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$834,900

265 115 Ave

Treasure Island, FL
Active
4
Bedrooms
3,948
Square Feet
0.15
Lot Size (acres)
1959
Year Built
507
Days On Market

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.

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Listing Information

Listing Updated
14 days ago
Listed By
Kristina Gabrielsen, 7134448536 · LPT REALTY, LLC., 8773662213
MLS#
TB8386220
Source
Stellar MLS
Status
Active

Facts & Features

Location

Community Information

Address
265 115 Ave, Treasure Island, FL 33706
City
Treasure Island
County
Pinellas
Neighborhood
ISLE OF PALMS
Zip Code
33706

Architecture

Bedrooms
4
Year Built
1959
Construction Materials
Block
Building Area
3,948 sq. ft.
Foundation
Slab
Roof
Built-Up
Levels
One
Garage Spaces
0
Parking Features
Boat

Features & Amenities

Interior Features
Other
Appliances
Dryer, Dishwasher, Microwave, Refrigerator, Washer
Flooring
Tile
Exterior Features
Awning(s)
Cooling
Central Air
Heating
Central

Property Features

Lot Size
0.15 Acres
View
Water
Water
Public
Sewer
Public Sewer

Square Footage

Total
2,992 sq. ft.

Tax & Financial Information

List Price
$834,900
Annual Taxes
$3,877

Schools

100/100
Pasadena Fundamental Elementary School
Elementary · Grades KG–05 · 2.1 mi
City
St Petersburg
Students
464
Parent reviews
5.0★ avg · 2 reviews
Student body
79% White · 8% Hispanic / Latino · 5% Black
Free/reduced lunch
22%
Phone
(727) 893-2646
77/100
St. Petersburg Collegiate High School
High · Grades 10–12 · 2.5 mi
City
St Petersburg
Students
234
Parent reviews
5.0★ avg · 2 reviews
Student body
55% White · 15% Asian · 12% Hispanic / Latino
Free/reduced lunch
8%
Phone
(727) 341-4610
77/100
Orange Grove Elementary School
Elementary · Grades PK–05 · 3.9 mi
City
Seminole
Students
377
Parent reviews
5.0★ avg · 4 reviews
Student body
71% White · 14% Hispanic / Latino · 9% Two or More Races
Free/reduced lunch
40%
Phone
(727) 547-7845
73/100
Madeira Beach Fundamental K-8
Elementary · Grades KG–08 · 2.6 mi
City
Madeira Beach
Students
1,389
Parent reviews
5.0★ avg · 2 reviews
Student body
82% White · 8% Hispanic / Latino · 4% Asian
Free/reduced lunch
25%
Phone
(727) 547-7697
71/100
Gulf Beaches Elementary Magnet School
Elementary · Grades PK–05 · 2 mi
City
Saint Petersburg
Students
306
Parent reviews
4.5★ avg · 4 reviews
Student body
74% White · 14% Hispanic / Latino · 9% Two or More Races
Free/reduced lunch
31%
Phone
(727) 893-2630
65/100
Azalea Middle School
Middle · Grades 06–08 · 2 mi
City
St Petersburg
Students
1,014
Parent reviews
3.6★ avg · 10 reviews
Student body
46% Black · 34% White · 12% Hispanic / Latino
Free/reduced lunch
74%
Phone
(727) 893-2606
63/100
Bear Creek Elementary School
Elementary · Grades PK–05 · 3.4 mi
City
St Petersburg
Students
271
Parent reviews
3.7★ avg · 3 reviews
Student body
55% Black · 26% White · 11% Hispanic / Latino
Free/reduced lunch
82%
Phone
(727) 893-2332
59/100
Seventy-Fourth St. Elementary
Elementary · Grades PK–05 · 3 mi
City
St Petersburg
Students
566
Parent reviews
3.0★ avg · 2 reviews
Student body
53% White · 22% Hispanic / Latino · 13% Black
Free/reduced lunch
74%
Phone
(727) 893-2120

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
08/01/2026Price change$834,900
05/14/2025Listed for sale$699,000

Listed by Kristina Gabrielsen · LPT REALTY, LLC. · 8773662213

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Stellar MLS. All rights reserved.

Last Updated: September 18, 2026 at 11:18 PM | Source: Stellar MLS | MLS#: TB8386220

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