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Pine Island Center 33922
5417 Martin Cove
Photo of 5417 Martin Cove

11

Map

Photo of 5417 Martin Cove
Photo of 5417 Martin Cove
$199,000
● Land - For Sale

5417 Martin Cove

Bokeelia, FL 33922
bedrooms
Studio
bathrooms
0 Bath
$1,160
Est. Monthly

About This Property

Build your dream island home on this oversized, cleared waterfront lot in the beautiful  Serenity Cove community of Bokeelia. With DIRECT GULF ACCESS and no bridges, this property offers the laid-back Pine Island lifestyle for boaters, anglers, and anyone who dreams of living on the water. This waterfront location puts an incredible array of boating and recreational destinations right at your doorstep. From your own backyard, cruise to Cayo Costa, Sanibel, Cabbage Key, and other popular island destinations, with easy access to world-class fishing, pristine beaches, and open Gulf waters. A short car or boat ride brings you to Jug Creek Marina. With no HOA restrictions, you have the freedom to design and build the coastal retreat you've always envisioned. Enjoy the privacy and flexibility of an oversized cleared lot. Bring your boat, bring your plans, and start building your Pine Island dream in Serenity Cove!
Unit Size
-
Days on Market
80 days
Land Size
0.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$183
HOA Dues
-
Year Built
-

Listed By

Christy Knight
[email protected]
Right Choice Rlty ERA Powered
Mike Faulkner
[email protected]
Pine Island Realty Inc

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

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.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago ( #2026035563)

Price History

Date / Event Date Event Price
Aug 24, 2026 Listed by John R. Wood Properties $199,000
Listed by John R. Wood Properties
Apr 22, 2021 Sold
Premium
Sold
Aug 15, 2005 Sold
Premium
Sold

Property Highlights

Exterior Details
Waterfront Features: Canal Access
Lot Features: OversizedLot
Lot Size Area: 0.3
Lot Size Units: Acres
Lot Size Acres: 0.3
Lot Size Square Feet: 13068
Lot Size Dimensions: 79 x 187 x 60 x 189
Tax Lot: 2
Water Source: None
Financial Details
Tax Annual Amount: $2,192
Utilities Details
Sewer : None
Location Details
HOA/Condo/Coop Fee Includes: None
HOA/Condo/Coop Amenities: None

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 75

    Dimensions

  • Lot Size Square Feet: 13,024
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 740
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SERENITY COVE
  • Land Acres: 0000000299
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: SERENITY COVE UNREC OR 769 PG 814 + OR 848 PG 571 LOT 2

Neighborhood

  • School District Name: Lee County School District
  • Census Tract: 070102

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: 7C
  • Account Number: 10014584
  • Subdivision Tract Number: 03
  • Parcel: 21-44-22-03-00000.0020
  • Lot: 2
  • Meridian: SEC 21 TWN 44S RNG 22E
  • Municipality: MATLACHA-PINE ISLAND FIRE DIST
  • Latitude: 26.6327
  • Longitude: -82.1165

    Address

  • Full Address: 5417 Martin Cv
  • Address - House Number: 5417
  • Address - Street Name: Martin
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Bokeelia
  • Carrier Code: R801
  • 4-Digit Zip Code: 3030
  • Zip Code: 33922

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $182,463
  • Tax Rate Code Area: 007

    Market Valuation

  • Market Total Value: $132,683
  • Market Land Value: $71,246

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $117,288

    Sales

  • Current Sale Contract Date: Apr 12, 2021
  • Current Sale Recording Date: Apr 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021000130752
  • Previous Sale Recording Date: Aug 15, 2005
  • Previous Sale Contract Date: Aug 10, 2005
  • Previous Sale Amount: $289,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Pine Island Center

Stats & Trends

Median Asking:

$459,450

Sale Price/ft²

$300

Below Asking

0.03%

Average Days on Market

145

Average Home Size

1696 ft²

Average Home Age

36 years

Currently For Sale

34 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5653 Genesee Parkway, Bokeelia, FL, 33922

$1,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,225 ft²
5653 Genesee Parkway #5653, Bokeelia, FL, 33922 Listing by Becky White
Unit for rent at 11693 Oakland Drive, Bokeelia, FL, 33922

$5,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,477 ft²
11693 Oakland Drive, Bokeelia, FL, 33922 Listing by Jen Wolf
Unit for rent at 5443 Avenue E, Bokeelia, FL, 33922

$1,400 /mo

  • 2 Beds
  • 2 Baths
  • 1,512 ft²
5443 Avenue E, Bokeelia, FL, 33922 Listing by Nicole Pistone

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 5417 Martin Cove built and last sold?
The property at 5417 Martin Cove was built in and last sold on Apr 12, 2021 for $178,000.
How much is this home worth?
The estimated value of the home located at 5417 Martin Cove is $200,990.
What are some comparable homes to 5417 Martin Cove?
There are currently no comparable homes to 5417 Martin Cove.
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