
Presently there are approximately 115 condominium complexes on Sanibel and Captiva. Sizes range from a two unit complex to over 400 units. Sizes range from 400 to 3,400 interior square feet. Due to lack of available vacant parcels, new construction of condos has fallen off in recent years. Some estimates put the available beach front properties at 98% built out. Therefore, virtually all condo units on both Sanibel and Captiva are re-sales. Prices for these units are dependent on several variables: location, the view from the property, the size of the unit, and recreational facilities (pool, tennis, clubhouse, etc.).
For purposes of comparison, we have broken down these complexes into five categories, although some may overlap, e.g. Sea Winds is near beach and on a canal. This information is useful as a general guideline to help sort preferences. Allowed rental periods can vary with season.
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CONDOMINIUM AND HOMEOWNER'S ASSOCIATIONS The significant difference between the two types of associations is the form of ownership. Condo owners have individual ownership interest in the interior of their property and share in the ownership interest of "common areas" (e.g. structures, land area and common amenities.) Association fees may include insurance, landscaping and exterior upkeep maintenance costs, etc. Owners in homeowner's associations own interest in their entire structure (interior, exterior and land) and are (normally) responsible for the upkeep of same. They share ownership and expenses in only common facilities or areas, if they exist in that particular association. These common facilities may include pools, and /or tennis courts, guardhouses, gates and some small parcels of green space. Dues are used for the upkeep of these facilities. Most of these are owned as a primary or secondary home, a few are used as vacation rental properties. VIEW CURRENT SANIBEL AND CAPTIVA CONDOMINIUM LISTINGS BY CLICKING ON THE NAME BELOW |
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CAPTIVA ISLAND - OUTSIDE SOUTH SEAS ISLAND RESORT |
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