16512 Captiva Drive, NOT APPLICABLECaptiva, FL 33924Price: $6,200,000

MAJOR PRICE REDUCTION. EVEN BIGGER OPPORTUNITY. NOW $6.2 MILLION! This may be one of the most compelling beachfront opportunities Captiva Island has seen in years. Once offered at $12 million and having attracted multiple offers at substantially higher levels, this exceptional Gold Coast estate is now being offered at a price approaching land value. The sellers are ready to make a move, creating an extraordinary opportunity for the next owner. Located along one of the most coveted stretches of Captiva's Gold Coast, 16512 Captiva Drive sits among some of the island's finest beachfront estates. This stretch is known for its exceptional beach, beautiful natural dunes, wide sandy shoreline and spectacular Gulf and sunset views. The location, the beach and the land are simply irreplaceable. And unlike many properties trading near land value, there is already a substantial and beautiful estate here. The main residence and separate guest house offer 7 bedrooms and 5.5 baths, soaring ceilings, dramatic walls of glass overlooking the Gulf, hardwood and shell-stone floors, beautiful woodwork, a beachfront pool, expansive screened lanais and a rooftop sundeck.Enjoy it as it is, renovate and put your own signature on it, or take advantage of the exceptional homesite and create something truly extraordinary. The possibilities, and the upside, are tremendous. At $6.2 million, opportunities like this simply do not come along often on Captiva. Compare the location. Compare the beachfront. Compare the land. Compare the surrounding sales. Then compare the price. This is an exceptional opportunity to own a premier Gold Coast estate at a value that demands attention.