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631 NE 60th St
Miami, FL 33137
Morningside Villas Developement · Land For Sale
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0.24 AC
Investment Highlights
- ONE Sotheby's is proud to market an exclusive redevelopment opportunity to build up to 20-unit multifamily in the Morningside
- Build up to 21 units and go up to 3 stories within the overlay.
- 1 Single-family 2/1 main house and a 2/1 separate structure on a 10,250 sq ft lot with both T6-08 and T5-R zoning.
Executive Summary
Whether you're a seasoned developer seeking your next triumph or an investor with an eye for opportunity, this 10,250 sq ft parcel of land offers the perfect canvas and ideal setting for a sleek, modern structure rising amidst the bustling energy of Morningside. With its favorable zoning, it promotes a dynamic urban landscape, where a multifamily oasis is poised for success.
Nestled in the heart of Miami's most coveted neighborhood, the property is just steps away from a wealth of dining, shopping, and entertainment options. Residents can stroll along tree-lined streets to discover local boutiques, trendy cafes, and world-class restaurants, or enjoy easy access to nearby parks, cultural attractions, and a short commute to beaches.
With Miami's status as a global destination and Morningside's reputation as a sought-after neighborhood, this opportunity would make any development project a lifestyle statement, setting a new standard for luxury living in the Magic City.
Property Facts Under Contract
1 Lot Available
Lot 1
| Price | $2,238,880 CAD | Lot Size | 0.24 AC |
| Price Per AC | $9,514,678.49 CAD |
| Price | $2,238,880 CAD |
| Price Per AC | $9,514,678.49 CAD |
| Lot Size | 0.24 AC |
ONE Sotheby's is proud to market an exclusive redevelopment opportunity to build up to 20-unit multifamily in the Morningside corridor off Biscayne Blvd. It is currently a duplex - 1 single-family 2/1 main house and a 2/1 separate structure.
Description
ONE Sotheby's is proud to market an exclusive redevelopment opportunity to build up to a 21-unit multifamily in the Morningside corridor off Biscayne Blvd. The property is currently a duplex—1 Single-family 2/1 main house and a 2/1 separate structure on a 10,250 sq ft lot with both T6-08 and T5-R zoning. This would allow for the redevelopment of the property consisting of 21 units with a vertical potential of 3 stories within the overlay. Whether you're a seasoned developer seeking your next triumph or an investor with an eye for opportunity, this 10,250 sq ft parcel of land offers the perfect canvas and ideal setting for a sleek, modern structure rising amidst the bustling energy of Morningside. Its favorable zoning promotes a dynamic urban landscape where a multifamily oasis is poised for success. Nestled in the heart of Miami's most coveted neighborhood, the property is just steps away from a wealth of dining, shopping, and entertainment options. Residents can stroll along tree-lined streets to discover local boutiques, trendy cafes, and world-class restaurants or enjoy easy access to nearby parks, cultural attractions, and a short commute to beaches. With Miami's status as a global destination and Morningside's reputation as a sought-after neighborhood, this opportunity would make any development project a lifestyle statement, setting a new standard for luxury living in the Magic City.
Property Taxes
| Parcel Number | 01-3218-000-0290 | Improvements Assessment | $213,855 CAD |
| Land Assessment | $1,274,909 CAD | Total Assessment | $1,488,763 CAD |
Property Taxes
