Palm Island Siesta Key Florida is unique in the sense that it offers home buyers the opportunity to own a very special piece of Florida. This waterfront neighborhood is actually “an island within an island;” it consists of a heart-shaped canal, a perimeter road, two cross streets, a bridge that connects to Siesta Key, a water trail to Sarasota Bay, and 140 single-family homes.

The history of Palm Island dates back to the pre-World War II period of residential development in Sarasota. This is the kind of neighborhood that circus magnate John Ringling had in mind when he came back from European cities such as Venice. Palm Island is surrounded by water and nature, and it offers house hunters a nice sense of seclusion without having to move too far from the city or from the beach.

Palm Island Siesta Key, Florida, offers a diverse range of homes, including cottages, Florida ranch-style residences, and waterfront estates inspired by Key West and Mediterranean designs. As of early 2025, property listings on Palm Island encompass various styles and sizes, with prices reflecting this diversity. Notably, a 4-bedroom, 3-bathroom home with 2,346 square feet is listed at $950,000, while a luxurious 4-bedroom, 6-bathroom waterfront estate spanning 8,138 square feet is available for $19,950,000. Latest pricing at Palm Island Siesta Key Florida will be found below if there is inventory.

Palm Island will equally appeal to families, seasonal residents and retirees. The white sands of Siesta Beach are just a walk away. The small Siesta Key Village shopping center and Glebe Park are also within walking distance. Driving to the Downtown Sarasota arts and culture district is a matter of getting on Midnight Pass Road and Ocean Boulevard for a few minutes, then connecting with Siesta Drive. Even better, launching a boat from Palm Island to the Sarasota Bay takes less than 20 minutes.