About This Property

Waterfront Miami Beach development potential! Currently a duplex this 2-unit multi-family development offers waterfront views, a private dock with one fixed bridge access to the ocean. The neighborhood is undergoing redevelopment with many new high rise and retail buildings under construction nearby on the 79th causeway and $2 billion investment on nearby Ocean Terrace. Current rent roll below market $7750. Buildable square footage max FAR 1.25, which allows 7,188 sq feet living and five stories high. There is city notice requiring the owner to permit and build a common area laundry which the seller says will cost $25,000 but seller says this is a buyer responsibility to build if they keep the structure, but $0 cost if they knock and build new. Seller will only accept full price offer.

Key Features

• 5,750 sq ft Lot
• Built in 1956

Property Details

• Type: Single Family Home
• Year Built: 1956
• Lot Size: 5,750 sq ft
• Sq Ft: 3,104
• Price / Sq Ft: $596
• HOA: Contact Agent
• Bedrooms: 5
• Bathrooms: 5
• Feature: 5,750 sq ft Lot
• Feature: Built in 1956
• Status: Active
• MLS Number: 1120284068
• Days on Market: 813
• Listed By: The Corcoran Group · Julian G Johnston
• Zip Code: 33141