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119 125TH AVENUE

Multi-family For Sale
$549,000

BTC: 6.74778761

ETH: 225.74013158

New
0 room(s)
1,264 sqft

Overview

Live the beach lifestyle while enjoying rental income from two additional units! Tucked away on quiet Lagoon Lane in Treasure Island, this fully renovated property offers a fantastic opportunity to own three separate living spaces just steps from everything that makes this coastal community so special. The property features a duplex in the front and a separate studio in the back, offering flexibility for an owner-occupant or investor. Live in one unit while collecting rental income from the other two, or take advantage of the income potential of all three. Both units in the front duplex feature loft spaces, providing ample additional storage. Recent improvements include a metal roof and newly installed mini-split AC systems in the front duplex, plus tankless water heaters in all three units, adding comfort, efficiency, and long-term value. Just one block from Gulf Boulevard, you are approximately a five-minute walk from having your toes in the sand! Take a quick stroll across the John's Pass Bridge for dolphin watching, waterfront dining, shopping, and entertainment, then return home to the peaceful setting of Lagoon Lane. Two units are currently occupied by wonderful tenants, providing an opportunity for immediate rental income. Please respect their privacy and do not disturb occupants.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1946
Lot:
0.09 Acres
Heating:
Wall Units / Window Unit
Price/sqft:
$434
Cooling:
Mini-Split Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$399,900
$270K – $550K
Confidence Low
List vs. estimate
$149K above estimate
List $549,000 · +37.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$434
-12.1% vs. city median $494
Based on
9 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,709
2025
All facts and features
  • Flooring

    • Luxury Vinyl

    Heating

    • Wall Units / Window Unit

    Cooling

    • Mini-Split Unit(s)

    Other interior features

    • Ceiling Fan(s)

  • Property

    • Exterior Features: Private Entrance / Private Mailbox

    Lot

    • Lot: 0.09 Acres

    Other Property Information

    • Parcel Number: 153115177840090080

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • BB/HS Internet Available

    • Electricity Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,710

  • Source details

    • MLS ID: TB8558352

    Other facts

    • Construction Materials: Block

    • Foundation Details: Block / Crawlspace

    • Laundry Features: Laundry Closet

    • Living Area: 1264

    • Water Source: Public

    • Lot Size Dimensions: 38 x 106

    • Subdivision Name: CONEY ISLAND

Private inquiry
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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: HAPPY HOMES PROPERTY MANAGEMEN