265 115TH AVENUE TREASURE ISLAND FL 33706 MLS #TB8386220

265 115TH AVENUE
TREASURE ISLAND, FL, 33706
$785,000
4 Beds
2 Baths
2,992 SqFt
0.15 Acres
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MLS #TB8386220 image #0
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.

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
33706 – Pass A Grille Bch/st Pete Bch/treasure Isl33706passagrillebchstpetebchtreasureislIsle Of PalmsAzalea Elementary-pnAzalea Middle-pnBoca Ciega High-pnWaterPlease Verify With City For Airbnb, Sellers Have Had No Issues In The PastNo MinimumPets Allowed

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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

Subdivisions in TREASURE ISLAND

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.

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265 115TH AVENUE
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