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& CaptivaProperty.net

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 Island Condos - International Property Specialists - Tropical Paradise

 

 

 

Cormorant Circle

This is the home for nature lover. Next to the swimming pool and tennis courts in the lovely beachfront community of Gulf Pines, it overlooks an inland bayou and is a short stroll to the beach along an idyllic path.

Four bedrooms re set around a vaulted living area with a wood burning fireplace and glorious lake views. Click here for details of these.

 

Then there's a large lanai overlooking the bayou which attracts many beautiful birds, including the cormorant for which the circle is named. There's even a resident alligator!

 

 

 

 

The kitchen is newly remodeled and well-equipped with an open breakfast bar for snacks and beverages. There's a more formal dining area adjacent to the kitchen or dining al fresco on the lanai overlooking the bayou.

There is also a library office area with high speed internet, a workshop for crafts and  storage, a separate two-car garage and a covered porch area with a huge rustic craft table.                                       

Wendy Humphrey

RealEstate@SanibelProperty.com

Direct:(239) 851-2301

U.S. Toll Free: (888) 936-3962

Toll Free from England: 0800 028 8967

Average island prices drop but sales pick up pointing to good season

The average price of property sold on Sanibel between January 1st and September 30th has dropped 19% so far this year making a 25 percent decrease on average prices of sold property on Sanibel over two years.

The most expensive properties showed the biggest drop with a 27 percent drop in beachfront property prices and a 23 percent drop in bay front property. The only property type that gained was inland property which increased 13 percent in the first three quarters of this year.

Captiva fared no better with property prices overall dropping 30 percent over the year and 26 percent over two years. All categories dropped with near beach properties dropping as much as 55 percent.

Take a longer view and the picture is better. Captiva does better than Sanibel. Over five years, the average price of Captiva property has gained 57 percent. (But bear in mind that Captiva was still recovering from Hurricane Charlie five years ago and prices were depressed.) Average prices on Sanibel dropped just  9 percent over five years.

 

Take a still longer view and all categories fared, if not brilliantly, at least adequately.  Sanibel prices have increased 50 percent in the last ten years  and Captiva prices have gone up 42 percent with Captiva beachfront and Captiva near beach homes starring with 86 percent and 94 percent increases respectively. For a spreadsheet of island prices over ten years and more, e-mail Wendy at Wendy@SanibelProperty.com

And now for even better news……  Following a dismal start, a lackluster spring and a mediocre summer, sales have already started picking up for the fall with 17 homes and 14 condos either pending or contingent. This is highly unusual: October is generally our slowest month.