$399,900
2 Bed Waterfront Home for Sale in Captains Bay South, FL
22724 Island Pines Way 403, Fort Myers Beach, FL, 33931
About this home
It's all about the breathtaking views from every room in this immaculate 4th floor end unit at Captain's Bay South ready for you or renters to enjoy now! Gulf views from your front lanai & Estero Bay views from the back! IMPACT GLASS SLIDERS on corner screened lanai offer spectacular views to the Bay overlooking the natural waterway and preserve to ensure your view is enjoyed for many years to come! This END UNIT is Bright and spacious offering a split 2 Bedroom/2 Full Bath open floor plan with 9 ft ceilings, full size laundry room with extra storage, NEW AC & HWH 2023, Roof new in 2018. Sought after end unit with larger size bay window, warm color tones, tile on the diagonal, generous size kitchen with above cabinet decor and accent lighting, thoughtfully redesigned kitchen with dishwasher moved for a more workable space, fully furnished and ready to call home! Spacious master suite with hickory wood flooring and access to screened/glassed in lanai, walk-in closet, owner's ensuite bath w/ dual sink marble top vanity, separate WC includes a walk-in shower and convenient linen closet. Private covered and screened entry so no one walking by your unit, secured elevator lobby or secure stairway access along with under building assigned parking and generous storage closet. Beautiful sunrise views to start your mornings, sparkling heated pool for an afternoon dip or enjoy some beach time just across the Blvd. to the sugary sands of the Gulf of Mexico waters and an unforgettable Fort Myers Beach sunset! Indoor/Outdoor living where you can enjoy a relaxing and peaceful setting and vast bay views, native beach birds rain or shine.Captain's Bay South offers 14 day rentals and includes many amenities for you and your guests to enjoy, 2 heated pools, tennis/pickle ball courts & BBQ picnic area. Close to CVS now open and trolley stop to take you to Publix Grocery, Times Square, waterfront restaurants and shops or the local farmer's markets and marina's. All Assessments Paid!
Property details
- Type
- Condominium
- Year built
- 1997
- Interior
- 1,073 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 22
- Total association fees
- $10,404/yr (~$867/mo)
- CDD
- None
- Est. taxes (1.4%)
- $5,599/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- Northeast
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Public Sewer
- New construction
- No
- Pets
- Call, Conditional
- County
- Lee
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges — mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees — which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
Based on the $/sqft of 10 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Recently sold nearby
Closed comparable sales within ~1 mile in the last 12 months — similar price, size, beds/baths, and age.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 22748 Island Pines Way 102 | Sep 2025 | $340,000 | 2/2 | 1,095 | $311 |
| 4571 Bay Beach Lane 373 | Jun 2026 | $355,000 | 2/2 | 1,156 | $307 |
| 4431 Bay Beach Lane 522 | Jul 2026 | $390,000 | 2/2 | 1,060 | $368 |
| 4431 Bay Beach Lane 554 | Mar 2026 | $440,000 | 3/2 | 1,197 | $368 |
| 7317 Estero Boulevard 108 | Dec 2025 | $385,000 | 2/2 | 1,076 | $358 |
| 4521 Bay Beach Lane 325 | Sep 2025 | $415,000 | 2/2 | 1,214 | $342 |
| Average | 6 comps | $387,500 | $342 |
Market trends — Fort Myers Beach
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $24,900 (6.2%) from the original list price.
| Jan 22, 2026 | Sold | $375,000 |
| Nov 26, 2025 | Listed | $399,900 |
The good, the trade-offs & the location
- Waterfront
- Built 1997 — pre-2002 construction may carry older wind codes and higher insurance
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
- Higher association fees (~$10,404/yr)
Straight-line distances to major SWFL amenities — approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.