Double Lot Waterfront Development Opportunity in Normandy Isles Miami Beach

Asking $1,999,999 - Multiple Development Choices

  • Ask Price $1,999,999
  • Zoning RM-1
  • Lots Area 15,177 sf
  • Waterfront Yes
  • Neighborhood Normandy Isles
  • Multi-Family? Yes, 20 Units
  • Townhouses? Yes, 7 Units
  • Single Family? Yes, 1-2 Units
  • Height Permitted Up To 55 ft

This is an off-market commercial offering with a choice of multiple opportunistic builds across 2 lots located on Calais Drive.

CALL NOW (786) 304-2381

Main permitted uses on this land, in the RM-1 residential multifamily, low density district are:

  1. ApartmentsUp To 20 Units
  2. Hyper-Luxury Homes (1-2)
  3. Townhouses – Up to 7 Units

Conditional uses in the RM-1 residential multifamily, low density district are:

  1. Day Care Facility
  2. Religious Institutions
  3. Schools

What about boats? – There is 105 linear feet of waterfront. Upgrade seawall, add a dock and make application for boat slips.

 

Direct Link to Video shown above:
https://vimeo.com/427123667 – Direct download is available in both HD and Standard quality

Short URL for convenient sharing:
https://miamihomezone.com/waterfront-development

 

DISCLOSURES: While it is possible to rehabilitate the existing structure, highest and best use can effectively achieved by demolishing, excavating and new construction. Presently, there is a City of Miami Beach lien for unfinished, vacant, unoccupied structure and a Miami-Dade County lien for unsafe structure. Said liens would only be properly eliminated after compliance and this is swiftly accomplished by demo and lot prep. At asking price, money to payoff liens shall be held in escrow, at closing, and delivered to the appropriate municipalities; otherwise, negotiation of ask price is open with consideration of lien assumption. Recent title commitment, lien search and survey(s) are available upon request.

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