265 115TH AVENUE
TREASURE ISLAND, FL 33706
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.
Sample estimate — not an appraisal
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- 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.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 1, 2026 | Price increased | $834,900 | +$135,900 |
| May 9, 2025 | Listed | $699,000 | — |
NeighbourhoodSample data
Reference scores for TREASURE ISLAND, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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