Caravel 1 Condo
Homes for Sale in Treasure Island, FL
True comps, carrying-cost math, and listings before the portals.
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.
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 a small community — 11 recorded sales on file, most recently in 2026 — too few for its own price trend. Here is the market around it.
Across Pinellas County, 6,909 homes are active and 1,852 pending (21% under contract).
Homes here are condominium.
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
- Mandatory HOA — confirm current dues
- 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.
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Frequently Asked Questions
How many homes are in Caravel 1 Condo?
What share of Caravel 1 Condo is owner-occupied?
When were the homes in Caravel 1 Condo built?
Do cash buyers compete in Caravel 1 Condo?
Who is the best real estate agent for Caravel 1 Condo?
How do I find a top Treasure Island real estate agent who knows Caravel 1 Condo?
Can Momentum Realty connect me with an agent for Caravel 1 Condo?
Should you buy in Caravel 1 Condo?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (3 streets, ZIP 33706)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| 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 your area comps.
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See how CARAVEL 1 CONDO fits the bigger picture — live prices, inventory, and Momentum Scores:
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