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Land in Miami Beach, FL 33141Normandy Beach South, 7110 Bonita Dr
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Closed
0.26
AcreStatus
Sold - May 02, 2019
Size
0.26 Acres (1,041 m2)
Price
$8,653,846/Acre ($2,162/m2)
Type
Land
MLS Number
A10624860
View
Canal
On Site
2763 Days
Updated
16 Days ago
Page Views
0
In the heart of North Beach's Town Center, this 10-unit multifamily waterfront property offers investors, immediate and long-term potential. The 2-story waterfront building is fully leased, includes parking, and has the potential for value add investing or a mixed-use redevelopment project. New zoning allows mixed uses such as residential, office, hotel, retail. 120 foot height limits and reduced parking requirements. with its TC-1 zoning.
10 one-bedroom units
4 units have been remodeled
Below market rents can be raised
Proforma with ove 7.5% returns
In-place income
More than 25,000 SF of Development Potential
Value-add Opportunity
Walker's Paradise (94 Walkscore)
Features
All features
- Current Use: Other
- Property SqFt: 11200
- Remarks: In the heart of North Beach's Town Center, this 10-unit multifamily waterfront property offers investors, immediate and long-term potential. The 2-story waterfront building is fully leased, includes parking, and has the potential for value add investing or a mixed-use redevelopment project. New zoning allows mixed uses such as residential, office, hotel, retail. 120 foot height limits and reduced parking requirements. with its TC-1 zoning. 10 one-bedroom units 4 units have been remodeled Below market rents can be raised Proforma with ove 7.5% returns In-place income More than 25, 000 SF of Development Potential Value-add Opportunity Walker's Paradise (94 Walkscore)
- Internet Remarks: In the heart of North Beach's Town Center, this 10-unit multifamily waterfront property offers investors, immediate and long-term potential. The 2-story waterfront building is fully leased, includes parking, and has the potential for value add investing or a mixed-use redevelopment project. New zoning allows mixed uses such as residential, office, hotel, retail. 120 foot height limits and reduced parking requirements. with its TC-1 zoning. 10 one-bedroom units 4 units have been remodeled Below market rents can be raised Proforma with ove 7.5% returns In-place income More than 25, 000 SF of Development Potential Value-add Opportunity Walker's Paradise (94 Walkscore)
- View: Canal
- Waterfront: Yes
- Days on Market: 26
- Closing Date: 2019-05-02
- Office Name: TIR Prime Properties Corp.
- Exterior Features: StormSecurityShutters
- Area: 11200
- Taxes: 32001
- Tax Year: 2018
- Listing Date: 2019-02-21T14:14:57.000-00:00
- Lot Size Square Feet: 11200
Apples-to-Apples Comparables
Price History
Current
$2.3M
High
$2.5M
Low
$2.3M
Total Change
-10%Date
Event
Price
Change
Price Per
06/23/2026
Sold
$2.3M
0%$201 ft2
$2,162 m2
05/01/2019
Price Reduced
$2.3M
-10%$201 ft2
$2,162 m2
02/21/2019
Listed
$2.5M
$223 ft2
$2,403 m2
06/23/2026
$2.3M
Event
Sold
Change
0%Price Per
$201 ft2
$2,162 m2
05/01/2019
$2.3M
Event
Price Reduced
Change
-10%Price Per
$201 ft2
$2,162 m2
02/21/2019
$2.5M
Event
Listed
Price Per
$223 ft2
$2,403 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Mariano Saal • TIR Prime Properties Corp. • Buyer Agency Compensation .
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Scores
95
100
79
100
68
100
0
100
41
100
2
100
Community Snapshot
5,016 - 7,964
SqFt Range
1946
Year Build
Subdivision Amenities
Laundry
Maintenance
Pool
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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