8221 Crespi Blvd

$1,850,000

8221 Crespi Blvd

5 Beds 5 Baths 3,104 Sq.Ft. 5,750 Sq.Ft.

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.

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Location

8221 Crespi Blvd, Miami Beach, FL 33141

Status

For Sale

Features & Amenities

Interior

total bedrooms5
Total bathrooms5
full bathrooms5
Flooring Ceramic Floor, Tile, Vinyl
APPLIANCES Dishwasher, Disposal
other interior Features Other, Family Room

Area & Lot

Status For Sale
Living Area3,104 Sq.Ft.
Total Area3,180 Sq.Ft.
Lot Area5,750 Sq.Ft.
MLS® IDA11619556
TypeResidential
YEAR BUILT1956
NeighborhoodMiami Beach and Islands
Architecture StylesAttached, Half Duplex
Water FrontageWF/Ocean Access, Intracoastal Front, Ocean Access, One Fixed Bridge
View DescriptionBay

Exterior

water SourceMunicipal Water
roofBarrel Roof, Concrete, Flat Tile
lot featuresLess Than 1/4 Acre Lot
parkingOther
HEAT TYPEReverse Cycle Unit, Window/Wall
AIR CONDITIONINGCeiling Fan(s), Wall/Window Unit(s)
sewerPublic Sewer
security FeaturesSmoke Detector
other exterior FeaturesOther

Financial

Sales Price$1,850,000
Real Estate Tax $12,481/yr
Zoning 3900

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8221 Crespi Blvd

$1,850,000

$1,850,000

8221 Crespi Blvd

Description

Share Property

Location

Status

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Schedule a Showing

Schedule a Showing

Mortgage Calculator

Miami Beach and Islands

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Jelena Khurana

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