106 E BAY DRIVE, TREASURE ISLAND, FL 33706
HERRONS SUB 5 · Pinellas County
Key Facts
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. 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
Sub-Type
Single Family Residence
Year Built
1938
Stories
2
Living Area
2,016 sq ft
Lot Size
0.07 acres
Lot Dimensions
60x50
Ownership
Fee Simple
Days on Market
52
MLS® Listing#
TB8506601
Property Features
Exterior
Appliances
Cooling
Heating
Flooring
Laundry
Construction
Foundation
Roof
Sewer
Water Source
Rooms
- KitchenFirst
- Living RoomFirst
- Master BedroomFirst
Financial Details
HOA
None
Annual Taxes
$6,041
Tax year 2025
Parcel Number
25-31-15-38394-000-0300
Directions
Gulf Blvd to Harrell Ave. E on Bay
Affordability Calculator
$135,000
Estimated monthly payment
$3,593/mo
Principal $540,000 · Est. interest $753,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in TREASURE ISLAND, FL
- $695,215
- Median Listing Price
- 98
- Median Days on Market
- 1,718
- Median Sq Ft
- $468
- Median Price / Sq Ft
- 1,299
- Active Listings
- This home’s price is 3% below the area median.
- Its price per sq ft is 28% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in TREASURE ISLAND, FL.
Location
Points of Interest in TREASURE ISLAND, FL
Showing the TREASURE ISLAND area map.
Nearby Schools
Gulf Beaches Elementary School
Elementary · 0.5 mi away
St. John Vianney Catholic School
School · 0.5 mi away
St. Alban's Episcopal Day School
Elementary · 0.6 mi away
Pasadena Community Church School
School · 2.0 mi away
Pasadena Fundamental Elementary School
Elementary · 2.0 mi away
Argonauta Christian School
School · 2.4 mi away
Gingerbread School
School · 2.7 mi away
Pinellas County Schools
Elementary · 2.7 mi away
Community Christian School
School · 2.8 mi away
Gulfcoast Seventh-Day Adventist School
School · 2.9 mi away
Bear Creek Elementary School
Elementary · 3.0 mi away
Azalea Middle School
Secondary · 3.0 mi away
Our Savior Lutheran School
School · 3.2 mi away
Boca Ciega High School
Secondary · 3.2 mi away
Tyrone Square-North East Door
School · 3.3 mi away
de La Fontaine
School · 3.4 mi away
Sunflower Private School
Elementary · 3.5 mi away
Tyrone Middle School
Secondary · 3.6 mi away
Walden School
Elementary · 3.6 mi away
Pinellas Marine Institute
School · 3.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1844 CHATHAM VILLAGE Drive, Fleming Island, FL | $475,000 | 4 | 3 | 2,753 |
| 1460 CREEKS EDGE Court, Fleming Island, FL | $489,000 | 4 | 2 | 2,275 |
| 225 RICHLAND, MERRITT ISLAND, FL | $490,000 | 4 | 2 | 1,900 |
| 1629 SANDY SPRINGS Drive, Fleming Island, FL | $495,000 | 4 | 3 | 2,106 |
| 2299 S BROOK Drive, Fleming Island, FL | $496,000 | 4 | 3 | 2,855 |
| 1955 GUARDED Way, Fleming Island, FL | $499,000 | 4 | 2 | 2,303 |
Moving Cost Estimate
EXIT Agents in TREASURE ISLAND
Listing Courtesy: REALTY BUY DESIGN - 813-451-9201
Last Updated: 2026-05-08