$405,000
2 Bed Waterfront Home for Sale in Captains Bay South
22724 Island Pines Way 101, Fort Myers Beach, FL, 33931
About this home
Bright & Sunny END UNIT condo overlooking natural waterway/preserve offering peaceful views and privacy. BI-WEEKLY RENTALS makes this a GREAT INVESTMENT OPPORTUNITY! Immaculate split 2BD/2BA each w/ their own ensuite full bath PLUS office/breakfast nook for that bit of bonus space! Volume ceilings throughout! Plantation shutters on all the extra high windows are a luxurious upgrade and lasting investment in quality. NEW IMPACT SLIDERS to screened and tiled corner lanai w/ electric shutters. Entrance lanai is also tiled and screened, an upgrade only a few units in the community have. Tile floors in kitchen/utility/laundry/entry/baths and carpeted bedrooms and living area. Spacious kitchen w/ stone countertops, white cabinetry & all white appliances and breakfastbar open to main living/dining area making it great for entertaining or relaxing enjoyment w/ family/friends. Primary suite offers access to lanai, walk-in closet, ensuite full bath w/ comfort height dual sink stone topped vanity and separate walk-in shower & toilet room. Guest suite w/ plenty of natural light, generous closet, full ensuite shared hall bath. UNDERBUILDING DESIGNATED PARKING w/ a generous storage closet, plus secured elevator lobby/stairway access. 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 BI-WEEKLY rentals and includes many amenities for you and your guests to enjoy, 2 heated pools, tennis/pickle ball courts & BBQ picnic area. Close to Santini Plaza & 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. PET FRIENDLY ANY SIZE!
Property details
- Type
- Condominium
- Year built
- 1997
- Interior
- 1,073 sqft
- Lot size
- Not specified
- Acreage
- Not specified
- Garage
- None
- Days on market
- 463
- Total association fees
- $12,009/yr (~$1,001/mo)
- CDD
- None
- Est. taxes (1.4%)
- $5,670/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- Impact Windows/Doors
- Exposure
- North
- 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 11 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 |
|---|---|---|---|---|---|
| 22724 Island Pines Way 403 | Jan 2026 | $375,000 | 2/2 | 1,073 | $349 |
| 22700 Island Pines Way 503 | Jul 2026 | $350,000 | 2/2 | 1,073 | $326 |
| 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 |
| Average | 6 comps | $382,500 | $346 |
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 $60,000 (12.9%) from the original list price.
| Mar 30, 2026 | Price reducedfrom $439,900 | $405,000 |
| Feb 9, 2025 | Listed | $465,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- 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 (~$12,009/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.