Real Estate News

Top Lee County Home Sales – February 2010

The most expensive home to sell in Lee County, Florida during February 2010 was a Captiva single-family home located at 11527 Andy Rosse Lane in Captiva.  This Captiva Village home is 3,793 SF and features 4 BR and 5 BA.  The home was built in 1999 and is located in Captiva’s unique village by the [...]

Top Lee County Home Sales – November 2009

The most expensive home to sell in Lee County Florida during November 2009 was a Captiva beachfront single-family home located at 11551 Wightman Lane, Captiva.  The Captiva home is 2,200 SF and features 3BR and 3.5 BA.  The home was re-built in 2003 and offers spectacular gulf-front views and beach access.

The selling price was $3.1775M [...]

Cramer Optimistic on Florida Real Estate

For those of you considering dipping your toe in the Florida real estate market, Jim Cramer believes that we are at the bottom. The supporting logic behind this proclamation is that builders stopped new construction in Florida two years ago and inventory is being absorbed by our continued low interest rates. Cramer suggests [...]

Top Lee County Home Sales – June 2009

The most expensive home to sell in Lee County Florida during June 2009 was a Captiva gulf-front single family home located at 16600 Captiva Drive, Captiva. This Gold Coast estate is 13,140 SF and features 6 BR and 8 BA on a 1.12-acre beachfront lot.

The selling price was $7.25M / $551 SF. Congratulations to selling [...]

Top Lee County Home Sales – May 2009

The most expensive home to sell in Lee County Florida during May 2009 was a Captiva gulf-front single family home located at 953 S Seas Plantation Rd, Captiva. This South Seas Resort home is 4,530 SF and features 5 BR and 5 BA on a .93-acre beachfront lot.

The selling price was $4.912M [...]

Top Lee County Home Sales – March 2009

The most expensive home to sell in Lee County Florida during March 2009 was a single-family bay-front home located at 1571 San Carlos Bay Drive on Sanibel Island. This recently renovated home overlooks San Carlos Bay with expansive views to Punta Rassa and Pine Island. This home offers 3,121 SF and features 4BR and [...]

Top Lee County Home Sales – January 2009

The most expensive home to sell in Lee County Florida during January 2009 was a single-family home located at 11515 Wightman Lane in Captiva. Whightman Lane is located in the village of Captiva and is one block north of the famed Andy Rosse Lane. This home is 2,650 SF and features 5BR and 5BA.

The [...]

Top Lee County Home Sales – October 2008

The most expensive home to sell in Lee County during October was a beach-front single-family estate located at 16596 Captiva Drive, Captiva. This 7,000 SF, 5BR, 8BA home features direct gulf views from every room.

The selling price was $9.25M / $1,321 SF. Congratulations to selling Realtor Mike McMurray of VIP Realty Group-Sanibel for [...]

Captiva Among Most Expensive in US

Forbes magazine recently ranked Captiva Island as one of the most expensive zip codes in the US. No argument here from the peanut gallery as it is close to $2M for a decent single-family home on Captiva these days.

One bedroom Captiva condos in South Seas developments like Bayside Villas or Tennis Villas start in [...]

Fort Myers $7M Homes

Let’s imagine for a moment that you are doing some fall cleaning and under the mattress you find some Google stock certificates left over from the dot.com boom that are now worth $7M…….Now what? How about buying a home in Southwest Florida!

There are a several options choose from in the $7M range with the [...]

South Seas re-opens

Famed Captiva resort back in business

The much awaited re-opening of South Seas Island Resort, the grande dame of Southwest Florida tourist destinations, is today. The opening is being coined a “soft opening” as some of the resort is still in the process of being repaired from Hurricane Charlie devastation.

There is nothing soft about the [...]

Captiva and Sanibel tourism

Normalcy returns to barrier islands

Sanibel and Captiva are the bellwether for tourism here in Lee County. The success of our real estate market is interwoven with the ability of these resort communities to draw visitors to the region.

The continued health and growth of our market is dependent on the absorption of inventory by in-migration. Many [...]

South Seas sold

Famed Captiva resort to have new owners

In an apparent below market valued transaction, South Seas Resort was acquired by Blackstone Group LP for $367 million in cash. In addition to the Captiva and Sanibel assets, the transaction included hotel properties owned by MeriStar Hospitality in Key Largo and Clearwater.

This transaction is certainly a positive for [...]

South Seas rising

Famed Captiva resort opening in February 2006

The grand dame of Southwest Florida resorts, South Seas, is rising from the rubble of Hurricane Charlie and is accepting reservations for its re-opening in February, 2006.

Charley washed and blew much of the 600-unit resort down to the foundation, so owners MeriStar Hospitality Corp. and dozens of individual unit [...]

Freeway to Lehigh

$577M East-West Connector ProposedAs I find my self spending an ever increasing amount of time stuck in traffic on Colonial Boulevard, the proposed new Veterans-Colonial express lanes would provide welcome relief.

The consulting and engineering firm PBS&J has completed a plan to ease the flow of traffic on the critical Veterans-Colonial route. The plan includes intersection [...]