1 KEY CAPRI 209E Under contract-accepting backup offers. STOP SCROLLING - THIS MAY BE THE BEST WATERFRONT VALUE ON TREASURE ISLAND! Now offered at an unbelievable $499, 000, this one-of-a-kind 2, 100 sq ft waterfront residence delivers mesmerizing water views, exceptional space, and endless possibilities within a gated 6-acre island community. Originally created by combining Units 209 and 21 1, this unique 3-bedroom, 3-bath condominium offers a rare opportunity to reimagine an expansive waterfront home tailored to your vision - or explore the potential of reconfiguring the space into two separate waterfront residences. It has been recently refreshed with interior paint and Berber-style carpeting. Residents enjoy an impressive collection of amenities including a geothermal heated pool and spa, tennis courts with pickleball, shuffleboard, fishing pier, fitness center, billiards room, social room, and boat slips available for separate lease. Item to note: Mandatory Milestone Condo Inspection Complete - currently NO ASSESSMENTS. Just a short stroll to the powder-white sands of the Gulf beaches, this property offers the perfect combination of waterfront tranquility and coastal convenience.