8221 Crespi Blvd, Miami Beach, 33141
- 5
- beds
- 5
- baths
- 3,104
- sqft
- Single Family Residence
- Built in 1956
- $596/sqft
Courtesy of The Corcoran Group
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.
Basic Information
- MLS #:
- A11619556
- Year Built:
- 1956
- Type:
- Single Family Residence
- Status:
- Active
- Date Listed:
- 07/08/2024
Interior Features
- Adjusted Sqft:
- 3,104 Sq.Ft
Property Features
- City:
- Miami Beach
- County:
- Miami-Dade County
- Type of Property:
- Single Family Residence