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$349,000

116 85TH AVENUE, TREASURE ISLAND, FL 33706

Active144 days on market

Beds

3

Baths

2

Sq Ft

1,056 sq ft

Year Built

1940

Lot Size

0.07 acres

Garage

,

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.

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #TB8504922
StatusActive
Year Built1940
Stories1
Total Rooms3
ConstructionBlock, Wood Frame
RoofShingle
FoundationPillar/Post/Pier
FacesSouth
SubdivisionHERRONS SUB 7
CountyPinellas
OwnershipFee Simple

Interior Features

InteriorNinguno
FlooringOther
AppliancesNone
LaundryNone
CoolingNone
HeatingElectric

Exterior & Lot

ExteriorPrivate Mailbox, Private Yard
Lot Size0.07 acres (3,001 sq ft)
Lot Dimensions60 x 50
Road SurfacePaved
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected

Parking

GarageNo

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$349,000
Annual Taxes$2,199 (2025)
FinancingCash
Parcel #253115384300000110

Schools

ElementaryAzalea Elementary-PN
MiddleAzalea Middle-PN
HighBoca Ciega High-PN

Directions

Head South on Gulf Blvd passing the Treasure Island Causeway or make a left off the Causeway onto Gulf Blvd. Take 0.8 miles and make a right at light onto W Gulf Blvd. Take W Gulf Blvd 0.4 miles and turn left onto 85th Avenue. 116 85th Avenue is 3rd lot on the left!

Location

116 85TH AVENUE, TREASURE ISLAND, FL 33706

Listing Information

OfficeKELLER WILLIAMS REALTY PORTFOLIO COLLECTION
ListedMay 15, 2026

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Home Price

$349,000

20% ($69,800)
6.75%

Loan Term

Principal & Interest$1,811
Property Tax (est.)$320
Insurance (est.)$150
Total Monthly$2,281
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Nearby Schools

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: May 16, 2026.

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