8221 Crespi Blvd, Miami Beach FL 33141 | Miami-Dade County | A11619556

This single-family property at 8221 Crespi Blvd in Miami Beach is currently configured as a two-unit duplex and sits within the Biscayne Bay Subdivision. Built in 1956, the home offers 5 bedrooms and 5 full bathrooms across 3,104 square feet. It features waterfront views and a private dock with a fixed bridge for direct ocean access. With a current monthly rent roll of $7,750, this multi-family offering is positioned in a neighborhood undergoing significant redevelopment, including new high-rise buildings and retail developments near the 79th Causeway and Ocean Terrace. The property is zoned for maximum buildable square footage of up to 7,188 sq ft with a Floor Area Ratio (FAR) of 1.25 and allows for a structure up to five stories high. The city has issued a notice requiring a common area laundry, which the current owner estimates would cost $25,000 to install if the existing structure remains. If the buyer chooses to demolish and build new, this requirement becomes a non-issue. The seller is only accepting full-price offers. For more details, or to tour the property, call 305-859-4733.