by RH Advisors

Check Availability
$2,000,000
House - For Sale

5 Island DRIVE

TREASURE ISLAND, FL 33706
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3265 Sqft
$10,856
Estimated Monthly
$0
HOA / Fees
1.69%
Cap Rate

About This Property

Welcome to your very own slice of waterfront paradise on Paradise Island in Treasure Island, Florida! This fabulous 4-bedroom, 3 1/2 bath home is all about laid-back luxury and entertaining. The open kitchen with solid wood cabinets, sleek granite countertops, and a breakfast bar is perfect for gatherings and taking in the waterfront views. The top floor is host to the roomy primary suite, with a balcony overlooking the water, a walk-in closet with custom closet system, and an en-suite  bathroom with dual vanities and a separate tub and shower. Additional features include new paint throughout,  wood, tile, & luxury vinyl plank flooring, as well as solar with back up battery (solar lease - easy to transfer). Outside, it's all about the good times with tons of outdoor spaces, a big pool and spa for soaking up the Florida sun, and a dock with a lift for launching your aquatic adventures right from your backyard. Minutes to Treasure Bay Golf & Tennis, a vibrant community center and boating community nestled in the heart of a golfer's and tennis player's paradise. You can enjoy the best of both worlds - serene and convenient proximity to town. Paradise Island's desirable location attracts even the most discerning locals with its easy access to downtown and the beach. This waterfront home is the ultimate spot for living it up, kicking back, and embracing that awesome Florida lifestyle.
Unit Size
3,265Ft²
Days on Market
26 days
Land Size
0.23 acres
Price per sqft
$613
Property Type
House
Property Taxes
$1,036
HOA Dues
-
Year Built
1970
Last updated: 5 days ago (Stellar MLS #U8236462)

Price History

Date / Event Date Event Price
Apr 4, 2024 Listed by COMPASS FLORIDA LLC $2,000,000
Listed by COMPASS FLORIDA LLC
Apr 29, 2016 Sold to Brian K Gilroy, Tamara Y Gi... $800,000
Sold to Brian K Gilroy, Tamara Y Gi...

Property Highlights

Garage
Air Conditioning
With View
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Garage Door Opener, Oversized
Garage Spaces: 2
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 3

Interior Information

Interior Features: Ceiling Fans(s), Open Floorplan, PrimaryBedroom Upstairs, Split Bedroom, Thermostat
Appliances: Built-In Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Flooring Type: Ceramic Tile, Luxury Vinyl, Tile, Hardwood
Laundry Features: Inside, Laundry Chute, Laundry Room

Room Information

Rooms: 8

Fireplace Information

Has Fireplace
Fireplace Features: Family Room, Master Bedroom

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 14
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 529
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,041
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 630
  • Total Building Area: 4,168
  • Gross Building Area: 4,168
  • Building Area: 3,265
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,265
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: PARADISE ISLAND 5TH ADD
  • Land Acres: 0.231
  • Legal Description 1: PARADISE ISLAND 5TH ADD LOT 5

Ownership

  • Current Owner : GILROY BRIAN K
  • Current Owner 2: GILROY TAMARA Y
  • Previous Owner : PECK RUSSELL L
  • Owner Before Previous Owner: BISELI RICHARD
  • Owner Before Previous Owner 2: BISELI MARJORIE A
  • Is Owner Occupied: unknown

Neighborhood

  • School District Name: Pinellas County School District
  • Census Tract: 027905

Geography

  • Assessors Map Reference: 266
  • Account Number: R275886
  • District: TI
  • Subdivision Tract Number: 66150
  • Parcel: 25-31-15-66150-000-0050
  • Lot: 5
  • Meridian: SEC 25 TWN 31S RNG 15E
  • Municipality: TREASURE ISLAND
  • Latitude: 27.7641
  • Longitude: -82.7594

    Address

  • Full Address: 5 Island Dr
  • Address - House Number: 5
  • Address - Street Name: Island
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Treasure Island
  • Carrier Code: C008
  • 4-Digit Zip Code: 1202
  • Zip Code: 33706

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,130
  • Tax Rate Code Area: TI

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 1,886,477
  • High Value: 2,217,198
  • Low Value: 1,555,756

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,220,000
  • First Open Lien Mortgage Lender: NAVY FCU
  • First Open Lien Mortgage Recording Date: Apr 29, 2016
  • First Open Lien Mortgage Loan Amount: $720,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: May 01, 2046
  • Second Open Lien Mortgage Lender: NAVY FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Mar 23, 2023
  • Second Open Lien Mortgage Loan Amount: $500,000
  • Second Open Lien Mortgage Term: 480
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: unknown
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2063

    Market Valuation

  • Market Total Value: $1,416,473
  • Market Land Value: $891,645
  • Market Improvement Value: $524,828

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $773,065

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 28, 2016
  • Current Sale Recording Date: Apr 29, 2016
  • Current Sale Transaction ID: 1529425937
  • Current Sale Price: $800,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2016129994
  • Previous Sale Recording Date: Dec 13, 2012
  • Previous Sale Contract Date: Dec 06, 2012
  • Previous Sale Amount: $790,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: NAVY FCU
  • First Mortgage Transaction Date: Apr 29, 2016
  • First Mortgage Loan Amount: $720,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: May 01, 2046

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
2,866 ft²
$697/ft²
$1,999,000 Oct 30, 2023
$1,999,000 Jan 10, 2024
$682/mo
House
4 Beds
3 Baths
2,765 ft²
$864/ft²
$2,390,000 Nov 6, 2023
$2,390,000 Jan 12, 2024
$1,500/mo
House
4 Beds
3 Baths
2,782 ft²
$629/ft²
$1,750,000 Oct 10, 2023
$1,750,000 Feb 26, 2024
$2,183/mo
House
4 Beds
3 Baths
3,142 ft²
$660/ft²
$2,075,000 Feb 5, 2024
$2,075,000 Mar 19, 2024
$1,657/mo
House
4 Beds
5 Baths
4,325 ft²
$370/ft²
$1,600,000 Nov 30, -0001
$1,525,000 Apr 7, 2015
$1,587/mo
House
4 Beds
4 Baths
2,508 ft²
$735/ft²
$1,842,500 Mar 10, 2023
$1,842,500 Aug 31, 2023
$1,102/mo
House
4 Beds
4 Baths
2,767 ft²
$612/ft²
$1,693,900 Mar 14, 2024
-
$264/mo
House
4 Beds
4 Baths
2,916 ft²
$660/ft²
$1,925,000 Mar 6, 2024
-
-
House
4 Beds
3 Baths
2,999 ft²
$765/ft²
$2,295,000 Feb 14, 2024
-
$886/mo
House
4 Beds
3 Baths
3,100 ft²
$774/ft²
$2,398,000 Jan 22, 2024
-
$1,062/mo
House
4 Beds
3 Baths
3,069 ft²
$779/ft²
$2,390,000 Mar 15, 2024
-
$1,369/mo
House
4 Beds
2 Baths
2,523 ft²
$733/ft²
$1,850,000 Mar 15, 2024
-
$1,209/mo

About Paradise Island


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Frequently Asked Questions

When was property at 5 Island Drive built and last sold?
The property at 5 Island Drive was built in 1970 and last sold on Apr 28, 2016 for $800,000.
How much is this home worth?
The estimated value of the home located at 5 Island Drive is $2,017,196.
What are some comparable homes to 5 Island Drive?
Homes that are comparable to 5 Island Drive include a house property at 301 79th Street South, 11325 8th Street East, 10081 Paradise Boulevard.

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