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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
3049 W Gulf Drive Unit 302 3 3 2,540 $2,100,000 $826 2 days
1813 Long Point Lane 4 3 1,740 $1,010,000 $580 3 days
1754 Windward Way 2 2 1,286 $829,000 $644 7 days
2737 W Gulf Drive Unit 122 2 2 1,034 $849,000 $821 9 days
5830 Sanibel Captiva Road N/A N/A N/A $996,000 Unknown 9 days
No address 3 3 1,968 $1,750,000 $889 10 days
1298 Par View Drive 3 2 1,948 $1,100,000 $564 10 days
565 Lake Murex Circle N/A N/A N/A $649,900 Unknown 13 days
1835 Ardsley Way 2 2 1,222 $479,000 $391 14 days
1722 Windward Way N/A N/A N/A $460,000 Unknown 14 days
760 Sextant Drive Unit 541 2 2 1,130 $650,000 $575 15 days
2915 W Gulf Drive Unit A201 3 3 1,816 $1,695,000 $933 20 days
2477 Wulfert Road 3 4 3,734 $1,998,000 $535 20 days
2294 Wulfert Road 4 4 3,455 $1,875,000 $542 22 days
4273 W Gulf Drive 5 5 5,613 $6,900,000 $1,229 22 days
4019 Coquina Drive N/A N/A N/A $549,000 Unknown 22 days
4538 Bowen Bayou Road N/A N/A N/A $374,900 Unknown 23 days
805 E Gulf Drive Unit 4F 2 2 1,000 $995,000 $995 26 days
1125 Captains Walk Street 3 3 1,433 $1,075,000 $750 27 days
1450-1460 Court Place 5 5 2,996 $1,350,000 $450 27 days
1032 Sand Castle Road N/A N/A N/A $499,000 Unknown 27 days
805 E Gulf Drive Unit C7 1 1 638 $399,900 $626 27 days
1828 Buckthorn Lane 4 5 3,494 $2,250,000 $643 27 days
2737 W Gulf Drive Unit 116 2 2 1,007 $980,000 $973 31 days
Corner Lot N/A N/A N/A $325,000 Unknown 34 days
1388 Tahiti Drive 3 2 1,483 $1,199,000 $808 34 days
2490 Coconut Drive N/A N/A N/A $1,500,000 Unknown 35 days
836 Birdie View Point 3 4 3,342 $2,395,000 $716 37 days
3215 W Gulf Drive Unit D201 3 3 2,023 $1,995,000 $986 38 days
1246 Fulgur Street Unit 401 2 2 1,030 $769,000 $746 40 days
2605 Wulfert Road Unit 1 2 3 2,348 $895,000 $381 41 days
4150 Dingman Drive 5 5 5,474 $1,585,000 $289 42 days
2737 W Gulf Drive Unit 124 2 2 1,007 $850,000 $844 43 days
501 Lagoon Drive 3 2 1,508 $1,248,000 $827 44 days
9226 Kincaid Court 3 2 1,248 $1,039,000 $832 45 days
1605 Middle Gulf Drive Unit 228 3 3 2,131 $2,200,000 $1,032 45 days
4640 Rue Belle Mer N/A N/A N/A $1,495,000 Unknown 45 days
1454 Sandpiper Circle 4 3 1,552 $859,500 $553 45 days
988 Whelk Dr 3 2.5 1,890 $2,400,000 $1,269 46 days
924 Kings Crown Drive 4 3 2,823 $1,695,000 $600 48 days
6063 Sanibel Captiva Road 4 3 2,603 $1,595,000 $612 48 days
5633 Baltusrol Court N/A N/A N/A $499,000 Unknown 50 days
1501 Middle Gulf Drive Unit D312 1 1 454 $447,000 $984 53 days
4501 Waters Edge Lane N/A N/A N/A $2,995,000 Unknown 58 days
411 Bella Vista Way E 4 4 3,240 $3,595,000 $1,109 58 days
813 Angel Wing Drive 5 6 3,193 $3,500,000 $1,096 61 days
2505 Island Inn Road N/A N/A N/A $345,000 Unknown 63 days
4155 W Gulf Dr N/A N/A N/A $4,300,000 Unknown 63 days
1605 Middle Gulf Drive Unit 208 2 2 1,802 $1,365,555 $757 65 days
761 Donax Street N/A N/A N/A $560,000 Unknown 66 days
Average: 2.9 2.6 1,966 $1,532,746 $723 134 days
Viewing 1 - 50 of 180
Viewing 1 - 50 of 180
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1990 My Tern Court 3 2 2,146 $925,000 $431 6 days
721 Cardium Street 3 3 1,760 $1,400,000 $795 14 days
976 Sand Castle Road 3 3 1,698 $859,000 $505 17 days
409 E Gulf Drive Unit 15 1 1 600 $299,000 $498 17 days
1605 Bunting Lane 3 2 1,457 $899,000 $617 22 days
676 Cardium Street 4 2 2,250 $1,349,000 $599 44 days
2228 Starfish Lane 3 3 3,977 $1,495,000 $375 58 days
5685 Sanibel Captiva Road 3 2 1,513 $1,165,000 $769 75 days
8995 Mockingbird Drive 3 4 3,542 $1,299,000 $366 69 days
1667 Sabal Sands Road 3 3 2,329 $982,000 $421 83 days
1535 Centre Street 2 2 1,077 $649,555 $603 87 days
9465 Beverly Ln 3 2 2,049 $585,000 $285 94 days
9008 Mockingbird Drive 3 3 2,531 $1,149,000 $453 87 days
1246 Fulgur Street Unit 403 2 2 1,100 $734,000 $667 118 days
766 Donax Street 4 3 1,184 $699,000 $590 105 days
1046/1048/1090 Periwinkle Way N/A N/A N/A $1,799,000 Unknown 134 days
567 N Yachtsman Drive 3 3 2,115 $1,495,000 $706 143 days
9231 Belding Drive 2 2 1,069 $450,000 $420 146 days
1352 Eagle Run Drive 3 3 2,671 $1,699,000 $636 178 days
896 Limpet Drive 3 3 3,247 $1,700,000 $523 240 days
809 Pyrula Avenue N/A N/A N/A $545,000 Unknown 287 days
2042 Wild Lime Drive 3 2 1,676 $825,000 $492 188 days
1932 Roseate Lane 3 2 1,408 $545,000 $387 263 days
2619 Wulfert Road Unit 3 2 3 2,260 $995,000 $440 238 days
543 E Gulf Dr N/A N/A N/A $2,100,000 Unknown 225 days
1142 Shell Basket Ln 3 2 950 $699,000 $735 283 days
Average: 2.8 2.5 1,939 $1,051,559 $535 125 days
Viewing 1 - 26 of 26
Viewing 1 - 26 of 26
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
803 Lindgren Boulevard 4 3 2,495 $1,100,000 $950,000 $380 70 days 9/28/23
805 E Gulf Drive Unit H7 1 1 638 $399,900 $355,000 $556 45 days 9/25/23
774 Sand Dollar Drive 3 4 2,118 $1,999,000 $1,999,000 $943 29 days 9/22/23
242 Christofer Court 3 2 1,786 $1,095,000 $1,025,000 $573 45 days 9/22/23
3135 W Gulf Drive Unit 204 3 4 2,837 $2,998,000 $2,900,000 $1,022 40 days 9/22/23
1558 & 1545 San Carlos Bay Drive 3 4 2,987 $3,999,000 $3,900,000 $1,305 50 days 9/20/23
2840 W Gulf Drive Unit 33 2 2 933 $435,000 $435,000 $466 213 days 9/20/23
1399 Albatross Road 3 2 1,884 $714,000 $650,000 $345 264 days 9/19/23
6401 Pine Avenue 4 4 5,511 $4,195,000 $4,069,000 $738 38 days 9/18/23
9127 Mockingbird Drive 4 3 2,191 $900,000 $840,000 $383 254 days 9/18/23
963 Kings Crown Drive 3 3 3,021 $1,995,000 $1,900,000 $628 147 days 9/8/23
3649 W Gulf Drive N/A N/A N/A $3,995,000 $3,850,000 Unknown 132 days 9/8/23
1242 Par View Drive 3 2 1,864 $795,000 $750,000 $402 141 days 9/6/23
1149 Periwinkle Way Unit 2 N/A N/A 4,521 $1,349,000 $1,000,000 $221 108 days 9/5/23
1175 Bird Lane 4 4 3,428 $4,250,000 $3,520,000 $1,026 134 days 9/1/23
1036 Whisperwood Way 3 3 2,826 $1,299,000 $1,275,000 $451 217 days 9/1/23
2540 Coconut Drive 4 4 2,747 $1,400,000 $1,400,000 $509 0 days 8/31/23
1835 Farm Trail 3 2 1,513 $799,000 $775,000 $512 64 days 8/31/23
1550 Sand Castle Road 3 3 2,996 $1,499,000 $1,449,500 $483 44 days 8/31/23
5657 Baltusrol Court Unit 2-A 3 3 2,348 $1,149,000 $1,075,000 $457 14 days 8/31/23
1501 Middle Gulf Drive Unit F203 2 2 1,042 $789,000 $720,000 $690 208 days 8/31/23
979 E Gulf Drive Unit 133 2 2 1,184 $999,000 $980,000 $827 250 days 8/29/23
5271 Indian Court 4 4 3,594 $2,549,000 $2,385,000 $663 180 days 8/29/23
313 Palm Lake Drive 3 3 2,160 $799,000 $750,000 $347 20 days 8/28/23
5116 Sea Bell Road N/A N/A N/A $335,000 $335,000 Unknown 17 days 8/25/23
896 Angel Wing Drive 3 3 2,273 $1,550,000 $1,390,000 $611 127 days 8/25/23
530 Piedmont Road 3 2 1,365 $549,000 $370,000 $271 132 days 8/25/23
1341 Middle Gulf Drive Unit 11A 2 2 1,460 $599,000 $598,000 $409 151 days 8/25/23
951 Sand Castle Road 3 2 1,835 $629,000 $530,000 $288 183 days 8/25/23
540 E Lake Road 3 2 1,383 $975,000 $950,000 $686 155 days 8/22/23
9436 Kava Ct 2 2 1,504 $639,900 $613,700 $408 90 days 8/21/23
586 Boulder Drive 3 2 1,306 $674,500 $600,000 $459 76 days 8/21/23
851 Angel Wing Drive 5 4 2,495 $1,349,000 $1,150,000 $460 199 days 8/21/23
2291 Wulfert Road 4 4 3,417 $1,799,000 $1,676,000 $490 181 days 8/18/23
1284 Par View Drive 2 2 1,536 $599,000 $540,000 $351 228 days 8/18/23
9210 Dimmick Drive 2 2 1,256 $659,000 $659,000 $524 119 days 8/16/23
2311 W Gulf Drive Unit 22 2 2 1,083 $850,000 $800,000 $738 38 days 8/15/23
2422 Periwinkle Way 1 1 3,768 $1,948,000 $1,948,000 $516 62 days 8/14/23
3397 W Gulf Drive Unit B 3 3 2,269 $900,000 $959,000 $422 10 days 8/11/23
4052 Coquina Drive 3 2 1,424 $725,000 $680,000 $477 164 days 8/11/23
725 Donax Street N/A N/A N/A $650,000 $650,000 Unknown 58 days 8/8/23
1811 Ibis Lane 2 2 1,344 $630,000 $625,000 $465 210 days 8/8/23
2356 Wulfert Road N/A N/A N/A $325,000 $290,000 Unknown 36 days 8/7/23
2562 Coconut Drive N/A N/A N/A $599,000 $550,000 Unknown 56 days 8/7/23
1105 Shell Basket Lane N/A N/A N/A $649,000 $649,000 Unknown 55 days 8/4/23
1574 Sand Castle Rd N/A N/A N/A $399,000 $320,000 Unknown 123 days 8/4/23
3311 Twin Lakes Lane 3 3 1,480 $1,143,000 $1,075,000 $726 156 days 8/1/23
1171 Seagrape Lane 3 3 1,528 $999,000 $825,000 $539 117 days 8/1/23
450 Birdsong Place 2 2 1,193 $595,000 $574,000 $481 201 days 8/1/23
658 Donax Street 3 2 1,519 $699,000 $699,000 $460 8 days 7/31/23
Average: 3.0 2.8 2,158 $1,327,004 $1,233,311 $576 77 days
Viewing 1 - 50 of 200
Viewing 1 - 50 of 200