$675,000
106 Bay Drive
Treasure Island, FL 33706
Listing updated: May 9, 2026 at 6:52 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
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
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
- Status: ActiveMay 8, 2026
- Listed$675,000May 8, 2026
- 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
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | First | |
| Primary Bedroom | First | |
| Living Room | First |
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
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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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