Investor-Friendly Waterfront Gem in Matlacha – Appraised at $1.1M (Sept 2024)!
Welcome to 4581 Redfish Point Road, a distinctive three-level stilt home on the private island of Porpoise Point, named for the dolphins often spotted in its surrounding waters. This architect-designed property features 3 bedrooms, 3.5 bathrooms, and a flexible layout ideal for personal enjoyment or income-generating short-term rentals.
Each bedroom has its own ensuite, including a guest suite with private entry, wet bar, and balcony—perfect for hosting or use as a separate rental space. The home is equipped with a private elevator, EV-ready carport, and generous storage on the ground level.
Inside, you'll find a gourmet kitchen, open-concept living area, and multiple balconies offering serene water views. Just steps from the “most fishingest bridge in the world,” this home delivers prime access to fishing, dining, and the vibrant island lifestyle.
With no rental restrictions beyond a 6-person occupancy cap (infants under 3 not included) and the freedom to self-manage, investors will appreciate the flexibility and earning potential. Plus, two small pets (under 25 lbs each) are welcome!
Bonus: Dock permitting is underway, with construction expected in 2026, providing even greater long-term value.
Closed
$600,000
4581 Redfish Point Rd, Matlacha, FL 33993
3beds
1,926sqft
Townhouse
Built in 2007
2,404.51 Square Feet Lot
$665,900 Zestimate®
$312/sqft
$2,160 Estimated rent
Home value
$665,900
$633,000 - $699,000
$2,160/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 30, 2025 at 11:30am
Listed by:
Melissa Smith 239-887-2699,
Royal Shell Real Estate, Inc.,
Michael McMurray 239-850-7888,
Royal Shell Real Estate, Inc.
Bought with:
Melissa Smith, 258028492
Royal Shell Real Estate, Inc.
Michael McMurray, 280500145
Royal Shell Real Estate, Inc.
Source: Florida Gulf Coast MLS,MLS#: 225031435
Originating MLS: Florida Gulf Coast
Originating MLS: Florida Gulf CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Central, Electric, Wall Furnace
Cooling
- Central Air, Ceiling Fan(s), Electric, Wall Unit(s)
Appliances
- Included: Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, RefrigeratorWithIce Maker, Washer
- Laundry: Inside
Features
- Wet Bar, Built-in Features, Bathtub, Closet Cabinetry, Dual Sinks, Kitchen Island, Living/Dining Room, Separate Shower, Upper Level Primary, Walk-In Closet(s), Elevator, Workshop, Den, Other, Workshop
- Flooring: Laminate, Tile
- Windows: Double Hung, Display Window(s), Impact Glass
Interior area
- Total structure area: 2,046
- Total interior livable area: 1,926 sqft
Property
Parking
- Total spaces: 2
- Parking features: Covered, Two Spaces, Attached Carport
- Carport spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony, Deck, Open, Porch
- Exterior features: Deck, Security/High Impact Doors, Other, Storage
- Has view: Yes
- View description: Bay, Gulf, Mangroves, Preserve, Water
- Has water view: Yes
- Water view: Bay,Gulf,Water
- Waterfront features: Bay Access, Mangrove, Riprap
Lot
- Size: 2,404 sqft
- Dimensions: 28 x 83 x 29 x 88
- Features: Cul-De-Sac, Dead End, Rectangular Lot
Details
- Parcel number: 244422L416000.0050
- Lease amount: $0
- Zoning description: RM-2
- Special conditions: In Foreclosure
Construction
Type & style
- Home type: Townhouse
- Architectural style: Two Story
- Property subtype: Townhouse
Materials
- Block, Concrete, Stucco, Vinyl Siding, Wood Frame
- Foundation: Pillar/Post/Pier
- Roof: Metal
Condition
- Resale
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, High Speed Internet Available
Community & neighborhood
Security
- Security features: None, Smoke Detector(s)
Community
- Community features: Boat Facilities, Non-Gated
Location
- Region: Matlacha
- Subdivision: MATLACHA
HOA & financial
HOA
- Has HOA: Yes
- Amenities included: Boat Dock, Storage, Management
- Services included: Association Management, Insurance, Irrigation Water, Legal/Accounting, Maintenance Grounds, Street Lights
- Association phone: 239-689-3080
Other fees
- Condo and coop fee: $0
- Membership fee: $0
Other
Other facts
- Listing terms: All Financing Considered,Cash,Owner May Carry
- Ownership: Single Family
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2025 | Sold | $600,000-29.7%$312/sqft |
Source:  Florida Gulf Coast MLS #225031435 | ||
| 10/22/2024 | Sold | $853,500-14.2%$443/sqft |
Source: Public Record | ||
| 7/18/2022 | Sold | $995,000$517/sqft |
Source: Public Record | ||
| 5/17/2022 | Pending sale | $995,000$517/sqft |
Source:  Florida Gulf Coast MLS #221082996 | ||
| 2/25/2022 | Price change | $995,000+4.7%$517/sqft |
Source: Florida Gulf Coast MLS #221082996 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,578 -24.5% | $739,710 -23.2% |
| 2023 | $14,004 +99.2% | $962,673 +144.5% |
| 2022 | $7,032 +16.1% | $393,700 +10% |
Find assessor info on the county website
Neighborhood: 33993
Nearby schools
GreatSchools rating
- 8/10Pine Island Elementary SchoolGrades: PK-5Distance: 3 mi
- 6/10Trafalgar Middle SchoolGrades: 6-8Distance: 3.2 mi
- 3/10Ida S. Baker High SchoolGrades: 9-12Distance: 4.3 mi
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$665,900
2% more+ $13,318
With Zillow Showcase(estimated)
$679,218