See all 8 photos

$8,700,000

Est. payment - /mo

13,460 SqFt

New

1580 Bay Rd Miami Beach, FL 33139

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Sammy Hernandez

sammysellsmiami@gmail.com +1(786) 203-8671

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,460 sqft

Price per Sqft $646

MLS Listing ID A11847604

HOA Y/N No

Year Built 1954

Annual Tax Amount $34,112

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Multi Family

Property Description

Rare full corner assemblage development opportunity in Miami Beach! 3 parcels include three fully leased fourplexes on 15,250 SF of land in a quiet, BAY ACESS, no-flood zone just steps from Lincoln Rd, new 50,000 sqft Whole Foods under construction, and Sunset Harbour. Zoned RM-2 with 2.0 FAR and 60-ft height as-of-right, the site allows for approximately 30,500 buildable SF ideal for 30 boutique luxury condo units. Generate income during planning from 12 units. 24 bed 18 baths. Surrounded by high-performing luxury projects like Monad Terrace and Capri.

There is also significant potential under Florida's Live Local Act (SB 102), which may allow increased height, FAR (up to 3.0), and additional development flexibility if a rental project with 40% affordable/workforce housing is pursued.

Location

State FL

County Miami-dade

Area 32

Exterior

Roof Type Shingle

Total Parking Spaces 12

Private Pool Yes

Building

Story 2

Level or Stories Two

Others

Tax ID 02-32-33-023-0150

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11847604

Listed by Lifestyle International Realty

+1(786) 203-8671

sammysellsmiami@gmail.com

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