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106 E BAY DRIVE

Multi-family For Sale
$675,000

BTC: 8.36431227

ETH: 281.25000000

108 days
0 room(s)
2,016 sqft

Overview

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.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1938
Lot:
0.07 Acres
Heating:
Central / Zoned
Price/sqft:
$335
Cooling:
Central Air / Zoned
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$699,900
$628K – $873K
Confidence Low
List vs. estimate
$24K below estimate
List $675,000 · -3.6%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$334
-27.9% vs. city median $464
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$6,040
2025
All facts and features
  • Heating

    • Central

    • Zoned

    Cooling

    • Central Air

    • Zoned

    Other interior features

    • Open Floorplan

  • Property

    • Exterior Features: Fenced

    Lot

    • Lot: 0.07 Acres

    Other Property Information

    • Parcel Number: 253115383940000300

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $6,041

  • Source details

    • MLS ID: TB8506589

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Living Area: 2016

    • Water Source: Public

    • Lot Size Dimensions: 60 x 50

    • Subdivision Name: HERRONS SUB 5

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: REALTY BUY DESIGN