The most expensive home to sell in Lee County, Florida during May 2011 was a Captiva single-family, waterfront home located within South Seas Resort. This 3,455 SF home is located at 945 South Seas Plantation Road, Captiva, FL and features 5 BR / 4.5 BA. The selling price was $4.5M / $1,302 SF, which was 90% of the asking price.
Congratulations to selling Realtors Fred G. Newman and Vicki Panico of Royal Shell Real Estate for closing this transaction.
Honorable mention for 2nd most expensive Lee County residential property sold in May 2011 was a single-family waterfront home located within the Sanibel beachfront Seaspray neighborhood. This 4,192 SF home located at 1320 Seaspray Lane, Sanibel, FL 33957 features 4 BR / 4.5 BA. The selling price was $2.5M/ $596 SF, which was 89% of the asking price.
Congratulations to selling Realtor Jim D. Hall of VIP Realty Group, Inc. for closing this transaction.
In May 2011 there were sixteen residential transactions in Lee County with a selling price over $1M, down from 18 in April, on par with 16 in March, down slightly from 17 in February and up from seven in January. In May 2011, the Fort Myers area luxury market had a fourth consecutive very active month.
Here is a resource if you are interested in learning more about Fort Myers luxury homes that are currently listed for sale.