$3,150,000
218 Useppa Island
Captiva, FL 33924
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
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
- Status: ActiveMar 25, 2026
- Listed$3,575,000Mar 25, 2026
- 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
| Room | Level | Dimensions |
|---|---|---|
| Great Room | Second | 20x28 |
| Primary Bedroom | Second | 15x18 |
| Bedroom 2 | Third | 15x11 |
| Bedroom 3 | Third | 13x19 |
| Bedroom 4 | First | 13x11 |
| Bedroom 5 | First | |
| Office | Third | 11x15 |
| Workshop | First | 15x18 |
| Kitchen | Second | 13x17 |
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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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.
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