266 S Coconut Ln, Miami Beach, FL 33139

$22,000,000
List Price
$22,000,000
Price Change
▲ $2,000,000 1619492701
MLS#
A10944384
Status
ACTIVE
Type
Land

Property Description

EXTREMELY RARE OPPORTUNITY to build your estate on 150' on water on a square half acre (150' wide by 140' deep) with the very best views of downtown Miami from prestigious Palm Island. Collect rent from the 2 homes while you prepare plans and obtain building permits. Sale includes both 266 & 276 S Coconut Lane. 276 is rented for $15k/mo until Oct 31, 2021 with a 12 month option to extend and 266 is owner occupied but would leaseback if of interest to buyer. Zoned RS-4: Options are a) build a single home up to 10,500 SF, or b) divide lots and build 3 new separate homes, or c) keep as is and renovate the 2 existing homes.

Additional Information

Days on Market
204
Waterfront Description
No Fixed Bridges, Ocean Access, Seawall
Water Access
Dock Available
Parcel Number
02-42-05-002-0671
Front Exposure
Southwest
Lot Size
21,000
Address
266 S Coconut Ln, Miami Beach
Development Name
Riviera 1st & 2nd Addn Am
Section
5

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Westside Estate Agency Florida.