Under Construction. WATERFRONT LUXURY NEW CONSTRUCTION IN THE HEART OF TREASURE ISLAND WITH DIRECT OPEN WATER ACCESS AND GULF VIEWS FROM YOUR FRONT DOOR. Welcome to 10201 Gulf Blvd, a one of a kind brand new block construction waterfront estate perfectly positioned on open water in Treasure Island Florida. This exceptional residence offers 4,233 square feet of elevated living space, 5 full sized bedrooms, 4.5 bathrooms, and a rare 5 car tandem garage providing the ideal blend of luxury living, functionality, and income producing potential. Built for both durability and peace of mind, the home features high impact insulated windows and sliders, solid block construction, a brand new seawall, and a private elevator connecting all levels. Step outside to your resort style outdoor living space complete with a private pool, full exterior kitchen, and a brand new dock with allowance for a future boat lift making it effortless to enjoy true Florida waterfront living with direct intracoastal access. Inside, the home showcases a bright open concept layout designed for entertaining and everyday comfort. The chef's kitchen is outfitted with top of the line appliances, a natural gas powered cooktop, overhead range, built in espresso machine, and an oversized center island that anchors the space. Natural gas also services the dual tankless hot water systems, enhancing efficiency and performance throughout the home. Each bedroom is generously sized with ensuite bathroom access, offering privacy and flexibility for guests or short term rental use. The primary suite is a true retreat featuring an oversized walk in closet with custom built ins, a spa inspired bathroom with a soaking tub, and a dual head shower with rain features. Experience panoramic water views from every angle, with stunning Gulf of Mexico vistas from the front and expansive, unobstructed intracoastal views from the rear. Positioned directly across from beach access, this home offers the rare combination of immediate beach proximity and the serenity of open water living. Perfectly positioned for both lifestyle and convenience, this home is walking distance to the Florida famous Caddy's beachfront restaurant and also walking distance to Publix, allowing for easy access to dining, entertainment, and everyday essentials without ever needing to get in your car. Positioned within a transient zoning district, this property allows for short term rentals, making it an exceptional opportunity for investors seeking a high income producing vacation rental or a luxury second home in one of Florida's most desirable beach communities. This is a rare opportunity to own a 4,233 square foot new construction waterfront home in Treasure Island with direct boating access, Gulf views, walkability to top local attractions, and short term rental flexibility all in one premier location.