The Masters at Pelican Sound Homes for Sale
The Masters at Pelican Sound homes for sale are 100 fee-simple single-family homes on Masters Circle, the most active single-family neighborhood inside the gated Pelican Sound Golf & River Club in Estero. The Masters closed 7 MLS sales in the 12 months to September 29, 2026, at a median of $1,249,000, from $950,000 to $1,400,000, at a median of 4 days on market, and Lee County recorded 10 qualified sales at a $1,299,500 median in the 12 months to September 25. Updated October 2026.
This page is part of our Pelican Sound homes for sale guide, inside the wider Estero homes for sale and communities guide. It shows live The Masters at Pelican Sound listings, what The Masters actually sold for on the MLS and the county record, and the club, district and association costs, flood facts and location that come with an address in The Masters. On September 29, 2026, no home in The Masters was listed for sale on the MLS. At our October 22, 2026 MLS pull, no home in The Masters was for sale or under contract.
By Jesse McGreevy and Marc Comisar, Domain Realty Group. Data updated: October 2026. Call Domain Realty Group at 239-441-2816.
Key takeaways for The Masters buyers
- The Masters is 100 single-family homes on Masters Circle, recorded as Masters at Pelican Sound (Plat Book 66, pages 71 to 76) and built 2000 to 2002.
- Homes run 1,767 to 2,723 heated square feet on the county roll: 23 two-bedroom, 55 three-bedroom and 22 four-bedroom.
- The MLS recorded 7 closings in 12 months at a $1,249,000 median and $571 per square foot.
- Homes sold at a 4-day median on market and 100.0 percent of list price over the last 12 months.
- Lee County recorded 10 qualified sales in 12 months at a $1,299,500 median, from $950,000 to $1,425,000.
- Every owner pays the club's $11,495 annual assessment and the River Ridge CDD's $1,207.64 for 2026-27, plus The Masters association.
- All three sampled Masters Circle addresses mapped to FEMA Zone X, minimal flood hazard.
- The county median rose from $655,000 on 5 sales in 2020 to $1,337,000 on 6 sales in 2025.
The Masters at Pelican Sound homes for sale right now
Live The Masters listings are linked below, sorted by price, with every Pelican Sound listing alongside so you can compare neighborhoods. On September 29, 2026, no home in The Masters was listed for sale on the MLS. Listing data refreshes from the MLS through the day. Data updated: October 2026.
Ready to tour The Masters?
Tell us your budget and what you need in a home in The Masters and a Domain Realty Group agent will set up the gate pass and the showings. Contact Domain Realty Group, call 239-441-2816, or search all Southwest Florida listings.
What do The Masters at Pelican Sound homes sell for?
The Masters at Pelican Sound homes sold at a median of $1,249,000 on the MLS in the 12 months to September 29, 2026, across 7 closings from $950,000 to $1,400,000, at a median of $571 per square foot, 4 days on market and 100.0% of the final list price. The longer windows below show how the neighborhood has moved. Data updated: October 2026.
| Window to September 29, 2026 | MLS closings | Median sold | Low | High | Median $/sq ft | Median days on market | Sold to list |
|---|---|---|---|---|---|---|---|
| 12 months | 7 | $1,249,000 | $950,000 | $1,400,000 | $571 | 4 | 100.0% |
| 24 months | 7 | $1,249,000 | $950,000 | $1,400,000 | $571 | 4 | 100.0% |
| 36 months | 7 | $1,249,000 | $950,000 | $1,400,000 | $571 | 4 | 100.0% |
| 60 months | 10 | $1,249,000 | $950,000 | $1,400,000 | $558 | 5.5 | 100.0% |
Source: Southwest Florida MLS (Matrix), residential, Development PELICAN SOUND, Subdivision THE MASTERS, pulled September 29, 2026; MLS-marketed closings only. One Sold Data Entry sale in the 24, 36 and 60 month windows is left out of the medians.
Recorded sales on the county file
Lee County recorded 10 qualified Masters sales in the 12 months to September 25, 2026, at a median of $1,299,500, from $950,000 to $1,425,000. Over 24 months it recorded 12 sales at $1,284,500, and over 60 months 16 at $1,268,050. All were resales. We tracked every recorded The Masters sale on the Lee County file to build these numbers.
The Masters prices by year
| Year | County recorded sales | County median |
|---|---|---|
| 2019 | 1 | $673,300 |
| 2020 | 5 | $655,000 |
| 2021 | 3 | $699,000 |
| 2022 | 1 | $1,310,000 |
| 2023 | 3 | $1,200,000 |
| 2024 | 0 | none recorded |
| 2025 | 6 | $1,337,000 |
| 2026, to September 25 | 6 | $1,174,500 |
The Masters went from a $655,000 county median in 2020 to $1,337,000 in 2025, and recorded no qualified sale at all in 2024. The 2026 sales to date have a $1,174,500 median, so the 12 months to September were the busiest 12 months on the county record since 2019.
Every recorded The Masters sale in the last 24 months
We tracked 12 qualified The Masters sales on the county record in the 24 months to September 25, 2026, newest first, with heated square feet from the county roll.
| Recorded | Price | Heated sq ft | Price per sq ft |
|---|---|---|---|
| August 4, 2026 | $1,100,000 | 1,767 | $623 |
| May 22, 2026 | $950,000 | 2,108 | $451 |
| April 17, 2026 | $1,400,000 | 2,106 | $665 |
| April 17, 2026 | $1,350,000 | 1,885 | $716 |
| April 1, 2026 | $990,000 | 1,885 | $525 |
| February 6, 2026 | $1,249,000 | 2,081 | $600 |
| December 23, 2025 | $1,235,000 | 2,630 | $470 |
| December 4, 2025 | $1,425,000 | 2,166 | $658 |
| November 10, 2025 | $1,400,000 | 2,687 | $521 |
| October 1, 2025 | $1,375,000 | 2,408 | $571 |
| May 23, 2025 | $1,270,000 | 2,401 | $529 |
| April 15, 2025 | $1,299,000 | 2,166 | $600 |
The Masters price per heated square foot by year
The recorded price per heated square foot shows how The Masters itself moved, year by year, from 2019 to September 25, 2026: from $280 a square foot in 2019 to $611 in 2026, on 25 recorded sales.
| Year | Recorded sales | Median price | Median per sq ft | Low | High |
|---|---|---|---|---|---|
| 2019 | 1 | $673,300 | $280 | $280 | $280 |
| 2020 | 5 | $655,000 | $308 | $286 | $348 |
| 2021 | 3 | $699,000 | $348 | $332 | $396 |
| 2022 | 1 | $1,310,000 | $543 | $543 | $543 |
| 2023 | 3 | $1,200,000 | $554 | $523 | $555 |
| 2025 | 6 | $1,337,000 | $550 | $470 | $658 |
| 2026 (to September 25) | 6 | $1,174,500 | $611 | $451 | $716 |
The Masters on Masters Circle
The Masters is 100 fee-simple single-family homes on Masters Circle, recorded as Masters at Pelican Sound in Plat Book 66, pages 71 to 76, and built 2000 to 2002 with a median year of 2001. Homes run 1,767 to 2,723 heated square feet on the county roll, a median of 2,100, with 23 two-bedroom, 55 three-bedroom and 22 four-bedroom homes.
The Masters association and setting
The association is The Masters at Pelican Sound (Sunbiz N99000007535), managed by Frankly Coastal according to the club's 2026 fact sheet. Every buyer needs the association's certificate of approval before closing, and its dues are separate from the club assessment. Homes here move fast when listed, a 4-day median over the last year, so a buyer should have financing and a club budget ready before one comes up.
What does it cost to own in The Masters?
An owner in The Masters pays four things each year: the Pelican Sound club assessment, $11,495 for 2026; the River Ridge CDD line, $1,207.64 a unit for fiscal 2027; The Masters association; and property tax. The Masters association dues: About $796 a quarter (as entered on MLS listings, October 22, 2026). Confirm current dues with the association before you offer. The club's closing charges, the CDD's bank notes and the tax millage are the same for every Pelican Sound home and are set out in the Pelican Sound cost section. Data updated: October 2026.
Is The Masters at Pelican Sound in a flood zone?
All three Masters Circle addresses we sampled mapped to FEMA Zone X, minimal flood hazard. The sample is three points, not a survey of every home in The Masters, so the elevation certificate and an insurance quote decide the real cost for one home. Data updated: October 2026.
| Address sampled | FEMA zone |
|---|---|
| 21700, 21832 and 21952 Masters Cir | X, minimal flood hazard |
Source: FEMA National Flood Hazard Layer point queries, October 21, 2026.
How to check one address, and what evacuation Zone A means for insurance, is covered in the Pelican Sound flood section.
Where is The Masters at Pelican Sound?
Masters Circle sits in the southern part of Pelican Sound, near Southern Hills, Oak Run and Palmetto Dunes, away from the Estero River side of the community. Every Pelican Sound home has an Estero 33928 address inside the Village of Estero, west of US 41, with the Estero River along the north side and the community running toward Estero Bay on the west.
Distances from the community, what is planned at the US 41 entrance and the school zones are the same for every Pelican Sound address and are in the Pelican Sound location section.
The Masters vs Pinehurst
The Masters and Pinehurst are Pelican Sound's two largest single-family neighborhoods and its top price tier. The Masters is the liquid one, with 7 MLS sales in 12 months at a $1,249,000 median and 10 recorded county sales at $1,299,500; Pinehurst had no MLS closing in that window and 15 recorded sales in five years at $1,210,000. Pinehurst homes are larger on the county roll (2,088 to 3,220 square feet against 1,767 to 2,723).
All twelve Pelican Sound neighborhoods are compared side by side, with homes, recent sales and flood samples, in the Pelican Sound neighborhood table.
The Pelican Sound Golf & River Club
An address in The Masters comes with the full club. Pelican Sound has 27 holes in three nines, Sound, River and Lakes, designed by Chip Powell and Mike Hill, with cart fees of $29.35 per 18 holes in 2026. The River Club, boat storage, courts, pools and restaurants are listed in the Pelican Sound amenities section.
Talk to a Domain Realty Group The Masters specialist
Domain Realty Group, the #1 team in Southwest Florida since 2012, shows homes in every Pelican Sound neighborhood from our Bonita Springs office on US 41. We tracked every recorded The Masters sale since 2019 to build this page, and before you write an offer on a home in The Masters we pull the same record for the exact address you are weighing.
★★★★★ "Marc and his team proved to be extremely helpful in all regards. I would highly reccomend him to others looking to buy or sell homes in bonita springs or estero."
Verified Zillow review. Edward Seibert, on working with Marc Comisar of Domain Realty Group.
Contact Domain Realty Group or call 239-441-2816 for new The Masters listings and sales as they happen. For Jesse and Marc's take on daily life there, read McGreevy and Comisar's The Masters at Pelican Sound guide. Already own in The Masters? McGreevy and Comisar's Pelican Sound home valuation prices a home from these same recorded sales.
Frequently Asked Questions about The Masters at Pelican Sound homes for sale
How many homes are in The Masters at Pelican Sound?
100 single-family homes on Masters Circle.
What do homes in The Masters sell for?
$1,249,000 was the MLS median across 7 closings in the 12 months to September 29, 2026, from $950,000 to $1,400,000.
How fast do homes in The Masters sell?
A median of 4 days on market across the last 12 months of MLS closings, at 100.0 percent of list price.
How big are homes in The Masters?
1,767 to 2,723 heated square feet on the Lee County roll, a median of 2,100.
When was The Masters built?
2000 to 2002, with a median year of 2001.
What association covers The Masters?
The Masters at Pelican Sound, Sunbiz N99000007535, managed by Frankly Coastal according to the club's 2026 fact sheet.
Is The Masters in a flood zone?
All three sampled Masters Circle addresses were FEMA Zone X, minimal flood hazard.
What does The Masters sell for per square foot?
A median of $571 per square foot over the last 12 months of MLS closings, and $558 over five years.
How many homes in The Masters are for sale?
None on the MLS on September 29, 2026.
What was the highest sale in The Masters?
$1,425,000 on the county record in the 12 months to September 25, 2026.
What was the Masters median price over 24 months?
$1,249,000 across 7 MLS closings in the 24 months to September 29, 2026.
What was the Masters median price over five years?
$1,249,000 across 10 MLS closings in the 60 months to September 29, 2026.
How many The Masters homes sold in 2025?
Lee County recorded 6 qualified sales in 2025 at a $1,337,000 median.
What are the Masters HOA fees?
The Masters owners pay The Masters at Pelican Sound association (Sunbiz N99000007535) each quarter on top of the club assessment. Dues are not published on a public page; as entered on recent MLS listings they run about $796 to $798 a quarter. Confirm the current figure with the association.
Golf, the gate, the CDD, rentals, schools, the evacuation zone and distances apply to every Pelican Sound home and are answered in the Pelican Sound FAQ.
About Domain Realty Group in Estero
Domain Realty Group has been the #1 team in Southwest Florida since 2012, with $2.5 billion in team production and 4,000+ transactions, led by Jesse McGreevy (SL3101296) and Marc Comisar (BK3060671). Offices: 24031 S Tamiami Trl #101, Bonita Springs, FL 34134; 9180 Galleria Ct #200, Naples, FL 34109; 8290 College Parkway, Unit 201, Fort Myers, FL 33919. Brokered by Domain Realty. Call 239-441-2816, meet our agents or read about our team.
Sources
The Masters figures on this page come from the Southwest Florida MLS (Matrix), pulled September 29 and October 22, 2026, the club's 2026 fact sheet, the River Ridge CDD's adopted fiscal 2027 budget, the Lee County Property Appraiser's sale files and FEMA's National Flood Hazard Layer, read October 21, 2026. Sources for the Pelican Sound-wide facts are listed on the Pelican Sound page.