Description
Corner waterfront land on gated Island, Miami Beach, FL. Rare opportunity to build a 2-story luxury residence on this corner lot on gated Biscayne Point Island. No fixed bridges to the Ocean via Haulover Cut. This 9,000 SF corner lot offers 210' of sea wall on north and east accommodating up to 60' boats with approximately a 4' to 5' draft in low tide. Sold as land value & in need of a new sea wall. Sea wall permit is approved. Plans attached for a 4 bed & 5 bath pool home. Prime Island location surrounded by multi-million-dollar estates on a gated island. New Construction homes are listing for $8 mm to $13 mm less $2.89 mm Land, $400,000 for sea wall & fill & $2.5 mm for construction, the proforma profit could be $2.2 to $6 mm +/-.
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Courtesy of: Douglas Elliman MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 3rd February, 2023 12:51 AM (UTC)