106 E Bay DriveTreasure Island, FL 33706

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 were taken prior to the hurricane damage. The two exterior images are virtual renderings provided for inspiration only and illustrate one possible redevelopment concept with the structures elevated approximately 12 feet. Renderings are conceptual, not existing conditions, and are subject to local approvals and building requirements.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1938

Living area

2,016 Sq Ft

Lot size

0.07 acres

Lot dimensions

60x50

Ownership

Fee Simple

Days on market

148

MLS^® Listing#

TB8506589

Property Features

Interior

Open Floorplan

Cooling

Central Air · Zoned

Heating

Central · Zoned

Laundry

Inside

Construction

Stucco

Foundation

Slab

Roof

Shingle

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$6,041Tax year 2025

Parcel number

25-31-15-38394-000-0300

Directions

Gulf Blvd to Harrell Ave. E on Bay