Penguin Cabana Sub Real Estate, Homes, Condos for Sale in Treasure Island, FL

3 Beds ⋅ 3 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

Europe meets Sunset Beach. Built in 2023 and inspired by the charm of a luxury boutique hotel on the Mediterranean coast, this extraordinary coastal residence offers beautiful Gulf views, exceptional craftsmanship, and one of the most coveted beach lifestyles along Florida's Gulf Coast. Just steps from the sugar-white sands of Sunset Beach, this is a home designed to impress while living beautifully every day. Thoughtfully arranged across three levels, the first living floor functions perfectly as a private guest retreat, multigenerational living space, or luxurious accommodations for visiting family and friends. Complete with its own kitchenette, two spacious bedrooms, and a beautifully appointed designer bath, it offers comfort and privacy rarely found in today's luxury homes. The second level is dedicated to an elegant primary suite that feels more like a private resort than a bedroom. Dramatic Versace tile, floating vanities, designer fixtures, and an extraordinary spa-inspired shower create an atmosphere of quiet luxury and relaxation. The heart of the home is found on the top floor, where a sleek European-inspired kitchen showcases premium appliances, custom cabinetry, an integrated dishwasher, and a built-in cappuccino and coffee station. Walls of retractable glass disappear completely, transforming the great room into a seamless extension of the expansive outdoor living space while capturing refreshing Gulf breezes and spectacular sunset skies. The outdoor entertaining terrace is truly exceptional, featuring a fully equipped outdoor kitchen, wet bar, refrigerator, generous dining and lounge areas, and one of the home's signature features—an automated louvered roof system that adjusts with the touch of a button, allowing you to create the perfect balance of sun, shade, and open sky throughout the day. Every detail throughout the residence has been intentionally curated, from custom wood feature walls and sophisticated lighting to refined European finishes and spa-quality bathrooms. The result is a home that feels transported from the Mediterranean while embracing the laid-back elegance of Florida's premier beach lifestyle. Leave the car behind and enjoy everything Sunset Beach has to offer. Close to waterfront restaurants, beach bars with live music, neighborhood parks, and endless stretches of white sand—all just moments from your front door. Whether you're searching for an extraordinary primary residence, an unforgettable coastal escape, or a luxury property with outstanding flexibility, this one-of-a-kind home delivers an exceptional blend of architecture, lifestyle, and enduring value. European sophistication. Florida sunsets. A home unlike anything else on Sunset Beach.

30 80th Avenue, Treasure Island

$515,000

Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

New Lot Available on the South End of Sunset Beach. This is a DOUBLE CORNER LOT located across the street from Blind Pass Waterway and 4 Houses away from the Gulf of Mexico. Build a substantial elevated home here with Beach & Intracoastal views. Just steps to the best amenities that Sunset Beach has to offer including the freshly renourished Beach, the Sunset Beach Pavilion & Playground, public scenic walkway, dog beach, the rock jetty, boat ramp & fishing dock. Be a part of the REVITALIZATION of Sunset Beach. Secure your piece of Sunset Beach Now! This 70x40 lot is zoned RM-15. Property to be sold as a Land Opportunity, Sold As Is, Cash. Buyer is responsible for all due diligence regarding rebuilding, renovation, permitting and new construction potential.

145 79th Avenue, Treasure Island

$515,000

3 Beds ⋅ 3 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

New Lot Available on the South End of Sunset Beach. This is a DOUBLE CORNER LOT located across the street from Blind Pass Waterway and 4 Houses away from the Gulf of Mexico. Build a substantial elevated home here with Beach & Intracoastal Views. Just steps to the best amenities that Sunset Beach has to offer including the freshly renourished Beach, the Sunset Beach Pavilion & Playground, public scenic walkway, dog beach, the rock jetty, boat ramp & fishing dock. Be a part of the REVITALIZATION of Sunset Beach. Secure your piece of Sunset Beach Now! This 70x40 lot is zoned RM-15. Property to be sold as a Land Opportunity, Sold As Is, Cash. Buyer is responsible for all due diligence regarding rebuilding, renovation, permitting and new construction potential.

145 79th Avenue, Treasure Island

$300,000

1 Beds ⋅ 1 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

New Lot Available on the South End of Sunset Beach is ready for a new home. 80th Terrace is undergoing a complete transformation. Have you been looking for a little slice of paradise to call your own? Come by and see what the South end of Sunset Beach has to offer. Access the Sunset Beach Pavilion & Playground, Jetty & Beach Access at the end of the street. Build amongst surrounding elevated homes. Beach has recently been Re-nourished. Buy now to build later. Don’t miss out on the revitalization of Sunset Beach.

36 80th Terrace, Treasure Island

$352,000

1 Beds ⋅ 1 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

One of the most loved little cottages on Sunset Beach is looking for it’s new owners. A cottage that has had many fun times is ready for a rebirth. Transform this site into an elevated home with extraordinary views. Located 5 homes away from the sands of Sunset Beach and steps to the Sunset Beach Pavilion & Playground, the rock jetty, boat ramp & fishing dock. Look at the surrounding homes to see what is possible. Be a part of the next chapter for Sunset Beach. Secure your piece of Sunset Beach while you can. This 35x40 lot is zoned RM-15. Property to be sold As Is for lot value. Survey available.

24 80th Terrace, Treasure Island

$300,000

Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

New Lot Available on the South End of Sunset Beach. 80th Terrace is undergoing a complete transformation. Have you been looking for a little slice of paradise to call your own? Come by and see what the South end of Sunset Beach has to offer. Access the Sunset Beach Pavilion & Playground, Jetty & Beach Access at the end of the street. Build amongst surrounding elevated homes. Beach has recently been Re-nourished. Buy now to build later. Don’t miss out on the revitalization of Sunset Beach.

36 80th Terrace, Treasure Island

$352,000

Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

One of the most loved little cottages on Sunset Beach is looking for it’s new owners. A cottage that has had many fun times is ready for a rebirth. Transform this site into an elevated home with extraordinary views. Located 5 homes away from the sands of Sunset Beach and steps to the Sunset Beach Pavilion & Playground, the rock jetty, boat ramp & fishing dock. Look at the surrounding homes to see what is possible. Be a part of the next chapter for Sunset Beach. Secure your piece of Sunset Beach while you can. This 35x40 lot is zoned RM-15. Property to be sold As Is for lot value. Survey available.

24 80th Terrace, Treasure Island

$525,000

2 Beds ⋅ 2 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

SELLER IS MOTIVATED and allowed for a SIGNIFICANT PRICE IMPROVEMENT!! Welcome to this beautifully reimagined, fully renovated and fully furnished 2-bedroom, 1.5-bath corner-lot cottage just steps to Sunset Beach. You can see the beach from the front door of this rare gem which perfectly blends the charm of a quaint coastal retreat with today’s modern comforts and thoughtful design. No expense was spared in this comprehensive rebuild. Every major component is brand new, including impact-rated windows, insulation, HVAC system, appliances, water heater, cabinetry, quartz countertops, flooring, kitchen, bathrooms, washer and dryer, and a durable metal roof complete with hurricane straps. The home also features newly paved parking for two vehicles. Designed with peace of mind as a priority, this non-HOA property was constructed with an innovative, water-resistant approach—utilizing cement board walls and subflooring joined with sealed, shower-style seams to create a basin-like system for enhanced durability and protection. Not a single sheet of drywall was used. This is truly a turnkey, worry-free, never lived in coastal home—just bring your clothes and start enjoying the beach lifestyle. Whether you’re seeking a primary residence, vacation escape, or investment opportunity, this home is ready to deliver. SELLER FINANCING AVAILABLE for QUALIFIED BUYERS!

48 79th Terrace, Treasure Island

$539,000

2 Beds ⋅ 1 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

Welcome to your barefoot-ready escape on Treasure Island—an elevated cedar beach cottage where the Gulf is literally just steps from your door. Set beside newly restored sugar sand beaches, this charming home delivers the carefree feel of an oceanside resort with the comfort of home. All living space is perched on the second floor, accessed by a short flight of stairs that opens to a long, breezy porch with peek-a-boo ocean views—perfect for morning coffee, post-beach sunsets, and salty air evenings. This upper level experienced no damage during the hurricanes of 2024. Inside, the vibe is open, airy, and inviting. A spacious open-concept layout flows effortlessly from the large kitchen—complete with a breakfast bar and built-in storage—into a generous living room anchored by a grand wood-burning fireplace. High ceilings enhance the sense of space, while accent windows lining the west ceiling accentuate the room with natural light and add a dramatic architectural touch. Tucked away at the rear of the home are two sizeable bedrooms connected by a shared, adjoining bathroom featuring a jetted spa tub and dual vanity sinks—your own private retreat after a sun-soaked day. A separate laundry room with a utility sink on the ground floor adds everyday convenience. Downstairs is where function meets opportunity. Enjoy a one-car garage with a new mechanical door, plus two separate carport spaces—say goodbye to beach parking stress forever. The entire lower level is enclosed and formerly plumbed during a prior ownership, offering exciting potential for a workshop, storage, or creative space. Additional highlights include: Hurricane shutters downstairs & 3M protective window film upstairs, Roof (2021), A/C (2021), New garage door, water heater, refrigerator and select doors. This is a home for those who live for the outdoors—meditations at sunrise, long walks on powdery sand, and evenings listening to the Gulf breeze—and who appreciate finding a smart value in an unbeatable location. Beachy, breezy, and beautifully positioned, this Treasure Island cottage is your chance to own a slice of Florida’s laid-back coastal lifestyle without the resort price tag.

35 79th Avenue, Treasure Island

$315,000

Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

Build Your Dream Beach Home in Sunset Beach! Seize your opportunity to own a slice of one of Florida’s most desirable beachside neighborhoods of Sunset Beach, located at the southern tip of Treasure Island. Located steps from the Sunset Beach Pavilion, Playground and the newly renourished Beach, this coastal real estate opportunity presents a rare chance to build your dream beach house from the ground up in a vibrant, evolving community. This 35x40 property is situated perfectly between the tranquil Intracoastal Waterway and the shimmering Gulf of Mexico on the southern end of Sunset Beach and is your opportunity to build amongst other elevated homes! Embrace the ultimate Florida lifestyle in a neighborhood known for its laid-back vibe and stunning sunsets. Enjoy the convenience of walkable beach living with easy access to local favorites like Caddy’s on the Beach and Ka’Tiki for live music and beachfront dining. This home is substantially damaged and is being offered as-is, allowing you to build your dream beach home in a high-demand zip code. Or buy now and build later! Water, sewer, electric and cable are all available. Lender information is available for land and/or construction loans.

35 79th Terrace, Treasure Island

$850,000

2 Beds ⋅ 3 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

Discover your dream coastal retreat with this charming single-family home. A mere stone's throw from sandy shores and tranquil waves, ideal for morning strolls or sunset views, a delightful "peek-a-boo" view of the sparkling ocean, this property combines seaside serenity with everyday comfort. Spacious 2 bedrooms, 2.5 bathrooms, and an open floor plan designed for relaxation and entertaining. Stylishly upgraded throughout, with high-quality finishes that blend elegance and durability. Fully furnished with a chic, coastal-inspired design, making it effortless to settle right in. Don't miss your chance to own a slice of paradise. Whether it's a year-round residence, vacation home, or investment property, this beachside gem is waiting for you!

30 80th Terrace, Treasure Island

$349,500

1 Beds ⋅ 2 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

One or more photo(s) has been virtually staged. ***HUGE PRICE REDUCTION***This original Sunset Beach Cottage is located by the pavilion, just five homes away from the beautiful sandy beachfront, and one property away from the Bay. Sunset Beach is a quaint community that offers quiet beach living, situated near the pavilion, with many long-established full-time residents and a Key-West vibe. Sunsets are spectacular. This Cottage was damaged during Hurricane Helene from the rising water and needs restoration. It has one bedroom, but the floorplan could be modified at this open stage of framing to make it into a two bedroom. The pictures show before and after condition. It is a unique opportunity to either stay and restore the Vintage Cottage or to expand and build up on the double lot. There is a current Appraisal that was done and can be used to increase the FEMA limit for the Forty-Nine Building Improvement Rule, to keep it vintage. The Appraisal is available upon request and does indicates a much higher valuation than what the Seller is currently asking. The lot size is listed in the public records as a double lot measuring 40x70. This is an incredible location and an opportunity to have the beach life of your dream home or your vacation home. There is also a historic feature to this Cottage, but the home is not listed as a historic site with restrictions. This is a unique opportunity to own this great property located on beautiful Sunset Beach and turn it into your very own Beach Paradise.

27 80th Avenue, Treasure Island

$300,000

2 Beds ⋅ 1 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

Photos and description are all PRE-Hurricane Helene ... Old Florida, "Cute and Cozy" Bungalow Beach Escape on the Ever Popular and Eclectic SUNSET BEACH ... "Sunset Seaclusion" is the name of this charming Bungalow that can now be yours! ... complete with 'Pinellas County Pine' walls and floors (under the new Luxury Vinyl Plank) - this Bungalow just exudes history and charm of years and times gone by, with some modern touches, like the custom-built kitchen ... Owners use the carport as additional OUTDOOR living area, and you may do so as well! ... Surprisingly, there is LOTS of storage options and a great use of space throughout, esp in BR # 1 ... The 2nd Bedroom has an outside entry / exit door and access to a closet that is shared by the adjoining Main Br ... still, it is may be best as a Den, nursery, home office, etc... owners have rented this as a 2 Br numerous times over the years ... your New Beach Place will be mere STEPS to the Sand and the Gulf of Mexico, but ALSO just a few blocks from the Public Boat Ramp / Launch at 84th Ave (Hello: Kayakers, Jet Skiers, etc!) and the "Almost Famous Dog Beach" a few blocks south (opposite Mansions and just before Lands End) ... Be sure and take the combo Walk-thru / DRONE VIDEO Virtual Tour .... then HURRY, schedule YOUR showing - and do not miss the boat - this is your opportunity to get YOUR CHARMING BEACH PLACE at Sunset Beach for not much more than people have been paying for "Tear Downs" and vacant land here, lately!! ...

40 79th Terrace, Treasure Island

$285,000

2 Beds ⋅ 2 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

GREAT OPPORTUINITY TO OWN ON THE BEACH! Welcome to the highly sought after Sunset Beach, quaintly located in beautiful City of Treasure Island Florida. This property is just a short walk down the block to the public access beach and dog beach. The area is also golf cart friendly and home to great local dining and shopping. The property is being sold "as is" for the value of the land. The Seller makes no claims pertaining to the viability of the structure on the property. Sellers make no claims of viability pertaining to the current structure located on the property. The property is being "as is" for the value of the land alone. The property is zoned RM-15 with short term rentals allowed with conditions. Please visit the below link for more information. https://www.mytreasureisland.org/residents/departments/community_development/short_term_rental_information.php

48 79th Terrace, Treasure Island

$500,000

Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

Sold Data Only ~ Corner Lot 70 feet long x 40 feet deep, cleared lot.

28 80th Avenue, Treasure Island

$1,800,000

4 Beds ⋅ 2 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

Sunset Beach newer construction (2022), custom home with Gulf of Mexico views! Experience island living on the idyllic piece of paradise known as Sunset Beach. This home is built to a high standard and meets all coastal requirements. Four bedrooms, 2 baths, spacious kitchen, elevator, high ceilings, quartz countertops, two-tone cabinets with slide out shelves, composite decking, gas-tankless water heater and much more. You'll be mere steps from the sugar sand of Sunset Beach with a Gulf view from just across the street from a public beach access. Stroll just a few steps to marvel in some of the most beautiful sunsets that our area is known for. Inside you will find a beautifully finished environment. On the first living level you'll find a spacious kitchen, a comfortable bedroom and a full bath. The top floor features the primary bedroom, two additional bedrooms and another spacious, full bath. An added bonus is the convenient home-office. An elevator serves all three levels for added convenience. The entire home is accessible to those with mobility challenges as well. Something not often found on Sunset Beach is an oversized three-car garage, with ample additional storage and a sitting/kitchen area for added space to relax. Mechanical equipment is of the highest quality - HVAC systems, gas-tankless water heater, elevator and top of the line appliances. This home was built by a reputable, local, custom-home builder to exacting standards and will be sure to provide a safe haven for you, your family and guests.

6 80th Terrace, Treasure Island

$1,250,000

3 Beds ⋅ 3 Baths ⋅ Penguin Cabana Sub SubDv. ⋅ 33706 Zip Code

A perfect opportunity!!! Don't miss out on this amazing chance to acquire a beautiful HOUSE located just steps from the famous Sunset Beach on Treasure Island. Offering both substantial rental income and/or personal use. The property consists of 3 bedrooms and 2 bathrooms with an additional half bathroom on the top floor. The first level features 2 spacious bedrooms and a bathroom. That is not only perfect for generating income, but also serves as an ideal space for guests. The second level is an amazing space that features a master bedroom with a spectacular, dream master bathroom. Also, at this level you enjoy a primary living area that is well designed and comfortable. But the best is yet to come because the topmost level offers a beautiful full kitchen with custom cabinets and quartz waterfall island. Also, this kitchen offers folding sliding doors that allow you to integrate this space with the terrace so you can listen to the tranquil sounds and experience the fantastic unobstructed views of the Gulf of Mexico. This top floor is the perfect blend of entertainment and relaxation where you can enjoy a beautiful sunset in solitude or with friends. Take advantage of this rare opportunity to purchase such a unique and luxurious property on Treasure Island. This can be your slice of paradise, steps to the beach, close to restaurants, shopping, medical facilities and more. Call today before its too late!

30 80th Avenue, Treasure Island

Browse All Penguin Cabana Sub Properties for Sale

Penguin Cabana Sub Real Estate & Homes