# 265 115TH Avenue, Treasure Island, FL 33706 > **TL;DR:** 4bd/2ba multi-family, $834,900 ($279/sqft), built 1959, 2,992 sqft. > View, A/C, RV Parking. Est. $4,466/mo. Listed 540 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $834,900 | | Price/sqft | $279 | | Bedrooms | 4 | | Bathrooms | 2 full | | Square Feet | 2,992 | | Year Built | 1959 | | Lot Size | 6,534 sqft (0.15 acres) | | Stories | 1 | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 540 | ## Why This Home Stands Out - **Views** - Water ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,222 | | Estimated Insurance | $244 | | **Total** | **$4,466** | ## Nearby Schools - **Elementary:** Azalea Elementary-PN - **Middle:** Azalea Middle-PN - **High:** Boca Ciega High-PN ## Key Amenities - View - A/C - RV Parking ## Property Highlights - Built in 1959 - 0.15 acre lot ## Description ### 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. ## Location - **Address:** 265 115TH Avenue, Treasure Island, FL 33706 - **County:** Pinellas - **Neighborhood:** ISLE OF PALMS - **Coordinates:** 27.775575, -82.772264 - **Google Maps:** https://www.google.com/maps?q=27.775575,-82.772264 ## Virtual Tour & Media - **Video Tour:** https://www.zillow.com/view-imx/f03ee2dc-afbf-455a-baa5-af41e8695f99?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard ## Listing Agent - **Name:** Kristina Gabrielsen - **Brokerage:** Lpt Realty, LLC - **Broker Phone:** (877) 366-2213 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/265-115th-Ave_Treasure-Island_FL_33706_M63963-80918?f=listhub&s=MFRMLSFL&m=TB8386220&c=propsimple) ## Photos ![265 115TH Avenue - Photo 1](http://lh.rdcpix.com/4a5083906a78ff413b62df7499afd91bl-f989241397r.jpg) --- **MLS#:** TB8386220 | **Updated:** 2026-10-26 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/265-115th-avenue-treasure-island-fl-33706-cfd9537efc3d4e56aa2080014ba2b9d6) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/265-115th-avenue-treasure-island-fl-33706-cfd9537efc3d4e56aa2080014ba2b9d6#listing", "url": "https://www.propertysimple.ai/listing/265-115th-avenue-treasure-island-fl-33706-cfd9537efc3d4e56aa2080014ba2b9d6", "name": "265 115TH Avenue, Treasure Island, FL 33706", "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. 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