1021 Biarritz Dr Miami Beach, FL 33141-3713
This exceptional Miami Beach property presents a unique investment opportunity: a fully operational, 16,779 square foot school campus situated on a 46,150 square foot lot (over an acre) in the desirable Normandy Isles. Currently vacant, this turn-key facility boasts state-of-the-art amenities, including a swimming pool, multiple recreational areas, a treehouse playground, outdoor cabanas, a koi pond, and even exotic animal enclosures. Previously operating as Papillon Montessori, the school served students from pre-school through 8th grade and has a grandfathered conditional use permit for up to 250 students. The property's zoning is RM-1, and pre-approved plans exist for additional facility construction on the site. Its central location between Miami and Miami Beach, close proximity to Biscayne Bay and Normandy Shores Golf Club, and the ongoing development boom on the 79th Street causeway, further enhance its value. The asking price is $26,500,000, with an occupancy date of December 10, 2024. This property offers immediate operational capability for educational end-users or significant redevelopment/adaptive reuse potential. The APN is 02-3210-013-1000. This is a rare opportunity to acquire a well-established, beautifully built-out school campus in a prime Miami Beach location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
3900:MULTI-FAM,38-62 U/A · Miami Beach, FLMiami Beach. Always verify with local authorities before improvements.
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.