119 125TH AVENUE
Treasure Island, FL 33706
$549,000
Live the beach lifestyle while enjoying rental income from two additional units! Tucked away on quiet Lagoon Lane in Treasure Island, this fully renovated property offers a fantastic opportunity to own three separate living spaces just steps from everything that makes this coastal community so special. The property features a duplex in the front and a separate studio in the back, offering flexibility for an owner-occupant or investor. Live in one unit while collecting rental income from the other two, or take advantage of the income potential of all three. Both units in the front duplex feature loft spaces, providing ample additional storage. Recent improvements include a metal roof and newly installed mini-split AC systems in the front duplex, plus tankless water heaters in all three units, adding comfort, efficiency, and long-term value. Just one block from Gulf Boulevard, you are approximately a five-minute walk from having your toes in the sand! Take a quick stroll across the John's Pass Bridge for dolphin watching, waterfront dining, shopping, and entertainment, then return home to the peaceful setting of Lagoon Lane. Two units are currently occupied by wonderful tenants, providing an opportunity for immediate rental income. Please respect their privacy and do not disturb occupants.
Listing Courtesy of: HAPPY HOMES PROPERTY MANAGEMEN
727-300-9211
| Listing Id: | TB8558352 |
|---|---|
| List Price: | $549,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Triplex |
| Status: | Active |
| Bathrooms Full: | 3 |
| Living Area: | 1,264 |
| Tax Annual Amount: | $5,710 |
| Lot Size Square Feet: | 3,816 |
| Lot Size Acres: | 0.09 |
| City: | Treasure Island |
| County Or Parish: | Pinellas |
| Subdivision Name: | Coney Island |
| Postal Code: | 33706 |
| Year Built: | 1946 |
| Bathrooms Total Integer: | 3 |
| Building Area Units: | Square Feet |
| Foundation Details: | Block, Crawlspace |
| Construction Materials: | Block |
| Cooling: | Mini-Split Unit(s) |
| Directions: | From Gulf Boulevard in Treasure Island, turn east onto 125th Avenue, approximately two blocks south of John's Pass Bridge. Continue to Lagoon Lane and turn left. The property is located at 119 125th Avenue. |
| Exterior Features: | Private Entrance, Private Mailbox |
| Flooring: | Luxury Vinyl |
| Heating: | Ductless |
| Interior Features: | Ceiling Fans(s) |
| Laundry Features: | Laundry Closet |
| Ownership: | Fee Simple |
| Living Area Source: | Owner |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.09 |
| Lot Size Dimensions: | 38x106 |
| Postal Code Plus4: | 5043 |
| MLS Area Major: | 33706 - Pass A Grille Bch/St Pete Bch/Treasure Isl |
| MLS Area Major: | 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl |
| Original List Price: | $549,000 |
| Other Equipment: | Private Entrance |
| Parcel Number: | 15-31-15-17784-009-0080 |
| Township: | 31 |
| Road Surface Type: | Asphalt |
| Roof: | Membrane, Metal |
| Listing Terms: | Cash, Conventional, FHA, VA Loan |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | BB/HS Internet Available, Electricity Connected, Water Connected |
| Water Source: | Public |
| Public Survey Range: | 15 |
| Public Survey Section: | 15 |
| Additional Rooms: | Loft |
| Alternate Key Folio Num: | 153115177840090080 |
| Annual Net Income: | 58200.00 |
| Calculated List Price By Calcula: | 434.34 |
| Cddyn: | No |
| Flood Zone Code: | AE |
| Flood Zone Date: | 2021-08-24 |
| Flood Zone Panel: | 12103C0194H |
| Green Verification Count: | 0 |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 117.43 |
| Lot Size Square Meters: | 355 |
| Realtor Info: | As-Is, Currently Leased |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Total Num Buildings: | 2 |
| Unit Count: | 3 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 727-300-9211 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2026-10-14 |
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Property Last Updated: October 16, 2026 01:56 AM - ET
