0 Calais Dr Miami Beach, FL 33141
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.