Active

$349,000

Features:
  • 3 Bedrooms
  • 2 Bathrooms
  • 1056 sq ft
Overview
  • ID: MFRTB8504922
  • Bedrooms: 3
  • Bathrooms: 2
  • Size: 1056 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$349,000
HOA Fee:
N/A
Tax Amount:
$2199.3
Price per SqFt:
$330.49
Tax Legal Description:
HERRON'S SUB NO. 7 LOT 11
Exterior Features
Lot Size:
3001
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
2
Heating:
Electric
Cooling:
None
Appliances:
None
Furnished:
Yes
Floor:
Other
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1940
Construction Type:
Block, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Private Mailbox, Private Yard
Additional Features 2:
Property Zoned RM-15 (Multi-Family) District: Properties in this district can be rented for any duration, but only five (5) times within a 12-month period.
Map
  • Address
    116 85TH AVE
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