Pair of neighboring Lee County waterfront properties listed for $28.75M


  • By Louis Llovio
  • | 3:30 p.m. January 30, 2025
  • | 2 Free Articles Remaining!
A house and neighboring vacant property for sale on Captiva.
A house and neighboring vacant property for sale on Captiva.
Image courtesy of Premier Sotheby’s International Realty
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A Captiva house facing the Gulf of Mexico and a neighboring vacant lot have hit the market together for $28.75 million.

The house is at 16950 Captiva Drive and selling for $23 million. It is owned by an LLC based in Grand Rapids, Michigan, named Green Captiva Holdings which paid $2.7 million in 2017.

The lot is at 16970 Captiva Drive, and has an asking price of $5.75 million. It is owned by a Delaware company named Midnight Pass Investors which paid $3.9 million in 2021.

Combined, the Lee County properties have over 200 feet of Gulf frontage and are more than two acres.

“They ended up deciding to sell at the same time for different reasons but figured the coincidental timing of everything could be beneficial for both of them,” a spokesperson for Premier Sotheby’s International Realty says of the owners.

“They are independently listed however and the sale of one is not predicated on the purchase/sale of the other.”

The house itself is 7,000 square feet and seven bedrooms with a gourmet kitchen, a private therapy/massage room and a yoga/fitness studio. Outside, there is a more than 4,000-square-foot deck that includes a 1,575-square-foot resort-style pool and spa.

And for those who like the thought of indoor/outdoor living but know the realities of life in Florida, there is a retractable 24-foot glass that connects the interior to the exterior of the house.

The house was designed Wayne Visbeen, founder of Visbeen Architects, and sits on just over an acre. And, as is often the case with houses of this magnitude, it has a name: Bella Luna.

The properties are being marketed by The Burns Family Team of Premier Sotheby’s International Realty’s Sanibel and Captiva office.

 

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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