Overview
Description
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.
Virtual Tour
Address
- Street265 115TH
- CityTreasure Island
- SubdivisionISLE OF PALMS
- CountyPinellas
- StateFL
- Zip33706
- MLS #TB8386220
Interior
- AppliancesDishwasher, Dryer, Microwave, Refrigerator, Washer
- Bathrooms Total Integer2
- Bedrooms Total4
- CoolingCentral Air
- CoolingYes
- FlooringTile
- FurnishedUnfurnished
- HeatingCentral
- HeatingYes
- Interior FeaturesOther
- Laundry FeaturesLaundry Room
- LevelsOne
- Living Area2,992
- Living Area SourcePublic Records
- Living Area UnitsSquare Feet
Exterior
Structure
- Building Area Total3,948
- Construction MaterialsBlock
- Foundation DetailsSlab
- Number Of Buildings1
- Number Of Units Total2
- Property AttachedYes
- Property ConditionFixer
- Year Built1959
Financial
- Parcel Number233115434700010040
- Pets AllowedCats OK, Dogs OK, Yes
- Tax Annual Amount3,877
- Tax BlockA
- Tax Book Number7-52
- Tax Legal DescriptionISLE OF PALMS BLK A, LOT 4
- Tax Lot4
- Tax Year2024
Features & Amenities
Meet your agent

Lori Hopkins
Listing Agent
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