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2125 Bay Dr Miami Beach, FL 33141
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Key Details
Sold Price $580,000
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Subdivision Isle Of Normandy Miami Vi
MLS Listing ID F10268534
Sold Date 06/11/21
HOA Y/N No
Total Fin. Sqft 7789
Annual Tax Amount $14,957
Tax Year 2020
Lot Size 7,789 Sqft
Property Description
VALUE IS IN THE LAND! Amazing investment opportunity. You can build a 10 unit building w/ parking & elevator in this desirable location of North Miami Beach near the Intercoastal! 6x2b/2b & 4x1b/1b est. $1.83 mil or 9 units with no parking/elevator for est. $1.4 mil. See plans attached for details. Seller spent $40k for architectural plans - can be transferred to buyer. Project verbally approved by the city in 2019, plans were not. Great location! Easy access to I95, direct access to 79th bridge, 1 block from Walgreens, gas station, supermarket & daycare, .5 mile to Normandy Isles Park & Pool, 1.5 miles to beach. Close to Normandy Shores Golf Course and restaurants. Triplex currently on land is a tear down or needs major repairs. Actual rental income: $3,850/month
Location
State FL
County Miami-dade County
Zoning 3900
Exterior
Water Access N
Private Pool No
Building
Sewer Municipal Sewer
Water Municipal Water
Others
Pets Allowed No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Keller Williams Realty CS
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Panagiotis Peter Sarantidis
Licensed Real Estate Sales Professional | License ID: 3332095