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Bean Group
Offered at $225,000Active
beds
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baths
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sq ft
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Built
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5414 Martin Cove

Bokeelia, FL 33922

About this home

Waterfront Opportunity in Serenity Cove – Direct Gulf Access with Dock & Lift! Build your island dream home on this rare .33-acre cleared canal-front lot located in one of Bokeelia’s most desirable neighborhoods, Serenity Cove. Surrounded by beautiful homes and offering direct Gulf access with no bridges, this property is truly a boater’s paradise—just minutes to world-class fishing, pristine beaches, and open water. Already equipped for waterfront living, the property features a newly updated boat lift (2024), composite dock, and electric at the dock, allowing you to start enjoying the boating lifestyle immediately while you plan your custom home. From your backyard, enjoy easy access to Cayo Costa, Sanibel, Cabbage Key, and a short boat ride to Jug Creek Marina—perfect for waterfront dining, island hopping, and sunset cruises. Professionally maintained mangroves enhance privacy while framing peaceful water views. With no HOA restrictions, you’ll have the freedom to build at your own pace and create the coastal retreat you’ve been dreaming of. Seller may consider seller financing, adding flexibility to this exceptional opportunity. Don’t miss your chance to own a ready-to-go waterfront lot in Serenity Cove—where island breezes, sunset cruises, and endless boating adventures await.

Listing last checked: Listing updated:

Listed by Becky White · EXP Realty LLC · MLS #2025009853

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Details at a glance

Building1 property facts
Style
Residential
Land & utilities4 property facts
Lot size
0.328 acres
Water
Public
Sewer
None
Waterfront
Y
Financial3 property facts
Annual taxes
$2,228
Assessment year
2024
HOA fee
$0 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $225,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,323 / monthAdjust
Principal & interest
$1,138
Property tax
$186
Insurance
Not entered
HOA
$0

Listing annual taxes: $2,228. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.

Partial estimate: add insurance to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Sld

    $229,900 · Sold $229,900 · May 10, 2023

  2. Sld

    $149,900 · Sold $172,000 · Sep 20, 2021

  3. Sld

    $69,000 · Sold $73,000 · May 20, 2009

  4. Sld

    $280,000 · Sold $270,000 · Feb 4, 2005

More property insights

Comparable properties 3 supplied

Sold Aug 7, 2026

$225,000

3409 Embers Parkway W

Sold Jul 15, 2026

$235,000

402 NW 34th Place

Sold Jul 31, 2026

$225,000

4011 Gulfstream Parkway

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About 5414 Martin Cove

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Request a tour of 5414 Martin Cove and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.