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7923-7931 East Dr - For Joint Venture 1.54 Acres of Commercial Land in North Bay Village, FL 33141

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EXECUTIVE SUMMARY

As exclusive agent, Colliers is pleased to present the opportunity to enter into a Joint Venture with current ownership to develop the subject development site located at 7923-7931 East Drive in North Bay Village, FL. The property is available for joint venture giving developers the opportunity to maximize the feasibility of the project. Ownership is willing to contribute up to 70% of the value of the land into the deal as equity, minimizing the upfront acquisition and financing costs of the development. The site is comprised of 4 parcels totaling 1.54-acres with over 480 of direct Biscayne Bay Water frontage. The site represents a premier opportunity for a world-class, highly amenitized, luxury condo development opportunity offering panoramic views of Miami Beach and mainland Miami. Ownership has finalized discussions with a major luxury brand for the project in order to maximize sale price per SF and velocity.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 1.54 AC
Zoning RM-70 - RM-70 High Density Multiple Family Residential District

1 LOT AVAILABLE

Lot

Lot Size 1.54 AC

The site is comprised of 4 parcels totaling 1.54-acres with over 480 of direct Biscayne Bay Water frontage. The site represents a premier opportunity for a world-class, highly amenitized, luxury condo development opportunity offering panoramic views

DESCRIPTION

North Bay Village is a residential island community situated between the cities of Miami and Miami Beach in the middle of Biscayne Bay. It is a three-island paradise consisting of North Bay Island, Treasure Island and Pelican Harbor Marina. North Bay Village is currently experiencing a complete transformation with a wave of luxury new developments that are under construction or planned. Developers from all over the world have set their sights on the island as one of the most sought after submarkets of Miami and the beaches.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 23-3209-001-0270
  • 23-3209-001-0330
  • 23-3209-001-0250
  • 23-3209-001-0290
Land Assessment
$9,111,549 CAD
Improvements Assessment
$0 CAD
Total Assessment
$19,704,044 CAD
  • Listing ID: 33398783

  • Date on Market: 2024-10-03

  • Last Updated:

  • Address: 7923-7931 East Dr, North Bay Village, FL 33141

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