11050 5TH STREET E, Treasure Island, FL 33706

Property Description

A truly rare offering in the highly coveted Isle of Palms neighborhood, this exceptional double bayfront homesite presents a once-in-a-lifetime opportunity to create a custom waterfront estate in one of Treasure Island’s most desirable locations. Spanning approximately 0.36 acres, this oversized corner lot boasts an impressive 208 feet of seawall, delivering some of the widest, most unobstructed open water views available. With sweeping western exposure across the Intracoastal Waterway, you’ll enjoy breathtaking panoramic vistas, vibrant sunsets, and daily encounters with Florida’s coastal wildlife. Positioned on deep, protected water, this property is a boater’s dream. Featuring two existing docks and two boat slips, it offers direct, access to the Gulf, ideal for accommodating larger vessels or creating your own private boaters retreat. Set at the end of a quiet cul-de-sac and surrounded by some newly built luxury homes, this high-value location offers both privacy and prestige. The beach is a little more than half a mile away, while shopping, dining, and everyday conveniences are just minutes from your doorstep. Enjoy effortless access to the best of coastal living, along with nearby attractions in downtown St. Petersburg and Tampa. This unique property is the result of combining two separately acquired parcels (11000 & 11050 5th St E), now ready for development. Architectural renderings are already available, offering a vision for a stunning custom residence designed to maximize the expansive water views and exceptional setting. To help showcase the incredible potential of this property, the owner previously collaborated with a custom builder to design a stunning residence specifically envisioned for the site. Architectural concepts, renderings, and preliminary engineering work was done and renderings have been included as inspiration for what could be built on the property. While buyers are welcome to connect with the owner’s builder, they are under no obligation and may use the builder of their choice to create their own dream home. The listing price is for the lot only. Whether you’re a boating enthusiast, a luxury home builder, or a buyer seeking a true trophy property, this is an unparalleled opportunity to build your dream home in a premier waterfront location.

Listing Status:

Active

Date Added:

May 6, 2026

Data Last Updated:

May 26, 2026 at 3:23AM

Listing Office:

COASTAL PROPERTIES GROUP INTERNATIONAL : 727-493-1555

Listing Agent:

Tara Beheshti : 727-417-6620

MLS ID:

TB8504714

Location

• Road/Access: City Street
• Originating MLS: Stellar MLS
• County: Pinellas

Lot

• Zoning: RESISLE OF PALMS 1ST ADD BLK 3LOTS 26 & 2723-31-15-43488-003-0260
• View: Water
• Fencing: Chain Link
• Current Use: Residential

Utilities

• Utilities: Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple