8221 Crespi Blvd
Miami Beach, FL 33141
3104 sqft | 5 beds | 5 baths | #A11619556
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.
Property Details
- Property SubtypeSingle Family Residence
- Lot DescriptionLess Than 1/4 Acre Lot
- InteriorOther, Family Room
- CountyMiami-Dade County
- SubdivisionBISCAYNE BCH SUB
- Utility SourceMunicipal Water
- Sewer InformationPublic Sewer
- MLS #A11619556
- MLS #A11619556
- Property TypePurchase
- Cost1950000
- Exterior MaterialsOther
- Parking TypeOther
- Structure TypeHouse
- Square Feet3104
- Year Built1956
- ViewBay
- Bedrooms5
- Bathrooms5
- Full Baths5
- Waterfront1
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Last Updated: . Source: MAOR
Listing Courtesy
Listing Agent: Julian Johnston (#3041178)
Listing Office: The Corcoran Group (#CSMG02)
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