116 85TH AVENUE TREASURE ISLAND FL 33706 MLS #TB8504922

116 85TH AVENUE
TREASURE ISLAND, FL, 33706
$349,000
3 Beds
2 Baths
1,056 SqFt
0.07 Acres
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MLS #TB8504922 image #0
The structure may be lost — but the opportunity is extraordinary. Rare redevelopment opportunity in the highly sought-after Sunset Beach section of Treasure Island just a 1-minute walk to beach access and only 2 lots from West Gulf Blvd. This 1940 structure sustained severe storm impact from Hurricanes Helene & Milton and has been deemed substantially damaged. The home is uninhabitable and will require demolition. This is strictly a land-value opportunity for builders, developers, and investors seeking one of the Gulf Coast’s most supply-constrained beach communities. Positioned on a 50×60 RM-15 zoned lot in a quiet pocket of Sunset Beach surrounded by ongoing luxury redevelopment and multimillion-dollar coastal homes. Utilities are connected (currently off). FEMA substantial damage documentation available. No interior access permitted due to condition — exterior viewing only. Cash only. No Assignments. Sold AS-IS. Buyer to verify all zoning, rebuilding parameters, FEMA requirements, setbacks, future use, and redevelopment possibilities with the City of Treasure Island. Opportunities this close to the beach at this price point are becoming increasingly rare.

Property Details

Price:
$349,000
MLS #:
TB8504922
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
HERRONS SUB 7
Neighborhood:
33706passagrillebchstpetebchtreasureisl
Listed Date:
May 15, 2026
Finished Sq Ft:
1,056
Total Sq Ft:
1,362
Lot Size:
3,001 sqft / 0.07 acres (approx)
Year Built:
1940
33706 – Pass A Grille Bch/st Pete Bch/treasure Isl33706passagrillebchstpetebchtreasureislHerrons Sub 7Azalea Elementary-pnAzalea Middle-pnBoca Ciega High-pnProperty Zoned Rm-15 (multi-family) District: Properties In This District Can Be Rented For Any Duration, But Only Five (5) Times Within A 12-month Period.1-7 DaysPets Allowed

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Schools

Elementary School:
Azalea Elementary-PN
Middle School:
Azalea Middle-PN
High School:
Boca Ciega High-PN

Interior

Appliances
None
Bathrooms
2 Full Bathrooms
Cooling
None
Flooring
Other
Heating
Electric
Interior Features
Ninguno
Laundry Features
None
Levels
One

Exterior

Construction Materials
Block, Wood Frame
Direction Faces
South
Exterior Features
Private Mailbox, Private Yard
Roof
Shingle

Financial

Tax Year
2025
Taxes
$2,199

Map

Community

Subdivisions in TREASURE ISLAND

Market Summary

Current real estate data for Single Family in TREASURE ISLAND as of Jun 09, 2026
111
Single Family Listed
154
Avg DOM
820
Avg $ / SqFt
$1,533,851
Avg List Price

Property Summary

    Located in the HERRONS SUB 7 subdivision, 116 85TH AVENUE TREASURE ISLAND FL is a Single Family for sale in TREASURE ISLAND, FL, 33706. It is listed for $349,000 and features 3 beds, 2 baths, and has approximately 1,056 square feet of living space, and was originally constructed in 1940. The current price per square foot is $330. The average price per square foot for Single Family listings in TREASURE ISLAND is $820. The average listing price for Single Family in TREASURE ISLAND is $1,533,851.

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116 85TH AVENUE
TREASURE ISLAND, FL