Property summary
This exceptional portfolio comprises three new luxury townhome complexes in Miami Beach's exclusive Normandy Isles. Totaling 27 units across three buildings, each four-story building offers residents direct intercoastal access. Amenities include private boat slips (8 currently under construction, 10 additional planned), two covered parking garages per unit, elevators, stainless steel appliances, washers and dryers, and rooftop terraces featuring plunge pools and barbecue areas. Units range from over 1,500 to over 2,600 square feet, boasting 4 bedrooms and 3 bathrooms. The properties are situated minutes from pristine beaches, renowned restaurants, and the upscale Bal Harbour Shops. With a total of 61,723 square feet of net rentable space on a 49,554 square foot lot, this portfolio presents a unique investment opportunity. The properties are currently vacant, with an occupancy date of January 31, 2025. The asking price is $58,500,000, representing a price per square foot of $947.78. Built and renovated in 2024, this portfolio offers immediate potential for high returns.
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6 recent transactions · within 1.5 miComparable in this City
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