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    1975 Calais Dr Miami Beach, FL 33141

    Sponsored
    For Sale
    $17,700,000

    10 Units, Waterfront, Newly Renovated

    Property size:
    32,532 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a meticulously renovated, ten-unit townhome complex in the coveted Miami Beach area, boasting direct access to the Intercostal Waterway. Completed in 2013 and extensively renovated in 2024, this two-building, three-story property offers 32,532 square feet of space, with 21,166 square feet of net rentable area. The property sits on a 17,640 square foot lot, offering ample space and a desirable land value of $1,003 per square foot. Each of the ten units includes twenty parking spaces. Currently 100% vacant, the property is poised for immediate occupancy, with a projected occupancy date of December 31, 2024. The property features new flooring, bathrooms, kitchen cabinets, and appliances throughout. The current NOI is $799,398, resulting in a 4.52% cap rate. The asking price is $17,700,000, or $1,770,000 per unit. Construction of eight boat slips is currently underway, adding significant value to this already impressive waterfront property. Seller financing is available.

    Property Features for 1975 Calais Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    32,532 SF

    Building Details

    Year Built/Renovated
    2013/2024
    Buildings
    2
    Stories
    3
    Units
    10

    HighLights

    • 10‑unit townhome complex in coveted Miami Beach with Intercostal access.
    • Completely renovated in 2024.
    • Construction of 8 boat slips underway.
    • 100% vacant, ready for immediate occupancy.
    • 2% commission.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1417057
    Latitude
    25.8537967

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    FAQs

    What type of property is this?
    Multifamily property - 10 Units, Waterfront, Newly Renovated
    Where is this multifamily property located?
    The property is located at 1975 Calais Dr Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $17,700,000.
    What are key features of this property?
    This property features: 10-unit townhome complex in coveted Miami Beach with Intercostal access.; Completely renovated in 2024.; Construction of 8 boat slips underway.
    Request Owner's contact information
    1975 Calais Dr Miami Beach, FL 33141
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    Miami Beach, 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
    1975 Calais Dr Miami Beach, FL 33141
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