Sanibel, Florida
Lee County Real Estate - Sanibel
Sanibel is in South West Florida. It's population as recorded in the 2010 Census was 6,469. Sanibel is approximately 9 miles from Cape Coral (population 154,305) and around 27 miles from Lehigh Acres (population 86,784).
The median age for residents of Sanibel is 65. Around 9% of Sanibel households include school aged children and 62.2% of households include individuals aged 65 years or over. Census records indicate 97.9% of the Sanibel population are White, .6% are Black or African American, 0% American Indian, .3% Asian and .6% are Two or more Races.
There are 7,821 housing units in Sanibel. 4,462 (57%) of these were reported as vacant in the 2010 Census. Sanibel is a tourist destination, 85.3% (3,808) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 702 residential rental units in Sanibel. 406 of them were occupied in 2010 providing a residential rental vacancy rate of 40.3%.
Sanibel links:
Sanibel is located in Lee County. It has a population of approximately 6,469 people. The population increased 4.2% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 4.3% for Lee County and a 1.7% increase for the country as a whole. Sanibel occupies 16.13 of the 784.51 square miles in Lee County. It had a population density of 401.1 persons per square mile in 2010. This compared to 788.7 for the county, 350.6 for Florida and 87.4 for the country.
2.1% ( 7,821) of the 372,117 housing units in Lee County are in Sanibel (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Sanibel has a 89.3% homeownership rate compared to Lee County's 73.8% homeownership rate and Florida's rate of 69.0%.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 18,801,310 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Lee County | 618,754 | $13,839 | 4.3% | $49,444 | 372,117 | $181,000 |
| Sanibel | 6,469 | $161 | 4.2% | $88,906 | 7,821 | $644,900 |
Sanibel's medium household income in 2011 was $88,906. Lee County's medium household income was $49,444, which is higher than the medium income for Florida as a whole: $47,827. 5.5% of the population in Sanibel lives below the poverty line, compared to 14.7% in Florida, 13.5% of the population in Lee County and 14.3% nationwide. Additional Information:
Sanibel Economic Activity
The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Sanibel. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $161 million, Sanibel's economic activity represents 1.17% of Lee County's $13,839MM in economic activity. Lee County represents 2.19% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $0 | 0.0% |
| Merchant wholesaler sales | $4 | 2.2% |
| Retail sales | $97 | 60.0% |
| Accommodation and food services sales | $61 | 37.8% |
| Total | $161 | 100% |
Lee County Regional Comparisons
| City | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Bonita Springs | 43,914 | $956 | 5.5% | $53,274 | 31,716 | $269,300 |
| Cape Coral | 154,305 | $1,571 | 4.5% | $51,407 | 78,948 | $181,900 |
| Estero | 22,612 | $539 | X | $62,031 | 18,479 | $281,600 |
| Fort Myers Beach | 6,277 | $143 | 3.8% | $55,213 | 9,420 | $415,300 |
| Fort Myers Beach | 6,277 | $143 | 3.8% | $55,213 | 9,420 | $415,300 |
| Lehigh Acres | 86,784 | $407 | X | $44,042 | 38,995 | $120,100 |
| North Fort Myers | 39,407 | $517 | X | $39,754 | 27,108 | $89,400 |
| Sanibel | 6,469 | $161 | 4.2% | $88,906 | 7,821 | $644,900 |
Lee County is located in Southwest Florida. This region is responsible for 3.9% of Florida's economic activity. Lee County represents 56.2% of the region's economy.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Charlotte County | 159,978 | $2,288 | 1.5% | $45,112 | 100,612 | $166,700 |
| Lee County | 618,754 | $13,839 | 4.3% | $49,444 | 372,117 | $181,000 |
| Collier County | 321,520 | $8,479 | 3.4% | $56,876 | 198,423 | $317,200 |
| Total | 1,140,169 | $24,606 | 3.1% | $50,477 | 671,152 | $221,633 |
Sanibel Real Estate
There are 4,320 properties in Sanibel. The following table shows a summary of them based on 2014 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Government Property | 110 | 2.55 | 1 | $3,000,000 | $1,437 | March 1st, 2014 | March 1st, 2014 |
| Hotel & Motel | 38 | 0.88 | 0 | n/a | n/a | n/a | n/a |
| Industrial | 3 | 0.07 | 0 | n/a | n/a | n/a | n/a |
| Miscellaneous Property | 10 | 0.23 | 0 | n/a | n/a | n/a | n/a |
| Mobile/Manufactured | 1 | 0.02 | 0 | n/a | n/a | n/a | n/a |
| Multifamily | 94 | 2.18 | 3 | $420,000 | $169 | January 1st, 2014 | July 1st, 2014 |
| Office | 25 | 0.58 | 1 | $850,000 | $1,066 | January 1st, 2014 | January 1st, 2014 |
| Residential | 3,932 | 91.02 | 218 | $655,100 | $162 | January 1st, 2014 | September 1st, 2014 |
| Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Retail | 77 | 1.78 | 1 | $909,000 | $167 | April 1st, 2014 | April 1st, 2014 |
| Special Purpose | 25 | 0.58 | 0 | n/a | n/a | n/a | n/a |
| Sports & Entertaining | 5 | 0.12 | 0 | n/a | n/a | n/a | n/a |
Commercial Real Estate in Sanibel, Florida
0( .00%) of the properties in Sanibel are classified as Commercial.
Government Real Estate in Sanibel, Florida
110( 2.55%) of the properties in Sanibel are classified as Government. 1 of them sold between March 1st, 2014 and March 1st, 2014. The total value of these sales was $3,000,000. The median sales price was $3,000,000. In 2014 the median sales price for Government Property in Sanibel was $1,437 per sq ft.
Hotel & Motel Real Estate in Sanibel, Florida
38( .88%) of the properties in Sanibel are classified as Hotel & Motel.
Industrial Real Estate in Sanibel, Florida
3( .07%) of the properties in Sanibel are classified as Industrial.
Miscellaneous Real Estate in Sanibel, Florida
10( .23%) of the properties in Sanibel are classified as Miscellaneous.
Mobile/Manufactured Real Estate in Sanibel, Florida
1( .02%) of the properties in Sanibel are classified as Mobile/Manufactured.
Multifamily Real Estate in Sanibel, Florida
94( 2.18%) of the properties in Sanibel are classified as Multifamily. 3 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $1,482,787. The median sales price was $420,000. In 2014 the median sales price for Multifamily in Sanibel was $169 per sq ft.
Office Real Estate in Sanibel, Florida
25( .58%) of the properties in Sanibel are classified as Office. 1 of them sold between January 1st, 2014 and January 1st, 2014. The total value of these sales was $850,000. The median sales price was $850,000. In 2014 the median sales price for Office in Sanibel was $1,066 per sq ft.
Residential Real Estate in Sanibel, Florida
3,932( 91.02%) of the properties in Sanibel are classified as Residential. 218 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $174,586,247. The median sales price was $655,100. In 2014 the median sales price for A Class Residential in Sanibel was $312 per sq ft, B Class properties sold for $162/ft and C Class $102/ft.
Residential Real Estate in Sanibel, Florida
0( .00%) of the properties in Sanibel are classified as Residential.
Retail Real Estate in Sanibel, Florida
77( 1.78%) of the properties in Sanibel are classified as Retail. 1 of them sold between April 1st, 2014 and April 1st, 2014. The total value of these sales was $909,000. The median sales price was $909,000. In 2014 the median sales price for Retail in Sanibel was $167 per sq ft.
Special Purpose Real Estate in Sanibel, Florida
25( .58%) of the properties in Sanibel are classified as Special Purpose.
Sports & Entertaining Real Estate in Sanibel, Florida
5( .12%) of the properties in Sanibel are classified as Sports & Entertaining.
Sanibel, Lee County Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Government Property | 104 | 381,322 |
| Hotel & Motel | 36 | 338,911 |
| Industrial | 3 | 9,386 |
| Land | 495 | 34,992 |
| Miscellaneous Property | 9 | 44,032 |
| Mobile/Manufactured | 1 | 1,296 |
| Multifamily | 93 | 329,473 |
| Office | 22 | 174,755 |
| Residential | 3,996 | 18,689,535 |
| Retail | 75 | 768,098 |
| Special Purpose | 23 | 234,888 |
| Sports & Entertaining | 5 | 94,634 |
Sanibel Median Property Values per Sq Ft
| Property Class | Class A | Class B | Class C | ||||
|---|---|---|---|---|---|---|---|
| Usage | Year | Sale | Lease | Sale | Lease | Sale | Lease |
| Airport (private or commercial), bus terminal, marine terminal, pier or marina. | 2016 | $272 | $30 | $106 | $23 | $57 | $15 |
| Auto sales, auto repair and storage or auto service shop | 2016 | $505 | $35 | $124 | $26 | $57 | $17 |
| Church | 2016 | $405 | $30 | $76 | $23 | $19 | $15 |
| Club, lodge or union hall | 2016 | $405 | $30 | $76 | $23 | $19 | $15 |
| Community Shopping Center | 2016 | $505 | $35 | $124 | $26 | $57 | $17 |
| Condominium | 2016 | $127 | $16 | $73 | $16 | $50 | $16 |
| County Owned | 2016 | $405 | $30 | $76 | $15 | $19 | $7 |
| Cultural organization, facility | 2016 | $405 | $30 | $76 | $23 | $19 | $15 |
| Drive-in Restaurant | 2016 | $505 | $35 | $124 | $26 | $57 | $17 |
| Enclosed theater or auditorium | 2016 | $505 | $37 | $124 | $17 | $57 | $7 |
| Federal Owned | 2016 | $405 | $30 | $76 | $15 | $19 | $7 |
| Financial institution (bank, saving and loan company, mortgage company, credit services) | 2016 | $505 | $35 | $124 | $26 | $57 | $17 |
| Forest, park or recreational area | 2016 | $405 | $30 | $76 | $15 | $19 | $7 |
| Golf course or driving range | 2016 | $405 | $37 | $76 | $17 | $19 | $7 |
| Government Undefined | 2016 | $405 | $30 | $76 | $15 | $19 | $7 |
| Hotel or motel | 2016 | $405 | $33 | $76 | $33 | $19 | $33 |
| Miscellaneous Residential (migrant camp or boarding home.) | 2016 | $127 | $33 | $73 | $33 | $50 | $33 |
| Mixed use - store and office or store and residential or residential combination | 2016 | $505 | $35 | $124 | $26 | $57 | $17 |
| Mobile Home | 2016 | $285 | $6 | $176 | $6 | $133 | $6 |
| Multi-family - less than 10 units | 2016 | $109 | $38 | $60 | $25 | $43 | $20 |
| Municipal Owned | 2016 | $405 | $30 | $76 | $15 | $19 | $7 |
| Office building, non-professional service building, one story | 2016 | $272 | $36 | $106 | $20 | $57 | $13 |
| Orphanage, other non-profit or charitable services | 2016 | $405 | $30 | $76 | $23 | $19 | $15 |
| Private school or college | 2016 | $405 | $30 | $76 | $23 | $19 | $15 |
| Professional service building | 2016 | $272 | $36 | $106 | $20 | $57 | $13 |
| Public county school | 2016 | $405 | $30 | $76 | $15 | $19 | $7 |
| Restaurant, cafeteria | 2016 | $505 | $35 | $124 | $26 | $57 | $17 |
| Service station | 2016 | $505 | $35 | $124 | $26 | $57 | $17 |
| Single Family | 2016 | $285 | $16 | $176 | $16 | $133 | $16 |
| Store, one story | 2016 | $109 | $35 | $60 | $26 | $43 | $17 |
| Supermarket | 2016 | $505 | $35 | $124 | $26 | $57 | $17 |
| Undefined - Reserved for Use by Department of Revenue | 2016 | $109 | $16 | $60 | $16 | $43 | $16 |
| Utility | 2016 | $405 | $42 | $76 | $15 | $19 | $6 |
| Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 2016 | $405 | $17 | $76 | $10 | $19 | $5 |