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Smart Coastal AssetsPinellas County · Florida
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Capri Townhomes

11605 First Street East, Treasure Island, FL 33706

$1,690,000

Move-in ready

Bedrooms
5
Bathrooms
4
Sq. Ft.
~3,000
Residences
7
Completion
Completed · Move-in ready
  • Only 7 Residences

    Very rare zoning allows homestead or nightly/weekly rentals.

  • One Block to the Beach

    One block from a TripAdvisor Top 10 U.S. beach, close to John's Pass Village and Downtown St. Pete.

  • STR Friendly

    Nightly rentals, 1–7 days. Live in it or rent it; self-manage or choose any manager.

  • Tax Planning

    Potential short-term-rental tax treatment and cost segregation. A CPA must determine eligibility.

  • Strong Income Potential

    $215,000 projected gross rental revenue, verified by other residences in the complex. DSCR financing available.

Capri Townhomes is a completed, move-in-ready collection of just seven five-bedroom, four-bath townhomes of approximately 3,000 square feet in Treasure Island, one block from the beach. Very rare zoning allows owners to homestead or to rent nightly and weekly, and each home has a private rooftop deck built to support a hot tub.

Amenities & Lifestyle

  • One block from a TripAdvisor Top 10 U.S. beach

  • Community pool

  • Private rooftop decks able to support hot tubs

  • Walk to John's Pass Village

  • Private parking plus a garage

  • Quick drive to Downtown St. Pete

Key Details

Price
$1,690,000
Initial Deposit
$10,000
Total Down Payment
20%
Financing Options
Cash, conventional or DSCR financing (subject to lender approval)
Estimated Completion
Completed · Move-in ready
Property Type
Townhomes
Rentals & Personal Use
1–7 days minimum
May occupy as a primary residence or rent it out.
Management
No required management company. Self-manage or choose a manager.

All terms are subject to the purchase contract and lender approval.

Income & Tax Considerations

Projected annual gross rental revenue

$215,000

Source: Stay Dreams Rentals / Resort Rentals, verified by other residences in the complex

Projection only. Not guaranteed.

Potential tax advantages

May qualify, with CPA guidance, for 100% bonus depreciation. Potential short-term-rental tax treatment and cost segregation; a CPA must determine eligibility.

Tax benefits depend on your circumstances. Consult your CPA. Learn how this works

Capri Townhomes FAQ

Can Capri Townhomes be rented nightly?

Yes. Capri Townhomes allows nightly and weekly rentals (1–7 day stays). Owners may also homestead the property as a primary residence.

Is a management company required at Capri Townhomes?

No. There is no required management company. Owners may self-manage or choose any manager.

How close is Capri Townhomes to the beach?

Capri Townhomes is one block from Treasure Island beach and close to John's Pass Village and Downtown St. Pete.

What is the projected rental revenue at Capri Townhomes?

Projected gross rental revenue is $215,000 per year, per Stay Dreams Rentals / Resort Rentals and verified by other residences in the complex. Projections are not guaranteed.

Are Capri Townhomes move-in ready?

Yes. Construction is complete and the townhomes are move-in ready.

Private inquiries

Request information on Capri Townhomes

Pricing, availability, floor plans, rental details and financing. Submitting an inquiry does not require marketing consent.

Jeff Beggins

Century 21 Beggins Enterprises

MARKETING COMMUNICATIONS CONSENT (optional)

Project details last verified November 2, 2026.