Rare island estate on Captiva sets new record for Lee County's most expensive home. A rare beachfront estate on Captiva Island has fetched a record price. The estate has shattered its own record, selling for $17.15 million.

As of February 2026, the most expensive residential listing in Captiva, Florida, is a beachfront estate located at 16950 Captiva Drive, currently priced at approximately $18.9 million. This massive luxury home, often referred to as "Tarpon Bay," features over 8,500 square feet of living space, 6 bedrooms, and 7 bathrooms, situated on nearly an acre of prime Gulf-front property. Captiva's real estate market is defined by these "Gold Coast" estates that offer private beach access, multi-car garages, and expansive outdoor lanais with heated pools and spas. While some off-market sales in the exclusive "South Seas Plantation" area can occasionally reach higher valuations, the 16950 Captiva Drive property represents the peak of the public luxury market this month. These homes are highly sought after for their "Old Florida" charm combined with modern hurricane-resilient construction, making them some of the most prestigious vacation properties in the United States.