CHR Announces Limited Equity Ownership Home for Sale

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Built in 2009, the CHR home for sale is one of the newest in our Limited Equity Ownership program.

Built in 2009, the CHR home for sale is one of the newest in our Limited Equity Ownership program.

CHR is pleased to announce the sale of one of the homes in our Limited Equity Ownership (LEO) Program, which provides home ownership opportunities to those who work on Sanibel but who would not normally be able to afford to purchase a home in the island community. LEO homes earn a guaranteed annual appreciation during the first ten years of ownership, which helps owners to build up equity.

Located mid-island, the unfurnished home has three bedrooms and two baths, 1,460 square feet, and is move-in ready. The price for the home is $248,000 and the buyer must meet CHR qualifications including being a family of three or more, working full-time on Sanibel, and meeting certain income requirements.

Interested applicants are encouraged to download an application HERE. For more information, call Kelly Collini at CHR at 239-472-1189.