Key Capri Condos, Treasure Island

Updated October 2026.

Key Capri is a waterfront condo community at 1 Key Capri on the Intracoastal side of Treasure Island, just south of Johns Pass, built between 1973 and 1976. It has two mid-rise buildings, an on-site marina and one to three bedroom units. It suits boaters, full-time residents and seasonal owners, and its six month rental minimum and no-dogs rule make it a poor fit for vacation rental investors and dog owners.

We are John and Nicole Kavaliauskas, licensed Florida Realtors with LoKation Real Estate. Here is what agent building pages and listing records show about Key Capri, and what to confirm with the association before you buy.

Key Capri quick facts

Item	Detail
Name	Key Capri Condominium
Address	1 Key Capri, Treasure Island, FL 33706 (units carry an E or W suffix for the East or West building)
Setting	Intracoastal waterfront, south of Johns Pass
Year built	1973 to 1976 per an agent directory; other sources give 1973, 1975 or 1976
Buildings and stories	Two buildings; one directory shows 7 floors each, a national building page shows 8 stories
Units	177 per an agent directory; 176 per a national building page
Floor plans	One, two and three bedroom, about 900 to 1,500 square feet
Rental minimum	6 months per an agent directory and a 2026 sale listing; confirm with the association
Pets	Cats allowed, no dogs, per agent directories; confirm with the association
Marina	On-site marina with boat slips; one source says 35 boats

Location and setting

An agent directory places Key Capri south of Johns Pass on the Intracoastal side of the island, with views of the Intracoastal and Johns Pass, and describes it as right across the bridge from Johns Pass. A listing site shows the community on a site of more than 5 acres. The Gulf beaches are across Gulf Boulevard rather than at the door, which is the tradeoff for bay side water access and boat slips.

For more on the town, see our Treasure Island guide.

Residences and amenities

A national building page lists one bedroom units of about 915 to 1,175 square feet, two bedroom units of about 1,175 to 1,470 square feet, and three bedroom units of about 1,500 square feet. A 2026 sale listing for a one bedroom unit in the West building shows 915 square feet with a one car garage space.

Building pages and listing records describe these shared amenities:

• An on-site marina with boat slips, a fishing pier with a cleaning station, and kayak and paddleboard launch and storage
• A heated pool, hot tub and saunas
• Tennis, pickleball and shuffleboard
• A fitness center, club room, billiards room, library and tiki hut
• Outdoor grills and a car washing area
• Covered or garage parking under the buildings, plus guest parking

Slip availability and rates are set by the association. Recent listings quote a per-foot rate with water and electric included, but confirm current availability, rates, any waiting list, and the maximum boat size before you buy for the dock.

A 2026 sale listing states that the Key Capri buildings have been fully remodeled and that the renovations are paid for. Ask the association to confirm what was done, when, and whether any related special assessment remains.

Rules buyers ask about

Rentals

An agent directory and a 2026 sale listing show a 6 month minimum lease. Key Capri is not a vacation rental community. Confirm the current minimum, how many leases are allowed per year, and the approval process with the association. Our guide to short-term rental rules on the Pinellas beaches explains how city and association rules fit together.

Pets

Agent directories say cats are allowed and dogs are not. A national building page shows one pet allowed. Get the current rule, including any limits on number and size, in writing from the association.

Security

A 2026 sale listing shows a 24-hour guard included in the association fee. Confirm current staffing with the association.

Building condition and condo law

Both buildings date from the 1970s and are well over three stories, so they fall under Florida’s milestone inspection law and the requirement to complete a structural integrity reserve study (SIRS) and fund reserves for the items it covers. For a waterfront community with a marina, request:

• The milestone inspection summary for each building, and whether a phase two inspection or repairs followed
• The most recent SIRS and the reserve funding schedule
• The current budget and annual financial statement
• Seawall and dock condition reports
• Twelve to 24 months of board minutes, and any adopted or proposed special assessments

We did not find public news reports about Key Capri specifically after Hurricanes Helene and Milton in 2024. Storm surge flooded large parts of Treasure Island in 2024, so ask how ground level parking, the marina, pool areas and building systems fared, how repairs were funded, and whether any insurance claims remain open. See our guides to Florida condo milestone inspections, reserves and SIRS and seawall and dock inspections in Pinellas.

Flood and insurance

A 2026 sale listing for a unit at Key Capri shows flood zone AE. Confirm the current zone and elevation details for your building, ask for the master policy declarations including wind and flood deductibles, and get your own HO-6 and flood quotes early. Our flood zones and insurance guide explains what AE and VE mean; the same principles apply on Treasure Island.

Buying or selling at Key Capri

Sales at Key Capri vary by building, floor, view, plan, renovation level and garage or slip access. Ask us for recent sales and current listings in the East and West buildings. You can contact us here or call (727) 955-1222.

If you own at Key Capri, see our Treasure Island home value page or request a home valuation. To compare other buildings, browse our Treasure Island condos index or our full list of beach condos by building.

Team Beachside is not affiliated with Key Capri Condominium or its association. Facts on this page come from listing records and third-party building pages available as of October 2026, and that data can be incomplete or inconsistent. Rules, fees, assessments, slip availability and building conditions change. Verify all information with the association and its governing documents, the City of Treasure Island, and your own inspector, insurer, lender and attorney before you rely on it. This is not legal, tax or insurance advice. John and Nicole Kavaliauskas are licensed Florida Realtors with LoKation Real Estate.