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About this home
116 85th Ave is a 1940-built home in Herrons Sub 7, Treasure Island. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,056 square feet of living space. Listed at $349,000 (about $330/sqft), 155 days on market. Flood zone AE - confirm flood insurance requirements with your lender.
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.
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$349,000
$330 per sq ft
Beds and baths
3 beds, 2 baths
Size
1,056 sq ft
Time on market
155 days
Year built
1940
Monthly payment
About $2,178/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,199 annual tax bill, insurance.
Flood zone
Zone AE
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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