$239,900
2 Bed Waterfront Home for Sale in Pine Island Cove, FL
7316 Cobiac Drive, St James City, FL, 33956
About this home
Gulf-access waterfront home with 100 feet of frontage on a saltwater canal with no bridges and quick access to the Gulf and Bay. This furnished 2-bedroom, 2-bath home is located in Pine Island Cove, a highly desirable 55+ community on Pine Island. The home features a new roof (2023), new flooring, a screened lanai with an outdoor kitchen and water views, and a versatile bonus room ideal for an office, craft room, or guest space. A private boat lift provides easy access to some of the best fishing and boating in Southwest Florida. Pine Island Cove offers resort-style amenities including a heated saltwater pool and spa, Gulf-access boat ramp, fish cleaning station, washout area, picnic area, dog run, pickleball and bocce courts, and an active social calendar. Boat and RV storage is available. Conveniently located near restaurants, shopping, banks, and churches. Low HOA fee of $160 per month, and you own the land. The neighboring property at 7306 Cobiac Drive is also available, offering a great opportunity for family or friends to live nearby.
Property details
- Type
- ManufacturedHome
- Year built
- 1987
- Interior
- 934 sqft
- Lot size
- 7,187.4 sqft
- Acreage
- 0.17 acres
- Garage
- None
- Days on market
- 52
- Total association fees
- $1,920/yr (~$160/mo)
- CDD
- None
- Est. taxes (1.4%)
- $3,359/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- North
- Waterfront
- Yes
- Gulf access
- Yes
- Gulf access type
- Direct — no bridges
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Private 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
Based on the $/sqft of 3 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Your notes on this home
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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 |
|---|---|---|---|---|---|
| 7281 Cobiac Drive | Apr 2026 | $229,000 | 2/2 | 936 | $245 |
| 4858 Sandpiper Drive | Nov 2025 | $234,000 | 2/2 | 784 | $298 |
| 7020 Drum Drive | Apr 2026 | $197,000 | 2/2 | 948 | $208 |
| Average | 3 comps | $220,000 | $250 |
Market trends — St James City
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 $25,000 (10%) from the original list price.
| Mar 26, 2026 | Sold | $225,000 |
| Feb 22, 2026 | Price reducedfrom $250,000 | $239,900 |
| Jan 8, 2026 | Back on market | |
| Dec 28, 2025 | Listed | $250,000 |
The good, the trade-offs & the location
- Gulf access (Direct — no bridges)
- Built 1987 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
- 55+ age-restricted community
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.