3 Bed Waterfront Home for Sale in Cherry Estates
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For SaleMLS# 2026031819

$449,900

3 Bed Waterfront Home for Sale in Cherry Estates

2941 Bowsprit Lane, St James City, FL, 33956

3 beds2 baths1,566 sqft
GatedBoatingWaterfront

About this home

One of the largest waterfront properties in St. James Isles, formerly known as Cherry Estates, this oversized homesite offers an exceptional combination of space, premier boating amenities, and island living that is rarely available. Situated on deep, direct Gulf access waterfront with no bridges, you'll enjoy quick, unrestricted access to Pine Island Sound, world-class fishing, and the Gulf waters beyond. Boasting 107 feet of waterfront with a new seawall installed in 2015, this property is designed for those who want to embrace the ultimate Southwest Florida boating lifestyle. A gated, fenced side yard features a dedicated parking concrete pad for up to a 25-foot RV, while the expansive lot still offers plenty of room to add a pool. The composite dock is equipped with water, electric, and a convenient fish cleaning station, along with a 7,500-pound covered boat lift and a 4,500-pound uncovered boat lift, making it easy to accommodate multiple boats or watercraft. An oversized outdoor shower makes rinsing off after a day on the water easy. Inside, the home offers 3 bedrooms, 2 full baths, an enclosed lanai with two new 2026 mini-split systems, an in-residence laundry room, and a spacious primary suite featuring a walk-in closet, dual-sink vanity, and walk-in shower. The kitchen features white raised-panel cabinetry, a center island, a stainless steel refrigerator, pantry, and abundant workspace. Thoughtful upgrades continue throughout the home with California-style shelving in every closet and pantry, providing exceptional organization and storage. Major improvements completed in 2023 include a new roof, vinyl siding, air conditioning system, water heater, deep two-car carport, and a new roof over the attached workshop. The exterior is finished with decorative concrete around the entire perimeter, creating a clean, finished appearance that sets it apart from traditional skirting. Additional highlights include an attached workshop with loft, an air-conditioned Amazon storage shed, Bahama-style hurricane shutters on most windows, a hardwired security system with battery backup, a deep paver carport, and a beautifully finished paver backyard perfect for relaxing or entertaining. For added peace of mind, the home has never experienced storm surge water inside. Whether you're cruising to the world-famous beaches of Sanibel, Captiva, North Captiva, Cayo Costa, Boca Grande, and Cabbage Key or heading to the legendary fishing grounds of Pine Island Sound, renowned for outstanding tarpon, snook, redfish, and trout fishing, this property offers the true Southwest Florida boating lifestyle. With one of the largest lots in St. James Isles, deep direct Gulf access, abundant parking and storage, and exceptional waterfront amenities, this is a rare opportunity to own your own island retreat.

Property details

Type
ManufacturedHome
Year built
2005
Interior
1,566 sqft
Lot size
6,346.692 sqft
Acreage
0.15 acres
Garage
None
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$6,299/yr
Flood zone (area est.)
Not available
Storm protection
None listed
Exposure
West
Waterfront
Yes
Gulf access
Yes
Gulf access type
Direct — no bridges
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Yes
County
Lee
At marketThis home is priced in line with comparable recent sales.
This home
$287/sqft
Comp median
$298/sqft
Difference
-4%

Based on the $/sqft of 6 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
3083 Sloop LaneMar 2026$450,0002/21,585$284
3121 Skipper LaneOct 2025$340,0003/21,508$225
3891 Galt Island AvenueJul 2026$530,0003/21,704$311
3091 Trawler LaneMar 2026$550,0003/21,389$396
3707 Clipper LaneSep 2025$560,0002/21,399$400
3678 Rita LaneAug 2025$425,0002/21,643$259
Average6 comps$475,833$313

Market trends, St James City

Median list
$429,900
Median $/sqft
$336
Median sold (90d)
$435,000
Avg days on market
143
Active listings
105
Median sold price · St James City
$435,000last 3 months3.3% vs $450,000 prior 3 months
Median closed price by month · St James City
14.8% MoM0.8% YoY
$215k$420k$625kJul ’25Aug ’26
$620,000Aug ’26 · 6 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
  • Built 2005 — post-2002 Florida wind codes (typically lower insurance)
  • Gulf access (Direct — no bridges)
Consider
  • No garage listed
Location convenienceHigh
Hospital
12.3 mi
HealthPark Medical Center
Beach
4.5 mi
Sanibel Island
Airport
15 mi
Page Field (Fort Myers)
Shopping
13.6 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.