by Global Lifestyle Properties

See Home Value
$435,000
● House - Off Market

121 86th TERRACE

TREASURE ISLAND, FL 33706
bedrooms
2 Beds
bathrooms
2 Baths
square feet
960 Ft²
$3,159
Est. Monthly
4.12%
Cap Rate

About This Property

With empathy and compassion, we bring to market this adorable beach cottage, a home that's ready for a new chapter. Though its sturdy structure weathered recent storms, the interior of the house has been fully stripped down to the studs, ensuring a clean slate for its next owner to build their dream beach retreat. All water damage has been removed, and you can rest assured that the foundation and structure are strong, with no need for a new roof (Replaced in 2018)! Uniquely, this property boasts two parking pads-a rare find in this area-which opens the door to the possibility of converting it into a duplex, offering both investment potential and versatility. Just a short walk to the beach, this blank canvas is ready for someone to bring it back to life and create a coastal haven of their own. Whether you envision a cozy cottage or a dual-living arrangement, this home is brimming with potential, awaiting a caring touch to make it shine so new memories can be made once again. Photos reflect the current condition of the home as well as the pre-storm condition of the home so you can see the potential of this beach cottage! Schedule your showing today!
Unit Size
960 Ft²
Days on Market
123 days
Land Size
0.07 acres
Price per sqft
$510
Property Type
House
Property Taxes
$753
HOA Dues
-
Year Built
1959

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Cap Rate Calculator

Last updated: 2 years ago (Stellar MLS #TB8318954)

Price History

Date / Event Date Event Price
May 9, 2025 Listed $555,000
Listed
Investor special! This is one of the most affordable properties available near the beach on Treasure Island, offering an exceptional opportunity in a sought after coastal area. Located just steps from the Gulf, this home is perfect for renovation, rental income, or resale upside. The property features two carports, two air conditioning units, two separate electric meters, two water heaters, and a firewall—making it ideal for multi-family use or future duplex conversion. The home is being sold as-is, providing a blank canvas for the right buyer. To make this opportunity even more accessible, the seller is offering owner financing with a large down payment!! Don't miss your chance to secure a property this close to the beach with built-in value and flexibility.
Mar 10, 2025 Sold
Sold
Feb 19, 2025 In contract -
In contract
Nov 22, 2024 Relisted $490,000
Relisted
Nov 16, 2024 In contract -
In contract
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Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 7
  • Interior Walls Type: 17
  • 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: 3
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,997
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,440
  • Gross Building Area: 1,440
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERRONS SUB NO. 6
  • Land Acres: 0000000069
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: HERRONS SUB NO. 6 LOT 21

Neighborhood

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

Geography

  • Assessors Map Reference: 266
  • Account Number: R275352
  • District: TI
  • Subdivision Tract Number: 38412
  • Parcel: 25-31-15-38412-000-0210
  • Lot: 21
  • Meridian: SEC 25 TWN 31S RNG 15E
  • Municipality: TREASURE ISLAND
  • Latitude: 27.7518
  • Longitude: -82.7623

    Address

  • Full Address: 121 86th Ter
  • Address - House Number: 121
  • Address - Street Name: 86th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Treasure Island
  • Carrier Code: C007
  • 4-Digit Zip Code: 3303
  • Zip Code: 33706

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $763,808
  • Tax Rate Code Area: TI

    Appraisal Valuation

  • Standard Deviation: 0.0865
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 93
  • Final Value: 753,890
  • High Value: 819,149
  • Low Value: 688,631

    Market Valuation

  • Market Total Value: $496,423
  • Market Land Value: $398,839
  • Market Improvement Value: $97,584

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $496,423
  • Assessed Land Value: $398,839
  • Assessed Improvements Value: $97,584

    Sales

  • Current Sale Contract Date: Aug 26, 2016
  • Current Sale Recording Date: Aug 30, 2016
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016266331
  • Previous Sale Recording Date: Apr 29, 2004
  • Previous Sale Contract Date: Apr 23, 2004
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: 71
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 121 86th Terrace built and last sold?
The property at 121 86th Terrace was built in 1959 and last sold on Aug 26, 2016 for $365,000.
How much is this home worth?
The estimated value of the home located at 121 86th Terrace is $0.
What are some comparable homes to 121 86th Terrace?
There are currently no comparable homes to 121 86th Terrace.