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$1,175,000
106 Days Online

11755 1st Street E
Treasure Island, FL 33706

For Sale|Multi-Family|Pending
Subdivision:
Treasure Island City of 2nd Add To
County:
Pinellas, FL

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11755 1st Street E11755 1st Street E11755 1st Street E11755 1st Street E
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INCREDIBLE INCOME PRODUCING POTENTIAL! Unique opportunity to own this TREASURE ISLAND WATERFRONT BEACH DUPLEX with large dock with room for docking 3 boats. SHORT TERM AIR BNB AND VRBO LEASING ABILITY! BUILD YOUR DREAM PROPERTY! PROPERTY ZONING ALLOWS FOR 2 USES: 3 RESIDENTIAL DWELLINGS OR 6 DWELLINGS HOTEL/MOTEL. BOAT SLIP COUNT WILL DEPEND ON USAGE YOU CHOOSE. All changes in zoning will need to be approved by City of Treasure Island Planning and Zoning Board. Outstanding location, shimmering water view and immediate access to the Gulf of Mexico! MAXIMIZE $$ REVENUE with short-term nightly or weekly vacation rentals or with longer-term rentals! This property currently has RFM-30 Zoning (Resort Facilities Medium) that allows for short-term rentals (nightly!) with no restrictions on changes of occupancy meaning there are NO minimum or maximum lengths of time for occupancy. It can be for one day, a few days, weeks, or months. On Treasure Island this is extremely rare! Take advantage of this investment and income opportunity with ideal zoning to boosts to your income potential. Savvy investors can live in one apartment and lease the second apartment short or long term. These 2 units are located on one of the most sought-after beach communities in Pinellas County and on the Gulf Coast, Treasure Island! Panoramic views of the waterway from each unit. Located just 1 block to the sand with miles of the Gulf of Mexico shoreline to wander. 71 feet of of waterfront on the Intracoastal Waterway with easy access to John's Pass. The perfect property for boaters. Surrounded by newly constructed luxury $1M+ townhomes. Lucrative potential for future redevelopment of this parcel. Only a limited number of these waterfront gems remain. This duplex property is set back on a deep lot along the waterfront. Enjoy a relaxing waterfront courtyard surrounded by tropical plants, citrus bushes, and palms. Solid concrete block construction and a tremendous covered front porch entry. Each unit consists of 2 bedrooms, 1 full bath, kitchen, family room/den, back covered patio on the waterfront. Hurricane rated Key West style awning windows installed 2019, island metal roof installed 2015, tankless water heater in north apartment, 2 sizable storage sheds and large dock. Sizable 13,500 LB boat lift was installed 2019. Stroll to local restaurants, shops, and nightlife. Check out the video attached to this listing!

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Listing Snapshot
Price
$1,175,000
Days Online
106 Days
Bedrooms
N/A
Inside Area (SqFt)
1,596 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.22 Acres
Year Built
1952
MLS Number
U8126126
Status
Pending
Property Tax
$5,287
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
Recent Activity
7 hours agoListing updated with changes from the MLS
7 days agoStatus changed to Pending
2 weeks agoStatus changed to Active
2 weeks agoStatus changed to Pending
4 months agoListing first seen online
General Features
Listing Terms
CashConventional
Foundation
Slab
Garage
No
Levels
One
Sewer
Public Sewer
Utilities
Cable AvailableElectricity AvailableSewer ConnectedWater Connected
Water
Public
Annual Net Income
0.0
Interior Features
Furnished
Partially
Appliances
DishwasherDryerMicrowaveRangeRefrigeratorWasher
Cooling
Mini-Split Unit(s)Wall/Window Unit(s)
Heating
Electric
Fireplace
No
Interior
Ceiling Fans(s)
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Exterior Features
Exterior
Awning(s)FencedStorage
Roof
Metal
Pool
No
View
Water
Waterfront
Yes
Waterfront Type
Canal - Saltwater
Water Extras
Dock - CompositeDock - OpenDock - WoodDock w/ElectricLiftSeawall - Concrete
Community Features
Senior Community
No
Listing courtesy of RE/MAX PREFERRED



All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
Data last updated at: 2021-09-23 02:00 AM EDT

Neighborhood & Commute
Source: Walkscore
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