775 81st St, Miami Beach FL 33141

$1,250,000

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Overview

0.13 acres

Property Description

PRESENTING A SITE PLAN APPROVED INFILL DEVELOPMENT OPPORTUNITY WITH STREAMLINED PATH TO PERMIT & INTERIM INCOME IN DESIRABLE NORTH BEACH ENCLAVE. With Design Review Board (DRB) approval already secured and the project advancing toward construction permitting, this thoughtfully scaled residential project significantly reduces pre-development risk and provides a clear, efficient path toward ground-breaking. The approved plans contemplate a modern boutique building with rooftop amenities, private outdoor space, and a residential profile well-suited to the surrounding low-rise neighborhood fabric. Positioned amidst Miami Beach’s enduring demand for newer housing options and limited competing product for approved projects, the opportunity presents a compelling timing advantage with existing cash-flow that allows development on a deliberate & flexible market-driven schedule while more than covering carry costs. The approved project on this site, Marina 81, is a 7-unit boutique modern infill development with Design Review Board (DRB) approval in place and advancing toward construction permitting. Fully entitled at the design level, the project features a thoughtfully curated mix of one- and two-bedroom residences, contemporary architecture, private balconies, ground-floor parking and a rooftop pool and lounge amenity, delivering a tailored solution to the evolving lifestyle needs of the surrounding North Beach area.

Property Details

MLS#

A11990193

Building

BISCAYNE BCH SUB

Address

775 81st St

City

Miami Beach

State/county

Zip/Postal Code

33141

Area

Biscayne Bch Sub

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$7,070

Maint Fee

$--

Tax Year

2024

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