Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12 Paradise Ln Treasure Island, FL 33706

    Sponsored
    For Sale
    $1,695,000

    Land, Other - Treasure Island, FL

    Type:Single Family Residence
    Lot size:
    0.31 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 1 at 10:06 pm

    Property Features for 12 Paradise Ln

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    0.31 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Annie Fleeting Team

    NextHome, Inc

    Listing agent Annie Fleeting Team (727) 363-3300 License #BK3241532,PersonLicenseNumber

    Listing date Jan 30, 2026

    MLS# TB8446958 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Waterfront Lot on Paradise Lane

    Located on Paradise Lane in Treasure Island, this oversized 13,500-square-foot residential lot offers an opportunity for waterfront living. The property features 100 feet of premium waterfront with a newer seawall. The lot dimensions are 100x135 feet, providing ample space to build a custom home. The location provides deep-water access and open-water views. The property is located approximately 0.5 miles from the beaches of Treasure Island and a 15-minute drive to Downtown St. Petersburg. The location allows convenient access to beaches, entertainment, dining, and cultural attractions. A 2023 survey and a Geotechnical Investigation from Driggers Engineering Services dated April 30th, 2024, are available. The property is intended for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Treasure Island
    County
    Pinellas
    State
    Florida
    Longitude
    -82.76009369
    Latitude
    27.77116394

    Nearby Similar for Sale

    • New
      $4,350,000
      6,424 SF

      Luxury Waterfront Triplex Estate

      Newly constructed, fully furnished waterfront triplex designed for luxury living.
      12400 Capri Cir N, Treasure Island, FL 33706
      View Details
    • New
      $2,495,000
      3,780 SF

      Treasure Island Boutique Hotel Opportunity

      Charming 10-room boutique hotel near Treasure Island beaches.
      12100 Gulf Blvd, Treasure Island, FL 33706
      View Details
    • $585,000
      1,791 SF

      Triplex on Sunset Beach

      Investor special with rental income potential.
      205 Bay Plz, Treasure Island, FL 33706
      View Details
    • $980,000
      2,114 SF

      Treasure Island Airbnb Friendly Triplex

      Treasure Island triplex ready for rentals with water views.
      115 99Th Ave, Treasure Island, FL 33706
      View Details
    • New
      $2,900,000
      4,312 SF

      Turnkey Waterfront Treasure Island Quadruplex

      Updated 4-unit building with bay views, pool, and dock.
      125 110Th Ave, Treasure Island, FL 33706
      View Details
    • $23,000,000
      6,860 SF

      Waterfront Resort on Gulf Boulevard

      Prime 1.56-acre beachfront resort with Gulf and Intracoastal access.
      11320 Gulf Blvd, Treasure Island, FL 33706
      View Details
    • New
      $2,900,000
      9,294 SF

      Treasure Island Multifamily Waterfront Complex

      Apartment complex in Isle of Capri with intracoastal waterway views.
      275 116Th Ave, Treasure Island, FL 33706
      View Details
    • $999,000
      2,044 SF

      Treasure Island Quadplex Investment Opportunity

      Quadplex in Treasure Island, steps from the beach. Redevelopment potential.
      134 86Th Ave, Treasure Island, FL 33706
      View Details
    • $785,000
      2,992 SF

      Treasure Island Redevelopment Opportunity

      Rare redevelopment opportunity steps from the Gulf in Treasure Island, FL.
      265 115Th Ave, Treasure Island, FL 33706
      View Details
    • $5,000,000
      7,592 SF

      Treasure Island Mixed-Use Investment Property

      Mixed-use property in downtown Treasure Island with residential and commercial spaces.
      172 107Th Ave, Treasure Island, FL 33706
      View Details
    • $1,275,000

      Treasure Island Specialty Property

      Specialty property available for sale in Treasure Island, Florida.
      340 Bay Plz, Treasure Island, FL 33706
      View Details
    • $4,868,570

      Luxury Coastal Estate: Treasure Island

      3-Unit Multifamily, Ocean Views
      12400 Capri Cir, Treasure Island, FL 33706
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Oversized waterfront lot with deep-water access in Treasure Island.
    Where is this residential land & home lot located?
    The property is located at 12 Paradise Ln Treasure Island, FL.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: - 100 feet of premium waterfront property with deep-water access to the Gulf of Mexico.; - Oversized 13,500 sq ft residential lot (100x135 ft) suitable for building a custom dream home.; - Prime location: a short 0.5-mile walk to Treasure Island beaches.
    (727) 371-8884
    Request Owner's contact information
    12 Paradise Ln Treasure Island, FL 33706
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12 Paradise Ln
    Treasure Island, FL 33706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 Paradise Ln Treasure Island, FL 33706
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Annie Fleeting Team
    Real Estate License ID: BK3241532,PersonLicenseNumber
    (727) 371-8884
    Learn more
    Google sign-in failed. Please try again or use another login method.