Miami Beach Land Development Opportunity

1785 to 1795 Calais Drive, Miami Beach, FL 33141
For Sale - Land Development Opportunity

This property presents a rare waterfront land development opportunity in the highly sought after Normandy Isles section of Miami Beach. Situated on an oversized 18,800 square foot waterfront lot with direct ocean access, the property currently consists of two existing buildings totaling eight residential units. Positioned in one of Miami Beach’s fastest growing redevelopment corridors, the site offers exceptional potential for a luxury residential project, with ideal zoning and layout characteristics for a proposed 10 townhome development. The property combines prime waterfront exposure, strong redevelopment fundamentals, and close proximity to beaches, dining, shopping, and major thoroughfares, making it an attractive opportunity for developers and investors seeking scale in a premier Miami Beach location. The offering is priced at $5,549,900, with a projected after repair value estimated between $25 million and $30 million.