8
See all 8 photos
$8,700,000
Est. payment /mo
13,460 SqFt
New
1580 Bay Rd Miami Beach, FL 33139
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
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.
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