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<h2>Interested in Purchasing 500 TREASURE ISLAND CAUSEWAY #207?</h2><p>Get an estimate on monthly payments on this property.</p>

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TWO COTTAGES ON ONE LOT ON ST PETE BEACH! Front cottage consists of living/dining room, 2 bedrooms, 1 bathroom, kitchen, and family room. The back cottage consists of living room, kitchen, bedroom, and bathroom.  Fantastic opportunity to buy at a discount and renovate to your desire. Perfect home with mother-in-law, second home with guest cottage, or cash cow seasonal rental property. This property was affected by hurricane Helene, and has been remediated.  The City of St Pete Beach has issued a NON substantial damage letter, this property is ready for permitting! Fantastic location - only 3 short blocks to Historic Corey Avenue where you will find shops, restaurants, and nightlife. Steps to the beautiful St Pete Beach beaches, where you will find miles of sand to roam.  Fantastic opportunity to build wealth and invest in a charming small beach town.

This charming three-bedroom, two-bathroom block home sits on a sunny, south-facing corner lot, offering an abundance of natural light through its large windows. As you step inside, you’re welcomed by an open-concept living and dining area that seamlessly transitions into the well-appointed lanai, maximizing space and versatility. Whether you're looking to renovate or reimagine, this home provides a solid foundation for your creative vision.
One of its standout features is the timeless terrazzo flooring, known for its durability, low maintenance, and mid-century charm—eliminating the need for costly replacements. The expansive screened-in lanai extends your living space outdoors, making it an ideal spot for relaxing, entertaining, or transforming into your own private retreat. Additionally, the open floor plan and flexible third bedroom placement offer countless opportunities to redesign and customize the home to suit your needs. You could potentially create a great room if a third bedroom isn't needed, repurpose the space into an office or flex area, expand the kitchen with an island overlooking the main living space, or even enclose the lanai to add additional square footage—the possibilities are endless!
Beyond the home, you'll love its prime location just minutes from St. Pete Beach’s vibrant shops, restaurants, and entertainment, as well as the renowned Corey Avenue Market, where you can enjoy fresh produce, baked goods, live entertainment, and unique local finds each week. Plus, with a convenient stop nearby on the new SunRunner express bus line, you’ll have easy access to downtown St. Petersburg without the hassle of driving.
For investors, this area of St. Pete Beach allows rentals of one month or more, with the option to secure short-term leases (under 30 days) up to three times per 12-month period. Rental rates for updated three-bedroom, two-bath homes in this coveted location can gross between $3,500 and $4,000 per month once renovations are complete.
Unlike many homes in the area, the roof sustained no visible storm damage from Hurricanes Helene or Milton. The seller will provide the non-substantial damage letter from St. Pete Beach, the SPB inspector’s report, and a copy of the property’s re-appraisal with revised dwelling evaluation numbers. However, this is an “as-is” sale, and the seller makes no warranties regarding the home's condition or the feasibility of renovating or further developing the property to meet FEMA requirements.
The FEMA-required lower four feet of drywall has been professionally removed using laser levels and air-powered cutting wheels. All lower walls have undergone mold remediation, and the exposed wood has been encapsulated with Kilz Level 3 paint. A brand-new Trane 15.2 SEER2 A/C compressor and air handler are on-site and ready for installation, with quotes and receipts available for the AC/Air Handler and tear out/remediation to include with your application to FEMA in accordance with their 49% budget cap for rebuilding. Additionally, a copy of the original 1964 house plans will be available at closing.
This is a rare opportunity to transform a well-documented storm-damaged property into your dream home in the highly desirable St. Pete Beach neighborhood. With its unbeatable location, solid structure, and endless potential, this home is ready for your vision—schedule your showing today!

Corner Lot, City Limits, In County, Near Marina, Near Public Transit, Sidewalk, Paved

PRICE REDUCTION. Best value on Treasure Island. Unit received no storm damage. Sits high and try. Condo Milestone Inspection successfully completed, and all assessments paid.  
Step into the idyllic paradise of Isle of Capri in Treasure Island! This is your opportunity to own a home in this highly sought-after community.  This wonderful 2 bedroom, 2 bath unit with over 1000 sq feet looks and feels much larger. It has been meticulously maintained. Recent renovations include a new stove, backsplash, kitchen sink, custom-designed storage units, hurricane windows and doors, plantation shutters, and ceiling fans.  The primary bedroom has a large custom-designed walk-in closet plus another large built-in closet with custom shelving, and the bathroom has a new walk-in shower. For your convenience, there is a full-size washer and dryer located inside the unit. 
Enjoy your morning coffee or a delicious glass of wine on the balcony while enjoying the sprawling water view of the canal.  
The property features a host of updates. The roof was replaced in the summer of 2019. The swimming pool was refurbished in 2020, the asphalt was repaired and seal-coated in 2021. The entire building was painted in 2022. The elevator was upgraded in 2022. All assessments have been paid in full. Included with this unit is a downstairs storage area that’s 12” X 5’. You will have one covered parking space under the building and onsite guest parking. 
Units may be rented for a minimum of 30 days, up to 5 times a year. Pets up to 30 lbs. are allowed and a great dog park is just a block away. Recent homeowners’ insurance went down this past April to $1087.  The HOA fee is $825/month and includes water, trash, sewer, cable, pool and yard maintenance, and building insurance.  
The Gulf of Mexico, local restaurants, and tennis and pickleball courts are around the corner. You are just 20 minutes from the amazing culture and arts of downtown St. Petersburg and the Tampa Bay Rays baseball stadium. 
This intimate 10-unit complex offers a heated pool, fishing pier, and rentable boat dock which is available on a first-come, first-served basis.  For those seeking adventure, the Gulf of Mexico is just a quick 10-minute boat ride away through John’s Pass at Madeira Beach. 
All measurements are approximate and should be independently verified by interested parties. Welcome to your slice of paradise on Treasure Island! Owner is a realtor and motivated to sell.

Welcome to Treasure Island Tennis & Yacht Club on Paradise Island. This corner unit overlooks the Intracoastal Waterway through panoramic windows in both bedrooms as well as through wall to wall sliding glass doors that lead onto the balcony from the living area. Completely remodeled ; all new kitchen, baths, flooring and windows. The kitchen has an attached breakfast bar and adjacent dining room. Washer and dryer inside the unit. Assigned parking space, plus private storage room. Walking or bike ride distance to the beaches, shops, and dining. For recreation enjoy 9-hole golf ,tennis, volleyball, basketball and Pickleball at Treasure Bay Golf and Tennis. Pet friendly complex is truly a great place for your home or vacation destination.

33706

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John Rickerson has 57 photos of this 2 bed, 2 bath, 1308 sqft property that was listed on 03-01-2025 for $449000, and is located at 500 TREASURE ISLAND CAUSEWAY #207 Treasure Island, FL 33706.

500 TREASURE ISLAND CAUSEWAY #207

Treasure Island, FL 33706

1308 sqft | 2 beds | 2 baths | 1.96 acres | #TB8353635

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