When you first start searching for real estate in an unfamiliar area, you usually have no clue what homes are valued at. Sometimes it helps to pick a price and see what type of homes are for sale in that range.
Curious what types of homes are for sale in the $500,000 price range on Sanibel Island?
Sanibel Homes for $500k
Below, we’ve included the list of single-family homes you can purchase on Sanibel for $500k. As you can see by the text “No Properties Found” – there aren’t any. Currently, the lowest-priced single-family home on Sanibel right now starts with a “seven.”
Here’s the list of Sanibel condos for sale in the $500k range.
As you can see, there ARE a few options, yay! There are about 15 Sanibel condos listed at $500k, and a handful under $500k. (That is, of course, as of the time we wrote this article, Feb 9, 2021 at noon)
Have Sanibel Home Values Have Increased?
The median sales price of Sanibel homes has increased 1.8% over the past 5 years. Really, that is not a significant amount compared to most real estate markets. Even before COVID and the increased demand in real estate, there were very few Sanibel single-family homes on the market priced under $500k.
More About Sanibel Condos
As of right now, you can still get a near-beach condo in the $500k price range. Some of these even have canal access or a partial view of the Gulf. Most are under 1,000 living SqFt., with a few exceptions just over 1,000. Overall, the condos on island offer nice amenities, usually a pool or sports courts, and a deeded beach access point.
We think the condos on island are a great value! Click here to read our recent article that encourages you to “think outside the box” since the single-family home inventory is so low right now.
Our Sanibel Condo Guide makes it easy to compare complexes on the island.
Homes Near Sanibel For $500k
If you’re not finding the perfect $500k home for you on Sanibel, a good alternative to living ON island is living just on the other side of the Causeway bridge. The “Iona corridor” as we call it, has a number of different housing developments with single family homes for sale in the $500k range. Plus, there are condo complexes and mobile home communities to choose from as well.
We sell homes in this area often and some of our team members live there too. So, don’t hesitate to ask us questions about the differences, pros, and cons of each option. Below, we’ve included some of the homes for sale in the 33908 zip code that incorporates the Iona area.