- 3 beds
- 1 bath
- 986 sqft
116 85th AvenueTreasure Island, FL, 33706
- Price per sqft
- $330
- Days on market
- 162
- Listed
- May 13
About this property
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 50x60 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.
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Projected rental revenue and ownership costs
Property details
- Property type
- Single Family Residence
- Street address
- 116 85th Avenue
- City
- Treasure Island
- State
- FL
- ZIP code
- 33706
- Year built
- 1940
- New construction
- No
- Faces
- South
- Rooms
- 3
- Building stories
- 1
- Living area
- 1,056 sqft
- Total building area
- 1,362 sqft
- Levels
- One
Price & sale history
| Date | Event | Price | Change from previous recorded asking price |
|---|---|---|---|
| Listed for saleMLS #TB8504922 | $349,000 | Not applicable |
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