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Development Land / Multifamily Redevelopment Opportunity – RM-1 Zoning (Residential Multifamily, Low Intensity). Shovel-ready opportunity with fully approved City of Miami Beach plans included, allowing a buyer to significantly reduce the typical zoning, design, and permitting timeline and move toward construction quickly. Approved plans feature six (6) oversized 3-bedroom, 2-bathroom residences of approximately 1,310 SF each, offering a larger-format residential product in the South Beach market. The property currently includes existing multifamily structures, providing the potential for holding income while the buyer finalizes construction and development plans. Proposed amenities include secure gated parking, private lobby entry, expansive wraparound terraces, and an exclusive rooftop pool and amenity deck. Excellent opportunity for a developer or investor seeking an approved multifamily redevelopment project in Miami Beach. Approved plans and additional development documents are available in the MLS attachments.

Highlights

  • Land
  • 0.1723 Acre Lot
  • 36 days on Market


  • Acres
    0.1723

  • Area
    32
  • County
    Miami-Dade
  • City
    Miami Beach
  • Neighborhood
    ALTON BEACH BAY FRONT RE-
  • Zip Code
    33139

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Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $2,399,900. We can talk through recent upgrades, potential seller motivation, how this land compares to others in Miami Beach, and can even get you in to see the property quickly.

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How much is the monthly mortgage payment for ?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for at around $15,598. This includes estimated property taxes and insurance.

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Can I negotiate the asking price for ?

In most cases, yes. Whether is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Miami Beach's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

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How long has this property been on the market?

was listed on September 30, 2026, which means it's been on the market for 36 days.

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What is the lot size of this property?

sits on a 0.17-acre lot, which is 7,405 square feet.

What are the property taxes for ?

The most recent public record shows annual property taxes for were approximately $31,022. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, MIAMI REALTORS MLS. All rights reserved.

Last Updated: November 05, 2026 at 10:41PM | Source: MIAMI REALTORS MLS | MLS#: A12099063