Caravel 1
Condos for Sale in Treasure Island, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 11 closed sales in Caravel 1 Condo in Treasure Island, FL since 2014, the most recent in December 2025. Across Treasure Island as a whole, 134 homes closed in the last 12 months at a median of $910,000, 84 median days on market, with 71 homes for sale today. At that median and Pinellas County's FY2025-26 rate of 19.39 mills, annual property tax runs about $17,640 ($16,830 with the full homestead exemption).
Caravel 1 is a small condo community in Treasure Island, nine homes built between 1971 and 1984 with a median living area right around 1,045 square feet. At this size, price here is driven far more by condition, floor, and view than by square footage — the units are close enough in scale that what sets one apart is what has been done to it and what it looks at.
With only nine homes and a single closing in the current window, this is a thin, low-turnover market. Sellers should expect pricing to be set by the last comparable sale and the specific condition of the unit rather than a deep run of recent data. Buyers should be patient and ready to move when the right unit lists, because inventory does not come often.
Nearby homes for sale
No active listings inside Caravel 1 Condo right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Caravel 1 is a compact, older Treasure Island condo community of nine units where the homes are similar in size, so condition and location within the building carry the pricing conversation. Just under half of the units carry a homestead exemption, which points to a mix of primary residents and non-owner-occupied use.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Caravel 1 Condo is best for.
Best for
- Buyers seeking a coastal secondary or seasonal property in a small building
- Buyers comfortable underwriting an older condo's systems, reserves, and potential assessments
- Patient buyers willing to wait for the right unit in a low-turnover community
Probably not for
- Buyers who need move-in-ready newer construction with no deferred maintenance risk
- Buyers who want a large floor plan, since units here center around 1,045 square feet
- Buyers who rely on a deep pool of recent comparable sales to justify a price
The market around Caravel 1 Condo
Caravel 1 Condo is too small for its own price trend, so here is the market around it.
In ZIP 33706, 429 homes are on the market and 15% are under contract — a slower corner of Treasure Island.
Across Pinellas County, 6,628 homes are active and 1,729 pending (21% under contract).
In ZIP 33706 (Treasure Island), 400 homes closed in the last 12 months at a median of $745K ($483/sq ft), up 6.3% year over year, with a median 82 days on market. Right now 169 active and 28 pending listings put supply at about 5.7 months — a buyer's market. See the live ZIP 33706 housing market and the Pinellas County market.
ZIP and county figures describe the wider market, not Caravel 1 Condo specifically. Momentum Research analysis of MLS records.
The Caravel 1 Condo buying strategy.
If we were buying in Caravel 1 Condo today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Caravel 1 Condo.
A small building where condition is the story
The stock here dates to the early 1970s through mid-1980s, with a median build year of 1973. That vintage matters: buyers should underwrite for the systems, finishes, and reserves typical of a building of this age, and read the association documents carefully. In a nine-unit community, the health of the reserves and any assessments will affect your carrying cost as much as the purchase price.
Homestead share sits at roughly 44 percent, so a meaningful portion of these units are held as second homes or rentals. That can make for a quieter owner-occupied core than a fully residential building, and it means resale demand may lean toward buyers looking for a coastal secondary property. Confirm the association's rental rules before you assume either use is available to you.
The location and the amenities are priced into every listing in Caravel 1 Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A nine-unit building with almost no closings to reference rewards a broker who knows how to price off condition and building documents rather than a thick comp set. We read the association's financials, flag age-related risk before you write an offer, and set expectations honestly on how long a sale or purchase may take in a market this thin.
Caravel 1 Condo in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Caravel 1 Condo buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Caravel 1 Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Caravel 1 Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Caravel 1 Condo home worth?
Get a no-obligation home value based on real comparable sales in Caravel 1 Condo, 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 all homes for sale in Treasure Island →
Should you buy in Caravel 1 Condo?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: September 13, 2026) |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2014 (11 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Caravel 1 Condo fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about Caravel 1
Where is Caravel 1?
Caravel 1 is a community in Treasure Island, Pinellas County, Florida, ZIP 33706.
Are there homes for sale in Caravel 1 right now?
No active listings inside Caravel 1 at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Caravel 1 have an HOA or CDD?
No HOA is on record for Caravel 1 in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
Nearby Communities
Explore more neighborhoods near Caravel 1 with Momentum Realty’s local guides.
Caravel 1 Condo Market Scorecard
Caravel 1 Condo is currently a no active listings market. Limited supply, a median asking price of n/a.
Typical home value in the 33706 ZIP is $572,690, about 17.8% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.