Limited Equity Ownership Properties

CHR is pleased to announce periodic opportunities to purchase 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.

There are currently no LEO properties available but interested applicants are encouraged to download an application to join the waitlist.

For more information, contact Melissa Rice at Melissa.RIce@SanibelCHR.org.

Beach Road was built in 1987 and is made up of 5 units, four are duplex style and one is a stand-alone single family unit. These units are broken out into rental and Limited Equity Ownership units. The one rental unit is a 2-bedroom/1 bathroom unit with 990 square feet. The four Limited Equity Ownership units are made up of 1 and 2 bedroom units. These units are located at the East end of the Island, on Beach Road.

Centre Place was built in 2009/2010 and is made up of 14 duplex style units. These 14 units are broken out into rental and Limited Equity Ownership units. The total number of rental units is six. These six units are a combination of 2-bedroom/2 bathrooms with 1068 square feet and 3- bedroom/2 bathroom units with 1460 square feet. The total number of Limited Equity Ownership units is eight. These eight units are a combination of 2-bedroom/2 bathrooms with 1068 square feet and 3-bedroom/2 bathroom units with 1460 square feet. These units are located off of Main Street behind Billy’s Bike Rentals.

Sanibel Highlands was built in 1990 and is made up of 3 units, one duplex and one single family unit. These 3 units are broken out into one rental unit and two Limited Equity Ownership units. The one rental unit is a 3-bedroom/2 bathroom unit with 1356 square feet. The two Limited Equity Ownership units are each 2-bedroom/ 2 bathroom. These units are located on Whitehall Road.

Wooster (Lake Palms) is a community of private condos that was built in 1987. CHR owns 4 duplex style units in this condo complex. They are comprised of 1-bedroom/1 bathroom units that are each 498 square feet. These units are located on Wooster Lane.