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Captiva superhome sale tops for 2014

By Staff | Dec 10, 2014

This Captiva estate closed in October for $8.48 million. The listing agent is with Premier Sotheby’s in Sanibel. SanibelSusan Realty represented the buyer. PHOTO PROVIDED

The highest sale price of a Lee County home this year is being reported by a Sanibel Realtor.

Premier Sotheby’s of Sanibel closed on the Captiva beachfront estate in October for $8.48 million, which is nearly $2 million more than the next highest sale of a Boca Grande home sold this year for a reported $6.6 million.

Jane Reader Weaver with Premier Sotheby’s was the listing agent, with islander Susan Andrews of SanibelSusan Realty Associates listed as the buyer’s agent. Owner/seller names in the purchase were not disclosed, as weren’t commission details.

“Captiva is a very strong and attractive market,” Reader Weaver said, “and is always holding its value.”

The listing sheet for the home on Captiva Drive noted several spectacular amenities, including 200 feet of direct Gulf access. An island Realtor estimated that footage alone is worth some $4 million. The estate consists of a 10-bedroom mainhouse and guest home of some 8,000 square feet of living space.

The home also features a poolside kitchen, a private elevator, an exercise room, a pool/spa, and a three-car garage. The estate built in 2002 is noted for a huge and distinct banyan tree at its entrance. The former owner was assessed $85,330 of property taxes in 2013.

The Southwest Florida residential home market for supersized and pricey homes is, apparently, heating up. Several Lee County homes have this year sold in excess of $5 million, with two estates in Boca Grande sold for more than $6 million each. Another Captiva home sold for $5.3 million, and much larger estates are listed in Captiva by Premier Sotheby’s at nearly $10 million and $15 million, respectively. Sotheby’s in Southwest Florida alone has sold nearly $3.5 billion of property in 2014. That market extends from Marco Island through Tampa.

And the commercial market is hot, too. The owner of a Sanibel resort in October closed on the Waterside Inn for $10 million. An Indiana couple purchased the Waterside from Sanibel investor Bert Jenks.