$1,995,000

$520/sq ft

$200,000
Price Decreased

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Overview

Bedroom

5

Bath

3

Year Built

1957

Garage

2

Sqft

3834

Property Type

Single Family Residence

Property Description

Under contract-accepting backup offers. Virtually Staged. This luxurious Mediterranean-custom waterfront residence with over 3,800 sqft of living space offers a unique opportunity to complete a personally curated interior within a structurally sound, architecturally rich coastal home. Perfectly positioned, deep water no Bridges sailboat friendly minutes to the Gulf of Mexico. A premier waterfront setting, the home blends timeless Mediterranean character with exceptional scale and an unmistakable sense of coastal elegance. A dramatic entry with soaring 28-foot ceilings creates a grand arrival and sets the tone for light and openness found throughout the home. Conceptual 3D rendering videos attached, to illustrate one potential design direction and showcase the home’s remarkable possibilities. The home reflects an effective age of 2002 and is noted in county records as being in excellent condition, providing confidence in the integrity of the structure while allowing full creative freedom to complete the interior. Expansive window openings, high ceilings, and an open-concept layout are intentionally created to capture beautiful water views and abundant natural light throughout the living spaces. Brand new custom PGT impact-resistant hurricane windows and doors have been installed throughout, offering durability, energy efficiency, and peace of mind. Custom Framing throughout , Plumbing rough in, 2ed floor HVAC, electrical, all brand new pilings and wrapped, 1 of the 2 compressors already elevated, new pool pump, 2023 roof, newer doc decking with sink and fillet station . The interior remains a refined blank canvas, ready for walls, ceilings, flooring, cabinetry, fixtures, and finishes—supporting a sophisticated, high-end buildout across the residence allowing the home to be finished in alignment with your lifestyle and vision. The primary suite is positioned to become a serene private retreat with peaceful water views, while additional bedrooms are generously proportioned and adaptable for guest suites, home offices, or wellness spaces. Set along a wide, navigable waterway there is seamless access to open waters. The property is ideal for boating and effortless coastal living. New pilings have been installed and wrapped, enhancing the long-term value and enjoyment of the waterfront experience. An offering that unites architectural elegance and creative freedom. This is an exceptional opportunity to create a one-of-a-kind Mediterranean luxury coastal residence in a highly desirable waterfront community. FEMA actual cash value appraisal completed 1.3 million structure alone after depreciation. 49% allowance for repairs $680,000, approved by the county with active permits. (New Construction custom pricing ground up $700 Pr Sf entry level, plus lot cost 1.250M ) estimate only. Window and door, waterproof inspection complete. 3rd party, June 2025l Appraisal available. Flood insurance assumable.

Property Details

MLS#

TB8471245

Garage

2

Total Floor in Bldg

2

Address

11320 6TH

City

TREASURE ISLAND

State/county

FL

Zip/Postal Code

33706

Area

Isle Of Palms 2nd Add

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$12,078

Maint Fee

$--

Tax Year

2024

None

Water

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Boris Gelfand