540 115th Ave, Treasure Island, FL 33706

Waterfront Opportunity on Treasure Island! Discover the potential of this spacious, open-concept home situated on an extra-wide canal with breathtaking big water views. Enjoy direct, easy access to the Intracoastal Waterway and the Gulf of Mexico, with no fixed bridges—a true boater’s paradise. While the home experienced flooding during Hurricane Helene, it has been remediated and is priced at land value, offering multiple excellent options. The property is not substantially damaged and can be renovated per FEMA’s 50% Rule, lifted, or cleared for a custom new build. The prime waterfront location and unparalleled views set this home apart from others on the island. Beyond your backyard, enjoy the charm of Treasure Island’s vibrant coastal community. Take a short stroll to the island’s expansive beaches, home to Sanding Ovations, an international sand sculpting competition held every fall. From free concerts in the park to kite competitions, locally-owned seafood restaurants, and live music at waterfront bars, there’s always something happening. Or, simply unwind on your private dock, taking in stunning sunsets over the water. Don’t miss this rare opportunity to create your dream waterfront retreat!