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

    516 Longboat Circle, Captiva, FL 33924

    View on Map
    Claim this Listing
    For Sale
    $84,900

    LAND - Captiva, FL

    Lot size:
    0.23 Acres
    Added:
    Feb 28, 2026
    Days on Market:
    96
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 516 Longboat Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    05-45-21-16-00000.0340
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    N END CAPTIVA IS PB 1/61 PT LT 2 DESC OR 1122/512 AKA LT 34 CAPTIVA PALMA
    Tax Annual Amount
    1579

    We can help!

    Listing Contact
    Amy Ivey
    Amy Ivey

    Listing agent Amy Ivey License #453003659

    Listing office Swept Away Realty 2256 First Street, Fort Myers, FL

    Listing date Feb 28, 2026

    MLS# 2026010425 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

    • Short walk to the ferry for daily services to the mainland.
    • Access to The Island Club at North Captiva amenities.
    • Close proximity to Butterfly Beach and other island beaches.
    • Lush, tropical building lot in a desirable area.
    • Abundant wildlife viewing opportunities (birds, tortoises, eagles, manatees, dolphins).
    • Access to island amenities including restaurants, bars, and stores.

    Overview

    This residential lot is located on North Captiva Island, in a desirable area with a short walk to the ferry and The Island Club at North Captiva. The lot is lush and tropical, suitable for building. It is close to Butterfly Beach and a short distance to the island beaches and amenities. Daily ferry services are available to the island, which offers opportunities for fishing and shelling. Transportation options on the island include golf carts and fat tire bikes. The State Preserve provides opportunities to observe birds, tortoises, eagles, manatees, dolphins, and other wild and marine life. Island amenities include Boats and Fun Store, Mangos Convenience Store and Outdoor Grill and Bar, Barnacles Outdoor Bar, Mainstay - Indoor and Outdoor Restaurant, Mainstays Ice Cream and Gift Shop, and Over the Waterfront Restaurant. The lot size is 0.225 acres.
    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 - Residential lot near ferry and island amenities on North Captiva.
    Where is this residential land & home lot located?
    The property is located at 516 Longboat Circle Captiva, FL.
    What is the asking price?
    The asking price for this property is $84,900.
    What are key features of this property?
    This property features: Short walk to the ferry for daily services to the mainland.; Access to The Island Club at North Captiva amenities.; Close proximity to Butterfly Beach and other island beaches.
    (239) 462-9614
    We can help!
    Listing Contact
    Amy Ivey
    Amy Ivey
    Real Estate License ID: 453003659
    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
    516 Longboat Circle, 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!