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 Coasts 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
Address:116 85th Avenue , Treasure Island, FL 33706
Type:Single Family Residential
Status:For Sale
Price:
$349,000
Bedrooms:3
Full Bathrooms:2
Total Bathrooms:2
Interior Size:1,362 sqft
Lot Size:3,001 sqft
Year Built:1940
MLS ID:TB8504922
Presented by:
Emil Veltre
The Real Estate Pharmacy | Keller Williams Realty Portfolio Collection