Biscayne Heights, 8411 Biscayne Blvd
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OFF MARKET
$29,750,000
4.4
AcreStatus
OFF MARKETExpired
Size
4.4 Acres (17,794 m2)
Price
$6,761,364/Acre ($1,672/m2)
Type
Land
MLS Number
A11393355
On Site
1208 Days
Updated
1208 Days ago
Page Views
0
We are pleased to present this unique opportunity to acquire the largest land assemblage East of Biscayne Blvd.
with T5 zoning. Properties also include cash flow from rental units, making this an attractive covered land play.
4.39 acre development site with 317 buildable units by right. 18 existing buildings (1 & 2 stories) totaling 95
residential units and 1 retail space, plus 2 vacant lot sites of +/-19,350 SF. Gross building of +/-54,630 SF on +/-
191,539 SF of land. Favorable T6-8-O, T5-R Zoning designation. 95 residential units in-place with rents from
$500 to $1,450/mo. and NOI of +/-700K. Great covered land play. 3 minute drive to Miami Shores Country Club,
10 minute drive to Design District, 15 minute drive to Downtown, 16 minute drive to North Beach.
Features
All features
- Current Use: Other
- Property SqFt: 191539
- Remarks: We are pleased to present this unique opportunity to acquire the largest land assemblage East of Biscayne Blvd. with T5 zoning. Properties also include cash flow from rental units, making this an attractive covered land play. 4.39 acre development site with 317 buildable units by right. 18 existing buildings (1 & 2 stories) totaling 95 residential units and 1 retail space, plus 2 vacant lot sites of +/-19, 350 SF. Gross building of +/-54, 630 SF on +/- 191, 539 SF of land. Favorable T6-8-O, T5-R Zoning designation. 95 residential units in-place with rents from $500 to $1, 450/mo. and NOI of +/-700K. Great covered land play. 3 minute drive to Miami Shores Country Club, 10 minute drive to Design District, 15 minute drive to Downtown, 16 minute drive to North Beach.
- Internet Remarks: We are pleased to present this unique opportunity to acquire the largest land assemblage East of Biscayne Blvd. with T5 zoning. Properties also include cash flow from rental units, making this an attractive covered land play. 4.39 acre development site with 317 buildable units by right. 18 existing buildings (1 & 2 stories) totaling 95 residential units and 1 retail space, plus 2 vacant lot sites of +/-19, 350 SF. Gross building of +/-54, 630 SF on +/- 191, 539 SF of land. Favorable T6-8-O, T5-R Zoning designation. 95 residential units in-place with rents from $500 to $1, 450/mo. and NOI of +/-700K. Great covered land play. 3 minute drive to Miami Shores Country Club, 10 minute drive to Design District, 15 minute drive to Downtown, 16 minute drive to North Beach.
- Waterfront: No info
- Days on Market: No info
- Office Name: Global Investments Realty
- Area: 191539
- Taxes: 20256
- Tax Year: 2021
- Listing Date: 2023-05-25T12:04:25.000-00:00
- Lot Size Square Feet: 191539
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
05/25/2023
Listed
$29.8M
 $155 ft2
$1,672 m2
05/25/2023
$29.8M
Event
Listed
Price Per
$155 ft2
$1,672 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Joel Rodriguez • Global Investments Realty • Buyer Agency Compensation .
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Scores
73
100
47
100
54
100
75
100
0
100
32
100
1
100
Community Snapshot
5 – 5 BR
Bedrooms
$775K – $5M
Price Tier
786 - 6,754
SqFt Range
1943
Year Build
1
Total Floors
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- 26 Edgewater Condo7
- 50 Biscayne Condo30
- 500 Brickell East Condo13
- 500 Brickell West Condo17
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- Axis On Brickell South Condo19
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- Bay House Miami Condo8
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Mid-Tier
Mid-Tier 3
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Entry-Level 2
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