$549,000
119 125TH AVENUE, TREASURE ISLAND, FL 33706
Beds
0
Baths
3
Sq Ft
1,264 sq ft
Year Built
1946
Lot Size
0.09 acres
Garage
0
About This Property
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.
Property Overview
Interior Features
Exterior & Lot
Utilities
Parking
HOA & Community
Financial Details
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.
Location
119 125TH AVENUE, TREASURE ISLAND, FL 33706
Listing Information
Schedule a Tour
Pick a Day
Preferred Time
Home Price
$549,000
Loan Term
How to Buy This Home
Multiple financing options available for this $549,000 home in TREASURE ISLAND.
🏛️
FHA Loan
$19,215 Down
Government-backed, low down payment. Credit scores as low as 580.
🎖️
VA Loan
$0 Down
Zero down for eligible veterans, active duty, and military families.
🏦
Conventional
$27,450 Down
Traditional financing. As low as 3-5% down with good credit.
Florida Down Payment Assistance Programs
You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.
Florida Hometown Heroes
Up to $35,000
First-time buyers working in FL
FL Assist
Up to $10,000
FHA, VA, or USDA borrowers
FL HLP Second Mortgage
Up to $10,000
First-time buyers, 0% deferred
Pinellas County SHIP
Varies
Income-qualifying Pinellas residents
Can You Afford This Home?
Quick check based on the 28% debt-to-income rule. Not a guarantee, just a starting point.
More Homes in Treasure Island
More Homes in Treasure Island
Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: October 16, 2026.