The home did not sell for 162k. The home was transferred to the owners LLC, this was a disqualified sale. Homes in Sanibel did not drop that drastically, and are holding value. Here is a link to tax page for that home.
If you are interested in homes on the Island I would be happy to e-mail them to you.
Have a great day,
~ National Featured Realtor and Consultant, Lecturer regarding Credit Repair, Mortgage Loan Officer