116 85th Ave Front - 116 85TH AVE, TREASURE ISLAND
116 85th Ave Right Side - 116 85TH AVE, TREASURE ISLAND
116 85th Ave Left Side - 116 85TH AVE, TREASURE ISLAND
116 85th Ave Back - 116 85TH AVE, TREASURE ISLAND
Recent Luxury Gulf Front Build - 116 85TH AVE, TREASURE ISLAND
Beach Access - 280 Feet from 116 85th Ave - 116 85TH AVE, TREASURE ISLAND
Next Luxury Gulf Front Build To The Left of Beach Access - 116 85TH AVE, TREASURE ISLAND
7 photos

$349,000

116 85TH AVE
TREASURE ISLAND, FL 33706
Listed by Emil Veltre · KELLER WILLIAMS REALTY PORTFOLIO COLLECTION
Bedrooms
3
Bathrooms
2
Living area
1,056 sqft
Year built
1940

About this home

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.

Property details

MLS
Stellar MLS
MLS #
MFRTB8504922
Property type
Single Family Residence
Subdivision
HERRONS SUB 7
Status
Active
Days on market
1
On market date
May 15, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.07 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
GULF BEACHES ELEMENTARY MAGNET SCHOOL
0.44 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
306
Student:teacher ratio
13.3:1
District
PINELLAS
Middle
AZALEA MIDDLE SCHOOL
3.07 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
807
Student:teacher ratio
18.8:1
District
PINELLAS
HighCharter
ST. PETERSBURG COLLEGIATE HIGH SCHOOL
2.71 mi away · Grades 10-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
240
Student:teacher ratio
48.0:1
District
PINELLAS

Walkability

Blended score for TREASURE ISLAND's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

61
Walkable
out of 100
EPA National Walkability Index
9.0 / 20 -- Below average walkable
Google Places amenity density
85 / 100
Restaurants & cafes20
Grocery stores2
Parks14
Schools7
Transit stops20
Pharmacies1

Market position

How this listing compares to current activity in TREASURE ISLAND, from live MLS data.

On the market 1 days -- 133 fewer days than TREASURE ISLAND's current average of 134 days.
For reference, the median list price across 326 active listings in TREASURE ISLAND right now is $582,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,252/mo
$69,800 down
$279,200 loan
Principal & interest$1,811
Property tax (est.)$291
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated May 16, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.