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Estates & Luxury · Lely Resort

Mustang Island

Players Club: Mixed (verify per home)

Well-located single-family homes wrapped around the Mustang course and canals — an estate feel at a more attainable price.

The overview

About Mustang Island

Mustang Island is where a detached home with an estate feel stays attainable — no stepping up to Classics, Lakoya, or Majors pricing. It’s a popular single-family neighborhood of about 185 homes built roughly 2004–2007 around the Mustang golf course and a network of canals.

Homes generally run 2,038 to 2,800 square feet, many with private pool and spa and golf or water views.

Like several Lely neighborhoods, Mustang Island is mixed on the Players Club covenant, so membership obligation depends on the specific home.

Figures are approximate, compiled from MLS and public/association sources, and change without notice. Confirm current dues, rules, and covenant status for any specific home before relying on them — or ask me.

Quick facts

Property typeSingle-family
Build years2004–2007
BuilderStock Development
Typical size~2,038–2,800 sq ft
Bedrooms3
Homes / units~185
ViewsGolf (Mustang), canal/water
Players ClubMixed (verify per home)
HOA (approx.)~$555/quarter (+ club where applicable) — verify
Rentals30-day minimum, ~4 leases/yr
PetsAllowed
On the ground

Mustang Island in photos

The Mustang Island community at Lely Resort.

A typical street in the Mustang Island community at Lely Resort
A typical street in the community.
The market

What homes cost in Mustang Island

3
active listings
$970K–$1.26M
active price range
$620K
median sold (all-time)
$255
median $/sq ft (all-time)

Drawn from this community’s recorded MLS sales; the active snapshot is June 2026 and changes constantly. Want live, exact numbers and what’s available right now? Ask for a current Mustang Island report. Live MLS listings open on our team’s search site.

Is it right for you?

Living in Mustang Island

What buyers love

  • ✓ Detached homes at an attainable price
  • ✓ Golf and canal/water views
  • ✓ Central, convenient location in Lely
  • ✓ Active, consistent resale market

Worth knowing

  • • Mixed covenant — verify Players Club status per home
  • • Mid-2000s construction
  • • Some homes back to roads vs. golf/water

Players Club & Spa: Mustang Island is mixed on the official list — confirm whether a given home carries the Players Club requirement. See what the Players Club costs, the cost-of-ownership guide, and Players Club amenities.

Resort living

Golf & the Players Club & Spa

Players Club & Spa access in Mustang Island depends on the specific home (it’s a mixed covenant) — but the resort’s amenities are right here when you want them.

Local market intelligence

The data on Mustang Island

Homes in Mustang Island take a little longer to sell (~65 days), at about 96% of list price (~4% negotiating room). At ~2.6 months of supply, it's tight, seller-friendly supply.

65 days
median time to sell
96%
of list price received
$462
median $/sq ft (recent)
$1.11M
median sold (recent)
~14/yr
homes sold
~2.6 mo
months of supply

Based on 30 recorded sales (2023–2026) plus older history; figures are approximate and change constantly.

Age & what to check

Home age~21 years (built 2004–2006)
A/CPast typical service life — many have been replaced; verify the date and condition.
Water heaterPast typical life — likely replaced at least once; verify.
RoofMid-life — confirm remaining life and any insurance-required updates.
Insurance & codeBuilt to the 2002+ Florida Building Code — generally favorable wind ratings and insurance; ask for the wind-mitigation form.

From the listings: remarks here often mention newer roofs and updated interiors — verify ages and permits on the exact home.

What agents highlight

Across recent Mustang Island listings, agents most often highlight newer roofs, updated/renovated interiors, private pools & spas, and open great-room layouts.

Before closing: ask for Mustang Island’s latest budget, reserve study, and any planned special assessments — and confirm the Players Club covenant on the exact home.

Good to know

Mustang Island FAQs

Is Players Club membership required in Mustang Island?

It depends on the home. Mustang Island has both required and optional covenant agreements on record, so Players Club status varies property to property — always confirm the covenant before you write an offer.

How much does the Players Club & Spa cost in Mustang Island?

Where it applies, Players Club & Spa membership runs about a $10,000 refundable deposit plus roughly $6,400 a year (+6% tax). In Mustang Island some homes require it and some don't, so confirm the covenant and current rates before you rely on a number.

What are the HOA fees in Mustang Island?

Roughly ~$555/quarter (+ club where applicable) — verify. HOA dues typically cover community maintenance and common areas (often landscaping), but usually do not include Players Club dues. Confirm the current amount and exactly what's covered for the specific home.

Can you rent out a home in Mustang Island? What are the leasing rules?

In Mustang Island, the association allows 30-day minimum, ~4 leases/yr. That sets the minimum lease length and how many times per year you can lease — important for rental or seasonal use. Rules change, so confirm the current limits for the exact home.

Are pets allowed in Mustang Island?

Yes — in Mustang Island, pets are allowed. The association sets the specifics (number, size, and sometimes breed), and rules change — confirm the current pet policy for the exact home.

Does Mustang Island have its own pool or clubhouse?

Mustang Island generally doesn't have a separate private clubhouse — residents enjoy Lely Resort's shared amenities (the Players Club & Spa and the three golf courses). Confirm any small sub-association amenities for the specific home.

How far is Mustang Island from the Players Club & Spa?

The Players Club & Spa is centrally located within Lely Resort, so from Mustang Island it's a few minutes by car or golf cart. Most of the community is within roughly a mile or two of the club.

How much do homes cost in Mustang Island?

Recent listings in Mustang Island have ranged about $970K–$1.26M, with a median sold price near $620K (about $255/sq ft). Inventory is limited and changes constantly — ask for a live Mustang Island report.

Is Mustang Island a 55+ or age-restricted community?

No. Mustang Island, like all of Lely Resort, is an all-ages community — it is not age-restricted. Homes here serve full-time, seasonal, and rental use.

How fast do homes sell in Mustang Island, and is there room to negotiate?

Recently, Mustang Island homes have sold in a median of 65 days at about 96% of list price — roughly 4% negotiating room. With ~2.6 months of supply, it's a seller's market. These numbers shift constantly, so ask me for this week's read before you make a move.

How old are homes in Mustang Island, and what should I inspect?

Mustang Island homes date to 2004–2006 (about 21 years old). At that age, look closely at the A/C (12–15-yr life), water heater (10–12-yr), and roof, and ask for the permit history. Listing remarks here frequently mention newer roofs and updated interiors — a plus, but verify ages and permits.

Will home insurance be expensive in Mustang Island?

Generally favorable. Mustang Island was built to the 2002+ Florida Building Code, so homes typically carry better wind ratings — request the wind-mitigation form to confirm credits.

Schools

Schools near Mustang Island

Like the rest of Lely Resort, Mustang Island sits in South Naples’ 34113 area and is served by Collier County Public Schools, an A-rated district. The public schools most often associated with Lely Resort are Lely Elementary, Manatee Middle and Lely High School — but attendance zones change, so confirm the current assignment for the exact address. Our schools near Lely Resort guide has recent ratings, private-school options and how to verify zoning.

A day here: a morning round on Mustang — Lee Trevino’s course is public, so there’s no membership to buy before you play — then an afternoon poolside (many homes here have their own pool and spa), watching the light move on the canal. Could you see yourself here?

Talk to a local specialist

Thinking about Mustang Island?

I’ll send current Mustang Island listings, the real dues and membership picture for the exact home, and honest pros and cons. No pressure.

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