$1,247,000
3 Bed Waterfront Home for Sale in Cayo Costa
11240 Pejuan Shores, Cayo Costa, FL, 33924
About this home
Paradise found on Cayo Costa Island—this fully furnished, solar-powered beachfront retreat offers stunning 360° water views of Pine Island Sound, Redfish Pass, and the Gulf. Accessible only by boat or water taxi, the home features rich wood flooring, tile accents, a sun-filled kitchen with cupola, three upstairs bedrooms with panoramic views, two full baths, and a private outdoor shower off the primary suite. Downstairs includes a guest suite, additional bath, and second outdoor shower. A private dock with 12,000 LB boat lift accommodates two 27-foot boats (up to 10-ft beam). The home runs on upgraded solar with lithium battery storage and a backup generator, and includes propane for cooking and hot water. No HOA or lease restrictions make it ideal for personal use or Airbnb. Seller financing available for qualified buyers. A rare chance to own a true island getaway blending sustainable living with comfort and natural beauty.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2001
- Interior
- 1,376 sqft
- Lot size
- 12,632.4 sqft
- Acreage
- 0.29 acres
- Garage
- None
- Days on market
- 456
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $17,458/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- Northwest
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Well
- Sewer
- Septic Tank
- New construction
- No
- Pets
- Yes
- County
- Lee
We rate a home against recently SOLD homes within ~1 mile that match on size, beds/baths, and age. This home doesn't have enough close comparables in the last 12 months for a reliable read, ask Rick for a personalized CMA.
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Market trends, Cayo Costa
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $250,000 (16.7%) from the original list price.
| Aug 2, 2026 | Price reducedfrom $1,297,000 | $1,247,000 |
| May 3, 2025 | Listed | $1,497,000 |
The good, the trade-offs & the location
- Waterfront
- Storm protection: Impact Windows/Doors
- Built 2001 — 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.