Apartment Building with Approved Site
For Sale
Contact for pricing
202 Sunrise Dr, Key Biscayne, FL 33149
RM-16 zoning supports multifamily development up to four stories and 50 feet in height.
Property Size20,700 SF
Lot Size0.68 Acres
Days on Market144
Property Features for 202 Sunrise Dr
General Information
Standard status
Active
Size
20,700 SF
Net Rentable
14,172 SF
Lot size
0.68 Acres
Property subtype
Multifamily
Zoning
RM – 16
Additional Details
Asking Price
$8,900,000
Building Details
Buildings
1
Stories
2
Construction
CBS
Listing Agency:
Dixon Commercial Real Estate
Listed By:
Javier A Rodriguez · License #FL 0699142
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 1:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dixon Commercial Real Estate
Investment Insights
Based on property information with market context.
The Bahama South Condominium is a two-story CBS residential condominium property with 20,700 square feet of GBA, including 14,172 rentable square feet. Existing residences contain 1,181 square feet of air-conditioned area with two bedrooms and two bathrooms; leases are either month to month or have limited remaining terms.
The 29,700-square-foot, or 0.68-acre, property includes an approved redevelopment plan for 11 units with estimated net sellable area of 22,000 square feet. Planned residences average 2,000 square feet and are configured with three bedrooms, three bathrooms, and an additional half bath. The proposed four-story building includes rooftop amenities.
RM-16 zoning in the Village of Key Biscayne permits multifamily development at 16 units per acre, with a maximum height of 50 feet and a maximum FAR of 0.8:1 for a four-story building. The property is in flood zone AE and is within walking distance of the Atlantic Ocean beachfront.
The 29,700-square-foot, or 0.68-acre, property includes an approved redevelopment plan for 11 units with estimated net sellable area of 22,000 square feet. Planned residences average 2,000 square feet and are configured with three bedrooms, three bathrooms, and an additional half bath. The proposed four-story building includes rooftop amenities.
RM-16 zoning in the Village of Key Biscayne permits multifamily development at 16 units per acre, with a maximum height of 50 feet and a maximum FAR of 0.8:1 for a four-story building. The property is in flood zone AE and is within walking distance of the Atlantic Ocean beachfront.
Key Highlights
- Approved redevelopment plan for 11 units with estimated net sellable area of 22,000 sf
- 29,700 sf lot (0.68 acre)
- Existing two‑story CBS building contains 20,700 sf GBA and 14,172 rentable sf
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Explore this area
Business Placement
Demographics for 33149, FL
14,847
Population
7,514
Households
2
Avg Household Size
43
Median Age
74%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
3,159
Density / Sq Mi
$171,982
Median Household Income
$76,530
Median Earnings
$3,501
Median Rent
$1,231,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - RM-16 zoning supports multifamily development up to four stories and 50 feet in height.
Where is this apartment building located?
The property is located at 202 Sunrise Dr Key Biscayne, FL.
What are key features of this property?
This property features: Approved redevelopment plan for 11 units with estimated net sellable area of 22,000 sf; 29,700 sf lot (0.68 acre); Existing two‑story CBS building contains 20,700 sf GBA and 14,172 rentable sf
