About This Home

This 3-bedroom, 2-bathroom single family at 116 85TH Avenue in Treasure Island, FL is listed for $349,000 ($330 per sqft). Built in 1940, the home offers 1,056 sqft of living space on a 0.07 acres lot.

Key Features

  • Built in 1940
  • 0.07 acre lot

Property Details

1 story
2 full
1940
Listing Description

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.

Monthly Cost Estimate

$1,867/mo

20% down · 6.5% · 30 years

Principal$252
Interest$1,512
Insurance$102

Estimates only. Actual payments may vary.

Location

116 85TH Avenue

Treasure Island, FL 33706

HERRONS SUB 7

Features & Amenities

Interior Features

Ninguno

Exterior Features

Private MailboxPrivate Yard

Property Details

Construction

Block Frame

Heating

Electric (Heating)

Questions & Answers

This 3-bedroom, 2-bathroom single family at 116 85TH Avenue is listed at $349,000 ($330/sqft). The estimated monthly payment is $1,867 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 0.07 acre lot. Interior Features: Ninguno. Exterior Features: Private Mailbox, Private Yard.

This property is listed by Emil Veltre.

EV

Emil Veltre

Agent at Keller Williams Gulfside

Listed by Keller Williams Gulfside · Broker phone: (727) 489-0800 · View on Broker Site · Broker website

MLS# TB8504922· Source: Stellar MLS· 174 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

116 85TH Avenue, Treasure Island, FL 33706

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