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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.

Agent Description

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

1959

Amenities

RV Parking

Monthly Cost Estimate

$4,198/mo

20% down · 6.5% · 30 years

Principal$568
Interest$3,402
Insurance$229

Estimates only. Actual payments may vary.

Location

265 115TH AVENUE

Treasure Island, FL 33706

ISLE OF PALMS

Features & Amenities

Exterior Features

Awning(s)

Property Details

Flooring

Tile

Construction

Block

Parking

BoatCarport

Heating

Central

Cooling

Central Air

Appliances

DishwasherDryerMicrowaveRefrigeratorWasher

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.

KG

Kristina Gabrielsen

Agent at LPT REALTY, LLC.

(713) 444-8536

Listed by LPT REALTY, LLC. · View on Broker Site

MLS# TB8386220· Source: listhub· Updated 388 days ago

Copyright © 2026 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.

265 115TH AVENUE, Treasure Island, FL 33706

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