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SOLD

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SUMMARY

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Dixon Commercial Real Estate is pleased to present a development opportunity in the residential area between the cities of South Miami and Pinecrest.

The property has a tentative plat approval for the development of two duplexes for a total of four units.

With street frontage of 140’ along the east side of SW 65th Avenue and frontage of 104’ along the north side of SW 84th Street there is the potential for a variety of designs.

New single family homes in the area have sold from $1,800,000 to $2,500,000.

Water and Sewer on-site.

Download the PDF for a printable flyer and the site survey of the possible division.
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Price : $1,200,000

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Call Us: 305.443.4966
Andrew Dixon or Roger Lopez

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CURRENTLY OFF MARKET

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SITE DETAILS

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EXISTING BUILDING

• A unique opportunity for re-development in affluent Key Biscayne.
• Located on a lot of + 29,700 sf (+ 0.68 acre), two platted lots, built in 1964.
• It is a two-story residential condominium building, CBS, + 20,700 sf GBA of which + 14,172 sf is rentable.
• The units have 1,181 sf under air-conditioned area with 2 bedroom / 2 bathroom that presently are either on a month to month rents or with short remaining leases.
• The building is also within walking distance to the Atlantic Ocean beachfront.

The zoning is RM – 16, Medium Density, by the Village of Key Biscayne, FL. The current zoning designation permits multi-unit residential development at a density of 16 units/acre, a maximum height of 50 feet and four stories, with a maximum FAR of 0.8:1 for a four-story building. Residential uses at a higher density, and commercial and industrial use are prohibited.

APPROVED RE-DEVELOPMENT

Estimated Net Sellable: 22,000 sf – Average Unit Size: 2,000 sf – Number of Units: 11
The only recent new inland, non-coastal development site in this submarket was the Sunrise 101 building on the corner of Sunrise Drive and Crandon Boulevard developed by the same owners of 202 Sunrise Drive.
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Address

202 – 204 Sunrise Drive, Key Biscayne, Florida, 33149

Land Acreage

+ 0.68 acre or + 29,700 sf

Building

+ 20,700 sf GBA of which + 14,172 sf is rentable

Zoning

RM – 16, Medium Density, by the Village of Key Biscayne, FL

Flood Zone

The Property is located in flood zone AE per the National Flood Insurance
Program map number 12086C0483L

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Price Reduced Call for New Pricing

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Javier Rodriguez | 305.632.8908

Andrew Dixon | 305.443.4966

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Experience the magic of a Miami beachfront sunrise from your bedroom or private beachfront cabana.

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135 Ocean Boulevard
Golden Beach, Florida

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Don’t miss your chance to own the largest of only six remaining single-family vacant lots directly on the beach in Miami-Dade County.

The site includes 3 lots for over one acre of land directly on the beach in Golden Beach Florida, just steps for Sunny Isles.  Seller will also include plans for a stunningly luxurious 26,500 SF modern home.
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360º View

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