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11155 2ND STREET E

Multi-family For Sale
$500,000

BTC: 7.81250000

ETH: 277.77777778

124 days
2 bds
926 sqft

Overview

Income-Producing Treasure Island Duplex | *Walk to Beach*, Parks, Dining & Shops Welcome to **11155 2nd St E, Treasure Island** a charming and versatile coastal duplex perfectly positioned just a short stroll to the sand, local parks, restaurants, and shops, offering the ideal blend of lifestyle and income potential. This flexible property is ideal for both investors and owner-occupants, allowing you to live in one unit and rent the other, or maximize returns by renting both units. Front Unit (2BR/1BA): Bright and inviting with abundant natural light, a cute private deck, and a dedicated laundry closet. A 12-month lease is currently in place for the front unit, providing immediate income and giving a new owner time to find the right tenant, plan a personal move-in, or reposition the property strategically while collecting rent. Rear Unit: Features a private entrance, its own private deck, and a storage shed. The layout is efficient and functional with kitchen appliances and generous closet space, making it perfect for long-term tenancy, seasonal use, or as a mortgage-supplementing rental while the owner occupies the front unit. Location Perks That Drive Demand Residents and tenants alike enjoy proximity to: • Treasure Island Beach Trail, ideal for walking, biking, and enjoying Gulf sunsets • Treasure Island Community Center & Park, offering green space and community amenities • Treasure Bay Golf, Tennis & Pickleball, a premier waterfront recreational hub • John’s Pass Village & Boardwalk, featuring 100+ shops, restaurants, and water activities Property Highlights & Recent Updates • Separate water and electric meters for each unit Circular driveway providing valuable off-street parking Recent capital improvements, including: New roof installed late 2023 • Cement shingle roof section installed in 2021 • Central AC in one unit • Brand-new ductless mini-split system installed in the other unit (2025) • New lower kitchen cabinets and appliances installed in 2025 Additional Notes • Tenant-occupied — Please do not disturb tenants • Showings require 24-48 hour notice • Buyer to verify local short-term rental (STR) regulations • Pre-qualified buyers only, please Whether you’re seeking a smart coastal investment or a lifestyle property with built-in income, this duplex delivers location, flexibility, and classic Treasure Island charm.

Location

Details

Type:
Residential Income
Parking:
Circular Driveway / Driveway / On Street
Year Built:
1956
Lot:
0.07 Acres
Heating:
Central / Heat Pump
Price/sqft:
$540
Cooling:
Central Air / Mini-Split Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$357,400
$279K – $550K
Confidence Low
List vs. estimate
$142K above estimate
List $500,000 · +39.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$539
+12.4% vs. city median $480
Based on
10 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,831
2024
All facts and features
  • Flooring

    • Ceramic Tile

    Heating

    • Central

    • Heat Pump

    Cooling

    • Central Air

    • Mini-Split Unit(s)

    Appliances

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Kitchen/Family Room Combo

    Bedrooms and bathrooms

    • Bedrooms: 2

  • Parking

    • Circular Driveway

    • Driveway

    • On Street

    Property

    • Levels: One

    • Exterior Features: Awning(s) / Fenced / Private Mailbox / Private Yard / Rain Gutters / Storage

    Lot

    • Lot: 0.07 Acres

    Other Property Information

    • Parcel Number: 233115434700040220

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Available

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,832

  • Source details

    • MLS ID: TB8468928

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Laundry Closet / Outside

    • Lot Features: Flood Insurance Required / FloodZone / City Lot / Landscaped / Near Marina / Near Public Transit

    • Patio And Porch Features: Deck

    • Window Features: Aluminum Frames / Blinds / Shades

    • Other Structures: Shed(s)

    • Living Area: 926

    • Water Source: Public

    • Lot Size Dimensions: 50 x 72

    • Subdivision Name: ISLE OF PALMS

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: HOMESCENE REALTY