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  • Price$999,999
  • Beds3
  • Baths2
  • Sq. Ft.1,865
  • Acres0.47
  • Built2003

120 Gasparilla Way, PLACIDA

Experience the unmatched allure of Palm Island, one of Florida’s most secluded and luxurious coastal escapes. 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, 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.

Essential Information

  • MLS® #A4679720
  • Price$999,999
  • Bedrooms3
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,865
  • Acres0.47
  • Year Built2003
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StyleCoastal
  • StatusActive

Amenities

  • ParkingCovered, Driveway, Golf Cart Parking, Under Building
  • ViewWater
  • Is WaterfrontYes
  • WaterfrontBay/Harbor

Exterior

  • Exterior FeaturesBalcony, Irrigation System, Lighting, Outdoor Shower, Sliding Doors
  • Lot DescriptionFloodZone, In County, Oversized Lot
  • RoofMetal
  • FoundationStilt/On Piling

Additional Information

  • Date ListedJanuary 26th, 2026
  • Days on Market13
  • ZoningRSF3.5

Community Information

  • Address120 Gasparilla Way
  • AreaPlacida
  • SubdivisionPALM ISLAND ESTS
  • CityPLACIDA
  • CountyCharlotte
  • StateFL
  • Zip Code33946

Interior

  • Interior FeaturesCathedral 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
  • AppliancesBuilt-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
  • HeatingCentral
  • CoolingCentral Air
  • FireplaceYes
  • FireplacesFamily Room, Wood Burning

School Information

  • ElementaryVineland Elementary
  • MiddleL.A. Ainger Middle
  • HighLemon Bay High
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Listing information courtesy of Coldwell Banker Realty.

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on February 9th, 2026 at 11:24am CST.