Under contractNew construction

11605 1ST St E B1, Treasure Island, FL 33706

Beds
5
Baths
4
Sqft
2,811
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCENTURY 21 BEGGINS
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Overview

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.

Location

Full feature list

Basic info

Property type
Condo/Co-op
Number of stories
3
Number of bedrooms
5
Number of bathrooms
4
Square feet
2,811
Lot size (acres)
0.22
Year built
2026

Interior features

Laundry
Other

Exterior features

New construction
Yes
Water view
Yes

Garage and parking

Garage parking spaces
3

Utilities

Heating
Electric, Central
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2022)
$7,040

Public schools

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Sourced from: Stellar MLS MLS®#: U8225803 Last checked:

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