$785,000

$262/sq ft

$86,000
Price Increased

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Overview

Bedroom

4

Year Built

1959

Sqft

2992

Property Type

Duplex

Property 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.

Property Details

MLS#

TB8386220

Address

265 115TH

City

TREASURE ISLAND

State/county

FL

Zip/Postal Code

33706

Area

Isle Of Palms

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,877

Maint Fee

$--

Tax Year

2024

Dishwasher

Dryer

Microwave

Refrigerator

Washer

Water

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Boris Gelfand