by RH Advisors

See Home Value
$1,000,000
House - Off Market

885 115TH AVENUE

TREASURE ISLAND, FL 33706
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1903 Sqft
$6,064
Estimated Monthly
$0
HOA / Fees
2.02%
Cap Rate

About This Property

Jimmy Buffet's "It's 5:00 somewhere" comes to mind the moment you pull up to this welcoming beach retreat featuring an envious outdoor entertaining area featuring an enormous pool and thatched tiki hut seating area overlooking the waterfront. This private oasis is surrounded by mature tropical landscape in the sought-after Treasure Island community of Isle of Palms! This  home boasts an array of interior and exterior features that are sure to captivate even the most discerning buyer. The moment you enter this fabulous coastal retreat, you will be drawn to the the light and bright  remodeled kitchen which is the centerpiece to the home, featuring timeless white shaker cabinets, stainless steel appliances, quartz countertops, a convenient breakfast bar, and a large island that provides ample space for meal preparation and entertaining. This flexible floorplan offers two office spaces, ideal for an extra space to accommodate extra overnight guests.The primary suite is a true retreat, offering two walk-in closets and a fully remodeled primary bathroom complete with dual vanity sinks and a luxuriously large walk-in shower. Every morning will feel like a visit to the spa as you start your day in this tranquil oasis. There is also an additional room attached to the primary suite which is perfect for an office and/or nursery. The guest bedroom also boasts an en-suite bathroom that has been fully remodeled, ensuring that your guests are treated to the same level of luxury and comfort. Additionally, just off the kitchen, there is a second office space which dual functions as an indoor laundry room as well; originally designed to allow for a stairwell to a second story addition. As you step outside, you'll be greeted by the beauty of an oversized corner lot, surrounded by lush tropical landscaping that provides both privacy and a sense of serenity.  Location is everything, and this home is ideally situated in the heart of Treasure Island. Known for its world-famous sugar sand beaches, you'll have the opportunity to enjoy the sun, sand, and surf and community events such as the world famous Sanding Ovations sand castle contest just moments from your doorstep. Everything you need is right on the island, including a Publix with a waterfront dock, as well as a variety of fantastic restaurants and vibrant nightlife options and Johns Pass famous fishing village and board walk!  Don't miss your chance to own this exquisite home in the highly desirable Isle of Palms community. Schedule your private showing today and start living the Florida dream!
Unit Size
1,903Ft²
Days on Market
62 days
Land Size
0.22 acres
Price per sqft
$604
Property Type
House
Property Taxes
$417
HOA Dues
-
Year Built
1968
Last updated: 6 months ago (Stellar MLS #U8214428)

Price History

Date / Event Date Event Price
Dec 1, 2023 Sold $1,000,000
Sold
Oct 20, 2023 In contract -
In contract
Sep 29, 2023 Listed by Compass $1,150,000
Listed by Compass
Jimmy Buffet's "It's 5:00 somewhere" comes to mind the moment you pull up to this welcoming beach retreat featuring an envious outdoor entertaining area featuring an enormous pool and thatched tiki hut seating area overlooking the waterfront. This private oasis is surrounded by mature tropical landscape in the sought-after Treasure Island community of Isle of Palms! This home boasts an array of interior and exterior features that are sure to captivate even the most discerning buyer. The…
Sep 2, 2023 No longer available -
No longer available
Aug 24, 2023 Price Decreased $1,149,999
↓ $100K (8%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Custom
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Other
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,374
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 540
  • Total Building Area: 2,638
  • Gross Building Area: 2,638
  • Building Area: 1,813
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,813
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ISLE OF PALMS 2ND ADD
  • Land Acres: 0.215
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ISLE OF PALMS 2ND ADD BLK 7, LOT 5

Ownership

  • Current Owner : GORRELL JAMES A
  • Current Owner 2: GORRELL ROBIN
  • Previous Owner : SPOERL DAVID R
  • Previous Owner 2: SPOERL MARGARET M
  • Owner Before Previous Owner: DIAGONALE ANTHONY M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Geography

  • Assessors Map Reference: 255
  • Account Number: R252398
  • District: TI
  • Subdivision Tract Number: 43506
  • Parcel: 23-31-15-43506-007-0050
  • Block: 7
  • Lot: 5
  • Meridian: SEC 23 TWN 31S RNG 15E
  • Municipality: TREASURE ISLAND
  • Latitude: 27.7804
  • Longitude: -82.7614

    Address

  • Full Address: 885 115th Ave
  • Address - House Number: 885
  • Address - Street Name: 115th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Treasure Island
  • Carrier Code: C009
  • 4-Digit Zip Code: 1123
  • Zip Code: 33706

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,004
  • Tax Rate Code Area: TI

    Appraisal Valuation

  • Standard Deviation: 0.0865
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 93
  • Final Value: 1,126,665
  • High Value: 1,224,192
  • Low Value: 1,029,137

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $800,000
  • First Open Lien Mortgage Lender: STONEHAVEN MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jan 31, 2024
  • First Open Lien Mortgage Loan Amount: $800,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2054

    Market Valuation

  • Market Total Value: $775,902
  • Market Land Value: $627,456
  • Market Improvement Value: $148,446

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $348,022

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 30, 2023
  • Current Sale Recording Date: Dec 05, 2023
  • Current Sale Transaction ID: 11917657361
  • Current Sale Price: $1,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 308213
  • Previous Sale Recording Date: Sep 02, 2010
  • Previous Sale Contract Date: Aug 27, 2010
  • Previous Sale Amount: $417,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STONEHAVEN MORTGAGE INC
  • First Mortgage Transaction Date: Dec 05, 2023
  • First Mortgage Loan Amount: $800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jan 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: DIVERSIFIED HOME MORTGAGE INC
  • Previous Mortgage Transaction Date: Sep 02, 2010
  • Previous Mortgage Loan Amount: $430,761
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Sep 01, 2040



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,766 ft²
$657/ft²
$1,160,000 Jun 13, 2023
$1,160,000 Sep 29, 2023
$479/mo
House
3 Beds
2 Baths
1,796 ft²
$612/ft²
$1,100,000 Aug 11, 2023
$1,100,000 Sep 29, 2023
$1,051/mo
Condo
2 Beds
2 Baths
1,060 ft²
$991/ft²
$1,050,000 May 10, 2022
$1,050,000 Sep 20, 2023
$11,024/mo
Condo
2 Beds
2 Baths
1,060 ft²
$1,132/ft²
$1,200,000 Sep 22, 2022
$1,200,000 Sep 1, 2023
$11,024/mo
Multifamily
4 Beds
3 Baths
1,882 ft²
$492/ft²
$925,000 Jul 2, 2023
$925,000 Sep 26, 2023
$753/mo
Multifamily
Stu
-
1,251 ft²
$743/ft²
$930,000 Aug 1, 2023
$930,000 Sep 8, 2023
$918/mo
House
2 Beds
2 Baths
1,424 ft²
$827/ft²
$1,177,500 Oct 18, 2023
-
$1,011/mo
House
3 Beds
2 Baths
1,411 ft²
$744/ft²
$1,050,000 Aug 26, 2023
-
$449/mo
House
2 Beds
2 Baths
1,060 ft²
$1,187/ft²
$1,258,000 Oct 19, 2023
-
$11,024/mo
House
2 Beds
2 Baths
1,060 ft²
$1,179/ft²
$1,250,000 Oct 20, 2023
-
$11,024/mo
House
3 Beds
3 Baths
1,828 ft²
$615/ft²
$1,125,000 Oct 10, 2023
-
$3,240/mo
Condo
3 Beds
4 Baths
2,193 ft²
$433/ft²
$949,000 Oct 6, 2023
-
$1,761/mo

About Isle of Palms


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Frequently Asked Questions

When was property at 885 115th Avenue built and last sold?
The property at 885 115th Avenue was built in 1968 and last sold on Nov 30, 2023 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 885 115th Avenue is $1,177,035.
What are some comparable homes to 885 115th Avenue?
Homes that are comparable to 885 115th Avenue include a house property at 12150 4th Street East, 11500 Gulf Boulevard, 11605 Gulf Boulevard.

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