12620 Lagoon Lane, Treasure Island, FL 33706
- $999,000
- List Price
- $999,000
- Status
- Active
- Days on Market
- 157
- MLS#
- TB8492350
- Lot Size
- 11,448
- Acres
- 0.26
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Coney Island
- MLS Area Major
- Pass a Grille Bch/St Pete Bch/Treasure Isl
Property Description
This is a land-focused investment opportunity in a prime boating location on Treasure Island. The existing structure is a tear-down. The value is in the 46' x 100' parcel, waterfront position, and development potential. Zoned RM-15, the property allows for a personal luxury residence or potential multifamily development, including duplex, triplex, or quadplex uses, subject to applicable regulations, site requirements, and approvals. This zoning provides investors and developers with multiple options for maximizing the property’s potential, whether building a single luxury residence, multiple units, or an income-producing property. The property includes 50 feet of deeded deep water beyond the dock, providing direct control of the waterfront area. The dock was repaired following the 2024 storms and includes a 10,000 lb boat lift. Located just off John’s Pass, the property offers protected water and quick access to the Gulf. Public water and sewer are in place, and the existing structure has 200 amp electrical service. The property is on a quiet street set back from Gulf Blvd while remaining close to the beach, John’s Pass, restaurants, and other area amenities. For an investor or developer, the combination of RM-15 zoning, multifamily development potential, a 46' x 100' parcel, deeded deep-water access, protected boating water, and proximity to John’s Pass makes this a property worth evaluating for its redevelopment potential. All development plans and uses are subject to verification with the appropriate municipal authorities.
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Additional Information
- Taxes
- $4968
- Location
- Buildable
- Community Features
- No Deed Restriction
- Utilities
- Electricity Available, Public
- Pool
- No Pool
- Water Extras
- Lift
- Water View
- Intracoastal Waterway
- Water Access
- Intracoastal Waterway
- Water Frontage
- Intracoastal Waterway
- Flood Zone Code
- AE
- Parcel ID
- 15-31-15-17784-005-0110
- Legal Description
- CONEY ISLAND BLK 5, LOT 11 & PT OF LOT 12 DESC BEG W'LY COR OF LOT 12 TH S41D41'E 4.7FT TH N49D43'04"E 101.45FT TH CUR LT RAD 4712FT ARC 1.16FT CB N42D23'W 1.16FT TH S51D43'W 101.58FT TO POB & W 1/2 OF VAC LAGOON DR ADJ ON E & WATER LOTS 3 THRU 6 & E 1/2 OF VAC LAGOON DR ADJ ON W
Listing courtesy of REALTY EXPERTS. 727-888-1000
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