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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
No address 2 2 1,200 $749,000 $624 0 days
No address 3 3 2,582 $2,249,000 $871 0 days
1813 Long Point LN 4 2.5 1,740 $850,000 $488 1 day
200 Periwinkle WAY Unit 319 2 2 1,858 $699,000 $376 1 day
9225 Dimmick DR 4 2.5 2,238 $950,000 $424 1 day
2840 W GULF DR Unit 32 2 2 933 $529,900 $567 1 day
2777 W Gulf DR Unit 211 2 2 1,276 $1,125,000 $881 1 day
240 Southwinds DR 4 3 1,970 $999,000 $507 4 days
566 Boulder DR 3 2 1,611 $925,000 $574 4 days
567 Rabbit RD 2 2 1,200 $875,000 $729 1 day
3311 Twin Lakes LN 3 3 1,477 $1,089,000 $737 1 day
1607 Sand Castle RD 3 2.5 1,717 $795,000 $463 1 day
1052 Whisperwood WAY 3 3 3,951 $2,250,000 $569 4 days
970 Greenwood CT S 3 2.5 1,287 $759,900 $590 4 days
248 Christofer CT 2 2.5 2,370 $994,000 $419 4 days
760 Sextant DR Unit 1083 2 2 957 $599,000 $625 4 days
580 Boulder DR 3 2 2,143 $1,650,000 $769 4 days
5117 Sea Bell RD Unit F111 2 2 1,207 $679,000 $562 5 days
1290 Par View DR 4 2 1,922 $1,300,000 $676 19 days
1674 Bunting LN 3 2 1,760 $949,000 $539 6 days
231 Palm Lake DR 3 2 1,339 $680,000 $507 6 days
1125 Captains Walk ST 3 3 1,417 $700,000 $494 12 days
9475 Beverly LN 3 2 1,646 $949,000 $576 7 days
1677 Sabal Sands RD 3 2 2,030 $999,555 $492 8 days
565 Birdsong PL N/A N/A N/A $274,900 Unknown 7 days
1874 Middle Gulf DR N/A N/A N/A $2,150,000 Unknown 7 days
1428 Albatross RD 3 2.5 2,392 $1,690,000 $706 7 days
1425 Causey CT 4 3 2,326 $1,199,000 $515 8 days
1615 Serenity LN 3 2 1,710 $869,000 $508 8 days
2445 W Gulf DR Unit B25 2 2 1,326 $899,000 $677 11 days
811 Birdie View PT 3 2.5 2,570 $1,725,000 $671 12 days
838-840 Rabbit RD 4 2 1,600 $979,000 $611 11 days
2755 Wulfert RD 3 3.5 3,433 $1,398,000 $407 11 days
218 Daniel DR 3 2.5 2,124 $1,400,000 $659 14 days
887 Casa Ybel RD 5 3 N/A $1,050,000 Unknown 14 days
1284 Par View DR 2 2 1,536 $895,000 $582 15 days
2840 W Gulf DR Unit 26 2 2 933 $445,000 $476 17 days
1501 Middle Gulf DR Unit I207 1 1 483 $475,000 $983 18 days
2402 Wulfert RD 4 3.5 4,327 $2,100,000 $485 18 days
3898 W Gulf DR 3 2 1,652 $795,000 $481 18 days
No address 3 2 1,722 $995,000 $577 18 days
1133 Golden Olive CT 4 3.5 3,643 $3,980,000 $1,092 30 days
588 Hideaway CT 3 2 2,624 $987,000 $376 19 days
1610 Middle Gulf DR Unit C3 2 2 1,050 $625,000 $595 20 days
5117 Sea Bell RD Unit D204 3 2 1,555 $750,000 $482 21 days
2604 Coconut DR 3 2 1,773 $850,000 $479 32 days
1022 Lindgren BLVD 3 2 1,567 $1,490,900 $951 22 days
1043 Blue Heron DR 3 3 2,700 $1,399,000 $518 22 days
851 Angel Wing DR 5 4 2,495 $1,990,900 $797 22 days
4733 Rue Belle Mer 3 3 2,199 $1,699,000 $772 22 days
Average: 2.9 2.5 1,997 $1,620,660 $759 167 days
Viewing 1 - 50 of 242
Viewing 1 - 50 of 242
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
641 Periwinkle WAY Unit B5 2 1 1,000 $369,000 $369 12 days
530 Leather Fern PL 2 2 900 $350,000 $388 12 days
979 E Gulf DR Unit D472 2 2 1,184 $875,000 $739 12 days
2539 Harbour LN 4 2 1,340 $750,000 $559 21 days
1501 Middle Gulf DR Unit A303 1 1 778 $740,000 $951 18 days
1215 Periwinkle WAY 1 1.5 1,162 $249,900 $215 63 days
431 Rabbit RD 3 2.5 2,294 $995,000 $433 76 days
2230 Camino Del Mar DR Unit 3B2 1 1 601 $625,000 $1,039 85 days
4797 Rue Helene 3 2 1,531 $1,190,000 $777 39 days
979 E Gulf DR Unit 212 2 2 1,235 $875,000 $708 86 days
628 Lake Murex CIR 3 2.5 2,290 $1,597,000 $697 126 days
586 Boulder DR 3 2 1,306 $599,000 $458 140 days
2255 TROON CT 4 6.5 6,383 $2,250,000 $352 164 days
5657 Baltusrol CT Unit 1B 3 3.5 2,565 $999,000 $389 179 days
3180 Twin Lakes LN 3 3 1,942 $1,095,000 $563 177 days
5675 Baltusrol CT Unit 3B 3 2.5 2,818 $1,398,000 $496 218 days
2230 Camino Del Mar DR Unit 4C3 2 2 863 $870,000 $1,008 232 days
1426 Sanderling CIR 3 2 2,004 $949,000 $473 300 days
1245 Periwinkle WAY N/A N/A N/A $3,500,000 Unknown 386 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 499 days
Average: 2.5 2.3 1,832 $1,244,090 $610 221 days
Viewing 1 - 21 of 21
Viewing 1 - 21 of 21
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
2474 Wulfert RD 4 4.5 4,662 $2,298,000 $1,900,000 $407 228 days 11/1/24
1653 Bunting LN N/A N/A N/A $445,000 $327,000 Unknown 508 days 10/24/24
1719 Serenity LN 3 2 1,540 $759,000 $720,000 $467 233 days 10/23/24
1401 Middle Gulf DR Unit R305 2 2 1,451 $1,419,000 $1,365,000 $940 102 days 10/21/24
9448 Begonia CT 3 2.5 2,242 $1,050,000 $956,000 $426 123 days 10/18/24
1251 Par View DR 3 2.5 2,015 $790,000 $735,000 $364 523 days 10/17/24
4577 Waters Edge LN 4 4 2,900 $4,895,000 $4,200,000 $1,448 363 days 10/15/24
805 E Gulf DR Unit D-2 1 1 638 $350,000 $320,000 $501 187 days 10/9/24
2230 Camino Del Mar DR Unit 1D3 2 2 940 $979,000 $960,000 $1,021 80 days 9/30/24
4461 Waters Edge LN 3 3.5 3,515 $5,850,000 $5,125,000 $1,458 247 days 9/27/24
1501 Middle Gulf DR Unit C310 1 1 778 $625,000 $560,000 $719 263 days 9/25/24
547 Chert CT 3 2.5 1,790 $899,000 $889,000 $496 121 days 9/23/24
490 + 460 Old Trail RD 3 2.5 1,627 $650,000 $585,000 $359 75 days 9/23/24
9126 Mockingbird DR 3 2 2,077 $829,000 $775,000 $373 165 days 9/23/24
9114 Mockingbird DR 3 2 1,623 $899,999 $830,000 $511 92 days 9/20/24
979 E Gulf DR Unit 543 2 2 1,184 $935,000 $870,000 $734 125 days 9/20/24
2479 Blind Pass CT 3 2 1,725 $999,900 $850,000 $492 262 days 9/19/24
3822 Coquina DR 4 3.5 2,383 $999,999 $942,000 $395 211 days 9/16/24
1250 Tennisplace CT Unit B32 2 1.5 688 $449,000 $402,000 $584 147 days 9/12/24
845 E Gulf DR Unit 1411 1 1 612 $599,000 $524,000 $856 161 days 9/10/24
1501 Middle Gulf DR Unit H303 2 2 966 $745,000 $650,000 $672 132 days 9/9/24
1524 Wilton LN 3 2 1,462 $899,000 $862,500 $589 83 days 8/30/24
994 Whelk DR 3 2 1,673 $1,495,000 $1,325,000 $791 163 days 8/30/24
1196 Sand Castle RD 2 2 1,461 $750,000 $725,000 $496 173 days 8/30/24
2840 W Gulf DR Unit 25 2 2 933 $475,000 $430,000 $460 217 days 8/30/24
1021 Sand Castle RD 3 3 1,752 $1,299,000 $1,290,000 $736 7 days 8/29/24
979 E Gulf DR Unit D401 2 2 1,184 $885,000 $875,000 $739 39 days 8/29/24
1220 Par View DR 3 2 2,108 $1,375,000 $1,200,000 $569 251 days 8/28/24
836 Birdie View PT 3 3.5 3,342 $1,949,000 $1,837,500 $549 359 days 8/21/24
805 E Gulf DR Unit C-1 2 2 902 $349,900 $365,000 $404 3 days 8/15/24
1016 Fish Crow RD 3 2 1,495 $689,000 $550,000 $367 94 days 8/14/24
1501 Middle Gulf DR Unit D401 2 2 1,416 $1,175,000 $975,000 $688 93 days 8/14/24
938 Pecten CT 3 2.5 2,393 $1,595,000 $1,495,000 $624 137 days 8/13/24
911 S Yachtsman DR 3 3 2,853 $1,785,000 $1,600,000 $560 162 days 8/12/24
1011 S Yachtsman DR 5 2.5 2,811 $1,150,000 $1,000,000 $355 421 days 8/9/24
4573 Bowen Bayou RD 3 2 2,470 $1,384,000 $1,300,000 $526 103 days 8/7/24
4731 Rue Belle Mer 5 5.5 5,812 $7,995,000 $7,500,000 $1,290 155 days 8/7/24
1402 Middle Gulf DR 3 3 2,031 $1,545,000 $1,313,250 $646 94 days 8/5/24
651 E Gulf DR Unit 111 3 2 1,542 $1,575,000 $1,460,000 $946 24 days 8/2/24
1757 Windward WAY N/A N/A N/A $369,000 $350,000 Unknown 66 days 7/31/24
1341 Middle Gulf DR Unit 15B 2 2 1,400 $1,100,000 $1,000,000 $714 136 days 7/31/24
6425 Pine AVE 4 3 2,610 $1,685,000 $1,580,000 $605 131 days 7/31/24
3343 Saint Kilda RD 3 2 1,698 $1,087,000 $1,010,000 $594 194 days 7/30/24
1454 Sandpiper CIR 4 3 1,552 $699,999 $650,000 $418 347 days 7/29/24
5305 Ladyfinger Lake RD 3 2 1,932 $995,000 $875,000 $452 127 days 7/26/24
1500 Angel DR 4 3.5 3,339 $3,500,000 $3,050,000 $913 165 days 7/24/24
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
Average: 2.9 2.5 1,976 $1,308,775 $1,192,252 $614 144 days
Viewing 1 - 50 of 105
Viewing 1 - 50 of 105

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.