NOT LISTED FOR SALE

11295 3rd St E Treasure Island, FL 33706

1 Bed
1 Bath
2,669 Sq Ft
6,579 Sq Ft Lot

Last Sold May 03, 2022

Last sale price $1,300,000 $487 Per Sq Ft

Highlights

  • 52 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Canal View
  • Boca Ciega High School Rated A-
  • Dock made with wood
  • 4-minute walk to Treasure Island Beach

About This Home

As of May 2022

Turnkey, waterfront multi-family (5-unit) property in the desirable Isle of Palms neighborhood of Treasure Island. One of the widest canals on all the beaches with great, open water views! The property offers 5 clean apartments with tile flooring throughout. Enjoy an easy walk to the local beaches and the neighborhood park. Building offers a 2-bed/1-bath unit with spectacular views, two (2) 1-bed/1-bath units, and two (2) efficiencies (both will remain vacant until property sells). The building could easily be converted to consist of three (3) 2-bed units if desired. Additionally, the property offers a boat/fishing dock (2005), on-site laundry, adequate parking and newer seawall cap (2005). Roof redone in 2017 and most windows/doors are now hurricane impact. All units are individually metered for electric. All existing tenants are month to month. Great value-add property with below market rental rates in place and strategic cosmetic updating. Great investment property or occupy a unit for yourself and let the tenants pay your mortgage. Cash flow and land bank scarce waterfront asset in booming area of Florida = win/win!

Last Agent to Sell the Property

Chris Featherston

ATLAS REALTY GROUP License #3356472 Listed on: 04/28/2022

Last Buyer's Agent

Melissa Stelzle

SMITH & ASSOCIATES REAL ESTATE License #3165508

SMITH & ASSOCIATES REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,268

Year Built

  • Built in 1957

Lot Details

  • 6,579 Sq Ft Lot
  • Lot Dimensions are 52' x 130'
  • 52 Feet of Waterfront
  • Property fronts a saltwater canal
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Slab Foundation
  • Built-Up Roof
  • Concrete Siding

Interior Spaces

  • 2,669 Sq Ft Home
  • Window Treatments
  • Tile Flooring
  • Canal Views
  • Range

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Property is near a marina
  • Access to Saltwater Canal
  • Seawall
  • Dock made with wood
  • Outdoor Storage

Location

  • Flood Zone Lot
  • City Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2,789 Sq Ft Building
  • Isle Of Palms Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 0470 / 006
  • Assessor Parcel Number 23-31-15-43470-006-0470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,268

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 2669
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 1957
  • Building Area Total: 2789
  • Lot Size Sq Ft: 6579
  • Number Of Lots: 1
  • Tenant Pays: Electricity
  • Directions to Property: Isle of Palms Neighborhood in the beach community of Treasure Island. Property is located on the northwest side of 115th Avenue.
  • Status: Sold
  • Street Post Direction: E
  • Unit Count: 3
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 487.07
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 466.12
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Interior Amenities: Window Treatments
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Slab
  • Levels: One
  • Street Number Modifier: 11295
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Sidewalk, Storage
  • Roof: Built-Up
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Paved, Gravel
  • Water View: Canal
  • Water Access: Bay/Harbor, Canal - Saltwater, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Dock - Wood, Fishing Pier, Sailboat Water, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12103C0194H
  • Waterfront Frontage: 52
  • Water Frontage Feet Canal Salt: 52

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Off Street
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Laundry Features: Laundry Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RM-15
  • Parcel Number: 23-31-15-43470-006-0470
  • Additional Parcels: No
  • Lot Features: FloodZone, City Lot, Level, Near Marina, Sidewalk
  • Lot Dimensions: 52' x 130'
  • Flood Zone Code: AE
  • Flood Zone Date: 2021-08-24

Multi Family

  • Number Of Units Total: 5
  • Waterfront Features: Canal - Saltwater

Tax Info

  • Tax Annual Amount: 8268
  • Tax Block: 006
  • Tax Book Number: 43470
  • Tax Lot: 0470

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2022 05/03/22 Sold $1,300,000 0.0% $487 / Sq Ft
04/29/2022 04/29/22 For Sale $1,300,000 -- $487 / Sq Ft
04/28/2022 04/28/22 Pending -- -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8155380

Stellar MLS