106 Bay Drive, FL
Stellar MLS

$675,000

106 Bay Drive

Treasure Island, FL 33706

Listing updated: May 9, 2026 at 6:52 AM ET

Active
5
Beds
4
Baths
2,016
Sq Ft
0.07
Acres
1938
Built
$335/sqft360° tour
Single Family Residence

Property type

1938

Year built

3,019 sqft

Lot size

$335

Price / sq ft

No HOA

HOA dues

1

Day on market

AE

Flood zone

About this home

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.

Local Insight

At $335/sqft for an 85-year-old home in an AE flood zone, you're paying a significant premium for Treasure Island location and bayfront potential, so the real question is whether the bones justify a likely substantial renovation bill and mandatory flood insurance costs that will hit your annual expenses hard. The tight 0.07-acre lot limits expansion possibilities, and being built in 1938 means you're looking at potential foundation, electrical, and plumbing issues that a thorough inspection should absolutely confirm before committing. If the location and water views are non-negotiable for you, verify flood insurance rates now—they've been climbing, and that can easily swing your true cost of ownership.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$3,413
Property taxes$503
Home insurance (est.)$309

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history1 days on market

  1. Status: Active
    May 8, 2026
  2. Listed$675,000
    May 8, 2026
  3. Price increased$675,000

Virtual Tour

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Active
Days on market
1
Subdivision
Herrons Sub 5
County
Pinellas
Year built
1938
Living area
2,016 sq ft
Price/sq ft
$335
Lot size
3,019 sq ft
Lot category
0 to less than 1/4
Flood zone
AE (12103C0194H)
Annual taxes
$6,041 (2025)
Parcel #
25-31-15-38394-000-0300
MLS #
TB8506601

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Interior Details

Bedrooms
5
Full bathrooms
4
Flooring
Ceramic Tile
Appliances
None
Interior features
Ceiling Fans(s)
Laundry
Inside
Stories / Levels
Two
Direction faces
South

Heating & Cooling

Heating
Central, Zoned
Cooling
Central Air, Zoned

Parking

Attached garage
No

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Min lease term
No Rent
Listing terms
Cash
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
No

Exterior & Construction

Exterior features
Balcony
Construction materials
Stucco
Roof
Shingle
Foundation
Slab
Road surface
Paved

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Public

Room Details

RoomLevelDimensions
KitchenFirst
Primary BedroomFirst
Living RoomFirst

Listing Details

Listing date
2026-05-08
On market date
2026-05-08
Original list price
$675,000
Occupant type
Vacant
MLS area
33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Listing AOR
Suncoast Tampa
Status changed
2026-05-08
Tax legal description
HERRON'S SUB NO. 5 LOT 30

Flood risk

High riskFEMA Zone AEPanel 12103C0194H

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

Gulf Blvd to Harrell Ave. E on Bay

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of May 9, 2026 at 6:52 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA