Property Description

One or more photo(s) has been virtually staged. NOW COMPLETE WITH CERTIFICATE OF OCCUPANCY IMMINENT! FLOOD-ZONE ELEVATED construction with LUXURY FINISHES. ZONED FOR NIGHTLY + WEEKLY RENTALS VRBO & Airbnb LEGAL. PET-FRIENDLY Two pets allowed, no weight limits. ROOFTOP DECKS with GULF VIEWS, wet bars & hot tub reinforcement Capri Townhomes – The Ultimate Beachside Investment + Lifestyle Opportunity Introducing Capri Townhomes, a boutique enclave of just seven stunning 5-bedroom, 4-bath luxury townhome-style condos, each designed to elevate your coastal living experience. With nearly 2,800 square feet of well-thought-out living space, private rooftop decks, oversized 2+ car garages, and a community pool, this exclusive development truly offers it all – and it’s just steps away from the pristine sands of Treasure Island and iconic John’s Pass Village. Whether you’re seeking a primary residence, a savvy second home, or a short-term rental powerhouse, Capri delivers the rare combination of full flexibility, luxury, and legal rental freedom on the Gulf Beaches. Few properties in this market offer true short-term rental eligibility without restriction, and even fewer with this level of design and quality. Third party projections show annual revenue around $200K. Please check with your accountant about Cost Segregation studies for depreciation. Perfect for 1031 exchanges. Each unit has been crafted with modern coastal living in mind – from remote-work-friendly floor plans to rooftop entertaining spaces that bring the Florida sunset to your doorstep.

Features

Heating System:: Central, Electric
Cooling System:: Central Air
Parking:: Tandem, Garage Door Opener, Basement
Exterior Features:: Balcony, Sliding Doors
Flooring:: Ceramic Tile, Tile
Interior Features:: Walk-In Closet(s), Split Bedroom
Laundry Features:: Other
Sewer:: Public Sewer
Utilities:: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

Appliances

Appliances:: Range, Dishwasher, Refrigerator, Electric Water Heater, Microwave

Address Map

Country:: US
State:: FL
County:: Pinellas
City:: Treasure Island
Subdivision:: TREASURE ISLAND CITY OF
Zipcode:: 33706
Street:: 1ST
Street Number:: 11605
Street Suffix:: STREET
Longitude:: W83° 13' 32.1''
Latitude:: N27° 46' 31.4''
Direction Faces:: West
Directions:: Follow I-275 S to FL-595 N/5th Ave N in St. Petersburg. Take exit 23B from I-275 S, Take 1st Ave N, Central Ave N and Treasure Island Causeway to 1st St E in Treasure Island.
Mls Area Major:: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Street Dir Suffix:: E
Unit Number:: A3
Zoning:: 1000

Neighborhood

Elementary School:: Azalea Elementary-PN
High School:: Boca Ciega High-PN
Middle School:: Azalea Middle-PN

Additional Information

Lot Size Dimensions:: 120x80
Water Source:: Public
Virtual Tour:: https://www.propertypanorama.com/instaview/stellar/TB8405546
On Market Date:: 2025-07-09
Lot Features:: Paved, Cleared
Levels:: Three Or More
Garage:: 3
Foundation Details:: Slab
Construction Materials:: Block, Concrete, Stucco, Metal Frame, Cement Siding
Community Features:: None
Building Size:: 2706
Attached Garage Yn:: 1