5BR – SingleFamilyResidence at 8221 Crespi Boulevard
8221 Crespi Boulevard, Miami Beach, FL 33141
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.
Nearby Synagogues & Location
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About this 5-bedroom home in Miami Beach
This Miami Beach home sits about 0.43 miles from Chabad North Beach (Chabad) — roughly a 9-minute walk. On ShulSearch every nearby listing is ranked by walk time to shul, so you can find a home in Miami Beach that's genuinely within walking distance of your community.
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