HOT HOT Real Estate & Other Island Scoop

SanibelSusan reporting another nice week for The SanibelSusan Team with terrific weather too – bright blue skies, no rain (saving that for this weekend), and lower temperatures. Fall weather in Florida certainly differs from that in my home state of Maine, but is especially nice, particularly this week.

Here in the office, our gulf-front listing at Sanibel Arms closed Tuesday, we completed some action items with other closings, and another big bulk postcard mailing went out advertising our new Lindgren Blvd canal-front listing.

Though there was no island Association of Realtors® Caravan meeting this week, this morning I attended a Brokers’ Roundtable where Association Officers and Board Members received input from local company leaders on two issues: “Coming Soon” listings and recent delays in Sanibel’s permitting process and Planning Department.

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

First a summary of the island residential inventory today (also from the Sanibel/Captiva MLS). Note that sales this year are in record numbers. It is the first time in my 30 years here that more properties have sold in nine months than in any other year (counting all 12 months). The first table shows both islands, followed by the individual island details. Included are units for sale today, those under contract, those sold/closed through today, total sales in all of 2020, total sales in all of 2005 (the most recent high sales year).  Note: Residential properties include condos, homes (single-family & half-duplex), and vacant lots.

 

 

Status

SANIBEL & CAPTIVA
All residential properties
# Avg $
For sale 82 1,939,593
Under contract 59 1,460,247
Sold 2021 to 10/8 679 1,160,251
Sold 2020 578 959,903
Year Most Sold 2005 636 923,976

 

 

 

Status

SANIBEL CAPTIVA
Condos Homes Lots Condos Homes Lots
# Avg $ # Avg $ # Avg $ # Avg $ # Avg $ # Avg $
For sale 25 917,565 25 2,518,139 21 704,238 3 1,496,666 8 6,734,375 0 N/A
Under contract 13 751,100 30 1,592,948 5 476,376 7 1,846,571 4 3,323,499 0 N/A
Sold 2021 to 10/8 238 862,475 295 1,327,359 62 734,346 48 1,118,977 34 2,524,434 2 2,950,000
Sold 2020 192 733,876 290 954,718 23 606,233 47 821,713 27 2,923,148 4 2,537,500
Yr Most Sold 2005 232 758,507 260 1,028,584 68 496,726 45 863,642 31 2,309,758 0 N/A

South Seas Island Resort Sells for $50.38 Million

South Seas Island Resort on the northern tip of Captiva Island recently sold for $50.38 million. The Timbers Company, Wheelock Street Capital and the Ronto Group teamed together to purchase the property from BRE/South Seas Resort Owner LLC, which is part of Blackstone investment management company. Blackstone had purchased the resort in 2006 for $23.4 million.

The 330-acre South Seas resort takes up about a third of the northern tip of Captiva. With over 430 units ranging from hotel guestrooms and suites, to condos, homes and cottages, there are ~20 swimming pools, a pool complex, beachfront golf, tennis, a full-service spa, and restaurants.

The new owner efforts begin with property spruce-ups including painting and landscaping. Over the next six months, the workforce that has been living on the property will be relocated to off-island housing. The new owners are expected to eventually tear down and redevelop the existing workforce housing. Resort workforce also is projected to grow by about 20% from the current number of about 220 employees.

Southwest Florida International Airport (RSW) Terminal Expansion Project Begins

A recent news release from Lee County Port Authority announced that the Lee County Board of Port Commissioners authorized the construction and total budget for the Terminal Expansion Project at RSW. The $331-million project focuses on improving the airport’s efficiency by consolidating and streamlining security checkpoints, adding concession space, and providing passengers more amenities and options.

The project begins this month and construction is planned for three years. This expansion is the second largest public works project in Lee County history, only surpassed by the airport Midfield Terminal Complex construction completed in 2005.

Plans for the project include consolidating the Transportation Security Administration checkpoints into a new 16-lane configuration and providing additional seating, concession spaces and a business lounge. In total, more than 164,000 sq. ft. of space will be remodeled, and 117,000 sq. ft. of new walkways and concession space added.

RSW is an award-winning medium-hub airport that served nearly 6 million passengers in 2020 and had record-breaking traffic this summer. For more info, visit httP://www.flyclcpa.com/RSWTerminalExpansion.

Lee County COVID-19 Update

Posted on-line today: “A statement from Lee Health President & CEO Dr. Larry Antonucci on current COVID-19 trends: “For the first time since July 16, Lee Health is treating fewer than 100 COVID-19 patients in our hospitals, down from a peak of 690 on August 25. The previous peak was 372 in July of 2020….”

Protect Yourself from Wire Fraud

Florida Realtor® October magazine had some advice about protecting yourself from wire fraud. As it mentions, “Criminals comb through sites looking for pending property sales. Once identified they will find contact information for the parties involved in the transaction. It is easy to do through public websites and online searches. Then, they hack into an agent or title company email system, monitor communications, and when the time is right, send a fraudulent email that looks like it’s from a trusted advisor. That email will offer falsified wire transfer instructions to steal mortgage payoff funds, a down payment or closing costs.

“How Can You Avoid Being a Victim?

“1. Be Skeptical – Beware of any changes in wiring instructions like those that have you wire money to a company that is not the same name as the title company you’re using.

“2. Ask for Phone Calls – Ask for all wire transfer instructions to be delivered to you via phone with the number listed on the title company’s website. If you receive an email that details changes in the wire transfer instructions and that email contains a phone number, don’t call it.

“3. Verify All Communications – Call the title company immediately after you send any funds via wire transfer to verify it right away. This check-in will give you the confirmation that you sent the funds to the appropriate account and the confidence and peace of mind that the transaction wasn’t real estate fraud.

“4. Confirm the Details – Ask your bank to confirm the account number as well as the name listed on the account before sending a wire transfer.

5. Lean to Spot a Fraudulent Email – There are telltale signs that an email is a fraud. Look for misspellings, poor grammar and mistakes in the content. Many times, the property address is spelled incorrectly, dollar figures are missing dollar signs, and the return email address doesn’t match, or the company name is spelled incorrectly.

“If you are a victim of a wire fraud crime in Florida, call the Attorney General’s Fraud Hotline at (866) 966-7226. You also should file a complaint with the FBI. FBI Field Office locations are listed at fbi.gov/contact-us/field-offices.”

Seller Property Disclosure

Good reminder in the October 2021 issue of “Florida Realtor®” magazine under the column “Advice from the Florida Realtors® Legal Hotline:

“Question: I represent an investor who is selling a home. He tells me that since he’s never lived in the property, he isn’t required to provide the buyer with a seller property disclosure statement. Is this true?

“Yes and no. A seller isn’t required to fill out a seller’s disclosure statement regardless of whether the seller occupied the property or not. However, pursuant to the Florida Supreme Court case Johnson vs. Davis, a seller is required to disclose know facts that materially affect the value of the property that are not known and readily observable to the buyer. That disclosure requirement exists whether the seller occupied the property or not.”

Sanibel & Captiva Islands Multiple Listing Service Activity October 1-8, 2021

Sanibel

CONDOS

6 new listings: Spanish Cay #F8 2/2 $479K, Villa Sanibel #1D 2/2 $799K, Oceans Reach #4C1 2/2 $899K, Nutmeg Village #109 2/2 $1.299M, Tarpon Beach #110 2/2 $1.4999M, Pointe Santo #E37 3/3 $1.699M.

No price changes.

2 new sales: Sundial #D304 1/1 listed at $579K, Sandpiper Beach #404 2/2 $929K.

4 closed sales: Captains Walk #B5 2/1 $390K, Beach Road Villas #101 2/2 $515K, Sanibel Arms #F3 1/1 $605K (our listing), Gulf Beach #207 2/2 $1.085M.

HOMES

2 new listings: 696 Sea Oats Dr 3/2 $868K, 4239 Gulf Pines Dr 3/2 $949K.

No price changes.

5 new sales: 2539 Coconut Dr 2/2 $1.1M, 4221 Old banyan Way 3/2 $1.279M, 941 Kings Crown Dr 4/3 $1.35M, 5880 Sanibel-Captiva Rd 3/2 $1.35M, 547 N. Yachtsman Dr 4/3 $1.399M.

5 closed sales: 754 Donax St 4/2 duplex $599K, 4760 Rue Helene 3/2 $1.35M, 528 Kinzie Island Ct 4/4 $1.88M, 5379 Shearwater Dr 4/3 $2.1M, 4601 Rue Belle Mer 3/2 $3.5M.

LOTS

1 new listing: 4767 Tradewinds Dr $2.395M.

1 price change: 845 Pyrula Ave now $500K.

1 new sale: Rue Bayou, lot 17 listed at $699K.

1 closed sale: 5398 Osprey Ct $280K.

Captiva

CONDOS

No new listings or price changes.

1 new sale: Beach Villas #2626 1/1 listed at $684K.

No closed sales.

HOMES

No new listings.

1 price change: 15261 Captiva Dr 4/4.5 now $10.995M.

No new or closed sales.

LOTS

Nothing to report.

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

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

Until next Friday, Susan Andrews, aka SanibelSusan

Fall Weather Is Here – on Sunny Sanibel

Sanibelsusan Logo

 

 

Yippee, SanibelSusan is happy to report that fall weather really has arrived on Sanibel and Captiva Islands. The high yesterday was only in the low 70’s. Temperatures from now through Thanksgiving are forecast to be in the 60’s at night, topping out in the mid- to high-70’s during the days – perfect weather for the holiday and enjoying the islands.

SanibelSusan Realty Associates

We had another flurry of office activity this week – more listings opened for showing, more open houses, more inquiries. Most years, real estate sales are slow during the holidays – from Thanksgiving until the 1st week in January. Maybe this year will be the different. The island already is filling up with Thanksgiving week visitors and vacationers.

Sanibel & Captiva Islands Association of Realtors®

San Cap LogoYesterday was the Association’s November general membership meeting, held following an 8 a.m. breakfast at The Sanctuary Clubhouse. Sponsor was Simmons Law Firm. Speaker was Rae Ann Wessel, Sanibel-Captiva Conservation Foundation (SCCF) Natural Resource Policy Director.

These breakfast meetings always have a big turn-out and yesterday was no exception. President Joel Goodman announced that the “Fall Into Christmas” fundraiser for Friends Who Care was a big success. By the end of the meeting, additional cash donations for that charity had jumped to almost $3,800.

With “season” here, many new listings were announced, not many sales, but 19 properties were open for the morning caravan that followed the meeting. I viewed a stunning one overlooking Clam Bayou with amazing water and sunset views. (If you are here “in season”, you can usually plan on seeing new listings open Thursday mornings from 9 a.m. until noon. Because of increased winter traffic, the schedule rotates from east-end to west end. With Thanksgiving being next week, the next event is Nov 30 – east end when our new listings on Anchor Drive and at Mariner Pointe will be open.

The activity posted in the Sanibel/Captiva Multiple Listing Service since last Friday follows a few news items below.

Sanctuary Scoop

sanctuary golf club logoSanctuary Club General Manager & COO, Ken Kouril gave attendees an update on membership. As he said, “if you build it, they will come”.

The Sanctuary is a member-owned club, offering a golf course, racquet sports, fitness, wellness, and an elegant clubhouse with dining and social activities. Club members need not be residents of The Sanctuary neighborhood. Ken advised that last “season” they expected to sell 20 memberships, but sold 32. This year, just two months into season another 17 are gone. It’s definitely a popular spot!

Their premiere offering, the Equity Membership privileges include access to all Club facilities (which were refreshed, remodeled, and renovated summer 2016), a par-72 Championship Arthur Hills-designed golf course, driving range, short game area, putting green, chipping area, golf lessons, priority tee times, and tournament play, a 50,000-sq.ft. clubhouse, world-class dining, four Har Tru tennis courts, four Pickleball courts, and a 5,000-sq.ft. Wellness Center with a sports pool. The Wellness Center includes an 1,800-sq.ft. equipment room housing state-of-the-art cardio and strength training equipment, a dedicated stretching room, a 900-sq.ft. group exercise room for Pilates, yoga, and similar activities, comfortable well-appointed rooms for massage therapy, and a locker room area. Equity members have voting and redemption rights and hold an Equity position in the Club.

SCCF & Water Quality Update

SCCF logoRae Ann’s slide presentation included a progress report of the status of the EAA (Everglades Agricultural Area) reservoir which works with the CEP (Central Everglades Project). The project was approved by voters in 2000, but now 17 years later, it still has not been built. She noted an earlier FloridaRealtors® study on how water quality affects real estate values, not just within the Caloosahatchee Estuary area, but also inland.

The huge amount of water Florida received this summer, mostly thanks to Hurricane Irma, surpassed all records since those first recorded in 1947. The dark excess freshwater observed near the mouth of the Caloosahatchee River, particularly in the bay, resulting from Irma, illustrates how badly alternative outlets and additional water storage areas are needed.

Here’s a little history about Lake Okeechobee and its surrounding dike (thanks to Wikipedia): In the 1910’s the Herbert Hoover Dike was constructed around Lake O. Originally, it was just a small earthen dike. The containment was breached by a storm surge from the Great Miami Hurricane in 1926 and the 1928 Okeechobee Hurricane, killing thousands. After those disasters, Florida State Legislation created the Okeechobee Flood Control District which was authorized to cooperate with the U.S. Army Corps of Engineers in flood control.

After a personal inspection by President Herbert Hoover, the Corps drafted a new plan which provided for the construction of floodway channels, control gates, and major levees along Lake Okeechobee’s shores. A long-term system was designed for flood control, water conservation, prevention of saltwater intrusion, and preservation of fish and wildlife.

In the 1930’s a larger system of levees was built around the lake. Following heavy rain and flooding from two hurricanes in 1947 (the last time as much rain hit Florida as this year), the dike again was expanded. That expansion in the 1960’s created the current Herbert Hoover Dike. The dike almost completely encloses the lake. The dike now is about 30 feet high on average, but is falling into disrepair.

As SCCF reports, progress is being made on Everglades restoration projects critical to opening the southern end of the Everglades to move water south. Passage of the bill to establish the EAA reservoir will work in tandem with these projects to add water storage capacity south of Lake O to feed needed water to the Everglades and Florida Bay currently dumped to the estuaries.

While the EAA Reservoir does not solve all the problems, it is a major step forward and initial planning for the project has begun. Committee work for the next Florida legislative session also already has begun with the session opening on January 9 (two months earlier than normal because of the upcoming election year). SCCF has a legislation tracker at http://www.sccf.org/our-work/natural-resource-policy/sccfs-2018-legislative-session-tracker. Please follow the legislation and whenever a “call to action” is requested, please act. We all need to stay involved in Florida’s water.

Upcoming Events

Thanksgiving 2017Annual Sanibel Thanksgiving Celebration – You-know-who is singing with the BIG ARTS Community Chorus. Hope to see you there. Sunday, Nov 19, at 6:45 p.m. at The Community House with music and song. Sanibel School’s Seahorse Chorale also is singing. Free admission, but please bring a donation for FISH of San-Cap.

Fit-4-Life 10-Year Celebration – Monday, Dec 4 from 3 to 5 p.m. at the Sanibel Rec Center, with music, dancing, photo booth, bounce house, drawings, facility tours, cupcakes, and video.

Holiday Tips from LCEC

Lcec logoFour important tips to keep your spirits bright!

  1. Before you plug in lights, check for frayed wires, damaged sockets, & insulation gaps. Toss & replace any that are damaged.
  2. Consider LED lights which are cooler & more energy efficient.
  3. Don’t overload outlets or extension cords.
  4. Turn off all lighting before leaving the property or going to bed.

Top 10 Airlines Serving Southwest Florida

logo-rswHere’s a little info about the top ten airlines serving Southwest Florida (from the Oct/Nov 2017 “Gulfshore Business” magazine). All of the airlines mentioned below fly out of Southwest Florida International Airport (RSW), except Allegiant (Punta Gorda Airport). Their number of passengers to Southwest Florida and their headquarters, follow their name.

  1. Delta, 1.9 million, Atlanta
  2. Southwest, 1.8 million, Dallas
  3. American, 1.23 million, Ft Worth, TX
  4. Allegiant, 992,990, Las Vegas
  5. JetBlue, 981,000, New York
  6. United, 725,000, Chicago
  7. Spirit, 600,000, Ft Lauderdale
  8. Frontier. 383,000, Denver
  9. Air Canada, 164,000, Montreal
  10. Sun Country, 132,000, Minneapolis

2018 Sanibel Beach Parking Permits Available Now

parking-on-sanibel

On Wed, the 2018 Sanibel Beach Parking Permits became available at the Sanibel Recreation Center. To qualify for one, bring a valid vehicle registration for each vehicle AND a valid government-issued identification. A driver’s license showing a Sanibel address or proof of Sanibel property ownership is required to buy a resident/property owner “A” sticker.

2018 Parking Permit Decals & Fees (permits valid through 11/30/2018) include:

“A” resident/property owner permit $12 (resident &/or Sanibel ad valorem taxpayer property owner

“B” non-resident permit $124 (non-Sanibel ad valorem taxpayer property owner)

“C” restricted permit $90 (resident & non-resident)

“A/C” resident/property owner permit $102

“B/C” non-resident permit $248

Decal transfer or reissue fee $3 (residential & restricted)

General parking meter rate $5 per hour or any fraction

General parking at $5 per hour or “C” permit required for parking at Gulfside City Park (Algier’s) & the Sanibel Boat Ramp

“A” permit parking only at Beach Access Lots 1 through 7 on West Gulf Dr.

More details on www.mySanibel.com. (The Rec Center is open Mon through Thur 6:30 a.m. to 8 p.m; Friday 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.

Rec Center memberships are available too – daily, weekly, semi-annual, and annual.

Sanibel & Captiva Multiple Listing Service Activity November 10-17, 2017

sancap GO MLS logoSanibel

CONDOS

7 new listings: Mariner Pointe #122 1/1 $410K, Mariner Pointe #533 2/2 $499K, Mariner Pointe #1061 2/2 $599.9K (our listing), Lighthouse Point #321 2/2 $699K, Pointe Santo #D6 2/2 $699.9K, Sand Pointe #111 2/2 $715K, High Tide #C201 2/2 $1.045M.

Lanai a

Mariner Pointe #1061 lanai

 

3 price changes: Breakers West #A5 2/2 now $498K, Compass Point #192 2/2 now $1.195M, Bandy Beach #A101 3/2 now $1.299M.

1 new sales: Sanibel Arms West #G8 2/2 listed at $499K.

1 closed sale: Tarpon Beach #A102 2/2 $730K.

HOMES

12 new listings: 1394 Middle Gulf Dr 3/2 half-duplex $524.9K, 1342 Junonia Sr 3/3 $699K, 3358 Saint Kilda Rd 3/3 $979K, 1195 Par View Dr 3/2.5 $1.095M, 205 Hurricane Ln 3/2 $1.195M, 478 Sea Oats Dr 3/3 $1.295M, 1277 Par View Dr 4/3.5 $1.299M, 534 N. Yachtsman Dr 3/2 $1.395M, 805 Sand Dollar Dr 4/3 $1.449M, 2984 Wulfert Rd 3/3 $1.9M, 6021 Sanibel-Captiva Rd 4/3/2 $2.75M, 5615 Baltusrol Ct 4/6/3 $3.695M.

9 price changes: 1040 Sand Castle Rd 3/2 now $578K, 5306 Umbrella Pool Rd 4/3 now $799K, 1114 Captains Walk St 3/3 now $949K, 2313 Wulfert Rd 3/3 now $995K, 932 Whelk Dr 3/3 now $1.249M, 2190 Starfish Ln 3/3 now $1.395M, 1525 San Carlos Bay Dr 3/2 now $1.695M, 6192 Henderson Rd 4/4 now $1.949M, 4649 Rue Belle Mer 3/2.5 now $2.595M.

3 new sales: 545 Piedmont Rd 3/2 listed at $595.9K; 673 East Rocks Dr 3/2 listed at $688,888; 1312 Par View Dr 3/2 listed at $695K.

No closed sales:

LOTS

1 new listing: 4565 Bowen Bayou Rd $229,555.

No price changes, new sales, or closed sales.

Captiva

CONDOS

3 new listings: Captiva Shores #4B 3/2.5 $1.495M, Beach Homes #6 3/3 $2.499M, Sunset Captiva #302 4/3 $3.275M.

No price changes.

1 new sale: Beach Homes #7 2/2 listed at $1.795M.

No closed sales.

HOMES

1 new listing: 11506 Wightman Ln 3/3 $1.45M.

1 price change: 1121 Schefflera Ct 4/4.5 now $5.6M.

2 new sales: 11461 Old Lodge Ln 2/2 listed at $1.025M, 11500 Gore Ln 3/2 listed at $1.295M.

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.

Thanksgiving wordsHappy Thanksgiving!

Susan Andrews, aka SanibelSusan