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.
Property Features
Bedrooms
- Bedrooms: 5
- Primary Bedroom Dimensions: 19 x 15
- Primary Bedroom Level: Third
Other Rooms
- Total Rooms: 3
- Living Room Dimensions: 10 x 18
- Living Room Level: Second
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Interior Features
- Split Bedroom
- Walk-In Closet(s)
- Flooring: Ceramic Tile, Tile
Appliances
- Dishwasher
- Electric Water Heater
- Microwave
- Range
- Refrigerator
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central, Electric
Kitchen and Dining
- Kitchen Dimensions: 14 x 11
- Kitchen Level: Second
Exterior and Lot Features
- Balcony
- Sliding Doors
- Road Surface Type: Paved
Land Info
- Additional Parcels Description: 23-31-15-91908-008-0010, 0011, 0021
- Additional Parcels: Yes
- Lot Description: Cleared, Paved
- Lot Size Acres: 0.2203857
- Lot Size Dimensions: 120x80
- Lot Size Square Feet: 9600
Garage and Parking
- Attached Garage: Yes
- Garage Spaces: 3
- Parking Features: Garage Door Opener, Tandem, Basement
Homeowners Association
- Association: Yes
- Association Fee Frequency: Monthly
- Association Fee Includes: Pool, Maintenance Structure, Maintenance Grounds
- Calculated Total Monthly Association Fees: 992
- Association Name: Capri Townhomes
- Pets Allowed: Number Limit, Yes
- Pet Description: Pet Restrictions: Buyer/Buyer's agent to verify, Number Of Pets: 2
School Information
- Elementary School: Azalea Elementary-PN
- High School: Boca Ciega High-PN
- Middle School: Azalea Middle-PN
Rental Info
- Lease Term: Minimum Lease: No Minimum
Other Property Info
- Annual Tax Amount: 7040
- Tax Block: H
- Source Listing Status: Active
- County: Pinellas
- 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.
- Tax Year: 2024
- Ownership: Fee Simple
- Source Property Type: Residential
- Area: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
- Property Subtype: townhouse
- Source Neighborhood: TREASURE ISLAND CITY OF
- Parcel Number: 11605 1ST ST E # A-3
- Public Survey Range: 15
- Public Survey Section: 23
- Subdivision: TREASURE ISLAND CITY OF
- Township: 31
- Zoning: 1000
- Property Features: Condo Fees: 992 Monthly
- Property Subtype: Townhouse
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 2634
- Year Built: 2022
- Building Area Source: Builder
- Building Area Total: 2706
- Construction Materials: Block, Cement Siding, Concrete, Metal Frame, Stucco
- Direction Faces: West
- Foundation Details: Slab
- Levels: Three Or More
- Living Area Source: Builder
- Living Area Units: Square Feet
- New Construction: Yes
- Property Age: 3
- Property Condition: Completed
- Roof: Concrete
- Elevator: Yes
Utilities
- Sewer: Public Sewer
- Cable Available
- Electricity Connected
- Phone Available
- Sewer Connected
- Water Connected
- Water Source: Public