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.
For sale
$349,000
116 85TH AVENUE, TREASURE ISLAND, FL 33706
3beds
1,056sqft
Single Family Residence
Built in 1940
3,001 Square Feet Lot
$327,300 Zestimate®
$330/sqft
$-- HOA
What's special
- 108 days
- 1,011
- 19
Zillow last checked:
Listing updated:
Listed by:
Emil Veltre 727-667-5592,
KELLER WILLIAMS REALTY PORTFOLIO COLLECTION 727-489-0800
Source: Stellar MLS,MLS#: TB8504922
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: No Closet
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- None
Appliances
- Included: None
- Laundry: None
Features
- None
- Flooring: Other
- Has fireplace: No
Interior area
- Total structure area: 1,362
- Total interior livable area: 1,056 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Private Mailbox, Private Yard
Lot
- Size: 3,001 Square Feet
- Dimensions: 60 x 50
Details
- Parcel number: 253115384300000110
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Wood Frame
- Foundation: Pillar/Post/Pier
- Roof: Shingle
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: HERRONS SUB 7
HOA
- Has HOA: No
Location
- Region: Treasure Island
Financial & listing details
- Price per square foot: $330/sqft
- Tax assessed value: $349,532
- Annual tax amount: $2,199
- Date on market: 5/15/2026
- Cumulative days on market: 22 days
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$327,300
$311,000 - $344,000
$3,668/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Listed for sale | $349,000$330/sqft |
Source:  Stellar MLS #TB8504922 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,199 -3.3% | $179,588 -4.4% |
| 2024 | $2,274 +2% | $187,780 +3% |
| 2023 | $2,230 +3.3% | $182,311 +3% |
| 2022 | $2,158 -1.3% | $177,001 +3% |
| 2021 | $2,187 +1.2% | $171,846 +1.4% |
| 2020 | $2,161 +2% | $169,473 +2.3% |
| 2019 | $2,117 | $165,663 +1.9% |
| 2018 | $2,117 +2.3% | $162,574 +2.1% |
| 2017 | $2,069 +2.3% | $159,230 +2.1% |
| 2016 | $2,023 -2% | $155,955 +0.7% |
| 2015 | $2,064 +0.6% | $154,871 +0.8% |
| 2014 | $2,052 +19.3% | $153,642 +14.2% |
| 2013 | $1,720 -2.7% | $134,542 +0.9% |
| 2012 | $1,768 | $133,285 +10.5% |
| 2011 | -- | $120,646 -26.1% |
| 2010 | -- | $163,235 -1.6% |
| 2009 | -- | $165,842 -27.9% |
| 2008 | $4,042 | $230,000 -14.4% |
| 2007 | -- | $268,700 +1.9% |
| 2005 | -- | $263,700 +53.7% |
| 2004 | $3,296 +8.1% | $171,600 +8.8% |
| 2003 | $3,048 +14.7% | $157,700 +3.8% |
| 2002 | $2,658 | $151,900 +11.9% |
| 2001 | $2,658 +37.7% | $135,800 +34.2% |
| 2000 | $1,930 | $101,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 33706
Nearby schools
Schools provided by the listing agent
- Elementary: Azalea Elementary-PN
- Middle: Azalea Middle-PN
- High: Boca Ciega High-PN
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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