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For sale
    • Price cut: $50K (6/30)
    $899,900

    120 Gasparilla Way, Placida, FL 33946

    3beds
    1,865sqft
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    Single Family Residence
    Built in 2003
    0.47 Acres Lot
    $-- Zestimate®
    $483/sqft
    $10/mo HOA

    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.
    165 days
    |
    561
    |
    26
    |

    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

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

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      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: Blinds, 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
      Video & virtual tour

      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: $483/sqft
      • Tax assessed value: $555,399
      • Annual tax amount: $10,276
      • Date on market: 1/26/2026
      • Cumulative days on market: 165 days
      • Listing terms: Cash,Conventional,VA Loan
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Unimproved, Gravel

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33946

        Getting around

        8 / 100
        Car-Dependent
        34 / 100
        Somewhat Bikeable

        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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