8221 Crespi Blvd
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.
Property Details
- MLS#A11619556
- Home TypeSingle Family Residence
- Year Built1956
- Interior3,104 SqFt
- Lot Size5,750 SqFt
- Price / sqft$596
- Listed2024-07-08
- Days on Market730
- BuildingBISCAYNE BCH SUB
- SubdivisionBISCAYNE BCH SUB
- CountyMiami-Dade County
- Annual Taxes$12,481 (2023)
- Original Price$1,950,000
Features & Amenities
- Interior FeaturesOther, Family Room
- Exterior FeaturesOther
- AppliancesDishwasher, Disposal
- FlooringCeramic Floor, Tile, Vinyl
- CoolingCeiling Fan(s), Wall/Window Unit(s)
- HeatingReverse Cycle Unit, Window/Wall
- RoofBarrel Roof, Concrete, Flat Tile
- ConstructionConcrete Block Construction, CBS Construction
- SecuritySmoke Detector
- ParkingOther
- Waterfront FeaturesWF/Ocean Access, Intracoastal Front, Ocean Access, One Fixed Bridge
- CommunityNone
- ViewBay
- Architectural StyleAttached, Half Duplex
- Water SourceMunicipal Water
- SewerPublic Sewer
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Map & Neighborhood
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