Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

265 115TH AVENUE

Multi-family For Sale
$785,000

BTC: 12.34276730

ETH: 412.58461927

+$86K (2025/09/16)
444 days
4 bds
2,992 sqft

Overview

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.

Location

Details

Type:
Residential Income
Parking:
Boat
Year Built:
1959
Lot:
0.15 Acres
Heating:
Central
Price/sqft:
$262
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$785,000
$659K – $1.4M
Confidence Low
List vs. estimate
At estimate
List $785,000 · +0.0%
List is in line with recent comparable activity.
Price per sq ft
$262
-43.6% vs. city median $465
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,877
2024
View
Water
Pets
Allowed
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Parking

    • Boat

    Property

    • Levels: One

    • Exterior Features: Awning(s)

    Lot

    • Lot: 0.15 Acres

    Other Property Information

    • Parcel Number: 233115434700010040

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $3,877

  • Source details

    • MLS ID: TB8386220

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Living Area: 2992

    • Water Source: Public

    • 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.

More like this

New
For Sale
$599,900
Condo/Co-op
3 bds · 2 ba · 1,300 sqft
CORAL POINTE, ST PETE BEACH
8001 SAILBOAT KEY BOULEVARD S UNIT 201
New
For Sale
$625,000
House
3 bds · 2 ba · 1,595 sqft
JUNGLE TERRACE, ST PETERSBURG
8161 22ND AVENUE N
For Sale
$639,000
2 bds · 2 ba · 950 sqft
PALMS OF TREASURE ISLAND CONDO, TREASURE ISLAND
10315 GULF BOULEVARD UNIT 409
For Sale
$574,000
House
3 bds · 2 ba · 1,396 sqft
ST PETERSBURG BEACH NORTH UNIT 4, ST PETE BEACH
490 82ND AVENUE
For Sale
$919,000
House
3 bds · 2 ba · 2,936 sqft
TYRONE, ST PETERSBURG
3819 71ST STREET N
For Sale
$788,800
Townhouse
3 bds · 2 ba · 2,223 sqft
MADEIRA BAY TWNHMS CONDO, MADEIRA BEACH
116 131ST AVENUE E UNIT F
For Sale
$649,000
2 bds · 2 ba · 870 sqft
SUNSET VISTAS CONDO HOTEL ON THE GULF, TREASURE ISLAND
12000 GULF BOULEVARD UNIT 304S
For Sale
$740,000
Townhouse
3 bds · 2 ba · 2,017 sqft
GREVILLA COURT, SOUTH PASADENA
7010 GREVILLA AVENUE S

Market around this address

Live counts in the same area.
View all

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: LPT REALTY, LLC.