The Crown Jewel of Captiva Island, the one and only Sandpiper
Estate. For the first time ever, the iconic Sandpiper Estate is
available for purchase, presenting an extraordinary opportunity to
own a legacy property on Captiva Island's prestigious Gold Coast.
Spanning 200 feet of prime sandy beach frontage, this breathtaking
estate is a rare sanctuary where timeless elegance meets coastal
tranquility. Designed for privacy, relaxation, and entertaining,
the estate has been cherished for over 40 years as a treasured
family retreat and now, it's ready for its next fortunate owner.
The main residence is a masterpiece of waterfront luxury, featuring
3-4 private bedrooms, a spacious central gathering area, and a
fantastic kitchen with panoramic Gulf views. A grand dining area
offers an elegant setting for entertaining, while a private study
provides a quiet retreat. The home seamlessly blends indoor and
outdoor living, with an expansive screened lanai, multiple lounging
decks, and breathtaking views from every angle. The outdoor spaces
feel like a private resort, complete with a spectacular pool area
offering unparalleled privacy and stunning waterfront views. Just
off the pool, a charming beachside bungalow provides additional
accommodations with two guest suites, each with en-suite baths, and
a spacious family room for relaxing by the shore. The estate also
includes a private tennis court, an additional 2 Br guest house or
caretakers quarters, and lush tropical landscaping, creating a
secluded and serene retreat. For those seeking the ultimate private
estate, two adjacent properties, owned by this same owner, 16548
Captiva Drive and 16543 Captiva Drive are also available, allowing
for the creation of an unmatched beach to bay front compound that
offers a total of 300 ft of beach frontage, 100 ft of bay frontage
with well over 5.25 acres total. This opportunity is more than a
home; its a once-in-a-lifetime opportunity to own an iconic piece
of Captiva Island.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017