T
he Treasure Island Tennis and Yacht Club, a beloved institution since the 1970s, has been a hub for community gatherings, sailing events, and weddings. At its peak, the club boasted an impressive 1,600 members and on-site condominiums. Over the years, it underwent renovations, changed hands, and narrowly escaped financial collapse multiple times.

    The club's most recent chapter came to a sudden close in August 2023, with owner Bill Edwards citing exhaustion from ongoing losses as the reason for filing bankruptcy. The property has since sat vacant for two years, but its current owner, Tavaco Properties, is now seeking a new tenant to revive the iconic venue.

    "We want to restore the club to its former glory," says Jason Gerbsman, a real estate broker representing Tavaco Properties. The property, located at 400 Treasure Island Causeway, features six tennis courts, a pool with a tiki bar, and a 47-slip marina. A 39,198-square-foot building houses a restaurant, catering hall, bridal suites, fitness area, and locker rooms.

    Gerbsman is optimistic about the property's potential, citing the community's resilience in the face of recent hurricanes. "The community will come back bigger and stronger than ever," he says. While the marina requires refurbishment or replacement, the rest of the facility remains in good condition.

    Tavaco Properties has received an offer to purchase the property, but Gerbsman notes that the buyer's proposed use would have required a zoning variance. The current owner is open to exploring alternative options, including sale, if the right group comes along with a vision for the property's future.