For sale

Price increase: $30K (4/28)

$5,699,000

16632 Captiva Dr, Captiva, FL 33924

5beds

3,681sqft

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Single Family Residence

Built in 1969

1.06 Acres Lot

$4,987,000 Zestimate^®

$1,548/sqft

$-- HOA

What's special

Screened gazeboPrivate poolDetached garageDirect bay accessBeachside cabanaGulf-front estate opportunity

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!

169 days

613

25

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 4

Rooms

Room types: Laundry, Den

Primary bedroom

Features: Walk-In Closet(s)
Level: Second

Heating

Central

Cooling

Central Air

Appliances

Included: Dryer, Refrigerator
Laundry: Laundry Room

Features

Vaulted Ceiling(s)
Flooring: Carpet, Tile
Doors: Sliding Doors
Windows: Single Hung
Has fireplace: Yes

Interior area

Total structure area: 4,853
Total interior livable area: 3,681 sqft

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Property

Parking

Parking features: Separate Garage
Has garage: Yes

Features

Patio & porch: Screened
Exterior features: Dock
Has private pool: Yes
Pool features: In Ground, Fenced, Gunite, Private
Has view: Yes
View description: Water
Has water view: Yes
Water view: Water
Waterfront features: Gulf, See Remarks

Lot

Size: 1.06 Acres
Features: Bulkhead/Seawall, Estate Zoned, Other, Irregular Lot

Details

Parcel number: 03462100000150000

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame, Stucco
Roof: Tile

Condition

Year built: 1969

Utilities & green energy

Sewer: Septic Tank
Water: Public

Community & HOA

Community

Subdivision: Metes And Bounds

HOA

Has HOA: No

Location

Region: Captiva

Financial & listing details

Price per square foot: $1,548/sqft
Tax assessed value: $4,481,218
Annual tax amount: $62,320
Date on market: 1/17/2026
Cumulative days on market: 1098 days
Listing terms: BTF/Cash
Lease term: Weekly

Estimated market value

$4,987,000

$4.74M - $5.29M

$6,887/mo

Price history

Date	Event	Price
4/28/2026	Price change	$5,699,000+0.5%$1,548/sqft
Source: Florida Gulf Coast MLS #2026002529 Report a problem
4/28/2026	Price change	$5,669,000-4.7%$1,540/sqft
Source: Sanibel And Captiva Island AOR #2260076 Report a problem
7/10/2025	Price change	$5,950,000-4.8%$1,616/sqft
Source: Sanibel And Captiva Island AOR #2250025 Report a problem
4/15/2025	Listed for sale	$6,250,000$1,698/sqft
Source: Sanibel And Captiva Island AOR #2250025 Report a problem
2/16/2025	Pending sale	$6,250,000$1,698/sqft
Source: Sanibel And Captiva Island AOR #2250025 Report a problem
1/8/2025	Listed for sale	$6,250,000$1,698/sqft
Source: Sanibel And Captiva Island AOR #2250025 Report a problem
12/3/2024	Listing removed	$6,250,000$1,698/sqft
Source: SWFLMLS #223043006 Report a problem
11/6/2024	Price change	$6,250,000-9.4%$1,698/sqft
Source: Sanibel And Captiva Island AOR #2230646 Report a problem
10/24/2024	Price change	$6,900,000-8%$1,874/sqft
Source: Sanibel And Captiva Island AOR #2230646 Report a problem
3/20/2024	Price change	$7,500,000-5.7%$2,037/sqft
Source: Sanibel And Captiva Island AOR #2230646 Report a problem
11/2/2023	Price change	$7,950,000-9.1%$2,160/sqft
Source: Sanibel And Captiva Island AOR #2230646 Report a problem
6/12/2023	Listed for sale	$8,750,000$2,377/sqft
Source: Sanibel And Captiva Island AOR #2230646 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$63,053 -23.7%	$4,481,218 +0.4%
2024	$82,612 +45%	$4,463,392 -3.6%
2023	$56,976 +110%	$4,630,245 +144.1%
2022	$27,135 +4.5%	$1,897,126 +3%
2021	$25,954 -4%	$1,841,870 +1.4%
2020	$27,030 +1.5%	$1,816,440 -37.7%
2019	$26,621	$2,915,078 +67.3%
2018	$26,621 +1.1%	$1,742,494 +2.1%
2017	$26,322 +0.9%	$1,706,654 -34.7%
2014	$26,081	$2,614,365

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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