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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
805 E Gulf DR Unit 2E 1 1 638 $399,000 $625 1 day
9428 Moonlight DR 3 2 1,584 $849,000 $535 2 days
1501 Middle Gulf DR Unit K303 2 2 1,208 $1,300,000 $1,076 2 days
1246 Fulgur ST Unit 103 2 2 1,030 $925,000 $898 3 days
9263 Dimmick DR 3 2 1,264 $799,000 $632 3 days
845 E Gulf DR Unit 741 2 2 912 $998,900 $1,095 4 days
906 Snowberry LN 4 4.5 3,683 $5,750,000 $1,561 4 days
979 E Gulf DR Unit 543 2 2 1,184 $985,000 $831 5 days
1223 Periwinkle WAY N/A N/A N/A $3,400,000 Unknown 6 days
1103 Schooner PL 4 3 3,000 $1,650,000 $550 6 days
760 Sextant DR Unit 1023 2 2 957 $599,000 $625 9 days
5435 Osprey CT 4 3.5 3,266 $2,800,000 $857 9 days
9126 Mockingbird DR 3 2 2,077 $859,999 $414 9 days
761 Limpet DR 3 2 1,538 $2,895,000 $1,882 9 days
805 E Gulf DR Unit D-2 1 1 638 $375,000 $587 9 days
1610 Middle Gulf DR Unit A8 2 2 939 $470,000 $500 11 days
1293 Par View DR 3 3 2,688 $1,549,000 $576 10 days
845 E Gulf DR Unit 1422 2 2 981 $875,000 $891 10 days
1550 Wilton LN E 3 2.5 3,076 $1,148,000 $373 20 days
3180 Twin Lakes LN 3 3 1,942 $1,210,000 $623 20 days
1272 Par View DR 3 3.5 2,428 $2,395,000 $986 17 days
4443 Waters Edge LN 4 2.5 2,800 $7,490,000 $2,675 17 days
519 Kinzie Island CT 4 3.5 3,018 $2,899,000 $960 18 days
2255 W Gulf DR Unit 140 1 1 827 $575,000 $695 19 days
5669 Baltusrol CT Unit 2A 2 2.5 2,348 $989,000 $421 19 days
9003 Mockingbird DR 5 4 2,432 $959,000 $394 19 days
9448 Begonia CT 3 3.5 2,242 $1,194,000 $532 26 days
880 Limpet DR 4 3.5 3,409 $3,500,000 $1,026 20 days
3205 Twin Lakes LN 3 2 1,825 $1,400,000 $767 40 days
2320 Wooster LN Unit 5 2 2.5 1,029 $579,000 $562 20 days
1501 Middle Gulf DR Unit C406 1 1 642 $699,000 $1,088 357 days
5675 Baltusrol CT Unit 3B 3 2.5 2,818 $1,398,000 $496 24 days
1084 S YACHTSMAN DR N/A N/A N/A $699,000 Unknown 22 days
6424 Pine AVE 2 2 1,498 $1,450,000 $967 23 days
845 E Gulf DR Unit 1411 1 1 612 $599,000 $978 23 days
653 Oliva ST 3 2 1,650 $915,000 $554 23 days
497 E Gulf DR Unit 4 2 2.5 1,469 $1,699,000 $1,156 23 days
Sanibel Captiva RD N/A N/A N/A $675,000 Unknown 24 days
1001 Lindgren BLVD 3 2 1,450 $1,200,000 $827 41 days
3015 W Gulf DR Unit 102 2 2 1,368 $1,200,000 $877 27 days
845 E Gulf DR Unit 611 2 2 981 $849,000 $865 25 days
1133 Schooner PL 5 2 N/A $1,200,000 Unknown 26 days
2474 Wulfert RD 4 5.5 4,662 $2,498,000 $535 27 days
610 Donax ST Unit 135 2 3 1,000 $1,150,000 $1,150 26 days
9470 Balsa CT 3 2 2,661 $1,050,000 $394 26 days
1245 Buttonwood LN 6 5 5,210 $10,000,000 $1,919 27 days
4405 W Gulf DR 6 6.5 10,183 $38,000,000 $3,731 65 days
5305 Ladyfinger Lake RD 3 2 1,932 $1,068,000 $552 39 days
1310 Par View DR 3 3 1,929 $1,649,000 $854 27 days
1044 Whisperwood WAY 4 4.5 4,273 $2,800,000 $655 27 days
Average: 3.0 2.7 2,208 $1,702,051 $776 136 days
Viewing 1 - 50 of 354
Viewing 1 - 50 of 354
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
657 Cardium ST 2 2 1,442 $515,000 $357 0 days
545 Rabbit RD 2 2 1,848 $1,359,000 $735 15 days
1139 Seagrape LN 3 2 1,495 $1,100,000 $735 19 days
1376 Sand Castle RD 3 2 1,364 $979,000 $717 17 days
1942 Roseate LN 2 2 1,056 $599,500 $567 32 days
711 Donax ST N/A N/A 3,744 $2,595,000 $693 37 days
396 Lake Murex BLVD 3 2 1,768 $1,100,000 $622 38 days
9020 Mockingbird DR 3 2 2,335 $1,595,000 $683 40 days
2005 Mitzi LN 2 2 1,553 $794,500 $511 44 days
1246 Fulgur ST Unit 605 2 2 1,200 $875,000 $729 44 days
4428 Waters Edge LN 3 2.5 2,288 $1,699,900 $742 49 days
235 Daniel DR 3 3 2,296 $1,495,000 $651 60 days
979 E Gulf DR Unit C324 2 2 1,184 $879,000 $742 12 days
1662 Dixie Beach BLVD 3 2.5 2,489 $2,249,000 $903 52 days
1501 Middle Gulf DR Unit D312 1 1 454 $498,000 $1,096 95 days
760 Sextant DR Unit 842 2 2 1,303 $679,000 $521 41 days
1481 Sand Castle RD 2 2 1,660 $679,000 $409 16 days
863 Rabbit RD 3 2 1,350 $678,500 $502 82 days
1658 Sabal Palm DR 3 2.5 1,624 $1,095,000 $674 86 days
1105 Skiff PL 3 2 1,714 $749,000 $436 70 days
932 Whelk DR 3 3 1,559 $1,150,000 $737 93 days
2166 Egret CIR 3 2 1,507 $799,000 $530 43 days
1610 Middle Gulf DR Unit C6 2 2 937 $439,000 $468 86 days
2933 Wulfert RD N/A N/A N/A $475,000 Unknown 102 days
440 E Gulf DR 3 2 1,867 $1,150,000 $615 107 days
1396 Sand Castle RD 3 2 1,947 $1,550,000 $796 75 days
931 S Yachtsman DR 4 3.5 2,616 $948,000 $362 117 days
696 Durion CT 3 2.5 2,138 $1,495,000 $699 102 days
1578 Sand Castle RD 3 2 1,702 $895,000 $525 125 days
1401 Middle Gulf DR Unit N-203 2 2 1,451 $995,000 $685 105 days
1039 Beach RD Unit 106 2 2 1,044 $589,000 $564 139 days
6141 Henderson RD 3 3 1,702 $989,000 $581 143 days
5775 Baltusrol CT Unit 101 2 2 1,356 $739,000 $544 142 days
1224 Kittiwake CIR 3 2 2,000 $850,000 $425 130 days
4269 Gulf Pines DR 2 2 1,424 $695,000 $488 139 days
3001 W Gulf DR Unit 5 3 3 2,893 $1,995,000 $689 150 days
5117 Sea Bell RD Unit C201 2 2 1,222 $599,000 $490 150 days
450 Sea Walk CT 4 3.5 3,500 $2,695,000 $770 160 days
5235 Indian CT 4 4 3,594 $2,348,000 $653 173 days
1321 Sand Castle RD 3 2.5 2,287 $1,325,000 $579 163 days
900 Almas CT 4 4.5 3,381 $2,150,000 $635 177 days
1219 Par View DR N/A N/A N/A $425,000 Unknown 195 days
1245 Periwinkle WAY N/A N/A N/A $3,500,000 Unknown 106 days
2835 W Gulf DR Unit 4 3 2.5 2,620 $2,550,000 $973 400 days
501 Lagoon DR 3 2 1,508 $1,228,000 $814 243 days
972 Fitzhugh ST N/A N/A N/A $295,000 Unknown 386 days
2230 Camino Del Mar DR Unit 4B4 1 1 700 $689,900 $985 400 days
979 E Gulf DR Unit 282 2 2 1,184 $844,000 $712 290 days
2445 W Gulf DR Unit A27 3 2 1,946 $1,795,000 $922 363 days
Average: 2.7 2.3 1,827 $1,192,046 $650 119 days
Viewing 1 - 49 of 49
Viewing 1 - 49 of 49
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
657 Rabbit RD 3 2 1,312 $779,000 $750,000 $571 22 days 4/12/24
969 Whelk DR 3 2.5 2,516 $1,495,000 $1,250,000 $496 134 days 4/12/24
1605 Middle Gulf DR Unit 204 2 2 1,802 $1,250,000 $1,000,000 $554 422 days 4/12/24
1377 Sand Castle RD 3 2 1,520 $699,000 $600,000 $394 322 days 4/12/24
1283 Isabel DR 3 2 3,130 $2,820,000 $2,500,000 $798 39 days 4/11/24
2871 Wulfert RD 4 4 4,232 $2,590,000 $2,240,000 $529 100 days 4/11/24
4171 Dingman DR 3 3 3,125 $1,299,000 $1,200,000 $384 76 days 4/10/24
3302 Twin Lakes LN 3 2.5 1,576 $1,244,000 $1,218,000 $772 266 days 4/10/24
4681 Rue Belle Mer 3 3.5 3,904 $4,700,000 $4,250,000 $1,088 141 days 4/9/24
1220 Junonia ST Unit B2 1 1 970 $529,000 $549,000 $565 62 days 4/8/24
5436 Shearwater DR 3 3.5 2,416 $2,250,000 $2,100,000 $869 63 days 4/8/24
5303 Umbrella Pool RD 3 2.5 2,256 $979,000 $979,000 $433 24 days 4/5/24
979 E Gulf DR Unit 181 2 2 1,184 $875,000 $775,000 $654 52 days 4/5/24
211 Southwinds DR 3 3 2,132 $1,095,000 $1,050,000 $492 12 days 4/5/24
1067 Sand Castle RD 4 2 1,843 $1,225,000 $1,225,000 $664 319 days 4/5/24
2066 Wild Lime DR 2 1 1,008 $699,900 $650,000 $644 134 days 4/4/24
1475 Sand Castle RD 3 3 2,065 $1,230,000 $1,065,000 $515 120 days 4/4/24
1769 Venus DR 3 2 2,394 $1,949,000 $1,925,000 $804 14 days 4/3/24
920 Almas CT 3 2.5 2,221 $1,595,000 $1,519,000 $683 13 days 4/3/24
3212 Twin Lakes LN 3 3 2,479 $1,300,000 $1,100,000 $443 27 days 4/3/24
737 Vinca WAY 3 2 1,710 $1,075,000 $1,000,000 $584 101 days 4/2/24
1239 Ferry RD Unit 2A 3 3 1,799 $1,250,000 $1,070,000 $594 222 days 4/2/24
840 Birdie View PT 3 2.5 2,676 $1,925,000 $1,850,000 $691 16 days 4/1/24
1605 Middle Gulf DR Unit 208 2 2 1,802 $1,250,000 $1,250,000 $693 45 days 3/28/24
5298 Umbrella Pool RD 3 2.5 2,377 $1,495,000 $1,362,500 $573 48 days 3/28/24
2265 W Gulf DR Unit 220A 2 2 1,195 $560,000 $540,000 $451 37 days 3/28/24
6460 Pine AVE 3 2 1,335 $1,250,000 $1,000,000 $749 301 days 3/28/24
1059 Buttonwood LN Unit E101 3 2 1,657 $1,050,000 $800,000 $482 98 days 3/28/24
998 Greenwood CT N 3 2.5 1,424 $705,000 $670,000 $470 140 days 3/28/24
1077 S Yachtsman DR 4 2 2,170 $1,000,000 $840,000 $387 341 days 3/27/24
4279 Gulf Pines DR 4 3 2,109 $1,249,000 $1,200,000 $568 34 days 3/26/24
198 Southwinds DR 3 2 1,632 $1,224,000 $1,190,000 $729 177 days 3/26/24
558 N Yachtsman DR 2 3 2,413 $1,999,000 $1,800,000 $745 79 days 3/25/24
2629 W Gulf DR Unit 2A 3 2 2,194 $1,095,000 $1,000,000 $455 51 days 3/22/24
707 Anchor DR 3 2.5 3,284 $2,990,000 $2,600,000 $791 82 days 3/21/24
1501 Middle Gulf DR Unit D309 1 1 651 $449,000 $425,000 $652 337 days 3/21/24
4415 Gulf Pines DR 3 3 2,568 $1,695,000 $1,675,000 $652 43 days 3/20/24
3312 Saint Kilda RD 3 2 1,786 $777,000 $680,000 $380 308 days 3/20/24
3902 Coquina DR 3 2 1,326 $539,000 $521,000 $392 27 days 3/18/24
478 Sea Oats DR 3 3 2,428 $1,099,000 $1,060,000 $436 5 days 3/15/24
2239 Starfish LN 3 3 2,572 $1,750,000 $1,650,000 $641 46 days 3/15/24
1341 Middle Gulf DR Unit 1A 2 2 1,460 $659,000 $570,000 $390 42 days 3/15/24
1448 Albatross RD 3 2 2,000 $849,000 $775,000 $387 103 days 3/15/24
848 Birdie View PT 4 3.5 4,776 $2,495,000 $2,342,500 $490 99 days 3/15/24
6129 Starling WAY 3 2.5 2,498 $1,598,000 $1,500,000 $600 309 days 3/15/24
2745 Wulfert RD 3 3.5 2,975 $1,558,000 $1,519,000 $510 0 days 3/12/24
1501 Middle Gulf DR Unit G206 1 1 728 $599,900 $575,000 $789 348 days 3/12/24
1617 Sand Castle RD 3 3 1,829 $665,000 $640,000 $349 42 days 3/8/24
2737 W Gulf DR Unit 116 2 2 1,007 $899,900 $860,000 $854 193 days 3/8/24
1246 Fulgur ST Unit 402 2 2 1,030 $789,900 $769,900 $747 46 days 3/7/24
Average: 2.8 2.4 2,024 $1,481,851 $1,371,690 $626 92 days
Viewing 1 - 50 of 110
Viewing 1 - 50 of 110

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.