$379,900
2 Bed Waterfront Home for Sale in Cherry Estates
2971 Bounty Lane, St James City, FL, 33956
About this home
Welcome to your direct Gulf access retreat in the heart of St. James City, where laid-back island living meets turnkey waterfront convenience. Perfectly positioned on a quiet canal with no bridges to open water, this home is a boater’s dream, offering quick access to Pine Island Sound, Sanibel, Captiva, and the Gulf of Mexico. The property has been thoughtfully upgraded for peace of mind and easy living, featuring a new roof and new A/C, spray foam insulation beneath the subfloor, new double pane insulated windows and sliding door with Bahama Hurricane Shutters, luxury vinyl tile flooring throughout, and granite countertops that elevate the interior with a clean, coastal feel. The open layout is light and bright and ideal for both everyday living and hosting guests after a day on the water. Step outside to your private waterfront setup complete with a 10,000 lb boat lift with new canopy, concrete seawall, and a dock ready for fishing, sunset watching, or spontaneous evening cruises. Whether you are an avid boater or simply love the water, this backyard was designed to maximize the Florida lifestyle. Located in St. James City on Pine Island, you will enjoy a slower pace of life with easy access to some of Southwest Florida’s most loved local spots, including waterfront dining, live music, marinas, fishing charters, and island favorites just minutes away. From The Olde Fish House Marina to Froggy’s and nearby Matlacha, entertainment and dining are close without sacrificing peace and privacy. This is more than a home. It is an island lifestyle where mornings start with calm canals and evenings end with Gulf sunsets. Ideal as a full-time residence, winter escape, or investment opportunity, this waterfront gem delivers location, upgrades, and boating access that are increasingly hard to find.
Property details
- Type
- ManufacturedHome
- Year built
- 1980
- Interior
- 1,381 sqft
- Lot size
- 3,833.28 sqft
- Acreage
- 0.09 acres
- Garage
- None
- Days on market
- 188
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $5,319/yr
- Flood zone (area est.)
- Not available
- Storm protection
- None listed
- Exposure
- West
- 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
- Yes
- County
- Lee
Based on the $/sqft of 8 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 |
|---|---|---|---|---|---|
| 3033 Bounty Lane | Jun 2026 | $285,000 | 2/2 | 1,276 | $223 |
| 3094 Harpoon Lane | Jun 2026 | $389,000 | 2/2 | 1,357 | $287 |
| 3112 Skipper Lane | May 2026 | $380,000 | 2/2 | 1,254 | $303 |
| 2892 Sanibel Boulevard | Aug 2026 | $433,000 | 2/2 | 1,210 | $358 |
| 3121 Skipper Lane | Oct 2025 | $340,000 | 3/2 | 1,508 | $225 |
| 3891 Cruz Drive | Oct 2025 | $288,000 | 2/2 | 1,354 | $213 |
| Average | 6 comps | $352,500 | $268 |
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 $40,000 (9.5%) from the original list price.
| Jul 27, 2026 | Price reducedfrom $384,900 | $379,900 |
| Jan 26, 2026 | Listed | $419,900 |
The good, the trade-offs & the location
- Waterfront
- Built 1980 — pre-2002 construction may carry older wind codes and higher insurance
- No garage listed
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.