If you’ve been looking for something that truly feels like a Southwest Florida escape… this is it. Welcome to Waters Edge II... a private, gated community tucked right off Iona Road along the Caloosahatchee River, just minutes from where it opens into the Gulf. From here, you’re not just close to Sanibel, Captiva, and Fort Myers Beach… you’re living in the middle of it all. You’ll find a private, white sandy beach, marina, and 600-foot fishing pier with that “on a boat feeling” while viewing gorgeous sunsets, all right inside the community. It’s one of those hidden gems people find and never want to leave.
When entering the villa, you’ll notice how tropical and private it feels surrounded by varied and colorful tropical plants including 3 varieties of palms. With southwestern exposure, you can enjoy those incredible Florida sunsets from your own lanai.
The exterior was freshly painted in 2024, including the soffits. There are new gutters (2024), new roof (2023), new HVAC (2025) and all windows are protected with impact shutters by Storm Smart including electric roll downs covering the lanai and front door, clear Lexan on the arched windows and accordion style on the rest. All the big-ticket items are already taken care of.
The layout is a true open-concept design, with the living room, dining area, and kitchen connected, yet; separate for easy, everyday living. The recessed triple sliding glass doors open completely to the screened lanai, giving you that seamless indoor-outdoor lifestyle Florida is known for. The kitchen has a unique, functional setup with a large island that combines the counter top, sink and dinette table all in one. It’s perfect for cooking or hosting. The light, stone-colored tile flooring throughout matches any décor except in the bedrooms where Brazilian Cherry hardwood floors add warmth and a more custom feel.
The primary suite is spacious, and has direct access to the lanai. The bathroom features dual sinks, soaking tub, walk-in shower, skylight for natural light, and large walk-in closet.
The second bedroom is also spacious with a sizable closet. Kitty corner to it is a nice-size bath with a white, tiled shower over a porcelain tub, sink and ample mirror. With guests in mind, these two rooms have a pull-out door extending across the hallway that adds privacy.
A rosy, cozy third bedroom opposite the kitchen contains one of the long, arched windows. It can flex to an office instead if desired. Attached to the Villa is a two-car garage.
There are two community pools—one just around the corner—plus tennis and pickleball courts with an active, welcoming community. The marina has wet and dry slips available for lease, boat launch and trailer storage. The beach, pier and pavilion to relax and take it all in are right there too.
To top it off, this villa has never seen flooding from any of the storms.
Active
Price cut: $16K (6/24)
$379,000
15220 Cape Sable Ln, Fort Myers, FL 33908
3beds
2,014sqft
Single Family Residence
Built in 2000
4,460 Square Feet Lot
$-- Zestimate®
$188/sqft
$800/mo HOA
What's special
Private gated communityPrivate white sandy beach
- 171 days
- 657
- 21
Zillow last checked:
Listing updated:
Listed by:
Jackson Simison 239-848-7588,
Royal Shell Real Estate, Inc.,
Michael McMurray 239-850-7888,
Royal Shell Real Estate, Inc.
Source: Florida Gulf Coast MLS,MLS#: 2026012831
Originating MLS: Florida Gulf Coast
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Screened Porch
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Freezer, Disposal, Ice Maker, Microwave, Range, Refrigerator, RefrigeratorWithIce Maker, Washer
- Laundry: Washer Hookup, Dryer Hookup, Inside, Laundry Tub
Features
- Breakfast Bar, Built-in Features, Bedroom on Main Level, Bathtub, Dual Sinks, Family/Dining Room, High Ceilings, Kitchen Island, Living/Dining Room, Main Level Primary, Pantry, Separate Shower, High Speed Internet, Split Bedrooms, Screened Porch
- Flooring: Tile, Wood
- Windows: Arched, Single Hung, Sliding, Shutters
Interior area
- Total structure area: 2,448
- Total interior livable area: 2,014 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage, Garage Door Opener
- Attached garage spaces: 2
Features
- Stories: 1
- Patio & porch: Lanai, Porch, Screened
- Exterior features: None, Shutters Electric, Shutters Manual
- Has view: Yes
- View description: Landscaped
- Waterfront features: None
Lot
- Size: 4,460 Square Feet
- Features: Rectangular Lot
Details
- Additional structures: Guest House Attached
- Parcel number: 3645233000000.017A
- Lease amount: $0
- Zoning description: RM-2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,One Story
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Block, Concrete, Stucco
- Roof: Tile
Condition
- Resale
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, High Speed Internet Available
Community & HOA
Community
- Features: Boat Facilities, Condo Hotel Community, Gated, Near Hotel/Motel, Tennis Court(s), Street Lights
- Security: Smoke Detector(s)
- Condo and coop fee: $0
- Membership fee: $0
- Subdivision: WATERS EDGE TWO AT PEPPERTREE POINTE
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Boat Dock, Marina, Boat Ramp, Barbecue, Picnic Area, Pier, Boat Slip, Tennis Court(s), Management
- Services included: Association Management, Insurance, Irrigation Water, Legal/Accounting, Maintenance Grounds, Pest Control, Recreation Facilities, Reserve Fund, Road Maintenance, Sewer, Street Lights, Security, Trash
- HOA phone: 000-000-0000
- Second HOA fee: $2,400 quarterly
Location
- Region: Fort Myers
Financial & listing details
- Price per square foot: $188/sqft
- Tax assessed value: $297,564
- Annual tax amount: $4,339
- Date on market: 3/19/2026
- Cumulative days on market: 172 days
- Listing terms: All Financing Considered,Cash
- Ownership: Single Family
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listing removed | $2,400$1/sqft |
Source: Florida Gulf Coast MLS #2026029570 Report a problem | ||
| 7/13/2026 | Listed for rent | $2,400$1/sqft |
Source: Florida Gulf Coast MLS #2026029570 Report a problem | ||
| 6/24/2026 | Price change | $379,000-4.1%$188/sqft |
Source: | ||
| 6/1/2026 | Price change | $395,000-2.5%$196/sqft |
Source: | ||
| 4/23/2026 | Price change | $405,000-2.9%$201/sqft |
Source: | ||
| 3/19/2026 | Listed for sale | $417,000+72.3%$207/sqft |
Source: | ||
| 7/28/2008 | Sold | $242,000-10.3%$120/sqft |
Source: Public Record Report a problem | ||
| 12/14/2007 | Price change | $269,900-18%$134/sqft |
Source: Century 21 #200753698 Report a problem | ||
| 12/1/2007 | Listed for sale | $329,000+46.9%$163/sqft |
Source: Century 21 #200753698 Report a problem | ||
| 3/13/2003 | Sold | $224,000+13.1%$111/sqft |
Source: Public Record Report a problem | ||
| 5/6/2002 | Sold | $198,000$98/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,340 -6.8% | $297,564 -4.4% |
| 2024 | $4,657 -2.1% | $311,100 +10% |
| 2023 | $4,756 +14.4% | $282,818 +10% |
| 2022 | $4,159 +17.5% | $257,107 +10% |
| 2021 | $3,540 -0.4% | $233,734 +1.2% |
| 2020 | $3,555 -1.1% | $230,945 -0.3% |
| 2019 | $3,594 | $231,753 |
| 2018 | $3,594 -2.2% | $231,753 -0.3% |
| 2017 | $3,674 +1.9% | $232,560 +18.8% |
| 2016 | $3,604 +19% | $195,761 +10.5% |
| 2015 | $3,027 | $177,100 +4.5% |
| 2014 | $3,027 +3.9% | $169,400 +9.9% |
| 2013 | $2,913 +16.9% | $154,100 +7.2% |
| 2012 | $2,493 -9.5% | $143,700 -8.1% |
| 2011 | $2,755 +6.7% | $156,300 +10.1% |
| 2010 | $2,582 -27.3% | $142,000 -31.6% |
| 2009 | $3,552 +16% | $207,510 -9.8% |
| 2008 | $3,063 -2.9% | $230,000 -14.2% |
| 2007 | $3,153 -2% | $268,000 +11.2% |
| 2006 | $3,217 -7.5% | $241,000 +20.5% |
| 2004 | $3,478 +4.3% | $200,000 +22.7% |
| 2003 | $3,336 +1.2% | $163,000 |
| 2002 | $3,295 | $163,000 +482.1% |
| 2000 | -- | $28,000 |
Find assessor info on the county website
Monthly payment
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