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This residence, located within the gated community of Caya Costa, has been meticulously maintained by the current homeowner since 1999.
This custom-designed beauty is a one-of-a-kind luxury home that features a super impressive entryway and foyer.
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1186 Gasparilla Drive NESt Petersburg, FL, 33702

3beds
3baths
2,481sqft
Single Family Residence
Built in 1989
$268 Monthly HOA Fee
$765,000
For sale
Price per sqft
$308
Days on market
1
Listed
Oct 23
MLS #TB8556679Updated Oct 24, 2026

About this property

Bring your vision to one of the most livable floor plans in gated Caya Costa, the never-flooded, staffed-gate boating community in Northeast St. Petersburg with a private boat ramp and community boat storage. This single-story 3-bedroom, 3-bath pool home offers 2,481 sq ft on a 75 x 115 lot with a two-car garage, and the architecture that is hardest to create is already here: 12-foot ceilings in the kitchen, 10-foot ceilings throughout, and 8-foot walls of glass. In the family room, 8-foot triple sliders pocket completely against the exterior wall, opening the room to a screened lanai, pavered pool deck and propane-heated spa for true indoor-outdoor living. The formal living room's double 8-foot sliders look across the pool to the preserve behind the home, so there are no rear neighbors in view.

The home is well maintained but its finishes are original to its era, making this a value-add opportunity for a buyer ready to renovate. The bones support a finish-level update rather than structural work: kitchen, primary bath, flooring, paint, lighting and the floor-to-ceiling brick fireplace surround are ready for your design. Hardwood in the family room, tile in the kitchen and plantation shutters are in place. The first-floor primary suite opens directly to the pool and includes a large bath with dual sinks, a vanity station and a window seat. The kitchen has a breakfast bar and an eat-in dining area with an arched, shuttered window.

Key systems and costs are known: roof replaced 2011, HVAC systems 2021 and 2025, and an assumable NFIP flood policy at $1,974 per year. This home has NEVER flooded — not during the historic flooding of 2024, when no home in Caya Costa took water, and never before that. Fenced, dog-friendly yard and screened porch.

Caya Costa amenities include a 24/7 manned gated entry, community pool and hot tub with covered gazebo, tennis and pickleball courts, a canal-side fishing pier, privately maintained roads, and a boat storage yard for boats, trailers, wave runners, kayaks and paddleboards with private ramp access. Close to Carillon Business Center, Raymond James, Franklin Templeton, Jabil and Downtown St. Petersburg, with quick access across the bay to Tampa International Airport, Westshore, Hyde Park, Water Street and Benchmark International Arena. Publix, Whole Foods, Trader Joe's and a public park are nearby.

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Property details

Property type
Single Family Residence
Street address
1186 Gasparilla Drive NE
City
St Petersburg
State
FL
ZIP code
33702
Year built
1989
New construction
No
Faces
East
Rooms
4
Building stories
1
Living area
2,481 sqft
Total building area
3,369 sqft
Levels
One

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Price & sale history

EventPrice
Listed for saleMLS #TB8556679$765,000
History may be incomplete.
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Location

This residence, located within the gated community of Caya Costa, has been meticulously maintained by the current homeowner since 1999.
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