Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    North Captiva Island Tropical Lot Title is generated by Realmo AI

    4490 Schooner Drive Upper, Captiva, FL 33924

    View on Map
    Claim this Listing
    For Sale
    $78,000

    LAND - Upper Captiva, FL

    Lot size:
    0.21 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    123
    Last Refresh:
    Jun 2 at 9:06 am

    Property Features for 4490 Schooner Drive Upper

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    05-45-21-17-00001.0120
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    MAP N END CAPTIVA IS PB 1 PG 61 PART OF LT 3
    Tax Annual Amount
    1579

    We can help!

    Listing Contact
    Mark Muller
    Mark Muller

    Listing agent Mark Muller License #280595610

    Listing office Resort Properties Internationa 781 Rum Rd., Captiva, FL

    Listing date Jan 30, 2026

    MLS# 2026005346 Listing URL

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Private and serene North Captiva Island location with miles of pristine beaches.
    • Conveniently located near resort amenities: pools, dining, shopping, boat rentals, and ferry landing.
    • Short golf cart ride to the resort hub area.
    • Tropical interior lot ideal for an island beach retreat.
    • Close proximity (1600 feet) to state‑owned beach access.
    • Opportunity to build a new island beach retreat.

    Overview

    This tropical interior lot is located on the private and serene North Captiva Island, offering miles of pristine beaches and vacation amenities. The property is conveniently situated within a short golf cart ride to the resort hub area, which includes pools, dining options, shopping venues, boat rentals, and the ferry landing. The lot is located approximately 1600 feet from the nearby state-owned beach access. The lot size is 0.206 acres and is located in Upper Captiva, Florida.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Captiva
    County
    Lee
    State
    Florida
    Longitude
    -82.2447
    Latitude
    26.6717

    Nearby Similar for Sale

    • $5,500,000

      Captiva Beachfront Acreage Opportunity

      Pristine 1.07-acre beachfront property on Captiva Island's Gold Coast.
      16970 Captiva Drive, Captiva, FL 33924
      View Details
    • $595,000

      Rare North Captiva Island Land

      1.13 acres of land with development potential.
      4430 Conch Shell Drive, Upper Captiva, FL 33924
      View Details
    • $285,000

      Covered Boat Slip on Captiva

      Private covered boat slip with lift in Island Club Marina.
      BOAT SLIP #3, Upper Captiva, FL 33924
      View Details
    • $6,500,000

      Captiva Island Beachfront Land

      Rare 100-foot beachfront lot on Captiva Island's Gold Coast.
      16548 Captiva Drive, Captiva, FL 33924
      View Details
    • $750,000

      Waterfront Land on Useppa Island

      Oversized lot with 150 feet of water frontage.
      440 Useppa Island, Useppa Island, FL 33924
      View Details
    • $148,000

      North Captiva Island Coastal Parcel

      Rare waterfront land on North Captiva Island's South End.
      11657 Redfish Shores Drive, Upper Captiva, FL 33924
      View Details
    • $750,000

      Water View Lot on Useppa

      Residential lot with sunset and water views on Useppa Island.
      326 Useppa Island, Useppa Island, FL 33924
      View Details
    • $249,900

      Island Homesite in Captiva Dunes

      Tropical homesite in North Captiva Dunes neighborhood, close to Sunset Beach.
      4491 Butterfly Shell Drive, Upper Captiva, FL 33924
      View Details
    • $130,000

      Buildable Lot Near Captiva Beaches

      Buildable lot steps from beaches, potential rental income.
      200 Gold Finch Drive, Captiva, FL 33924
      View Details
    • $170,000

      Vacant Land on Captiva Island

      Build your custom island retreat on North Captiva.
      4521 Oro Pesos Lane, Captiva, FL 33924
      View Details
    • $170,000

      Vacant Land on Captiva Island

      Vacant lot on North Captiva Island, build your dream home.
      4520 Hidden Lane, Captiva, FL 33924
      View Details
    • $4,900,000
      2,096 SF

      Gulf-Front Home on Captiva Island

      Redesigned 3-bedroom home with Gulf views and beach access.
      19 Beach Homes, Captiva, FL 33924
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Tropical interior lot on private North Captiva Island.
    Where is this residential land & home lot located?
    The property is located at 4490 Schooner Drive Upper Captiva, FL.
    What is the asking price?
    The asking price for this property is $78,000.
    What are key features of this property?
    This property features: Private and serene North Captiva Island location with miles of pristine beaches.; Conveniently located near resort amenities: pools, dining, shopping, boat rentals, and ferry landing.; Short golf cart ride to the resort hub area.
    (239) 395-2214
    We can help!
    Listing Contact
    Mark Muller
    Mark Muller
    Real Estate License ID: 280595610
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4490 Schooner Drive, Upper Captiva, FL 33924
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!