Sanibel Condo Deals

Ever thought about getting a place on Sanibel?

I know, during your last visit you checked out a few units and cringed at the prices........Might it be time to rethink Sanibel as a viable 2nd home option?

Today there are four Sanibel condos available for under $300,000 and a total of 36 available for under $500,000.

One of the best Sanibel deals is a 2BR condo at Spanish Cay, on Middle Gulf Drive, across from the beach. This property is listed for $285,000.

Another interesting option is a 2BR condo at Seashells of Sanibel, located on West Gulf Drive. This property is listed for $345,900.

Drop us a note if you want to check out Sanibel options.

On Sale....SW Florida Waterfront

There are deals to be had on waterfront property throughout SW Florida. The May issue of BoatU.S. Magazine features the waterfront bargins available in Fort Myers and Cape Coral.

Overall, real estate prices in SW Florida have dropped to levels similar to where they were at prior to the 2004-2006 boom.

Now is the time to kick back, relax, maybe put on your favorite Jimmy Buffet song and find your Fort Myers or Cape Coral waterfront dream!


SW Florida On Sale [BoatU.S. Magazine]

Top 10 Benefits of SW Florida Real Estate Bust

10. Nobody complains anymore about Hurricane Wilma

9. I no longer spend countless hours driving around Lehigh looking at lots

8. When all these tire kickers decide to buy, I will be rich

7. The memories of camping out in line the night before a new project sales event are a very, very distant memory

6. Denny Grimes recently congratulated my partner on a full price offer

5. Haven't gotten a real estate tip from a waiter in over a year

4. I no longer get 7 letters a day from Realtors wanting to list my already listed properties

3. There is no longer a porta-potty on every block in Cape Coral

2. If the prices keep dropping, I might be able to afford to live in Naples

1. My minister didn't renew his real estate license

Not So Big Architectural Movement

Here is an interesting concept from a local firm, the Seacoast Cottage Company. This company is developing a niche focusing on high-end not-so-big construction. In this era of trophy homes and over-zealous mcmansions, a focus on quality over quantity is a fresh and welcomed approach.

The Not So Big movement was created by architect Sarah Susanka, who has since 1998 published six books on the topic.

Many of the buildable lots in treasured oceanside locations like Sanibel, Captiva, Boca Grande and Fort Myers Beach are smaller and unable to support a large trophy home. Seacoast Cottage truly offers a great solution this application.

Seacoast Cottage is planning on building a model home in The Dunes community on Sanibel. I look forward to viewing this property when complete.

Beach cottage industry not big on building large [News-Press]

Short Sales vs. Foreclosures

One of the big challenges in the SW Florida market right now are the ever increasing number of short sale listings hitting the market. Cape Coral short sales, account for over 1,800 listings on the market right now.

Many are very attractively priced and are also attracting offers. The issue is that the banks are not accepting many of these offers on short sale properties. There are a number of reasons why the offers are not being accepted including: bank workload; multiple mortgages on the property and the lack of true hardship situation for the owner.

Many buyers have submitted offers on these listings and wait and wait......and nothing happens. If you are looking to leverage the current market, a better option may be to target properties that have already been foreclosed. Transactions for foreclosed properties have been progressing at a much more normal pace.