Biscayne Bch Sub 5 bedroom Single Family House For Sale
8221 Crespi Blvd, Miami Beach, FL 33141

$1,950,000
For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11619556
  • Virtual Tour: YES
  • List Price: $1,950,000
  • Living Area: 3104 Ft² / 288 M²
  • Price Per Foot/Meter: $628 / $6,762
  • Bedrooms:5
  • Full Baths:5
  • Taxes:$12,481
  • Year Built:1956
  • Waterfront:YES
  • Listing Date:July 8, 2024
  • Days On Market:369

Description


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.

Features


  • Floor:CeramicTile, Tile, Vinyl
  • Interior Feature:Other
  • Exterior Feature:Other
  • Waterfront:Bayfront, FixedBridge, IntracoastalAccess, OceanAccess

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker