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Property profile & analytics
OFF-MARKET
Schools

1021 Biarritz Dr Miami Beach, FL 33141-3713

4,058 SF 0.37 ac lot Built 1936
Individually Owned 24-yr Hold ~ Est. High Equity
Property ID
US18-3865220
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Schools
Use group COLLEGE, UNIVERSITY, VOC SCHOOL
Year built 1936
Construction CONCRETE
Total area 4,058 SF
Lot 0.37 ac (16,020 SF)
Zoning code 3900:MULTI-FAM,38-62 U/A
APN 02-3210-013-1000
UPID US18-3865220
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Le Petite Papillon Montessori · 24 yrs held
Le Petite Papillon Montessori
since 2001
7 recorded transactions
2025
Price N/A
2025
Price N/A
2018
Price N/A
2013
Price N/A
2010
Price N/A
2010
Price N/A
2008
Price N/A
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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