Waterfront Home for Sale in Island Shores, FL, $2,350,000
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For SaleMLS# 2026032829

$2,350,000

Waterfront Home for Sale in Island Shores, FL, $2,350,000

655 Matanzas Court, Fort Myers Beach, FL, 33931

beds baths sqft
GatedBoatingWaterfront

About this home

HUGE PRICE REDUCTION! Mother Nature’s Playground Meets the Ultimate in Luxury—Your future Estero Bay estate begins here. Discover a once in a lifetime opportunity to own a pristine, sprawling waterfront parcel on the prestigious North End of Estero Bay. This large, vacant lot offers nearly 90 feet of direct waterfront access with Gulf access just steps from your front yard—perfect for boaters seeking both convenience and exclusivity. Located on a peaceful cul de sac within the exclusive Matanzas Court neighborhood, this property provides the perfect blend of seclusion and vibrant island living. Imagine waking up to breathtaking sunrises over peaceful waters, enjoying evening strolls along the endless beach, and having effortless access to the Gulf from your own backyard.The seawall spans 89 feet across the rear of the property—storm damage to the dock and lift remains for future remediation. Enjoy the North End locatoin with just a short 5-10 minute walk to Times Square, Margaritaville, beachy restaurants, shops, and nightlife. The dedicated turn lane from the Matanzas Bridge ensures seamless high season access. Seeking a larger estate? The connecting Bayfront lot, (MLS #2025007037) with approved plans offers the opportunity for a larger footprint—perfect for creating an expansive compound or multiple residences. Elevate your living with direct access to the Gulf, unmatched privacy, and endless natural beauty—all within reach of Southwest Florida’s most vibrant hotspots. Imagine hosting unforgettable gatherings, indulging in picturesque sunrise mornings, or exploring the Gulf’s islands at your leisure. This is more than just land—it’s a rare opportuntiy to craft a custom coastal retreat beyond ordinary expectations. With over 15 commercial projects approved or underway across the island, now is the ideal moment to secure this special waterfront opportunity! SELLER FINANCING is available.

Property details

Type
Residential
Year built
Not specified
Interior
Not specified
Lot size
16,117.2 sqft
Acreage
0.37 acres
Garage
None
Days on market
0
Total association fees
None
CDD
None
Est. taxes (1.4%)
$32,900/yr
Flood zone (area est.)
Yes · High risk (VE)
Storm protection
None listed
Exposure
North
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
Not specified
County
Lee

Maintenance included in the fee

StreetLights

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.

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Market trends — Fort Myers Beach

Median list
$749,000
Median $/sqft
$615
Median sold (90d)
$470,000
Avg days on market
134
Active listings
424
Median sold price · Fort Myers Beach
$474,500last 3 months15.3% vs $560,000 prior 3 months
Median closed price by month · Fort Myers Beach
1.1% MoM5.3% YoY
$442k$595k$749kJul ’25Jul ’26
$465,000Jul ’26 · 21 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
  • In a higher-risk flood zone (VE) — flood insurance likely required
  • No garage listed
Location convenienceHigh
Hospital
6.3 mi
HealthPark Medical Center
Beach
0.7 mi
Fort Myers Beach
Airport
10.7 mi
Page Field (Fort Myers)
Shopping
8.7 mi
Bell Tower Shops

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.