With Hurricane Ian almost two years in our rear view mirror, the tax roll for Lee County — submitted annually every July 1 to the Florida Department of Revenue — shows that now is a very opportune time if you’ve been thinking of pursuing the island lifestyle on Sanibel.
Compared to last year, property values on Sanibel Island have decreased a whopping 9%. That’s in addition to a 10.5% drop in values in 2023. Conversely, Fort Myers Beach property values are almost 50% higher than last year.
Real estate experts project that this roughly 20% savings versus pre-Ian listing prices should hold through the end of 2024, followed by a continuing recovery that’ll see Sanibel Island homes, condos and parcels appreciating again in first quarter 2025.
20% or more off Sanibel listings? In summary: now is the time to buy!
“My family and I have lived on Sanibel for 20 years now,” Milissa Sprecher notes. “I’ve raised three children with my husband and, with an extensive sales and marketing background, have chosen to apply my love and knowledge of Sanibel and Captiva to the exciting work of real estate, helping folks like you see their dreams of living here come true. I know every community and every corner of these islands, what to look for and what to avoid, what’s a bargain and what isn’t. These are the qualities and values I can bring you that not every realtor can equal.”
Granted, there’s still much work to be done throughout Lee County — and particularly coastal communities — before the sun sets on the residue of one of the most powerful hurricanes in United States history. But we’re well on our way here, and opportunity is knocking at 20% off or more! Reach out to Milissa today!
