Florida is the number one state to retire to, and if you’re coming down with deep pockets, this is the fourth in the series. Perhaps you prefer the island life? Today I’ve compiled a list of the 10 most expensive homes for sale in Sanibel. If you’re coming down with bags and prefer the mainland, I’d suggest you check out The 10 Most Expensive Houses For Sale In Naples Right Now. Maybe the bank will only loan you 5 million, check out The 10 Most Expensive Properties For Sale in Fort Myers Right Now. For those of us that live in Southwest Florida, we know that Sanibel Island is special. More than one celebrity has called Sanibel their second or even main home.
So if you’ve got the cash, or maybe you just won the Powerball and want to check out houses for sale in Sanibel. Or a big raise at the job. No problem, but if you’re looking to finance, better do it quick before interest rates go up. Financing a 8 million dollar house is roughly $35,000 a month for principal and interest. Don’t forget the taxes, and since many of the homes are on or very near the beach, there’s a lot more upkeep involved. That salt water takes a toll.
Many of these homes are pending or even contingent. The Southwest Florida market is super hot right now, so if you see something you like best to grab it quick. Shout out to The 9 Most Expensive Fayetteville Homes“. I’ve never been to Fayetteville but by looking at the list, a million dollars goes a lot further than it does here in Southwest Florida. Also shout out to my realtor neighbor Mark, who drives an obnoxious Black Corvette that looks like the Batmobile.
I did a search on Realtor.com for properties in Sanibel over $900,000 and it came back with 72 results. Let’s just take a look at the top 10 homes for sale on Sanibel Island right now.