“What’s the average price of homes in Gumbo Limbo,” I overheard a client ask Susan today. It’s a common question of buyers who are getting a feel for what Sanibel homes cost. As you know, home values vary by community.
Gulf front properties or near beach homes obviously have a higher price tag than homes that are not near the water. Homes on the “east end” of the island tend to carry an extra value because of their proximity to the causeway for convenient access on and off the island.
Average Price of Sanibel Communities
To give you an idea of the average price of Sanibel communities, we’ve listed the number of properties sold year to date (through November 30, 2015) and their average sales price for each community.
| SANIBEL COMMUNITIES |
TYPE |
# SALES YTD |
AVG. SALES PRICE |
| Captains Walk |
Condo |
7 |
$266,000 |
| Beachview CC Estates |
Sing Family Homes |
6 |
$857,000 |
| Del Sega |
Sing Family Homes |
8 |
$1,048,000 |
| The Dunes |
Sing Family Homes |
17 |
$681,000 |
| East Rocks |
Sing Family Homes |
13 |
$596,000 |
| Gulf Pines |
Sing Family Homes |
3 |
$615,000 |
| Gumbo Limbo |
Sing Family Homes |
11 |
$547,000 |
| Herons Landing |
Sing Family Homes |
2 |
$825,000 |
| Lake Murex |
Sing Family Homes |
6 |
$630,000 |
| Lighthouse Point |
Condo |
6 |
$620,000 |
| Loggerhead Cay |
Condo |
7 |
$564,000 |
| Mariner Pointe |
Condo |
4 |
$439,000 |
| Pointe Santo |
Condo |
4 |
$665,000 |
| Sanctuary |
Sing Family Homes |
7 |
$1,868,000 |
| Sanibel Estates |
Sing Family Homes |
10 |
$1,140,000 |
| Sanibel Harbours |
Sing Family Homes |
3 |
$1,965,000 |
| Sanibel Shores |
Sing Family Homes |
7 |
$490,000 |
| Sea Gate |
Sing Family Homes |
2 |
$2,118,000 |
| Shell Harbor |
Sing Family Homes |
7 |
$1,424,000 |
| Sundial West |
Condo |
16 |
$411,000 |
| Tradewinds |
Sing Family Homes |
4 |
$801,000 |
| Woodrings |
Sing Family Homes |
2 |
$1,544,000 |
Average Price of Captiva Communities
Continuing up to Captiva Island, we see an increase in home values. Our latest market report shows 0 months inventory for any single family home under $1M and only 2 months inventory for condos under $400k.
Below, we have listed the average sales price for a few communities on Captiva and the number of properties have sold so far this year.
| CAPTIVA COMMUNITIES |
TYPE |
# SALES YTD |
AVG. SALES PRICE |
| Bayside Villas |
Condo |
6 |
430,000 |
| Beach Homes |
Condo |
3 |
2,341,000 |
| FA Lanes Bayview |
Sing Family Homes |
2 |
2,838,000 |
| Lands End Village |
Condo |
7 |
1,659,000 |
| Marina Villas |
Condo |
4 |
591,000 |
| South Seas Resort |
Sing Family Homes |
2 |
3,508,000 |
Average Price of North Captiva Communities
There’s often confusion between listings on Captiva Island and North Captiva Island. While Captiva Island is connect to Sanibel via the blind pass crossover, North Captiva is only accessible by boat or small propeller airplanes. Therefore, properties on North Captiva tend to be more affordable since the island is slightly less convenient to access than Sanibel or Captiva.
Below, we’ve listed a couple communities on North Captiva with the number of properties sold this year and their average price point.
| NORTH CAPTIVA COMMUNITIES |
TYPE |
# SALES YTD |
AVG. SALES PRICE |
| Castaway Keys |
Sing Family Homes |
6 |
757,000 |
| North Captiva Dunes |
Sing Family Homes |
2 |
416,000 |
| North Captiva Sands |
Sing Family Homes |
2 |
582,000 |
