8221 Crespi Blvd, Miami Beach, FL 33141

$1,850,000
5
BD
5
BA
3,104
SqFt

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List Price
$1,850,000
Price Change
▼ $50,000 1778558907
MLS#
A11619556
Bedrooms
5
Bathrooms
5
Sq. Ft
3,104
Lot Size
5,750
Subtype
Single Family Residence
County
Miami-Dade
Community
Biscayne Bch Sub
Subdivision
Biscayne Bch Sub
Year Built
1956

Property 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.

Additional Information

Front Exposure
North
Status Label
ACTIVE
Boat Service
Private Dock
Construction
Concrete Block Construction, CBS Construction
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Equipment
Dishwasher, Disposal
Flooring
Ceramic Floor, Tile, Vinyl
Heating
Reverse Cycle Unit, Window/Wall
Lot Description
Less Than 1/4 Acre Lot
Parking
Other
Roof
Barrel Roof, Concrete, Flat Tile
Bedroom Description
Other
Security
Smoke Detector
Taxes
$12,481
View
Bay
Waterfront
Yes
Roofing
Barrel Roof, Concrete, Flat Tile
Price Per Sqft
$596
Boat Services
Private Dock

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Listing Courtesy Of The Corcoran Group, Contact: