About this home
A rare Gulf-front estate opportunity on Captiva Island featuring approximately 100 feet of direct beachfront and estate owned multifamily entitlement, a combination virtually impossible to replicate under current zoning and coastal regulations. The property includes a 3 bedrooms, 3 baths main home with a 2 bedroom guest home, private pool, detached garage and beachside cabana and screened gazebo. The estate zoning with multifamily use sets this property apart for a custom legacy residence, multigenerational compound, or future redevelopment, while preserving the low density character of this stretch of Captiva Drive. Opportunities of this scale, frontage, and zoning are exceedingly limited and rarely come to market. A grandfathered shared bulkhead adds lasting value and provides direct bay access. Positioned among Captiva’s most notable properties, this estate parcel delivers exceptional value to renovate or explore redevelopment opportunities!
Listing last checked: Listing updated:
Listed by Sue Plein · Kingfisher Real Estate, Inc. · MLS #2026002529
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Details at a glance
Interior3 property facts
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Flooring
- Carpet, Tile
Building4 property facts
- Style
- Single Family Residence
- Year built
- 1969
- Garage
- 1
- Roof
- Tile
Land & utilities4 property facts
- Lot size
- 1.062 acres
- Water
- Public
- Sewer
- Septic Tank
- Waterfront
- Y
Financial3 property facts
- Annual taxes
- $62,321
- Assessment year
- 2024
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $5,699,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$34,011 / monthAdjust
- Principal & interest
- $28,817
- Property tax
- $5,193
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $62,321. 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.
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About 16632 Captiva Drive
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