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8221 Crespi Boulevard

Miami Beach FL 33141

5
5
3180 sq. ft.
5750 sq. ft.
Single-Family
Currently for sale - view listing

Overview

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.

Features

5 bedrooms
5 bathrooms
3180 sq. ft. floor area
5750 sq. ft. lot size
Single-Family

Happy sellers in Miami Beach

98%
98% of sellers in Miami Beach reported that their sale price either exceeded or met their price expectations.

Miami Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Miami Beach over the last 12 months.

Local market activity for 5 bedroom single-family properties in Miami Beach

In the last 12 months, 7 five-bedroom single-family properties similar to 8221 Crespi Boulevard, have been sold.

This represents a 47% increase in five-bedroom single-family properties sales when compared to the previous 12 months.

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