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This island neighborhood represents a small enclave of homes that boast the perfect blend of tranquility and convenience. With close proximity to Siesta Key's renowned beach and the bustling Village, residents of Palm Island enjoy the best of both worlds. Many homes are situated along the deep-water canals, providing convenient boat docks for avid boaters. Palm Island residents embrace a laid-back Florida lifestyle, relishing in the ease of access to shopping, charming cafes, exquisite restaurants, and convenient stores. For those seeking a change of scenery, downtown Sarasota is just a short drive away via the south Siesta Key Bridge.

In summary, Palm Island stands as a captivating neighborhood on Siesta Key, where Sarasota real estate opportunities beckon to those seeking a slice of paradise. With its lush surroundings, serene ambiance, and proximity to the world-famous beach and lively village, Palm Island offers an enchanting lifestyle that embodies the essence of coastal living. Embrace the unique opportunity to reside in this idyllic enclave, where cherished homes for sale capture the true spirit of Palm Island and its coveted Siesta Key address.

Palm Island Community Summary

Palm Island is a waterfront community of single family homes in Sarasota, Florida, with a range of options priced between $625,000 and $3,235,000. There are currently a total of 10 homes for sale on Palm Island. The smallest Palm Island home presently available is a two bedroom one bathroom residence that is 1,368 square feet (1,184SF Under Air living space), and the largest of the Palm Island homes currently on the market has five beds and four baths and is a 4,922 square foot (3,855SF Under Air) residence.

There is also a community park.

The Palm Island HOA rules do allow homeowners to have pets. Dogs and cats are allowed.

There are three commercial airports that serve Palm Island - Sarasota Bradenton International (SRQ), which is eight miles away; Punta Gorda (PGD), which is 43 miles away, and Tampa International (TPA), which is 49 miles away.

Palm Island real estate activity on the Sarasota MLS during the past year (as of October 2025) reflects seven homes changing hands, with an average asking price of $1,660,000 and an average selling price of $1,552,214. This represents a healthy list-to-sell price ratio of 94% and $422 per square foot. During this period, Palm Island homes for sale have taken an average of 50 days to sell.

In addition, there are numerous other communities in Sarasota to choose from, or you may browse all available Sarasota Real Estate, including some new construction opportunities. Homes for sale in Palm Island are selling quickly. Set up a new listing alert, and we will notify you immediately when a new waterfront home in Palm Island hits the market. You can also always contact your ZFC Real Estate agent, who would happily assist you further with all your Florida real estate needs.

The data relating to homes for sale or lease or other real estate for sale or for rent on the ZFC website comes in part from a cooperative data exchange program of the MLS in which this Broker participates. The real estate displayed may not be all of the homes in the database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Homes for sale that are listed by Brokers other than this Broker are marked with either the listing Broker's name or the MLS name or a logo provided by the MLS and the details page about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. ZFC, the Florida Association of Realtors and its cooperating Multiple Listing Services do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law including the fair housing act prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.