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    7601 Treasure Dr North Bay Village, FL 33141

    For Sale
    $299,000

    Prime Location, 367 sq ft Apartment

    Property size:
    367 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 367-square-foot apartment located within the prestigious Grandview Palace condominium in North Bay Village, Florida. Built in 1987, this unit is part of a larger complex boasting 625 apartments, offering a strong potential for rental income or personal use. The asking price is $299,000. Situated at 7601 E Treasure Dr #4, 33141, Miami-Dade County, the property enjoys a prime location, just minutes from the allure of Miami Beach and its spectacular bay views. The unit itself features central air conditioning and a private bathroom. The low monthly condo association fee of $312 includes water, security, and the cleaning and maintenance of common areas, providing significant value and convenience. This is a rare chance to acquire a piece of North Bay Village real estate within a well-maintained high-rise building, offering both immediate and long-term investment potential. The property is classified as both retail and multifamily, presenting versatile options for the discerning investor. The unit's size and location make it an ideal investment for those seeking a foothold in the thriving Miami real estate market.

    Property Features for 7601 Treasure Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    367 SF

    Building Details

    Year Built
    1987

    HighLights

    • $299,000 asking price.
    • 367 square foot retail and multifamily property.
    • Apartment building located at 7601 E Treasure Dr #4, North Bay Village, FL 33141.
    • Built in 1987.
    • Low $312 monthly HOA includes water, security, and common area maintenance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Bay Village
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1460033
    Latitude
    25.8477863

    Nearby Comparable

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      Luxury Waterfront Multifamily Investment

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    FAQs

    What type of property is this?
    Multifamily property - Prime Location, 367 sq ft Apartment
    Where is this multifamily property located?
    The property is located at 7601 Treasure Dr North Bay Village, FL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: $299,000 asking price.; 367 square foot retail and multifamily property.; Apartment building located at 7601 E Treasure Dr #4, North Bay Village, FL 33141.
    Request Owner's contact information
    7601 Treasure Dr North Bay Village, FL 33141
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7601 Treasure Dr North Bay Village, FL 33141
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