11605 1ST ST E #B1, TREASURE ISLAND, FL, 33706
$1,750,000
Residential
|
Bedrooms
5
|
Bathrooms
4
|
Living Area
2,811 Sqft
|
Lot Size
9,600 Sqft
|
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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRU8225803 | Year Built: | 2026 | |
| Appliances: | Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator | Association Fee Includes: | Pool, Maintenance Structure, Maintenance Grounds | |
| Community Features: | Pool | Construction Materials: | Block, Cement Siding, Concrete, Metal Frame, Stucco | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Pinellas | Direction Faces: | West | |
| Exterior Features: | Balcony, Sliding Doors | Flooring: | Ceramic Tile, Tile | |
| Foundation Details: | Slab | Heating: | Central, Electric | |
| Laundry Features: | Other | Levels: | Three Or More | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Lot Features: | Cleared, Paved | Occupant Type: | Vacant | |
| Parking Features: | Garage Door Opener, Tandem, Basement | Pets Allowed: | Number Limit, Yes | |
| Property Condition: | Completed | Property Sub Type: | Condominium | |
| Property Type: | Residential | Road Surface Type: | Paved | |
| Roof: | Concrete | Sewer: | Public Sewer | |
| Showing Requirements: | Call Listing Agent | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected | Water Source: | Public | |
| Rooms | Rooms | |||
|---|---|---|---|---|
| Kitchen: | 14x11 ft | Living Room: | 10x18 ft | |
| Primary Bedroom: | 19x15 ft | |||
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