Photo 1 of 1
$565,000
Sold on 2/11/11
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 3 |
2.30 |
2,080 |
0 |
1951 |
|
On the market:
17 days
|
View full details, photos, school info, and price history
Oceanfront Diamond in the Rough the epitome of opportunity! Located a half mile south of Flagler Avenue, this beautiful beachfront property has excellent potential. Situated high above sea level, it has a proven hurricane resistant Seawall. In 2010 the structure on this property was newly reconstructed to Miami hurricane-building standards of 2006 with turtle rated and hurricane resistant doors and windows. The interior of this property is unfinished. This jewel has B-4 commercial zoning that accommodates a multitude of uses. Turn the 2,080 square foot main structure into that single-family beach home youve always wanted. Turn the 960 square foot garage into a two-story ocean view structure with living quarters on the 2nd floor and a 4-car garage on the ground floor. Utilize this prime property as Beach Rentals and ensure income for years. The multifamily dwelling unit allowance is for three separately metered units. Establish a fine Restaurant on this prime piece of real estate or conduct your Real Estate brokerage office here while enjoying fabulous Atlantic Ocean views. Dont let this once in a lifetime opportunity pass you by. The owner will finance this property with 25% down and hold a 1st mortgage for the balance of the purchase price at a 6% annual interest rate. ;Water: City
Listing courtesy of Pat Collado, COLLADO REAL ESTATE