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

$1,200,000

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

$600,000

5 Beds ⋅ 4 Baths ⋅ Herrons Sub 5 SubDv. ⋅ 33706 Zip Code

Located in the heart of highly sought-after Sunset Beach, this rare tri-plex opportunity is just a 2-minute walk to the beautiful white sands of Sunset beach and surrounded by the laid-back beach lifestyle that makes Treasure Island so special. Walk to local beachfront restaurants, live music, coffee shops, bars, and entertainment, while enjoying one of the most charming and walkable beach communities on Florida’s Gulf Coast. Previously operated as a highly successful short-term rental property, this unique beach compound consists of three separate units, including a main building with two apartments plus a detached standalone efficiency unit — offering endless possibilities for redevelopment, investment, vacation use, or future income potential. The property sustained flood damage during Hurricane Helene and wind damage during Hurricane Milton and is currently vacant and in disrepair. This is being marketed primarily for its exceptional location, lot value, and redevelopment potential. Renovate and reimagine the existing structures, elevate the property approximately 12 feet to create a future coastal retreat, or start fresh with brand-new construction. Opportunities like this in Sunset Beach are increasingly rare. This location places you minutes from everything beach living has to offer — waterfront dining, boating, fishing charters, dolphin cruises, parasailing, jet ski rentals, beach bars, live entertainment, and nightly sunsets over the Gulf. Whether you envision a luxury beach getaway, income-producing investment property, or a completely new coastal development project, the potential here is truly unmatched. Bring your vision and take advantage of this incredible opportunity to create something special in one of Tampa Bay’s most beloved beach communities. Photos of the exterior were taken prior to the hurricanes. The two exterior images are virtual renderings provided for inspiration only and illustrate one possible redevelopment concept with the structures elevated approximately 12 feet. Renderings are conceptual, not existing conditions, and are subject to local approvals and building requirements.

106 E Bay Drive, Treasure Island

$3,250,000

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

$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

$3,850,000

5 Beds ⋅ 6 Baths ⋅ Paradise Island 2nd Add Pt 3 SubDv. ⋅ 33706 Zip Code

Pre-Construction. To be built. Ask about Seller Financing!! Best Lot on the Island!!!! Experience the pinnacle of waterfront luxury with this extraordinary custom home by Steven Anthony Luxury Homes, ideally situated on the Intracoastal Waterway in Treasure Island, Florida. Deep Water that allows for a Big Boat & just 5 minutes from the Beach! Designed to impress, this west-facing three-story estate captures panoramic water views and breathtaking Gulf sunsets. Offering 4,818 heated square feet, this 5-bedroom, 5.5-bathroom home seamlessly blends modern sophistication with functional comfort. The elegant exterior entrance features a grand staircase and glass double doors, welcoming you into a home defined by sleek architectural lines and refined finishes. The gourmet chef’s kitchen is a showstopper, complete with top-tier appliances, custom wood cabinetry, Quartz countertops, paneled wine cooler, wet bar, and a large center island designed for entertaining. Flowing effortlessly from the kitchen is a formal dining room with waterfront views—ideal for hosting guests in style. The expansive living room boasts a custom fireplace wall, detailed ceiling treatments, and oversized glass sliders opening onto a covered balcony, creating a perfect indoor-outdoor living experience. Outdoor amenities include a full kitchen, firepit, and a stunning pool and spa with a tranquil overflow water feature, all set beneath synergy nickel gap tongue and groove ceilings on every level. Boaters will appreciate the private dock with direct Gulf access, making it easy to enjoy everything the Florida coast has to offer. The primary suite is a luxurious retreat, offering a private waterfront balcony, spa-like bathroom with soaking tub, dual vanities, and an oversized rainfall shower. All additional bedrooms include ensuite baths, ensuring ultimate comfort and privacy for residents and guests alike. Built with elevation in mind, the entire 2,000 sq ft ground floor is dedicated to garage space, providing abundant storage and access to the backyard through dual rear garage doors. This remarkable estate combines the very best in coastal design, location, and craftsmanship, brought to you by Steven Anthony Luxury Homes, the premier name in custom home building across the Bay Area. Located just minutes from downtown St. Pete, fine dining, museums, and year-round entertainment. Renderings are for illustrative purposes only. Final specifications subject to change at builder’s discretion.

10126 Tarpon Drive, 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

$1,690,000

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

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.

11605 1st Street E Unit A2, Treasure Island

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