Merry Christmas from Sanibel


It’s been a beautiful weather week, some fog in the early mornings, but with sunny skies every day. The Christmas Eve & Christmas Day forecasts look just as nice & sunny.

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoAs a reminder, there was no Realtor® Caravan this week, but the every-Thursday-morning schedule begins again on Dec 28 with a West Caravan.

ding darling goose logoFree Refuge Programs and Tours Begin In January 

This year, JN “Ding” Darling National Wildlife Refuge adds a new Horseshoe Crab program to its calendar of daily free tours and activities. The seasonal calendar of free programs and tours begins on Tuesday, January 2 and runs through April 8. Daily programs begin at 8:30 a.m. and include programs such as Nature Photography, Beach Walk, Birds of Prey, and Indigo Trail Walk. They have something for visitors of all ages and the programs/tours last anywhere from a half hour to two hours. For a full calendar of programs/tours and descriptions, visit http://www.dingdarlingsociety.org

henderson-franklinRent Tax Reduced Beginning January 1, 2018

Here is an article written by Henderson Franklin, Attorneys at Law:

The Florida Legislature recently delivered a small win for the business community with Florida House Bill 7109. Effective January 1, 2018, Florida Statute 212.031(1)(c) is amended by lowering the sales tax levied against commercial tenants from 6% to 5.8%. A more significant decrease would have been better, but commercial tenants will take what they can get, we suspect. The tax – known as the Business Rent Tax or “the BRT” – affects commercial tenants including retail, office space, and industrial tenants.

What is the BRT?

The Florida Legislature enacted the BRT in 1969, declaring that the business of renting, leasing, letting or granting a license for the use of commercial real property is a “taxable privilege.” In part because Florida has no personal income tax, the state government relies on sales taxes, including the BRT, as a significant source of revenue. Many local governments also impose a local option sales tax on top of the state BRT.

Florida is the only state to levy a statewide tax against commercial tenants, and thereby creates a competitive disadvantage for Florida businesses that lease rather than own their commercial space.

House Bill 7109

Florida’s BRT is unique from a national perspective in two respects: not only is it the only standard, statewide sales tax on commercial real estate rents, but unlike other corporate taxes, it is not pegged to profitability. As a result, the BRT significantly raises occupancy costs on all commercial tenants, regardless of their financial condition. New and/or struggling businesses in Florida may have the greatest difficulty with the burden this tax creates, and these businesses are likely to benefit the most from the tax relief in House Bill 7109.

Takeaway

Many voices within Florida’s business community have pushed for years for steep cuts to the BRT and, beginning in 2018, start to see their lobbying efforts bear fruit. Considering the significant impact the tax has on occupancy costs, the BRT should continue to be the subject of considerable debate in Tallahassee. As with all tax matters, please consult with your tax professional.

homesteadYou Can Inherit A Home, But You Can’t Inherit Taxes

Here is a helpful article posted at FloridaRealtors®. This one on Dec 18, 2017 is credited to Marty Kiar, Broward County property appraiser.

“The family home often passes from generation to generation as parents pass on, but Broward County’s property appraiser says he often gets a similar question the following year: Why did my property taxes go up so much?

“This happens when the decedent’s Homestead Exemption is removed the year following their passing and the Save Our Homes value is reset,” says Broward’s Marty Kiar. While alive, the parents had a cap on the amount their property taxes could go up each year thanks to Florida’s homestead exemption.

However, that protection ends and the house’s taxable value resets when it gets a new owner, even if that new owner inherited the house from his or her parents. In some cases, that higher taxable value can be dramatic.

Kiar notes only a few exceptions: A surviving spouse can inherit a house as well as the existing tax savings via Save Our Homes, as can a “legal dependent who was permanently residing on the property at the time of the decedent’s death.”

In all other cases, the new owner – even if he or she grew up in that house – must file for a new Homestead Exemption when they become the legal owner. Once filed, they also then have protection from yearly increases through Save Our Homes, though going forward it’s based on the first year they applied for the Homestead Exemption.”

Sanibel & Captiva Multiple Listing Service Activity December 15-22, 2017 

Sanibel

CONDOS

7 new listings: Spanish Cay #4 2/2 $374K, Sundial West #G105 1/1 $425K, Blind Pass #B211 2/2 $469K, Sunset South #1A 2/2 $775K, Loggerhead Cay #134 2/2 $995K, Tanglewood #1A 3/2 $1.149M, Atrium #201 3/3 $1.495M.

3 price changes: Sundial West #G204 2/2 now $649,999; Island Beach Club #220E 2/2 now $979K; Pointe Santo #E23 2/2 now $995K.

2 new sales: Sundial West #G105 1/1 listed at $425K, Sundial West #J207 2/2 listed at $695K.

6 closed sales: Seashells #44 2/2 $320K, Captians Walk #B5 2/1 $340K, Sundial West #C306 1/1 $404.5K, Blind Pass #B207 2/2.5 $469K, Sanibel Arms West #G8 2/2 $475K, Bougainvillea #A3 4/4 $3.55M.

HOMES

12 new listings: 1613 Sand Castle Rd 3/2.5 half-duplex $499K, 1027 Sand Castle Rd 2/2 $575K, 693 Rabbit Rd 3/2 $579K, 2521 Key Lime Pl 3/2 $599K, 1357 Jamaica Dr 2/3 duplex $650K, 1521 Wilton Ln 3/2 $784.5K, 4791 Rue Helene 3/2 $875K, 1106 Buttonwood Ln 3/2 $1.2M, 4166 Dingman Dr 4/4 $2.9M, 772 Birdie View Pt 3/3.5 $1.395M, 1035 Kings Crown Dr 4/3 $1.7495M, 1191 Bird Ln 5/4.5 $7.9M.

5 price changes: 667 Spartina Ct 3/2 now $619,555; 5299 Ladyfinger Lake Rd 3/3 now $648K; 1656 Middle Gulf Dr 3/4 now $990K; 5403 Shearwater Dr 4/3 now $1.195M; 2939 Wulfert Rd 5/5/2 now $1.349M.

9 new sales: 915 Palm St 3/2 listed at $475K, 3273 Twin Lakes Ln 3/2 listed at $825K, 3358 Saint Kilda Rd 3/3 listed at $979K, 932 Whelk Dr 3/3 listed at $1.224M, 899 Almas Ct 3/2 listed at $1.249M, 2441 Wulfert Rd 4/4.5 listed at $1.295M, 2190 Starfish Ln 3/3 listed at $1.395M, 1525 San Carlos Bay Dr 3/2 listed at $1.675M, 267 Ferry Landing Dr 3/2 listed at $1.795M.

1 closed sale: 4775 Rue Helene 4/3 $737.5K.

LOTS

1 new listings: 2987 Wulfert Rd $450K.

No price changes.

1 new sale: 1311 Par View Dr listed at $274K.

1 closed sale: 461 Lake Murex Cir $325K. 

Captiva

CONDOS

No new listings.

1 price change: Sunset Captiva #302 4/3 now $2.895M.

2 new sales: Tennis Villas #3210 1/1 listed at $300K, Lands End Village #1657 2/2 listed at $1.095M

1 closed sale: Lands End Village #1660 3/3 $1.5375M.

HOMES

2 new listings: 11526 Laika Ln 4/4 duplex $1.749M, 16814 Captiva Dr 5/5.5 $8.2M.

2 price changes: 16163 Captiva Dr 3/2 now $2.795M, 16447 Captiva Dr 6/5/2 now $3.599M.

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.

Santa on Beach

Wishing You & Your Family A Happy Holiday Weekend!

Elise for The SanibelSusan Team

 

Sanibel Luminary & Island Real Estate


After what I hope was a nice Thanksgiving for everyone, it is SanibelSusan reporting that it has been a busy few days at SanibelSusan Realty. Two listings are under contract, one my sale, plus another sale, and another offer or two in the pipeline. Teammate Dave is busy with the closing action items, while our pals at Barrier Island Title likewise are busy, working on getting some of them closed by the end of the year. Last night, I posted a new listing on MLS too, so Teammate Elise is busy this morning with that one.

Very Thankful.pngWe are thankful for the nice, yet unexpected, spurt of activity!

Tonight is Sanibel Luminary, the 32nd year. For those here, below is a summary.

museum-luminary-2015Sanibel Historical Museum & Village from 3:30 to 5:30 p.m. with a 50’s theme, will have holiday tunes performed by the Sanibel Ensemble (good practice for our upcoming concert), followed by a brass ensemble.

Flash mob inside Bailey’s General Store 5 to 5:30-ish (more of those chorus singers).

Then 5:30 to 9 p.m., lit paths marking the Luminary Trail will lead the way to merry landmarks from one end of Periwinkle Way to the other.

247There will be lots of events at shopping centers and businesses along the way; but no trolleys this year, it really will be a stroll. Mid-island, thousands of lights are sparkling at the Sanibel Community Church where there will be food, drink, live music, a petting zoo and kid’s tent, plus a presentation of “A Walk Through Bethlehem”. Next door, Santa will be at Jerry’s Center. At the East end, Sanibel Sea School and the San-Cap chapter of Solutions to Avoid Red Tide have lots of luminary fun planned in the school parking area.

Tomorrow evening is the Captiva Luminary event, also from 5:30 to 9 p.m., on Captiva Drive and Andy Rosse Lane, with plenty of treats at various businesses and with several bands performing in the Village.

big arts logoAdding another event, if you are on-island, is the BIG ARTS Community Chorus Holiday Concert Tuesday evening (12/6) at Schein Performance Hall at 7 p.m. Tickets available at the box office. (Come to hear my first solo, it’s three words!)

Below after a couple of additional news items is the action posted this week in the Sanibel & Captiva Multiple Listing Service.

Sanibel & Captiva Islands Association of Realtors®

Sanibel realtors logoThere was a big turn-out yesterday at the islands’ Thursday morning Association of Realtors® Caravan Meeting. I was happy to announce our new sales and new listings. During the following 9 a.m. to noon, Realtor® Caravan our Open House at Hight Tide was successful and Dave/Elise worked on the inventory too. Next week is West-End Caravan, followed by the monthly membership meeting and East-End Caravan on 12/15, when we will have another new listing open.

Water Improves on Sanibel

beach.jpg

Nice to read this article in the December issue of “The Junonia” by The Sanibel-Captiva Shell Club, Inc.:

“If you were on the beach during Thanksgiving week you may have noticed how clear the water was in comparison to earlier in the season…Just west of Lighthouse Beach…people were in waist deep water and bending over to pick up shells they saw on the sandbars. Many live shells and sand dollars were observed. Likewise, live animals could be seen on the beach and in the shallow waters. It was satisfying to watch people turning shells over and then returning them to the sand or water when they discovered they were alive.”

SanibelSusan’s 2-cents worth:

The clear water likely is weather and rain-related. After setting rain records early in the year (wettest January ever), it is obvious from the yellow grass along island roadways, that it is very dry here now. News reports say that since Hurricane Matthew in mid-October, which was Florida’s first hurricane in more than a decade, the rainy season essentially stopped, though it had been an unprecedented 53+” of rain in ten months. Since they, we have seen little if any precipitation in some areas of the island.

This lack of rain has allowed the Army Corps of Engineers to get the water level under control on Lake Okeechobee, which has meant fewer and lower-volume water releases coming down the Caloosahatchee.

Mother Nature has treated Southwest Florida well this year. Let’s hope the clear water stays!

2017 Sanibel Beach Parking Permits

Parking-On-Sanibel.png

2017 Sanibel Beach Parking Permits may be purchased at the Sanibel Recreation Center seven days a week during operating hours (Mon through Thurs 6:30 a.m. to 8 p.m; Fri 6:30 a.m. to 6:30 p.m.; Sat 8 a.m. to 5 p.m., & Sun 12 p.m. to 5 p.m. To qualify for any Beach Parking Permit, bring a valid vehicle registration for each vehicle AND a valid government-issued identification. Permits are valid through 11/30/2017. The permit decals and fees are:

“A” Resident/Property Owner $12 – A driver’s license showing a Sanibel address or proof of Sanibel property ownership is required to purchase a resident/property owner “A” sticker. Beach Access Lots 1 through 7 on West Gulf Dr require “A” permits.

“B” Non-Resident Permit $99

“C” Restricted Permit $90 (resident & non-resident) – “C” permits are required at Gulfside City Park (Algier’s), Boat Ramp & Causeway Parking Lot (or general parking at $4/hour).

“A/C” Resident/Property Owner Permit $102

“B/C” Non-Resident Permit $198

Time to File For Florida Homestead Exemption

LeePALogoThe time to file new Florida Homestead Exemptions is coming up. It’s January 1 to March 1. Wondering what the Homestead Exemption is? From www.Leepa.org:

“Homestead Exemption is a constitutional benefit of up to a $50,000 exemption removed from the assessed value of your property. It is granted to those applicants who possess title to real property and are bona fide Florida residents living in the dwelling and making it their permanent home on January 1. Documentation that proves you were a resident at the homestead property is required.

“Rental of the homestead property (exclusive use by a tenant on a temporary, seasonal or annual basis) constitutes abandonment of the homestead – if you plan to rent, contact the Appraiser’s Office to determine your exempt status.

“Properties granted Homestead Exemption automatically receive the “Save Our Homes” benefit. This is a constitutional benefit approved by the Florida voters in 1992. It places a limitation of 3% on annual assessment increase on Homestead properties beginning with the 1995 tax year.

“For properties granted Homestead Exemption in the prior years, that assessed value will be the base value for the implementation of “Save Our Homes”. Thereafter, the assessed value will not increase more than 3% or the Consumer Price Index, whichever is less. Exceptions to that limitation include new additions or construction that escaped taxation in the past. Another exception would occur when a homestead property sells: the assessed value returns to fair market value in the year following the sale. That fair market value assessment then becomes the base value for “Save Our Homes” purpose for the new owner/homestead applicant.

“You may file for your homestead exemption by mail, in person or on-line at www.leepa.org…”

Sanibel & Captiva Multiple Listing Service Activity Nov 25-Dec 2, 2016

Sanibel

CONDOS

3 new listings: Mariner Pointe #322 2/2.5 $529K, Sunset South #11C 2/2 $599K (our listing), Sundial East #L402 2/2 $749K.

2 price changes: Mariner Pointe #1412 1/1 now $385K, Sand Pointe #113 2/2 now $749K.

5 new sales: Mariner Pointe #522 2/2 listed at $449K (our listing & sale), Sandpiper Beach #504 2/2 listed at $789K, Sundial East #P401 2/2 listed at $899K (our listing), Sanibel Surfside #127 2/2 listed at $1.15M, Gulfside Place #115 2/2 listed at $1.595M (our buyer).

1 closed sale: Sundial #P205 2/2 $745K.

HOMES

3 new listings: 5308 Umbrella Pool Rd 3/2 $625K, 9436 Yucca Ct 3/2 $649K, 1561 San Carlos Bay Dr 3/4 $2.895M.

2 price changes: 9209 Kincaid Ct 3/2 now $479K, 1842 Woodring Rd 3/3.5 now $1.95M.

7 new sales: 671 Rabbit Rd 3/2 listed at $649K, 750 Nerita St 3/2 listed at $699K, 2549 Harbour Ln 3/2 listed at $749.5K, 1559 Sand Castle Rd 3/2 listed at $799K, 1146 Buttonwood Ln 3/3 listed at $975K, 5751 Baltusrol Ct 3/4 listed at $1.05M, 1717 Jewel Box Dr 3/3.5 listed at $2.1M.

4 closed sales: 970 Palm St 3/2 $519K, 1076 Sand Castle Rd 2/2 $575K, 588 Hideaway Ct 3/2 $670K, 3675 West Gulf Dr 3/2 $2.8M.

LOTS

2 new listings: 2998 Singing Wind Dr $199K, 978 Main St $210K.

No price changes, new or closed sales.

Captiva

CONDOS

No new listings, price changes, or new sales.

2 closed sales: Lands End Village #1639 2/2 $1.35M, Seabreeze at South Seas #1253 3/3 $1.497M.

HOMES

1 new listing: 11505 Gore Ln 5/5 $1.895M.

3 price changes: 11537 Laika Ln 4/3 now $1.549M, 11526 4/4 duplex now $1.799M, 14860 Mango Ct 5/4 now $2.34396M.

No new or closed sales.

LOTS

Nothing to report.

(This representation is based, in whole, or in part, on data supplied by the Sanibel & Captiva Islands Association of Realtors® or its 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 general real estate activity in the community and does not imply that SanibelSusan Realty Associates is participating or participated in these transactions.)

luminary-116Until next Friday, hope your Luminary Trails are as bright as on the island!

Susan Andrews, aka SanibelSusan