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$1,600,000

Beds
3
Baths
2.5
sq ft
1,992

11005 5th St E, Treasure Island, FL 33706

11005 5th St E

TREASURE ISLAND, FL 33706

  • 9 days on market
Exceptional Point Lot with Stunning Water Views on Isle of Palms. Discover a rare opportunity to own a premier point lot surrounded by breathtaking water views in the highly sought-after Isle of Palms on Treasure Island. This remarkable property has been remediated and is ready for your personal touches or serves as the perfect site for a stunning new build. Designed for waterfront living, the property features a newer pool with two sun shelves, elegant travertine pavers, and 105 feet of updated seawall. The composite dock is ready for your yacht, sailboat, or water toys, with deep water access that accommodates even the most discerning boating enthusiast. A tile roof replaced in 2022 adds to the home's value and longevity. Enjoy wide open water views and an easy stroll to the award-winning sandy beaches of Treasure Island. The area is known for its locally owned bars and restaurants, fostering a warm, welcoming, and vibrant community. Treasure Island also hosts an array of exciting events, including the internationally renowned Sanding Ovations Sand Sculpture Competition, the International Kite Festival, and numerous free concerts and local festivals. This is more than just a home—it's a lifestyle. Experience the best of waterfront living in a community you'll love to call home.

Details

Property type

Single Family Residence

Est. home value

$2,065,499

Lot size

7,775 sq ft

Price per sq ft

$804

Year built

1963

Annual property taxes

$22,000.43

HOA

No

Price History

02/23/2025
StellarMLS

StellarMLS #TB8351284

Listed
$1,600,000
-13.51%
12/23/2021
StellarMLS

StellarMLS #U8143713

Sold
$1,850,000
+122.89%
10/12/2018
StellarMLS

StellarMLS #U7837183

Sold
$830,000
+38.33%

Schools & Community

Neighborhood: 

Isle of Palms

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$91,701
Asking price
$1,600,000
Closing costs (~8% of asking)
-$128,000
Est. remaining loan balance
-$1,380,299
Cash to seller
$91,701

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Embrace Home Loans Inc

Loan start date

December 2021

Original loan amount

$1,480,000

Est. remaining balance

$1,380,299

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Sarah M St Clair

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 03/04/2025 at 12:30 AM

Listing updated: 02/24/2025 at 6:52 AM

Listed by: Barb Adams, COASTAL PROPERTIES GROUP Phone #: (727) 493-1555

MLS: StellarMLS #TB8351284

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