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40 S GULF BOULEVARD

Lots/Land For Sale
$240,000

BTC: 3.75000000

ETH: 150.49947012

-$10K (2026/07/03)
30 days
Waterfront
0 room(s)

Overview

Build your dream coastal retreat and/or unlock exceptional vacation rental income potential on this spectacular waterfront homesite in Palm Island Estates. Imagine owning a modern island getaway just steps from the shoreline, where guests seek the rare experience of escaping the mainland and embracing a relaxed beach lifestyle. Accessible primarily by ferry, this exclusive island community is a world away from traffic and crowds, where golf carts, bicycles, kayaks, and paddleboards are the preferred way to explore. The property boasts over 150 feet of waterfront frontage, offering breathtaking views and direct access to endless outdoor adventures. Experience the coveted Gulf-to-Bay lifestyle with seven miles of pristine sandy beaches just moments away. Spend your days boating, fishing, kayaking, paddleboarding, shelling, or simply relaxing by the water before enjoying unforgettable sunsets from your own backyard. Boaters will appreciate the quick access to the Intracoastal Waterway and the Gulf of Mexico, making this an ideal destination for waterfront enthusiasts. Whether you're creating a private island sanctuary, a luxury vacation rental, or both, this unique property offers the opportunity to capitalize on one of Southwest Florida's most desirable and limited waterfront destinations. Important: Dimension lines provided are for both parcels combined and buyer is responsible to verify that all measurements are accurate.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.09 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$174,500
$57K – $1.1M
Confidence Low
List vs. estimate
$65K above estimate
List $240,000 · +37.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
14 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,150
2025
View
Water
Waterfront
Bay/Harbor
Pets
Allowed
All facts and features
  • Lot

    • Lot: 0.09 Acres

    Other Property Information

    • Parcel Number: 412033154007

    • Zoning: BBI

  • Type and style

    • Property Type: Land

  • Utility

    • Cable Available

    • Electrical Nearby

    • Telephone Nearby

    • Water Nearby

  • Other financial information

    • Annual tax amount: $5,150

  • Source details

    • MLS ID: TB8518144

    Other facts

    • Lot Features: Cleared / In County / Irregular Lot / Level

    • Direction Faces: West

    • Waterfront: Yes

    • Water Source: Public

    • Lot Size Dimensions: 120 x 224 x 200 x 9

    • Subdivision Name: PALM ISLAND ESTS

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COLDWELL BANKER REALTY