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View from Balcony Off Master Br (Pre-Sunset)
Live on a PRIVATE ISLAND - in a Gated Community - in Treasuree island - overlooking Johns Pass!!
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1 Key Capri Unit 502eTreasure Island, FL, 33706

2beds
2baths
1,175sqft
Condominium
Built in 1973
$454,900
For sale
$495,000−$40,100 (8%)
Price per sqft
$387
Days on market
530
Listed
May 9, 2025
Last reduction
−$15,000
Mar 27, 2026
MLS #TB8381558Updated Oct 11, 2026

About this property

Ask about BOAT SLIP availability … What if you could trade maintaining a home for a true maintenance-free waterfront lifestyle… in a gated, private island community with great views of Johns Pass and all of its activity? Well, WELCOME to Key Capri. …. for $485/month, your condo fee covers the cable, internet / Wi Fi, water, sewer, trash, security, landscaping, pool service, building maintenance, and more. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Now, ADD IN: Building insurance (hazard, wind, flood): approx. $327/month … Reserves: $419/month (your share of over $860,000/year being set aside this year) … The Result: a well-funded, fiscally responsible association—and still a strong value compared to owning a single-family waterfront home nearby, all costs considered ... Consider: Just the Insurance Costs alone in a nearby waterfront home easily approaches the monthly maintenance / UPKEEP fees here

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This corner unit features a preferred southwest exposure (more winter sun, less summer heat) and three private balconies—living room, primary suite, and guest bedroom—each with a view of either the marina, pool or Johns Pass

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From the primary suite, enjoy Sunset Hour nightly and the direct views of Johns Pass and the bridge, marina, and Gulf activity—boats, dolphins, charters, even pirate ships … Split-bedroom floor plan for privacy … Bright, breezy corner location (fewer shared walls) … Sixth-floor elevation above parking for panoramic views

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Move-in ready with: Updated kitchen … Tile baths and new quartz countertops … Lightly used as a second home for approx. 15 years … most furnishings are negotiable … Includes: In-unit laundry … Under-building assigned parking and private storage shed in your parking spot

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Resort-style amenities on a PRIVATE GATED ISLND : Heated/cooled pool & spa • marina • fishing dock • kayak launch • fitness center • BBQ area • pickleball/tennis • billiards • social room • tiki hut with wet bar • putting green • walking path around the island

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       With a newer roof, some $1.9M in recent updates, and pricing at roughly half the cost of a waterfront lot or flood-impacted home, this is a compelling alternative to single-family ownership. ... Schedule your showing and see why Key Capri remains one of Treasure Island’s best-kept waterfront secrets.

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Property details

Property type
Condominium
Street address
1 Key Capri Unit 502e
City
Treasure Island
State
FL
ZIP code
33706
Year built
1973
New construction
No
Faces
Southwest
Rooms
3
Building stories
1
Living area
1,175 sqft
Total building area
1,175 sqft
Levels
One

Stellar MLSThe data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; the availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.Stellar (MFR) data last updated at October 20, 2026 at 8:01 AM EDT

Price & sale history

Asking price reduced by $40,100 (8.1%) since first listed.

EventPrice
Price reducedMLS #TB8381558$454,900Change: −8.1%−$40,100
Listed for saleMLS #TB8381558$495,000
History may be incomplete.
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Location

View from Balcony Off Master Br (Pre-Sunset)
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