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.
Property Details
- Lot Features
- Buildable
- Lot Description
- Buildable
- Acres
- 0.26
- Property Type
- Purchase
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Available, Public
- Subdivision
- CONEY ISLAND
- County
- Pinellas
- Region
- TREASURE ISLAND
- Original List Price
- $999,000
- Days on Market (Cumulative)
- 167
- Taxes Annual
- $4,968
- Ownership
- Fee Simple
- MLS #
- TB8492350
- Property Subtype
- Land
- Waterfront
- 1
- Parcel Number
- 15-31-15-17784-005-0110
- MLS #
- TB8492350
- Waterfront Type
- Intracoastal Waterway
- Waterfront Features
- Intracoastal Waterway
- Date Listed
- March 31, 2026
- Address
- 12620 LAGOON LANE
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Del Amo Realty
Provided By
Listed by Donna Hildebrand, LLC (#MFR643512158)
Listing Office: REALTY EXPERTS (#MFR260031755)
