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$800,000

For Sale - Active
11465 7th St E, Treasure Island, FL 33706
2 Beds
2 Baths
1,385 Square Feet
0.30 Acres Lot
Built in 1970
For Sale - Active
1 Units
Checked: 2 hours ago
Updated: Sep 05, 2025 at 10:13AM

Investment Summary


Monthly Cash Flow
-$1,911
Cap Rate
3.3%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.1%

Property Description


0.30 Acres Lot
Built in 1970
For Sale - Active
1 Units

Build Your Dream Waterfront Home on Treasure Island’s Isle of Palms Discover an exceptional opportunity to own a prime waterfront property in the heart of Treasure Island on the desirable Isle of Palms. This oversized lot—one of the largest by square footage in the neighborhood—offers a rare chance to create a custom single-family home in one of Florida’s most sought-after coastal communities. Surrounded by tranquil waters and lush tropical scenery, this property is a blank canvas for developers, investors, or anyone looking to design a luxury coastal retreat. Imagine a modern, architect-designed home with expansive living spaces, premium finishes, and seamless indoor-outdoor living that captures breathtaking water views and year-round sunsets. Enjoy the best of Florida waterfront living with easy access to fishing, kayaking, and paddleboarding right from your backyard. Ideally located just minutes from Treasure Island Beach, upscale restaurants, boutique shops, and a vibrant local arts and culture scene, this location also provides quick access to the Intracoastal Waterway, Tampa Bay, and the Gulf of Mexico. Whether you’re building your forever home or a high-end investment property, this lot presents a rare opportunity to bring your vision to life in a peaceful, yet connected, coastal paradise.Secure your slice of Treasure Island waterfront real estate today and begin creating the Florida lifestyle you’ve always dreamed of.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Circular Driveway, Driveway, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 233115435060050480
  • Lot Size: 13085 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1970

Tax Information

  • Annual Tax: $6,042

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Pinellas

Listing Details


Listed by:
Troy Walseth
KELLER WILLIAMS GULF BEACHES
(727) 331-5500

Source:
Stellar MLS
MLS#: TB8392306
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,911
Cap Rate
3.3%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.1%

Purchase Details

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Purchase price:
$800,000
Amount financed:
-$640,000
Down payment:
$160,000
Closing costs:
$24,000
Rehab costs:
$0
Initial cash invested:
$184,000
Square feet:
1,385
Cost per square foot:
$578
Monthly rent per square foot:
$2.82

Financing Details

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Loan amount:
$640,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,098
Property tax:
$504
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,875

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$504-$6,042
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$1,479-$17,742

Cash Flow


Monthly Yearly
Net operating income:
$2,187 $26,244
Mortgage payments:
-$4,098 -$49,176
Cash flow:
-$1,911 -$22,932