Capri Isle in Treasure Island

Capri Isle Homes for Sale in Treasure Island, FL

Barrier-island waterfront enclave · Treasure Island, Pinellas County · ZIP 33706

A deep-water island enclave in Treasure Island, waterfront homes minutes from the Gulf.

Deep-water docksWalk to the GulfBarrier island
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
This is a barrier-island waterfront market where flood zone, elevation, insurance, and any rental rules drive the buy as much as the dock and view.
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Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Stellar MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseStellar MLS
n/a
Median Price
0mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
n/a
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Capri Isle is a deep-water island enclave in Treasure Island, so the read is parcel by parcel: single-family waterfront homes with private docks on Boca Ciega Bay, a short walk from the Gulf, where the canal frontage, the elevation, and the flood and insurance picture drive value as much as the view. Treasure Island is a heavy short-term-rental market, so rental rules and the rental-versus-residence mix matter. Your leverage is reading the flood zone, elevation, seawall, and insurability honestly, and pricing the boating access against real comps."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Capri Isle is a waterfront enclave on a barrier island in Treasure Island, Pinellas County, overlooking the intracoastal waters of Boca Ciega Bay. It is known for deep-water single-family homes with private boat docks, a short walk from the Gulf beaches and minutes from John's Pass (community sources, 2026).

Most homes sit on waterfront, deep-water lots with private docks, and the area also includes some attached product nearby; the single-family enclave is the focus here. Treasure Island is a heavy short-term-rental market, so the mix of full-time residences, second homes, and vacation rentals, and the specific rental rules, are part of the picture.

This is a barrier-island waterfront market, so the money is made or lost on the parcel, the elevation and flood zone, the seawall and dock, and an honest read of insurability and any rental rules, not just the view.

The pitch is true deep-water boating access with the Gulf beaches at the doorstep. The trade is the flood, wind, and insurance reality of a barrier island, plus evolving elevation and rebuilding rules. The work is reading the flood zone and elevation, quoting insurance, and verifying rental rules before you offer.

Best for

  • Buyers who want a deep-water home with private dock and Gulf access
  • Boaters who want direct intracoastal and Gulf access
  • Buyers comfortable underwriting flood, wind, and insurance costs
  • Second-home and full-time owners who value island waterfront

Probably not for

  • Buyers who want a low-cost, low-insurance inland home
  • Anyone unwilling to verify flood zone, elevation, and seawall
  • Buyers who want a master-plan amenity community
  • Buyers who need a short, traffic-free commute to inland jobs

How Capri Isle is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
56Median days on marketdays
0 : 0Under contract vs for salestrong demand
0Sold in last 12 monthsliquidity
+0%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from Stellar MLS, as of June 24, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Capri Isle listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Capri Isle buys, holds, and resells. See the five factors.

Listing locations from Stellar MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

Capri Isle puts deep-water boating and the Gulf beaches at the doorstep with downtown St. Petersburg a drive across the bay, the island-waterfront lifestyle case, underwritten honestly for flood and insurance.

Treasure Island Gulf beach~3 to 6 min · a short walk
John's Pass Village~3 to 6 min · dining and boating
Gulf Boulevard~1 to 3 min · island corridor
Downtown St. Petersburg~20 to 30 min · across the bay
Interstate 275~15 to 20 min · regional access
Tampa International Airport~35 to 45 min · via the bridges and I-275
St. Pete Beach~5 to 10 min · south on Gulf Blvd

Distances and times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Capri Isle Homes for Sale in Treasure Island, FL with Momentum Realty’s local guides.

JTJungle Terraceand Jungle Prada Homes for Sale in StSt. Petersburg, FL · 0.8 miIPIsle of Palms Homes for Sale in Treasure Island, FLTreasure Island, FL · 1.0 miJSJungle ShoresSt. Petersburg, FL · 1.0 miPIParadise IslandTreasure IslandTreasure Island, FL · 1.1 miPHParadiseShores Homes for Sale in StSt. Petersburg, FL · 1.1 miCHCrystalIsland Homes for Sale in Madeira Beach, FLMadeira Beach, FL · 1.2 miTITreasure IslandTennis and Yacht ClubTreasure Island, FL · 1.2 miIPIsle of PalmsTreasure Island Homes for SaleTreasure Island, FL · 1.2 miIPIsle of Palms,Treasure Island Homes for SaleTreasure Island, FL · 1.3 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Capri Isle (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Pinellas County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Capri Isle is served by Pinellas County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Public

Pinellas County Schools (verify by address)

Verifyrating
By address

Confirm zoned elementary, middle, and high

Verifyrating

Buying with schools in mind? We can confirm the exact zoned schools for any Capri Isle address.

The takeaway

What is actually shaping value at Capri Isle: scarce deep-water island frontage in Treasure Island, the rising weight of flood and wind insurance, and elevation, rebuilding, and short-term-rental rules. Each item is sourced and linked.

Recent Developments in Capri Isle

Our read on what is being built around Capri Isle, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishScarce deep-water frontage supports long-term demand, with the watch items being flood and wind insurance costs and evolving elevation and rental rules.

Scarce deep-water island frontage

Ongoing
BullishMajor impact
SignificanceRadius: Area

A fixed supply of deep-water island frontage with Gulf access supports durable long-term demand.

Flood and wind insurance weight

Ongoing
BearishMajor impact
SignificanceRadius: Area

Rising flood and wind insurance costs are a central factor buyers must underwrite on every island home.

Elevation and rebuilding rules

Ongoing
NeutralNotable impact
SignificanceRadius: Area

Substantial-improvement and elevation rules shape what owners can renovate or rebuild, a key diligence item.

Short-term-rental market

Ongoing
NeutralNotable impact
SignificanceRadius: Area

Treasure Island's active short-term-rental market shapes the residence-versus-rental mix and the rules buyers should verify.

Walk-to-Gulf and John's Pass access

Ongoing
BullishNotable impact
SignificanceRadius: Area

A short walk to the Gulf and proximity to John's Pass anchor the lifestyle premium buyers pay for.

Seawall and waterfront upkeep

Ongoing
NeutralMinor impact
SignificanceRadius: Community

Seawalls, docks, and waterfront maintenance are real carrying costs that vary by home.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Capri Isle, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. January 2026
    Market

    Capri Isle remains a scarce deep-water Treasure Island enclave

    Capri Isle is described as a Treasure Island waterfront enclave of deep-water single-family homes with private docks on Boca Ciega Bay, a short walk from the Gulf and minutes from John's Pass. Why it matters: Fixed deep-water frontage supports the enclave's durable demand. Source

  2. January 2025
    Civic

    Island ownership shaped by flood, insurance, and rental rules

    Barrier-island home values in Treasure Island increasingly turn on flood and wind insurance, on FEMA and city elevation and substantial-improvement rules, and on short-term-rental regulations. Why it matters: Underwriting the insurance, rebuilding, and rental picture is central to valuing any island home. Source

Development alerts for Capri IsleGet a short monthly email when something new is approved, funded, or opens near Capri Isle.

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Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Capri Isle, this is the order of operations we would run, and the one we run for our clients.

1

Read the flood zone and elevation first. On a barrier island, the FEMA flood zone, the base flood elevation, and the elevation certificate drive cost and insurability.

2

Quote insurance early. Flood and wind insurance on the island are major line items, so get real quotes for the specific home.

3

Inspect the seawall, dock, and water depth. For a deep-water home, the seawall, the dock, and the depth are central to value and use.

4

Verify rental and rebuilding rules. Treasure Island has short-term-rental and elevation rules, so confirm them for the specific property.

5

Price the waterfront honestly, and weigh it against other Treasure Island and St. Pete Beach waterfront options.

Best Buy
A higher-elevation deep-water home with a sound seawall matched to comps
Biggest Risk
Underwriting flood, wind, and insurance too optimistically
Best Lot
Deep-water frontage at a higher elevation with a good seawall
Smart Timing
Confirm flood zone, elevation, insurance, and rental rules before you offer
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

The Homes

Type

Deep-water single-family homes with docks

Setting

Boca Ciega Bay intracoastal frontage

Access

Short walk to the Gulf, minutes to John's Pass

Status

Established barrier-island market

Costs & Fees

HOA

Most single-family homes none, attached product carries fees

CDD

None

Worth noting

Flood and wind insurance are the defining costs

Amenities

Water

Deep-water docks and intracoastal access

Beach

Gulf beaches a short walk

Boating

John's Pass and Gulf access nearby

Setting

Quiet barrier-island enclave

Location

Area

Treasure Island, Pinellas County, ZIP 33706

Access

Gulf Boulevard and the bridges to the mainland

City

Downtown St. Petersburg across the bay

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

The Interior or Attached Entry

Non-waterfront homes and any nearby attached product, the more attainable way onto the island.

Lowest entry
The Deep-Water Core

Single-family canal homes with private docks, the heart of the Capri Isle market.

Most inventory
The Top

The premier deep-water and open-water homes at higher elevations, the properties that hold value best.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

The Interior or Attached Entry
Non-waterfront homes and any nearby attached product, the more attainable way onto the island.
The Deep-Water Core
Single-family canal homes with private docks, the heart of the Capri Isle market.
The Top
The premier deep-water and open-water homes at higher elevations, the properties that hold value best.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Location within Treasure IslandStrong
Established communityPositive
HOA and CDD postureConfirm per parcel
Home condition and systemsVerify per home
Flood read per lotVerify per address

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Capri Isle

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The dock and the sunset sell the home, but the island prices the risk. The deal is won or lost on elevation, the flood zone, the seawall, and insurability.

Jon Brooks · Founder, Momentum Realty
7.4B · Buy Score
Resale Strength7.4/10
Renovation Risk5.8/10
Location Efficiency8.6/10
Long-Term Defensibility7.6/10
Carrying Cost Advantage4.6/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Capri Isle is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Stellar MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Stellar MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Stellar MLS; for orientation, not an appraisal.

15-Second Take
  • Higher-elevation waterfront holds value and insures better
  • Deep-water frontage commands the premium
  • Seawall and dock condition drive value
  • Flood zone and elevation certificate are decisive
  • Read the parcel and the insurance before the dock

On a barrier island, the parcel and its elevation are the part of your money the market and the insurer both judge. Higher-elevation deep-water homes with sound seawalls hold value and insure better than low-lying or poorly protected parcels. The house can be renovated or elevated; the flood zone and the frontage cannot. Read the elevation, the flood zone, the seawall, and the insurance first, then price the home against comparable waterfront sales.

Capri Isle in 15 seconds.

Best forBuyers who want a deep-water home with a private dock minutes from the Gulf.
Biggest advantageDirect intracoastal and Gulf access on a Treasure Island enclave.
Biggest riskFlood, wind, and insurance, plus elevation and rebuilding rules on a barrier island.
Sweet spotA higher-elevation deep-water home with a sound seawall, matched to comps.
Avoid ifYou want low insurance costs, an inland home, or a master-plan community.

Fees, Flood & Insurance

15-Second Take
  • Most single-family homes have no mandatory HOA
  • Flood and wind insurance are the defining costs
  • Seawall and dock upkeep are real waterfront costs
  • Verify short-term-rental and elevation rules
  • No CDD on the island

Most single-family homes in the Capri Isle enclave carry no mandatory HOA, while any nearby condo or villa product carries association fees. There is no CDD. The defining costs are flood and wind insurance and the upkeep of the seawall and dock, not association dues. Confirm what applies to the specific home.

For single-family homes, budget flood and wind insurance, seawall and dock upkeep, and any city requirements rather than HOA dues. For any attached product, verify the association fee, reserves, and master flood and wind coverage.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Capri Isle, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping St. Pete Beach North, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Capri Isle home worth?

Get a no-obligation home value based on real comparable sales in Capri Isle matched to your condition, lot, and view, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Capri Isle on the map →
Or get your Capri Isle home value & selling guide →

Real comps, not a Zestimate.

The real cost & risk here

Before the list price, the Florida math the portals skip. These are Pinellas County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.

$2,026/mo
Pinellas County typical true cost to own
$159/mo
Pinellas County typical home insurance
Check CDD
Confirm before you offer

County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.

Capri Isle Market Scorecard

Thin data

Capri Isle is currently a thin data. Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
n/a
Median sold
n/a
Per sqft
n/a
Days on mkt
0/0/0
Active/Pend/Sold

Go deeper: true cost calculator · affordability calculator.

Live data: Stellar MLS, distributed by MLS GRID, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Capri Isle?
Capri Isle is a waterfront enclave on a barrier island in Treasure Island, Pinellas County, ZIP 33706, overlooking Boca Ciega Bay and minutes from John's Pass and the Gulf.
What kind of homes are in Capri Isle?
Primarily single-family deep-water homes with private boat docks on the intracoastal waterway, a short walk from the Gulf beaches.
Is this a vacation-rental building?
No. Capri Isle is a single-family deep-water enclave, not a single nightly-rental building. That said, Treasure Island is a heavy short-term-rental market, so verify the rental rules and the residence-versus-rental mix for a specific property.
Do homes here have docks?
Many Capri Isle homes sit on deep-water lots with private docks. Verify the seawall condition, the water depth, and any dock permitting for the specific home.
How important is the flood zone here?
Critical. This is a barrier island, so the FEMA flood zone, the base flood elevation, and the elevation certificate drive insurability and cost. Always verify them for the exact home.
What about insurance costs?
Flood and wind insurance are major line items on the island. Get real quotes for the specific home, and review the elevation certificate and wind-mitigation features, before you commit.
Does Capri Isle have an HOA?
Most single-family homes carry no mandatory HOA, while any nearby attached product carries fees. There is no CDD. The defining costs are flood and wind insurance and waterfront upkeep.
How close is Capri Isle to the Gulf?
The Gulf beaches are a short walk, and John's Pass Village is nearby. Confirm routes and times for your destination.
Are there rebuilding or elevation rules?
Yes. Barrier-island communities have substantial-improvement and elevation rules that can affect renovations and rebuilds. Confirm the current city and FEMA rules for the specific property.
Is Capri Isle a good investment?
Scarce deep-water island frontage supports long-term demand, but flood, wind, insurance, and rebuilding rules are real risks that must be underwritten. This is not a guarantee of future value.
Can I short-term rent a home here?
Treasure Island allows short-term rentals in many areas, but rules and any community restrictions vary. Verify the specific property's rental rules before buying if rental is part of your plan.
What should I check before buying in Capri Isle?
The flood zone and elevation certificate, real flood and wind insurance quotes, the seawall, dock, and water depth, and any rental and rebuilding rules.
Who is the best real estate agent for Capri Isle?
The best agent for Capri Isle is one who actively works Treasure Island and knows the community's pricing, HOA and CDD details, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Capri Isle.
How do I find a top Treasure Island real estate agent who knows Capri Isle?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Capri Isle and the wider Treasure Island area.
Can Momentum Realty connect me with an agent for Capri Isle?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Capri Isle purchase or sale - no call center and no pressure.
Buyers who want a deep-water home with private dock and Gulf accessExcellent fit
Boaters who want direct intracoastal and Gulf accessExcellent fit
Buyers comfortable underwriting flood, wind, and insuranceExcellent fit
Owners who value island waterfront frontageExcellent fit
Buyers who will verify flood zone, elevation, and seawallExcellent fit
Buyers who want a low-cost, low-insurance inland homeProbably not
Anyone unwilling to verify flood zone and elevationProbably not
Buyers who want a master-plan amenity communityProbably not
Buyers who need a short commute to inland jobsProbably not
Buyers unwilling to budget waterfront upkeep and insuranceProbably not

Get the inside read on Capri Isle

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Capri Isle home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Capri Isle specialist will reach out personally, usually the same day.

Thinking about hiring an agent here? How to find the best real estate agent in Capri Isle — what to look for, questions to ask, and your local expert.
Stellar MLS logoMLS GRID logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Listings courtesy of Stellar MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing; deemed reliable but not guaranteed by MLS GRID.

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