.

The next Sanibel/Captiva Caravan meeting is Feb 6, but between now and then are the Florida Realtors Md-Winter Business Meetings in Orlando. I will be listening next Friday to their 14th Real Estate Trends presentation when Florida Realtors Chief Economist Dr Brad O’Connor will share his insights into where Florida’s economy and the real estate market are heading over the coming year.

At SanibelSusan Realty

Again, this week, teammate Dave and I met with more owners considering selling. It is not fun describing how the market has sifted in favor of buyers, but they appreciate our honesty.

I also again heard from Realtors wondering if we are getting showings at our ground-level listings. It still seems that many properties are not getting showings whether they are elevated or not. It seems unanimous that round-levels particularly are not being shown. Hopefully that improves as the islands get busier.

It also was a pleasure to refer several owners to businesses that have provided good service to us and our clients through the years. Getting thank-you calls and messages from those colleagues after contacts are made are further signs of their professionalism.

This week, we acknowledge and appreciate relationships with Amanda Curran at Superior Title, Carol McCarley at Noack & Co CPA’s, Attorney Gus Simmons, Rob Pailes with SBL Vacation Rentals, and Patience Rodriguez with Select Vacation Properties.

I also should mention a couple of companies with accomplishments this week at my home. John Grey Painting has done work for me for years, but who knew they would have a crew working through the weekend (Fri, Sat, and Sun). Then midweek, during the chill, a duo from Sliderman quickly removed and serviced my sliders, so they now work smoothly!

Please let us know if you also have service providers/vendors that you are happy with. We often are asked for recommendations, update our hand-out list periodically, and are always looking for additions.

Restoration News

Though restoration progress sometimes seems slow, it is always positive to hear about and see changes.

At the 2nd annual “State of the Islands” event this week hosted by the Chamber of Commerce and SCCF, it was announced that though the percentage of accommodations ready for occupancy still is low, it is expected to increase to 48% by April.

(Unfortunately, I also heard that one complex that has been open for many months, has only 30% of their available units booked now. Visitor traffic is way down.)

More new landscaping is going in at several complexes and new signage at others. Several are expected to reopen for rentals in Feb. while Sanibel Arms West hopes to partially open this weekend.

Beach renourishment also continues. It has been a steady stream of sand trucks on the East End and Middle Gulf Dr.

More Island Real Estate Scoop

Again, this week on Sanibel and Captiva, our MLS hot sheets included more new and back-on-market listings, and price changes, with a whopping 70 in total,

During the same seven days, there were seven new sales posted (five Sanibel condos and two homes).

Also, since last Friday, four island closings were recorded, three Sanibel homes, one on Captiva.

Below, with data from the islands 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: 131 1,019,059 124 232 1,950,651 96 38 1,020,494 239
Under contract 15 795,100 102 19 2,074,315 37 0 N/A N/A
Sold to 1/24/25 1 1,967,665 397 10 1,185,600 77 0 N/A N/A
Sold 2024 75 818,493 117 164 1,471,981 115 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 1,230,761 163 24 6,938,625 137 2 8,875,000 257
Under contract 0 N/A N/A 1 999,999 34 0 N/A N/A
Sold to 1/24/25 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 Jan 17-24:

Sanibel

CONDOS

13 new listings: Sanibel Arms #A7 1/1 $420K, Tennisplace #B32 2/1 $449K, Captains Walk #D4 2/1 $469K, Spanish Cay #F7 1/1 $549K, Blind Pass #D201 2/2 $669.9K, Sanibel Arms West #L1 2/2 $749K, 2/2.5 $1.175M, Heron at The Sanctuary #1-2B 3/3.5 $1.275M, Nutmeg Village #309 2/2 $1.275M, Sanibel Surfside #111 2/2 $1.625M, Chelsea Place #2 4/4.5 $3.695M.

3 price changes: Sandalfoot #5B2 1/1 now $599K, Sanibel Moorings #1422 2/2 now $729K, Gulfside Place #108 2/2 now $1.599M.

5 new sales: Captains Walk #F2 2/1.5 listed at $315K, Captains Walk #A4 2/2 listed at $379K, Lighthouse Point #317 3/2 listed at $599K, Pointe Santo #B25 2/2 listed at $899K, Loggerhead Cay #142 2/2 listed at $987.5K.

No closed sales.

HOMES

21 new listings: 1651 Sand Castle Rd (1/2 duplex) 3/2.5 $715K, 455 Peachtree Rd 2/2 $855K, 9436 Sage Ct 3/2 $995K, 3362 Barra Cir 2/2 $999K, 555 Piedmont Rd 3/2 $1.075M, 1105 Sand Castle Rd 3/2 $1.095M, 284 Ferry Landing Dr 3/2.5 $1.095M, 4739 Rue Belle Mer 3/2.5 $1.150M, 1825 Middle Gulf Dr 3/2 $1.249M, 1154 Harbor Cottage Ct (1/2 duplex) 3/2 $1.25M, 1062 S Yachtsman Dr 4/3 $1.349M, 736 Durion Ct 3/3 $1.395M, 702 Pyrula Ave 3/2 $1.559M, 1250 Christofer Ct 4/3.5 $1.599M, 1441 Sand Castle Rd 3/2 $1.649M, 4353 Gulf Pines Dr 3/2.5 $1.75M, 6440 Pine Ave 3/3.5.5 $1.995M, 479 Lagoon Dr 3/3 $1.998M, 4166 Dingman Dr 4/4 $2.149M, 1543 San Carlos Bay Dr 5/4 $3.199M, 2319 Wulfert Rd 4/4.5 $3.247M.

1 back-on-market: 5243 Indian Ct 2/2 $1.689M.

22 price changes: 969 Fish Crow Rd 3/2 now $595K, 1806 Ibis Ln 3/2 now $699K, 1950 Periwinkle Way (1/2 duplex) 3/2 now $699.9K, 1636 Jamaica Dr 2/2 now $729K, 575 Hideaway Ct 3/2 now $849K, 235 Palm Lake Dr 2/2 now $874K, 1625 Serenity Ln 3/2 now $880K, 9003 Mockingbird Dr 5/4 $899.9K, 754-756 Donax St 4/2 now $995.5K, 1426 Sand Castle Rd 3/2 now $1,074,999; 1646 Middle Gulf Dr 3/3 now $1.149M, 3711 Agate Ct 3/2.5 now $1.394M, 592 Sea Oats Dr 3/2 now $1.399M, 1985 Wild Lime Dr 3/2 now $1.589M, 941 Pecten Ct 3/2 now $1.595M, 2450 Wulfert Rd 4/3 now $1.845M, 939 Beach Rd 4/3.5 now $1.95M, 1052 Whisperwood Way 3/3 now $2M, 2667 Coconut Dr 3/3 now $2.195M, 1044 Whisperwood Way 4/4.5 now $2.289M, 589 Kinzie Island Ct 4/3.5 now $2.489M, 1730 Jewel Box Dr 4/3 now $3.495M.

2 new sales: 485 Peachtree Rd 3/3 listed at $1.05M, 5045 Joewood Dr 3/3 listed at $3.995M.

3 closed sales: 812 Rabbit Rd 3/2 $625K, 746 Nerita St 4/2 $1.55M, 6153 Starling Way 3/2 $1.6M.

LOTS

1 new listing: 651 Donax St $569K.

1 price change: 2453 Wulfert Rd now $450K.

No new or closed sales.

CAPTIVA

CONDOS

3 new listings: Tennis Villas #3221 1/1 $414.5K, Bayside Villas #4112 1/2 $579K, Gulf Beach Villas #2121 3/3 $1.475M.

No price changes, new or closed sales.

HOMES

2 new listings: 11547 Laika Ln 4/4 $2.995M, 16950 Captiva Dr 7/7 $23M.

1 price change: 15155 Wiles Dr 3/2 now $2.249M.

No new sales.

1 closed sale: 11527 Wightman Ln 3/2 $910K.

LOTS

1 new listing: 16970 Captiva Dr $5.75M.

No price changes, new, or closed sales.

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 & come to Sanibel & Captiva to get warm,

Susan Andrews aka SanibelSusan

Great Time to Buy With 50+ Sanibel/Captiva Listings & Price Reductions Just This Week

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Another Friday is here as the islands have made it through another week of mostly 60-degree daytime weather with sunshine and a few cloudy days too. With what is happening in other areas, we should not complain about Florida weather, but many look forward to those more-loved moderate days in the 70’s when it also stays light longer.

The warmest days in the upcoming forecast are tomorrow and Sunday when it may reach 73 degrees F, but with an 80% chance of rain Sunday. After that, next week is expected to be back to 60-degree days, 50-degree nights. More winter in paradise!

News on Island Openings

City pix of Blind Pass beach access.

Blind Pass Parking Lot reopened today. Only two public beach access lots still are closed:  bayside of Lighthouse Beach and the Turner Beach lot on Captiva. All other public access parking areas have reopened.

Lazy Flamingo 2 on Periwinkle still has their food truck. The restaurant itself is expected to reopen in late Feb/early Mar.

Oceans Reach ribbon cutting 2025.

Oceans Reach condos had their grand opening with ribbon-cutting this week.

With The Sanibel Inn to reopen soon, Dante’s Coal-Fired Pizza, their on-site restaurant, has been looking for staff for their Feb 1 reopening.

Sanibel & Captiva Islands Association of Realtors

It was another great event Wed evening when the Sanibel & Captiva Islands Association of Realtors celebrated their 40th anniversary, installed their 2025 officers/board of directors, and announced their 2024 awards.

Plenty of past Presidents had a hand in the program and I was happy to lead the pledge, first honoring military veterans, those serving, and their families.

It also was a surprise to be added to the Association’s Hall of Fame, which usually is reserved for those who have retired. Maybe that is a subtle message, but I love what I do and hope to continue.

2024 Affiliate Honor Society: Attorney Gus Simmons, Dave Arter with Private Client Insurance Services, Amanda Curran owner of Superior Title, & CPA Carol McCarley with Noack & Co (she speaks FIRPTA).

Those recognized for achieving 2024 Honor Society included four affiliate members and 21 Realtors (my 32nd year). Also winning Affiliate of the Year was Amanda Curran with Superior Title. (Her company holds SanibelSusan Realty escrow deposits and is recommended for our closings.)

2024 Honor Society Realtors: Valerie Tutor, Becky Mulka, George Kohlbrenner, Kelly Huguenin, Melanie Holaway, Eric Pfeifer, Jim Hall, Bryan Hall, Milissa Sprecher, Tina DiCharia, Brendan Albright, Greg Demaras, Cathie Lewis, Marvell Bradley, Ted Benjamin, & Susan Andrews

Our new Prez Becky Mulka with her daughter Audrey, husband Wally, & our CEO Bill Robinson.

Big congratulations to all award winners & the 2025 officers and Board of Directors.

Incoming President Becky Mulka’s speech likened our organization to mangroves as a symbol of who we are – strong, flexible, and deeply rooted, able to withstand storms and nurture life in countless ways. Like our Realtors, mangroves also thrive best when they grow together in a group, so we each were gifted with a baby mangrove plant to take home to grow so we can donate them to SCCF later in the year, as we work collectively to create a brighter future for the islands.

The next Realtor Caravan Meeting is Thurs Jan 23.

More Island Real Estate Scoop

Like at other recent meetings, the big topic behind the scenes last night was the real estate market. In speaking with our Florida District V (SW FL) leadership team, including several from the Royal Palm Coast (Fort Myers, Cape Coral, & Fort Myers Beach), Bonita Springs, and Naples, comments were that inventory is up everywhere, and sales are down. Only Naples is not struggling.

Again, this week on Sanibel and Captiva, our Multiple Listing Service (MLS) posts included many new/back-on-market listings and price changes (51 in total), with just nine new sales posted (five condos and four homes on Sanibel). There again were no sales on Captiva. Just three closings were posted, all Sanibel homes.

Below, with data from the islands MLS are summary tables of the 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: 125 992,183 127 211 2,011,522 99 37 1,034,724 23
Under contract 10 874,700 116 19 1,929,526 61 0 N/A N/A
Sold to 1/17/25 1 1,967,665 397 7 1,154,428 37 0 N/A N/A
Sold 2024 75 818,493 117 164 1,471,981 115 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: 40 1,275,250 172 24 6,197,721 144 1 12,000,000 505
Under contract 0 N/A N/A 1 999,999 34 0 N/A N/A
Sold to 1/17/25 0 N/A N/A 0 N/A N/A 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 Jan 10-17:

Sanibel

CONDOS

4 new listings: Spanish Cay #F2 1/1 $399K, Spanish Cay #B2 2/2 $575K, Sanibel Moorings #3331 2/2 $749K, Sundial West #K103 2/2 $1.05M.

2 back-on-market: Blind Pass #B211 2/2 $579K, Sanibel Moorings #1441 1/1 $625K.

3 price changes: Lighthouse Point #317 3/2 now $599K, Lighthouse Point #215 3/2 now $998K, Sanibel Surfside #135 2/3 now $999K.

5 new sales: Captains Walk #A2 1/1 listed at $250K, Blind Pass #C101 2/2 listed at $450K, Sanibel Moorings #1541 3/2 listed at $859K, Gulfside Place #209 2/2 listed at $1.195M, Beachcomber #C201 2/2 listed at $1.249M.

No closed sales.

HOMES

15 new listings: 1971 Roseate Ln 2/2 $648K, 966 Greenwood Ct S (1/2 duplex) 3/2.5 $739K, 4596 Buck Key Rd 3/2 $849K, 713 Durion Ct 3/2 $949,995: 1521 Wilton Ln 3/2 $1.05M, 5901 San-Cap Rd 3/2 $1.075M, 254 Daniel Dr 3/2 $1.196M, 720 Elinor Way 3/2 $1.295M, 672 Durion Ct 3/2 $1.495M, 954 Whelk Dr 3/3 $2.15M, 865 Birdie View Pt 4/4.5 $2.195M, 5435 Osprey Ct 4/3.5 $2.299M, 4090 West Gulf Dr 5/3 $2.6M, 5045 Joewood Dr 3/3 $3.995M, 5105 Joewood Dr 5/4 $4.35M.

18 price changes: 209 Robinwood Cir 3/2 now $599K, 1225 Captains Walk St 3/3 now $625K, 231 Palm Lake Dr 3/2 now $645K, 1390 Middle Gulf Dr (1/2 duplex) 3/3 now $799K, 4560 Brainard Bayou Rd 3/2 now $799K, 5307 Ladyfinger Lake Rd 3/3 now $879.9K, 4372 Gulf Pines Dr 3/2 now $898K, 9228 Belding Dr 2/2.5 now $950K, 754-756 Donax St 4/2 now $995.5K, 218 Daniel Dr 3/2.5 now $1.395M, 2276 Wulfert Rd 4/5.5 now $1.4M, 3711 Agate Ct 3/2.5 now $1.434M, 9439 Cotten Ct 3/2.4 now $1.475M, 941 Pecten Ct 3/2 now $1.595M,  4775 Rue Helene 4/3 now $1.645M, 815 Birdie View Pt 3/3 now $1.699M, 829 Pyrula Ave 3/3 now $1.775M, 5250 Caloosa End Ln 3/2.5 now $1.849M.

4 new sales: 1322 Sand Castle Rd 3/2 listed at $699K, 436 Glory Cir 3/3 listed at $1.22M, 837 Sand Dollar Rd 4/3.5 listed at $2.995M, 4039 West Gulf Dr 3/4 listed at $4.975M.

3 closed sales: 706 Nerita St 3/2.5 $1.149M, 345 East Gulf Dr 3/2.5 $1.27M, 2688 Coconut Dr 3/2 $2.348M.

LOTS

2 new listings; 2090 Wild Lime Dr $365K, 5085 Joewood Dr $3.495M.

No price changes, new or closed sales.

CAPTIVA

CONDOS

2 new listings: Gulf Beach Villas #2117 1/1 $675K, Beach Cottages #1408 2/2 $1.65M.

1 back-on-market: Bayside Villas #5112 1/2 $385K.

No price changes, new or closed sales.

HOMES

3 new listings: 27 Urchin Ct 2/2.5 $1.25M, 17181 Captiva Dr 5/4.5 $6.975M, 15735 Captiva Dr 5/5 $13.995M.

1 price change: 16979 Captiva Dr 7/7.5 now $7.5M.

No new or closed sales.

LOTS

Nothing to report.

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

Enjoy your weekend,

Susan Andrews, aka SanibelSusan

Has Been a Tad Chilly on Sunny Sanibel & Captiva

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Happy Friday! The “Jan/Feb 2025 Sanibel & Captiva Islands Real Estate Guide” comes out today. Our ad is above. If you’d like to see the full document, here’s a link to it on-line:  https://www.sanibelrealtors.com/real-estate-guide

Island Weather

The novelty of wearing jackets and sweaters is over with the lowest temperature at my home registered both Wed and Thurs mornings at 45 degrees F. Warmed up to 47 degrees this morning.

Even so, there have been plenty of bikers and joggers in shorts with daytime temps into the breezy 60’s/low 70’s some days. Most local and visitors are thankful to be here, away from the more serious cold/white stuff up north and the terrible fire devastation in CA.

The forecast for next week is much the same as this, with most days not expected to be out of the 60’s, but with blue skies and sunshine still generating smiles.

Final Paving of Causeway

A Wed notice from Sanibel City Manager said, “Final paving of Sanibel Causeway begins tonight, Jan 8.” With details provided by the FL Dept of Transportation it continued to say that the work includes the causeway islands and bridge approaches. “Motorists should expect one lane of travel with a flagging operation during the overnight hours of 7 p.m. to 6 a.m. This work is anticipated to occur during these nighttime overnight hours through the end of January.”

My Travel Across Causeway Yesterday

I had a quick errand in Ft Myers after our Realtor Caravan Meeting yesterday. The drive turned out to not be too quick. At noon, going from the Assoc of Realtors building to the toll booth took 55 minutes (usually 15). But no workers or holdups were noticed anywhere, just continued stop-and-go traffic. Maybe that was during a worker lunch break as when I returned about 30 minutes later, there was a flagger on the Sanibel side of the toll booth and heavy equipment on the causeway with concrete side barriers being moved. Traffic was moving OK in both directions, but the City later posted a “heavy traffic advisory” for the rest of the day and evening, saying it was due to FDOT crews completing underground causeway inspections. More restoration progress!

Sanibel Natural Resources Dept Updates

Blind Pass – Also on Wed, Jan 8, the City provided an update on some post-Milton recovery efforts. Following that storm, the City’s disaster contractor Crowder Gulf removed sand from the roadway that was impacting access to/from Captiva. They have screened and stockpiled 3 to 4 thousand cubic yards of sand at Turner Beach. Now Crowder-Gulf will be removing additional sand from the right of way and returning the clean screened sand back on northern Sanibel beaches to restore critically eroded areas adjacent to the road protection wall. That work has begun and is expected to take about a week, but no lane closures are expected. Flaggers will direct traffic as equipment and sand are moved across the roadway.

Lighthouse Beach – Phase II of the City’s beach renourishment project at Lighthouse Beach resumed this week, after a holiday break. Crews will continue to place the remaining 105K tons of sand on the bayside of Lighthouse Beach Park to strengthen the beach coastline and protect the Sanibel Lighthouse. Work should be completed by mid-Feb. Both bayside parking lots are closed while the remainder of this sand is moved, but the gulf-side parking lot is open. Crews will temporarily close portions of the beach to the public while placing sand. (That work is being accomplished Mon-Fri from 6 a.m. to 6 p.m.)

Sanibel & Captiva Islands Real Estate News

At the Sanibel & Captiva Islands Association of Realtors first Caravan Meeting of the year yesterday, there was chatter about the judge’s decision this week to deny the motion for the summary judgement filed and argued by Lee County and South Seas Resort. That essentially means that the total number of units at South Seas Resort remains and cannot exceed 912, or at least the county will not issue permits for more than that number. (That’s probably not the end of this issue though, some think South Seas may now apply for a zoning change to allow building higher. Stay tuned.)

We also heard that South Seas has sent existing owners notices of cancellation of their previous rental agreements. They are offering new agreements to owners who sign-up quickly, with an incentive of not requiring the $50K initial resort membership fee. The annual price to then use the resort amenities has yet to be clarified, proving again that it always pays to do your homework when signing contracts. We can help with that.

The other continued topic of conversation among colleagues was the volume of inquiries many are getting from owners looking to list. One long-timer said, “We need to start getting tough with these sellers. Many don’t recognize how much the market has changed.”

When our members get together, it also is a popular Realtor topic to ask each other about how many buyer inquiries and showings their listings are getting. Many are getting none – and have never seen a market like this. We agree and understand that frustration. Attracting potential purchasers often requires attracting their Realtor. (One listing agent recently emailed about a commission increase (to a level not seen here in many years). Another has copied that, as I received another notice this morning about a new listing offering the same.)

A pal also got them said “If we don’t have buyers, it doesn’t matter how much sellers are willing to pay us. Besides, we are obligated to introduce buyers to all the listings that match their requirements.”

During the Caravan Meeting, just one sale was announced, but there were many new listings and price reductions. Following the meeting,13 Sanibel homes and a condo were open for easy viewing. Next Wed is the Association 2025 Installation/2024 Awards Banquet. The next Caravan is in two weeks, on Thurs Jan 23.

Below, with data from the islands Multiple Listing Service (MLS) are summary tables of the residential sales statistics, followed by all the Sanibel/Captiva MLS action reported this week.

Again, this week, there were no Captiva sales, but on Sanibel five homes and one condo went under contract. Those compare to a whopping 30 new and back-on-market listings and 22 price changes.

My crystal ball says the Florida real estate market will start to stabilize this year. From the recession to the pandemic to hurricanes, to real estate rules changing nationally, there have been so many ups and downs that it will be positive to see stabilization. With election uncertainty over, many are feeling better economically, as that further improves and the islands continue to bounce back, more sales should follow. Fingers crossed (just in case).

SANIBEL

RESIDENTIAL

CONDOS

HOMES

LOTS

#

Avg Price

DOM

#

Avg Price

DOM

#

Avg Price

DOM

For sale:

123

992,048

131

202

2,036,454

98

35

983,565

245

Under contract

5

938,800

105

17

1,727,411

62

0

N/A

N/A

Sold to 1/10/25

1

1,967,665

397

5

1,132,400

37

0

N/A

N/A

Sold 2024

75

818,493

117

164

1,471,981

115

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:

38

1,288,815

174

21

6,025,095

157

1

12M

498

Under contract

0

N/A

N/A

1

999,999

34

0

N/A

N/A

Sold to 1/10/25

0

N/A

N/A

0

N/A

N/A

0

N/A

N/A

Sold 2024

13

1,728,846

185

8

4,887,187

182

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 Jan 3-10:

Sanibel

CONDOS

7 new listings: Sundial #F105 1/1 $499K, Sandpiper Beach #505 2/2 $750K, Oceans Reach #2B2 1/1 $789K, Oceans Reach #4C2 2/2 $989K, Sealoft Village #105 2/2 $995K, Lighthouse Point #323 3/2 $1.025M, Beachcomber #D201 3/2 $1.125M.

1 back-on-market: Somerset #D201 3/2.5 $1.725M.

3 price changes: Captains Walk #A2 1/1 now $250K, Tantara #202 2/2 now $895K, Nutmeg Village #211 2/2 now $990K.

1 new sale: Tanglewood #5A 3/2 listed at $1.149M.

1 closed sale: Sandpiper West #4 3/2.5 $1,967,655.

HOMES

12 new listings: 1315 Par View Dr 3/2 $999K, 1925 Roseate Ln 2/2 $999,900; 971 Main St 3/2 $1.149M, 1113 Sand Castle Rd 3/2 $1.149M, 4619 Rue Bayou 3/2 $1.195M, 3131 Twin Lakes Ln 3/2 $1,419,999; 640 Periwinkle Way 3/2 $1.449M, 3711 Agate Ct 3/2.5 $1.449M, 5243 Indian Ct 2/2 $1.689M, 930 Kings Crown Dr 4/3 $2.4M, 1730 Jewel Box Dr 4/3 $3.8M, 3611 West Gulf Dr 4/4.5 $6.995M.

3 back-on-market: 220 Palm Lake Dr 3/3 $1,199,999; 978 Oyster Ct 4/4 $2.749M, 4513 Waters Edge Ln 3/2.5 $5.45M.

13 price changes: 209 Robinwood Cir 3/2 now $629K, 1322 Sand Castle Dr 3/2 now $699K, 2105 Sunset Cir 3/2 now $699K, 1846 Farm Trail 3/2 now $875K, 588 Hideaway Ct 3/2 now $890K, 1677 Sabal Sands Rd 3/2 now $895K, 9247 Dimmick Dr 3/2 now $949K, 560 Boulder Dr 3/2 now $995K, 1048 Fish Crow Rd 3/2 now $1.199M, 5300 Umbrella Pool 3/3 now $1.325M, 1311 Par View Dr 3/3 now $1.35M, 1310 Par View Dr 3/3 now $1.45M, 1985 Wild Lime Dr 3/2 now $1.689M.

5 new sales: 3898 West Gulf Dr 3/2 listed at $795K, 557 Lake Murex Cir 3/2.5 listed at $1.44M, 746 Nerita St 4/2 listed at $1.595M, 1870 Woodring Rd 3/3.5 listed at $2.498M, 2960 Wulfert Rd 5/5.5 listed at $2.989M.

4 closed sales: 490 & 460 Old Trail Rd 3/3 $570K, 2604 Coconut Dr 3/2 $725K, 761 Nerita St 3/2 $1.215M, 2688 Coconut Dr 3/2 $2.348M.

LOTS

2 new listings; 1377 Jamaica Dr $425K, 460 Sawgrass Pl $925K.

1 back-on-market: 2807 West Gulf Dr $819K.

No price changes, new or closed sales.

CAPTIVA

CONDOS

No new listings.

1 back-on-market: Lands End Village #1650 3/3 $2.399M.

3 price changes: Tennis Villas #3135 1/1 now $429K, Tennis Villas #3132 2/2 now $699K, Gulf Beach Villas #2011 1/1 now $710K.

No new or closed sales.

HOMES

2 new listings: 15161 Captiva Dr 4/4.5 $6.495M, 16500 Captiva Dr 6/6.5 $8.495M.

1 back-on-market: 16632 Captiva Dr 5/4 $6.25M.

3 price changes: 58 Sandpiper Ct 3/2 now $1.525M, 11550 Paige Ct 5l5.5.5 now $6.5M, 16979 Captiva Dr 7/7.5 now $7.5M.

No new or closed sales.

LOTS

Nothing to report.

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

 Enjoy your weekend, Susan Andrews, aka SanibelSusan