Under contract-accepting backup offers. Your Slice of Paradise Awaits! Welcome to the Isle of Palms, an idyllic Intracoastal neighborhood in Treasure Island, just steps away from the pristine sandy beaches of Treasure Island. This incredible property offers the perfect combination of location, lifestyle, and potential. Nestled on 5th St. East, the highest street in the neighborhood, this home enjoys breathtaking sunrise views over open water and sits on a deep-water lot, perfect for boating enthusiasts. The dock previously accommodated a 40-foot Scarab, offering ample space for your water toys and adventures. The home features a desirable split floor plan, presenting the option to restore its charm or start fresh by building your dream waterfront home or a perfect deep water lot to design your dream home. While the property experienced the rare 100-year storm of Hurricane Helene, its potential is undeniable. Located just minutes from restaurants, entertainment, grocery stores, and more, this property also provides convenient access to the heart of St. Petersburg, making it a perfect blend of tranquility and accessibility. Opportunities like this are rare-don't let it slip away!