12620 Lagoon Ln, Treasure Island, FL 33706

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.nZoned 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 propertys potential, whether building a single luxury residence, multiple units, or an income-producing property.nThe 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 Johns Pass, the property offers protected water and quick access to the Gulf.nPublic 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, Johns Pass, restaurants, and other area amenities.nFor 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 Johns Pass makes this a property worth evaluating for its redevelopment potential. All development plans and uses are subject to verificat