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Island Update

F.I.S.H. announces annual 10K

Annual 10K Race 4 F.I.S.H

F.I.S.H. of Sanibel-Captiva will host its 13th Annual 10K Race 4 F.I.S.H. on Oct. 23, in conjunction with the Fort Myers Track Club. Planning is in beginning stages and additional details are forthcoming.

As in years past, Hortoon’s creator Dave Horton designed the event logo depicting his lovable animal characters. Horton has been crafting amusing cartoon drawings for newsprint since he was in high school, starting with his school newspaper and eventually landing a deal with Hallmark as a teenager.

Annual 10K Race 4 F.I.S.H

Participating runners will receive a dri-fit shirt with the logo on the front.

F.I.S.H. has had great fun with its annual 10K race. Last year, out of an abundance of caution for the public, the event was held virtually where runners participated and logged their time in October.

For information on sponsorships, as well as 10K Days — opportunities for island businesses to showcase their establishments and support F.I.S.H. — visit https://www.fishofsancap.org

For more information, contact Cortese at Dianerc10@gmail.com.

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Island Update

Peak sea turtle nesting season kicks in

June is peak nesting season for sea turtles, so it is an exciting month for the Sanibel-Captiva Conservation Foundation as it monitors nests and addresses a few on-the-ground projects.

SCCF Sea Turtle Program staff are relocating nests on Captiva in preparation for the upcoming beach re-nourishment project by the Captiva Erosion Prevention District, officials reported. Existing nests within the project area will have hatched prior to mobilization at the end of July. The SCCF is operating under a permit issued by the Florida Fish and Wildlife Conservation Commission to do the work.

Although nesting activity is rarely reported on the Sanibel Causeway Islands, the SCCF has been contracted to monitor Island B daily to document and relocate nests before construction begins on the island on Aug. 1. Additionally, the SCCF is launching a research project to study the impacts of sand quality on nest temperature, moisture and how the water moves through the sand surrounding the nest.

Three new interns joined the team to help with monitoring, relocation and research efforts. Emily Skinner, Taylor Lawrence, and Malina Baker arrived two weeks ago.

Sea turtle

SCCF’s team had recorded 228 loggerhead nests and three green sea turtle nests as of June 2. There appears to be a high proportion of returning turtles nesting on Sanibel. Sixty-three percent of the turtles have been previously tagged by the team.

Those who come upon a female during nesting season are asked to keep their distance, be quiet, do not use a flashlight or white light, and enjoy the moment. For information, visit SanCapLifeSavers.org

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Island Update

Mortgage Rates Keep Hovering but Down Slightly This Week

The 30-year, fixed-rate mortgage averaged 2.96% this week, down marginally from last week’s 2.99% as it remains in under-3% territory.

The 30-year fixed-rate mortgage (FRM) averaged 2.96% this week, according to Freddie Mac’s weekly survey. It’s a slight drop from last week when the FRM came close to the 3% mark, averaging 2.99%.

For the week of June 10, 2021:

  • The 30-year fixed-rate mortgage averaged 2.96% with an average 0.7 point, down from last week’s average 2.99%. A year ago, it averaged 3.21%.
  • The 15-year fixed-rate mortgage averaged 2.23% with an average 0.6 point, down from last week’s 2.27%. A year ago, it averaged 2.62%.
  • A 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.55% with an average 0.2 point, down from last week’s 2.64%. A year ago, it averaged 3.10%.
Categories
Island Update Real Estate News

Hurricane Season Preparation Tips

The 2021 hurricane season is here. Readiness implies something beyond making a fiasco pack and evaluating your family’s disater plan, albeit these are basic initial steps.

There’s significantly more you can do to secure your home and family before a hurricane hits. You can limit expected damage from flooding and high breezes by being ready.

Plan in advance

  • Document items and contents in your home in photos.
  • Put together your disaster kit. This includes, but is not limited to: shelf stable foods, water, flashlights, battery-powered radios, batteries, medical, accessibility and pet supplies, cash, and first-aid supplies. If you wait until the last minute, you may encounter diminished or depleted supplies, crowds, and increased traffic on our roads.
  • Buy a National Flood Insurance Policy from your insurance company. Standard homeowner’s insurance policies do not cover flood damage. See msc.fema.gov/portal to know the flood risk in your area and see floodsmart.gov for information about risk and rates.
  • Download the FEMA app at fema.gov/mobile-app. The app provides disaster resources, safety tips, maps of open shelters, and weather alerts from the National Weather Service. Go to Ready.gov for more details.

Trees with trunks larger than six inches in diameter should be far enough away from your house that they cannot fall on it. Remove branches that loom over utility wires. Professional regular pruning done can create a sturdy, well-spaced framework of tree branches with an open canopy that allows wind to flow freely through.

During a hurricane watch

Obtain severe weather information from NOAA website www.noaa.gov it provides real time data.

  • Keep an eye on phone alerts, stay tuned to TV or radio weather reports
  • Activate your disaster plan, go through your disaster kit. Make sure you have enough stock of essential items such as food/water, flashlights, battery-powered radios, batteries, medical, accessibility and pet supplies, cash and first-aid supplies.
  • Place your important documents such as as driver’s licenses, social security cards, passports, birth certificates, vehicle registration cards and insurance policies in a waterproof, portable container.
  • Know what you and your family will do if there is an evacuation order.

During a hurricane warning

  • Keep an eye on phone alerts and regular weather reports
  • Fill vehicle with gas
  • Keep your mobile devises fully charged
  • Disconnect electrical appliances
  • Bring your pets inside
  • Bring any loose items such as trash cans, yard furniture, bbq grills, items on your docks etc inside.
  • If you evacuate, turn off gas and electricity at the main switch or valve.

For additional information on hurricanes, visit ready.gov/hurricanes; for details on floods, visit ready.gov/floods. For more information on recovery, visit FEMA.gov, or follow @FEMARegion4 on Twitter and FEMA’s Facebook page.

Categories
Island Update

Captiva Beach-Nourishment Project Timeline 2021

Captiva ISLAND Beach Brief

Great Lakes Dredge and Dock (GLDD) has provided CEPD with both a best-case, and a worst case scenario for the Captiva Beach-Nourishment Project Timeline. The worst-case scenario accounts for unplanned delays such as storms or other inclement weather, equipment issues, or other unforeseen challenges. Below are two timelines for the project, which have been provided to CEPD by the contractor. CEPD anticipates hosting a Town Hall via zoom and in person for late July with the Project Manager from GLDD. This meeting will allow residents and members of the public to ask questions prior to the start of the project.

Project timeline

Best case scenario

  • Dredging and Beachfill South ½ of Island – August 5th to 18th August
  • Dredging and Beachfill North ½ of Island – August 18th to 6th September
  • Demobilization – September 6th to 18th September

Worst case scenario

  • Dredging and Beachfill South ½ of Island – August 5th to August 30th
  • Dredging and Beachfill North ½ of Island – August 30th to September 24th
  • Demobilization – September 24th to October 6th
Captiva Sunset
Captiva Island Beaches are famous for its Majestic Sunsets

During the Captiva Erosion Prevention District board meeting on June 7th, 2021, staff received direction from commissioners to prepare the Benefits Based Model of the beach nourishment apportionment and set the public hearing date for tentative apportionment as June 28th, 2021, at 5:01PM. The Benefits Based Model has a section for storm protection benefits applied to all gulf front properties as derived from the analysis performed by the coastal engineers at APTIM. It also separates the recreational benefits associated to each of the properties on Captiva Island into commercial, residential, and homesteaded residential properties based upon the study done by economist Dr. Stronge, commissioned by the CEPD.

This model attributes the highest millage rate to the commercial properties, followed by the residential non-homesteaded properties, and offers a 42.1% discount to the homesteaded properties. CEPD will be sending out letters to property owners explaining the apportionment by June 17th and will be placing an advertisement in the paper for the Tentative Apportionment Hearing on June 28 at 5:01 p.m. where all residents and property owners will have the opportunity for their concerns to be heard.

Click here to read the entire article

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Island Update

Captiva Island Beach Re-nourishment May 2021 Update

Great Lakes Dredge & Dock Corp. announced the receipt of several major dredging awards totaling $112.8 million including the $15.6 million Captiva Island Beach Renourishment Project. The Captiva Island Beach Renourishment Project involves placement of sand to improve and support five miles of sea shore along Captiva Island. This project will help protect and reinforce the island’s shoreline. Great Lakes worked on renourishment of the beach in 2013. the Captiva Erosion Prevention District and is privately funded for this project. Work is likely to commence in the third quarter with anticipated completion in October of 2021.

Source: workboat.com

Below is the list of all Captiva Island active listing for sale.


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Real Estate News

HomeLook Magazine June 2021

HomeLook Magazine June 2021 Edition

Browse through our collection of feature Sanibe, Captiva, & SWFL properties for sale. Featured Residential, Condo and Vacant lot listed for sale. Homelook Magazine demonstrate our portfolio of active MLS listing.

HomeLook June 2021


Click here to view the HomeLook Magazine

 

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Island Update

Captiva Beach Brief by Captiva Erosion Prevention District

Got Sand?

The recent Beach Renourishment Bid Selection means Captiva renourishment will commence July 2021 and likely go through October 2021.

During the May Board Meeting of the Captiva Erosion Prevention District (CEPD), Commissioners accepted the engineering and CEPD staff recommendations on the selection of the dredging contractor. Great Lakes Dredge and Dock Company (GLDD) was awarded the contract with a low bid of $15,625,485.

The bids were submitted with the condition that the Commissioners may decide to adjust the amount of sand placed on the project by as much as 25%. The low bid unit price per cubic yard for sand came in only marginally greater than the last project by $0.05 per cubic yard. This attractive and highly competitive bid provides an opportunity for the CEPD to increase the volume of the project as appropriate. The CEPD has authority to elicit a change work order to increase the project sand volume even higher should our sand needs extend beyond the +25% threshold. Total project costs are still being estimated.

The CEPD is planning a public Town Hall meeting once the timeline for the project has been finalized, tentatively in late June or middle July. This meeting will provide Captiva residents, property owners and businesses an opportunity to meet with the contractors, Commissioners, CEPD staff and SCCF for questions surrounding the project.

In 2019, Captiva residents voted with a significant majority in favor of a referendum to borrow an amount not to exceed $18,000,000. This authorizes the CEPD to finance the cost of the beach nourishment project until all costs are known and the apportionment of the costs can be appropriately assessed to property owners. At the May Board meeting, the CEPD Board also voted to finalize negotiations for a municipal bond loan with Synovus Bank; Mr. Mark E. Raymond, Esq., was approved by the board to serve as the district’s bond counsel and has worked on the CEPD loans for past projects.

Turn off your lights!

We are currently up to 36 nests since the May 1st start date of turtle season. Sea turtle hatchlings emerging from the nests can be found heading in the wrong direction when artificial lighting emanating from nearby beachfront properties. Instead of finding their way toward the Gulf of Mexico, the disorientated hatchlings will head into the dune vegetation and towards the artificial light.

Unshielded interior lighting, even from just a single beachfront condominium, resort unit, or residence is enough to disrupt the normal sea-finding behavior of sea turtle hatchlings. Hatchlings are guided to the ocean by an instinct to travel away from the dark silhouettes of the dune vegetation and toward the brightest horizon – light from the sky reflecting off the ocean. Artificial lights near the beach can deter females from nesting and disorient hatchlings. Most hatchlings that wander inland will die of exhaustion, dehydration or predation. Please protect the sea turtles by and remember to turn off lights, close curtains and blinds after dark. This simple practice is a true life-saver for sea turtles. Sea turtle hatchling disorientations are 100% preventable and it is our responsibility to ensure that these amazing creatures survive for future generations to enjoy.

Click here to read entire article

Categories
Island Update

Hurricane season approaches

The arrival of the first named storm of the Atlantic hurricane season – Ana, which formed Saturday – is a reminder that the official start of the storm season is June 1.

If you missed the hurricane preparation discussion by Chief Jeff Pawul and Lt. Mike Sawicki at the last Community Panel meeting, Chief Pawul has put together a summary f what you’ll need to know in advance of any storm. Click here to download a copy.

Categories
Real Estate News

April 2021 Southwest Florida Real Estate Insights

Closed Sales
April posted 4,837 closed sales, over double that for April of last year when an abnormally low 2,234 sales were posted due to the initial impacts of the pandemic. Comparing April 2021 sales with the average for April 2017, 2018, and 2019, sales were up 74% from 2,774 to 4,837. On a 12-month rolling basis, sales through April 30 were up 40.8% from 27,658 to 38,942.

Listing Inventory / New Listings
As of April 30, 2021, there were 2,390 properties on the market, down 79.8% from the same date last year when 11,801 properties were available. Months of supply as of April 30 was under one month, at .74, down 85.6% from last year when 5.12 months was posted. New listings for April were up 95.4% from last year, mainly due to last April’s sharp but temporary drop in new listings due to uncertainty about the pandemic at that time. However, at 3,587, new listings for April 2021 were consistent with the 3,670 average for April 2017, 2018, and 2019. On a 12-month rolling basis, new listings were up 1.7% from 38,149 to 38,800.

Average Selling price
For the 12-month period through April 30, the average selling price was $557,227, up 23.15% from the preceding 12-month period when a $452,496 average was posted.

Summary
We’ve experienced a steady decline in standing inventory over the past year; however, the rate of that decline has started to decrease in recent weeks. This is due in part to a modest increase in new inventory entering the market over the past few weeks when compared to typical patterns for this time of year. With standing inventory still in short supply, it is this increase of new inventory that is helping satisfy continued strong buyer demand

April 2021 Insights

Click here for detailed report