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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.
Property Features
County
Miami-Dade County
Section
2
Area
3180
Subdivision
BISCAYNE BCH SUB
Interior
Other, Family Room
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Bedrooms
5
Floors
Ceramic Floor, Tile, Vinyl
Full Baths
5
Appliances
Dishwasher, Disposal
Heating
Reverse Cycle Unit, Window/Wall
Style
Attached, Half Duplex
Garage Spaces
0
Construction/Exterior
Concrete Block Construction, CBS Construction
Patio / Deck Description
Exterior
Other
Has a Pool
Possession
Funding
Lot Size in Acres
Water
Municipal Water
Sewer
Public Sewer
Lot Size in Sq. Ft.
5750
Has Waterfront
Yes
Parking Description
Other
View
Bay
Has Garage
No
Roof/Attic
Barrel Roof, Concrete, Flat Tile
Senior Community
No
Other Utilities
Property Type
Residential
Pets
Property SubType 2
Single Family Residence
Tax Year
2023
Year Built
1956
Tax Amount
$12481
APN
NA
Square Feet Source
NA
Map
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