7909-7911 East Drive - The Harbor Condo 0.54 Acres of Residential Land in North Bay Village, FL 33141

The Harbor Condo site represents a prime redevelopment opportunity amid the transformative wave sweeping through North Bay Village. Currently home to two aging buildings with 29 condo units, this waterfront property is strategically positioned for a visionary developer to capitalize on Miami’s ongoing ascent as the ultimate destination for the world’s elite. At elevation, mid- and upper-floor units will enjoy expansive panoramas from downtown Miami to Sunny Isles, while the neighborhood’s ongoing gentrification, enhanced by public amenities like the future Island Walk promenade, promises robust appreciation and a sophisticated, self-sustaining community. The current zoning (RM-70) allows for an as-of-right development of 38 units with a maximum height of 150 feet. Transferable Development Rights (TDR) allows for potential to expand to 50 units with a maximum height if 195 feet, subject to TDR bank capacity. This offering represents a generational opportunity to acquire a premier waterfront development site in North Bay Village, a three-island enclave situated between mainland Miami and the world-famous sands of Miami Beach. The Village’s central location, tranquil setting, and forward-thinking 2020 zoning code—which allows for taller structures and higher densities—have ignited a development renaissance, attracting over $2 billion in new projects. As demand for luxury residences along Miami’s coastline continues to outpace supply, this site is perfectly positioned to deliver a landmark waterfront destination and capture significant value.