920 W 47th St, Miami Beach FL 33140 – A11797177

Property Description

Renovate or build new in one of the most exclusive neighborhoods in Miami Beach! Located in the quiet and family friendly Nautilus neighborhood of Mid-Beach, this 1,900-sf home sits on a 7,500-sf corner lot and offers a plethora of opportunity for developers and homeowners alike. With some of the county’s best schools within close proximity, the property is situated near the beach. Easy access to downtown and MIA. There is a set of plans available to build a new single family home that has not been submitted to the city yet. This can save around 4 months of design process to the buyer. A new single family of 3,750 sqft (living area) + 2 car garage can be constructed in this lot, with an estimated after construction value of 6 – 6.5MM (plenty of sold comps to support this estimated value).