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$675,000

106 E Bay Drive Treasure Island, FL 33706 Multi Unit - Multiple Active

  • 106 E Bay Drive , Treasure Island, FL 33706 Main Photo

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Description

Located in the heart of highly sought-after Sunset Beach, this rare tri-plex opportunity is just a 2-minute walk to the beautiful white sands of Sunset beach and surrounded by the laid-back beach lifestyle that makes Treasure Island so special. Walk to local beachfront restaurants, live music, coffee shops, bars, and entertainment, while enjoying one of the most charming and walkable beach communities on Florida's Gulf Coast. Previously operated as a highly successful short-term rental property, this unique beach compound consists of three separate units, including a main building with two apartments plus a detached standalone efficiency unit - offering endless possibilities for redevelopment, investment, vacation use, or future income potential. The property sustained flood damage during Hurricane Helene and wind damage during Hurricane Milton and is currently vacant and in disrepair. This is being marketed primarily for its exceptional location, lot value, and redevelopment potential. Renovate and reimagine the existing structures, elevate the property approximately 12 feet to create a future coastal retreat, or start fresh with brand-new construction. Opportunities like this in Sunset Beach are increasingly rare. This location places you minutes from everything beach living has to offer - waterfront dining, boating, fishing charters, dolphin cruises, parasailing, jet ski rentals, beach bars, live entertainment, and nightly sunsets over the Gulf. Whether you envision a luxury beach getaway, income-producing investment property, or a completely new coastal development project, the potential here is truly unmatched. Bring your vision and take advantage of this incredible opportunity to create something special in one of Tampa Bay's most beloved beach communities. Photos of the exterior were taken prior to the hurricanes.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air, Zoned
Heating: Central, Zoned
Lot Size: 0.07 Acres
Roof Type: Shingle
Taxes: $6,040
Year Built: 1938

General Information

Sqft: 2,016
County: Pinellas
Subdivision: HERRONS
Listed By:
Tamara Perez REALTY BUY DESIGN 813-451-9201

Amenities

Open Floorplan
Fence

Property Features

Annual Net Income: 0.00
Days on Site: 1
Directions: Gulf Blvd to Harrell Ave. E on Bay
Exterior: Stucco
Flood Zone Code: AE
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash
Lot Dimensions: 0.07
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: See Remarks
Special Sale Provisions: None
Utilities: Public
Water: Public
Water Access Y/N: No
$675,000
2,016sqft
New to the Market Active
BEDS0 BATHS SQUARE FEET2,016 MLS#TB8506589
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHERRONS

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106 E Bay Drive , Treasure Island, FL 33706.

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Estimated Payment

$ 2,976.87 per month $2,276.66 Principal & Interest $503.33 Property Tax $196.88 Homeowner's Insurance

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