by Global Lifestyle Properties

Check Availability
$349,000
● House - For Sale

116 85TH AVENUE

TREASURE ISLAND, FL 33706
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,056 Ft²
$1,897
Est. Monthly

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.
Unit Size
1,056 Ft²
Days on Market
134 days
Land Size
0.07 acres
Price per sqft
$330
Property Type
House
Property Taxes
$183
HOA Dues
-
Year Built
1940

Listed By

Emil Veltre
Emil Veltre
RE/MAX ACTION FIRST OF FLORIDA

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Last updated: 5 months ago (Stellar MLS #TB8504922)

Price History

Date / Event Date Event Price
May 9, 2026 Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION $349,000
Listed by KELLER WILLIAMS REALTY PORTFOLIO COLLECTION
Jan 6, 2017 Sold
Sold
Jul 1, 2016 Sold
Sold

Property Highlights

Interior Details
Full Bathrooms: 2
Interior Features: Ninguno
Appliances: None
Flooring Type: Other
Laundry Features: None
Rooms: 3
Exterior Details
Square Footage: 1056
Square Footage Source: $0
Year Built: 1940
Building Area Total: 1362
Levels: One
Building Area Units: Square Feet
Construction Materials: Block, Wood Siding
Lot Size Area: 3001
Lot Size Units: Square Feet
Lot Size Acres: 0.07
Lot Size Square Feet: 3001
Lot Size Dimensions: 60 x 50
Tax Lot: 11
Water Source: Public
Financial Details
Tax Annual Amount: $2,199
Lease Considered: Yes
Utilities Details
Cooling Type: None
Heating Type: Electric
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 25
  • Exterior Walls Type: 19
  • Interior Walls Type: 10
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 98
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,001
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,362
  • Gross Building Area: 1,362
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERRONS SUB NO. 7
  • Land Acres: 0000000069
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: HERRONS SUB NO. 7 LOT 11

Neighborhood

  • School District Name: Pinellas County School District
  • Census Tract: 027901

Geography

  • Assessors Map Reference: 266
  • Account Number: R275374
  • District: TI
  • Subdivision Tract Number: 38430
  • Parcel: 25-31-15-38430-000-0110
  • Lot: 11
  • Meridian: SEC 25 TWN 31S RNG 15E
  • Municipality: TREASURE ISLAND
  • Latitude: 27.751
  • Longitude: -82.762

    Address

  • Full Address: 116 85th Ave
  • Address - House Number: 116
  • Address - Street Name: 85th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Treasure Island
  • Carrier Code: C007
  • 4-Digit Zip Code: 3404
  • Zip Code: 33706

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $215,815
  • Tax Rate Code Area: TI

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 74
  • Final Value: 639,688
  • High Value: 762,178
  • Low Value: 517,197

    Market Valuation

  • Market Total Value: $383,400
  • Market Land Value: $364,636
  • Market Improvement Value: $18,764

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $177,001

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sunset Beach


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Frequently Asked Questions

When was property at 116 85th Avenue built and last sold?
The property at 116 85th Avenue was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 116 85th Avenue is $369,451.
What are some comparable homes to 116 85th Avenue?
There are currently no comparable homes to 116 85th Avenue.