Paradise Island 5Th Add
Homes for Sale in Treasure Island, FL
True comps, carrying-cost math, and listings before the portals.
Price on Paradise Island 5Th Add is driven by condition and structure, not a tidy per-square-foot formula. With a median build year of 1968 and homes stretching from 1948 to 2021, you are looking at a street where a mid-century original sits next to a modern rebuild. That spread means the number on any given listing tells you as much about how far a home has been updated — or replaced — as it does about the location.
The median living area of roughly 2,544 square feet points to real houses, not starter boxes. With a homestead share near 70%, most of these homes are held as primary residences rather than churned as rentals, which tends to keep supply measured. Buyers should underwrite the home in front of them on its own condition; sellers should be honest about where their property lands on the original-to-renovated scale, because that is what the market is pricing.
Who Paradise Island 5Th Add is best for.
Best for
- Buyers targeting a primary residence in Treasure Island who can budget for inspection and potential updates on an older home
- Buyers who want meaningful living space and are comfortable evaluating a home on its own condition rather than an area price
- Buyers seeking a small, established owner-occupied pocket over a large uniform subdivision
Probably not for
- Buyers who need every home to feel new and consistent in age and finish
- Buyers who want a simple per-square-foot price and are unwilling to underwrite condition and flood exposure individually
- Buyers looking primarily for a rental-heavy, high-turnover street
The market around Paradise Island 5Th Add
Paradise Island 5Th Add is a small community — 26 recorded sales on file, most recently in 2025 — 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).
The housing mix here is 97% single family residence, 3% ?.
ZIP and county figures describe the wider market, not Paradise Island 5Th Add specifically. Momentum Research analysis of MLS records.
The Paradise Island 5Th Add buying strategy.
If we were buying in Paradise Island 5Th Add 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 Paradise Island 5Th Add.
A rebuild-driven street, not a uniform subdivision
The build range here — 1948 to 2021 — is the single most important thing to understand before you shop. A community with a 1968 median and homes as new as 2021 is one where lots have been redeveloped over decades, so two houses a few doors apart can be entirely different products. Expect to evaluate elevation, systems, and flood posture individually rather than assuming a neighborhood standard.
At a median near 2,544 square feet, the housing here has room to work with, and the roughly 70% homestead share suggests an established, primary-residence character rather than a transient rental block. For a buyer, that argues for careful inspection and clear-eyed pricing of updates. For a seller, it argues for documenting exactly what has been done to the home, because condition — not a blanket area price — is what carries value on this street.
The location and the amenities are priced into every listing in Paradise Island 5Th Add. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a 96-home pocket where a 1948 original and a 2021 rebuild can sit on the same block, comps are only useful if you adjust honestly for condition and structure. We price and negotiate on the specifics of each property — age, updates, elevation, and living area — rather than leaning on a neighborhood average that hides more than it reveals.
Paradise Island 5Th Add 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 Paradise Island 5Th Add 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 Paradise Island 5Th Add sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Paradise Island 5Th Add, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Paradise Island 5Th Add home worth?
Get a no-obligation home value based on real comparable sales in Paradise Island 5Th Add, 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 Paradise Island 5Th Add?
What share of Paradise Island 5Th Add is owner-occupied?
When were the homes in Paradise Island 5Th Add built?
Do cash buyers compete in Paradise Island 5Th Add?
Who is the best real estate agent for Paradise Island 5Th Add?
How do I find a top Treasure Island real estate agent who knows Paradise Island 5Th Add?
Can Momentum Realty connect me with an agent for Paradise Island 5Th Add?
Should you buy in Paradise Island 5Th Add?
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 (2 streets, ZIP 33706)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2012 (15 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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