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For sale
  • Price increase: $65K (7/1)
    $1,450,000

    134 86th Ter, Treasure Island, FL 33706

    4beds
    4baths
    3,116sqft
    : 
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    Quadruplex, Multi Family
    Built in 1941
    -- sqft lot
    $-- Zestimate®
    $465/sqft
    $-- HOA

    What's special

    Fresh interior paintNew exterior decksUpdated kitchensUpdated electrical panelsCentral hvac
    Turnkey Beachside Quadplex | Sunset Beach, Treasure Island | Fully Leased Investment Opportunity Welcome to 135 86th Terrace, Treasure Island, an exceptional four-unit income-producing property located just steps from the sugar-white sands of Sunset Beach. Rarely does an investment opportunity combine a premier beach location, extensive renovations, professional management, and immediate cash flow into one turnkey package. This fully leased quadplex features four spacious 1-bedroom, 1-bathroom units, each approximately 750 square feet, thoughtfully renovated with modern flooring, fresh interior paint, updated kitchens, appliances, central HVAC, and attractive finishes designed to maximize tenant appeal. Every unit is occupied with annual leases in place, creating reliable, immediate rental income from day one. Recent capital improvements provide peace of mind for years to come, including new HVAC systems installed in 2025 with elevated condensers, new exterior decks, updated electrical panels, and convenient on-site indoor laundry facilities. Each unit also includes its own assigned outdoor storage area, providing tenants with dedicated space for beach chairs, bicycles, paddleboards, fishing gear, and other beach essentials. The low-maintenance design and recent upgrades make this a true plug-and-play investment. Beach access is directly across the street, allowing tenants to enjoy one of Florida's most desirable coastal lifestyles. Residents are within walking distance of local favorites including Caddy's Treasure Island and Ka'Tiki, while also enjoying convenient access to St. Pete Beach, Downtown St. Petersburg, Clearwater Beach, shopping, dining, entertainment, and Tampa International Airport. Current annual leases generate monthly rents of $1,975 (Unit 1), $1,975 (Unit 2), $1,800 (Unit 3), and $2,250 (Unit 4), providing immediate, stable cash flow in one of Tampa Bay's most desirable beach communities. Whether you're expanding your rental portfolio, completing a 1031 Exchange, or utilizing a DSCR loan to acquire a cash-flowing asset, this property checks every box for today's investor. Opportunities like this are increasingly difficult to find—a professionally managed, fully occupied, recently renovated beachside quadplex in a prime location with immediate income and long-term appreciation potential. PLEASE DO NOT DISTURB TENANTS OR WALK THE PROPERTY WITHOUT A CONFIRMED APPOINTMENT. Private showings are available by appointment only.
    9 days
    |
    545
    |
    20
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Estelia Mesimer 727-686-2859,

    COLDWELL BANKER REALTY 727-360-6927

    Source: Stellar MLS,MLS#: TB8524476MLS LogoOriginating MLS: Suncoast Tampa

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Rooms
      • Room types: Utility Room
      Heating
      • Electric
      Cooling
      • Central Air
      Appliances
      • Included: Convection Oven, Dryer, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
      • Laundry: Common Area, Electric Dryer Hookup, Inside, Outside, Same Floor As Condo Unit, Washer Hookup
      Features
      • Ceiling Fan(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Walk-In Closet(s)
      • Flooring: Laminate, Luxury Vinyl, Hardwood
      • Basement: Crawl Space
      • Has fireplace: No
      Interior area
      • Total structure area: 3,660
      • Total interior livable area: 3,116 sqft

      Property

      Features
      • Exterior features: Other
      Lot
      • Size: 4,064 Square Feet
      • Dimensions: 80 x 50
      Details
      • Parcel number: 253115384120000270
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex, Multi Family
      Materials
      • Other
      • Foundation: Pillar/Post/Pier
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1941

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Public, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: HERRONS SUB 6
      HOA
      • Has HOA: No
      Location
      • Region: Treasure Island

      Financial & listing details

      • Price per square foot: $465/sqft
      • Tax assessed value: $975,000
      • Annual tax amount: $15,738
      • Date on market: 7/1/2026
      • Cumulative days on market: 116 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/1/2026Price change$1,450,000+4.7%$465/sqft
        Source: Stellar MLS #TB8524476 Report a problem
        4/3/2026Price change$1,385,000-1.1%$444/sqft
        Source: Stellar MLS #TB8451714 Report a problem
        1/8/2026Price change$1,400,000-6.7%$449/sqft
        Source: Stellar MLS #TB8451714 Report a problem
        11/26/2025Listed for sale$1,500,000+130.7%$481/sqft
        Source: Stellar MLS #TB8451714 Report a problem
        5/1/2025Sold$650,300-23.4%$209/sqft
        Source: Public Record Report a problem
        3/31/2022Sold$849,000+2.9%$272/sqft
        Source: Public Record Report a problem
        9/30/2021Listed for sale$825,000+34.1%$265/sqft
        Source: Stellar MLS #U8138527 Report a problem
        2/12/2018Sold$615,000-5.2%$197/sqft
        Source: Public Record Report a problem
        1/30/2018Pending sale$649,000$208/sqft
        Source: EXIT BAYSHORE REALTY #T2914743 Report a problem
        1/4/2018Price change$649,000-7.1%$208/sqft
        Source: EXIT BAYSHORE REALTY #T2914743 Report a problem
        11/18/2017Listed for sale$698,500+99.6%$224/sqft
        Source: EXIT BAYSHORE REALTY #T2914743 Report a problem
        3/10/2015Sold$350,000+0%$112/sqft
        Source: Public Record Report a problem
        12/15/2014Listed for sale$349,900+30.3%$112/sqft
        Source: Re/Max Metro #U7719474 Report a problem
        9/5/2013Listing removed$975
        Source: Postlets Report a problem
        8/7/2013Listed for rent$975
        Source: Zillow Rental Network Report a problem
        3/23/2012Sold$268,500$86/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$15,738 -0.9%$975,000 +1%
        2023$15,878 +58.4%$965,000 +72.3%
        2022$10,027 +13.4%$560,212 +11.2%
        2021$8,844 +10.4%$503,628 +10%
        2020$8,010 +3%$457,844 +4%
        2019$7,775 $440,160 +38.1%
        2018$7,775 +38.3%$318,684 -4%
        2017$5,624 +1.9%$332,039 +9.3%
        2016$5,517 +4.6%$303,914 +4.4%
        2015$5,274 +8.4%$291,113 +7.6%
        2014$4,863 +11.9%$270,515 +18%
        2013$4,345 +5.2%$229,330 +4%
        2012$4,132 $220,607 -15.1%
        2011-- $259,754 -3.9%
        2010-- $270,397 -19.1%
        2009-- $334,313 -19.7%
        2008$7,315 $416,300 -14.5%
        2007-- $486,800 +23.8%
        2005-- $393,200 +47%
        2004$5,136 +5.4%$267,400 +6.1%
        2003$4,872 -9.3%$252,100 +0.8%
        2002$5,374 $250,000 -9%
        2001$5,374 +68.7%$274,600 +64.3%
        2000$3,186 $167,100
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33706

        Getting around

        38 / 100
        Car-Dependent
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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