11605 1st Street E #B1, Treasure Island, FL 33706
Local realty services provided by:Better Homes and Gardens Real Estate Synergy
Listed by: jeffrey beggins, paris faughn
Office: century 21 beggins
MLS#:U8225803
Source:MFRMLS
Price summary
- Price:$1,750,000
- Price per sq. ft.:$561.8
About this home
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, Private Elevator in unit, 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. 3rd party cost segregation tax benefit estimate of $245,000 that the buyer may be able to reduce their taxable income by… buyer to confirm with their tax advisor. 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.
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Home facts
- Year built:2024
- Listing ID #:U8225803
- Added:56 day(s) ago
- Updated:December 19, 2025 at 12:48 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,811 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
Structure and exterior
- Roof:Concrete
- Year built:2024
- Building area:2,811 sq. ft.
- Lot area:0.22 Acres
Schools
- High school:Boca Ciega High-PN
- Middle school:Azalea Middle-PN
- Elementary school:Azalea Elementary-PN
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,750,000
- Price per sq. ft.:$561.8
- Tax amount:$7,040 (2022)
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