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About This Home
This 4-bedroom, 0-bathroom multi-family at 265 115TH AVENUE in Treasure Island, FL is listed for $785,000 ($262 per sqft). Built in 1959, the home offers 2,992 sqft of living space on a 0.15 acres lot.
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.
Key Features
- Built in 1959
- 0.15 acre lot
Property Details
Amenities
Monthly Cost Estimate
$4,198/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
265 115TH AVENUE
Treasure Island, FL 33706
ISLE OF PALMS
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 0-bathroom multi-family at 265 115TH AVENUE is listed at $785,000 ($262/sqft). The estimated monthly payment is $3,402 based on 20% down at 6.5% interest.
Key features include: Built in 1959, 0.15 acre lot. Exterior Features: Awning(s).
This property is listed by Kristina Gabrielsen and can be reached at 7134448536 or kristina.g.mvt@gmail.com.






