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.
For sale
Price increase: $49.9K (8/1)
$834,900
265 115TH AVENUE, TREASURE ISLAND, FL 33706
4beds
2baths
2,992sqft
Duplex, Multi Family
Built in 1959
-- sqft lot
$798,700 Zestimate®
$279/sqft
$-- HOA
What's special
Solid block duplexGenerous lot dimensions
- 117 days
- 239
- 3
Zillow last checked:
Listing updated:
Listed by:
Kristina Gabrielsen 713-444-8536,
LPT REALTY, LLC. 877-366-2213,
Larry Fischer 727-300-6681,
LPT REALTY, LLC.
Source: Stellar MLS,MLS#: TB8386220
Originating MLS: Suncoast Tampa

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Laundry: Laundry Room
Features
- Other
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 3,948
- Total interior livable area: 2,992 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Boat
- Carport spaces: 2
Features
- Levels: One
- Stories: 1
- Exterior features: Awning(s)
- Has view: Yes
- View description: Water, Intracoastal Waterway
- Has water view: Yes
- Water view: Water,Intracoastal Waterway
Lot
- Size: 6,338 Square Feet
Details
- Additional parcels included: 0
- Parcel number: 233115434700010040
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Block
- Foundation: Slab
- Roof: Built-Up
Condition
- Fixer
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: ISLE OF PALMS
HOA
- Has HOA: No
Location
- Region: Treasure Island
Financial & listing details
- Price per square foot: $279/sqft
- Tax assessed value: $350,000
- Annual tax amount: $3,877
- Date on market: 5/14/2025
- Cumulative days on market: 443 days
- Listing terms: Cash,Other
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Asphalt
Estimated market value
$798,700
$759,000 - $839,000
$3,045/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2026 | Price change | $834,900+6.4%$279/sqft |
Source: | ||
| 5/11/2026 | Listed for sale | $785,000$262/sqft |
Source: | ||
| 5/4/2026 | Listing removed | $785,000$262/sqft |
Source: | ||
| 1/7/2026 | Listed for sale | $785,000$262/sqft |
Source: | ||
| 12/30/2025 | Listing removed | $785,000$262/sqft |
Source: | ||
| 12/23/2025 | Pending sale | $785,000$262/sqft |
Source: | ||
| 10/30/2025 | Listed for sale | $785,000$262/sqft |
Source: | ||
| 10/28/2025 | Pending sale | $785,000$262/sqft |
Source: | ||
| 9/16/2025 | Price change | $785,000+12.3%$262/sqft |
Source: | ||
| 5/9/2025 | Listed for sale | $699,000-3.6%$234/sqft |
Source: | ||
| 4/1/2025 | Listing removed | $725,000$242/sqft |
Source: | ||
| 3/26/2025 | Price change | $725,000-7.6%$242/sqft |
Source: | ||
| 3/4/2025 | Listed for sale | $785,000+149.2%$262/sqft |
Source: | ||
| 8/25/2017 | Sold | $315,000-1.3%$105/sqft |
Source: Public Record Report a problem | ||
| 6/23/2017 | Price change | $319,000-3%$107/sqft |
Source: CENTURY 21 Jim White & Associates #U7818244 Report a problem | ||
| 5/8/2017 | Listed for sale | $329,000+18.3%$110/sqft |
Source: CENTURY 21 Jim White & Associates #U7818244 Report a problem | ||
| 8/17/2016 | Sold | $278,000-4.1%$93/sqft |
Source: Public Record Report a problem | ||
| 7/8/2016 | Price change | $289,900-1.4%$97/sqft |
Source: COASTAL PROPERTIES GROUP #U7754289 Report a problem | ||
| 4/16/2016 | Listed for sale | $294,000$98/sqft |
Source: COASTAL PROPERTIES GROUP #U7754289 Report a problem | ||
| 4/2/2016 | Pending sale | $294,000$98/sqft |
Source: COASTAL PROPERTIES GROUP #U7754289 Report a problem | ||
| 3/5/2016 | Price change | $294,000-0.7%$98/sqft |
Source: COASTAL PROPERTIES GROUP #U7754289 Report a problem | ||
| 10/21/2015 | Listed for sale | $296,000+7.4%$99/sqft |
Source: COASTAL PROPERTIES GROUP #U7754289 Report a problem | ||
| 8/21/2014 | Listing removed | $275,500$92/sqft |
Source: RE/MAX METRO #U7705728 Report a problem | ||
| 8/7/2014 | Price change | $275,500+0.4%$92/sqft |
Source: RE/MAX METRO #U7705728 Report a problem | ||
| 5/29/2014 | Listed for sale | $274,500+7.6%$92/sqft |
Source: RE/MAX METRO #U7705728 Report a problem | ||
| 6/30/2004 | Sold | $255,000+50%$85/sqft |
Source: Public Record Report a problem | ||
| 6/25/2002 | Sold | $170,000$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,110 +6% | $289,302 +2.9% |
| 2024 | $3,877 +1.6% | $281,149 +3% |
| 2023 | $3,817 +2.8% | $272,960 +3% |
| 2022 | $3,712 -1.6% | $265,010 +3% |
| 2021 | $3,771 +1.2% | $257,291 +1.4% |
| 2020 | $3,725 +1.7% | $253,739 +2.3% |
| 2019 | $3,663 | $248,034 +1.9% |
| 2018 | $3,663 +2.3% | $243,409 +41.1% |
| 2017 | $3,581 -5.4% | $172,501 -30.8% |
| 2016 | $3,788 +12.4% | $249,271 +22.4% |
| 2015 | $3,370 +15.7% | $203,669 +24.3% |
| 2014 | $2,913 +11.3% | $163,844 +16.3% |
| 2013 | $2,617 +12.9% | $140,859 +13.8% |
| 2012 | $2,318 | $123,763 -10.1% |
| 2011 | -- | $137,631 -0.9% |
| 2010 | -- | $138,881 -22.3% |
| 2009 | -- | $178,686 -14.6% |
| 2008 | $2,999 | $209,200 -19% |
| 2007 | -- | $258,200 +7.7% |
| 2005 | -- | $239,700 +18.7% |
| 2004 | $3,880 +26.9% | $202,000 +27.7% |
| 2003 | $3,058 +55.9% | $158,200 +21.6% |
| 2002 | $1,961 | $130,100 +29.8% |
| 2001 | $1,961 +15.2% | $100,200 +12.2% |
| 2000 | $1,703 | $89,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Isle of Palms
Nearby schools
Schools provided by the listing agent
- Elementary: Azalea Elementary-PN
- Middle: Azalea Middle-PN
- High: Boca Ciega High-PN
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





