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This is the only true waterfront property currently available in this price range on Pine Island, offering a rare opportunity to own in the highly sought-after boating community of Captain’s Cove.
Perfectly positioned on the widest canal in Bokeelia, this home provides immediate, no-bridge access just one minute to Jug Creek and out to Pine Island Sound, Charlotte Harbor, Boca Grande Pass, and the Gulf of Mexico. For serious boaters, the location simply doesn’t get better.
This elevated stilt home welcomes you with an open, light-filled floor plan designed to maximize water views and natural light. The upper-level features three spacious bedrooms with den and two full bathrooms, along with a seamless living, kitchen, and dining area that opens to a large rear deck overlooking the channel. It is the perfect setting for sunset cocktails, morning coffee, and year-round waterfront relaxation.
The kitchen has been thoughtfully updated with brand-new appliances installed in 2025, including a dishwasher, stove, microwave, and refrigerator, providing modern convenience and peace of mind for the next owner.
The fully functional lower level offers exceptional flexibility. With its own private entrance, full kitchen, living area, spacious bedroom, and full bath, it is ideal for guests, extended family, college students, a home office, or potential rental income. This level also includes a laundry room, enclosed patio, fully enclosed workshop with sliding barn doors, and abundant storage space.
The property is designed for the waterfront lifestyle. A private dock features a 10, 000-pound boat lift protected by a steel-framed canopy installed by Coastline Boat Lift Covers. Blue dock lighting enhances the evening ambiance, and a KayaArm system makes launching kayaks effortless. The grounds easily accommodate vehicles, an RV, boat trailer, and recreational equipment. An extra-long 80-foot by 20-foot limestone driveway with professional underlayment provides durable, weed-resistant parking, bordered by extensive landscaping and privacy-enhancing clusia plantings.
Over $100, 000 in recent improvements have further elevated the property, including more than 60 clusia privacy plants, a navel orange tree, hibiscus landscaping, a fully screened back porch, enclosed carport conversion to a large storage space with possible living potential, granite rock pathways with custom edging, decorative exterior shutters, a charming lighthouse mailbox, remodeled upstairs bathroom, and a newer upstairs A/C system with updated ductwork.
This home combines immediate Gulf access, rare canal width, flexible living space, significant upgrades, and true boating convenience — all within one of Pine Island’s most desirable communities.
This is more than a home. It is a fully realized waterfront lifestyle.
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Our Executive Mortgage Banker:
Our Insurance Division:
$889,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $711,200 | $711,200 | $711,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.300% | 6.375% | 6.203% |
| Monthly Tax Payment | $769 | $769 | $769 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,207 | $4,379 | $6,002 |
| Total Monthly Payment | $5,068 | $5,240 | $6,863 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.