Steps from the Gulf - Rare Treasure Island Redevelopment

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Townhome/Townhouse For Sale

265 115TH AVENUE

Treasure Island, Florida 33706

Pinellas County

Community: ISLE OF PALMS

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$785,000 4 br, 0.0 bath 2992 sq. ft. 0.150 acres

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.

Interior:
  • Bedrooms: 4
  • Baths: 0.0
  • Sq Ft: 2992
  • Year Built: 1959
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: Central
  • Garage: Boat, Carport
Exterior:
  • Lot Size: 0.150 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Block
  • Roof: Built-Up
  • Property Taxes: $3,877
  • MLS #: TB8386220
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Contact Information:
Beach Townhome/Townhouse For Sale in Treasure Island, Florida
Listing Agent: Kristina Gabrielsen, Lpt Realty, LLC, 713-444-8536, 877-366-2213 Listing Site, Listing Status: Active
Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6374793
Viewed 69 times.
Updated: Oct 16, 2025

This property is a Townhome/Townhouse located at 265 115TH AVENUE, Treasure Island, Florida 33706, and is currently For Sale at $785,000. This Townhome/Townhouse has 4 bedrooms, 0.0 baths, 2992 sq ft.