Waterfront Opportunity on Treasure Island! Discover the potential of this spacious, open-concept home situated on an extra-wide canal with breathtaking big water views. Enjoy direct, easy access to the Intracoastal Waterway and the Gulf of Mexico, with no fixed bridges—a true boater’s paradise. While the home experienced flooding during Hurricane Helene, it has been remediated and is priced at land value, offering multiple excellent options. The property is not substantially damaged and can be renovated per FEMA’s 50% Rule, lifted, or cleared for a custom new build. The prime waterfront location and unparalleled views set this home apart from others on the island. Beyond your backyard, enjoy the charm of Treasure Island’s vibrant coastal community. Take a short stroll to the island’s expansive beaches, home to Sanding Ovations, an international sand sculpting competition held every fall. From free concerts in the park to kite competitions, locally-owned seafood restaurants, and live music at waterfront bars, there’s always something happening. Or, simply unwind on your private dock, taking in stunning sunsets over the water. Don’t miss this rare opportunity to create your dream waterfront retreat!
Sold for $850,000
$850,000
540 115th Ave, Treasure Island, FL 33706
5beds
2,234sqft
Single Family Residence
Built in 1957
7,701 Square Feet Lot
$1,029,300 Zestimate®
$380/sqft
$5,827 Estimated rent
Home value
$1,029,300
$854,000 - $1.24M
$5,827/mo
Zestimate® history
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$5,827/mo
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$5,827/mo
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$5,801/mo
Est. payment
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$5,801/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Barb Adams 727-457-5725,
COASTAL PROPERTIES GROUP 727-493-1555
Bought with:
Larry Manning, 3398140
REAL BROKER, LLC
Source: Stellar MLS,MLS#: TB8365681
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: En Suite Bathroom, Built-in Closet
- Level: First
Bedroom 2
- Features: Built-in Closet
- Level: First
Bedroom 3
- Features: Built-in Closet
- Level: First
Bedroom 4
- Features: Built-in Closet
- Level: First
Primary bathroom
- Level: First
Balcony porch lanai
- Level: First
Florida room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Office
- Features: Built-in Closet
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: None
- Laundry: In Garage
Features
- High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 3,250
- Total interior livable area: 2,234 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Exterior features: Private Mailbox
- Has view: Yes
- View description: Water
- Water view: Water
Lot
- Size: 7,701 Square Feet
- Dimensions: 70 x 110
- Features: FloodZone
Details
- Parcel number: 233115435060010160
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: ISLE OF PALMS 2ND ADD
HOA
- Has HOA: No
Location
- Region: Treasure Island
Financial & listing details
- Price per square foot: $380/sqft
- Tax assessed value: $1,156,921
- Annual tax amount: $5,047
- Date on market: 3/30/2025
- Cumulative days on market: 38 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2025 | Sold | $850,000-5%$380/sqft |
Source:  Stellar MLS #TB8365681 Report a problem | ||
| 5/8/2025 | Pending sale | $895,000$401/sqft |
Source: Stellar MLS #TB8365681 Report a problem | ||
| 4/14/2025 | Price change | $895,000-3.2%$401/sqft |
Source: Stellar MLS #TB8365681 Report a problem | ||
| 3/30/2025 | Listed for sale | $925,000+322.4%$414/sqft |
Source: Stellar MLS #TB8365681 Report a problem | ||
| 5/1/1998 | Sold | $219,000$98/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,047 +1.4% | $353,665 +3% |
| 2023 | $4,975 +2.7% | $343,364 +3% |
| 2022 | $4,844 -1.7% | $333,363 +3% |
| 2021 | $4,928 +1.2% | $323,653 +1.4% |
| 2020 | $4,870 +1.6% | $319,184 +2.3% |
| 2019 | $4,793 | $312,008 +1.9% |
| 2018 | $4,793 +2.2% | $306,190 +2.1% |
| 2017 | $4,689 +1.8% | $299,892 +2.1% |
| 2016 | $4,607 -1.9% | $293,724 +0.7% |
| 2015 | $4,695 +0.4% | $291,682 +0.8% |
| 2014 | $4,675 +0.4% | $289,367 +1.5% |
| 2013 | $4,656 +3% | $285,091 +1.7% |
| 2012 | $4,522 | $280,325 +3% |
| 2011 | -- | $272,160 +1.5% |
| 2010 | -- | $268,138 +2.7% |
| 2009 | -- | $261,089 +15.7% |
| 2008 | $3,289 | $225,700 +3% |
| 2007 | -- | $219,126 -49.4% |
| 2005 | -- | $432,900 +18.9% |
| 2004 | $3,300 +1.5% | $364,100 +16.2% |
| 2003 | $3,251 +3.3% | $313,400 +8.5% |
| 2002 | $3,147 | $288,800 +39.7% |
| 2001 | $3,147 +6.2% | $206,800 +7.6% |
| 2000 | $2,963 | $192,200 |
Find assessor info on the county website
Neighborhood: Isle of Palms
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Nearby schools
GreatSchools rating
- 6/10Azalea Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 3/10Azalea Middle SchoolGrades: 6-8Distance: 1.7 mi
- 4/10Boca Ciega High SchoolGrades: 9-12Distance: 3.7 mi
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Estimated market value
$1,029,300
Get a cash offer in 3 minutes
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Estimated market value
$1,029,300
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