Rare waterfront development opportunity in Miami Beach. Prime 10,200 SF lot (0.23 acres) located at 10 South Shore Dr, featuring an under-construction five-story multifamily project. Plans include 6 luxury residential units and 12 parking spaces, with a projected total building area of approximately 17,435 SF.
Proposed residences range from 1,165 to 1,742 SF, designed for modern upscale living, many with direct Intracoastal canal views. The property offers waterfront access with capacity for up to 4 boats (up to 40 ft each), providing a unique opportunity for luxury waterfront development.
Zoned RM-1 (Multifamily Residential), this offering presents exceptional potential for developers and investors seeking a high-end residential project in a desirable Miami Beach location.
Property is currently classified as vacant land per public records. Existing structure is under construction. All information, including square footage, unit layout, and development details, is based on architectural plans and subject to verification. Buyer responsible to independently verify zoning, permits, and development potential. Sold as-is.
10 S Shore Dr, Miami Beach, FL, 33141
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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