1580 BAY RD, Miami Beach
$8,700,000 USD
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| Address | 1580 BAY RD, Miami Beach |
| Type of Property | Income / MultiFamily |
| Type of Business | Commercial / Residential Income |
| Business Location | Corner Lot |
| Price | $8,700,000 |
| Property Status | Active |
| MLS Number | A11847604 |
| Property Size | 15250 |
| Lot Size | 15250 |
| Year Built | 1954 |
| Parking Space Number | 12 |
| Folio Number | 02-32-33-023-0150 |
| Zoning Information | 4000 |
| Days on Market | 40 |
Detailed Description: Rare full corner assemblage development opportunity in Miami Beach! 3 parcels include three fully leased fourplexes on 15,250 sq.ft of land in a quiet, BAY ACESS, no-flood zone just steps from Lincoln Rd, new 50,000 sq.ft Whole Foods under construction, and Sunset Harbour. Zoned RM-2 with 2.0 FAR and 60-ft height as-of-right, the site allows for approximately 30,500 buildable SF ideal for 30 boutique luxury condo units. Generate income during planning from 12 units. 24 bed 18 baths. Surrounded by high-performing luxury projects like Monad Terrace and Capri. There is also significant potential under Florida’s Live Local Act (SB 102), which may allow increased height, FAR (up to 3.0), and additional development flexibility if a rental project with 40% affordable / workforce housing is pursued.
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Address Information
| State | Florida |
| City | Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33139 |
| Address | 1580 BAY RD |
| Business Location | Corner Lot |
| Section | 33 |
| Zip Code (4 Digits) | 3248 |
Financial Information
| Price | $8,700,000 |
| Price per Foot | $0 |
| Folio Number | 02-32-33-023-0150 |
| Tax Amount | $34,112 |
Full Descriptions
| Detailed Description | Rare full corner assemblage development opportunity in Miami Beach! 3 parcels include three fully leased fourplexes on 15,250 sq.ft of land in a quiet, BAY ACESS, no-flood zone just steps from Lincoln Rd, new 50,000 sq.ft Whole Foods under construction, and Sunset Harbour. Zoned RM-2 with 2.0 FAR and 60-ft height as-of-right, the site allows for approximately 30,500 buildable SF ideal for 30 boutique luxury condo units. Generate income during planning from 12 units. 24 bed 18 baths. Surrounded by high-performing luxury projects like Monad Terrace and Capri. There is also significant potential under Florida’s Live Local Act (SB 102), which may allow increased height, FAR (up to 3.0), and additional development flexibility if a rental project with 40% affordable / workforce housing is pursued. |
| Roof Description | Shingle |
Property parameters
| Living Area | 15250 |
| Lot Size | 15250 |
| Total Acreage | 0.350 |
| Zoning Information | 4000 |
| Maximum Leasable Size | 15250 |
| Year Built | 1954 |
| Type of Property | Income / MultiFamily |
| Type of Business | Commercial / Residential Income |
| Stories Number | 2 |
| Parking Space Number | 12 |
| Listed with | Lifestyle International Realty |