Listed by Beachfront Realty, Inc. Miami Beach
Unpriced
Meridian Waterway-Kim Aimee
Details
APN 02-3222-031-0001
Property Type Land, Multifamily
Square Footage 12,171
Units 11
Tenancy Vacant
Year Built 1936
Acreage 0.628
Zoning RM-1
Investment Type Redevelopment
Land | 0.628 acres
Marketing description
The Meridian Waterway site is a waterfront development opportunity that is ideal for a luxury boutique condominium project. Miami Beach is currently one of the most desirable markets for luxury residential real estate in the world.
The property comprises 0.628 acres with 172 feet of frontage on Biscayne Waterway. Its location on the waterway is a half a mile from the Intracoastal Waterway. Boat dockage currently exists at the property.
Investment highlights
- Miami Beach is an International Hotspot - Miami Beach has long been a popular tourist destination known for its beautiful beaches, Art Deco architecture, and vibrant nightlife. Miami Beach is home to a diverse population, with people from all over the world calling the city home. The city is also a major center for the arts, with several museums, theaters, and art galleries. Miami Beach has evolved significantly since the 2020 pandemic. The city is now busier than ever before due to the rise of remote work, and the influx of high-net-worth individuals, technology businesses and finance companies. This has led to an unprecedented increase in demand for housing and has fueled notable growth in the local economy.
- Waterfront Site with Boat Dockage - Waterfront sites are very rare in Miami Beach. Newly built single family homes available for sale within 2 miles of the site as of April 2023 started at $19.5mm while condos in new developments typically start at $4 million. This creates significant headroom for a luxury boutique waterfront development with prices between $1 million and $4 million. The lack of available land for waterfront development in Mid Beach is very clear. The Realtor Multiple Listing Service (MLS) showed single family home waterfront lots starting at $10.8 million for 10,833 square feet, up to $55 million for 70,470 square feet. Meridian waterway offers a site with flexible zoning and 172 feet of linear water frontage. A dock and boatlift are currently featured at the subject property.
- Amazing Location Close to Major Attractions - Residents in this location are a 7 minute bike ride from some of the most beautiful beaches in the world. Familes enjoy many neighborhood parks such as Polo Park and Muss Park, as well as a selection of elementary, middle and high schools. The nearby districts of Lincoln Road Mall and Sunset Harbour Shops offer residents excellent shopping, exercise and dining options. The Faena District and the Fontainebleau Miami Beach are among the huge variety of world renowned resort developments in Mid-Beach. Mount Sinai Medical Center is a short walk away from the site. This full-service hospital is the largest independent non-profit hospital in South Florida. The hospital has a staff of over 2,000 employees, including over 600 physicians. The nearby I-195 causeway provides fast and easy access to all of Miami's other top offerings such as the Design District and Wynwood.
Listing Contacts
Listed by Beachfront Realty, Inc. Miami Beach
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