Michael Davalos, P.A.

Contact listing agent:

Michael Davalos, P.A. 

(786) 295-9568

Mike@techierealty.com

 

 

Sold for land value 

 

Price: $999,999.00

Lot Size: 5,500

Zoning: RM1 - Low Density Condos or apartments with allowable HOTEL!

Max living area allowed by right: 6,875 - 6 condo units max - 10-12 hotel units

 

 

Description:

 

Develop a boutique hotel only a few steps from the ocean. Available for sale is a prime piece of land in Miami Beach’s booming North Beach market. This is a perfect location for an extended stay boutique hotel. Guests can enjoy walking to the ocean through the City's soon to be renovated North Shore park (see renderings in button below). Property is currently a duplex rented on a month to month basis. Please call listing agent for more details. 

 

 

News updates:

New construction condo projects in Miami Beach are much more expensive and offer fewer units than it's Miami counterparts. New construction in Miami Beach starts at an average of about $1,550 per square foot compared to $570 per square foot in downtown, according to Cranespotters.com. There are fewer than 500 units under construction on Miami Beach, compared to 6,300 under construction downtown.”

miamiherald.com/news/business/real-estate-news/article39189630.html