Time to “Fall Back” to Temperatures Under the 80’s

Today is one of those rare cloudy rain days on otherwise sunny Sanibel. Forecasters say that rain bands are bringing a cold front. I can attest to that, as my car showed a temperature drop from 83 degrees F to 73 degrees F in the few minutes that it took me to drive home from the office last night. Clearing is expected tomorrow with weekend temperatures to remain in the low 70’s and below. By early next week, it will be back to sunny and warmer.

At SanibelSusan Realty, it has been busy this week. After our Mariner Pointe condo listing was open for Realtor® Caravan last week, we got two offers, then yesterday, we had our new listing at Sealoft Village open for Caravan. The action since last Friday posted in the Sanibel & Captiva Multiple Listing Service follows a couple of news items below.

First, another good article by my favorite economist, Lawrence Yun. It came from the Fall 2021 “Realtor®” magazine. What he says is in-line with what I hear from clients across the country where renters now also are in multiple offer situations and bidding wars.

Serious Squeeze on Renters

“U.S. needs to put attention on rental, first-time buyer markets.

“Just as the for-sale market is starting to moderate, the rental market is heating up, which will put added pressure on people trying to save for their first home. Rental listings are attracting multiple offers, and apartment vacancy rates are approaching record lows. Consequently, rents are set to soar.

“The reason is twofold. First, the jobs market is improving. Despite a disappointing August employment report, 85% of the 21 million jobs slashed during the first month of the pandemic lockdown have been recovered. Job openings have reached an all-time high of 10 million, and those who might have been sleeping in the basement of their parents’ house are emerging in search of housing.

“The second reason for strong rental demand is that many potential first-time buyers are priced out. The median existing-home sales price was up 25% year-over-year in June, though this is partly because high-end sales are up. The S&P CoreLogic Case-Shiller Index, a constant quality home price index, was up 18% over the same period. The gain has been a boon for owners but is causing serious anxiety for nonowners. Even near-record-low interest rates can’t compensate. It’s no surprise, then, that the number of mortgage applications to buy a home has been falling, along with the share of sales to first-time home buyers.

“Mortgage rates may further squeeze renters next year. The Federal Reserve will soon slow the pace of buying mortgage-backed securities and will certainly raise its benchmark interest rate next year, which may drive rates up to near 4% by the end of 2022. One bit of good news: Fannie Mae will soon consider rental payment history in qualifying borrowers. That will enlarge the pool of eligible buyers. But to ensure that housing costs remain manageable, America needs more homes, both for ownership and for rent. New construction alone won’t fill the need. Rehabbing dilapidated homes and repurposing commercial buildings into residential units – is essential. There is a massive housing shortage. All hands must be on deck to get the supply up.”

Veterans Day – Fee-Free on Wildlife Drive

In observance of Veterans Day, “Ding” Darling will waive entrance fees to Wildlife Dr on Thursday, Nov 11. Motorists, cyclists, and pedestrians all enter free-of-charge that day from 7 a.m. to 5:30 p.m.

Check out the new entrance sign to “Ding” Darling too. It features those favored Roseate Spoonbills.

More Restaurant News

As a foodie, it’s always good to get the correct scoop on what’s happening on Sanibel. Here’s the article posted Nov 1 on “Gulfshore Business” by David Dorsey:

“Iconic Sanibel Restaurant, Matzaluna Closing, Rebranding Under New Ownership

“Two restaurant owners who are in different stages of their lives are connected as one expands and the other contracts their offerings on Sanibel Island. Matzaluna, an iconic restaurant on Sanibel Island, will be closing mid-November, ending a 27-year run.

“Local legendary restaurant owner Matt Asen is looking to downsize. And, a younger couple, Jeramie Campana and his wife, Debra Campana, transplanted from Chicago, is looking to boost its offerings of Sanibel restaurants.

”Asen, 69, has been feeding islands and tourists at the Timbers for 43 years. He also owns the Sanibel Grill and the Prawnbroker and the University Grill in Fort Myers. He opened Matzaluna at 1200 Periwinkle Way in 1994.

“Photographs of Asen with hundreds of celebrities adorn the walls at the Timbers. They range from presidents George W. and George H.W. Bush to basketball stars like Larry Bird and Reggie Miller to musicians, like Asen’s look-a-like, former Van Halen singer Sammy Hagar.

“Asen will continue co-owning the Matzaluna building and property with three business partners while leasing it for the new concept.

“Retaining restaurant workers, supply-chain issues and aging and health issues combined for Asen to take a step back.

“Jeramie Campana plans to open an Italian-themed restaurant in the space currently occupied by iconic Sanibel restaurant Matzaluna, which will close after 27 years in mid-November.

““We had 27 years which in dog years is like 249, and restaurant years, it’s like a million,” Asen says. “At 27 years at Matzaluna, it’s successful. We’re going to get out while we’re still making money. And enjoy life a little more. I don’t want to be the richest man in the cemetery.”

Asen had spinal fusion surgery seven months ago. He’s back to walking without a cane. But at age 69, and his three partners ages 69, 76, and 79, Asen said the time was right. “It’s sort of sad,” Asen says. “But it’s time to move on and enjoy more than I do, and I enjoy life very much.”

“Asen said he was happy to lease the building to the Campanas, who grew up visiting Sanibel Island with her parents, who owned a timeshare. In 2017, they sold their catering business in the northern suburbs of Chicago and moved to Sanibel.

“It sort of reminds me when we were younger and full of energy and great hopes,” Asen said.

“The Campanas opened their first Sanibel restaurant, the Paper Fig Kitchen, in 2018 at 2003 Periwinkle Way. Since then, they have added 400 Rabbits, a Mexican-themed restaurant that opened last New Year’s Eve at 975 Rabbit Rd.

“Over the weekend, the Campanas opened Fig East End, a deli and convenience store at 359 Periwinkle Way. It has been an abandoned deli, and it’s the only place near the lighthouse and the east end of the island for beachgoers to buy ice.

“The former East End Deli,” Jeramie Campana says, “it’s been closed for a number of years now. We are revamping it. We opened two days ago. We’re bringing some stuff back to the east end that’s desperately needed.”

“Up next: Bamboo, a Pan-Asian-themed restaurant that will be at the former Il Tesoro location at 751 Tarpon Bay Road. It will be the only Asian-themed restaurant on the island. After that, the Campanas can turn their attention to the reopening Matzaluna under a new name yet to be revealed

“It will stay Italian,” Campana says. “It will stay family friendly, it will be place where locals can come and hang out around the bar, meet new people, meet locals and meet tourists. It really is a great spot continuing on that Matzaluna tradition for great Italian food for the island.”

“Campana has plans to revamp and upgrade the pizza offerings there. He and a business partner traveled to Chicago and met with some Italian pizza gurus. “We learned the proper way to do wood-fired pizzas,” Campana says. “Eventually, we’re going to offer Chicago-style pizzas as well. We’re going to make our own dough.”

“There wasn’t much of a debate in changing the Matzaluna name, Campana said. “Change it,” he says. “We need to make it our own. We’re just taking advantage of those opportunities.”

(Note: I confirmed yesterday with Jeramie Campana that it will be called Tutti Pazzi Italian Kitchen, expected to open sometime in January.)

Sanibel & Captiva Islands Multiple Listing Service Activity October 29 – November 5, 2021

Sanibel

CONDOS

1 new listing: Sanibel Arms West #J1 2/2 $679K.

1 price change: Sanctuary Golf Villages I #5-2 3/3 now $950K.

7 new sales: Captains Walk #B4 2/2 listed at $489.9K, Seashells #43 2/2 listed at $585K, Blind Pass #C207 2/2.5 listed at $618K, Ibis at The Sanctuary #A201 2/2 listed at $625K, Mariner Pointe #1061 2/2 listed at $724K (our listing), Lighthouse Point #325 2/2 listed at $1.1M, Pointe Santo #B46 2/2 listed at $1.395M.

View from Mariner Pointe #1061

6 closed sales: Blind Pass #C110 2/2 $539K, Blind Pass #A206 2/2 $565K, Lighthouse Point #214 2/2 $786K, Sandpiper Beach #404 2/2 $929K, Sanibel Arms West #F6 2/2 $1.007M, Sand Pointe #111 2/2 $1.121M.

HOMES

No new listings or price changes.

7 new sales: 696 Sea Oats Dr 3/2 listed at $868K, 4239 Gulf Pines Dr 3/2 listed at $949K, 700 Birdie View Pt 3/2 listed at $985K, 4619 Bowen bayou Rd 3/2 listed at $996K, 5418 Osprey Ct 4/3.5 listed at $1.399M, 966 Whelk Dr 3/2 listed at $1.399M, 927 Kings Crown Dr 3/3.5 listed at $2.295M.

4 closed sales: 535 Birdsong Pl 3/2 $660K, 647 Rabbit Rd 3/2 $701.5K, 1294 Sand Castle Rd 3/2 $1M, 941 Kings Crown Dr 4/3 $1.361M.

LOTS

1 new listing: 1084 S. Yachtsman Dr $699K.

No price changes.

1 new sale: 4767 Tradewinds Dr listed at $2.295M.

No closed sales.

Captiva

CONDOS

1 new listing: Lands End Village #1659 2/2 $1.395M.

No price changes.

1 new sale: Lands End Village #1663 2/2listed at $1.395M.

1 closed sale: Beach Homes #17 4/3 $3.45M.

HOMES

1 new listing: 11529 Andy Rosse Ln 4/4 $2.55M.

No price changes.

1 new sale: 16280 Captive Dr 6/6 listed at $8.9M.

1 closed sale: 11559 Laika Ln 4/3.5 $6,324,500.

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.

Below is our ad from today’s “Island Sun”.

Don’t forget to “fall back” on Sunday!

Susan Andrews, aka SanibelSusan

Raising Sanibel RPAC Dollars & Reporting on Turtles, Restaurants, Events, & More…

SanibelSusan here reporting more blue skies and rain-free island weather this week. Daytime temperatures now are mostly in the mid-80’s, followed by nights dipping into the low 70’s. Roadways are getting busier as more snowbirds return.

As summer projects finish up, fall projects are underway in a few locations. At Pointe Santo, new roofs are going on, while at Mariner Pointe, their project is wrapping. On Captiva, their beach renourishment project is ahead of schedule, expected to complete later this month, while on the Sanibel causeway, work continues both on bridge repairs and the multi-year causeway improvement project.

In the world of real estate, there were a few more island listings this week. Sanibel now is up to 29 homes and 21 condos for sale. On Captiva, eight homes and three condos are available. There also were a few new sales and several closed sales.

After a couple of news items below are the details on the action since last Friday in the Sanibel & Captiva Multiple Listing Service.

What’s Up With Sanibel-Captiva Islands Association of Realtors®

Wednesday after work was the 25th Annual Sanibel & Captiva Islands Association of Realtors® End of Season Party and RPAC Auction. Usually held in the spring after the busy winter season, this year, the event again was delayed because of the pandemic. Though, it probably is accurate to say that “season” never really ended this year, it was great to socialize again in-person with colleagues. It had been almost two years since some of us had been together. Held at The Sanctuary, the event began with an afternoon golf tournament followed by the party with auction.

The final tally of RPAC dollars raised has yet to be announced, but the islands Association of Realtors® usually is the recipient of state awards for the goals they surpass and level of organization participation. (Awards from last year shown here.) Hopefully enough was received this year to garner a few more.

RPAC (Realtor® Political Action Committee) has been around since 1969 and promotes candidates who will protect and promote the real estate industry and individual property rights. From each dollar raised, 30% goes toward national issues through the National Association of Realtors®, 35% to Florida Realtors® for state issues, and 35% to local associations. Funds here have been used for such environmental issues as to improve water quality, prevent over development, ensure redevelopment, and beach renourishment.

Looking to Tallahassee, each year the Florida legislature introduces more than 4,000 bills. Florida Realtors® monitors each one and, when appropriate, works to influence the bill’s direction. RPAC isn’t Republican, isn’t Democrat, but provides an independent voice, fighting for homeowners and Realtors®.

This year for the auction, SanibelSusan again donated a Jumbo Lobster Dinner for 4 (or gift certificate) from the Lobster Net in Brewer, Maine. If you ever want fresh Maine seafood, delivered right to your door, check them out at www.TheLobsterNet.com.

The donation is always a hit. Thanks to affiliate Attorney Nikki Naumann for buying this year and introducing attendees to the youngest at the event, her adorable new daughter Blake Savannah, just two months old.

Sanibel/Captiva Sea Turtle Update

SCCF photo

The 2021 island sea turtle season is finishing up. Nesting ended September 30 and nearly all nests have hatched. This year, there were 931 nests on the islands. That number ties the record set last year. So far, 46,726 hatchlings have made it to the Gulf with just a few nests still incubating.

SCCF’s (Sanibel & Captiva Conservation Foundation) team of 100 trained and experienced volunteers survey the 18 miles of island beach (from Sanibel Lighthouse to Blind Pass). Each week from April 15 through October, they start their surveys around 6:30 a.m. and walk their assigned stretch of beach (approximately one mile) to look for tracks that the sea turtle left behind the previous night. Becoming a sea turtle volunteer requires committing for the entire nesting season and completing training in early April. For more info, go to http://www.sccf.org/our-work/sea-turtles.

Matzaluna Restaurant

Island restaurant news is always big news. This week on their Facebook page, Matzaluna posted: “So the rumors are true. After 26 wonderful years, we are closing shop and leasing the premises to another group. Will be business as usual until mid-November. Stop by, see the crew and get your fill of our Italian specialties and wood-fired pizza.”

According to the gossip mill at the Realtor® event Wednesday, I heard that 400 Rabbits owners are opening a restaurant at the Matzaluna location. Also, that their owners (from Paper Fig Kitchen) in addition to opening their 2nd take out at The Fig East End also are opening a new restaurant at the former site of Il Tesoro on Tarpon Bay Rd. Scheduled to open mid-November, the new one will feature a Pan Asian Kitchen and be called “Bamboo”. Stay tuned for more restaurant news.

Reopenings & Upcoming Events

Sanibel Historical Museum & Village Reopening – Both the museum and village are reopening next week for season on October 19. The museum will be open from 10 a.m. to 4 p.m. Tuesdays through Saturdays, with masks required inside the buildings. Their new pavilion also is scheduled to open in December. Full guided tours will be available only if reserved in advance for groups of no more than six and depending on docent availability. Upcoming season highlights include two Twilight Talks (March 15 and April 5) and their annual gala fundraiser which this year will be a movie premier at The Community House on Sanibel on February 22. More info at http://www.SanibelMuseum.org.

The Seahorse Social – School PTA Fundraiser – Tickets are on sale for the Sanibel School’s first large-scale fundraiser in over a year. The Seahorse Social is scheduled for October 22 from 6:30 to 10 p.m. at The Community House and will feature Spanish- and Latin-inspired food and drinks, live music by the Heat Latin Jazz Band, a performance by school Steel Drum Band, and live and silent auctions. To buy tickets, visit http://www.TheSanibelSchoolPTA.com.

29th Annual SCCF Tennis Tournament – To register for the upcoming annual Sanibel-Captiva Conservation Foundation (SCCF) tennis tournament on November 13 and 14 at Beachview Tennis Club, contact Club owner/pro Toni Halski at 239-472-9099.

Tween Waters 2021 Tree Lighting Celebration – Once fall arrives and pumpkins are out, Thanksgiving and Christmas are not far behind. If planing ahead, the Tween Waters 2021 Tree Light Celebration is Friday, November 26 at 4:30 p.m. This annual event is when their 30’ Christmas tree is lit and 200,000+ holiday lights start dancing in synchronicity at Tween Waters Island Resort & Spa on Captiva. The celebration includes holiday music, fireworks show on the beach, laser lights, and even real snow falling for palm trees. Though viewable by some public areas (like the beach and gulf), the resort itself has limited parking, open to guests of Sanibel Captiva Beach Resorts (which include Tween Waters, West Wind Inn Island Resort, Beachview Cottages, and Castaways Cottages) and those with dinner reservations at Old Captiva House and Crow’s Nest Bar & Grille. More info at http://www.tween-waters.com/tree-lighting-celebration.

Sanibel & Captiva Islands Multiple Listing Service Activity October 8-15, 2021

Sanibel

CONDOS

2 new listings: Pointe Santo #A21 2/2 $1.15M, Sand Pointe #111 2/2 $1.2M.

No price changes.

7 new sales: Sundial #F407 1/1 listed at $569K, Villa Sanibel #1D 2/2 listed at $799K, Villa Sanibel #3A 2/2 listed at $810K, Mariner Pointe #622 2/2.5 listed at $849K, Oceans Reach #4C1 2/2 listed at $899K, Sanibel Arms West #E3 2/2 listed at $965K, Nutmeg Village #109 2/2 listed at $1.299M.

No closed sales.

HOMES

4 new listings: 2138 Egret Cir 3/2 half-duplex $769K, 4619 Bowen Bayou Rd 3/2 $996K, 1665 Sabal Palm Dr 3/2 $2.25M, 2391 Wulfert Rd 4/5 $2.395M.

1 price change: 719 Durion Ct 3/2 now $995K.

1 new sale: 2030 Sunrise Cir 3/3 listed at $1.625M.

5 closed sales: 720 Elinor Way 3/2 $939.9K, 556 Sea Oats Dr 3/2 $995K, 5786 Sanibel-Captiva Rd 2/2 $1M, 4954 Joewood Dr 3/2 $1.599M, 4771 Tradewinds Dr 3/3 $2.99M.

LOTS

2 new listings: 0 Bowmans Beach Rd $145K, 5850 Sanibel-Captiva Rd 499K.

No price changes.

3 new sales: 1219 Par View Dr listed at $449K, Rue Bayou lot 17 listed at $699K, 3938 West Gulf Dr listed at $899K.

2 closed sales: 1272 Par View Dr $449K, 2133 Starfish Ln $475K.

Captiva

CONDOS

No new listings

1 price change: Beach Homes #2 3/3 now $3.395M.

1 new sale: Lands End Village #1649 2/2 listed at $1.395M.

No closed sales.

HOMES

No new listings or price changes.

1 new sale: 11530 Paige Ct 4/4.2 listed at $4.799M.

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.

Below is our ad from the “Island Sun” this week.

Enjoy your weekend & next week too!

See ya next Friday, Susan Andrews aka SanibelSusan