Description

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.

Address

Open on Google Maps

Address: Crespi Blvd
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33141
Area: BISCAYNE BCH SUB

Details

Updated on April 2, 2026 at 2:55 am

Property ID A11619556
Price $1,900,000
Property Size 3104 Square Feet
Bedrooms 5
Bathrooms 5
Garage 0
Year Built 1956
Type Single Family Residence
Property Status Residential

Additional details

ArchitecturalStyle Attached, Half Duplex
BathroomsFull 5
BathroomsHalf 0
BuildingAreaTotal 3180
BuildingAreaUnits Square Feet
BuildingName BISCAYNE BCH SUB
CarportSpaces 0
CommunityFeatures None
ConstructionMaterials Concrete Block Construction, CBS Construction
ContractStatusChangeDate 2024-07-08
Cooling Ceiling Fan(s), Wall/Window Unit(s)
CoveredSpaces 0
DaysOnMarket 624
DirectionFaces North
Electric Circuit Breakers
ExpirationDate 2026-12-09
Flooring Ceramic Floor, Tile, Vinyl
FrontageLength 50
FrontageType Bay
Heating Reverse Cycle Unit, Window/Wall
Inclusions Private Dock
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-877-9332
ListingTerms All Cash
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 5750
MLSAreaMajor Biscayne Bch Sub
MajorChangeTimestamp April 1, 2026 at 08:29pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp April 1, 2026 at 08:29pm
OnMarketDate 2024-07-08
OriginalEntryTimestamp July 8, 2024 at 04:37pm
OriginalListPrice 1950000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-32-02-008-2110
ParkingFeatures Other
PhotosChangeTimestamp October 21, 2024 at 07:32pm
PhotosCount 16
Possession Funding
PostalCodePlus4 1302
PreviousListPrice 1950000
PriceChangeTimestamp April 1, 2026 at 08:29pm
PublicSurveyRange 32
PublicSurveySection 2
PublicSurveyTownship 32
Roof Barrel Roof, Concrete, Flat Tile
RoomsTotal 0
SecurityFeatures Smoke Detector
Sewer Public Sewer
ShowingInstructions See Broker Remarks
SourceSystemKey 398083847
StateOrProvince FL
StatusChangeTimestamp March 4, 2025 at 05:03pm
StreetName Crespi Blvd
StreetNumber 8221
StreetNumberNumeric 8221
StructureType House
SyndicationRemarks 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.
TaxAnnualAmount 12481
TaxLegalDescription 2-3 53 42 BISCAYNE BEACH SUB PB 44-67 LOT 14 BLK 9 LOT SIZE 50.000 X 115 COC 22762-1375 09 2004 1
TaxYear 2023
View Bay
WaterSource Municipal Water
WaterfrontFeatures WF/Ocean Access, Intracoastal Front, Ocean Access, One Fixed Bridge
YearBuiltDetails Resale
Zoning 3900