House for Sale
$350,000
2 bd · 1 ba · 848 sqft
TREASURE ISLAND, FL 33706 · MLS# TB8504922 · Active · HERRONS SUB 7
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.
School assignments are provided by the listing and should be independently verified.
Estimate only — actual rates, taxes and insurance vary. Not a loan offer or financial advice. Financing through Matthew Gromadzki, NMLS #2560919 · Innovative Mortgage Services, Inc., NMLS #250769.
116 85TH AVENUE, TREASURE ISLAND, FL 33706 · See all Treasure Island homes for sale
116 85TH AVENUE is a single family home for sale in TREASURE ISLAND, FL 33706. This property was listed for sale on May 9, 2026 by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION, it's currently listed at $349,000. This listing's school district is Pinellas Public Schools. Nearby schools include Azalea Elementary-PN, Azalea Middle-PN and Boca Ciega High-PN. 116 85TH AVENUE is a 3-bed, 2-bath, 1,056 sqft single family home built in 1940.