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Sold for $820,000
  • $820,000

    120 GASPARILLA WAY, PLACIDA, FL 33946

    3beds
    1,865sqft
    Single Family Residence
    Built in 2003
    0.47 Acres Lot
    $838,200 Zestimate®
    $440/sqft
    $5,266 Estimated rent

    Home value

    $838,200

    $796,000 - $880,000

    $5,266/mo

    Zestimate® history
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    What's special

    Three beautifully appointed bedroomsDramatic loft-style primary suiteSoaring vaulted ceilingsCorner wood-burning coral fireplaceSerene harborsExpansive great roomWinding lagoons
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tami Cashi 941-527-9088,

    COLDWELL BANKER REALTY 941-907-1033,

    Lori Cashi-Haught 941-545-5016,

    COLDWELL BANKER REALTY

    Bought with:

    Non-Member Agent

    STELLAR NON-MEMBER OFFICE

    Source: Stellar MLS,MLS#: A4679720MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Great Room, Utility Room, Loft
    Primary bedroom
    • Features: Walk-In Closet(s)
    • Level: Third
    • Area: 204 Square Feet
    • Dimensions: 17x12
    Bedroom 2
    • Features: Built-in Closet
    • Level: Second
    • Area: 110 Square Feet
    • Dimensions: 11x10
    Bedroom 3
    • Features: Built-in Closet
    • Level: Second
    • Area: 110 Square Feet
    • Dimensions: 11x10
    Primary bathroom
    • Features: Dual Sinks, En Suite Bathroom, Shower No Tub
    • Level: Third
    Balcony porch lanai
    • Level: Second
    • Area: 120 Square Feet
    • Dimensions: 15x8
    Great room
    • Features: Ceiling Fan(s)
    • Level: Second
    • Area: 210 Square Feet
    • Dimensions: 14x15
    Kitchen
    • Features: Pantry
    • Level: Second
    • Area: 120 Square Feet
    • Dimensions: 15x8
    Living room
    • Level: Second
    • Area: 210 Square Feet
    • Dimensions: 14x15
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
    • Laundry: Inside, Laundry Chute, Laundry Room
    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)
    • Flooring: Ceramic Tile, Luxury Vinyl, Hardwood
    • Doors: Outdoor Shower, Sliding Doors
    • Windows: Window Treatments
    • Has fireplace: Yes
    • Fireplace features: Family Room, Wood Burning
    Interior area
    • Total structure area: 2,676
    • Total interior livable area: 1,865 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Covered, Driveway, Golf Cart Parking, Under Building
    • Carport spaces: 1
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Deck, Screened
    • Exterior features: Balcony, Irrigation System, Lighting, Outdoor Shower
    • Fencing: Wood
    • Has view: Yes
    • View description: Water, Bay/Harbor - Partial, Intracoastal Waterway
    • Has water view: Yes
    • Water view: Water,Bay/Harbor - Partial,Intracoastal Waterway
    • Waterfront features: Bay/Harbor, Bay/Harbor Access, Beach - Access Deeded
    • Body of water: BOCILLA PASS
    Lot
    • Size: 0.47 Acres
    • Features: FloodZone, In County, Oversized Lot
    Details
    • Parcel number: 412033128009
    • Zoning: RSF3.5
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Coastal
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame
    • Foundation: Raised
    • Roof: Metal
    Condition
    • Completed
    • New construction: No
    • Year built: 2003

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Cable Available, Cable Connected, Electricity Connected, Propane, Underground Utilities

    Community & HOA

    Community
    • Features: Golf Carts OK
    • Security: Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: PALM ISLAND ESTS
    HOA
    • Has HOA: Yes
    • HOA fee: $10 monthly
    Location
    • Region: Placida

    Financial & listing details

    • Price per square foot: $440/sqft
    • Tax assessed value: $555,399
    • Annual tax amount: $10,276
    • Date on market: 1/26/2026
    • Cumulative days on market: 172 days
    • Listing terms: Cash,Conventional,VA Loan
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Unimproved, Gravel

    Price history

    DateEventPrice
    10/5/2026Sold$820,000-8.9%$440/sqft
    Source: Stellar MLS #A4679720 Report a problem
    8/11/2026Listed for sale$899,900$483/sqft
    Source: Stellar MLS #A4679720 Report a problem
    7/17/2026Contingent$899,900$483/sqft
    Source: Stellar MLS #A4679720 Report a problem
    6/30/2026Price change$899,900-5.3%$483/sqft
    Source: Stellar MLS #A4679720 Report a problem
    5/3/2026Price change$949,900-2.6%$509/sqft
    Source: Stellar MLS #A4679720 Report a problem
    4/16/2026Price change$974,900-2.5%$523/sqft
    Source: Stellar MLS #A4679720 Report a problem
    4/1/2026Price change$999,9980%$536/sqft
    Source: Stellar MLS #A4679720 Report a problem
    1/26/2026Listed for sale$999,999+90.5%$536/sqft
    Source: Stellar MLS #A4679720 Report a problem
    12/5/2024Listing removed$7,000$4/sqft
    Source: Stellar MLS #A4590789 Report a problem
    7/18/2024Listed for rent$7,000$4/sqft
    Source: Stellar MLS #A4590789 Report a problem
    7/9/2014Sold$525,000+1212.5%$282/sqft
    Source: Public Record Report a problem
    1/31/2013Sold$40,000-93.3%$21/sqft
    Source: Agent Provided Report a problem
    3/5/2012Listed for sale$599,000+1397.5%$321/sqft
    Source: ISLANDER PROPERTIES INC #D5786744 Report a problem
    7/27/2001Sold$40,000$21/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,705 -11%$555,399 -10.9%
    2024$12,023 +4.4%$623,461 +16%
    2023$11,521 +12.3%$537,697 +10%
    2022$10,262 +9.5%$488,815 +10%
    2021$9,372 -0.8%$444,377 -0.5%
    2020$9,447 -3.3%$446,658 -3.9%
    2019$9,766 +9.9%$464,732 +6.5%
    2018$8,890 $436,269 +0.5%
    2017$8,890 +1.8%$434,142 +6.4%
    2016$8,729 +2.1%$408,001 +10%
    2015$8,548 +8.5%$370,910 +2.5%
    2014$7,880 +16.3%$361,716 +12.4%
    2013$6,776 +12.1%$321,809 +10%
    2012$6,046 +3.6%$292,554
    2011$5,835 +16.2%$292,554 +10%
    2010$5,022 -15%$265,958 -20.3%
    2009$5,906 $333,617
    Find assessor info on the county website

    Neighborhood: 33946

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Vineland Elementary
    • Middle: L.A. Ainger Middle
    • High: Lemon Bay High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $838,200
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    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
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    With Zillow Showcase(estimated)

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