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About this home
Exceptional development opportunity in the heart of Miami Beach's rapidly evolving North Beach neighborhood. This 5,625 SF RM-1 zoned site is offered with Design Review Board (DRB) approved plans for a modern 4-story, 7-unit boutique residential building, significantly reducing development risk and expediting the path toward permitting. The approved project includes a desirable mix of one- and two-bedroom residences with private balconies, rooftop pool and lounge, ground-floor parking, and contemporary architecture designed for today's market. The property also features a fully renovated 3-bedroom, 2-bath single-family home with a new roof and impact windows, providing immediate rental income while final permits are obtained. Located just blocks from the beach, Collins Avenue, parks, shopp
Features
- Other
- Family Room
- Utility/Laundry In Garage
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $6,523
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.