Treasure Island, FL Real Estate | Treasure Island, FL 5 Bedroom Homes for Sale

5 Beds ⋅ 3 Baths ⋅ Coney Island SubDv. ⋅ 33706 Zip Code

Own one of Treasure Island's rarest beachfront compounds. Featuring The Pink Flamingo and The Blue Dolphin—two fully renovated Gulf-front homes generating nearly $300,000 in annual gross rental income—this turnkey legacy property offers the perfect blend of luxury living, proven cash flow, and irreplaceable direct beach frontage. Celebrated for their distinctive 1950s retro coastal theme, The Pink Flamingo and The Blue Dolphin have become iconic beachfront destinations, where vintage Old Florida charm meets modern comfort. Every detail has been thoughtfully designed to capture the nostalgia of a bygone era while providing today's guests with the quality and amenities they expect. The result is a truly memorable experience that has earned nothing but 5-star reviews and a loyal base of repeat visitors who return year after year. Behind the timeless aesthetic lies a property that has been meticulously updated for peace of mind and long-term value. Both homes feature impact-rated windows and doors, combining enhanced storm protection with energy efficiency, quiet interiors, and abundant natural light—all while preserving their unique character and curb appeal. With an established rental business, proven financial performance, and nearly $300,000 in annual gross revenue, you'll step into immediate cash flow while enjoying the flexibility to use the property however you choose. Live in one home and rent the other, continue operating both as premier vacation rentals, or create the ultimate multi-generational beachfront retreat for family and friends. The Pink Flamingo offers spacious accommodations, vibrant retro-inspired décor, and breathtaking Gulf views that make every stay unforgettable. Just steps away, The Blue Dolphin complements the experience with its own distinctive personality and inviting atmosphere, creating the perfect pairing for larger groups, extended families, or dual rental opportunities. Together, they form a one-of-a-kind beachfront compound that simply cannot be replicated. Step outside and the Gulf of Mexico becomes your backyard. Spend your mornings with coffee overlooking the water, your afternoons with your toes in the sugar-white sand, and your evenings watching spectacular sunsets from your private beachfront oasis. It's the quintessential Florida lifestyle that guests rave about and one that few properties can truly offer. For investors, the value extends well beyond the real estate itself. You're acquiring an established hospitality business with a proven operating history, exceptional guest satisfaction, and a recognizable identity that sets it apart in a competitive market. The combination of all 5-star ratings, repeat clientele, and turnkey operations provides a solid foundation for continued success from day one. Perfectly situated in the heart of Treasure Island, you're just minutes from waterfront dining, shopping, boating, entertainment, and John's Pass while still enjoying the privacy and tranquility of direct beachfront living. Properties offering two separate Gulf-front homes, a proven six-figure income stream, distinctive branding, modern upgrades, and an irreplaceable location are extraordinarily rare. The Pink Flamingo and The Blue Dolphin are more than vacation rentals—they are beloved destinations that blend nostalgia, luxury, and investment potential into one unforgettable opportunity. Note - There is also a second lot included that is in front of the lot with the houses.

12609 Sunshine Lane, Treasure Island

$5,750,000

5 Beds ⋅ 7 Baths ⋅ Paradise Island 1st Add SubDv. ⋅ 33706 Zip Code

Paradise Island in Treasure Island. This stunning custom waterfront estate was just completed in 2026 by renowned Aventis Builders. It sits on a premier west facing lot with 84ft. of waterfront by 152ft. deep allowing for an over abundance of outdoor living space! The home has five bedrooms all with en-suite bathrooms, two half baths, an office and bonus room both with dedicated balconies, a four car plus garage, an in-ground heated pool and spa, and 4,660sq.ft. of refined living space and nearly 8,750 square feet under roof. This architectural showpiece has three levels of all block construction, PGT Aluminum Clad Premium Hurricane Impact-resistant windows and doors throughout and a stucco finish with Cultured Stone, Hardy Lap siding and metal canopy accents. Multiple balconies on every level offering breathtaking waterfront views and endless sunsets! Exquisite gourmet kitchen with custom Matte Black cabinetry, Quartz countertops, all ZLine appliances including an eight burner gas stove, French door refrigerator/freezer, 44 bottle under-counter Wine cooler, a cafe microwave drawer, and a hidden Butler’s pantry. The two story Great room has a recessed ceiling with large chandelier along with a 57” Linear Fireplace with multiple color schemes. There is an outdoor kitchen on the balcony off of the kitchen/dining area with a refrigerator, sink, grille, exhaust hood, and granite countertop/backsplash. The spacious primary bedroom has a private balcony and an oversized walk in closet. The primary bathroom has custom Matte Black cabinetry, quartz countertops, a soaker tub, and large double shower with lighted Niche. The laundry room has two sets of steam washers and dryers. Beautiful pebble tech pool with sun shelf, and in-ground spa all surrounded by Modular modern pavers. Large covered lanai by pool with ceiling fans ideal for entertaining. Other features include: Three story staircase with oak treads/landings and powder coated railings, White matte Large-Format tile throughout, elevator with telephone and emergency alarm, 500 gallon LP tank, In-wall pest defense system, pre-wired for speakers, cameras, alarm system and future generator, two 4-ton Trane A/C systems on a hidden mechanical deck with easy access, new dock and pilings with Poly decking, two tankless hot water heaters, all Pentair pool equipment, Vinyl fencing, landscape lighting, water and electric stubbed out to seawall, and so much more! Excellent overall location is only minutes to the Gulf Beaches, fine dining, shopping, I-275 and vibrant downtown St. Petersburg. For the boating enthusiast only minutes to the Gulf passes. This coastal contemporary masterpiece must be seen in person to appreciate the quality and workmanship throughout.

43 Dolphin Drive, Treasure Island

$1,095,000

5 Beds ⋅ 3 Baths ⋅ Coney Island SubDv. ⋅ 33706 Zip Code

5-bedroom, 3-bath luxury coastal residence located less than 800 feet from Treasure Island beach, offering an elevated blend of personal retreat and income-producing potential. Refined, light-filled living and dining spaces create a sophisticated setting for entertaining, anchored by a well-appointed kitchen with generous storage and prep areas. The bedroom configuration is designed for comfort and privacy, featuring a serene primary suite complemented by spacious guest rooms to accommodate families and larger groups. Thoughtfully curated outdoor areas capture the coastal lifestyle, with inviting spaces to lounge, dine, and unwind after a day on the sand. With its scale, polished finishes, and premier proximity to the shoreline, this property functions equally well as an upscale primary residence, luxury vacation home, or high-performing short-term rental. Currently operating as a very profitable income-producing short-term rental.

12201 Gulf Boulevard, Treasure Island

$4,999,000

5 Beds ⋅ 6 Baths ⋅ Isle Of Palms 2nd Add SubDv. ⋅ 33706 Zip Code

Pre-Construction. To be built. Deep Water Gulf Access | Luxury Waterfront Living Prime Treasure Island waterfront location in highly sought-after “Mansion Row” Deep, protected water ideal for larger vessels ~10-minute idle-speed access to John’s Pass and the open Gulf Boating Features: Recently constructed seawall, dock, and 16,000 lb boat lift 46 ft dock with true usability for larger boats Bridge access: Treasure Island Bridge (~21–22 ft clearance at typical tides) John’s Pass Bridge (~27 ft clearance at MHW) Property Highlights: Resort-style pool and fully equipped outdoor kitchen 4+ car garage with additional oversized storage space Pre-construction opportunity with interior designer included Why It Stands Out: New seawall, dock, and lift already completed (no deferred costs) Strong boating access with minimal idle time to Gulf Rare combination of luxury new construction + premium marine infrastructure A unique opportunity to build a custom waterfront estate with immediate boating capabilities already in place.

11245 9th Street E, Treasure Island

$7,740,000

5 Beds ⋅ 7 Baths ⋅ Sawyer & Harrells 2nd Add SubDv. ⋅ 33706 Zip Code

9600 Gulf Blvd | The House of Lights 5 Beds | 7 Baths | Rooftop Infinity Pool | 4-Car Garage | 5,198 Sq Ft Living | Smart Home Florida beachfront living begins here. 9600 Gulf Blvd is a custom-built 2025 modern coastal home located in the heart of Treasure Island. This 5-bedroom, 7-bath home offers over 5,198 square feet of living space and is constructed entirely of concrete—including post-tension concrete floors on every level and a full concrete roof. Built on a deep piling foundation extending up to 45 feet into the ground, the home offers structural integrity rarely seen in residential construction. The main living floor is elevated 18 feet above sea level. Premium closed-cell and spray foam insulation ensure high efficiency, and a 32kW Generac whole-home generator adds peace of mind. Behind a private gate, the ground level includes a spacious air-conditioned garage that fits 3 or more cars and features three Tesla chargers. A covered lounge area with an outdoor shower makes it easy to rinse off after a beach walk. Inside, the main level features a wall of glass, open living and dining areas, and a chef’s kitchen with gas appliances, double ovens, pot filler, espresso machine, wine fridge, custom backsplash, and oversized butler’s pantry with a secondary fridge. A guest suite with walk-in closet and full bath, plus a powder bath, complete this level. The third floor includes a second living room, two additional private suites, another guest bedroom, and the spacious primary suite with dual custom closets, balcony access, and a spa-style bathroom with a large dual rain head shower. The fourth-floor rooftop includes a stainless steel and acrylic infinity-edge pool, expansive lounge areas, a full outdoor kitchen, and a flexible indoor room perfect for a media setup, gym, or entertaining. There’s also a private office or optional sixth bedroom. Additional features include a glass elevator, seamless fire-rated interior doors, a smart home server system, and full gas appliances. With no HOA and no CDD, this home offers rare flexibility on Florida’s Gulf Coast—just minutes from dining, shopping, and major access routes

9600 W Gulf Boulevard, Treasure Island

11605 1st Street E Unit A2, Treasure Island

$1,690,000

5 Beds ⋅ 4 Baths ⋅ Treasure Island City Of SubDv. ⋅ 33706 Zip Code

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.

11605 1st Street E Unit A2, Treasure Island

10126 Gulf Boulevard Unit PH3, Treasure Island

$4,750,000

5 Beds ⋅ 5 Baths ⋅ Pearl SubDv. ⋅ 33706 Zip Code

One or more photo(s) has been virtually staged. Pre-Construction. To be built. Pre-Construction. Coming in 2026. Brilliantly conceived and painstakingly-designed to precision extravagance and detail. Discover the pinnacle of luxury beachfront living through this astonishing 5 bedroom, 5 bath penthouse estate residence. Sumptuous coastal cosmopolitan themes blend seamlessly with the powder-soft white sands of Treasure Island and the azure blue waters of the Gulf of Mexico. Richly integrated materials, gorgeous contours with maximum complementary focus on the beach/Gulf, and stunning minimalist concepts deliver an unforgettable and uniquely beautiful waterfront living experience. Step inside to a spectacular great room plan with a dazzling 9ft full-height, 25ft-wide wall of glass that completely opens to a remarkable 64ft-wide (928sqft total) covered, oceanfront balcony. Balcony provides highly-flexible seating, dining and entertainment configurations while promising magnificent, unobstructed panoramic views of the Gulf, day and night. The posh gourmet kitchen, with a design and motif perfectly balanced for everyday living, feels like a contemporary work of art. Cove/Subzero/Wolf appliances, hidden butler’s pantry, waterfall counters and lavish cabinetry supply symmetry, form and function - to any chef’s great culinary delight. Not to be outdone, the elegant glass wine room enclosure is a place of pride and satisfaction, if not perhaps, just a little temptation. Opening to the balcony, the owner’s suite assures commanding views of the beach & Gulf. Awaken to an owner’s bath that is an indulging, pampering retreat with exquisite custom tilework, large dual vanities, frameless glass rain shower enclosure and rich soaking tub. All bedrooms are en suite with fine walk-in closets & lushly-appointed baths. You will appreciate the oversized laundry, tankless hot water heating, custom tray/designer wood ceilings, radiant lighting and full-height fold-away sliding glass doors and a penthouse that comprises the entire floor! Property features key fob elevator access, three deeded interior parking spaces, guest parking, dedicated dog run, outdoor heated pool & spa, and common patio fire pit space. There are beachfront condominiums and there are beachfront homes, but there is only one “Pearl.” A place where elegance is reimagined. The Pearl, the most iconic beachfront penthouse in all of Tampa Bay. Within short walking distance of dining/shopping/entertainment, and an easy drive to downtown St. Petersburg and Tampa International Airport.

10126 Gulf Boulevard Unit PH3, Treasure Island

10126 Gulf Boulevard Unit PH2, Treasure Island

$4,500,000

5 Beds ⋅ 5 Baths ⋅ Pearl SubDv. ⋅ 33706 Zip Code

One or more photo(s) has been virtually staged. Pre-Construction. To be built. Pre-Construction. Coming in 2026. Brilliantly conceived and painstakingly-designed to precision extravagance and detail. Discover the pinnacle of luxury beachfront living through this astonishing 5 bedroom, 5 bath penthouse estate residence. Sumptuous coastal cosmopolitan themes blend seamlessly with the powder-soft white sands of Treasure Island and the azure blue waters of the Gulf of Mexico. Richly integrated materials, gorgeous contours with maximum complementary focus on the beach/Gulf, and stunning minimalist concepts deliver an unforgettable and uniquely beautiful waterfront living experience. Step inside to a spectacular great room plan with a dazzling 9ft full-height, 25ft-wide wall of glass that completely opens to a remarkable 64ft-wide (928sqft total) covered, oceanfront balcony. Balcony provides highly-flexible seating, dining and entertainment configurations while promising magnificent, unobstructed panoramic views of the Gulf, day and night. The posh gourmet kitchen, with a design and motif perfectly balanced for everyday living, feels like a contemporary work of art. Cove/Subzero/Wolf appliances, hidden butler’s pantry, waterfall counters and lavish cabinetry supply symmetry, form and function - to any chef’s great culinary delight. Not to be outdone, the elegant glass wine room enclosure is a place of pride and satisfaction, if not perhaps, just a little temptation. Opening to the balcony, the owner’s suite assures commanding views of the beach & Gulf. Awaken to an owner’s bath that is an indulging, pampering retreat with exquisite custom tilework, large dual vanities, frameless glass rain shower enclosure and rich soaking tub. All bedrooms are en suite with fine walk-in closets & lushly-appointed baths. You will appreciate the oversized laundry, tankless hot water heating, custom tray/designer wood ceilings, radiant lighting and full-height fold-away sliding glass doors and a penthouse that comprises the entire floor! Property features key fob elevator access, three deeded interior parking spaces, guest parking, dedicated dog run, outdoor heated pool & spa, and common patio fire pit space. There are beachfront condominiums and there are beachfront homes, but there is only one “Pearl.” A place where elegance is reimagined. The Pearl, the most iconic beachfront penthouse in all of Tampa Bay. Within short walking distance of dining/shopping/entertainment, and an easy drive to downtown St. Petersburg and Tampa International Airport.

10126 Gulf Boulevard Unit PH2, Treasure Island

10126 Gulf Boulevard Unit PH1, Treasure Island

$3,999,000

5 Beds ⋅ 5 Baths ⋅ Pearl SubDv. ⋅ 33706 Zip Code

One or more photo(s) has been virtually staged. Pre-Construction. To be built. Pre-Construction. Coming in 2026. Brilliantly conceived and painstakingly-designed to precision extravagance and detail. Discover the pinnacle of luxury beachfront living through this astonishing 5 bedroom, 5 bath penthouse estate residence. Sumptuous coastal cosmopolitan themes blend seamlessly with the powder-soft white sands of Treasure Island and the azure blue waters of the Gulf of Mexico. Richly integrated materials, gorgeous contours with maximum complementary focus on the beach/Gulf, and stunning minimalist concepts deliver an unforgettable and uniquely beautiful waterfront living experience. Step inside to a spectacular great room plan with a dazzling 9ft full-height, 25ft-wide wall of glass that completely opens to a remarkable 64ft-wide (928sqft total) covered, oceanfront balcony. Balcony provides highly-flexible seating, dining and entertainment configurations while promising magnificent, unobstructed panoramic views of the Gulf, day and night. The posh gourmet kitchen, with a design and motif perfectly balanced for everyday living, feels like a contemporary work of art. Cove/Subzero/Wolf appliances, hidden butler’s pantry, waterfall counters and lavish cabinetry supply symmetry, form and function - to any chef’s great culinary delight. Not to be outdone, the elegant glass wine room enclosure is a place of pride and satisfaction, if not perhaps, just a little temptation. Opening to the balcony, the owner’s suite assures commanding views of the beach & Gulf. Awaken to an owner’s bath that is an indulging, pampering retreat with exquisite custom tilework, large dual vanities, frameless glass rain shower enclosure and rich soaking tub. All bedrooms are en suite with fine walk-in closets & lushly-appointed baths. You will appreciate the oversized laundry, tankless hot water heating, custom tray/designer wood ceilings, radiant lighting and full-height fold-away sliding glass doors and a penthouse that comprises the entire floor! Property features key fob elevator access, three deeded interior parking spaces, guest parking, dedicated dog run, outdoor heated pool & spa, and common patio fire pit space. There are beachfront condominiums and there are beachfront homes, but there is only one “Pearl.” A place where elegance is reimagined. The Pearl, the most iconic beachfront penthouse in all of Tampa Bay. Within short walking distance of dining/shopping/entertainment, and an easy drive to downtown St. Petersburg and Tampa International Airport.

10126 Gulf Boulevard Unit PH1, Treasure Island

11605 1st Street E Unit B3, Treasure Island

$1,695,000

5 Beds ⋅ 4 Baths ⋅ Treasure Island City Of SubDv. ⋅ 33706 Zip Code

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.

11605 1st Street E Unit B3, Treasure Island

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