Select updates planned; pricing subject to change once improvements begin.
Steps from the Gulf – Rare Treasure Island Redevelopment Opportunity
Located just steps from the shimmering waters of the Gulf, 265 115th Avenue is a rare and exciting opportunity in the heart of Treasure Island. This property is not just about what currently stands—it’s about what can be.
Set in a highly desirable multifamily zoning district, this parcel offers endless potential for redevelopment in one of Florida’s most sought-after beach communities. Whether you’re envisioning a luxury duplex, charming coastal cottages, or a sleek new vacation rental, the zoning opens the door to a variety of residential uses that deliver strong returns and the ultimate beach lifestyle.
The solid block duplex with a two-story block extension (built in 2018) provides a strong foundation and immediate utility, while the property itself has already been fully remediated and continuously occupied by the owner. It’s now a blank canvas ready for future beach lovers to bring their vision to life.
With generous lot dimensions, multifamily potential, and a location that puts you just steps from sandy shores, the possibilities are unmatched. Surround yourself with vibrant coastal charm while enjoying the convenience of nearby restaurants, shopping, and entertainment—all within a laid-back, walkable community.
This is the kind of opportunity investors, builders, and future homeowners dream about: where land, location, and zoning align perfectly. Whether for personal use, income generation, or both, the stage is set for something extraordinary.
Steps from the Gulf – Rare Treasure Island Redevelopment Opportunity
Located just steps from the shimmering waters of the Gulf, 265 115th Avenue is a rare and exciting opportunity in the heart of Treasure Island. This property is not just about what currently stands—it’s about what can be.
Set in a highly desirable multifamily zoning district, this parcel offers endless potential for redevelopment in one of Florida’s most sought-after beach communities. Whether you’re envisioning a luxury duplex, charming coastal cottages, or a sleek new vacation rental, the zoning opens the door to a variety of residential uses that deliver strong returns and the ultimate beach lifestyle.
The solid block duplex with a two-story block extension (built in 2018) provides a strong foundation and immediate utility, while the property itself has already been fully remediated and continuously occupied by the owner. It’s now a blank canvas ready for future beach lovers to bring their vision to life.
With generous lot dimensions, multifamily potential, and a location that puts you just steps from sandy shores, the possibilities are unmatched. Surround yourself with vibrant coastal charm while enjoying the convenience of nearby restaurants, shopping, and entertainment—all within a laid-back, walkable community.
This is the kind of opportunity investors, builders, and future homeowners dream about: where land, location, and zoning align perfectly. Whether for personal use, income generation, or both, the stage is set for something extraordinary.
Property Details
Price:
$785,000
MLS #:
TB8386220
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Subtype:
Duplex
Subdivision:
ISLE OF PALMS
Neighborhood:
33706passagrillebchstpetebchtreasureisl
Listed Date:
May 14, 2025
Finished Sq Ft:
2,992
Total Sq Ft:
3,948
Lot Size:
6,338 sqft / 0.15 acres (approx)
Year Built:
1959
Units:
2
See this Listing
Schools
Elementary School:
Azalea Elementary-PN
Middle School:
Azalea Middle-PN
High School:
Boca Ciega High-PN
Interior
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Cooling
Central Air
Flooring
Tile
Heating
Central
Interior Features
Other
Laundry Features
Laundry Room
Levels
One
Exterior
Construction Materials
Block
Covered Spaces
2
Exterior Features
Awning(s)
Parking Features
Boat
Roof
Built-Up
View
Water
Financial
Tax Year
2024
Taxes
$3,877
Map
Community
- Address265 115TH AVENUE TREASURE ISLAND FL
- SubdivisionISLE OF PALMS
- CityTREASURE ISLAND
- CountyPinellas
- Zip Code33706
Subdivisions in TREASURE ISLAND
- 300 CAPRI BLVD
- AQUALINA
- BAY BREEZE CONDO
- BEACH PLACE OF TREASURE ISLAND
- BEACH VILLAS OF TREASURE ISLAND
- BLIND PASS LAGOONS CONDO
- BLUE WATERS THE CONDO
- CAPRI HARBOR CONDO
- CAPRI ISLE
- CAPRI ISLE GARDEN
- CAPRI ISLE SUB
- CAPRI ISLE TOWNHOMES
- CAPRI ISLE TWNHMS
- CAPRI LAGOONS CONDO
- CAPRI TOWNHOME CONDOMINIUM
- CARAVEL 1 CONDO
- CAREFREE APTS CONDO
- CATALINA GRAND CONDO THE
- CEDARSAND CONDO
- CHALET CAPRI II
- CLUB CAPRI CONDO
- CONEY ISLAND
- CONEY ISLAND 1ST ADD UNREC
- CONEY ISLAND PT REP OF BLK 19
- CRYSTAL PALMS BCH RESORT AT TREASURE ISLAND CONDO
- DEL MAR AT SUNSET BEACH
- DOLPHIN BAY REP
- EIGHTY-FIFTH AVE REP
- ENTRADA CONDO
- GRIFFITH CAPRI ISLE CONDO
- GULF TO BAY LAGOONS CONDO
- HARBORVIEW CONDO
- HARRELLS ADDIE B SUB
- HARRELLS T W
- HERRONS SUB 1
- HERRONS SUB 2
- HERRONS SUB 3
- HERRONS SUB 5
- HERRONS SUB 6
- HERRONS SUB 8
- ISLAND INN CONDO
- ISLAND TWNHMS TREASURE ISLAND
- ISLE OF CAPRI TWNHMS
- ISLE OF PALMS
- ISLE OF PALMS 1ST ADD
- ISLE OF PALMS 2ND ADD
- KEY CAPRI CONDO
- LANDS END AT SUNSET BEACH CONDO
- MALYN CONDO MOTEL CONDO
- MANSIONS BY THE SEA CONDO
- MC SHEEHY SUB
- OCEAN CLUB
- OCEAN CLUB TREASURE ISLAND A RESORT CONDO
- OCEANA AT TREASURE ISLAND CONDO
- OLCOTT-KELLEY SUB
- ONE THIRTY FIVE SUNSET PLACE
- PARADISE ISLAND
- PARADISE ISLAND 1ST ADD
- PARADISE ISLAND 2ND ADD
- PARADISE ISLAND 2ND ADD PT 3
- PARADISE ISLAND 2ND ADD PT 4
- PARADISE ISLAND 3RD ADD
- PARADISE ISLAND 4TH ADD
- PARADISE ISLAND 5TH ADD
- PARADISE ISLAND 6TH ADD
- PARADISE ISLAND TOWERS CONDO
- PARADISE VILLAGE TWNHMS
- PEARL
- PENQUIN CABANA SUB
- REUER SUB
- SAND DUNES THE CONDO
- SAWYER & HARRELLS 2ND ADD
- SOUTH BEACH CONDO HOTEL
- SUN KETCH CONDO
- SUNSET BEACH
- SUNSET BEACH UNIT 04
- SUNSET CHATEAU CONDO
- SUNSET COVE CONDO
- SUNSET LANDINGS
- SUNSET VISTAS CONDO HOTEL ON THE GULF
- TIDES OF CAPRI WEST CONDO
- TREASURE ISLAND CITY OF
- TREASURE ISLAND LAGOONS CONDO
- TREASURE ISLAND TENNIS & YACHT CLUB
- TREASURE ISLAND VILLAS
- TREASURE ISLAND VILLAS CONDO
- TREASURE ISLANDS POINTS WEST APTS CONDO
- TREASURE SANDS CONDO
- TREASURES OF CAPRI CONDO
- TREASURES OF CAPRI SUB
- TROPIC TERRACE APT
- VILLA CAPRI – TI1 A CONDO
- VILLA CAPRI – TI2 A CONDO
- VILLAGE OF PARADISE ISLAND
- VITTORIA CONDO
- WESTWIND AT TREASURE ISLAND CONDO THE
- WESTWIND CONDO APTS
- WHITE HART CONDO
Market Summary
Current real estate data for Multi Family in TREASURE ISLAND as of Jun 17, 2026
12
Multi Family Listed
169
Avg DOM
465
Avg $ / SqFt
$1,270,233
Avg List Price
Property Summary
- Located in the ISLE OF PALMS subdivision, 265 115TH AVENUE TREASURE ISLAND FL is a Multi Family for sale in TREASURE ISLAND, FL, 33706. It is listed for $785,000 To schedule a showing of MLS#tb8386220 at 265 115TH AVENUE in TREASURE ISLAND, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
Similar Listings Nearby
Courtesy of LPT REALTY, LLC.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 265 115TH AVENUE
TREASURE ISLAND, FL