2 Bed Waterfront Home for Sale in Cherry Estates, FL
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For SaleMLS# 2026032296

$350,000

2 Bed Waterfront Home for Sale in Cherry Estates, FL

3032 Bounty Lane, St James City, FL, 33956

2 beds2 baths1,387 sqft
BoatingWaterfront

About this home

Your own slice of WATERFRONT paradise in the highly sought-after Cherry Estates Waterfront Community in St. James City. Perfectly positioned on a beautifully landscaped corner lot, this fully furnished two-bedroom, two-bath home offers the relaxed island lifestyle you’ve been dreaming of. Inside, you’ll find a spacious open-concept great room that’s ideal for entertaining, along with an oversized primary suite featuring a large private bath. The home is truly move-in ready and includes everything you need—from the furniture and beds to the sofas, chairs, and TVs. Skylights fill the interior with natural light, while the durable metal roof provides lasting peace of mind. Step outside to enjoy your screened porch overlooking the saltwater canal, where you’ll experience the tranquility of waterfront living every day. With DIRECT GULF ACCESS from your backyard, you’ll be just minutes from some of Southwest Florida’s finest boating, fishing, shelling, and island-hopping destinations. Whether you’re heading out for a day on the water or enjoying a sunset cruise, this is a boater’s dream come true. Additional upgrades include a seawall replaced in 2018 and insulated carport panels for added comfort and functionality. Located in the charming fishing village of St. James City, you’ll love the laid-back island atmosphere, waterfront restaurants, nearby marinas, and endless opportunities to enjoy the natural beauty of Pine Island. Whether you’re looking for a seasonal retreat, full-time residence, or waterfront getaway, this home offers the perfect combination of comfort, convenience, and the true Florida waterfront lifestyle.

Property details

Type
SingleFamilyResidence
Year built
1987
Interior
1,387 sqft
Lot size
4,138.2 sqft
Acreage
0.10 acres
Garage
None
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$4,900/yr
Flood zone (area est.)
Not available
Storm protection
None listed
Exposure
East
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
Below marketThis home is priced below comparable recent sales — a potential value.
This home
$252/sqft
Comp median
$287/sqft
Difference
-12%

Based on the $/sqft of 3 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.

AddressSoldSold priceBeds/BathsSq ft$/sqft
3094 Harpoon LaneJun 2026$389,0002/21,357$287
3112 Skipper LaneMay 2026$380,0002/21,254$303
3121 Skipper LaneOct 2025$340,0003/21,508$225
Average3 comps$369,667$272

Market trends — St James City

Median list
$439,950
Median $/sqft
$335
Median sold (90d)
$440,000
Avg days on market
141
Active listings
104
Median sold price · St James City
$440,000last 3 months1.2% vs $445,500 prior 3 months
Median closed price by month · St James City
29.6% MoM12% YoY
$215k$458k$700kJul ’25Aug ’26
$700,000Aug ’26 · 3 sales

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.

The good, the trade-offs & the location

Pros
  • Waterfront
Consider
  • Built 1987 — pre-2002 construction may carry older wind codes and higher insurance
  • No garage listed
Location convenienceHigh
Hospital
12.2 mi
HealthPark Medical Center
Beach
4.6 mi
Sanibel Island
Airport
14.9 mi
Page Field (Fort Myers)
Shopping
13.5 mi
Coralwood / Merchants Crossing (Cape)

Straight-line distances to major SWFL amenities — approximate; actual drive times vary.

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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.