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Miami Beach, FL 33139

$2,399,900

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List Price: $2,399,900
MLS#: A12099063
Status: ACTIVE
Type: Land

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Property Description

Development Land / Multifamily Redevelopment Opportunity – RM-1 Zoning (Residential Multifamily, Low Intensity). Shovel-ready opportunity with fully approved City of Miami Beach plans included, allowing a buyer to significantly reduce the typical zoning, design, and permitting timeline and move toward construction quickly. Approved plans feature six (6) oversized 3-bedroom, 2-bathroom residences of approximately 1,310 SF each, offering a larger-format residential product in the South Beach market. The property currently includes existing multifamily structures, providing the potential for holding income while the buyer finalizes construction and development plans. Proposed amenities include secure gated parking, private lobby entry, expansive wraparound terraces, and an exclusive rooftop pool and amenity deck. Excellent opportunity for a developer or investor seeking an approved multifamily redevelopment project in Miami Beach. Approved plans and additional development documents are available in the MLS attachments.

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Additional Information

Days on Market: 19
Tax Amount: $31,022
Parcel Number: 02-32-33-016-0050
Front Exposure: South
Lot Size: 7,500
Directions: Google Maps or Waze.
Address: Miami Beach
Development Name: Alton Beach Bay Front Re-
Development: Alton Beach Bay Front Re-
Section: 33