8221 Crespi Blvd
Miami Beach, Florida
$1,950,000 Price
5 Bedrooms  

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...

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.

Listing courtesy of The Corcoran Group

 

Calculate your Payments

Asking Price:

Percent Down:

Loan Amount:

Interest Rate:

Loan Term (years):

Estimated Mortgage Payment:

Monthly Real Estate Tax:

Total Monthly Payment:

* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Miami Beach, Florida
Type: House
Price: $1,950,000
Approx. sqft: 3,180 sf
Annual Re Tax: $12,481
Web ID: 11619556
MLS ID: A11619556

Info & Amenities

Type: Single Family
Bedrooms: 5
Bathrooms: 5.0
Built: 1956
Pool: Yes

Map of Area for 8221 Crespi Blvd

Listing Agent(s)

Get to Know Miami Beach

Miami Beach, a world-famous barrier island, is famous for its stunning beaches, vibrant nightlife, and a diverse cultural scene. Comprising several distinct neighborhoods, including South Beach, the area offers a mix of Art Deco architecture, modern luxury, and a lively atmosphere. Renowned for its international appeal, Miami Beach caters to sun-seekers, art enthusiasts, and urban explorers alike.

More About Miami Beach

Neighborhood Guide to Miami Beach