Miami Real Estate Transformation: See How the Iconic Silver Sands Beach Resort Will Become a Modern Paradise!

Miami Real Estate Mogul Plans Modern Condo for Silver Sands Beach Resort

Embracing Change in Key Biscayne

David Martin, CEO of Terra Group, renowned as the "King of Miami" real estate development, has revealed ambitious plans for the historic Silver Sands Beach Resort. Built in 1956, this charming motel at 301 Ocean Drive is poised to be transformed into a state-of-the-art 56-residential, climate-resilient condo, complete with a floating beach bar.

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Revitalizing a Historic Landmark

The Silver Sands Beach Resort is one of Key Biscayne's last ties to its past. Martin's vision involves modernizing this beloved location while preserving its nostalgic charm. The proposed development will maintain the current 56 motel rooms, despite zoning laws allowing up to 110 units. This careful approach ensures the project remains within municipal code limits while offering an enhanced coastal living experience.

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Community Engagement and Approval Process

In a letter dated May 13, Village Manager Steve Williamson informed the Village Council about Martin's plans. A workshop is scheduled for June 18 or 20 at 6:30 p.m. to discuss the project in more detail. Martin highlights that the building will be constructed responsibly, drawing inspiration from the resilient structures of Stiltsville in Biscayne Bay.

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Enhanced Beach Access and Community Benefits

Martin's proposal includes improved beach access for the community, aiming to set a new standard for coastal living. Located between the high-rise Key Colony and Oceana complexes, the Silver Sands site offers a unique opportunity to combine modern amenities with community-focused features.

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A Glimpse into Silver Sands' History

The Silver Sands Beach Resort holds fond memories for many, from its lush courtyard to the iconic blue swimming pool. Originally opened in 1956 by Miami businessman Edward Claughton Jr., the resort was a family-friendly retreat. However, Hurricane Andrew in 1992 devastated the Sandbar Restaurant & Lounge and the Eagle's Nest Lounge.

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Terra Group's Vision and Expertise

Since founding Terra Group in 2001 with his father, attorney Pedro Martin, David Martin has reshaped Miami's real estate landscape. Terra Group's impressive portfolio includes projects like Villa Miami, Five Park, Mr. C Residences, and many more. Martin’s unique approach focuses on innovative design and sustainable development, ensuring each project harmonizes with its surroundings.

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Economic Impact and Future Prospects

Property records show that Silver Sands was last sold in 1991 for $6,400,000. According to the Miami-Dade County Property Appraiser's Office, the market value of the 22,473-square-foot property was $71,143,960 in 2023. The land lot spans 164,875 square feet. Although the selling price for the latest transaction remains undisclosed, the potential economic impact is substantial.

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Navigating Zoning and Development Regulations

Village officials are currently working on a Zoning in Progress provision under Florida law. This provision sets minimum standards for new or rebuilt structures, ensuring a balance between commercial and residential mixed-use areas. The Village Council's recent approval of an ordinance's first reading adds an extra layer of protection against affordable housing developers, aligning with the Live Local Act.

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A New Era for Silver Sands

David Martin’s plans for the Silver Sands Beach Resort mark a significant milestone for Key Biscayne. By blending historical charm with modern innovation, this project promises to elevate coastal living standards while preserving community values. As Miami’s real estate market continues to evolve, Terra Group remains at the forefront, championing responsible development and sustainable growth.

If you have any questions or need assistance regarding this exciting development or any other real estate matters, feel free to reach out. As a professional real estate agent in this market, I would love to connect with you and provide the help you need.

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