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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
526 N Yachtsman Drive 3 2 1,601 $1,650,000 $1,030 0 days
1429 Jamaica Drive 4 3 2,270 $859,000 $378 0 days
596 Boulder Drive 3 2 1,876 $685,000 $365 3 days
1800 Woodring Road 4 5 3,873 $7,750,000 $2,001 4 days
1399 Albatross Road 3 2 1,884 $800,000 $424 6 days
1524 Wilton Lane 3 2 1,462 $999,000 $683 6 days
9438 Moonlight Drive 3 2 1,556 $749,000 $481 6 days
2230 Camino Del Mar Drive Unit 4B1 1 1 700 $480,000 $685 7 days
4565 Bowen Bayou Road 3 2 1,604 $1,259,000 $784 7 days
2959 W Gulf Drive Unit 304 3 4 2,850 $2,490,000 $873 8 days
2929 W Gulf Drive Unit 104 2 2 1,846 $2,000,000 $1,083 10 days
5151 Sanibel Captiva Rd 2 2 1,067 $650,000 $609 10 days
750 Sand Dollar Drive 3 2 1,506 $1,389,000 $922 10 days
2643 Coconut Drive 3 2 1,831 $1,795,000 $980 12 days
760 Sextant Drive Unit 533 2 3 1,534 $699,000 $455 12 days
4697 Rue Belle Mer 4 5 4,030 $5,250,000 $1,302 12 days
215 Robinwood Circle 4 3 2,245 $1,498,000 $667 14 days
486 Lake Murex Circle 3 2 1,554 $749,000 $481 14 days
520 Tarpon Bay Road N/A N/A N/A $1,195,000 Unknown 14 days
809 Pyrula Avenue N/A N/A N/A $699,000 Unknown 14 days
4020 W Gulf Drive 2 2 2,656 $1,900,000 $715 15 days
1757 Windward Way 2 2 1,584 $699,000 $441 19 days
440 E Gulf Drive 3 2 1,867 $1,495,000 $800 24 days
2611 W Gulf Drive Unit B101 3 2 1,725 $1,200,000 $695 24 days
1565 Bunting Lane 3 2 2,213 $950,000 $429 24 days
4427 Gulf Pines Drive 2 3 2,224 $595,000 $267 27 days
435 Bella Vista E Way 3 3 3,138 $5,395,000 $1,719 31 days
1748 Jewel Box Drive 4 4 2,732 $1,495,000 $547 32 days
2619 Wulfert Road Unit 1 2 3 2,348 $1,150,000 $489 38 days
2729 Wulfert Road 4 5 4,944 $1,998,000 $404 40 days
747 Birdie View Point 3 3 2,069 $1,100,000 $531 66 days
601 Periwinkle Way Unit C6 1 1 638 $399,000 $625 67 days
1986 Wild Lime Drive 3 2 1,531 $975,000 $636 80 days
200 Periwinkle Way Unit 232 3 2 1,578 $1,095,000 $693 82 days
487 E Gulf Drive 3 4 2,288 $3,149,000 $1,376 82 days
466 Sea Oats Drive 4 4 3,676 $2,339,000 $636 90 days
2133 Starfish W Lane N/A N/A N/A $899,000 Unknown 91 days
950 Victoria Way 4 4 2,900 $2,695,000 $929 100 days
561 Periwinkle Way Unit F3 2 2 850 $620,000 $729 101 days
247 & 255 Robinwood Cir N/A N/A N/A $850,000 Unknown 110 days
2562 Coconut Drive N/A N/A N/A $675,000 Unknown 114 days
1543 San Carlos Bay Drive 4 4 3,716 $1,995,000 $536 132 days
2320 Wooster Lane Unit 3 2 3 1,017 $699,000 $687 136 days
2969 Wulfert Road 6 8 5,954 $3,695,000 $620 136 days
6136 Henderson Road 3 2 1,274 $1,300,000 $1,020 138 days
1191 Bird Lane 5 5 5,267 $11,250,000 $2,135 139 days
641 Periwinkle Way Unit A6 1 1 638 $449,000 $703 139 days
9020 Mockingbird Drive 3 2 2,335 $1,795,000 $768 145 days
1283 Par View Drive 2 2 1,401 $1,149,000 $820 150 days
475 Peachtree Rd N/A N/A N/A $170,000 Unknown 150 days
Average: 2.9 2.7 2,141 $1,837,671 $781 103 days
Viewing 1 - 50 of 73
Viewing 1 - 50 of 73
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
954 Sand Castle Road 3 3 2,543 $739,000 $290 0 days
251 Christofer Court 3 3 2,719 $1,650,000 $606 6 days
4670 Rue Bayou 5 4 3,121 $1,349,000 $432 6 days
3784 Coquina Drive 3 3 2,180 $777,000 $356 10 days
497 Lake Murex Circle 4 3 2,140 $727,000 $339 10 days
2605 Wulfert Road Unit 4 3 3 2,578 $1,450,000 $562 12 days
1874 Ibis Lane 3 2 1,880 $595,000 $316 13 days
3860 W Gulf Drive 3 2 1,494 $935,000 $625 13 days
2551 Sanibel Boulevard 3 2 1,650 $575,000 $348 14 days
303 Palm Lake Drive 3 2 2,034 $649,000 $319 14 days
328 Palm Lake Drive N/A N/A N/A $749,000 Unknown 17 days
780 Beach Road 3 2 2,411 $985,000 $408 17 days
888 Limpet Drive 3 2 2,102 $1,650,000 $784 17 days
952 Kings Crown Drive 4 3 1,944 $799,222 $411 17 days
3845 W Gulf Drive 5 6 6,654 $12,000,000 $1,803 18 days
695 Durion Court 3 2 1,887 $695,000 $368 19 days
9015 Mockingbird Drive 4 4 2,395 $995,000 $415 20 days
1403 Sandpiper Circle 3 3 1,436 $449,000 $312 20 days
2186 Egret Circle 3 2 1,507 $840,000 $557 21 days
677 Durion Court 3 2 1,844 $775,000 $420 27 days
1605 Middle Gulf Drive Unit 205 2 2 1,641 $1,295,000 $789 31 days
1047 Sand Castle Road 3 2 1,781 $700,000 $393 38 days
5663 Baltusrol Court Unit 3A 2 3 2,565 $999,000 $389 75 days
6065 Dinkins Lake Road 3 2 1,667 $899,000 $539 80 days
641 Lake Murex Circle 4 3 3,003 $1,279,000 $425 90 days
921 Strangler Fig Lane 3 3 2,556 $800,000 $312 97 days
242 Christofer Court 3 2 1,772 $1,499,000 $845 98 days
1610 Middle Gulf Drive Unit E-4 2 2 1,200 $649,000 $540 105 days
3127 W Gulf Drive Unit 104 3 4 2,642 $3,495,000 $1,322 145 days
9476 Balsa Court 3 2 1,612 $1,135,000 $704 242 days
5435 Osprey Court 4 4 3,080 $2,400,000 $779 280 days
Average: 3.2 2.7 2,267 $1,436,555 $557 51 days
Viewing 1 - 31 of 31
Viewing 1 - 31 of 31
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
760 Cardium Street 3 2 1,631 $1,172,000 $1,172,000 $718 159 days 11/22/22
4717 Rue Belle Mer N/A N/A N/A $3,750,000 $3,370,000 Unknown 17 days 11/22/22
1501 Middle Gulf Drive Unit C209 1 1 573 $799,000 $425,000 $741 93 days 11/18/22
5079 Joewood Drive 4 5 3,604 $4,395,000 $2,500,000 $693 27 days 11/18/22
1219 Sand Castle Road 2 2 1,212 $700,000 $700,000 $577 13 days 11/17/22
1747 Serenity Lane 3 2 1,708 $849,000 $850,000 $497 26 days 9/26/22
5690 Sanibel Captiva Road 3 3 2,255 $1,875,000 $1,650,000 $731 101 days 9/23/22
1325 Par View Dr 3 3 2,039 $999,950 $999,950 $490 41 days 9/21/22
827 E Gulf Drive Unit K8 2 2 1,040 $889,000 $850,000 $817 67 days 9/19/22
542 Boulder Drive 2 2 1,502 $1,150,000 $1,050,000 $699 58 days 9/16/22
671 Durion Court 3 2 1,562 $1,095,000 $1,095,000 $701 40 days 9/15/22
2721 W Gulf Drive Unit 206 2 2 1,352 $1,350,000 $1,200,000 $887 58 days 9/8/22
531 Birdsong Place 3 2 1,247 $799,000 $755,000 $605 61 days 9/8/22
1501 Middle Gulf Drive Unit G306 1 1 728 $845,000 $845,000 $1,160 15 days 9/2/22
527 E Gulf Drive Unit 107 2 2 986 $999,000 $925,000 $938 149 days 9/1/22
2445 W Gulf Drive Unit D44 2 2 1,243 $1,399,000 $1,300,000 $1,045 146 days 8/31/22
1321 Seaspray Lane N/A N/A N/A $995,000 $950,000 Unknown 539 days 8/31/22
820 E Gulf Drive Unit A105 2 3 1,152 $899,000 $885,000 $768 66 days 8/30/22
3215 W Gulf Drive Unit D101 3 3 2,023 $2,499,000 $2,100,000 $1,038 44 days 8/25/22
437 Lake Murex Circle 5 3 2,455 $1,950,000 $1,950,000 $794 69 days 8/25/22
5802 Sanibel Captiva Road 3 4 1,848 $1,365,000 $1,125,000 $608 83 days 8/24/22
1719 Serenity Lane 3 2 1,540 $795,000 $765,000 $496 147 days 8/24/22
839 Birdie View Point 3 3 2,597 $1,995,000 $1,925,000 $741 84 days 8/24/22
827 E Gulf Drive Unit B8 2 2 1,040 $875,000 $820,000 $788 128 days 8/22/22
4640 Rue Belle Mer 3 3 2,196 $2,495,000 $2,550,000 $1,161 104 days 8/22/22
885 Limpet Drive 4 3 2,302 $3,250,000 $3,250,000 $1,411 195 days 8/19/22
1313 Seaspray Lane 3 3 2,922 $1,795,000 $1,650,000 $564 90 days 8/19/22
1501 Middle Gulf Drive Unit H406 2 2 968 $1,329,000 $1,314,500 $1,357 57 days 8/18/22
1260 Par View Drive 3 3 2,681 $1,699,000 $1,580,000 $589 50 days 8/17/22
2994 Island Inn Road N/A N/A N/A $395,000 $340,000 Unknown 250 days 8/12/22
9409 Moonlight Drive 3 3 2,226 $1,282,000 $1,185,000 $532 59 days 8/12/22
1401 Middle Gulf Drive Unit N301 3 2 1,519 $1,328,000 $1,230,000 $809 48 days 8/12/22
4301 Sanibel Captiva Road N/A N/A N/A $1,998,000 $1,300,000 Unknown 64 days 8/10/22
458 Casa Ybel Road 3 3 1,491 $1,250,000 $1,351,500 $906 49 days 8/10/22
2777 W Gulf Drive Unit 104 2 2 1,276 $874,900 $850,000 $666 52 days 8/5/22
1299 Middle Gulf Drive Unit 201 2 2 1,394 $939,000 $945,000 $677 68 days 8/4/22
1610 Middle Gulf Drive Unit A4 2 2 1,200 $649,900 $638,500 $532 70 days 8/4/22
671 E Gulf Drive Unit 2A2 2 2 875 $850,000 $860,000 $982 33 days 8/4/22
2658 Coconut Drive 3 2 2,292 $2,495,000 $2,489,000 $1,085 97 days 8/1/22
2929 W Gulf Drive Unit 301 3 3 1,939 $1,949,000 $1,959,000 $1,010 76 days 8/1/22
3947 Coquina Drive 2 2 1,532 $1,249,000 $1,125,000 $734 46 days 8/1/22
641 Periwinkle Way Unit A5 2 1 967 $549,000 $549,000 $567 33 days 7/29/22
1605 Middle Gulf Drive Unit 210 2 2 1,802 $1,499,000 $1,330,000 $738 240 days 7/29/22
2501 W Gulf Drive Unit 101 3 2 1,980 $1,650,000 $1,650,000 $833 52 days 7/29/22
1545 Serenity Lane 2 2 1,741 $799,000 $820,000 $470 64 days 7/28/22
671 E Gulf Drive Unit 1A3 2 2 900 $1,175,000 $1,135,000 $1,261 50 days 7/28/22
947 Lindgren Boulevard 3 2 1,875 $1,456,000 $1,200,000 $640 56 days 7/27/22
585 Chert Court 3 2 1,669 $1,549,000 $1,480,000 $886 48 days 7/25/22
1827 Middle Gulf Drive 2 2 1,024 $950,000 $917,000 $895 75 days 7/19/22
820 E Gulf Drive Unit A110 2 3 1,288 $895,000 $900,000 $698 52 days 7/19/22
Average: 2.7 2.5 1,857 $1,471,605 $1,394,116 $796 80 days
Viewing 1 - 50 of 97
Viewing 1 - 50 of 97