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Sanibel Luxury Real Estate Analysis

Sanibel, Florida is a luxury real estate market located on the southwest coast of Florida in Lee County. With its sandy beaches and tropical climate, Sanibel is an ideal location for those looking to escape the hustle and bustle of city life. The island has a population of 9,000 residents and attracts over 2 million visitors annually. This is mainly due to the island's unique ecosystem that features hundreds of bird species, including migratory birds and endangered species like roseate spoonbills and wood storks. The preserve also houses one of the largest nesting sites for loggerhead sea turtles in North America. This makes Sanibel a prime location for eco-tourism and wildlife photography. It's known for its beautiful beaches as well as its wildlife preserves, where you can see everything from alligators to birds to sea turtles. It's also famous for having some of the best real estate in the world from luxury homes to quaint beach cottages.

Many people visit Sanibel every year, but fewer than 10% of all visitors actually choose to stay there permanently due to its limited housing stock and high cost of living relative to other parts of Florida. A little competition exists in the Sanibel housing market. In Sanibel, the average sale price of a home last month was $962K, an increase of 1.3% from the previous year. Sanibel's average sale price per square foot is $716, an increase of 6.2% from the previous year. In terms of investment opportunities, condominiums have been performing well since their launch last year; however single-family homes are still struggling due to low demand among potential buyers and high interest rates from lenders due to concerns over default rates by borrowers who already have mortgages on other properties. Sanibel real estate sales in August 2022 went for a median price of $1.3M, a 42.0% increase over the same month the previous year. 

In Sanibel, properties typically sell after 33 days on the market as opposed to 8 days the year before. 38% of Sanibel homebuyers between July and September of this year sought to leave Sanibel, while 62% sought to remain in the metropolitan area. The location is a favorite of both buyers and sellers due to its natural beauty and accessibility to marine life. Sanibel has been ranked by many publications as one of America's best islands. The residents are friendly and welcoming to visitors who come from all over the world to experience its unique beauty and charm. Luxury homes in Sanibel range from custom-built mansions on 3+ acres of land to elegant estates in gated communities with private pools and tennis courts. You'll find luxury condos for sale as well as waterfront homes for rent. With so many options available, it's easy to find exactly what you want at a price that suits your budget.

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Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
635 E Gulf DR Unit C201 2 2 2,018 $1,449,000 $718 3 days
635 E Gulf DR Unit C301 2 2 2,018 $1,595,000 $790 3 days
1250 Tennisplace CT Unit B22 2 1.5 688 $525,000 $763 3 days
1250 Tennisplace CT Unit A22 2 1.5 688 $495,000 $719 3 days
2230 Camino Del Mar DR Unit 1D3 2 2 940 $979,000 $1,041 10 days
1406 Causey CT 3 2.5 3,095 $1,229,000 $397 7 days
5750 Sanibel Captiva RD 3 2 2,015 $2,100,000 $1,042 11 days
1043 Blue Heron DR 3 3 2,700 $1,695,000 $627 14 days
4733 Rue Belle Mer 3 3 2,199 $1,695,000 $770 13 days
1073 Sand Castle RD 3 2 1,831 $1,247,007 $681 14 days
9439 Cotten CT 3 4.5 3,150 $1,579,000 $501 15 days
2929 W Gulf DR Unit 306 2 2 1,563 $1,999,000 $1,278 17 days
539 N Yachtsman DR 4 3.5 2,609 $1,795,000 $688 19 days
5438 Shearwater DR 3 3.5 2,460 $1,795,000 $729 19 days
592 Sea Oats DR 3 2 2,089 $1,750,000 $837 20 days
628 Lake Murex CIR 3 2.5 2,290 $1,597,000 $697 20 days
745 Cardium ST 2 2 1,380 $627,000 $454 21 days
3067 W Gulf DR Unit 203 2 2 1,175 $949,999 $808 24 days
827 E Gulf DR Unit F7 2 2 1,040 $1,049,000 $1,008 33 days
845 E Gulf DR Unit 1112 2 2 981 $1,200,000 $1,223 25 days
3627 W Gulf DR 5 4 3,788 $6,500,000 $1,715 27 days
2287 Starfish LN 4 4 4,146 $2,489,900 $600 31 days
1105 Sand Castle RD 3 2 1,852 $1,225,000 $661 30 days
2255 W Gulf DR Unit 110 1 1 827 $615,000 $743 31 days
3127 W Gulf DR Unit 106 3 3.5 2,642 $3,495,000 $1,322 31 days
9114 Mockingbird DR 3 2 1,623 $899,999 $554 32 days
1401 Middle Gulf DR Unit R305 2 2 1,451 $1,419,000 $977 34 days
1501 Middle Gulf DR Unit 108K 3 2 1,362 $1,395,000 $1,024 33 days
429 E Gulf DR Unit 9 AKA C49 1 1 600 $350,000 $583 33 days
1258 Sand Castle RD 3 2 1,704 $735,000 $431 34 days
586 Boulder DR 3 2 1,306 $625,000 $478 34 days
2319 Wulfert RD 4 4.5 3,403 $3,247,000 $954 42 days
9421 Moonlight DR 3 2 2,453 $1,158,000 $472 38 days
6111 Sanibel Captiva RD 6 7.5 11,068 $44,880,000 $4,054 51 days
2486 Wulfert RD N/A N/A N/A $349,000 Unknown 41 days
534 Piedmont RD 3 2.5 1,377 $798,900 $580 41 days
724 Donax ST Unit 10 2 2 902 $550,000 $609 47 days
2525 Lands End PL 4 3 2,936 $2,000,000 $681 48 days
2105 Sunset CIR 3 2 1,449 $995,000 $686 79 days
9448 Begonia CT 3 2.5 2,242 $1,095,000 $488 49 days
592 Lighthouse WAY 3 2 2,305 $6,835,000 $2,965 49 days
567 Rabbit RD 2 2 1,200 $875,000 $729 49 days
5789 Baltusrol CT Unit 302 2 2 1,356 $815,000 $601 51 days
1524 Wilton LN 3 2 1,462 $899,000 $614 51 days
1846 Farm TRL 3 2 1,536 $899,000 $585 51 days
1610 Middle Gulf DR Unit E-4 2 2 1,200 $649,000 $540 52 days
827 E Gulf DR Unit I7 2 2 967 $789,000 $815 53 days
610 Donax ST Unit 311 N/A N/A N/A $1,999,999 Unknown 64 days
2255 TROON CT 4 6.5 6,383 $2,575,000 $403 58 days
255 Periwinkle WAY Unit 5D 2 2 966 $1,089,000 $1,127 55 days
Average: 2.8 2.5 2,030 $1,773,775 $800 172 days
Viewing 1 - 50 of 261
Viewing 1 - 50 of 261
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
805 E Gulf DR Unit C-1 2 2 902 $349,900 $387 3 days
979 E Gulf DR Unit D401 2 2 1,184 $885,000 $747 14 days
547 Chert CT 3 2.5 1,790 $899,000 $502 61 days
1155 Seagrape LN 4 2 1,628 $1,175,000 $721 19 days
651 E Gulf DR Unit 111 3 2 1,542 $1,575,000 $1,021 24 days
490 + 460 Old Trail RD 3 2.5 1,627 $650,000 $399 26 days
1801 Olde Middle Gulf DR N/A N/A N/A $6,999,000 Unknown 74 days
1757 Windward WAY N/A N/A N/A $369,000 Unknown 66 days
4573 Bowen Bayou RD 3 2 2,470 $1,384,000 $560 88 days
1402 Middle Gulf DR 3 3 2,031 $1,545,000 $760 93 days
1501 Middle Gulf DR Unit D401 2 2 1,416 $1,175,000 $829 93 days
5305 Ladyfinger Lake RD 3 2 1,932 $995,000 $515 127 days
4731 Rue Belle Mer 5 5.5 5,812 $7,995,000 $1,375 140 days
1341 Middle Gulf DR Unit 15B 2 2 1,400 $1,100,000 $785 136 days
938 Pecten CT 3 2.5 2,393 $1,595,000 $666 137 days
6425 Pine AVE 4 3 2,610 $1,685,000 $645 131 days
1196 Sand Castle RD 2 2 1,461 $750,000 $513 172 days
1500 Angel DR 4 3.5 3,339 $3,500,000 $1,048 165 days
3343 Saint Kilda RD 3 2 1,698 $1,087,000 $640 187 days
1220 Par View DR 3 2 2,108 $1,375,000 $652 257 days
1011 S Yachtsman DR 5 2.5 2,811 $1,150,000 $409 411 days
2835 W Gulf DR Unit 4 3 2.5 2,620 $2,550,000 $973 400 days
4657 Rue Belle Mer N/A N/A N/A $3,300,000 Unknown 497 days
1454 Sandpiper CIR 4 3 1,552 $699,999 $451 343 days
Average: 3.1 2.5 2,110 $1,866,162 $695 127 days
Viewing 1 - 24 of 24
Viewing 1 - 24 of 24
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
199 Southwinds DR 3 3 1,446 $799,000 $700,000 $484 248 days 7/19/24
1340 Middle Gulf DR Unit 9B 2 2 1,150 $599,900 $550,000 $478 157 days 7/18/24
1919 Olde Middle Gulf DR Unit 504 2 2 1,071 $995,000 $940,000 $877 523 days 7/15/24
5414 Osprey CT 3 3 2,544 $1,387,000 $1,257,000 $494 107 days 7/12/24
3215 W Gulf DR Unit B101 3 2.5 2,023 $1,895,000 $1,725,000 $852 168 days 7/10/24
6090 Dinkins Lake RD 3 3.5 2,646 $1,295,000 $1,125,000 $425 125 days 7/9/24
450 Sea Walk CT 4 3.5 3,500 $2,695,000 $2,100,000 $600 51 days 7/8/24
3708 Agate CT 3 3.5 1,915 $1,370,000 $1,300,000 $678 173 days 7/3/24
748 Donax ST 2 2 1,380 $599,000 $599,000 $434 14 days 7/1/24
1501 Middle Gulf DR Unit E110 2 2 1,208 $1,095,000 $1,000,000 $827 148 days 7/1/24
4340 W Gulf DR 5 3.5 4,898 $1,850,000 $1,700,000 $347 142 days 6/28/24
9428 Moonlight DR 3 2 1,584 $849,000 $795,000 $501 59 days 6/27/24
5048 Joewood DR 4 3.5 2,848 $2,550,000 $2,350,000 $825 111 days 6/27/24
1341 Middle Gulf DR Unit 12C 2 2 1,460 $600,000 $525,000 $359 113 days 6/26/24
2505 Lands End PL N/A N/A N/A $1,200,000 $1,200,000 Unknown 0 days 6/24/24
931 S Yachtsman DR 4 3.5 2,616 $948,000 $948,000 $362 188 days 6/24/24
0 Bowman Beach Rd Lot #27 N/A N/A N/A $175,000 $175,000 Unknown 107 days 6/21/24
1341 Middle Gulf DR Unit 3C 2 2 1,150 $699,000 $640,000 $556 184 days 6/21/24
1025 S Yachtsman DR 4 3 2,763 $2,825,000 $2,750,000 $995 95 days 6/20/24
3990 Coquina DR 3 2 1,924 $950,000 $995,000 $517 247 days 6/19/24
0 Bowman Beach Road Lot #25 N/A N/A N/A $145,000 $145,000 Unknown 199 days 6/18/24
5827 Pine Tree DR 3 2 1,850 $1,150,000 $1,000,000 $540 28 days 6/14/24
3025 Poinciana CIR 3 2 1,564 $849,000 $750,000 $479 145 days 6/14/24
228 Violet DR 3 3.5 3,883 $2,500,000 $2,400,000 $618 191 days 6/14/24
1720 Dixie Beach BLVD 3 3 2,107 $1,549,000 $1,467,000 $696 147 days 6/13/24
1318 Seaspray LN 5 3.5 3,676 $2,495,000 $2,150,000 $584 175 days 6/11/24
1784 Bunting LN 3 2 1,399 $850,000 $700,000 $500 128 days 6/10/24
235 Daniel DR 3 3 2,296 $1,495,000 $1,343,750 $585 88 days 6/7/24
1610 Middle Gulf DR Unit C6 2 2 937 $439,000 $385,000 $410 86 days 6/7/24
560 Piedmont RD 3 2 1,144 $639,000 $600,000 $524 207 days 6/6/24
753 Nerita ST 3 2.5 1,239 $1,050,000 $990,000 $799 66 days 5/31/24
6217 Starling WAY N/A N/A N/A $1,650,000 $1,500,000 Unknown 218 days 5/31/24
6424 Pine AVE 2 2 1,498 $1,450,000 $1,350,000 $901 69 days 5/30/24
930 Strangler Fig LN 5 3.5 3,150 $1,395,000 $1,300,000 $412 116 days 5/30/24
1246 Fulgur ST Unit 605 2 2 1,200 $875,000 $820,000 $683 53 days 5/29/24
845 E Gulf DR Unit 721 3 2 1,300 $1,300,000 $1,125,000 $865 108 days 5/29/24
1511 Angel DR 4 3 2,598 $2,199,000 $2,000,000 $769 122 days 5/29/24
9470 Balsa CT 3 2 2,661 $1,050,000 $995,000 $373 55 days 5/28/24
1113 Sand Castle RD 3 2 1,966 $749,000 $700,000 $356 150 days 5/28/24
863 Rabbit RD 3 2 1,350 $678,500 $652,000 $482 118 days 5/24/24
545 Rabbit RD 2 2 1,848 $1,359,000 $1,259,000 $681 54 days 5/23/24
396 Lake Murex BLVD 3 2 1,768 $1,100,000 $1,000,000 $565 76 days 5/23/24
900 Almas CT 4 4.5 3,381 $2,150,000 $2,025,000 $598 216 days 5/23/24
2005 Mitzi LN 2 2 1,553 $794,500 $760,000 $489 82 days 5/22/24
9020 Mockingbird DR 3 2 2,335 $1,595,000 $1,495,000 $640 77 days 5/21/24
1376 Sand Castle RD 3 2 1,364 $979,000 $970,000 $711 33 days 5/17/24
1250 Tennisplace CT Unit C34 2 1.5 688 $499,000 $480,000 $697 79 days 5/17/24
1306 Par View DR 3 3.5 2,397 $1,390,000 $1,300,000 $542 170 days 5/16/24
4179 Dingman DR 4 4 3,632 $1,999,000 $1,825,000 $502 148 days 5/15/24
6141 Henderson RD 3 3 1,702 $989,000 $929,000 $545 144 days 5/15/24
Average: 2.9 2.4 2,023 $1,343,013 $1,234,115 $600 104 days
Viewing 1 - 50 of 179
Viewing 1 - 50 of 179

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than this company are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available through the BR Program. The information provided is for consumers’ personal, non-commercial use and may not be used for any other purpose.