520 USEPPA ISLAND, CAPTIVA, FL, 33924
Active117 days on marketListed Mar 25, 2026MLS #C7523816
About this home
520 USEPPA ISLAND
Water Wings cottage is waterfront, two-stories with Master on the first floor. The open first floor plan allows water views from the kitchen and living/dining areas which open onto a covered/screened porch and an open deck. The second floor features a loft-guest bedroom with bath, and a water view balcony. Both the interior and exterior have been renovated to first class quality. Exterior is Hardi Board, roofing is aluminum and decks are wood. Naturally the construction meets all windstorm resistance codes as the developer is a well-known contractor that has completed numerous high quality homes and renovations on the island over the past 20 years. Interior finishes include granite or marble counters, quality cabinetry and appliances. The entrance to the home is from a driveway of stone pavers and a thoughtfully landscaped yard. There is a shared storage room, a new propane generator and a 500-gallon propane tank. In addition to these fine features, Village owners recently were treated to significant road improvement of layered gravel, and heavily landscaped with mature palms of all types, creating a beautiful, tropical boulevard access. Recently completed multi-family dockage is just steps away and accommodates boats up to 24’. This home is located in the Useppa Village neighborhood on the western shore of the reimagined and redeveloped, private Useppa Island. Featuring the Useppa Island Club and Marina, Useppa Village owners enjoy all the services and amenities of a small town. Useppa is a bridgeless island ensuring privacy and solitude. Yet, there is an active lifestyle of boating and sporting activities for any that wish to participate. The island is known for its outgoing community of residents, and with only 118 homes, the nature of the island will not deviate from the tropical luxury and Old Florida ambiance that create this special place in the sun.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,366
Sqft
0.05 ac
Lot size
1981
Year built
Two
Levels
$787
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$7,702 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$7,702/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Useppa
Get to know Captiva. See the full Captiva guide →
Useppa — neighborhood snapshot
Population
12
Median age
38
Avg household
1
For the school run
Lee County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Captiva market
$7.9M → $1.9M
Captiva median sold, yr/yr
This home is listed 68% below the CAPTIVA 33924 median. See the full Captiva market guide →
Paper trail
This home's history
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 520 USEPPA ISLAND — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 520 USEPPA ISLAND — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
520 USEPPA ISLAND FAQs
What would the monthly payment be for 520 USEPPA ISLAND?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $7,702/mo — principal and interest, the actual property-tax bill, the $504/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 520 USEPPA ISLAND?+
The association fee works out to $504 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 520 USEPPA ISLAND?+
The most recent tax bill on record (2025) was $10,024. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 520 USEPPA ISLAND?+
The listing reports pets: Dogs OK, Number Limit. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Captiva?+
At $1,074,900, this home is listed about 67% below the Captiva median of $3,279,000. The market section on this page shows how the area is trending.
Which schools are assigned to 520 USEPPA ISLAND?+
Mariner High School (high), Ida S. Baker High School (high), Cape Coral High School (high), The Sanibel School (elementary), Island Coast High School (high), North Fort Myers High School (high) — Lee County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Under the CAPTIVA 33924 market on paper
$1,074,900 is 68% below the CAPTIVA 33924 median of $3,389,000, and at $787/sqft it sits under the Captiva average of $955.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $504/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
117 days on market against a Captiva median of 1 — sellers in this position are usually ready to negotiate.
05Strong assigned schools
Mariner High School, Ida S. Baker High School, Cape Coral High School, The Sanibel School, Island Coast High School, North Fort Myers High School — The Sanibel School rates 5 of 5. Always verify assignments with the district.
Listing courtesy of UIP PROPERTY COMPANY LLC · Brian McColgan. MLS #C7523816.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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