Ari AbdiTampa Bay Luxury · 1 Realty Group LLC
Luxury › Markets › Pinellas › Treasure Island
Pinellas County · City report

Luxury homes in Treasure Island

Treasure Island has 5 luxury pockets where the median closing is $1M or more: 15 closed sales in the last 6 months at a median $1.63M and $689 per square foot, with 23 on the market today. Median 226 days to contract — time is on the buyer's side in Capri Isle, Treasure Island.

Luxury pockets
5
median $1M+
Median closing
$1.63M
15 sales · 6 months
Per square foot
$689
city luxury benchmark
For sale now
23
across all pockets

What stands out in Treasure Island

If you are buying

Median 226 days to contract — time is on the buyer's side — Capri Isle, Treasure Island

Luxury homes in Capri Isle (Treasure Island) take a median 226 days to go under contract, and 75% of sellers cut price along the way. A listing that has been sitting past that median is the negotiation; one that just came on is not.

If you are selling

Sellers here start about 14% above what buyers actually pay — Capri Isle, Treasure Island

Across 4 closed homes in Capri Isle (Treasure Island), the median sale came in at 86% of the ORIGINAL asking price, and 75% of those sellers cut their price before they found a buyer. Median time to contract was 226 days. At this price point that opening number costs real money: the first two weeks of buyer attention are spent on a number the market has already rejected.

If you are buying

Median 183 days to contract — time is on the buyer's side — Mansions By the Sea Condo, Treasure Island

Luxury condos in Mansions By the Sea Condo (Treasure Island) take a median 183 days to go under contract, and 33% of sellers cut price along the way. A listing that has been sitting past that median is the negotiation; one that just came on is not.

If you are buying

About 13.8 months of luxury inventory — buyers set the pace — Mansions By the Sea Condo, Treasure Island

7 condos are for sale in Mansions By the Sea Condo (Treasure Island) against 3 closings in 6 months. At that absorption rate a listing added today waits behind the queue. For a buyer that is leverage; for a seller it is the single most important number on this page.

If you are selling

75% cut their price and it still took 226 days — Capri Isle, Treasure Island

In Capri Isle (Treasure Island) the price cut is being used as a strategy and it is a slow one. A cut that trails the market never catches it: each reduction lands where the market already was, and the listing ages while it chases. The alternative is one correct number at the start, which is a conversation worth having before the photographs are taken.

If you are buying

Buyers here closed a median 14% below the original ask — Capri Isle, Treasure Island

4 closed homes in Capri Isle (Treasure Island) over the last 6 months settled at 86% of the price they were first listed at and 96% of the final ask. Offers here should be argued from the closed sales, not from the asking price.

Every luxury pocket in Treasure Island

PocketMedian$/sfSalesFor saleMonths
Capri Isle
Single-family · Median 226 days to contract — time is on the buyer's side
$2.35M $776 4 5 7.4
Mansions By the Sea Condo
Condo · Median 183 days to contract — time is on the buyer's side
$1.1M $695 3 7 13.8
Isle of Palms 1st Add
Single-family · Median 116 days to contract — time is on the buyer's side
$1.1M $503 3 5 9.9
Isle of Palms
Single-family
$1.63M $689 1 2 11.8
Isle of Palms 2nd Add
Single-family
$2.02M $580 4 4 5.9

Pockets without a link had fewer than three closed sales in the window — too thin for a reliable benchmark, which is worth knowing in itself. Ask me directly about those.

What the whole market has measured

Selling
33%

of $1M+ homes listed January 2024 to October 2025 didn’t sell within a year, counting private sales.

Selling
97% → 90%

of the first price: an offer in the first 30 days, then after.

Buying
40% vs 25%

of homes in flood zone AE vs zone X didn’t sell within a year (listed since 2024).

Investing
$327/sq ft

was the typical break-even building budget on 341 lots and teardowns that became $1M+ homes since 2024.

What is actually happening with the property you are thinking about?

These pages carry market statistics, not a valuation. Tell me the property or the plan and I will put the analysis together myself.

I am