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11215 3RD STREET E

Multi-family For Sale
$1,200,000

BTC: 14.90683230

ETH: 452.83018868

37 days
Waterfront
4 bds
2,428 sqft

Overview

Treasure Island Waterfront WITH OWNER FINANCING !!! 3 unit building that can accommodate 2 large vessels, deep water canal with direct access to the Gulf of America, Large Back Owners quarters with 2 good sized bedrooms, updated bath, updated Kitchen with Stainless Appliances and eat in area, Primary bedroom with French doors to large back screened porch with wonderful calming views of the water. Front Unit 2 and Unit 3 are long term tenants. Both units have updated kitchens and flooring. Fresh Sherwin Williams exterior paint. All 3 units are on separate electric panels, owner pays water and sewer. Current owner has previously lived in back unit for 6 years and part time stays there now. Live in the back owners quarters and have rental income from the front 2 units, and keep the sailboat or yacht in your back yard. Rent the back unit out part time and stay when you want. Back owners' quarters is fully furnished and everything stays so all you need is your toothbrush and clothes. Unit 3 upstairs is 650 sq. ft. with large bedroom, great water views from kitchen and living room. Downstair unit 2 is smaller with long term tenant (10 years) who is the eyes and ears of the place. There are 5 or 6 parking spots out front. Across from City Park and 5 minute walk to the Gorgeous Treasure Island Beach!!! Also a short walk to many great restaurants and nightly entertainment. Solid CBS construction Building with updated electric panels, Hurricane shutters, under concrete stairs to unit 3 is plenty of storage, also back yard shed for storage. Roof is 2018. Unit 1 has never central A/C and Units 2 and 3 have newer wall A/C. Solid 50 foot long Dock with water and electric for the boats. This is a very relaxing place to live. Back porch has power for a Hot Tub if desired. Large back paver patio and deck for launching the kayaks, paddle boards or fishing with cutting table. Floating Dock will convey with property ( My Robalo will not, sorry!) My previous 17 foot Robalo fit nicely on the reworked Davits. Owner is Listing Broker and will consider owner financing with 300,000 down, 6.5 interest, 30 year amortization with 7 year ballon payment. Very unique property for Treasure Island with quite the Upside Potential!!!

Location

Details

Type:
Residential Income
Parking:
Off Street / Open
Year Built:
1958
Lot:
0.11 Acres
Heating:
Central / Electric
Price/sqft:
$494
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,149,950
$512K – $2.2M
Confidence Low
List vs. estimate
$50K above estimate
List $1,200,000 · +4.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$494
-2.8% vs. city median $508
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,178
2025
Waterfront
Canal Front, Waterfront
Furnished
Furnished
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Tile

    • Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Ice Maker

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Stone Counters

    • Thermostat

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Parking

    • Off Street

    • Open

    Property

    • Levels: One

    • Exterior Features: Fenced / Hurricane Shutters / Private Entrance / Private Mailbox / Storage

    Lot

    • Lot: 0.11 Acres

    Other Property Information

    • Parcel Number: 233115434700060530

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $10,178

  • Source details

    • MLS ID: TB8543874

    Other facts

    • Construction Materials: Block / Concrete

    • Foundation Details: Slab

    • Laundry Features: Common Area / Electric Dryer Hookup / Washer Hookup

    • Lot Features: Flood Insurance Required

    • Patio And Porch Features: Covered / Deck / Rear Porch / Screened

    • Window Features: Double Pane Windows

    • Other Structures: Shed(s) / Storage

    • Waterfront: Yes

    • Living Area: 2428

    • Water Source: Public

    • Lot Size Dimensions: 48 x 101

    • 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: MUNICH REALTY LLC