$3,150,000

218 Useppa Island

Captiva, FL 33924

Active
5
Beds
7
Baths
5,000
Sq Ft
0.37
Acres
1989
Built
WaterfrontWater accessPrivate poolFireplace$630/sqft360° tour

About this home

Coves Edge is an elevated luxury retreat on coveted Useppa Island in the aquatic preserve of Pine Island Sound. Sitting well above the flood zone, this updated 5BR/5+2 BA home offers long water views, lush privacy, and exceptional amenities. Enjoy 97’ of waterfront with sand beach and riparian rights, plus a private dock with two lifts and additional space for a larger boat. A 40’ lap pool with expansive decking overlooks the Sound, surrounded by mature landscaping on one of the highest elevation points in Lee County. Interiors blend contemporary updates with Old Florida charm. Light-filled principal rooms capture stunning views throughout. The main-floor primary suite includes views of the Sound, an ensuite, walk-in closet and a private staircase to two offices/studios and multiple furnished outdoor retreats. Spacious water view kitchen with Sub-Zero fridge, double ovens, and new custom cabinets and stone countertops. Upper level offers two king guest suites with soaring ceilings, dedicated baths, and access to a 670 SF Sound-view deck and a 225 SF front deck overlooking the Useppa Palm Garden. Lower level includes a queen suite and a 4-twin bunk room for guests. Whole-home generator, hurricane protection, new AC equipment with a dedicated mechanical room and a separate golf cart garage and workshop. Offered turnkey with golf cart and most furnishings. Perfect for seasonal or full-time island living with excellent rental opportunities. Located on the southern end of the island, along the historic Pink Path and overlooking the Sound, you can keep an eye on your boat at the dock just behind the house. Coves Edge cottage is in the boating community of Useppa Island. The 110-acre Sanctuary is a private community and members-only club. With no need for gates or walls, it is surrounded by water, in the pristine Pine Island Sound and Charlotte Harbor aquatic preserves. Geographically it is in the same chain of barrier islands as Sanibel-Captiva, visible to the south, although one island east of the Gulf of America. Accessible only by boat (or aircraft), the commute to the mainland is in a special class of its own. Just a 15-minute joyful boat ride will deliver you to Boca Grande or Pine Island, and thence to all “civilized” conveniences of the mainland. The commute is special in a way that you will never tire of it. Just think-you are not stuck in traffic, or waiting for a light to change, fretting over the packed roads ahead. You are just watching the dolphins play and the birds dive, waving to passing boats with smiling passengers. Yes, not like the mainland! You might be sitting next to one of your Useppa neighbors, who has all their goods delivered to the Shore Port, where the staff will transport them to the island, and her home. Who said it is inconvenient when you don’t have roads? And this beautiful home will let you join the ranks of the smart and lucky who have already landed on Useppa as a lifestyle choice.

Estimated monthly payment

$18,381/mo

Principal & interest$15,928
Property taxes$505
Home insurance (est.)$1,444
HOA dues$505

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history30 days on market

  1. Status: Active
    Mar 25, 2026
  2. Listed$3,575,000
    Mar 25, 2026
  3. Price reduced$3,150,000

Virtual Tour

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Active
Days on market
30
Subdivision
Useppa Island Ph Ii
County
Lee
Year built
1989
Living area
5,000 sq ft
Price/sq ft
$630
Building area
6,200 sq ft (Public Records)
Lot size
16,117 sq ft
Lot category
1/4 to less than 1/2
Flood zone
X
Garage
2 spaces
Pool
Private pool
Annual taxes
$6,055 (2025)
Parcel #
09-44-21-01-00002.0180
Zoning
RM-2
MLS #
C7523756

Interior Details

Bedrooms
5
Full bathrooms
5
Half bathrooms
2
Flooring
Ceramic Tile, Hardwood, Laminate
Appliances
Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range Hood, Refrigerator, Washer, Water Purifier
Interior features
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
Laundry
Inside, Laundry Room
Stories / Levels
Three Or More
Direction faces
West
Fireplace
Yes

Heating & Cooling

Heating
Central, Electric, Zoned
Cooling
Central Air, Zoned

Parking

Garage spaces
2
Attached garage
Yes
Parking features
Covered, Golf Cart Garage, Golf Cart Parking, Ground Level, Guest

HOA & Financial

HOA fee
$505 / Monthly
Monthly HOA
$505/mo
Total monthly fees
$2,127/mo
Total annual fees
$25,525
HOA name
Oscar
CDD
No
Min lease term
1-7 Days
Listing terms
Cash
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
Yes
Additional lease restrictions
Tenants must be Useppa Island Club members, or guests of members. Guests are limited to visiting 1xyear.
Approval process
Application to the Useppa Island Club and Marina for resident membership and initiation fee is $53,250 for a duplex home, or $79,875 for a single family home. Fees include sales tax.

Exterior & Construction

Exterior features
Balcony, Hurricane Shutters, Private Yard, Sliding Doors
Construction materials
Vinyl Siding
Roof
Metal
Foundation
Concrete Perimeter
Pool
Private pool
Waterfront
Yes
Water access
Yes
Water view
Yes
Road surface
Gravel

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Available, Electricity Connected, Phone Available, Private, Propane, Sewer Connected, Underground Utilities, Water Connected

Community

Pets allowed
Cats OK, Dogs OK, Number Limit

Room Details

RoomLevelDimensions
Great RoomSecond20x28
Primary BedroomSecond15x18
Bedroom 2Third15x11
Bedroom 3Third13x19
Bedroom 4First13x11
Bedroom 5First
OfficeThird11x15
WorkshopFirst15x18
KitchenSecond13x17

Listing Details

Listing date
2026-03-25
On market date
2026-03-25
Original list price
$3,575,000
Occupant type
Owner
MLS area
33924 - Captiva
Listing AOR
Port Charlotte
Status changed
2026-03-25
Tax legal description
COTTAGE SITES OF USEPPA IS SITE 11-18 AS DESC IN OR 1830 PG 0809 +2384/2658

Location

Flood zone
X

Directions

From I-75 or US 41 take SR 78, west to Stringfellow Road in the center of Pine Island. Turn right and continue north approximately 7 miles to the Useppa Shore Port in Bokeelia. Alternately, your ride may pick you up in Four Winds Marina-Bokeelia.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of April 24, 2026 at 9:37 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA