200 CAPSTAN DRIVE PLACIDA FL 33946 MLS #D6137688

TAKE A SECOND LOOK, a strategic price improvement brings this exceptional waterfront estate into even sharper focus for today’s market. Now aligned with current conditions, this offering represents a rare chance to own a high-end residence on SAILBOAT water with direct INTRACOASTAL access—an increasingly scarce combination at this price level. For buyers seeking luxury, location, and long-term value, this adjustment creates a standout opportunity.
EXPERIENCE the ultimate in Florida waterfront living with this exceptional Key West–style residence, ideally located just minutes from area beaches on Boca Grande and Manasota Key, and offering BRIDGELESS boating access to the INTRACOASTAL Waterway and the stunning Gulf of Mexico. Set on an oversized .64-acre lot, this private tropical oasis is surrounded by mature landscaping and thoughtfully designed for boating, entertaining, and MULTIGENERATIONAL living.

The waterfront is truly the star of the property, featuring a BRAND-NEW 140’ SEAWALL, a private dock, and two covered boat lifts (10K & 15K) with roof canopies, providing an exceptional setup for serious boaters. With DIRECT, unrestricted access to open water and world-class fishing near Boca Grande, this location delivers the best of Southwest Florida’s coastal lifestyle.

As you approach the residence via the circular driveway, you’re welcomed by a charming front porch, distinctive cupola, and a metal roof with upgraded insulation package, setting the tone for the coastal elegance found within. Inside, white oak flooring, soaring ceilings, crown molding, and expansive PGT impact windows and sliding doors, along with an impact garage door, allow natural light to fill the living spaces. A striking coral-wrapped fireplace anchors the main living area, creating a warm and inviting atmosphere. The den offers a versatile retreat, while the stairway to the cupola provides a unique vantage point with elevated views.

A resort-style outdoor living area invites year-round enjoyment. The recently renovated custom saltwater pool and spa with heater serve as the centerpiece, complemented by a fully equipped Fire Magic outdoor kitchen, half bath, and a charming POOL CABANA/ IN-LAW SUITE complete with kitchenette, full bath, and impact sliders—ideal for guests or multigenerational living. This expansive outdoor setting creates a seamless connection between the home, pool, and waterfront.

The chef’s kitchen is both beautiful and functional, featuring Level 5 granite countertops, under-cabinet lighting, abundant cabinetry, bar seating, and a breakfast nook overlooking the lanai, pool, and tranquil waterfront beyond.

The primary suite is a private sanctuary with direct access to the lanai and pool area, offering a spa-like bath with a roman walk-in shower, soaking tub, generous storage, and refined finishes throughout. Guest bedrooms are thoughtfully located on the opposite side of the home, ensuring comfort and privacy for all.

As an added bonus, HOA membership includes dockage and private beach access to Knight Island, providing a secluded island retreat just moments away. This remarkable coastal property combines luxury, functionality, and unparalleled outdoor living—schedule your private tour today and discover waterfront living at its finest.