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120 GASPARILLA WAY

House For Sale
$899,900

BTC: 14.89900662

ETH: 564.31030482

-$100K (2026/06/30)
157 days
Waterfront
3 bds
2 ba
1,865 sqft

Overview

LOWEST PRICED SINGLE FAMILY HOME ON ISLAND W NO BRIDGES TO GULF FROM PRIVATE DOUBLE SIDED BOAT DOCK WITH WATER AND ELECTRIC. Experience the unmatched allure of Palm Island, one of Florida’s most secluded and luxurious coastal escapes. Please see Realtor remarks regarding assumable mortgage offered by seller at EXTREMELY ATTRACTIVE RATE. This seven-mile barrier island, nestled between Sarasota and Fort Myers on the Gulf Coast, is accessible only by car ferry—instantly creating an atmosphere of exclusivity and tranquility from the moment you arrive. Here, sugar-white beaches, serene harbors, winding lagoons, world-class fishing think prize Tarpon, and extraordinary shelling become the backdrop to a lifestyle defined by relaxation and natural beauty. Set on the intracoastal waterway, this stunning home offers approximately 1,800 square feet of inviting living space with three beautifully appointed bedrooms and two baths. The dramatic loft-style primary suite features a queen bed, its own sitting area with a convertible single, and even a full bed set within an expansive walk-in closet. The additional bedrooms provide generous accommodations, including two full beds in one room and a queen in the other, ensuring comfort for family and guests alike. The expansive great room elevates coastal living with its corner wood-burning coral fireplace, soaring vaulted ceilings, and a fully equipped kitchen boasting a gas cooktop—ideal for relaxed evenings or entertaining. Step onto the screened balcony for delightful peek-a-boo views of the canal and intracoastal, or retreat to the private third-floor terrace off the loft bedroom for a peaceful morning coffee high above the island. The property’s deep-water, double-sided dock—with both electric and water—invites you to launch into endless boating adventures. Below the home, a beautifully pavered area creates a breezy open-air retreat complete with an outdoor shower, offering even more space to enjoy island living. Palm Island’s charm extends beyond the home with the beloved Rum Bay Restaurant, its adjacent ice cream shop, and the island’s signature amenities including kayak, paddleboard, and golf cart rentals. The ferry runs daily, offering seamless access to your private sanctuary—just drive aboard, cross the water, and step into a world where life slows down and serenity takes center stage. Palm Island is more than a destination; it is a truly extraordinary place to call home.

Location

Details

Type:
Residential
Parking:
Covered / Driveway / Golf Cart Parking / Under Building
Year Built:
2003
Lot:
0.47 Acres
Heating:
Central
Price/sqft:
$483
Cooling:
Central Air
HOA:
$125

Valuation

Our model vs. what's actually selling nearby.
Estimate
$449,950
$387K – $612K
Confidence Low
List vs. estimate
$449K above estimate
List $899,900 · +100.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$482
+45.9% vs. city median $330
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,276
2025
HOA
$125/yr
View
Water
Waterfront
Bay/Harbor
Furnished
Turnkey
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Tile

    • Luxury Vinyl

    • Hardwood

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Range Hood

    • Refrigerator

    • Washer

    Other interior features

    • Cathedral Ceiling(s)

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • High Ceilings

    • Open Floorplan

    • Solid Surface Counters

    • Solid Wood Cabinets

    • Vaulted Ceiling(s)

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • Covered

    • Driveway

    • Golf Cart Parking

    • Under Building

    Property

    • Levels: Two

    • Exterior Features: Balcony / Irrigation System / Lighting / Outdoor Shower / Sliding Doors

    Lot

    • Lot: 0.47 Acres

    Other Property Information

    • Parcel Number: 412033128009

    • Zoning: RSF3.5

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Available

    • Cable Connected

    • Electricity Connected

    • Propane

    • Underground Utilities

  • Other financial information

    • HOA: $125

    • HOA Frequency: Annually

    • Annual tax amount: $10,276

  • Source details

    • MLS ID: A4679720

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Stilt/On Piling

    • Fireplace Features: Family Room / Wood Burning

    • Laundry Features: Inside / Laundry Chute / Laundry Room

    • Lot Features: FloodZone / In County / Oversized Lot

    • Patio And Porch Features: Covered / Deck / Screened

    • Window Features: Blinds / Rods / Thermal Windows / Window Treatments

    • Direction Faces: East

    • Architectural Style: Coastal

    • Waterfront: Yes

    • Fireplace: Yes

    • Water Body Name: BOCILLA PASS

    • Living Area: 1865

    • Water Source: Public

    • 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