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$5,500,000

Beds
4
Baths
4.0
sq ft
3,427

1920 Bay Dr, Miami Beach, FL 33141

1920 Bay Dr

Miami Beach, FL 33141

  • 167 days on market
Presenting a rare chance to acquire a wide bay single-family home with breathtaking wide bay views. 8,850 SQ FT ft lot featuring 52 feet of water frontage on the wide bay, with downtown views. There are no fixed bridges to the ocean. ** Grandfathered Boat Dock Pilings** significantly enhance the value of this already attractive property. Offering RM-1 Zoning, perfect for a new condominium development project. The FAR of 1.25 permits up to 11,000+/- sq feet of living space, with a maximum height of 55 feet. The property is not historic, paving a path to creating something extraordinary. This is a prime residential development opportunity not to be missed.

Details

Property type

Single Family Residence

Est. home value

$2,154,383

Lot size

8,850 sq ft

Price per sq ft

$1,605

Year built

1951

Annual property taxes

$10,879

Price History

01/22/2024
SEF

SEF #A11517733

Listed
$5,500,000

Schools & Community

Neighborhood: 

Isle of Normandy

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Countrywide Home Loans Inc

Loan start date

July 2001

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

7.14%

Loan type

Credit Line (Revolving)

Seller

Michelle A Salem

Lender

Countrywide Home Loans Inc

Loan start date

July 2001

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

7.14%

Loan type

Credit Line (Revolving)

Seller

Michelle A Salem

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/07/2024 at 6:30 PM

Listing updated: 06/06/2024 at 7:04 PM

Listed by: David Nguah, Douglas Elliman Phone #: (305) 695-6300

MLS: SEF #A11517733

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