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$785,000 - 265 115th Avenue, TREASURE ISLAND

4
Bedrooms
2
Baths
2,992
SQ. Feet
0.15
Acres

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.

Essential Information

  • MLS® #:
    TB8386220
  • Price:
    $785,000
  • Bedrooms:
    4
  • Bathrooms:
    2.00
  • Square Footage:
    2,992
  • Acres:
    0.15
  • Year Built:
    1959
  • Type:
    Residential Income
  • Sub-Type:
    Duplex
  • Status:
    Active

Community Information

  • Address:
    265 115th Avenue
  • Area:
    Pass a Grille Bch/St Pete Bch/Treasure Isl
  • Subdivision:
    ISLE OF PALMS
  • City:
    TREASURE ISLAND
  • County:
    Pinellas
  • State:
    FL
  • Zip Code:
    33706

Amenities

  • Parking:
    Boat
  • View:
    Water

Interior

  • Interior Features:
    Other
  • Appliances:
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Heating:
    Central
  • Cooling:
    Central Air

Exterior

  • Exterior Features:
    Awning(s)
  • Roof:
    Built-Up
  • Foundation:
    Slab

School Information

  • Elementary:
    Azalea Elementary-PN
  • Middle:
    Azalea Middle-PN
  • High:
    Boca Ciega High-PN

Additional Information

  • Days on Market:
    260

Listing Details

  • Listing Office:
    Lpt Realty, Llc.

Listing information courtesy of Lpt Realty, Llc..

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Listing data comes from My Florida Regional MLS.

Listing information last updated on February 16th, 2026 at 6:03pm EST.