$1,850,000
Single Family ResidenceActive8221 Crespi Blvd, Miami Beach FL 33141
MLS #A11619556About This Property
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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Blue Mar Real Estate Group
About Miami Beach
Miami Beach is a barrier island city defined by its Art Deco Historic District, oceanfront condos, and year-round tourist energy along Ocean Drive, Lincoln Road, and Collins Avenue. The neighborhood ranges from the party-forward South Beach to quieter mid-Beach and North Beach pockets, plus the Faena District's newer luxury development on 32nd-36th streets. The city draws international buyers and second-home owners who want walkable beach living with full urban amenities.
Property Details
Property Type
Single Family Residence
Year Built
1956
Living Area
3,104 sq ft
Lot Size
5,750 sq ft
Bedrooms
5
Bathrooms
5
Pool
No
Waterfront
Yes
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Heating
Reverse Cycle Unit, Window/Wall
Roof Type
Barrel Roof, Concrete, Flat Tile
Flooring
Ceramic Floor, Tile, Vinyl
Construction
Concrete Block Construction, CBS Construction
Style
Attached, Half Duplex
HOA Fee
None
Annual Taxes
$12,481 (2023)
Days on Market
690
MLS #
A11619556
Features & Amenities
Interior
Appliances
Exterior
Community
Other
Nearby Schools
Assigned public schools pulled from Miami-Dade County Public Schools’s official attendance-boundary data. Verify current boundaries with MDCPS before buying — zones can change year to year.
School data source: Miami-Dade County Open Data Hub
Similar Homes in Miami Beach
Location
City
Miami Beach
State
FL
ZIP Code
33141
County
Miami-Dade County
Listing provided by Julian Johnston at The Corcoran Group. Data from Miami Association of REALTORS®. All information deemed reliable but not guaranteed. Listing #A11619556.