Paradise Island
Homes for Sale in Treasure Island, FL

Paradise Island Add is a small waterfront-oriented pocket of Treasure Island in Pinellas County — 96 homes, mostly owner-occupied, with a housing stock that runs from post-war originals to recent rebuilds.

Stellar MLS sales records identify 265 homes in Paradise Island that have changed hands since 2004, built between 1948 and 2027 (median 1958), with a median living area of about 2,077 sq ft and a typical 3-bedroom, 2-bath layout; 98% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

County records show 6 qualified sales in Paradise Island across 2024–2025 (3 in 2024, 3 in 2025), median $1M — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

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.

Paradise Island 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), 408 homes closed in the last 12 months at a median of $731K ($492/sq ft), up 6.9% year over year, with a median 79 days on market. Right now 164 active and 32 pending listings put supply at about 5.6 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 Paradise Island specifically. Momentum Research analysis of MLS records.

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.

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.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.