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    3921 Meridian Ave Miami Beach, FL 33140

    For Sale
    $10,790,000

    Luxury 4-unit building, prime location.

    Property size:
    5,366 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This stunning Mediterranean-style fourplex, located at 3921 N Meridian Ave in Miami Beach, Florida (zip code 33140), presents a unique investment opportunity. Built in 1956, this two-story building boasts 5,366 square feet and offers four individual units. The property features custom wooden decks directly on the water, providing picturesque views and allowing for boat dockage. Each unit includes Juliet-style balconies overlooking the water, adding to the luxurious feel. Further enhancing convenience, each unit is equipped with in-unit washer/dryer hookups. Recent upgrades include the installation of new hurricane impact windows and doors, ensuring both safety and energy efficiency. The property's prime location offers easy access to 41st Street, the Julia Tuttle Causeway, I-95, and the world-famous South Beach. Its proximity to these key areas makes it highly attractive for both residents and investors. The property's versatility is a significant advantage; it could easily be converted into a single-family residence, providing flexibility for future use. Owner financing is a possibility, making this exceptional waterfront property even more appealing. The asking price is $10,790,000.

    Property Features for 3921 Meridian Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,366 SF

    Building Details

    Year Built
    1956
    Stories
    2
    Units
    4

    HighLights

    • $10,790,000 asking price.
    • Four‑unit multifamily apartment building.
    • 5,366 square feet.
    • Built in 1956, two stories.
    • Miami Beach, FL location near 41st St, Julia Tuttle Causeway, and I‑95.
    Property Profile Insight Report 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 Building Supply Clothing Store 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
    -80.1331785
    Latitude
    25.812257

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 4-unit building, prime location.
    Where is this multifamily property located?
    The property is located at 3921 Meridian Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $10,790,000.
    What are key features of this property?
    This property features: $10,790,000 asking price.; Four-unit multifamily apartment building.; 5,366 square feet.
    Request Owner's contact information
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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
    3921 Meridian Ave Miami Beach, FL 33140
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