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6881 Indian Creek Dr - Shovel Ready Townhome Development Site

0.28 Acres of Residential Land Offered at $5,950,000 in Miami Beach, FL 33141

Investment Highlights

  • Shovel Ready- Full Approved Plans For 5 Townhomes
  • Spacious lot of 12,062 square feet
  • Abduting The North Beach Town Center District

Executive Summary

Remarkable development opportunity in the vibrant north end of Miami Beach. This prime 12,062 square foot lot is being offered with fully approved architectural plans for 5 luxurious townhomes. Averaging 3,010 square feet each, they will all include a 2 car garage, pool, and rooftop terrace, all in a prime location bordering the North Beach Town Center district, an area currently witnessing an explosive growth of developments. The lot currently houses a run-down building that will need to be demolished to make way for newly-built luxury townhomes. With its generous lot size, approved plans for five high-end townhomes, and a strategic location near the hub of urban development, 6881 Indian Creek Drive represents a unique opportunity in one of the city’s most sought-after districts.

Property Facts

Price $5,950,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.28 AC

1 Lot Available

Lot

Price $5,950,000
Price Per AC $21,487,514
Lot Size 0.28 AC

Remarkable development opportunity in the vibrant north end of Miami Beach. 12,062 square foot lot is being offered with fully approved architectural plans for 5 luxurious townhomes.

Description

An exceptional shovel ready real estate opportunity located at 6881 Indian Creek Drive in the vibrant north end of Miami Beach. This prime property encompasses a spacious lot of 12,062 square feet and comes with fully approved architectural plans, paving the way for the development of an exclusive community of five luxurious townhomes. Each of the proposed five townhomes is designed to be a masterpiece of modern living, offering an average living space of 3,010 square feet, culminating in a total developed area of 15,258 square feet. This development promises to deliver an unparalleled living experience, combining spacious interiors with contemporary design. Each townhome includes a 2-car garage, a pool, multiple balconies, a rooftop terrace, and a hot tub. Presently, the lot hosts a dilapidated multifamily building, spanning 9,513 square feet with 30 individual units which will need to be demolished to make way for the development project. The location of 6881 Indian Creek Drive is particularly notable, as it borders the North Beach Town Center district, an area currently witnessing an explosive growth of large-scale developments. This proximity places the property at the heart of a dynamic urban expansion, promising a vibrant community atmosphere and making it an attractive proposition for developers and investors alike. This is a rare and valuable development opportunity in Miami Beach. With its generous lot size, approved plans for five high-end townhomes, and a strategic location near the hub of urban development, 6881 Indian Creek Drive represents an incredible investment in one of the city’s most sought-after districts.

Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-3211-001-0750
Land Assessment
$1,222,104
Improvements Assessment
$6,002
Total Assessment
$1,228,106

zoning

Zoning Code RM-1 (Development Regulations and Parking)
RM-1 (Development Regulations and Parking)
  • Listing ID: 31028064

  • Date on Market: 2/23/2024

  • Last Updated:

  • Address: 6881 Indian Creek Dr, Miami Beach, FL 33141

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