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$549,000 Just Listed

  • For Sale
  • Active
  • Triplex
  • 3 Total Baths
  • 1,264 Sq. Ft.
  • Updated 21 hours ago
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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.

Full Property Details for 119 125th Ave

General

  • Price: $549,000
  • Taxes: $5,709 (2025)
  • Status: Active
  • Type: Triplex
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8558352
  • Updated: 10/15/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s)
  • Flooring: Luxury Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3

Other Rooms

  • Laundry: Laundry Closet

Exterior

  • Exterior Features: Private Entrance, Private Mailbox

Location

  • Area: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
  • County: Pinellas
  • Development Name: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
  • Subdivision: CONEY ISLAND
  • Driving 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.

Community

  • Community Name: 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl

Heating & Cooling

  • Cooling Type: Mini-Split Unit(s)
  • Heating Type: Wall Units / Window Unit

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Available, Electricity Connected, Water Connected

Structural Information

  • # Buildings: 2
  • Exterior Const.: Block
  • Roof: Membrane, Metal
  • Square Feet: 1,264
  • Sq. Ft. Source: Owner
  • Year Built: 1946

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,816
  • Lot Size: 3816
  • Lot Dimensions: 38 x 106
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $5,709.8
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: CONEY ISLAND BLK 9, LOT 8
  • Flood Zone Info: AE
  • APN: 153115177840090080
  • Property ID: 153115177840090080
  • Block/Lot/Section: 9

Listed by Happy Homes Property Managemen

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— 119 125th Ave —

  • Happy Homes Property Managemen

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 119 125th Ave

School District:Pinellas County School District
NameGradesDistance
Azalea Elementary School
1680 74th St N, St. Petersburg, FL 33710
PK-52.4 mi
Azalea Middle School
7855 22nd Ave N, St. Petersburg, FL 33710
6-82.2 mi
Boca Ciega High School
924 58th Street South, Gulfport, FL 33707
9-124.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 119 125th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/15/2026
Listed
$549,000
18.06%
MLS
1/12/2024
Sold
$465,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 119 125th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,710
-24%
$345,000
-44%
2024
$7,497
8%
$620,000
10%
2023
$6,956
41%
$565,000
100%
2021
$4,933
-22%
$283,000
-45%
2022
$6,343
29%
$510,000
89%
2021
$4,933
12%
$270,250
10%
2019
$4,417
8%
$246,740
10%
2018
$4,096
7%
$224,309
-2%
2017
$3,816
3%
$229,187
-2%
2016
$3,720
11%
$233,895
20%
2015
$3,348
15%
$195,543
22%
2014
$2,919
11%
$159,837
15%
2013
$2,639
—
$139,277
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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119 125th Avenue, Treasure Island, FL 33706 (MLS# TB8558352) is a Triplex property with 0 bedrooms and 0 full bathrooms. 119 125th Avenue is currently listed for $549,000 and was received on October 15, 2026. Want to learn more about 119 125th Avenue? Do you have questions about finding other Triplex real estate for sale in Treasure Island? You can browse all Treasure Island real estate or contact a Coldwell Banker agent to request more information.

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