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Active · Multi-Family

265 115TH AVENUE

TREASURE ISLAND, FL 33706

Beds
4 beds
Baths
2 baths
Area
2,992 sqft
Multi-FamilyBuilt 19596,338 sqft lotCentralCentral Air$279/sqft465 days on market

About this home

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.

Facts & features

Interior

Bedrooms
4
Bathrooms
2
Living area
2,992 sqft
Heating
Central
Cooling
Central Air
Flooring
Tile
Features
Other
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior & lot

Lot size
6,338 sqft (0.15 ac)
Roof
Built-Up
Construction
Block
Exterior
Awning(s)

Parking

Carport
2 spaces

Financial

Annual tax
$3,877 (2024)
Price / sqft
$279/sqft

Utilities

Water
Public
Sewer
Public Sewer
Utilities
Public

Property

Property type
Multi-Family
Year built
1959
Subdivision
ISLE OF PALMS
County
Pinellas

Assigned schools

Elementary
Azalea Elementary-PN
Middle
Azalea Middle-PN
High
Boca Ciega High-PN

Listing

Status
Active
Days on market
418 days
MLS #
MFR759264699
Source
Stellar MLS

Listed by Kristina Gabrielsen · LPT REALTY, LLC.

Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.

RRENA ValiQRENA ValiQ is an estimated value, blended from public sale comps, neighbourhood trend and this listing’s own metrics. It is a reference, not a guaranteed or asking price. The final number moves on diligence, terms and timing.Estimate

Sample estimate — not an appraisal

$900k
+7.8% vs asking
$850k low$950k high

Based on 14 comparable sales within 4 miles of TREASURE ISLAND, FL, this home is priced under RENA ValiQ.

Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.

Estimate your monthly cost

PITI + HOA
Estimated monthly payment$4,745/mo
Principal & interest
$4,222/mo
Property tax
$323/mo
Home insurance
$200/mo

Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.

Ask about this property

Answered from this listing’s own figures and the sales around it.

Price history

From the property’s MLS record.

DateEventPriceChange
Aug 1, 2026Price increased$834,900+$135,900
May 9, 2025Listed$699,000

NeighbourhoodSample data

Reference scores for TREASURE ISLAND, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.

Walk Score
47/ 100
Car-dependent
Transit Score
30/ 100
Some transit
Bike Score
60/ 100
Bikeable
Elementary school
Azalea Elementary-PN
Assigned school from the MLS record
Middle school
Azalea Middle-PN
Assigned school from the MLS record
High school
Boca Ciega High-PN
Assigned school from the MLS record

Location

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