This is a unique chance to acquire a prime piece of real estate in one of Miami's fastest-growing areas. The property offers exceptional potential for developers seeking to capitalize on the booming demand for luxury living in Miami Beach. Currently, the site features a two-story multifamily building with four income-producing units, providing a stable revenue stream. However, the true value lies in the approved project: a 7-story building comprising 14 luxury units, ideal for high-end buyers or renters seeking proximity to Miami Beach’s renowned restaurants, shopping centers, and pristine beaches. Seize this rare opportunity to build a landmark development in one of the most sought-after locations in South Florida, combining long-term income stability with high-growth potential.
MLS# | A11704277 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1952 |
Days On Site | 40 |
Listing Provided By | Beachfront Realty Inc | Marilina Apfelbaum |
SQ Feet | 7,728 |
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Story(s) | 7 |
Units | 14 |
Building(s) | 1 |
Zoning | 3900 |
Acreage | 5650.00 |
State | FL |
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County | Miami Dade |
City | Miami Beach |
Zip Code | 33141 |
Area | 32 |
Listing VS Median (in 33141) | |
Price: $4,200,000 low | high Med: $190,000 SqFt: 7,728 low | high Med: 544 $ / SqFt: $543 low | high Med: $367 On Site: 40 low | high Med: 218.5 |