Commercial property in Miami Beach, Florida № 2033238

Property description

PRESENTING AN ADVANCED-STAGE COASTAL INFILL DEVELOPMENT OPPORTUNITY PAIRING SWEEPING BAY VIEWS WITH AN EXPEDITED PATH TO SHOVEL-READINESS. Following full Design Review Board (DRB) approval, this 10-unit, 4-story boutique project – Denbora III – is already deep into construction permitting, allowing a developer to bypass the most time-intensive front-end approval stages and move rapidly toward groundbreaking. The development is positioned to deliver modern housing stock into the water-surrounded Normandy Isles micro-market where bay-view options remain extremely limited. The surrounding island setting, defined by Biscayne Bay access and the Normandy Shores Golf Club, supports long-term desirability, while the existing fully-leased triplex provides in-place income that helps offset carrying and pre-development costs as the project advances toward construction start.