
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.
Listed by The Corcoran Group
The MLS data provided for the property above (MLS#A11619556) is provided courtesy of Zilbert.com. Source: Southeast FloridaMLS. Data updated 3/10/2026. Mark Zilbert is a member of the Zilbert Network and is licensed with Zilbert as a cooperating broker or cooperating agent and may not be the listing agent for this property. Information is deemed reliable but not guaranteed. The listing data on this page comes from the Miami Association of Realtors. All rights reserved. The information being provided is for consumer personal, non-commercial use. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.