BEDS5
BATHS4 full
SQUARE FEET2,811
MLS#U8225803
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONCAPRI TOWNHOME CONDOMINIUM
Property Description
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, 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.
Property Features
Property Type: Residential - Condominium
Cooling: Central Air
Garage: 3 car attached
Heating: Central, Electric
Lot Size: 0.22 Acres
Roof Type: Concrete
Stories: 3.0
Taxes: $7,040
Year Built: 2026
Amenities
Split Bedroom
Walk-In Closet(s)
Balcony
Sliding Doors
Feature Descriptions
Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Builder: Riker Construction LLC
Community Features: Pool
Condo Fee: $992/ Monthly
Days on Site: 855
Directions: Follow I-275 S to FL-595 N/5th Ave N in St. Petersburg. Take exit 23B from I-275 S, Take 1st Ave N, Central Ave N and Treasure Island Causeway to 1st St E in Treasure Island
Exterior: Block, Cement Siding, Concrete, Metal Frame, Stucco
Flood Zone Code: AE
Flooring: Ceramic Tile, Tile
Foundation: Slab
HOA Fee: 0/ Monthly
HOA Y/N: Yes
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Cleared, Paved
Lot Dimensions: 0.22
Model: Custom
Number of Pets: 2
Ownership: Fee Simple
Parking: Garage Door Opener, Tandem, Basement
Parking Notes: Garage Door Opener, Tandem, Basement
Pets Allowed: Number Limit, Yes
Pets Restrictions: Buyer/Buyer's agent to verify
Property Attached Y/N: No
Property Sub-Type: Condominium
Sewer: Public Sewer
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: 1000
Room Sizes
Kitchen: 14x11
Living Room: 10x18
Primary Bedroom: 19x15
Local Schools
High School: Boca Ciega High-PN
Middle School: Azalea Middle-PN
Elementary School: Azalea Elementary-PN
Listed By / Shown By
Listed By
Agency Name: CENTURY 21 BEGGINS
Agency Contact: 813-658-2121
Shown By
Agent Name: The Shahmardian Group
Agent Phone: (970) 637-7882
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 10,886.09 per month $9,789.00 Principal & Interest $586.67 Property Tax $510.42 Homeowner's InsuranceChange Payment Information
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11605 1st Street E, Unit B1 | MLS# U8225803
This condo located at 11605 1st Street E, Unit B1, Treasure Island, FL 33706 is currently listed for sale with an asking price of $1,750,000. This property was built in 2026 and has 5 bedrooms and 4 full baths with 2811 sq. ft. 1st Street E, Unit B1 is located in the CAPRI TOWNHOME CONDOMINIUM subdivision. Search CAPRI TOWNHOME CONDOMINIUM real estate on www.shahmardian.com today.