Property profile

704 84Th St Miami Beach, FL 33141

OFF-MARKET
Land
Property ID
US18-0450264
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Property summary

AI-generated overview

This exceptional 5,650 square foot development site, located at 704 84th Street in Miami Beach's desirable Biscayne Point area, presents a unique boutique development opportunity. Approved plans are in place for a four-story residential building, encompassing seven units: six units on the second and third floors, and a penthouse unit on the fourth floor boasting exclusive rooftop access. The building design incorporates a ground floor featuring a main entrance, elevator, and covered vestibule. Rear parking is conveniently accessible via a street-connected driveway. Residents will enjoy a shared rooftop amenity area. The building's height will be 42 feet, well within the permitted 50-foot zoning limit. The property is zoned RM1. The parcel number is 02-3202-008-1650. This prime location offers close proximity to Bal Harbour Shops and North Beach, and is minutes away from Miami's renowned beaches, resorts, and restaurants. This is an ideal opportunity to capitalize on the high demand for quality housing in this sought-after neighborhood. The existing single-family residence will be demolished to make way for this modern development.

Property profile

Verified
Property type Land
UPID US18-0450264

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

704 84Th St Miami Beach, FL 33141
Miami Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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