Property Description

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.

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Included Appliances

Built-In OvenCooktopDishwasherDisposalDryerElectric Water HeaterMicrowaveRangeRange HoodRefrigeratorWasher

Property Details

Highlights

View

Yes

Waterfront

Yes

Interior

Additional Rooms

Great RoomInside UtilityLoft

Appliances

Built-In OvenCooktopDishwasherDisposalDryerElectric Water HeaterMicrowaveRangeRange HoodRefrigeratorWasher

Bathrooms Total Decimal

2

Building Area Total

2676

Cooling

Central Air

Fireplace Features

Family RoomWood Burning

Flooring

Ceramic TileLuxury VinylHardwood

Furnished

Turnkey

Heating

Central

Interior Features

Cathedral Ceiling(s)Ceiling Fan(s)Eating Space In KitchenHigh CeilingsOpen FloorplanSolid Surface CountersSolid Wood CabinetsVaulted Ceiling(s)Walk-In Closet(s)Window Treatments

Laundry Features

InsideLaundry ChuteLaundry Room

Living Area

1865

Rooms Total

8

Security Features

Smoke Detector(s)

Window Features

BlindsRodsThermal WindowsWindow Treatments

Construction

Architectural Style

Coastal

Building Area Source

Owner

Building Area Units

Square Feet

Construction Materials

Wood Frame

Direction Faces

East

Foundation Details

Stilt/On Piling

Levels

Two

Living Area Source

Owner

Living Area Units

Square Feet

Property Condition

Completed

Roof

Metal

Year Built

2003

Site & Exterior

Carport Spaces

Yes

Covered Spaces

Yes

Exterior Features

BalconyIrrigation SystemLightingOutdoor ShowerSliding Doors

Fencing

Wood

Flood Zone Code

AE

I D X Participation

Yes

Lot Features

FloodZoneIn CountyOversized Lot

Lot Size Acres

0.47

Lot Size Area

20560

Lot Size Square Feet

20560

Lot Size Units

Square Feet

Open Parking

Yes

Parking Features

CoveredDrivewayGolf Cart ParkingUnder Building

Patio And Porch Features

CoveredDeckScreened

Public Survey Range

20

Public Survey Section

33

Road Frontage Type

Street Unpaved

Road Responsibility

Public Maintained Road

Road Surface Type

UnimprovedGravel

Sewer

Septic Tank

Total Acreage

1/4 to less than 1/2

Utilities

Cable AvailableCable ConnectedElectricity ConnectedPropaneUnderground Utilities

View

Water

Water Access

Yes

Water Body Name

BOCILLA PASS

Water Source

Public

Water View

Yes

Waterfront

Yes

Waterfront Features

Bay/Harbor

Waterfront Feet Total

41

Zoning

RSF3.5

Zoning Compatible

Yes

Financials

Association Fee

125

Association Fee Frequency

Annually

Calculated List Price By Calculated Sq Ft

482.52

Contract Status Change Date

2026-01-26

Current Price

899900

Feed Types

BBO

Lease Considered

Yes

Minimum Lease

No Minimum

Monthly H O A Amount

10.42

Owner Name

ON FILE

Ownership

Fee Simple

Parcel Number

412033128009

Public Survey Township

41

Tax Annual Amount

10276

Tax Block

E

Tax Legal Description

PALM ISLAND ESTS UNIT 4 BLK E LT 12 671/1643 740/2133 742/302 894/239 914/1583 942/1796 E1023/1092

Tax Lot

12

Tax Year

2025

Total Annual Fees

125

Total Monthly Fees

10.42

Neighborhood & Lifestyle

Community & Association

Association Fee Requirement

Optional

Community Features

Golf Carts OK

M L S Area Major

33946 - Placida

Pets Allowed

Yes

S W Subdiv Community Name

Palm Island Estates

Subdivision Name

PALM ISLAND ESTS

Schools

Ratings

Elementary

Vineland Elementary

Middle

L.A. Ainger Middle

High

Lemon Bay High

Listing provided courtesy of STELLAR via IDX. Updated: Jun 30, 2026, 1:38pm.

120 GASPARILLA WAY

120 GASPARILLA WAY

Property Description

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120 GASPARILLA WAY

120 GASPARILLA WAY

Property Description

Watch Video Tour

Property Details

Highlights

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Schools

Tami Cashi